Forex market
GBP/USD Breaks $1.3202: Bullish Market InsightsFenzoFx—The GBP/USD currency pair shows strong bullish momentum, breaking above $1.3202 yesterday. With overbought signals from the Stochastic indicator, a consolidation phase may lead to declines toward $1.3144 and $1.3030.
Traders should watch for bullish candlestick patterns near these support levels.
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AUDCAD Is Very Bullish! Long!
Here is our detailed technical review for AUDCAD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 0.853.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.869 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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 30M CHART PATTERNThis chart displays a potential short trade setup for GBP/USD on the 30-minute timeframe. Here's a breakdown of what it's showing:
Entry Point: The red downward arrow near the top indicates a suggested entry for a short trade (selling).
Stop Loss: Positioned just above the recent high around the 1.32900 level, marked in red.
Take Profit Targets:
1. First target at the previous support zone around 1.32400.
2. Second target slightly below, around 1.32050.
3. Final target near the bottom support zone around
GBPUSD BUY 1.3250On the daily chart, GBPUSD stabilized and moved upward after stepping back to the support of the upward trend line, and the short-term bullish trend is obvious. At present, the upper side focuses on the previous supply area of 1.331-1.343. A breakthrough will further open up the upward space. At present, you can pay attention to the buying opportunity near 1.3250.
GBPUSD Wave Analysis – 16 April 2025
- GBPUSD broke key resistance level 1.3200
- Likely to rise to the resistance level 1.3400
GBPUSD currency pair is rising sharply after the recent breakout of the key resistance level 1.3200, which stopped the previous minor impulse wave A at the start of April.
The breakout of the resistance level 1.3200 accelerated the active impulse waves i and C – which belong to wave (B) from January.
Given the bearish US dollar sentiment seen today coupled with sterling optimism, GBPUSD currency pair can be expected to rise to the next resistance level 1.3400 (target price for the completion of the active wave C).
[_] ONENTRYGBPUSD - ‘2FIB Strategy’ by ONENTRY
Timeframe: 30 Minutes
Session: London & New York
---
### **Step 1: Identify the Overnight Range**
- Mark the **high** and **low** of the price range between **00:00 - 06:30 (+2GMT)**.
- Mark up **50% of the overnight range**:
- Wait for a **clear breakout** with a candle *closing* above (for longs) or below (for shorts) the range.
---
### **Step 2: Apply Fibonacci Levels**
- After the breakout, use the **Fibonacci retracement tool**:
- **Anchor Point 1 (Start):** Close of the breakout candle body.
- **Anchor Point 2 (End):** Drag to the **50% level of the overnight range**
- Key retracement levels for entry: **0.5 and 0.35 Fibonacci**.
---
### **Step 3: Trade Execution**
- **Entry:** Enter on a pullback to **0.5 or 0.35 Fib level** after the breakout.
- **Stop Loss:**
- *Long trades:* Below the **low of the breakout candle**.
- *Short trades:* Above the **high of the breakout candle**.
- **Take Profit Targets:**
- **TP1:** 1.0 Fib extension (initial target).
- **TP2:** 1.25 Fib extension.
- **TP3:** 1.6 Fib extension.
- **TP4:** 2.3 Fib extension (runner position).
---
### **Step 4: Trade Management**
- Move SL to breakeven when price hits **TP1**.
- Close all remaining positions before midnight.
USDJPY LONG FORECAST Q2 W16 D16 Y25USDJPY LONG FORECAST Q2 W16 D16 Y25
Good morning all.
It may look like we are holding onto a bias. I can understand why that assumption is created. However, a short position is invalid for FRGNT whilst in a higher time frame order block long.
As per, that does not mean LONG blindly.
Two set ups illustrated.
1) 15' Break of structure
2) Lower time frame Break of structure without 15' break.
Trading is risky.
Both positions of course come with a side dish of risk and reason to loose. The question is, would you like to see USDJPY explode long without you?
Lets see how price actions plays.
FRGNT X
USD/JPY(20250416)Today's AnalysisMarket news:
U.S. import prices fell 0.1% in March from the previous month, the first month-on-month decline since September last year.
Technical analysis:
Today's buying and selling boundaries:
143.10
Support and resistance levels
144.08
143.72
143.48
142.72
142.48
142.11
Trading strategy:
If the price breaks through 143.10, consider buying, the first target price is 143.48
If the price breaks through 142.72, consider selling, the first target price is 142.48
AUDUSD(20250416)Today's AnalysisMarket news:
U.S. import prices fell 0.1% in March from the previous month, the first month-on-month decline since September last year.
Technical analysis:
Today's buying and selling boundaries:
0.6346
Support and resistance levels:
0.6414
0.6388
0.6372
0.6320
0.6304
0.6278
Trading strategy:
If the price breaks through 0.6346, consider buying, the first target price is 0.6372
If the price breaks through 0.6320, consider selling, the first target price is 0.6304