CHF/JPY Analysis | Potential Reversal or Continuation ? CHF/JPY Technical Analysis & Forecast
📉 Market Overview: Swiss Franc / Japanese Yen (CHF/JPY) – 4H Chart : The pair is currently trading within a well-defined descending channel, signaling a sustained bearish trend. The price action has consistently followed a lower high and lower low structure, confirming the prevailing downtrend.
However, recent price movements suggest potential signs of reversal as the pair approaches a key support zone. Let’s dive into the details.
🔍 Key Technical Highlights:
✅ Descending Channel: The market has been respecting a downward sloping trendline, indicating ongoing bearish pressure.
✅ Major Support Zone: The pair has tested a crucial quarter fulfillment level, a historically strong support area.
✅ Double Bottom Formation: A potential reversal pattern is forming, hinting at a possible upward move.
✅ 50 EMA Acting as Dynamic Resistance: The price remains below the 50-period Exponential Moving Average, a key level to watch for bullish confirmation.
✅ Resistance Levels: The 169.000 (50% Fib) and 172.000 (75% Fib) levels are the next upside targets if buyers gain control.
📊 Prediction & Outlook:
🔹 Bullish Scenario: A successful break above dynamic support/resistance and the 50 EMA could trigger a bullish move toward 169.000 and potentially 172.000.
🔹 Bearish Scenario: Failure to hold the current support could see the pair continue its downward trajectory within the channel, with potential targets around 163.250.
🔹 Key Confirmation Point: A breakout above the support & resistance zone (~168.000) would strengthen bullish momentum, while a rejection could lead to further downside.
📢 Trader’s Takeaway:
🔹 Short-term traders should watch for confirmation of the double bottom breakout.
🔹 Swing traders may look for opportunities within the current channel structure, capitalizing on both reversals and trend continuations.
🔹 Risk management is crucial; a break below 166.000 may invalidate bullish setups.
Stay tuned for more updates and trade wisely!
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OANDA:CHFJPY FX:CHFJPY VANTAGE:CHFJPY
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Gold (XAU/USD) Approaching Key Resistance – Breakout or PullbackGold sets a new high of $2,936! Discover a purchase opportunity at the 0.618 Fibonacci retracement level and breaker block for potential momentum.
This chart represents a technical analysis of XAU/USD (Gold vs. US Dollar) on a daily timeframe using Fibonacci retracement and extension levels. Here's a breakdown of the possible market trend:
Key Observations:
Current Price: ~2,936.26 USD
Fibonacci Levels:
1.618 Extension: ~2,950.07 (Potential Resistance)
1.414 Extension: ~2,898.07
0.618 Retracement: ~2,695.15 (Potential Support)
0.5 Retracement: ~2,665.07
0.382 Retracement: ~2,634.99
Trend Structure:
The price has been in a strong uptrend since late 2024.
The next key resistance appears near 2,950 (1.618 Fibonacci extension).
A possible correction may occur around 2,950, leading to a retracement before further upside.
Possible Trading Ideas:
Bullish Scenario:
If the price breaks above 2,950, the next leg higher could extend towards 3,000+ USD.
Buyers may enter on a pullback around the 0.618 Fibonacci retracement (~2,695) before another bullish move.
Bearish Scenario (Correction Phase):
A rejection from 2,950 could lead to a retracement to the 2,700–2,665 zone.
A deeper correction may test the 2,537 support area.
NZDUSD Break & Retest – Bullish Continuation in Play?OANDA:NZDUSD has broken above a key resistance zone near 0.57000 and has now pulled back for a retest. This area previously acted as resistance and may now serve as support, aligning with a potential bullish continuation.
If buyers confirm support at this level, the price is likely to move upward toward the 0.57860 level, which serves as a logical target for this setup. Conversely, a failure to hold support could signal a potential bearish shift.
Traders should monitor for bullish confirmation signals, such as bullish engulfing candles, strong wicks rejecting the support zone, or increased buying volume, before considering long positions.
Let me know your thoughts or any additional insights you might have!
GBPZAR at Clear Resistance Zone - Will Sellers Step In?OANDA:GBPZAR has reached a significant resistance zone, marked by prior price rejections and strong selling pressure. This area has historically acted as a key supply zone, indicating the potential for a pullback if sellers regain control.
The current market structure suggests that if the price confirms a rejection from this resistance zone, there is a high likelihood of a downward move. I anticipate that if rejection occurs, the market may head lower toward the 23.1620 level, which represents a logical target within the current market structure.
This setup reflects the potential for a retracement after an impulsive move, supported by the confluence of previous price behavior and the current structure.
NZD/USD Strength Persists: Dips Remain Buying OpportunitiesOver the past two weeks, I have drawn attention to major USD pairs, suggesting that a reversal could be imminent and that an upside correction might follow the downtrend from the last quarter of 2024.
NZD/USD is no exception. After finding strong support around the 0.5550 zone, the pair began to reverse to the upside. Following last week’s higher low, it broke resistance on Friday. After an initial correction and confirmation, bulls have regained control.
I expect NZD strength to continue, and as long as 0.5650 holds, there is a high probability of a move toward 0.58 or higher.
In conclusion, buying dips remains a favorable strategy, aiming for a risk-reward ratio of at least 1:2.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Gold–A Bullish Revival or Just a Correction After Friday's Drop?Yesterday was a very quiet day for TRADENATION:XAUUSD traders.
After a normal rebound from the 2880 support, the price hovered around 2900 in a low-volatility environment.
Overnight, bulls found some strength and pushed the price to a high of 2916. At the time of writing, Gold is trading around 2910.
In my view, this is merely a correction following Friday’s sharp drop, not a resumption of the bullish trend. As I mentioned yesterday, I am looking to sell rallies.
My idea would be invalidated by a daily close above Friday’s high.
As for the target, in the medium term, we could see the price drop to 2850.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Bitcoin’s Struggle Continues: Key Levels to WatchBitcoin’s price action over the past two months has been frustrating, with the price stuck in a range.
The brief drop to the 90K zone following Trump’s tax announcement was quickly reversed. However, after a spike above 100K, BTC has once again been consolidating below this key level for the past two weeks.
At the time of writing, BTC/USD is sitting on newly formed support at 95K. A break below this level could lead to another test of 90K.
If bulls fail to hold the 90K support, the price could extend its decline, potentially dropping to 85K in the first instance.
EUR/USD Outlook: Bullish Trend Intact, Next Target 1.06?In my post last week about EUR/USD, I argued that the pair could rise to 1.05 and that dips around 1.03 should be seen as buying opportunities.
Indeed, after briefly dipping below 1.03, the pair reversed to the upside and reached my 1.05 target.
Currently, the pair is undergoing a small correction and is trading at 1.0460 at the time of writing. However, my bullish outlook remains unchanged. Dips around 1.04 should once again be considered buying opportunities.
The next target for bulls could be the 1.06 resistance zone.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
GBP/USD Rally: Is 1.28 the Next Target?In my post last week about GBP/USD, I mentioned that as long as the 1.23 support remained intact, the pair could rise toward the 1.26 resistance level and that buying dips below 1.24 could be a good strategy.
Indeed, the pair climbed to 1.26 on Friday, which raises the question—what’s next?
In my view, GBP/USD is likely to continue its ascent, with the next bullish target being the 1.28 resistance zone.
In conclusion, dips around the 1.25 support could present buying opportunities, with invalidation below 1.24 and a target at the 1.28 resistance level.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
USD/JPY Falls from 154.80 – Is 146 the Next Target?In my post last week about USD/JPY, I mentioned that the pair could resume its decline and draw attention to the 154+ sell zone.
Indeed, USD/JPY started falling after reaching 154.80 and is now trading at 151.72, which is very close to a key horizontal support level.
Looking ahead, I expect this support to break, pushing the pair below 150 and potentially down to the next horizontal support around 146.
In conclusion, my strategy remains unchanged: I will continue looking to sell rallies, with invalidation above last week’s high.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Gold’s Wild Ride: From Record Highs to Sudden Sell-OffsLast week was highly volatile for Gold prices.
After reaching a new all-time high on Tuesday, the price dropped sharply by approximately 800 pips. However, it began recovering on Thursday and climbed back to the 2940 zone on Friday.
In the final hours of trading, Gold experienced another sharp decline, closing the week exactly at the 2880 support level.
These repeated sell-offs from the all-time high suggest that a deeper correction may be underway, potentially confirming a double-top pattern. If this scenario unfolds, the measured target for the drop could be around 2820.
With this in mind, I will look to sell rallies against the recent 2940 all-time high.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
GbpUsd could continue its reboundAfter breaking above the falling trendline from the end of January, GBP/USD has entered a consolidation phase between 1.23 and 1.25.
Recently, the pair tested the support zone once more and began to rebound.
In my opinion, the upward movement will continue, and we could see a test of the next resistance above 1.26.
In conclusion, I am looking to buy dips below 1.24, with invalidation occurring on a daily close below 1.23.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Silver- Rise above 33After dipping below the 31.70 support level twice, silver managed to recover and is now testing the key 32.30 resistance zone again.
Given the chart structure and price action over the past 48 hours, I believe an upside breakout is likely, with the potential for acceleration above 33.
In conclusion, my strategy is to buy on dips, with invalidation set below the recent spike low.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Buy the Dips? AUD/USD Eyes 0.65 After BreakoutAs mentioned, I remain bullish on AUD/USD and expect a rise to 0.65.
Over the past 10 days, the pair has remained virtually unchanged, fluctuating within a tight 50-pip range between 0.6250 and 0.63. However, yesterday, AUD/USD showed some strength and broke above 0.63.
I believe this breakout is genuine, and we could see further acceleration to the upside. My target remains 0.65, and I will stay bullish as long as the 0.62 zone holds.
Buying dips should continue to be the preferred strategy.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Gold- Is the correction over?Yesterday, gold dipped to a low of 2864; however, this drop was quickly reversed as bulls took control, pushing the price back above 2900. This raises the question: is the correction over?
The daily candle formed a Pin Bar, which could be a strong indication that the correction has ended.
Currently, the price is trading around 2913, with the key support level for bulls at the 2890 zone . As long as the price remains above this level, we can expect the uptrend to continue, potentially leading to a new all-time high.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
CPI NEWS TARGET (GOLD BIG MOVE ALERT)🚨 Alert Traders 🚨
The gold market is currently stuck in a no-trade zone. 🛑
We’ve identified our support and resistance zone between 2889 and 2879. 📊 Let’s wait for a candle to either break and close above or below this range.
🔻 If the price breaks below our support level, we’ll aim for previous support levels as our targets:
🎯 TP1 = 2860
🔺 If the price breaks above our resistance zone, which is also a new All-Time High (ATH), we can use the trendline to identify the new ATH:
🎯 TP1 = 2905
✨ Best of luck! 💰💪
GBPJPY TRADE DON'T MISS THIS OPPORTUNITY 📈 GBP/JPY Buy Setup - 4H Analysis 🚀
I'm currently looking at a potential bullish move on GBP/JPY based on recent price action. The pair has been in a downtrend but has found support around 188.00-188.50, showing signs of reversal.
🔹 Entry: Around 189.10-189.30
🔹 Stop Loss: 187.76 (Below recent lows)
🔹 Target: 191.83 (Previous resistance level)
🔍 Analysis Breakdown:
✅ Price has rejected a key support zone, indicating potential upside.
✅ Bullish momentum is forming with higher lows on lower timeframes.
✅ Risk-to-reward ratio is favorable, aiming for a 2:1+ setup.
I'll be monitoring this trade closely. Let me know your thoughts! 📊📢
#GBPJPY #ForexTrading #PriceAction #TradingView #ForexSignals #FXAnalysis 🚀💹
XAUUSD NEW SIGNAL ALERT (WILL IT FALL OR NOT?)Gold market is now stuck in no trade zone
2919-2912 we mark our support and resistance zone over here and wait for any candle to break and close above or below our rage
if it break through our support then we target previous supports as our Tps
so Tp1= 2906
And if breaks through our resistance zone which is also new ATH then we can mark our new ATH by follow trend line
Tp1= 2942
BEST OF LUCK
Blow-Off Top? Why I’m Selling Gold Rallies AgainIn my analysis yesterday, I mentioned that Gold could be due for a correction and suggested selling rallies.
Unfortunately, my sell position from 2905 hit the stop loss, and Gold went on to reach a new all-time high.
However, this appears to be a blow-off top, which could signal the start of a real correction phase.
With this in mind, I will look to sell rallies again, targeting the 2885 confluence support level.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
XAUUSD NEW TARGETGold market is now stuck in no trade zone
2873-2879 we mark our support and resistance zone over here and wait for any candle to break and close above or below our rage
if it break through our range then we target previous 2 supports as our Tps
so Tp1= 2866
TP2 = 2782
And if breaks through our resistance zone which is also new ATH then we can mark our new ATH by follow trend line
Tp1= 2885
Tp2= 2900
BEST OF LUCK!
Gold’s Next Big Move: Rally to $3K or a Sharp Pullback?The big question on everyone’s mind is whether FOREXCOM:XAUUSD will reach $3,000 in 2025. In my opinion, it probably will.
Looking at the weekly chart, gold has been trading in a well-defined ascending channel for exactly a year. Each time the price dips near the trendline support, buyers step in, keeping the uptrend intact. The last time this happened was at the start of the year, and since then, gold has climbed more than 2800 pips from its low to its Friday's ATH.
With this in mind, we can reasonably expect Gold to maintain its bullish trajectory— an assumption supported not only by technical analysis but also by fundamental factors.
________________________________________
📊 Shorter Time Frame: Signs of Exhaustion?
Although the long-term trend remains bullish, trends are not linear—they consist of ups and downs. If we refine our analysis to a shorter time frame, the situation looks a bit different.
• The 4-hour chart still reflects a strong uptrend that began earlier this year.
• However, last week, signs of exhaustion emerged:
- Tuesday’s all-time high of $2,880 was followed by a normal pullback to the $2,840 zone (which I highlighted in last week’s analysis).
- On Friday, a new ATH near $2,890 was reached, but the market saw a sharp reversal after the initial NFP-driven rally, with further weakness into the closing hours.
________________________________________
🔍 Key Levels to Watch:
• Support Levels:
- $2,840–$2,835 (previous support zone)
- $2,800 (psychological level)
- $2,775–$2,760 (deeper retracement area)
• Resistance Levels:
- $2,890 (recent ATH)
- $2,900 (psychological barrier)
- $2,980–$3,000 (major upside target)
________________________________________
🎯 Potential Trade Setups:
✅ Bullish Scenario:
• If Gold holds above $2,840 and rebounds, a breakout above $2,880–$2,890 could drive prices towards $2,900+, with the final target at $3,000.
🚨 Bearish Scenario:
• If gold fails to hold $2,840, a deeper pullback to $2,800–$2,775 is likely.
• A weekly close below $2,800 could trigger an extended correction toward $2,760.
________________________________________
📉 My Strategy for Next Week:
While the long-term uptrend remains intact, I anticipate a short-term correction.
• I will be looking to sell rallies, targeting a pullback toward $2,800 or slightly below.
• If Gold tests key support and shows strength, I’ll switch to a buy-the-dip approach for the next leg higher.
⚠️ Note: This is a high-risk strategy, as we are still in a strong bull market. Proper risk management is essential.
Regards!
Mihai Iacob
Silver Struggles at Resistance – Bearish Setup in Play?Since reaching the 32.30 resistance zone last Wednesday, OANDA:XAGUSD has been trading in a range-bound consolidation phase.
On Friday’s NFP release, the price spiked back into this resistance area but quickly reversed, closing the day near the 31.70 support level.
Currently, Silver is rebounding once again from this support, which could present a good shorting opportunity for sellers.
My bias is bearish as long as 32.50 resistance holds, and I expect a potential decline toward 31.00 in the near term.
EUR/USD Range-Bound but Ready to Break Higher? Since the beginning of the year, EUR/USD has been trading within a range, fluctuating between 1.0200 and 1.0440, aside from a few temporary spikes in both directions.
While the overall trend remains bearish, I anticipate a relief rally in the near future, which could push the price toward the 1.0650–1.0700 zone in the medium term.
In the short term, the market remains stable, with a strong support base forming around 1.0200. Given this setup, my bias is bullish, and I’m looking to buy dips, targeting 1.0500 as the first key resistance level.