Market Overview: Major Currency Pairs - Week 9/2025(February 24,Market Overview: Major Currency Pairs - Week 9/2025(February 24, 2025 - March 3, 2025)
📉 USDCAD
🔗 Link to chart:
📊 Active Price Range: 1.429 - 1.404
📉 Main Trend: Swing SELL D1
⚙️ Setup: Sell H1-D1, waiting for trading signals from Rainbow Sniper
💴 USDJPY
🔗 Link to chart: TradingView
📌 Current Status: USDJPY is in a SELL trend. The SELL signal has been active for multiple weeks, and the downtrend remains strong. If no position has been taken, any new trades should only be short-term scalping due to increased sensitivity to losses from price corrections.
📊 Active Price Range: 151-152 - 142
📉 Main Trend: Swing SELL W
⚙️ Setup: SELL H1-D1 and SELL H4-W, waiting for trading signals from Rainbow Sniper
💵 USDCHF
🔗 Link to chart: TradingView
📊 Active Price Range: 0.8899 - 0.9589
📈 Main Trend: BUY
⚙️ Setup: BUY H1-D1, waiting for trading signals from Rainbow Sniper
💷 GBPUSD
🔗 Link to chart: TradingView
📌 Current Status: GBPUSD was in a corrective upward movement last week on D1 but has not yet confirmed a SELL on D1 based on Rainbow Sniper. This week, GBP is expected to continue its upward move on D1 before looking for a Swing SELL signal.
⚙️ Setup: Scalping BUY H1-D1, waiting for Swing SELL H1-D1 and SELL H4-W, waiting for trading signals from Rainbow Sniper
💶 EURUSD
🔗 Link to chart: TradingView
📌 Current Status: Similar to GBP, but the BUY momentum is weaker than GBP. The pair is still in a corrective BUY phase on D1, which was not completed last week and is expected to continue this week before waiting for a Swing SELL signal.
⚙️ Setup: Scalping BUY H1-D1, waiting for Swing SELL H1-D1, waiting for trading signals from Rainbow Sniper
🇦🇺 AUDUSD
🔗 Link to chart: TradingView
⚙️ Setup: Scalping SELL H1-D1, waiting for trading signals from Rainbow Sniper
🇳🇿 NZDUSD
🔗 Link to chart: TradingView
📌 Current Status: NZD and AUD have some remaining BUY momentum, but NZD has enough tolerance to execute the BUY movement before transitioning to a SELL setup.
⚙️ Setup:
🔼 Scalping BUY H1-D1
🔽 Scalping SELL H1-D1 (after completing the BUY phase)
USDJPY
Heading into 61.8% Fibonacci resistance?USD/JPY rising towards the resistance level which is an overlap resistance that lines up with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 150.06
Why we like it:
There is an overlap resistance level that lines up with the 61.8% Fibonacci retracement.
Stop loss: 151.31
Why we like it:
There is an overlap resistance level.
Take profit: 148.17
Why we like it:
There is a pullback support level.
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Gold - 1H TF BULLISHEven though mid term we're bearish on Gold, I still cannot ignore the fact there is a lot of pending LQ on Gold around the ATH. Also, as it's a new month, the new monthly candle requires some liquidity from the upside before it can drop.
On the 1H TF I'll be targeting small zones for buys & once price reaches that zone, I can monitor for any possible rejections back down, or possible further upside. TARGET 1: $2,903📈
Dollar vs. Yen - Long Term Swing Trading Idea - 08-th Jan 25'USDJPY from 20-th Dec' 2024 to 6-th Jan 2025 created A-B-C-D-E formation which is 4-th wave.
Then from 156.25 area till 158.55 created 5 waves and finished the trend.
Our expectations for the next few days are the price to retrace at least 250 pips till zone of 156.00 and there will find support. Long term idea is to reach 153.00 level in period of one month.
EURUSD is at weakest and creating a swing low at levels over 1.0250-1.0300. If EURUSD bounce back to 1.0600 that will confirm the USDJPY trading idea for weaker dollar in next few weeks.
Trading idea parameters are as follows.
Entry: 158.50
Stop 159.50
Target 153.20
USDJPY Bearish Momentum - Will It Reach 147.640?OANDA:USDJPY is currently trading within a descending channel, indicating a strong bearish structure. The price has broken below a key support zone and may now pull back for a potential retest. This level previously acted as support and could now serve as resistance, aligning with a possible bearish continuation.
If sellers confirm resistance at this zone, the price is likely to move downward toward the 147.640 target. However, a failure to reject this level could indicate a potential shift in momentum.
Traders should monitor for bearish confirmation signals, such as bearish engulfing candles, strong wicks rejecting the resistance zone, or increased selling volume, before considering short positions.
Let me know your thoughts or any additional insights you might have!
USDJPY Will Go Lower! Sell!
Here is our detailed technical review for USDJPY.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 148.992.
The above observations make me that the market will inevitably achieve 147.011 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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Usdjpy sell zoneThis is a USD/JPY (U.S. Dollar/Japanese Yen) 1-hour timeframe technical analysis from FXCM, indicating a sell trade setup with the following details:
1. Resistance Level: Identified around 149.546, marked in yellow. This is the level where price is expected to face selling pressure.
2. Entry Point: Around 148.990, which aligns with a key resistance zone.
3. Target Level: 147.459, representing the expected price drop where traders may take profit.
4. Market Outlook: The analysis suggests a bearish setup, expecting price rejection from the resistance zone and a downward move toward the support level.
5. Price Action Strategy: The price is likely to consolidate near resistance before making a decisive move downward.
This setup signals a potential short (sell) opportunity, anticipating that USD/JPY will decline after hitting resistance, making it favorable for sellers.
USDJPY Short Idea - 4H ChartThe USDJPY pair is currently facing resistance at a key supply zone near 150.90 - 151.10, aligning with previous structural resistance and a 200 EMA rejection. The price recently made a lower high within a downtrend, indicating further bearish momentum.
Trade Setup:
🔹 Entry: Look for bearish confirmation in the 150.90 - 151.10 supply zone.
🔹 Stop Loss: Above 151.20, beyond recent highs to avoid stop hunts.
🔹 Target: The next demand zone around 148.80 - 149.00, a key support area tested previously.
The bias remains bearish as long as price stays below the 200 EMA and fails to break the resistance zone. A rejection from this level could lead to a continuation of the current downtrend.
📉 Watch for: Rejection patterns, bearish engulfing candles, or confirmation from lower timeframes before entering a short position.
🔔 Stay patient and manage risk accordingly! 🚀
USD/JPY probability assessment of the next price movement:From analyzing the USD/JPY charts across different timeframes, here is a structured probability assessment of the next price movement:
Market Structure Overview:
Bearish Trend on Higher Timeframes (4H & 1D)
The market has been trending downward, breaking previous lows.
A clear Break of Structure (BOS) and Change of Character (ChOCH) suggest bearish control.
Discount Zones are marked, showing potential reaction areas.
Liquidity & Order Flow
Price is currently near a discount zone on the lower timeframes (15m, 30m, 1H).
Premium zones are visible on higher timeframes, meaning a retracement could happen before further downside.
Key Levels:
Resistance Zones: 151.000 - 152.000
Support Zones: 148.000 - 148.350
Equilibrium Levels: Around 150.000
Probability Scenarios:
Bearish Continuation (65% Probability)
Price is forming lower highs and lower lows.
If price fails to break above 150.000 convincingly, a further decline to 148.350 - 148.000 is likely.
BOS confirms continued bearish momentum.
Bullish Retracement (35% Probability)
If price reacts strongly at the discount area, a push toward 150.500 - 151.000 before continuing lower is possible.
Confirmation required: A higher low formation and BOS in lower timeframes (15m, 30m).
Trading Plan:
Short (Sell) Plan - Higher Probability
Entry: Around 149.500 - 150.000 (If price shows rejection)
Confirmations Needed: Rejection from supply zone + bearish price action (e.g., bearish engulfing)
Stop Loss: Above 150.500
Take Profit: 148.350 (1st target), 148.000 (2nd target)
Risk-to-Reward: 1:3
Long (Buy) Plan - Lower Probability
Entry: 148.350 - 148.000 (If price shows bullish reaction)
Confirmations Needed: Strong bullish candles + BOS on lower timeframes
Stop Loss: Below 147.800
Take Profit: 150.000 (1st target), 151.000 (2nd target)
Risk-to-Reward: 1:3
Final Summary Table
Scenario Probability Key Level to Watch SL TP
Bearish Continuation 65% 149.500 - 150.000 150.500 148.350 - 148.000
Bullish Retracement 35% 148.350 - 148.000 147.800 150.000 - 151.000
📌 Conclusion: The market remains bearish unless a strong reversal structure forms. Best trade is to wait for a short entry around 149.500 - 150.000 and target 148.350 first. A bullish move is possible but needs confirmation. 🚀
Fundamental Market Analysis for March 4, 2025 USDJPYEvent to pay attention to today:
16:15 EET. JPY - BOJ Governor Kazuo Ueda Speaks
USDJPY:
On Tuesday, the Japanese yen (JPY) strengthened for the second consecutive day, reaching a multi-month high against the US dollar (USD) last week. The Bank of Japan's (BoJ) hawkish policy outlook continues to support the JPY, while concerns over the economic consequences of US President Donald Trump's tariff policy have led to a decrease in investor appetite for risky assets and contributed to the yen's strength.
Trump's threats regarding Japan's currency depreciation, as well as the low dynamics of US dollar (USD) prices, are other factors exerting downward pressure on the USD/JPY pair. JPY bulls have not been affected by weak macroeconomic data from Japan, which showed an unexpected rise in the unemployment rate and a drop in corporate capital spending for the first time in three years. This suggests that the yen's value may continue to rise.
Trade recommendation: SELL 149.000, SL 149.800, TP 148.200
USDJPY: Bears Will Push Lower
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the USDJPY pair which is likely to be pushed down by the bears so we will sell!
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USDJPY BuyUSDJPY Trade Signal
📉 Pullback & Potential Reversal
Price Level: 150.41
Support Zone: 148.37 - 149.98
Resistance Targets: 152.06 / 154.00
📌 Trade Plan:
Wait for a pullback confirmation before entering long.
Stop Loss: Below 148.37
Targets: 152.06 → 154.00
⚠️ Risk Management: Control risk and wait for a clear breakout.
USD/JPY testing THIS key resistance ahead of US dataAfter rising in the last three sessions, the USD/JPY was up again today, testing a key resistance area between 151.00 to 151.35. This is a massive resistance zone, having previously provided support. With Japanese yields on rise again, I wouldn't be surprised if the UJ were to resume lower from here. If so, watch for a possible bounce at 150.00. If 150.00 then gives way decisively, we could see a new low below the double bottom low of 148.65ish. The key risk to this bearish forecast if the upcoming US economic data today and later this week, with ISM Manufacturing PMI up next.
By Fawad Razaqzada, market analyst with FOREX.com
USDJPY - Potential upside from here?USD/JPY is currently consolidating within a range after a sharp downtrend from the 159.00 level. The price has established support around 148.50-149.00, forming a clear pattern. We're now waiting for a decisive break above the current consolidation area, which would signal renewed bullish momentum.
Once we see this breakout, expect a minor retracement to retest the broken resistance as new support – this will be our key buying opportunity. With the descending trendline already broken and the forecast indicating potential upside to the 154.00 area, traders should focus on buy positions following this retracement, with stops below the support zone.
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! 🚀
USD/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are going short on the USD/JPY with the target of 148.031 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
✅LIKE AND COMMENT MY IDEAS✅
USDJPY Weekly SetupFor the past few weeks, this pair has been on a bearish trajectory, and I do anticipate that the momentum will continue.
The targets are;
1. 150.93 ~ This is the lows of the past 2 previous weeks.
2. 149.6 ~ This is the Weekly Bullish Order Block
3. 148.7 ~ Another sellside liquidity formed in December.
The daily and 15 minute timeframe will give us the best entry and stop loss for this pair.
EUR/USD Bearish Outlook – Key Levels & Trade Setups📊 Technical Analysis EUR/USD
Timeframe: Likely Weekly (1W)
Current Price: ~1.0416
📉 Bearish Context:
Key Resistance: 1.05290
This zone has been tested multiple times without a breakout, indicating strong selling pressure.
It aligns with a liquidity area visible in the red rectangle.
Also near the yellow moving average (likely 50 or 100 periods), acting as dynamic resistance.
Key Support: 1.02838
Marked in blue as a potential short-term target.
A level that previously provided support and may attract buyers again.
📉 Current Scenario:
The price has rejected the 1.0529 resistance with a strong bearish candle.
A breakdown from the gray zone suggests a potential continuation downward.
If selling pressure persists, the 1.02838 target could be reached.
📈 Potential Trading Strategies:
🔻 Short Scenario (Bearish Bias):
Entry: Below 1.0430 after confirmation with a daily bearish close.
Target 1: 1.02838
Target 2: Below 1.0200 (depending on price action).
Stop Loss: Above 1.0500 (to avoid false breakouts).
🔼 Long Scenario (Less Likely Bullish Setup):
Entry: Confirmed bounce above 1.02838 with a strong reversal candle.
Target: Retest of 1.0529, with a stop below 1.0280.
📌 Final Considerations:
The current structure favors a short-term bearish continuation.
Key areas (support and resistance) will be crucial for the next move.
Watch for macroeconomic data and volatility, as they could impact the trend.
Could the price drop from here?USD/JPY is reacting off the pivot and could drop to the 1st support which is a pullback support.
Pivot: 151.18
1st Support: 147.17
1st Resistance: 154.79
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