EURUSD Daily, H4,H1 Forecasts, Technical Analysis & Trading Idea💡 Daily Timeframe:
As forecasted by 4CastMachine AI last week, EURUSD was rejected from the channel line.
💡 H4 Timeframe:
FX:EURUSD started a corrective wave,
This decline may continue, but the support area of 1.1200 ~ 1.0890 could trigger a rebound.
This area, which was previously a major resistance, will become a major support, creating a good buying opportunity.
💡 H1 Timeframe:
The Triangle pattern formed in the price has broken downwards.
The bearish wave is expected to continue as long as the price is below the strong resistance at 1.1334
1.1334 Support is broken now. It will act as a Resistance now!
💡 H1 Forecast:
Correction wave toward the Sell Zone
Another Downward Impulse wave toward Lower TPs
H1 Trading Idea:
Sell now or wait for pullback and Sell on price rejection from 1.1334.
SL: Above 1.1334
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Technical Analysis
ETH/USDT Breaks Uptrend – Key Retracement Zone in PlayETH/USDT has broken its recent uptrend and is now entering a correction phase, approaching a key retracement zone around the $1,630 level. This area has acted as strong support in the past and could become a critical decision point for price action. If the level holds, it may trigger a continuation of the broader bullish trend. However, a breakdown below this zone could open the door for a deeper pullback. Monitoring closely for confirmation and market reaction.
Trade safe, Joe.
FUN/USDT In an Uptrend, Watching for Correction at Key SupportFUN/USDT has been in a solid uptrend, but we are now seeing a correction phase. The price is approaching a critical support zone around 0.007460, where previous price action has shown both support and resistance. This level is important to watch, as it could provide a potential buying opportunity if price reacts here. A break below could suggest further downside, but if support holds, a bounce toward the recent highs is possible. Monitoring closely for confirmation at this key level.
GBP/JPY Awaits a Bearish BreakoutFenzoFx—GBP/JPY trades slightly above the 50-period SMA at 188.4, but the trend remains bearish below the 50.0% Fibonacci resistance level. The Stochastic Oscillator signals an overbought state, suggesting short-term pressure.
A downtrend may resume if GBP/JPY closes below 187.6, targeting 186.0. Conversely, a break above 190.2 resistance could extend momentum to 192.0.
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What Goes Up Must Come Down – Gold on the Edge?After a parabolic run to new highs, gold is flashing signs of exhaustion.
📌 Price is hugging the upper Bollinger Band on the daily chart.
📌 RSI is in overbought territory (currently around 68.2) — similar to previous local tops.
📌 We're forming a steep, almost unsustainable channel — historically, these tend to break hard when they do.
If we see a break below $3,086 and lose that trendline, eyes shift to:
🔻 $2,932 — key support
🔻 $2,787 — prior breakout retest
🔻 $2,532 — long-term trendline support
Still bullish long-term, but short-term? A pullback might be healthy.
🛑 Risk Disclaimer
This is not financial advice. Trade responsibly and use proper risk management.
Gold Market Outlook: Key Risks and Opportunities Ahead 📌 Gold Market Outlook: Key Risks and Opportunities Ahead 💰📉
🔍 Current Trend and Short-Term Risk
Gold continues to exhibit strong bullish momentum, although minor corrections remain possible in the short term. A key driver for sustaining the uptrend will be the strength of buyers at support zones like 3196 and 3204.
However, if the market fails to hold above 3135, we could see a deeper retracement. In such a case, a drop toward the 311x region could offer an attractive buying opportunity — particularly if bullish price reactions are confirmed near that level.
🧭 Key Levels to Watch
3135 Support: A break below this zone with strong momentum could signal potential bearish continuation. Any move toward 311x should be closely monitored for a bullish reversal setup.
311x Zone: If price pulls back to this range and we observe reaction or rejection, it could present a high-probability buy opportunity to rejoin the broader uptrend.
🌍 Impact of a Quiet News Week
With no major economic releases on the calendar, market direction will likely be determined by volume flows and price action near key technical zones. Areas such as 3195, 3204, and 3245 will be pivotal in shaping short-term sentiment.
Traders should remain attentive to how price behaves around these levels, especially during London and New York sessions where most volume is concentrated.
🛠️ Tactical Plan for the Week
Asian & European Sessions Focus: Look for momentum plays or reaction signals at key intraday support levels (e.g. 3196). Sharp pullbacks may offer buy setups with solid risk/reward ratios.
Sell Scenarios at Resistance: If price breaks above 3245 with weak follow-through and fails to hold, that could provide an opportunity for tactical short entries — but only with confirmation via volume or rejection patterns.
Stick to Your Plan: Despite the current volatility, it’s critical to adhere to your strategy. Avoid emotional trades, always manage risk, and respect your TP/SL levels.
💡 Conclusion
Gold remains in a strong upward trend with active buyers around key support zones. While short-term pullbacks are expected, they could offer new opportunities to scale in.
Stay patient, trade with discipline, and let the market offer confirmation before committing to a position. Even in a quiet news environment, well-prepared traders can take advantage of high-quality setups by focusing on structure and risk management.
XAU/USD Weekly Outlook Liquidity Grab Before Next Move📌 XAU/USD Weekly Outlook: Range-Bound Behavior Hints at Potential Liquidity Grab Before Next Move 💰📊
Gold (XAU/USD) is currently consolidating within a broad 30-point price channel between 3,216 and 3,246. Price action shows clear indecision, as bulls and bears wrestle for control without confirmation of a breakout or breakdown.
While the overall trend remains bullish, momentum has softened compared to last week. Technical indicators are signaling overbought conditions, and a deeper liquidity sweep is becoming increasingly probable. Traders should remain patient and watch for clearer signals during the upcoming European session.
🔍 Market Structure Highlights
Upside Barriers: 3,246 (ATH), 3,255, 3,268, 3,285, 3,302
Downside Supports: 3,216, 3,195, 3,172, 3,152, 3,120
📈 Trade Opportunity Zones
Potential Long Setup:
Buy Zone: 3,172 – 3,170
Stop Loss: 3,166
ls: 3,176 | 3,180 | 3,184 | 3,188 | 3,192 | 3,196 | 3,200
Potential Short Setup:
Sell Zone: 3,268 – 3,270
Stop Loss: 3,274
Target Levels: 3,264 | 3,260 | 3,256 | 3,252 | 3,248 | 3,244 | 3,240
🧭 Weekly Strategy Insight
With no significant economic data on the calendar this week, price movements will likely be driven by intraday liquidity and order flow. Focus should be placed on the London and New York sessions, where volume tends to peak and directional bias becomes more evident.
Current market behavior suggests that a fake-out or liquidity trap could develop before the next significant move. Traders are advised to avoid chasing price and instead wait for optimal entries at key zones.
⚠️ Risk Reminder
Even in the absence of major news, volatility remains elevated. Always execute trades with a solid risk plan and predefined TP/SL levels. Protect your capital first — the opportunities will come with patience and discipline. 🛡️
TradeCityPro | AVAXUSDT Watch the Altcoins!👋 Welcome to TradeCityPro Channel!
Let’s dive into the analysis of one of my favorite coins, which is likely to make a move this week. Let’s break it down and take a closer look together!
🌐 Overview Bitcoin
Before starting the analysis, I want to remind you again that we moved the Bitcoin analysis section from the analysis section to a separate analysis at your request, so that we can discuss the status of Bitcoin in more detail every day and analyze its charts and dominances together.
This is the general analysis of Bitcoin dominance, which we promised you in the analysis to analyze separately and analyze it for you in longer time frames.
📊 Weekly Timeframe
On the weekly timeframe, the AVAX chart is one of the smoothest and most technical charts I’ve seen—support and resistance levels work like a charm, and price patterns are fairly predictable.
After getting rejected at the key resistance of 53.62—a historically significant level—sellers stepped in, pushing us into a deep correction. The failure to break this level was partly because we didn’t enter overbought territory on the weekly chart.
For buying, the weekly chart is currently very bearish, so jumping in now isn’t logical. However, a break above 53.82 would be our most reliable trigger for an upward move. For exiting, if we drop below 21.02, I’d personally cash out. If we climb back above 21.02, I’d buy again—this time with fewer AVAX but the same USDT amount to manage risk.
📉 Daily Timeframe
In the daily timeframe, after a rejection at 53.96 that led to a correction, it seemed likely we’d test this resistance again. However, after the rejection, we broke below 44.21, forming a price range box.
Right now, we’re not paying much attention to resistance levels. Our trendline is showing lower highs but flat lows, indicating that our movement is driven by the trendline rather than traditional support and resistance.
With that in mind, a break of the trendline could spark a move, but we still need a trigger. The 22.71 level is our breakout trigger—not just a resistance. If we break it, we could enter a buy with a risky stop loss at 16.00. Confirmation would come from a spike in volume. For selling, if we get rejected at the trendline and break below 16.00, I’d personally exit.
✍️ Final Thoughts
Stay level-headed, trade with precision, and let’s capitalize on the market’s top opportunities!
This is our analysis, not financial advice—always do your own research.
What do you think? Share your ideas below and pass this along to friends! ❤️
#NIFTY Intraday Support and Resistance Levels - 16/04/2025Today will be slightly gap up opening expected in nifty. After opening if nifty sustain above 23300 level then possible upside rally upto 23500 in opening session. This rally can be expected for further 200+ points in case nifty gives breakout and starts trading above 23550 level. Any major downside only expected below 23250 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(16/04/2025)Today will be gap up opening in banknifty. After opening if banknifty starts trading above the 52550 level then this bullish rally can goes upto 52950 level in opening session. This can be extend for further 400-500+ points in case banknifty gives breakout of 53000 level and sustain above 53050 level. 52950 level will act as a resistance for today's session. Any reversal can gives downside movement upto 52550 level. Any major downside only expected below 52450 level.
EURGBP Potential downsidesHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.86000 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.86000 support and resistance area.
Trade safe, Joe.
AUDUSD: Detailed Support & Resistance Analysis 🇦🇺🇺🇸
Here is my latest structure analysis for AUDUSD
for this week.
Resistance 1: 0.6385 - 0.6430 area
Resistance 2: 0.6455 - 0.6470 area
Resistance 3: 0.6518 - 0.6560 area
Support 1: 0.6078 - 0.6135 area
Support 2: 0.5914 - 0.5954 area
Consider these structures for pullback/breakout trading!
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
#NIFTY Intraday Support and Resistance Levels - 15/04/2025Nifty will open gap up in today's session. Expected opening above 23050 level. After opening if it's sustain above this level then possible short upside rally upto 23300+ level in opening session. 23300 level will act as an immediate resistance. Expected reversal from this level. Any further upside rally only possible above this level. Major downside expected if nifty starts trading below 23000 level in today's session.
EurUsd Trade IdeaI'm anticipating a sell on EU at 1.14165 or probably 1.14263.
First draw on Liquidity 🧲 is 1.12458
While I'm expecting the price to reach a monthly level of 1.11345 that just got broken to the upside, resting in an H4 Fvg to fill the the imbalance and continue to the upside.
Kindly boost if you find this insightful 🫴
Oil slumps as demand outlook dims and supply risesMacro:
- Oil prices stay weak as trade war fears weigh on global growth and energy demand.
- The IEA cut its 2025 oil demand growth forecast to just 730k bpd, the slowest pace in five years, down from 1.03 mln.
- Meanwhile, OPEC+ output is rising, with Saudi Arabia set to boost exports to China in May and Russia maintaining steady production, fueling oversupply concerns.
Technical:
- USOIL is in a clear downtrend fueled by lower highs and lows. The price is below both EMAs, indicating persistent downward momentum.
- If USOIL closes above the resistance at 63.30, the price may retest the following resistance at 65.80.
- On the contrary, remaining below 68.30 may pave the way to retest the support at 57.25 and 53.85, respectively.
Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
Dovish ECB Meets Technical Confluence – EUR/USD at Make-or-BreakEUR/USD has been respecting a clear bearish trend structure, consistently forming lower highs and lower lows across the lower timeframes. The pair is currently in a corrective phase, retracing toward the 1.13600 zone, a critical area where the descending trendline, horizontal resistance, and prior support converge. This level could serve as a strong turning point.
Fundamentally, the euro remains under pressure as markets anticipate a dovish stance from the ECB amid subdued inflation and softening economic data. Meanwhile we should be very cautious about the dollar with the very mixed war tariffs.
A rejection at this level with confirming bearish price action could open the door for a fresh leg lower in line with the prevailing trend. I’m closely monitoring candlestick behavior and momentum signals around 1.13600 for a potential short setup.
Wed 16th Apr 2025 GBP/JPY Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/JPY Buy. Enjoy the day all. Cheers. Jim
Why This Bearish Trend Is Actually a Bullish Opportunity?Understanding the Multi Timeframe Analysis – Part 1 of 2
Have you ever felt overwhelmed when using multiple timeframes in your analysis? Not sure which timeframes to choose or how to combine them effectively?
In this post, I’ll share my thoughts on how to use multi-timeframe analysis with real chart examples.
Let’s take a look at the movement from the first red and blue arrows – we can clearly see that buyers were not in control at that point. But if we compare it to the next red and blue arrows, it’s clear that buyers took control of the market.
This tells us something important:
➡️ The recent price drop from the last red arrow is likely just a corrective move, not a reversal.
Based on the 4-hour timeframe, we can identify the corrective target zone around 0.5593 - 0.5369.
So what’s next?
In smaller timeframes like the 1-hour chart, this corrective move might appear as a short-term bearish trend. But from a higher timeframe perspective, it’s just a pullback – and that can create an opportunity for a precise entry using a strategy like bottom fishing.
In the next post (Part 2), I’ll show you how this works on the 1-hour chart – including the before and after, and how I plan my entry.
Stay tuned!
Do you usually check the bigger timeframe before taking entries? Let me know your approach in the comments.
Will Gold Retest 3170 ATHs in Sight Amid Rising Global TensionsXAU/USD has decisively broken above the significant 3170 resistance level, confirming bullish momentum and signaling a potential continuation of its long-term uptrend. This breakout is not just technical—it's backed by a growing fundamental storm.
With escalating geopolitical tensions, the ongoing trade war rhetoric surrounding Trump’s tariff policies, and persistent global macro uncertainty, gold is once again asserting its role as a premier safe haven asset. These drivers are creating the perfect backdrop for further upside, possibly pushing gold toward new all-time highs.
Currently, price is in a healthy correction phase, pulling back toward the former resistance zone at 3170, which now acts as strong support. A retest and confirmation in this area may offer a high-probability long setup for trend-followers and breakout traders alike.
BlackRock's Bitcoin ETF Can Be Unfolding A Bullish ImpulseBlackRock's Bitcoin ETF with ticker IBIT made a massive rally in 2024, which can be wave 3 of an ongoing five-wave bullish impulse. Despite the recent decline at the beginning of 2025, it's still above 42 invalidation level, and as long as it's above that level, it can be wave 4 correction, so we may still see that 5th wave this year.
The Elliott Wave Principle is a form of technical analysis that identifies patterns in market movements. A bullish impulsive wave is one of the most important and common wave structures in an uptrend. It describes how prices typically move in the direction of the main trend. A bullish impulsive wave consists of five waves labeled 1, 2, 3, 4, 5.