Euro can bounce from support line of channel and continue growHello traders, I want share with you my opinion about Euro. A few days ago, the price entered a downward channel, breaking through the 1.0520 level, which aligned with the seller’s zone, and continued its decline. Shortly after, it dropped even lower but quickly rebounded, almost reaching the resistance line of the channel before falling back to the support line, breaking the 1.0285 level. Following this move, the price once again climbed to the resistance line but then swiftly dropped back before making a strong upward push, breaking the 1.0285 level and exiting the channel. After that, the Euro rallied toward the resistance level but soon pulled back into the buyer’s zone, forming a strong gap. From there, the price began moving inside an upward channel, rising to the resistance level, making a brief correction, and then climbing back to resistance. However, after this move, the Euro reversed and started to decline. Given this setup, I expect the price to reach the support line of the channel before continuing its upward movement within the channel, potentially breaking the resistance level. If this scenario plays out, I have set my TP at 1.0600 points. Please share this idea with your friends and click Boost 🚀
USD
EURUSD 26 Feb 2025 W9 - Intraday AnalysisThis is my Intraday analysis on EURUSD for 26 Feb 2025 W9 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment
4H Chart Analysis
15m Chart Analysis
Market Sentiment
Today economic news:
No Major economic news scheduled today.
The market still in the same sentiment detailed in my Weekly Analysis . Below a summary:
Short-Term Bias: Cautiously bullish for EUR/USD, driven by optimism over delayed tariffs, geopolitical progress, and hopes for softer inflation.
Key Risks:
A hot PCE report reviving Fed hawkishness.
Sudden tariff escalations or breakdowns in peace talks.
4H Chart Analysis
1️⃣
🔹Swing Bullish (Reached Swing Extreme Demand)
🔹INT Bearish (Reached Extreme Supply)
🔹INT-INT Bullish (Reached EQ (50%)
🔹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 (Previously I’d the following 2 scenarios where now I favors the 2nd scenario due to the impulsive nature of the move):
Scenario 1: Pullback for Bearish INT Structure and with the recent Bearish CHoCK and Minor Demand zones are failing, I 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. Which requires to have Demand holding and Supply failing. The first sign required to confirm this scenario will be the current Demand which price is currently at to hold and we form a Bullish CHoCH. (Pro Swing – Counter Internal)
🔹With this week open, price continued Bullish as expected and created another ii-BOS after which price started PB for the ii-BOS and reached the recent Demand which we could see the next Bullish move from.
3️⃣
🔹Still expectation is set to continue Bullish targeting the Weak Swing High as long LTFs holds Bullish structures. Also, In my mind I’m not neglecting the current Bearish 4H INT structure and we already reached that structure extreme.
15m Chart Analysis
1️⃣
🔹Swing Bullish
🔹INT Bullish
🔹Reached Swing EQ (50%)/Discount
🔹Swing Continuation Phase
2️⃣
🔹After the 15m Bullish BOS, price initiated the Swing PB Phase.
🔹Price reached the 15m Swing EQ (50%) and turned Bullish after the INT structure changed to Bullish iBOS indicating that the Swing PB maybe over and we are currently starting the Swing Bullish continuation Phase.
🔹As price continued Bullish yesterday with Bullish iBOS. Currently with the recent iBOS we started the pullback and reached the INT structure extreme Demand where price can start the INT structure Bullish continuation and target the Weak INT High and ultimately the Weak 15m Swing High.
🔹If price failed to hold the INT structure Bullish and Turned Bearish, there is a high probability that we will continue Bearish based on the DXY PB Phase on 4H (PB after Bearish iBOS) and price may target the Strong 15m Swing Low.
3️⃣
🔹Expectations is set to continue Bullish with the 15m / 4H INT & Swing are all Bullish while also cautious about the possibility of price to turn Bearish iBOS.
Dollar weakens amid growing economic uncertainty
Persistent tariff threats from the Trump administration and rising concerns over the U.S. economy are weighing on the dollar. Trump reaffirmed his commitment to implementing tariffs on Mexico and Canada according to schedule and reiterated the need for reciprocal tariffs. Meanwhile, weak consumer confidence data further rattled investor sentiment, as the February CB Consumer Confidence Index plunged to 98.3 from 105.3, marking its lowest level since June last year.
In Japan, accelerating inflation increases the likelihood of a BoJ rate hike. According to the Ministry of Internal Affairs, Japan’s January CPI rose 3.2%, the largest increase since June 2023. Bloomberg noted that with Japan's inflation among the highest in the G7, the BoJ may continue scaling back stimulus and shifting toward a more restrictive policy stance.
After breaking below the ascending trendline, USDJPY shows a persistent downtrend. After EMA21 death-crossed EMA78, it widens the gap and reinforces the bearish momentum. If USDJPY breaks below the support at 148.20, the price could extend its decline toward 145.00. Conversely, if USDJPY tests the resistance at 150.80, it may gain upward momentum toward 153.40.
MASSIVE Bull Run Pending for Gold!!!Been looking for this drop! Waiting for a great entry for a bullish swing. Price looks like it might have made lows right at a H4 Gap but there is a larger one lower that I want to wait and see if they go for. I'm just not interested in a Long until I see price sweep the recent lows first.
USD lower, yields whacked on renewed Fed-cut betsEven as recently as two weeks ago, the thought of fed cuts were in the distant past. Yet a slew of weak data from the US since Friday including two consumer sentiment reports and a surprise PMI miss has seen markets reconsider a 25bp Fed cut in June. Today I cover bond yields, the US dollar index and futures exposure to update my dollar outlook.
Matt Simpson, Market Analyst at City Index and Forex.com
GOLD (XAU/USD) – Breakout or Deeper Pullback?Hello, Traders! 👋
What are your thoughts on gold?
Gold remains in a robust uptrend, with each downturn providing a buying opportunity inside the trend.
The ideal strategy at this point is to wait patiently for a price pullback to support levels before starting a buy position.
Another method is to wait for a break above the most recent high before buying on a pullback to the broken level.
The bullish trend continues, but trades must be performed with correct risk management and confirmation indications.
What is your opinion on gold? Do you anticipate further growth?
🚀 GOLD (XAU/USD) – Breakout or Deeper Pullback? 🔥
💰 Gold Spot (XAU/USD) - 8H Chart Analysis
🔍 Market Insights:
🔹 Strong Uptrend: Gold continues to hold its bullish momentum, respecting the ascending trendline.
🔹 Key Resistance Zone: The $2,945 - $2,960 area has been acting as a supply zone (black box).
🔹 Fibonacci Support: Price recently tested the 0.236 Fib levels ($2,902 & $2,871), which align with a key demand zone (yellow box).
📈 Two Potential Scenarios:
📌 Bullish Breakout: If price holds above the trendline & reclaims resistance, we may see a breakout towards $2,980 - $3,000 🚀.
📌 Deeper Pullback: If support breaks, we could see a correction to $2,875 - $2,850 before a stronger reversal.
📊 Key Levels to Watch:
✅ Support: $2,902 - $2,871 (Fib Levels & Trendline)
✅ Resistance: $2,945 - $2,960 (Supply Zone)
💬 Do you think gold will break out or dip before the next leg up? Drop your thoughts below! 🔥👇
#gold #xauusd #forex #trading #priceaction #technicalanalysis
XAU/USD – Trendline Breakout Signals Sell!The XAU/USD Pair on the M30 period offers a potential selling opportunity due to the recent formation of a Trendline Breakout Pattern. This indicates a shift in momentum to the downside in the coming hours.
For a short trade, consider entering around the pattern's trendline.
Target levels: 2904 (first support) and 2880 (second support).
:
🚨 XAU/USD – Trendline Breakout Signals Sell! 📉
💰 Gold Spot (XAU/USD) - 30M Chart Breakdown
🔍 Key Observations:
🔹 Trendline Breakout: Price broke below the strong ascending trendline, confirming a bearish shift.
🔹 Resistance Zone: $2,942 - $2,954 acted as a rejection point, leading to a sharp sell-off.
🔹 Strong Bearish Momentum after breaking key support levels.
📉 Bearish Trade Setup:
📌 As long as price remains below $2,912, we expect further downside towards:
🎯 1st Support: $2,903
🎯 2nd Support: $2,880
📌 A break above $2,912 could lead to a short-term recovery, but overall bias remains bearish.
📊 Key Levels to Watch:
✅ Resistance: $2,942 - $2,954
✅ Support: $2,903 & $2,880
💬 Do you agree with this bearish outlook? Let us know in the comments!👇🔥
#gold #xauusd #forex #trading #priceaction #technicalanalysis
EURUSD Channel Up aiming at 1.06300.EURUSD is trading inside a Channel Up on the 1hour time frame.
The two previous bullish waves both topped on a +2.27% rise.
Having made a new low on February 19th, we are now on the 3rd bullish wave.
We expect a symmetric +2.27%, based also on the identical 1hour RSI it shares with the previous 2 bullish waves.
Buy and target 1.06300 (top of Channel Up at +2.27%).
Previous chart:
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Gold Wave 5 Bull Complete?! (UPDATE)HUGE, HUGE drop of 650 PIPS today on Gold! Price action has been beautiful. Completion of Wave 5 of the EW Theory, followed by a much needed correction.
I’ll be keeping an eye as Gold has now rejected a minor support zone of $2,889. I’ll keep you updated if further upside can resume.
Falling towards overlap support?NZD/USD is falling towards the support level which is an overlap support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.5692
Why we like it:
There is an overlap support level that aligns with the 50% Fibonacci retracement.
Stop loss: 0.5664
Why we like it:
There is a pullback support level that lines up with the 61.8% Fibonacci retracement.
Take profit: 0.5745
Why we like it:
There is a pullback resistance level.
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Could the Aussie bounce from here?The price is reacting off the support level which is an overlap support ad could bounce from this level to our take profit.
Entry: 0.6324
Why we like it:
There is an overlap support level that lines up with the 50% Fibonacci retracement.
Stop loss: 0.6301
Why we like it:
There is a pullback support level that lines up with the 61.8% Fibonacci retracement.
Take profit: 0.6373
Why we like it:
There is a pullback resistance level that lines up with the 61.8% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bullish rebound off overlap support?USD/CHF is falling towards the support level which is an overlap support that lines up with the 161.8% Fibonacci extension and the 78.6% Fibonacci projection and could bounce from this level to our take profit.
Entry: 0.8902
Why we like it:
There is an overlap support level that lines up with the 161.8% Fibonacci extension and the 78.6% Fibonacci projection.
Stop loss: 0.8849
Why we like it:
There is a pullback support level.
Take profit: 0.8968
Why we like it:
There is a pullback resistance level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Potential bullish rise?USD/CAD is falling towards the support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.4242
Why we like it:
There is a pullback support that lines up with the 50% Fibonacci retracement.
Stop loss: 1.4162
Why we like it:
There is a pullback support level.
Take profit: 1.4355
Why we like it:
There is an overlap resistance level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
GOLD Analysis | Bearish Momentum Strengthens Below ATH 2954GOLD Analysis | February 25, 2025
🔸 Bearish Momentum Strengthens Below ATH (2954) and 2935
Gold is exhibiting bearish momentum, having already stabilized below the all-time high (ATH) of 2954. The price is now trying to touch 2918.
📉 While below 2935 will touch 2918 and If a 4H or 1H candle closes below 2918, this could trigger a strong bearish continuation toward 2906 and 2895.
📌 However, if the price closes a 4H candle above 2918, the market is likely to remain volatile between 2918 and 2935 before confirming the next move. 4h candle above 2935 will be sensitive to 2945.
Key Levels:
Resistance Levels: 2945, 2954, 2975
Pivot Point: 2935
Support Levels: 2918, 2906, 2895
✅ Bias: Bearish as long as the price trades below 2935, with confirmation needed below 2918 for further decline.
USDJPY Potential DownsidesHey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 149.600 zone, USDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 149.600 support and resistance area.
Trade safe, Joe.
XAU/USD (Gold) Trendline Breakout (21.02.2025)The XAU/USD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Trendline Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 2904
2nd Support – 2880
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EUR/USD at a Crossroads: Will Trade Tensions Push It Lower? EUR/USD has been struggling to maintain momentum above the 1.0500 mark, facing renewed selling pressure as macroeconomic and geopolitical factors influence sentiment. With the US Dollar regaining strength and concerns about European economic stagnation growing, the pair remains vulnerable to further downside.
Technical Analysis:
Resistance Levels: 1.0532 (January 27 high), 1.0629 (December peak), 1.0744 (200-day SMA).
Support Levels: 1.0405 (55-day SMA), 1.0282 (February 10 low), 1.0209 (February 3 low), and 1.0176 (January 13 YTD low).
Indicators: The Relative Strength Index (RSI) is near 55, indicating modest momentum, while the Average Directional Index (ADX) remains around 15, suggesting a weakening trend.
Moving Averages: The 200-day SMA at 1.0744 serves as a key dynamic resistance, while the 55-day SMA at 1.0405 acts as interim support.
Fundamental Analysis:
Several key fundamental factors are exerting downward pressure on EUR/USD:
Trade Policy Uncertainty: While US tariff tensions have temporarily eased, lingering trade disputes, including a 10% duty on Chinese imports and potential EU-targeted tariffs, keep investors cautious.
Diverging Central Bank Policies: The Federal Reserve remains firm on keeping interest rates elevated, while the European Central Bank has begun rate cuts, signaling weaker economic confidence in the Eurozone.
Economic Growth Divergence: The US economy continues to show resilience with robust labor markets and stable inflation, while the Eurozone faces stagnation and potential contraction, particularly in Germany.
European Political Risks: Uncertainty in Germany and wider Eurozone economic struggles add to the Euro’s bearish outlook, making it less attractive compared to the US Dollar.
The EUR/USD pair is at a critical juncture, with key support levels in focus. Trade policies, central bank divergence, and economic growth disparities continue to drive market sentiment. This week is pivotal for the Eurozone, with key economic data releases culminating in Friday’s PMI figures, which could determine the pair’s next major move. Traders should remain cautious and closely monitor both technical and fundamental developments.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
Bitcoin's Unbalanced move with the US electionsThe overall trend is still bullish, but the market needs to rebalance at $86,686 before it can push to new highs. Right now, the price action is not respecting bullish structure and is moving sideways in a consolidation phase.
The market does not move in a straight line. Every strong move needs to be balanced before continuing. The price left behind inefficiencies during the last expansion, and the market seeks to correct these before the next leg up. Liquidity is key. Right now, there is an imbalance that needs to be filled, and resting liquidity below must be taken before the market can resume its upward trend.
Smart money is not buying at current levels. They need better pricing and the market naturally moves to levels where institutional interest is highest. That level is around eighty-six thousand six hundred eighty-six, where a large amount of liquidity is positioned. The market is likely to dip into this level, take out weak-handed buyers, and trap sellers before pushing higher.
A ten percent drop from here would bring the price into that area, where real accumulation can take place. Until then, any short-term rallies are likely to be liquidity grabs rather than true continuation.
Please do not forget that this is a daily chart and we can see more liquidity grabs before reaching the target. This is an idea and nothing in the future is certain. With unexpected news we can see unexpected moves.
COINBASE:BTCUSD INDEX:BTCUSD BINANCE:BTCUSD KRAKEN:BTCUSD BINANCE:BTCUSDT BINANCE:BTCUSDT28H2025
NZDUSD Short-term Channel Up aiming higher.The NZDUSD pair has been trading within a 20-day Channel Up and today hit its 4H MA50 (blue trend-line). Last time it did (February 18), it held and initiated a rebound marginally above the 1.236 Fibonacci extension.
Given that the current pull-back is almost as strong (-1.30%) as the previous, but more importantly the 4H RSI hit its 1-month Higher Lows trend-line, we expect a rebound. Our Target is again the 1.236 Fib ext, this time at 0.57900.
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EURUSD INTRADAY sideways consolidation supported at 1.0425The EURUSD currency pair price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The recent intraday price action appears to be a sideways consolidation towards the breakout level, previous resistance, and now a new support zone.
The key trading level is at 1.0425, which is the previous consolidation price range and rising trendline zone. A corrective pullback from the current levels and a bullish bounce back from the 1.0425 level could target the upside resistance at 1.0531 followed by the 1.0562 and 1.0617 levels over the longer timeframe.
Alternatively, a confirmed loss of the 1.0425 support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 1.0374 support level followed by 1.0350 and 1.0300.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.