Forex market
CADCHF new view, still bullish expectations
OANDA:CADCHF first analysis till TP1 (attached), having thoughts we are not see to much here and expecting higher bullish push than in previous analysis.
We are have break of zone, price is start pushing, at end its revers on first res zone (0.60600), in meantime DESCENDING CHANNEL is be created, on 22.Jun is be breaked, currently price is break and ASCENDING TRIANGL.
SUP zone: 0.59600
RES zone: 0.60800, 0.61200
Trading Opportunity: USDCAD Long SetupGood morning All,
I've been analysing the USDCAD pair and noticed it's been oversold for some time. It just reached the midband of the falling channel yesterday, which suggests a potential long opportunity to me. I believe this setup offers a favourable risk-to-reward ratio of 1:2. Here are the details:
- Entry Point: 1.3734
- Take Profit (TP): 1.3888
- Stop Loss (SL): 1.3657
Wishing you all the best with your trades!
Ehsan
Short Setup ActivatedNote: If price reaches the daily order block before hitting the entry zone, the probability of a successful trade decreases.
🔍 My Trading Approach:
My trading and analysis are primarily based on market liquidity and how price tends to move toward areas where liquidity is pooled.
I use two main concepts in my strategy:
Fair Value Gaps (FVGs) to identify setups and entry zones
Measured Moves (MMs) to define target levels
🎯 Profit-Taking Rule:
I usually secure profits once price has moved at least 1.5 times the initial stop-loss distance in my favor. FOREXCOM:EURUSD
GBPJPY 4hr chart Analaysis I expect GBP/JPY to turn bullish, with a potential pullback from the 191.67–191.00 zone. It’s also possible that the price slightly dips lower, reaching around 190.50, before starting a bullish trend. From there, the price may rise towards the reversal zone at 195.38–196.00.
If it breaks above this zone, the next target could be around 198.04. That level is where I expect a potential bearish reversal to occur.
This is my personal analysis based on my current understanding of the market — it's not guaranteed to be 100% accurate, but I would estimate there's around an 80% probability of it playing out this way
USDJPY Is Bearish! Short!
Take a look at our analysis for USDJPY.
Time Frame: 30m
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 142.838.
Taking into consideration the structure & trend analysis, I believe that the market will reach 142.464 level soon.
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.
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AUD/JPY BEARS ARE STRONG HERE|SHORT
Hello, Friends!
We are targeting the 92.544 level area with our short trade on AUD/JPY which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
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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GBPUSD Trending Higher - Can Bulls Maintain Momentum?OANDA:GBPUSD is trading within a clearly defined ascending channel, with price action continuing to respect both the upper and lower boundaries. The recent bullish momentum indicates that buyers are maintaining an advantage, increasing the likelihood of a continued upward trend.
Price has broken through a key resistance zone and successfully retested this area as support, confirming the bullish structure. This retest helps to reinforce the bullish outlook, with the next technical target around the 1.38000 level, in line with the upper boundary of the trend channel.
As long as price remains above the newly established support zone, the bullish trend remains intact. If this support zone is broken, a corrective scenario toward the midline or lower boundary of the channel should be reconsidered.
The analysis reflects a personal view based on price action and market structure, and is not financial advice. Appropriate risk management should be ensured in all trading situations.
EURUSD – Bouncing on trendline amid EU optimismEURUSD continues to hold a strong upward momentum within a short-term ascending channel. After retesting the channel bottom around the 1.1360 zone, price is showing signs of rebounding, and a "small double bottom" pattern appears to be forming. If confirmed, EURUSD may rally toward the resistance area at 1.1447.
Factors supporting the bullish trend:
Trump temporarily postponed the 50% tariff on EU goods until July 9 → Trade tensions ease, supporting the euro.
Germany's Q1 GDP grew by 0.4% – above expectations → Boosts confidence in Eurozone recovery.
The ECB aims to elevate the euro’s global role (digital euro, cross-border payment improvements).
Potential scenario:
If the 1.1360 zone holds (channel bottom + EMA support), there is a high chance that price will retest and break above the 1.1447 resistance.