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Next draw of liquidity: NzdUsd0.58083 is a weekly POI that have been respected before. I'm anticipating price to retest that zone again this week , hence anticipating the news (Existing Home Sales) by 10:00 New York time to push price to my point of interest and rejection kicks in. Therefore this weekly candle might close with a rejection of that zone and next week would be bearish till we clear this week low 0.56779 I'm anticipating price to also clear previous week low (the monthly low) 0.55164 by next month. Kindly boost if you find this insightful 🫴
Short
by HallowAdept
3
GBP/USD TECHNICAL ANALYSIS NEXT MOVE POSSIBLE CHECK CAPTAIN This is a technical analysis chart of GBP/USD (British Pound to US Dollar) on the 1-hour timeframe, published on TradingView. Key Observations: 1. Resistance Zone (Red Area at ~1.2666-1.2669): The price has reached a supply zone where selling pressure is expected. The chart suggests a potential rejection from this level. 2. Expected Price Movement (Black Arrows): The price is expected to reverse from the resistance and decline. The first target is around 1.26305, marked as support. If that level breaks, the price could drop further to 1.25837. 3. Trend Structure: There was an uptrend leading to the resistance. The price is now testing a strong resistance zone. A bearish reversal is anticipated if sellers take control. Conclusion: This chart suggests that GBP/USD might face resistance and start a downward move. Traders might look for sell opportunities near resistance and target the lower support levels. If buyers push above 1.2669, the bearish scenario could be invalidated. Are you looking to trade this setup or just analyzing the market?
Short
by DavidHills110
USDJPY Wave Analysis – 20 February 2025 - USDJPY broke support zone - Likely to fall to support level 148.70 USDJPY currency pair recently broke the support zone between the support level 151.00 (which formed the daily Morning Star at the start of February) and the 50% Fibonacci correction of the previous upward impulse from September. The breakout of this support zone accelerated the active short-term impulse wave 3 – which belongs to wave (3) from January. USDJPY currency pair can be expected to fall to the next support level 148.70 (the former monthly low from December).
Short
by FxProGlobal
EURUSD I H4 CLS, Daily Order block, Target Discount liquidityIm overall bullish, but I think the price must go to the discounts to attract bulls again. This break-up is a false break in the premium which is a sell signal for my CLS entry. Hey Traders!! Feel free to share your thoughts, charts, and questions in the comments below—I'm about fostering constructive, positive discussions! 🧩 What is CLS? CLS represents the "smart money" across all markets. It brings together the capital from the largest investment and central banks, boasting a daily volume of over 6.5 trillion. ✅By understanding how CLS operates—its specific modes and timings—you gain a powerful edge with more precise entries and well-defined targets. 🛡️Follow me and take a closer look at Models 1 and 2. These models are key to unlocking the market's potential and can guide you toward smarter trading decisions. 📍Remember, no strategy offers a 100%-win rate—trading is a journey of constant learning and improvement. While our approaches often yield strong profits, occasional setbacks are part of the process. Embrace every experience as an opportunity to refine your skills and grow. Wishing you continued success on your trading journey. May this educational post inspire you to become an even better trader! “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave Hunter ⚔
Short
by David_Perk
3
Why Morgan Stanley and MUFG back JPY? Morgan Stanley and MUFG both see the Japanese yen as the strongest G10 currency in 2025. They expect it to gain value as U.S. interest rates fall and Japan’s central bank raises its own. On the daily chart, USD/JPY oscillators are still away from being in the oversold zone, suggesting that the path of least resistance could to the downside. MUFG predicts further yen gains, especially against the euro, and has set a target of 150 for EUR/JPY, down from 157. Morgan Stanley also favors the Australian dollar. Meanwhile they believe the New Zealand dollar will appreciate but underperform the Australian dollar due to a weaker domestic outlook.
by BlackBull_Markets
EURUSD: This is a temporary rebound inside a long term Bear FlagEURUSD has turned bullish on its 1D technical outlook (RSI = 59.188, MACD = 0.002, ADX = 17.971) but on the 1W timeframe this short term recovery is nothing but a Bear Flag on the aggressive decline that has started last September. The 1D RSI pattern is basically repeating the Bear Flags of January 2022 and August-September 2018 and the lowest target has been the 0.85 Fibonacci level. We expect it to reach this level again sooner or later. Go short, TP = 0.98150. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
USDCAD USD/CAD is the currency pair that represents the exchange rate between the U.S. dollar (USD) and the Canadian dollar (CAD). It indicates how many Canadian dollars are needed to buy one U.S. dollar. This pair is heavily influenced by oil prices (since Canada is a major oil exporter), interest rate differentials between the U.S. Federal Reserve and the Bank of Canada, and overall economic conditions in both countries. When oil prices rise, the Canadian dollar strengthens, often causing USD/CAD to decline, and vice versa.
Long
by HavalMamar