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EURUSD 7 Feb 2025 W6 - Intraday Analysis - NFP Day!This is my Intraday analysis on EURUSD for 7 Feb 2025 W6 based on Smart Money Concept (SMC) which includes the following: Market Sentiment 4H Chart Analysis 15m Chart Analysis Market Sentiment Investors remain cautiously optimistic, balancing solid underlying economic data with persistent concerns over geopolitical tensions and trade disruptions. Federal Reserve Outlook: Market participants expect the Fed to maintain its cautious stance. Future monetary policy decisions will likely be data-dependent, especially as the central bank closely monitors inflation trends influenced by tariff-induced cost pressures. Global Impact: International markets are bracing for mixed outcomes. Trade tensions and the ripple effects from tariffs on major partners are expected to create uneven performance across regions, with Europe and Asia particularly in focus as they adjust to shifting supply chain dynamics. Below is an assessment of the potential impact of today's USA Non-Farm Payroll (NFP) report, given the prevailing market sentiment: Strong NFP Data: A robust jobs report is likely to bolster the U.S. dollar, as improved employment figures can reinforce expectations for a tighter monetary policy by the Federal Reserve. This outcome could increase investor confidence in the domestic economy; however, given existing trade tensions and geopolitical uncertainties, the upside for risk assets might be tempered by renewed concerns about inflationary pressures. Weak NFP Data: A disappointing jobs report may weaken the U.S. dollar, as softer employment data could lead to expectations of a more accommodative Fed policy in the near term. This scenario might trigger heightened market volatility, with investors shifting toward safe-haven assets like U.S. Treasuries and gold, reflecting an amplified risk-off sentiment. 4H Chart Analysis 1️⃣ 🔹Swing Bullish 🔹INT Bearish 🔹Reached Swing Extreme Demand 🔹Swing Continuation 2️⃣ 🔹With the deep pullback to the Bullish Swing extreme discount and mitigating the 4H/Daily demand zones, price turned Bullish forming a Bullish CHoCH. 🔹The current Bullish move from Swing extreme discount to current price level having 2 scenarios: Scenario 1: Pullback for Bearish INT Structure and we would expect Bearish continuation to target the Weak INT Low which aligns with the Daily/Weekly Bearish Structure/Move. (Counter Swing – Pro Internal) Scenario 2: Bullish Swing continuation to target the Weak Swing High. (Pro Swing – Counter Internal) 🔹With Today NFP, news volatility will determine for me for next week a clear direction. 3️⃣ 🔹Expectations is set to Bearish to target the Weak INT Low. 15m Chart Analysis 1️⃣ 🔹Swing Bearish 🔹INT Bearish 🔹Swing Continuation 2️⃣ 🔹Price reached the Weak Swing High (4H CHoCH) sweeping the liquidity and turning INT structure to bearish with iBOS. 🔹Technically on the 15m I’d expect price to continue bearish following the Bearish Swing and INT structures which aligns with the 4H Bearish INT Structure continuation to target the Weak INT Low. 🔹My concern is that the 4H Swing is Bullish, we mitigated the extreme discount and currently in the continuation to target the 4H Weak Swing High. 🔹I prefer to follow the 15m current bearish Structure till we align the 15m Swing with the 4H Swing. 3️⃣ 🔹Expectation is for price to continue Bearish targeting the 15m Weak Swing Low
by Amr-Sadek
2
GBPUSD at Key Resistance: Will Sellers Push Toward 1.24280?OANDA:GBPUSD has reached a significant resistance zone, marked by prior price rejections and strong selling pressure. This level has historically acted as a key supply area, increasing the likelihood of a bearish bounce if sellers regain control. With the price now testing this resistance, I anticipate a potential downward move toward the 1.24280 level, aligning with the broader bearish market structure. This setup suggests the possibility of a retracement after the recent upward movement. Traders should watch for confirmation signals, such as bearish engulfing candles or rejection wicks, to validate the potential for a reversal.
Short
by DanieIM
3
EURAUD Approaching Key Support: Potential Buy SetupOANDA:EURAUD is approaching a significant demand zone, marked by prior price reactions and strong buying interest. This zone has historically acted as a reliable support area, suggesting the potential for a bullish rebound if buyers regain control. The current market structure indicates that if the price confirms a rejection from this demand zone, we could see a move upward toward the 1.66105 level. Traders should look for bullish confirmation signals, such as bullish engulfing candles or higher lows, to validate potential long entries.
Long
by DanieIM
2
EURJPY at Key Support: Will Buyers Push Toward 159.570?OANDA:EURJPY has reached a significant support zone, marked by prior strong price reactions and substantial buying interest. This level has historically acted as a demand area, suggesting the potential for a bullish rebound if buyers step in. The current market structure indicates that if the price confirms a rejection from this support zone, we could see a move upward toward the 159.570 level, aligning with a logical retracement within the broader market context. Traders should watch for bullish confirmation signals, such as bullish engulfing candles or higher lows, before entering long positions.
Long
by DanieIM
1
EURAUD at Key Support Level - Will Price Rebound to 1.66110?OANDA:EURAUD reached a key support level, an area where buyers have previously shown strong interest. The recent bearish movement suggests that price is testing this level, potentially setting up for a rebound. A bullish confirmation, such as a strong rejection pattern, bullish engulfing candles, or long lower wicks, would strengthen the case for a move higher. If buyers step in, the price could rally toward the 1.66110 target. However, a decisive breakdown below this support would invalidate the bullish scenario and could lead to further downside. This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in. Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments. Best of luck , TrendDiva
Long
by TrendDiva
1
EURNZD - Sell Setup at Clear Resistance ZoneEURNZD is currently trading in a clear resistance zone that has consistently acted as a barrier for bullish momentum. This area aligns with prior supply levels and could attract some seller interest. If rejection patterns, such as bearish engulfing candles or long upper wicks, emerge, I anticipate a move toward 1.82800. However, a break above this zone could signal a potential shift in market sentiment. This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation before jumping in. Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective about this setup in the comments. Best of luck , TrendDiva
Short
by TrendDiva
3
HKDJPY - Potential Sell After Support BreakOANDA:HKDJPY has successfully broken a support level and it may be retesting it as resistance. If the price confirms resistance at this retest, I anticipate a bearish move toward 19.64974 level. Conversely, a failure to hold resistance could indicate a continuation of the bullish trend. Traders should look for bearish confirmation signals, such as bearish engulfing candles or increasing sell volume, before entering short positions. Agree with this analysis? Let’s discuss further in the comments section!
Short
by TrendDiva
2
WHEAT at Key Resistance Zone - Sellers Ready to Step In?PEPPERSTONE:WHEAT is approaching a key resistance zone, an area that has previously triggered strong selling pressure, making it a key level to watch. If rejection occurs—such as wicks, bearish engulfing patterns, or a shift in momentum—sellers could regain control, driving the price lower toward the 559.0 target. This aligns with a short-term pullback scenario within the broader market structure. However, a sustained breakout above this resistance would invalidate the bearish outlook, potentially opening the door for further upside. This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in. Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments. Best of luck , TrendDiva
PEPPERSTONE:WHEATShort
by TrendDiva
EURJPY Approaching Key Support - Buying Opportunity Ahead?OANDA:EURJPY is approaching a key support zone, an area where the price has previously shown strong buying interest. The recent price action suggests that buyers may step in and drive the price higher. A bullish confirmation, such as a strong rejection pattern, a bullish engulfing candle, or long lower wicks, would increase the probability of a bounce from this level. If buyers regain control, the price could move toward the 160.080 level. However, a breakout below this support would invalidate the bullish outlook, potentially opening the door for further downside. This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in. Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments. Best of luck , TrendDiva
Long
by TrendDiva
1
XAU/USD Trade Idea: Potential Long Setup📊 Pair: XAU/USD (Gold) 💡 Trade Bias: Bullish • Buy Entry: Around 2,816.691 • Take Profit (TP): 2,882.344 • Key Level (IDM): 2,839.487 🎯 Plan: Waiting for price to take out the IDM level before moving into my order flow for a refined entry. Will look for a CHoCH flip on the 5M timeframe within the order block to confirm bullish intent. 🚨 Note: Price action near the IDM level and 5M confirmation will dictate the actual entry. Staying cautious until all confirmations align.
OANDA:XAUUSDLong
by Juicemannn
EUR/USD Trade Idea: Potential Short Setup 📊 Pair: EUR/USD 💡 Trade Bias: Bearish • Sell Entry: Around 1.04611 • Take Profit (TP): 1.02118 • Key Level (IDM): 1.04344 🎯 Plan: Currently, the 30M CHoCH has confirmed bearish intent. Waiting for price to mitigate the 30M order block, then dropping to the 5M timeframe for a CHoCH flip and refined entry. • Confirmation: Liquidity sweep and strong bearish momentum on the 5M after mitigation. 🚨 Note: Patience is key. Entries are approximate and depend on mitigation and structure flip. Bless Trading!
Short
by Juicemannn
1
EURZAR Approaching Demand Zone – Bullish Bounce ExpectedOANDA:EURZAR is approaching a key demand zone. Previously, this area has acted as strong support, leading to bullish reversals. The current price action suggests buyers might step in again, potentially driving the price higher. A bullish confirmation, such as a strong rejection pattern, bullish engulfing candles, or long lower wicks, would increase the probability of a rebound. If buyers regain control, the price could move toward the 19.39600 level. However, a break below this demand zone could invalidate the bullish outlook, potentially opening the door for further downside. This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in. Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments. Best of luck , TrendDiva
Long
by TrendDiva
1
EURSEK at Key Demand Zone: Will Buyers Push Toward 11.396?OANDA:EURSEK has reached a significant demand zone, marked by prior strong price reactions and substantial buying interest. This level has historically acted as a support zone, suggesting the potential for a bullish rebound if buyers step in. The current market structure indicates that if the price confirms a rejection from this demand zone, we could see a move upward toward the 11.3966 level, aligning with a logical retracement within the broader market context. Traders should watch for bullish confirmation signals, such as bullish engulfing candles or higher lows, before entering long positions.
Long
by DanieIM
1
GBPNZD Approaching Support Level: Rebound Toward 2.19400?OANDA:GBPNZD is approaching key support level, marked by prior price reactions and strong buying interest. This level has historically acted as reliable demand area, signaling the potential for a bullish reversal if buyers regain control. The current market structure suggests that if the price confirms a rejection from this demand zone, we could see an upward move toward the 2.19400 level. This target aligns with a logical retracement within the broader market context. Traders should monitor for bullish confirmation signals, such as bullish candlestick patterns or a series of higher lows, before considering long positions.
Long
by DanieIM
1
WMT Showing Bullish Momentum – Move Toward $99.00 ExpectedNYSE:WMT is demonstrating strong bullish momentum, driven by consistent price strength and support from key moving averages. The recent price action confirms buyers' dominance, with a clear uptrend evident on the chart. The stock has advanced steadily, breaking out of prior consolidation zones, and is now poised to target the $99.00 level, which serves as the next significant milestone. This setup aligns with the expectation of a bullish continuation, offering a potential long opportunity if pullbacks or consolidations occur near current levels. If you agree with this analysis or have additional insights, feel free to share your thoughts here!
NYSE:WMTLong
by THE-BUFFALO
NZDUSD Approaching Key Resistance – Potential Sell SetupOANDA:NZDUSD is approaching a key resistance zone. Previously, this level has acted as strong supply area, leading to a bearish reaction. The ongoing bullish momentum suggests that buyers might test this level soon. A bearish confirmation, such as a strong rejection pattern, bearish engulfing candles, or long upper wicks, would increase the probability of a pullback. If sellers step in, the price could move toward the 0.56570 level. This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in. Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments. Best of luck , TrendDiva
Short
by TrendDiva
1