Forex market
EURUSD pullbackEURUSD remains above 1,1700 on the final day of the quarter.
This week, all eyes are on the upcoming U.S. jobs data, set to be released on Thursday due to the market holiday on Friday.
Watch for a potential pullback, which could offer a new buying opportunity.
Key support levels are at 1,1635 and 1,1562.
The goal: continuation of the trend and a new high.
MarketBreakdown | EURUSD, GBPUSD, USDJPY, USDCHF
Here are the updates & outlook for multiple instruments in my watch list.
1️⃣ #EURUSD weekly time frame 🇪🇺🇺🇸
The pair is unstoppable.
The market violated a significant weekly resistance cluster last week.
It opens more growth potential after a pullback.
2️⃣ #GBPUSD weekly time frame 🇬🇧🇺🇸
In comparison to EURUSD, GBPUSD is now approaching a major
resistance area. I think that we can expect a retracement from that.
3️⃣ #USDJPY daily time frame 🇺🇸🇯🇵
The market continues a correctional movement lower.
The closest strong support that I see is based on a rising trend line.
I think that buying interest may spark again after its text.
4️⃣ #USDCHF daily time frame 🇺🇸🇨🇭
The price updated a historic low on Friday.
The next strong support that I see is based on a falling trend line.
We can expect a pullback from that.
Do you agree with my market breakdown?
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USD/JPY Consolidation Triangle – Breakout WatchThe USD/JPY pair is currently trading inside a well-formed symmetrical triangle pattern on the daily chart. This structure typically forms when the market is in a phase of consolidation, with neither buyers nor sellers able to break the range. Price is compressing between a horizontal resistance zone (~146.50) and a rising support line (~143.50), indicating that a breakout in either direction may be imminent.
This triangle has formed after a sharp downtrend, followed by a broad base formation. Such setups often precede a decisive move, especially if accompanied by volume.
🔼 Upside Breakout Scenario
If price breaks and closes above the resistance zone (above 146.50–147.00) with bullish confirmation, we can expect momentum to shift in favor of buyers. A confirmed breakout would open the path toward 150.00+, possibly even retesting the highs of 2024 near 152.00. This would be seen as a bullish reversal after a prolonged downtrend.
🔽 Downside Breakdown Scenario
Alternatively, if price fails to hold the rising trendline and breaks below the 143.00–142.50 support zone, it may confirm a bearish breakdown. This would suggest a continuation of the earlier downtrend with fresh bearish momentum targeting 140.00 and lower levels.
🧭 Trade Strategy Consideration
Bullish Plan: Buy breakout above 147.00 with SL below 145.50 and TP near 150.50–152.00
Bearish Plan: Sell breakdown below 142.50 with SL above 144.00 and TP near 140.00–138.00
Neutral Bias: Wait for breakout confirmation; no trade inside the triangle
This is a tight volatility setup where breakout traders should stay alert. The longer the consolidation, the stronger the breakout move tends to be.
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CHFJPY July Setup: Bearish Reversal Brewing from RSI ExtremesCHFJPY is setting up for a clean bearish reversal heading into July.
📌 Here's the breakdown using Vinnie’s Trading Cheat Code System:
✅ RSI OB Zone triggered – momentum stretched
✅ Trendline exhaustion forming near key resistance (~178.00)
✅ Waiting on Confirm Sell or MACD cross to validate entry
✅ First targets at 174.00 and 170.60 (prior demand zones)
The pair is showing signs of topping after a strong JPY selloff and CHF strength surge. If risk-off flows hit, CHFJPY could unwind fast.
Watching for lower timeframe triggers to scale in. Will update once confirmation hits.
🧠 Powered by:
Cheat Code Confirm Alerts
CC Trend Indicator
RSI OB/OS
MACD Momentum Roll
Drop a comment if you’re watching this too — let’s track it together.
Bearish Reversal at Supply – GBP/USD🧠 Trade Breakdown:
Price broke structure cleanly to the downside, leaving behind a clear supply zone on the higher timeframes. Now we’re seeing a textbook pullback into that zone — slow, weak volume — signaling distribution before the next potential move down.
📍 Key Confluences:
• Higher timeframe supply zone respected
• Break of structure followed by clean pullback
• Consolidation + order buildup into the zone
• High reward-to-risk (estimated 7:1)
• Supply zone: 1.3718 – 1.3735
• Entry: 1.37206
• SL: Above 1.3735
• TP: 1.36275
📸 Trade Setup:
Waiting for a bearish reaction or engulfing confirmation from inside the purple supply zone. If rejection holds, I’m targeting the green demand zone below.
🧠 Mindset:
No chasing. No forcing. This is a sniper setup only. Full trust in my zone and risk management.
Trade Simple. Live Lavish.
— Quil Lavish
EURUSD BEARISH REVERSAL At the top 1.1745, we see strong rejection wicks and bearish engulfing candles, hinting at exhaustion of buyers, Market entered sideways consolidation between 1.1680 and 1.1740, Price failed to break out of this range multiple times — forming a range-bound or distribution phase.
The current bullish candle indicates a temporary relief rally after recent bearish pressure, Rejection from 1.1720–1.1740 may send price back to test 1.1690 or lower.
USDJPY Daily TF - June 29th, 2025USDJPY Daily Neutral Idea
Monthly - Bullish
Weekly - Bearish
Daily - Bearish
I’m looking at the Daily time frame here as this is the only clear picture for price action in terms of trends. The 4hour looks like price action can’t make a decision so we will wait for price action to get closer to some major zones.
Bearish Continuation - Ideally, we want to see price action touch 147.500 again followed by convincing bearish rejection. Look to target lower toward major support levels if this happens.
Aside from this potential setup we don’t have much to look at here on UJ.
NZDJPY Technical + Fundamental Short Alignment = Short SetupToday, I want to review the NZDJPY ( OANDA:NZDJPY ) pair short position from a fundamental and technical perspective . It seems to be in a good zone for a short position.
Do you agree with me?
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First, let's look at the fundamentals of NZDJPY.
New Zealand (RBNZ):
The Reserve Bank of New Zealand cut the OCR by 25bps in May and hinted at further easing if inflation continues to cool. Recent CPI data has shown clear disinflation trends, increasing the likelihood of more rate cuts in the second half of 2025. Consumer confidence is also declining, and retail sales have been weaker than expected.
Japan (BoJ):
The Bank of Japan is under growing pressure to tighten monetary policy. Inflation remains above 2%, and market expectations for a rate hike later this year are building. Any shift from ultra-loose policy supports JPY strength, especially against weaker yielders like NZD.
Macro Summary:
Diverging monetary policies: RBNZ easing, BoJ possibly tightening.
NZD weakened by soft data, JPY strengthened by policy expectations.
Risk sentiment is currently neutral-to-negative, favoring safe-haven JPY.
Conclusion:
Short NZDJPY is fundamentally justified. The pair aligns with macro forces: NZD is pressured by rate cuts and weak growth, while JPY is poised to strengthen with upcoming policy shifts.
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Now let's take a look at the NZDJPY chart on the 4-hour time frame .
NZDJPY is currently trading near the Potential Reversal Zone(PRZ) .
In terms of classic technical analysis , it appears that NZDJPY has successfully formed a Rising Wedge Pattern .
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks.
Based on the above explanation , I expect NZDJPY to drop to at least 87.159 JPY if the lower line of the Rising Wedge Pattern and the Support zone(86.50 JPY-87.00 JPY) are broken, the second target could be 86.043 JPY .
Note: Stop Loss(SL): 88.378 JPY
Please respect each other's ideas and express them politely if you agree or disagree.
New Zealand Dollar/ Japanese Yen Analyze (NZDJPY), 4-hour time frame.
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GBPAUD Elliot waves Short IdeaPrice made a leading diagonal to the downside which completed potentially wave 1. At it is currently pulling back up for wave 2 which unfolds as a zigzag ABC. If this count is correct we should expect price to find resistance on the golden zone which is in line with the upper trendline of the channel. So we should be looking to short GBPAUD at either upper trendline of the channel or somewhere between 50% and 61.8% fib retracement.
AUDCHF — What’s Going On with the CHF?In this pair, there’s currently a good opportunity to open a short position.
Looking at the weekly and daily timeframes, the price reached the 0.54518 area and started to reverse.
On top of that, it seems to be forming a triangle on these timeframes, which could suggest the price may continue to drop. This idea is confirmed by the indicators I usually use: a 45-period exponential moving average, two simple moving averages of 70 and 95 periods, and the Parabolic SAR.
On the 1-hour timeframe, there’s also a descending continuation triangle forming, backed by the same indicators.
That said, it’s worth keeping in mind that, despite this technical analysis, it’s important to stay on top of news, economic data, and other factors that could affect this pair, since this analysis is based purely on technicals.
The short position tool shown on the chart is just an extra aid to help decide on the entry.
GBP/CAD (Two Trade Recaps) EUR/NZD Long and GBP/JPY LongEUR/NZD Long
Minimum entry requirements:
- If tight non-structured 15 min continuation forms, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
- If tight structured 15 min continuation forms, reduced risk entry on the break of it or 15 min risk entry within it.
- If tight non-structured 1H continuation forms, 15 min risk entry within it if the continuation is structured on the 15 min chart or reduced risk entry on the break of it.
- If tight structured 1H continuation forms, 1H risk entry within it or reduced risk entry on the break of it.
GBP/JPY Long
Minimum entry requirements:
- Tap into area of value.
- 1H impulse up above area of value.
- If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
- If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
EURUSD| - Inducement Fueling Bullish Intent📌 Pair: EURUSD
📈 Bias: Bullish
🕰 HTF View (4H):
Clear bullish intent shown with a break above major external structure (higher high). Inducement remains intact—expecting that draw to price. Strong bullish momentum signals smart money positioning for more upside.
🧭 MTF Clarity (2H → 30M):
30M structure refined and leaning bullish, but using 2H for confirmation. Waiting on liquidity sweep into the OB zone for entry precision.
🎯 Entry Criteria:
LTF CHoCH → Liquidity Sweep → OB Mitigation
(Execution in that exact order for maximum confirmation)
🎯 Target: Structure highs above
🧠 Mindset Note:
Let the inducement play out—don’t rush it. This is where patience and clarity separate a sniper from a scalper. One clean entry > 10 reactive trades.
Bless Trading!
AUD/USD ShortStandard / Aggressive Entry
Sell Limit: 0.6500
Stop Loss: 0.6565
TP1: 0.6200
TP2: 0.6000
Why: Likely to trigger sooner, even on light retracement or spread spike.
🛡️ Conservative Entry
Sell Limit: 0.6520
Stop Loss: 0.6580
TP1: 0.6200
TP2: 0.6000
Why: Waits for a deeper, cleaner pullback toward top of resistance zone. Safer but may not trigger.
29.06.2025 #USDCNHBUY 7.16250 | STOP 7.14850 | TAKE 7.17950 | The US dollar is likely to rise against the yuan amid political factors and the publication of data on business activity in the non-manufacturing sector (PMI) in China. Technically, the pair has approached and is consolidating around medium-term support levels.
EURGBP DAILY FORECAST Q3 D30 W27 Y25EURGBP DAILY FORECAST Q3 D30 W27 Y25
Professional Risk Managers👋
Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
Let’s see what price action is telling us today! 👀
💡Here are some trade confluences📝
✅Daily Order block identified
✅4H Order Block identified
✅1H Order Block identified
🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail.
🏆It has always been that simple.
❤️Good luck with your trading journey, I shall see you at the very top.
🎯Trade consistent, FRGNT X
GBPCAD Will Move Higher! Long!
Please, check our technical outlook for GBPCAD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 1.842.
Considering the today's price action, probabilities will be high to see a movement to 1.855.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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AUDUSD 4hour TF - June 29th, 2025AUDUSD 4hour Neutral idea
Monthly - Bearish
Weekly - Bearish
Dailly - Bullish
4hour - Bullish
AU has been in this subtle bullish channel since late April 2025, just above major monthly support at 0.63250 area.
We also have some conflicting trends and we need to see some conviction before we can comfortably follow price action. We do have some alignment with a bearish USD but at the moment we have two options:
Bullish Continuation - This is the most likely scenario based on what we’re seeing and where price action is. Ideally, we see some rejection from our 4hour 0.65000 support area followed by bullish conviction. If this happens look for price action to touch or break the top of this channel and continue bullish for the week ahead.
Reversal back into channel - If we fail to see bullish presence we could see price action fall back into the channel. The key indication of this would be a break below our 0.65000 support area followed by a retest and bearish conviction.