SMC
EUR-AUD Bullish Breakout! Buy!
Hello,Traders!
EUR-AUD is trading in an
Uptrend and the pair made
A bullish breakout of the
Key horizontal level of 1.6777
And the breakout is confirmed
So we will be expecting a
Further bullish move up
Buy!
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Check out other forecasts below too!
ALUMINIUM Approaching Key Support – Bullish Rebound ExpectedPEPPERSTONE:ALUMINIUM is approaching a significant support zone, marked by prior price rejections and strong buying pressure. This area has historically acted as a key demand zone, indicating the potential for a pullback if buyers regain control.
If buyers step in and confirm support within this zone, we could see a rebound toward the 2,634 level, aligning with a corrective move after the recent sell-off. However, failure to hold this support could signal further downside continuation.
Traders should watch for bullish confirmation signals, such as rejection wicks, bullish engulfing patterns, or increased buying volume, before considering long positions.
EURSEK at Major Support Level – Bullish Rebound ExpectedOANDA:EURSEK is approaching a key demand zone, which has historically acted as strong support. The recent sharp decline has brought the price back into this area, increasing the likelihood of a potential bullish reaction.
If buyers step in and confirm support within this zone, we could see a rebound toward the 11.25000 level, aligning with a corrective move after the recent sell-off. However, failure to hold this support could signal further downside continuation.
Traders should watch for bullish confirmation signals, such as rejection wicks, bullish engulfing patterns, or increased buying volume, before considering long positions.
AUDCAD at Key Support Level – Potential Rebound to 0.89950OANDA:AUDCAD has reached a significant support zone, marked by previous price reactions and strong buying interest. This area has historically acted as a key demand zone, increasing the likelihood of a bounce if buyers step in.
The current market structure suggests that if the price confirms support within this zone, we could see a bullish reversal. A successful rebound could push the pair toward the 0.89950 level, a logical target based on the recent market structure.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!
USDCHF - Sell Setup at Key Supply ZoneOANDA:USDCHF has reached a key supply zone, highlighted by strong selling interest. This area has historically acted as a resistance level, increasing the likelihood of a bearish reversal if sellers step in.
The current market structure suggests that if the price confirms resistance within this zone, we could see further downside movement. A successful rejection could push the pair toward 0.89940, a logical target based on prior price behavior and the current structure.
However, if the price breaks and holds above this resistance, the bearish outlook may be invalidated, potentially leading to further upside.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!
XAU/USD LongAs I expected from my previous post, gold is more likely to drop as it fails to make a higher high on the higher timeframe. Based on my chart, there is significant liquidity that needs to be taken out, also known as the support line. I am waiting for the Candle Range Theory to occur before entering a long position, and confirmation is needed to reduce risk.
Alright, that’s it thanks!
CORN at Key Resistance: Will Sellers Push Toward 4.4950?PEPPERSTONE:CORN has reached a significant supply zone, marked by historical price rejections and strong selling pressure. This zone has acted as resistance, suggesting the potential for a bearish reversal if sellers regain control.
The current market structure indicates that if the price confirms rejection at this supply zone, we could see a move downward toward the 4.4950 level, which aligns with the broader bearish trend.
Traders should monitor for bearish confirmation signals, such as bearish engulfing candles or strong rejections at this resistance zone, before considering short positions.
AUDCAD at Key Support Level – Rebound Toward 0.90000?OANDA:AUDCAD has reached a significant support zone, marked by prior price rejections and strong buying pressure. This area has historically acted as a key demand zone, indicating the potential for a pullback if buyers regain control.
The current market structure suggests that if the price confirms a rejection from this support zone, there is a high likelihood of an upward move. I anticipate that if rejection occurs, the market may head higher toward the 0.90000 level, which represents a logical target within the current market structure. However, a break below this support level would invalidate the bullish bias and could lead to further declines.
This setup reflects the potential for a retracement after an impulsive move, supported by the confluence of previous price behavior and the current structure.
If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
FRA40 Trending Higher – Bullish Continuation Toward 8,445PEPPERSTONE:FRA40 is currently trading within an ascending channel, indicating a strong bullish structure. The price has broken above a key resistance zone 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 8,445 level, which aligns with the upper boundary of the channel. 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! 🚀
SPAIN35 Bullish Momentum in Play — Targeting 13,700FUSIONMARKETS:E35 is trading within a clearly defined ascending channel, with the price maintaining strong bullish momentum. This suggests the uptrend may continue, with the upper channel boundary serving as a potential target.
A short-term pullback could present an entry opportunity if buyers show strength through bullish candlestick patterns like a bullish engulfing or hammer formation, potentially driving the price toward the 13,700 level.
However, a break below the channel's lower boundary would invalidate the bullish outlook and may indicate a shift in market direction.
Remember, always confirm your setups and trade with solid risk management.
Best of luck!
STOXX50: Maintains Bullish Momentum - Is 5,688 the Next Target?ICMARKETS:STOXX50 remains within a well-defined ascending channel, with the price showing a rebound from the midline of the channel. This suggests a continuation of the uptrend, targeting the upper channel boundary.
A short-term pullback could offer a potential entry opportunity. If buyers step in and confirm strength through candlestick patterns like bullish engulfing or hammer formations, momentum could drive price higher toward the 5,688 level.
A breakdown below the channel's lower boundary, however, would invalidate the bullish outlook and signal a potential shift in market direction.
Remember, always confirm your setups and trade with solid risk management. Best of luck!
GER40 in a Strong Uptrend - Will Buyers Push Toward 23,225?PEPPERSTONE:GER40 continues to show strong bullish momentum, supported by a well-defined ascending trendline and sustained buying pressure. Recent price action indicates that buyers remain in control, reinforcing the potential for a continued move toward the 23,225 level.
A pullback toward the trendline could provide an opportunity for buyers to step in, maintaining the overall bullish trajectory. As long as the price remains above this key support, the uptrend is likely to continue.
If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
EURNZD – Bullish Continuation Toward 1.86640OANDA:EURNZD is currently trading within an ascending channel, maintaining a strong bullish momentum. The price has broken above a key resistance zone and may now be pulling 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 1.86640, which aligns with the upper boundary of the channel. 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! 🚀📈
USDJPY - Bullish Continuation in Play?OANDA:USDJPY currently trading within an ascending channel, indicating a prevailing bullish trend. The pair has broken above a key resistance zone and may now pull 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 151.700 level, which aligns with the upper boundary of the channel. 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! 🚀
GBPNZD - Bullish Continuation in Play?OANDA:GBPNZD is currently trading within an ascending channel, indicating a strong uptrend. The price has broken above a key resistance zone and may now be pulling 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 2.26160, which aligns with the upper boundary of the channel. 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! 🚀📈