Market Analysis: EUR/USD (1H Chart)The EUR/USD pair is currently consolidating following a Break of Structure (BoS) to the upside, suggesting a potential shift in market sentiment. The price action indicates a corrective phase after a strong bullish impulsive move.
Key Levels:
- Resistance: **1.09322** (target zone)
- Support: **1.08622** (H1 demand zone)
- Current Price: **1.08854**
- Market Structure & Outlook :
- The price recently formed a **BoS**, signalling a possible bullish continuation.
- There is an **order block** within the highlighted demand zone, which could act as a strong support level.
- The grey risk-reward box suggests a long position setup, with a stop-loss below **1.08622** and a target near **1.09322**.
- Trading Consideration:
- If the price retests the **H1 demand zone** and shows bullish confirmation, a long position could be favourable.
- A break below **1.08622** could invalidate the bullish bias, shifting momentum to the downside.
Overall, the market is currently at a decision point, with bullish continuation likely if key support holds.
DJ FXCM Index
USDJPY S&R IN 1-H AT MUST WATCH OUTHello Guys Here Is Chart Of USDJPY in 1-H AT
Entry Level: BUY Around 148,300 - 148,000
Target Will Be : 149,300
Support: 148,000 The yellow circles highlight previous points where the price respected this trendline as support
However, if the price breaks below the trendline, the bullish scenario may be invalidated.
EURUSD Head and Shoulders triggering a sell.The EURUSD pair is about to complete a Head and Shoulders (H&S) pattern on the 4H time-frame and so far it is keeping the 4H MA50 (blue trend-line) intact. The last H&S formation we saw was completed on January 30 and it resulted in a -3.06% drop.
Given that the longer term pattern is a Bullish Megaphone with the H&S being on its top and the 4H RSI displaying the same Bearish Divergence it did in late January, we expect a similar pull-back to occur. Our Target is 1.06150, representing both a potential -3.06% drop and a contact with the 4H MA200 (orange trend-line).
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gold on bearish#XAUUSD price have reached back 3000 which is making multiple corrections there.
Now we await for any possible breakout above 3010 for bearish retracment. Sell limit 3010, take profit 2930, Stop loss 3025.
Below 2993 on H1 closure price holds strong bearish there also, or double breakout to occur.
Gold Short Setup: Double Top Rejection and Key Sell TargetsThe chart indicates a potential double-top formation near the 3005 level, suggesting a possible reversal if bearish confirmation appears. The price is testing a key resistance zone, and a rejection could lead to a decline toward the rising trendline for support. A confirmed break below this trendline might trigger further downside movement. However, a breakout above resistance could invalidate the bearish setup and signal continuation of the uptrend. Waiting for a clear confirmation is crucial before making any trading decisions.
For a short-term sell setup, potential targets:
- First target: 2,979 (initial support)
- Second target: 2,960 (if momentum increases)
If price breaks below these levels with strong bearish confirmation, then 2,940 could be the next short-term target.
The US Dollar... March has been a fantastic trading month for me so far. I'm out of drawdown and showing a half-decent profit.
This week, there is a lot happening, including interest rate decisions from the Bank of Japan, Fed, Swiss National Bank, and Bank of England.
At the moment, I'm thinking about the dollar with two minds. Based on current positive economic data and the potential of higher US inflation, I'm bullish. On the other hand, I see the potential downside of the dollar based on US uncertainty, possible US recession, and the US losing its spot as a safe-haven and stable investment environment... 🤷♂️ What do you think?
Weekly FOREX Forecast March 17-21: Wait to Sell USD, Buy Majors!This is an outlook for the week of Feb 17-21st.
In this video, we will analyze the following FX markets:
USD Index
EURUSD
GBPUSD
AUDUSD
NZDUSD
CAD, USDCAD
CHF, USDCHF
JPY, USDJPY
The structure on the majors is simple and obvious. USD looks to move higher in the short term, into a bearish FVG, and then continue its bearish ways. The EUR, GBP will take advantage and move higher. The AUD and NZD are in consolidation, so waiting for a breakout is the best course of action. The CHF should outperform thee USD.
Be mindful there is a lot of red folder news items coming up for the week ahead, to include FOMC on Wednesday.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
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Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
EURUSD: Support and Resistance Analysis for Next Week 🇪🇺🇺🇸
Here is my latest structure analysis and important
supports and resistances for EURUSD for next week.
Consider these structures for pullback/breakout trading.
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Dollar Index (DXY): Bullish Reversal is Coming?!
Dollar Index is stuck on a key daily horizontal support.
Analyzing the intraday time frames, I spotted an inverted head & shoulders
pattern on a 4H.
Its neckline breakout will be an important event that will signify a bullish reversal.
The index will continue recovering then.
Alternatively, a bearish breakout of the underlined blue support
will push the prices lower.
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EUR/USD Trade Ideas Short or Long??? News is going to be heavy!Looking for the right signals for a long, Everything is explained on the chart. If I do not get the confluences I want I will not take the trade. If price action takes out lows I'll look for liquidity, retrace, or reversal and reaccess my trade for shorts. Major news coming out for USD this week so stay frosty!
DXY SINGLING DANGER!Any Time The Dollar Gets In This Range Bad Things Happen!
With the exception of the 2008 GFC which confirmed we have entered Debt Deflation (Meaning the Gov will need to borrow more and more, faster and faster without any benefit to the real economy). A strong dollar is signaling something very bad is coming.
Gun to head I would guess something like an Asian Currency Crisis. Russian ruble & economic collapse is now a certainty! Russia has lost the war no matter what they are trying to do on the battlefield it is irrelevant as the economy is now suffering from Dutch Disease. (So Much for the BRICS fantasy!)
Most Americans believe a strong dollar is good. They are wrong. Here are a few things to know about a strong US Dollar.
1. A strong dollar weakens exports, costing American jobs as everything America made becomes more expensive to the rest of the world.
2. US Imports increase as everything internationally made becomes cheaper.
3. Acquiring USD as foreign reserves becomes much more difficult and expensive. As exporters to the US have to produce more for less $s.
4. US investment in international currency collapses, forcing inflation, rates higher making borrowing/investment in foreign economies weaker. Leading to a snowball effect.
5. Commodities are traded in USD. As such energy/food to many poor nations will become a problem as they are net importers with already limited access to NYSE:S it will be magnified.
6. Finally (I could go on but I won't you get the point) when everyone leans on one side of the boat it capsizes. Meaning when everyone is running to invest in the US & the dollar.
Techanically how high can the USD go?
-120 is likely. (hopefully not much more)
-Longer term if things get bad enough it can break all-time highs of 165 as we have this massive bottoming inverse HEAD & SHOULDERS in place. CARNAGE!
- What I hope will happen is that it hits previous recent highs of 115 and that will be it for the upside. HOWEVER!
We do have a rising structure that needs to be corrected. As such when it does correct there is a good possibility it tests previous lows.
For now, if you live in the US. enjoy dollar strength and think about how much worse inflation would have been if the $ was weakening. ))
btcusd on bearish retrace#BTCUSD price have multiple retest below 81k, now we await for next double rejection to sell.
If price touch 84200 then bearish retracment is active which will drop the price till 81k. Stop loss at 85196.
Above 85196 have bullish breakout which forms new buy to reach 88k-90k limit.
USDJPY Channel Down to make an important decision.The USDJPY pair has been trading within a Channel Down pattern since the January 10 High. During that time it technically got rejection upon every 4H MA100 (green trend-line) contact or close contact into a new Bearish Leg.
Three out of those four Bearish Legs have been -3.16% so even if a rejection does happen at the top (Lower Highs trend-line) of the Channel Down, you can still be expecting 145.350 as a Target.
If however the 4H RSI Bullish Divergence on Higher Lows prevails and causes the price to break above the Channel Down, we will accept the small loss on the short and go long instead, targeting the 2.0 Fibonacci extension at 156.000. A lower Target in that scenario can also be Resistance 2 (154.800).
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GBP/USD Channel Breakout (14.03.2025)The GBP/USD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Channel 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 – 1.2890
2nd Support – 1.2862
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GBP/USD is leaning in favor of the dollar.GBP/USD is leaning in favor of the dollar.
Since 2008, we've seen five waves down, and now a correction is forming, potentially targeting the $0.98 - $1.036 range or even lower, given the bullish outlook for the DXY.
Right now, shifting into USD seems like the smartest move.
EUR/USD Triangle Pattern (13.3.25)The EUR/USD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 1.0805
2nd Support – 1.0771
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XAG/USD (Silver) Wedge Pattern (13.03.2025)The XAG/USD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Wedge Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 32.45
2nd Support – 32.00
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$USIRYY - U.S Inflation Rate Slows More Than ExpectedECONOMICS:USIRYY 2.8% YoY
(February/2025)
source: U.S. Bureau of Labor Statistics
- The annual inflation rate in the US eased to 2.8% in February below 3% in January and market expectations of 2.9%.
On a monthly basis, the CPI rose by 0.2%, slowing from 0.5% rise in January and below market expectations of 0.3%.
Core CPI also rose 0.2% on the month and was at 3.1% on a 12-month basis, both below consensus.