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CADJPY Bearish on 4HThe Canadian dollar has been on a heavy downtrend, and through the days it is becoming more clear that its value is going to continue falling. According to my Elliott Waves analysis, we are at the beginning of the 4th wave formation on the 4H timeframe, and it can give us a potential solid entry based on this strategy that I've been testing lately from this amazing trader: @AraKerbabian Anyways, I believe this could be a good opportunity to join the trend so I'll try it. ENTRY: 106.783 TP1: 105.452 TP2: 104.749 TP3: 104 SL: 107.350
Short
by JBaissari
GBPAUD sideways consolidation The GBPAUD currency pair price action sentiment appears bearish, supported by the longer-term prevailing downtrend. The key trading level is at 2.010, which is the current swing high from Monday 03rd February’25. A bearish rejection from the 2.010 level could target the downside support at 1.975 followed by 1.960 and 1.946 levels over the longer timeframe. Alternatively, a confirmed breakout above 2.010 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 2.020 resistance followed by 2.030 levels. 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
CADJPY at Key Support - Potential Buy SetupOANDA:CADJPY has reached a significant demand zone, an area that has previously served as strong support, leading to notable bullish reversals. The current market structure suggests a potential bullish bounce from this zone. If buyers confirm support at this level, the price could move upward toward the 107.300 level, which serves as a logical target for this setup. Conversely, a failure to hold this demand zone could indicate further downside potential toward lower support levels. Traders should monitor for bullish confirmation signals, such as bullish engulfing candles, long lower wicks rejecting the demand zone, or increased buying volume, before considering long positions. Let me know your thoughts or if you have any additional insights!"
Long
by DanieIM
14
NZDUSD Break & Retest – Bullish Continuation in Play?OANDA:NZDUSD has broken above a key resistance zone near 0.57000 and has now pulled back for a retest. This area previously acted as resistance and may now serve as support, aligning with a potential bullish continuation. If buyers confirm support at this level, the price is likely to move upward toward the 0.57860 level, which serves as a logical target for this setup. Conversely, a failure to hold support could signal a potential bearish shift. Traders should monitor for bullish confirmation signals, such as bullish engulfing candles, strong wicks rejecting the support zone, or increased buying volume, before considering long positions. Let me know your thoughts or any additional insights you might have!
Long
by DanieIM
1
AUD/USD Triangle Breakout (19.2.25)The AUD/USD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Triangle Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position around Trendline Of The Pattern. Target Levels: 1st Resistance – 0.6391 2nd Resistance – 0.6404 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
Long
by KABHI_TA_TRADING
16
NZDUSD Bullish breakout retestThe NZDUSD currency pair sentiment appears neutral, supported by the longer-term sideways consolidation trading range. The recent price action appears to be an oversold bullish flag pattern, however, it needs to be taken in consideration as a part of the longer-term sideways consolidation. This could be indicative of intraday Bulls and Bears fight for dominance. The key trading level is at 0.5600, the current swing low range from 12th February 2025. A continuation of the selling pressure below the 05625 level and a daily close below the 0.5600 support level could target additional downside support at 0.5550 followed by the 0.5517 and 0.5500 levels over the longer timeframe. Alternatively, an oversold rally from the current levels and a confirmed breakout above 0.5700 resistance and a daily close above that level would negate the bearish outlook opening the way for a further rally and a retest of 05735 resistance followed by 0.5760 levels. 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
2
EUR/JPY - First steps into correction, getting back on track!Hi guys we are looking over at EUR/JPY , we had a huge swing to the lower end and a very very strong support area. We can see the RSI has crumbled but ended up formulating an Ascending Channel which we will follow into revaulation towards the 159 area. Entry: 156.550 Target 1: 157.380 Target 2: 158.150 Target 3: 159.100 SL: 155.100 RR is sitting at 1:4! Tell me below in the comments what is your opinion on this trade? Will the Hawkish BoJ interfere and push this further down?
Long
by DG55Capital
USDJPY Trade Setup - Potential Recovery? 3-4 Hour Deadlie📊 USDJPY Trade Setup - Potential Recovery? 📊 Watching for a retracement towards 149.90+ as price shows signs of a pullback after a sharp drop. 🔹 Current Price: 149.77 🔹 Target Zone: 149.90 🔹 Deadline: Before 11:00 UTC Will price reach the target before the deadline? Let’s see how it plays out! 🔥 Drop your thoughts below! 👇🏼 #USDJPY #Forex #Trading #TechnicalAnalysis #PriceAction #MarketMoves #TradeSetup #ForexCommunity
Long
by GlobalHorns
GBPJPY Will Explode! BUY! My dear followers, This is my opinion on the GBPJPY next move: The asset is approaching an important pivot point 190.70 Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 191.37 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
Euro may continue to rise inside wedge, after a small correctionHello traders, I want share with you my opinion about Euro. Analyzing the chart, we can see that the price initially climbed from the support line, which lies within the buyer zone, and quickly advanced to the resistance level, aligning with the seller zone. Following this movement, the price pulled back from the 1.0440 level and corrected down to the support line. It hovered around this level for a while before breaking through and dropping into the buyer zone, creating a gap. After that, the Euro began moving upward within a broadening wedge, but soon it retraced back to the support level again. From there, it rebounded and climbed to the resistance level, eventually breaking through and rising toward the upper boundary of the broadening wedge. However, at that point, the price reversed direction and started declining, quickly falling to the support line of the wedge and breaking the resistance level once again. Recently, the Euro bounced off this line and broke above the 1.0440 level again. Currently, it is trading within the seller zone, and I anticipate a correction toward the support line of the broadening wedge before the price resumes its upward movement. Given this outlook, my TP is set at 1.0540 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
1
EURUSD Under Pressure! SELL! My dear followers, I analysed this chart on EURUSD and concluded the following: The market is trading on 1.0473 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.0403 Safe Stop Loss - 1.0514 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. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
EURUSD Expected Growth! BUY! My dear subscribers, This is my opinion on the EURUSD next move: The instrument tests an important psychological level 1.0426 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.0448 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
Pound-yen’s losses continue amid high volatilityDespite mostly positive data from the UK recently considering the circumstances, the yen remains relatively strong against the pound compared to much of the last quarter. Demand for havens is still high as trade wars between the USA and various other countries continue while participants widely expect the Bank of Japan to continue hiking rates moderately this year. Pound-yen is normally among the most volatile forex majors but instability has been particularly high over the last few months compared to most of 2024. ¥185 seems to be a very strong zone of demand based on performance in the third quarter of 2024, but before that around ¥187.20 there seems to be a significant support which could resist testing. There’s no clear signal now from the slow stochastic, which is closer to neutral than overbought. The value area between the 50 and 100 SMAs, ¥193-194, could be an important short-term resistance. The absence of top-tier data affecting GBPJPY in the next few days makes picking a position here more challenging, so waiting for confirmation of a break or bounce from ¥189 might make sense. This is my personal opinion, not the opinion of Exness. This is not a recommendation to trade.
by Michael_Stark_Exness
Cable eyes a break above $1.26The pound has generally done better against the dollar since around the middle of last month amid moderately strong data from the UK considering the circumstances. Inflation, preliminary GDP and average earnings have all beaten expectations at least slightly this month. Meanwhile the dollar’s long uptrend against various currencies has mostly paused for breath in recent weeks as traders await further trade-related developments. The area of $1.26 and the 100 SMA looks like quite a strong resistance which the price is currently testing. It’s questionable whether there’ll be a breakout from here given the overbought signal from the slow stochastic and the pound’s weak reaction to 19 February inflation, but if it does continue upward, the obvious medium-long term target would be around $1.28, near the 200 SMA. Before that, $1.27 also looks likely to be a significant resistance based on the presence of the 50% monthly Fibonacci retracement around there. A break back below the 38.2% Fibo doesn’t seem likely unless sentiment shifts strongly in the next few days, but the price might retrace lower to retest the 50 SMA from Bands around $1.242. The next sustained direction might become more clear based on the reaction to American second estimate GDP and PCE on 27 and 28 February respectively. This is my personal opinion, not the opinion of Exness. This is not a recommendation to trade.
by Michael_Stark_Exness