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EURUSD - ANALYSIS👀 Observation: Hello, everyone! I hope you're doing well. I’d like to share my analysis of EUR-USD with you. Looking at the chart, EUR-USD is currently in a price range. After reaching the top of the range, I expect it to move toward the bottom of the range, and I anticipate a breakdown below the range's bottom. 📉 Expectation: Bearish Scenario: If the price breaks the bottom of the range, I expect the price to move toward my first target at 1.12142. 💡 Key Levels to Watch: Resistance: Top of the range Support: Bottom of the range 💬 What are your thoughts on EUR-USD this week? Let me know in the comments! Trade safe
Short
by PouyanTradeFX
1
EURUSD meltdown incoming | 🔹 Pair / TF | EUR/USD, 4 h → Lower Timeframes | | 🔹 Bias | Bearish (potential reversal after reaching higher resistance, with RFI divergence) | 📊 Key Levels (Adjusted based on higher price) Level: ~1.13900 - ~1.14100 (Potential Immediate Resistance Zone - based on possible previous highs or Fibonacci levels not visible on the prior chart) Level: ~1.14954 (Potential Higher Resistance - extrapolating from previous chart structure) Level: ~1.11504 (Previous R1 - now potential support if price reverses significantly) Level: ~1.10777 (Previous Resistance Zone - now potential stronger support if price falls further) 🚨 Trigger (Adjusted) With an entry at 1.1375, you are likely anticipating a reversal from a higher resistance level. Look for bearish rejection signals (bearish engulfing, pin bar) forming around the ~1.13900 - ~1.14100 zone or potentially higher. Crucially, examine the RFI on the lower timeframes (if possible). If the price made a higher high to reach 1.1375, but the RFI did not make a corresponding higher high (or showed a lower high), this would indicate bearish divergence, strengthening the case for a potential reversal. ✅ Confirmation (Adjusted) Confirm bearish candlestick patterns on lower timeframes (1h, 15m) at the potential resistance levels. Look for bearish divergence on the RFI. This is a strong signal that upward momentum is waning. If you are using RSI, watch for a break below the 50 level after the bearish price action. Increasing selling volume on lower timeframes during the rejection would add confirmation. 🎯 Entry & Stops (Adjusted) | 🔶 Entry | 1.1375 (Your Given Entry Price) | | 🔴 Stop-Loss | Above the high of the rejection candle and potentially above the ~1.14100 level or the next visible resistance, depending on your risk tolerance (e.g., ~1.14250 - ~1.14400) | Your entry is already executed. Now focus on stop-loss placement and target levels. Risk: Manage your position size according to your risk tolerance and the chosen stop-loss level. 🎯 Profit Targets (Adjusted) | Target | Level | Pips (approximate from 1.1375) | RRR (depending on stop-loss) | | :----- | :--------- | :----------------------------- | :--------------------------- | | T1 | ~1.13000 | ~75 | Varies | | T2 | ~1.12500 | ~125 | Varies | | T3 | ~1.11504 | ~225 | Varies | Consider taking partial profits at each target level. Adjust your stop-loss to breakeven or in profit as the trade moves in your favor. ⚙️ Trade Management (Adjusted) Monitor the RFI closely for any signs of bullish resurgence. If the RFI starts breaking back above previous highs or its trendline (if one forms), consider reducing your position or closing the trade. Pay attention to price action at potential support levels. Be prepared to adjust your targets based on market conditions. 🔑 Rationale (Adjusted) With an entry at 1.1375, the trade idea is based on a potential reversal from a higher, currently identified resistance level. Bearish divergence on the RFI (if present) would be a key supporting factor, indicating that the recent upward move lacked strong momentum. Bearish price action at resistance would confirm the selling pressure. Targeting previous support levels offers logical profit objectives. ⚡ Highlight (Adjusted): Given your entry at 1.1375, the strategy now revolves around a potential bearish reversal from a higher resistance level, with a strong emphasis on identifying bearish divergence on the RFI to support the short trade. Monitor price action and the RFI closely for confirmation and trade management.
Short
by Delast2
Dollar looking at worst month since November 2022 | FX ResearchThe US dollar is demonstrating some resilience despite recent setbacks, perhaps with the market focusing on the upcoming Q1 GDP data which analysts have downgraded to expect a contraction against a consensus forecast of 0.2%. Meanwhile, the dollar looks set to put in its weakest monthly performance since November of 2022 despite what had been some reports of dollar demand on month-end rebalancings earlier today. In Australia, the Q1 CPI report showed inflation slightly above expectations but the core trim mean dropped, aligning with the RBA's target range for the first time since Q4 of 2021, supporting expectations of 25 basis point rate cut on May the 20th. Eurozone Q1 GDP outperformed at 0.4% Q over Q, doubling forecasts, while President Trump was back at it criticizing Fed Chair Powell, also touting his own economic policies. Looking ahead, we get Canada GDP, the already mentioned US GDP, and other US reads including ADP employment, Chicago PMIs, personal income and spending, and pending home sales. Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
by BlackBull_Markets
USDJPY INTRADAY downtrend continuationThe USDJPY pair is exhibiting a bearish sentiment, reinforced by the ongoing downtrend. The key trading level to watch is at 145.60, which represents the current intraday swing low and the falling resistance trendline level. In the short term, an oversold rally from current levels, followed by a bearish rejection at the 145.60 resistance, could lead to a downside move targeting support at 141.00, with further potential declines to 139.50 and 138.40 over a longer timeframe. On the other hand, a confirmed breakout above the 145.60 resistance level and a daily close above that mark would invalidate the bearish outlook. This scenario could pave the way for a continuation of the rally, aiming to retest the 147.90 resistance, with a potential extension to 149.00 levels. Conclusion: Currently, the USDJPY sentiment remains bearish, with the 145.60 level acting as a pivotal resistance. Traders should watch for either a bearish rejection at this level or a breakout and daily close above it to determine the next directional move. Caution is advised until the price action confirms a clear break or rejection. 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.
by TradeNation
EURCAD Wave Analysis – 30 April 2025 - EURCAD reversed from resistance level 1.5880 - Likely to fall to support level 1.5495 EURCAD currency pair recently reversed down from the pivotal resistance level 1.5880 (which has been reversing the price from the start of July) intersecting with the upper daily Bollinger Band and the resistance trendline of the daily up channel from 2022. The downward reversal from the resistance level 1.5880 created the weekly Shooting Star – a strong sell signal for EURCAD. Given the overbought daily Stochastic and the strength of the resistance level 1.5880, EURCAD currency pair can be expected to fall to the next support level 1.5495.
Short
by FxProGlobal
Watch This Wedge! AUDNZD Primed for Upside PushThe AUDNZD pair forms a falling wedge pattern, a bullish reversal formation that typically occurs after a downtrend. The price action is being squeezed between a descending resistance line and a descending support line, creating a narrowing range. The market is now attempting to break out of the wedge, with the current price testing the resistance line. A breakout and close above this trendline would signal bullish strength and could lead to a reversal of the recent downtrend. Targets: TP1: 1.07605 TP2: 1.07922 Stop Loss: Below the recent low at 1.06542
by Money_Dictators
GBPUSD Possible Reversal to the upside. Setup Overview: - Buy Zone At the 5-min breaker block around 1.33240 (breaker block left after sweeping a previous liquidity low). - Target:Anticipate price movement to higher liquidity areas if the breaker is respected. - Rationale: Price has swept liquidity below the NWOG High and sharply reversed toward the 4-hour C.E at 1.33225, leaving IFVGs. A revisit to the breaker zone offers an optimal buying opportunity within the silver bullet window. Timeframe: 5-min & 1-min Confirmation Key Levels: - Entry: 1.33240 (Breaker Block) - S.L.: 1.33200 - T.P.: 1.33225 (4hr C.E) Rationale: - Price has swept liquidity at NWOG High (1.33100). - A sharp move left IFVGs during the push toward the 4-hour C.E, indicating institutional footprints. - The breaker block at 1.33240 is expected to act as a launch point for higher prices. If price decides to target the New Week Opening Gap low we are cooked.
Long
by Hos_Waruts
CADCHF Trading Opportunity! BUY! My dear friends, My technical analysis for CADCHF is below: The market is trading on 0.5947 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 0.5955 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
USD/JPY Massive Support into BoJThe 140.00 level in USD/JPY has so far held the lows in 2025 after that price did the same in 2024. There was just one day of testing below that price last year and it was around the weekly open of the first FOMC rate cut for the last cycle. Sellers couldn't find much momentum below and a couple days later, when the Fed did actually cut, price put in a higher-low and then eventually reversed in Q4. But at this stage it looks more and more like we'll see eventual tightening of rates between the U.S. and Japan as inflation in Japan remains elevated and growth in the US somewhat weak. Timing remains the issue and USD/JPY has brewed several bear traps already this year. It seems unlikely that the BoJ will be too aggressive towards rate moves with the uncertainty of tariffs looming overhead, but tonight's rate decision is a quarterly meeting meaning the Bank will issue updated outlooks, and when they last did this on January 27th it allowed for a lower-low in USD/JPY that continued to spiral lower until the 140.00 bounce that showed last week. For resistance, 145.00 is a major level as this was prior support that hasn't yet been tested as resistance. - js
by FOREXcom