Forex market
GBPUSD LOOKING BULLISH Support Zone (Demand Area):
1.32800–1.33000 region (blue zone at the bottom).
Price is expected to bounce from here. This is the low-risk buy zone marked by the gray arrow starting at the bottom of the red box.
Resistance Zone (Supply Area):
1.34000–1.34500 region (highlighted in orange/red).
Price previously reversed from here, making it a potential TP zone for longs.
The line marked “Weak High” around 1.34500–1.34793 is the upper boundary and final resistance to watch.
2. Stop-Loss (SL):
Around 1.32777
This is slightly below the support zone, giving room for liquidity sweep before moving upward.
If price closes below this, the bullish idea is invalidated.
3. Take-Profit (TP):
TP1: 1.34000
First key resistance and entry point into supply zone.
TP2: 1.34500–1.34793
Final TP zone aligned with the “Weak High” – a possible liquidity target.
Summary of the Trade Idea:
Entry (Buy): Between 1.33000–1.33300
SL: Below 1.32777
TP1: 1.34000
TP2: 1.34500–1.34793
Home of ABBA, IKEA, and Volvo (USD/SEK)USD/SEK has broken below major multi-year support.
While below there we are looking for shorts (i.e. bullish the Swedish krona)
The daily chart has corrected higher but the trend is down.
Another breakdown through the lows could setup another leg lower
Thoughts?
GBPAUD Massive Short! SELL!
My dear followers,
I analysed this chart on GBPAUD and concluded the following:
The market is trading on 2.0992 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 2.0899
Safe Stop Loss - 2.1039
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
USD/CHF: Safe-Haven Demand and Weak U.S. Data Weigh on Dollar!The USD/CHF pair is trading in a general downtrend on the 4-hour timeframe, forming consecutively lower lows. The recent declines are attributed to the weakening US dollar amid concerns over tariff-related disruptions and their impact on the US economy. On the other hand, the Swiss franc has seen increased demand as a safe-haven currency, similar to the Japanese yen.
Will the Pair Continue to Decline?
Markets are closely watching this week’s upcoming US employment data, which is highly significant as it will provide insight into how tariffs are affecting the US labor market.
On Tuesday, April 29, 2025, the JOLTS Job Openings report showed a disappointing reading of 7.91M, marking the lowest level since October 2024. Additionally, the Consumer Confidence Index fell to 86 — its weakest level since July 2014!
These figures highlight weakness in the US dollar and suggest a potential continuation of its decline against other currencies.
Technical Outlook for USD/CHF:
On the 4-hour chart, the pair is in a clear downtrend. A rise toward the 0.83052 level increases the likelihood of a renewed decline, continuing the bearish trend and targeting 0.82291 as the first support and 0.81025 as a second, longer-term target.
This bearish scenario would be invalidated on the 4-hour chart if the price breaks above and closes above the 0.83344 level.
Note: Markets are awaiting several key data releases this week that could impact this pair, including:
• ADP Non-Farm Employment Change
• Advance GDP q/q
• Core PCE Price Index m/m
• ISM Manufacturing PMI
• Average Hourly Earnings m/m
• Non-Farm Employment Change
• Unemployment Rate
If growth and employment data disappoint, the US dollar is likely to continue weakening in the short to medium term.
USDCAD swing longsFrom fundamental analysis on CAD futures derived from "barchart.com". Currently as of writing (Monday 30th April 2025), we can see the CAD futures price increasing from this day but the Open Interest has been decreasing steadily so we can anticipate a reversal soon for the futures price (to flip bearish), which means bullish PA for USDCAD (this could also give you a slight insight/confirmation to DXY’s potential price).
Technicals outlined in chart using price action.
EURUSD: Bullish Continuation
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 EURUSD pair which is likely to be pushed up by the bulls so we will buy!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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USD/JPY(20250430)Today's AnalysisMarket news:
The European Central Bank expects prices to rise 2.9% over the next 12 months, up from 2.6% in February, according to a monthly survey released on Tuesday. This is the highest level since April 2024. The three-year indicator rose slightly to 2.5%. The ECB's first five-year forecast was 2.1%.
Technical analysis:
Today's long-short boundary:
142.32
Support and resistance levels:
143.13
142.83
142.63
142.01
141.81
141.51
Trading strategy:
If the price breaks through 142.32, consider buying, the first target price is 143.00
If the price breaks through 142.01, consider selling, the first target price is 141.81
NZDUSD Wave Analysis – 30 April 2025
- NZDUSD reversed from the resistance level 0.6020
- Likely to fall to support level 0.5800
NZDUSD currency pair recently reversed down from the pivotal resistance level 0.6020 (former top of wave 2 from November) intersecting with the 61.8% Fibonacci correction of the downward impulse from September.
The downward reversal from the resistance level 0.6020 started the active intermediate impulse wave (3).
Given the overbought daily Stochastic, NZDUSD currency pair can be expected to fall to the next support level 0.5800, the former resistance from March and the target for the completion of the active impulse wave 1.
USDCHF Short Term Buy Trading Plan Update!!!Hi Traders, on April 24th I shared this idea "USDCHF - Expecting Bullish Continuation In The Short Term"
I expected further continuation higher from the marked Fibonacci support zones. You can read the full post using the link above.
Price reached the first Fibonacci support zone, respected it and bounced higher as expected!!!
If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GBPCAD Potential PullbackHi there,
On GBPCAD, a bullish pullback is anticipated, with a potential bullish level of interest at 1.84988, targeting two price levels: 1.87001 and 1.88069.
Currently, the price movement is bearish, seemingly aiming for the 1.84235 low. It may act against bullish orders, so there should be some caution around the 1.83199 level as it has the potential to drop even lower.
Happy Trading,
K.
It is not trading advice.
NZDUSD Will Go Down From Resistance! Short!
Here is our detailed technical review for NZDUSD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 0.592.
The above observations make me that the market will inevitably achieve 0.580 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Like and subscribe and comment my ideas if you enjoy them!
Australian CPI Surprise: What It Means for the RBA & AUD/USDMatt Simpson breaks down the latest Australian inflation data and what it could mean for the Reserve Bank of Australia’s next move. Plus, we dive into the AUD/USD, AUD/CAD, GBP/AUD and EUR/AUD charts for key technical setups traders need to watch right now.