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EURUSD Breakout Setup Wtchng 4 Bullish Continuation Toward1.1423This EUR/USD 4-hour chart shows a descending triangle pattern forming, with price currently testing the lower boundary support zone around 1.12820. Two bullish rejections (marked with arrows) indicate potential buying interest at this level. A clear change of character (ChoCH) has occurred, suggesting a shift in momentum from bearish to bullish. The projected scenario outlines a potential bullish breakout from the descending trendline, targeting the 1.14237–1.14228 zone, which aligns with previous structure and the top of the Ichimoku cloud. Confirmation would come from a breakout and retest of the trendline.
Long
by ChartWizard_1
2
EURJPY Will Go Up From Support! Long! Take a look at our analysis for EURJPY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 163.939. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 168.000 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!
Long
by SignalProvider
1
NZDCAD Will Go Higher! Buy! Please, check our technical outlook for NZDCAD. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 0.821. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.825 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. 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!
Long
by SignalProvider
1
NZDCAD – 1H Bullish Divergence Building the Case for a BounceNZDCAD – 1H Bullish Divergence Building the Case for a Bounce 🔁📈 What’s up traders 👋 Eyes on NZDCAD 1H — things are getting interesting. While price has been sliding lower, momentum is quietly painting a different story. That’s right: we’ve got a bullish divergence on the radar. 🔎 Lower Lows in Price, Higher Lows in RSI Let’s keep it simple. Price has been pushing into new lows, but RSI is doing its own thing — making higher lows in the same zone. That’s a bullish divergence, and it often signals that the downtrend is running out of gas. The sellers are pressing, but they’re not getting the same power behind their moves. Meanwhile, buyers are starting to show up — quietly, but with intent. This is not just noise, this is accumulation behavior. 🧠 What to Watch For A bullish divergence on the 1H doesn't guarantee an immediate reversal, but it definitely sets the stage. Here's how this could play out: A double bottom, higher low, or trendline break could act as the trigger. Volume increasing on green candles? Even better. Watch for price reclaiming key levels or flipping recent resistance into support — that’s confirmation. 💡 Potential Setup Brewing If you’re a scalper or short-term swing trader, this could be a great spot to start planning. Not every divergence plays out, but when they do — the risk-to-reward is often skewed in your favor, especially if you catch it before the crowd sees it. 📌 Momentum Is Whispering – Are You Listening? What’s your take on NZDCAD right now? Are you preparing for the bounce or waiting for more proof? #NZDCAD #BullishDivergence #1HChart #ForexTrading #MomentumShift #PriceAction #TechnicalAnalysis #RSI #SmartTrading
by MAAwan
2
EURUSD INTRADAY bullish above 1.1240Trend Overview: The EUR/USD currency pair remains in a bullish trend, supported by a prevailing uptrend. The recent intraday price action suggests a sideways consolidation (coiling price action) possibly triggering a corrective pullback towards a newly formed support zone, previously a resistance level. Key Levels to Watch: Support Levels: 1.1240 – Previous resistance turned support, key level for potential bounce. 1.1144 – Secondary support level if 1.1240 fails. 1.1000 and 1.0890 – Stronger support in case of extended retracement. Resistance Levels: 1.1475 – Initial resistance level on the upside. 1.1595 – Next target if bullish momentum continues. 1.1700 and 1.1830 – Long-term resistance and key breakout point. Market Sentiment & Price Action: The recent corrective pullback aligns with normal market fluctuations within an uptrend. A bullish bounce from the 1.1240 support level could trigger an upside move, targeting the 1.1475 resistance level and potentially extending towards 1.1595 and 1.1700 – 1.1830 over a longer timeframe. Alternatively, a confirmed loss of the 1.1240 support, accompanied by a daily close below this level, would weaken the bullish outlook. This could lead to further downside pressure, potentially testing the 1.1144 level, with an extended decline towards 1.1000 and 1.0890 if selling pressure intensifies. Conclusion: The EUR/USD pair remains in a bullish structure as long as the 1.1240 support holds. A successful bounce from this level would reinforce the uptrend, targeting higher resistance zones. However, a decisive break below 1.1240 and a daily close under this level could shift sentiment bearish, leading to further downside retracement. 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
1
The Day Ahead - US Employment data due!Friday, May 2 Macro Data to Watch (Market Impact Potential): US April Jobs Report – Major market mover for USD, equities, and bonds. Sets expectations for Fed policy. US March Factory Orders – Secondary data; relevant for industrial and manufacturing sectors. Eurozone April CPI – Key inflation data; potential EUR/USD and ECB rate path influence. Eurozone March Unemployment Rate – Labor market context for ECB policy. Japan April Monetary Base & Labor Data – JPY-sensitive; signals BoJ liquidity stance. Italy Manufacturing PMI & March Unemployment – Insight into Eurozone periphery economy. France March Budget Balance – Fiscal health check; limited direct market impact. Central Bank Watch: ECB Economic Bulletin – Can give insight into ECB’s inflation and growth outlook. May guide EUR direction. Earnings (Key for Sector Moves & Index Impact): Energy: Exxon Mobil, Chevron, Shell – Crude oil-sensitive; big impact on energy indices. Healthcare & Insurance: Cigna Group – Influences healthcare and insurance stocks. Industrials/Chemicals: Eaton, BASF, DuPont – Watch for global growth signals and margins. Financials: Apollo, ING, NatWest, Standard Chartered – Useful for readthrough on credit trends and regional banking health. Autos: Mitsubishi, Italy new car registrations – Auto demand signals, relevant for sector ETFs. 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
NZDJPY 39-Year Trap – 5149 Pips Short Setup!This chart showcases a massive 39-year consolidation range in NZDJPY, spanning from 1986 to 2025, with no confirmed breakout or breakdown throughout this entire period. The pair remains range-bound, signaling long-term indecision. Currently, we are preparing for short-side trades based on a key technical clue: The latest monthly candle wicked above resistance, sweeping liquidity before closing lower — a classic liquidity grab or false breakout setup, indicating a potential reversal within the range. Trade Plan: Entry 1: 89.364 Entry 2 (Add more lots if price rises): 93.351 Stop Loss for both entries: 95.967 Our targets remain: Take Profit 1: 70.220 Take Profit 2: 42.516 This setup is aiming for a 5,149 pip move (~55% drop), aligned with the historical range-bound behavior.
Short
by neerajbond7
CHF/JPY BEARS ARE GAINING STRENGTH|SHORT Hello, Friends! CHF/JPY is making a bullish rebound on the 2H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 174.161 level. 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 COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
NZD/JPY SELLERS WILL DOMINATE THE MARKET|SHORT Hello, Friends! The BB upper band is nearby so NZD-JPY is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 84.966. 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 COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
Canadian Dollar vs US Dollar: Recovering from The Bearish HugsIn previous posts, we have already begun to look at the key factors that have driven the U.S. outperformance over the past decade. The U.S. market dominance is largely due to the rapid rise of tech giants (such as Apple, Microsoft, Amazon, and Alphabet), which have benefited from strong profit growth, global market reach, and significant investor inflows. Underperforming Internationally Markets outside the U.S. have faced challenges such as multiple stifling sanctions and tariffs, slowing economic growth, political uncertainty (especially in Europe), a stronger U.S. dollar, and the decline of high-growth tech sectors. The Valuation Gap By 2025, U.S. equities will be considered relatively expensive compared to their international peers, which may offer more attractive valuations in the future. Recent Shifts (2025 Trend) Since early 2025, international equities have begun to outperform the S&P 500, and European and Asian equities have regained investor interest. Global market currencies are also heavily dependent on the US dollar. Factors include optimism around the following three main themes. DE-DOLLARIZATION. DE-AMERICANIZATION. DIVERSIFICATION. De-dollarization is the process by which countries reduce their reliance on the US dollar (USD) as the dominant global reserve currency, medium of exchange, and unit of account in international trade and finance. This trend involves a shift away from the centrality of the US dollar in global economic transactions and towards alternative currencies, assets or financial systems. Reasons for De-dollarization The move towards de-dollarization is driven by geopolitical and economic factors: Backlash against US economic hegemony: The US often uses the dollar's dominance to impose sanctions and exert political pressure, encouraging countries to seek financial sovereignty. Rise of emerging economic powers: Emerging economies such as China and groups such as the BRICS are seeking to reduce their vulnerability to US influence and promote regional integration and alternative financial infrastructures. Geopolitical tensions: Conflicts such as the war in Ukraine have increased efforts by countries such as Russia to withdraw dollars from their reserves to avoid sanctions. Summary De-dollarization is a complex, ongoing process that reflects a gradual shift away from the global dominance of the US dollar. It involves diversifying reserves, using alternative currencies and assets, and creating new financial systems to reduce reliance on the dollar. Driven by geopolitical tensions and the rise of emerging economic powers, de-dollarization is challenging the entrenched role of the dollar, but is unlikely to completely replace it anytime soon. Instead, it is leading to a more multi-polar monetary system in international finance, increasing demand for alternative investments in the US. Technical Test The main technical chart is presented in a weekly perspective, reflecting the performance of the Canadian dollar against the US dollar FX_IDC:CADUSD over the long term. With the positive dynamics of the relative strength indicator RSI(14) continuing, a breakout of flat resistance near the level of 0.72 is noted, with the prospect of a possible price increase to 0.80, parity in the currency pair and strengthening of the Canadian dollar to historical maximums, in the horizon of the next five years. -- Best wishes, @PandorraResearch Team 😎
by PandorraResearch
USDCAD: New month, first green dayHello traders and welcome back to my channel, as always, my analysis are not a way to predict the market, but long and short are just a signal regarding the setup I'm looking for the day. Guessing the direction is not part of my job, entering setups in line with my thesis, that's my job! A little consideration before analysing this current week, the previous week, placed the monthly low, and retested it completing a pump and dump template. We are currently into the April monthly low and I'm looking for a long opportunity considering the potential volume trapped down low. But what happened this week and why I'm bullish? Monday, is the opening range of the week, weekly boundaries are now in place and short breakout traders are involved in the market. Tuesday, initial balance, expanded the range lower, triggering again shorts in the market. Wednesday, midpoint of the week, breakout lower again, stopping the traders long from the April monthly low and closing the day in breakout, going in consolidation into the end of the day. To me, this aspect is pretty important, triggering traders down low, with not really a strong momentum, typically gives me the signal of a potential reversal. Thursday, pretty much Asia and London session consolidated down low around the closing price, breaking the daily high for the first time during the week (which is to me a break in structure). The day closed as first green day, which is a potential long signal, especially when appears down low. Today, Friday, last day of the week and first day of the new month, I can see a potential dump and pump setting up for the day, but NFP is on schedule and it can mess up completely the overall setup. How I'm gonna take this trade? Well, first of all no action will be taken before news release at 8:30am NYT, after that, if the dump and pump is still intact during NY session, I will be willing to position myself in the market, accordingly with my entry criteria (typically bullish price action coiling for a long move). Can the market go lower? Absolutely yes! As I said, I do not predict any direction, but overall today I won't be interested in shorting USDCAD, because typically shoring into the weekly low, is not a very profitable trade opportunity, and I typically don't like to stuck in a trade for ages! :) I will update anyway the intraday overview during the NY session, starting in a couple of hours! Gianni
Long
by GianniPichichero
1