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Will the Japanese Yen Continue to Strengthen?On Thursday, the Japanese Yen soared to a two-month high as investors increased their bets, that the Bank of Japan would raise interest rates again later in the year. Meanwhile, the market remains jittery over concerns surrounding new tariff threats from U.S President Donald Trump. BOJ Governor Kazuo Ueda mentioned that he had a routine meeting with Japanese Prime Minister Shigeru Ishiba to discuss the economy and financial markets, but the recent rise in long-term interest rates was not mentioned. Nevertheless, investors are already expecting a sooner-than-expected rate hike. This view has been bolstered again by domestic data suggesting that further policy tightening might be feasible. From a technical analysis perspective, the MARKETSCOM:USDJPY pair has been in a bullish trend since mid-September, characterized by higher highs and higher lows. However, bearish momentum has regained control since mid-January, pushing the price downward within a descending channel, as indicated by lower highs and lower lows. Currently, the price has broken below the support zone with significant bearish momentum. However, it is crucial to wait for the daily candle to close. If the daily candlestick manages to close within the support zone, it indicates that the support zone is respected, potentially allowing bullish momentum to regain control and drive the price upward. Conversely, if the daily candlestick fully breaks and closes below this support zone, the price is likely to move lower.
by Marketscom
#GBPCHF 4HGBPCHF (4H Timeframe) Analysis Market Structure: The price is forming a rising wedge pattern, which is typically a bearish reversal pattern. This suggests that the upward momentum is weakening, and a potential downside move could follow if the price breaks below the lower trendline. Forecast: A sell opportunity may arise if the price confirms a breakdown from the rising wedge pattern, signaling increased selling pressure. Key Levels to Watch: - Entry Zone: A sell position can be considered after a confirmed breakdown below the wedge support. - Risk Management: - Stop Loss: Placed above the recent swing high to minimize risk. - Take Profit: Target key support levels based on previous price action. Market Sentiment: The rising wedge indicates potential bearish momentum. A confirmed breakdown with strong price action can provide better validation for the sell setup.
Short
by PIPSFIGHTER
GBPUSD - ANALYSIS👀 Observation: Hello, everyone! I hope you're all doing well. Let me share my personal view on GBP/USD with you. Based on the daily timeframe, a key level to watch is 1.26172. If this level is broken to the upside, I expect further bullish momentum for GBP. 📉 Expectation: Bullish Scenario: A breakout above 1.26172 could lead to further upside movement. Bearish Scenario: If this level holds, I anticipate GBP to start a strong downtrend, targeting the range of 1.20978 to 1.20571. 💡 Key Levels to Watch: Resistance: 1.26172 Support: 1.20978, 1.20571 💬 What’s your outlook on GBP/USD? Let me know your thoughts in the comments! Trade safe
Short
by PouyanTradeFX
#EURNZD 4HEURNZD (4H Timeframe) Analysis Market Structure: The price is forming a flag pattern, which is generally considered a continuation pattern. This indicates that the market is in a temporary consolidation phase before potentially resuming its previous upward trend. Forecast: A buy opportunity may arise if the price breaks above the flag resistance, confirming bullish momentum. Key Levels to Watch: - Entry Zone: A buy position can be considered after a confirmed breakout above the flag pattern. - Risk Management: - Stop Loss: Placed below the recent swing low to minimize risk. - Take Profit: Target key resistance zones based on previous price action. Market Sentiment: The flag pattern suggests that the market is pausing before continuing its upward movement. Waiting for a breakout confirmation will help validate the trade setup.
Long
by PIPSFIGHTER
2
EURUSD Will Fall! Sell! Please, check our technical outlook for EURUSD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1.043. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.041 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. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
EURGBP: Bullish Harmonic Pattern in a Strong ZoneEURGBP: Bullish Harmonic Pattern in a Strong Zone EURGBP has completed a bullish harmonic pattern within a robust zone. Despite this, the likelihood of the price testing the entire red zone remains high. It's crucial to be careful and closely monitor the price's reaction. Key resistance zones for the harmonic pattern are 0.8307, 0.8335, and 0.8370. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️ Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by KlejdiCuni
1
GBPUSD Will Go Higher From Support! Long! Here is our detailed technical review for GBPUSD. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 1.261. The above observations make me that the market will inevitably achieve 1.268 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. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
2
Lingrid | AUDUSD capitalizing on the BULLISH ContinuationFX:AUDUSD market continues to make higher highs, indicating that bulls are in control. The price has formed a range zone near last week's high, and there is a chance it may break above and reach higher levels. The market formed a small pause before continuing, as the price closed above the psychological level of 0.63000. On the daily timeframe, the price took liquidity below the previous day's low, and the subsequent move higher demonstrates bullish dominance. I expect the price to move toward the upper border of the channel. My goal is resistance zone around 0.64380 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
3
USD/JPY Price Forecast – Strong Downtrend in PlayUSD/JPY is following a strong downtrend line, respecting the bearish momentum. Wait for a proper support line breakdown before entering trades for maximum confirmation. 📊 📊 Technical Analysis: ✅ 📉 Strong Downtrend – Price is consistently respecting the trendline ✅ 🔎 Support Line Breakdown – Key confirmation for further downside ✅ 📊 EMA 200 – Acting as a dynamic resistance level 🎯 Technical Target Levels: 📌 147.20 – First bearish target 📌 142.00 – Final extended target 📢 Trading Strategy 🔹 Wait for a confirmed breakdown before entering trades 🔹 Ensure strong bearish momentum & volume for validation 🔹 Follow the trend & manage risk with a proper stop-loss above resistance 📉 The setup is aligning—stay patient, follow the trend, and capitalize on the move! 💰🔥 📌 Like, comment & follow for more updates! 🔔
Long
by Jos_Pro_Trader
EURUSD - ANALYSIS👀 Observation: Hello, everyone! I hope you're all doing well. Let me share my personal view on EUR/USD with you. Based on the 15-minute timeframe, EUR/USD is currently in a downward trend. However, if the price breaks above 1.04414, I expect a potential bullish reversal. 📉 Expectation: Bullish Scenario: A breakout above 1.04414 could push the price toward 1.05330 as the first target and 1.06011 as the second target. Bearish Scenario: If the breakout fails, the downtrend may continue. 💡 Key Levels to Watch: Resistance: 1.04414, 1.05330, 1.06011 Support: Monitor price action below 1.04414 💬 What’s your outlook on EUR/USD? Let me know your thoughts in the comments! Trade safe
Short
by PouyanTradeFX
+200 pips Best Level to Short GBPCHF from Resistance🔸Hello traders, let's review the H6 chart for GBPCHF today. Trading near premium prices of the multiweek range, closing in on heavy S/R Currently risk/reward is shifting in bears favor, so it's recommended to look for sell side setups in GBPCHF. 🔸Heavy overhead mirror S/R zone at 1440/1460 expecting reversal from overhead resistance. current bid is 1380so final push required before we can get a decent entry on sell side. 🔸Recommended strategy for GBPCHF traders: short any rips/rallies near S/R 1440/1460 price is currently trading near premium levels and is almost maxed out already, limited upside. TP1 bears 1260 TP2 bears 1230 pips final exit 1230 +200 pips. This is a swing trade setup so naturally will take more time to complete / hit targets. good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
Short
by ProjectSyndicate
29
GBPUSD: hovers around 1.2600GBP/USD holds ground around 1.2600 in the European session on Thursday. The pair is helped by a modest US Dollar downtick but broad risk-off mood due to renewed tariff threats from US President Donald Trump could limit the risk sensitive Pound Sterling. GBP/USD Technical Overview The Relative Strength Index (RSI) indicator on the 4-hour chart declines toward 50, reflecting a loss of bullish momentum. On the downside, 1.2530 (Fibonacci 61.8% retracement level of the latest downtrend) aligns as first resistance before 1.2500 (round level, static level) and 1.2470 (100-period Simple Moving Average). Looking north, first resistance could be spotted at 1.2650 (Fibonacci 78.6% retracement) before 1.2700-1.2710 (round level, static level).
Long
by xauusd_rr
AUD/USD - Bullish Engulfing at Support for Long Entry📈 Trade Idea: Long AUD/USD Analysis: Price formed a bullish engulfing candle off the 0.6360 support zone, signaling strong buyer interest. This level was previously a resistance zone, now acting as support. The engulfing pattern confirms momentum shift, making it a strong entry trigger. Trade Plan (Based on Chart Setup): 🔹 Entry: 0.6361 (Bullish engulfing confirmation) 🔹 Stop Loss: 0.6346 (Below support and engulfing low) 🔹 Take Profit: Fixed at 2R Risk/Reward: ✅ Stop Loss: ~15 pips ✅ Take Profit: ~30 pips (2R target) ✅ Risk-Reward Ratio: 1:2 Why this trade? ✔️ Bullish engulfing at key support ✔️ Break and retest confirmation ✔️ Strong momentum shift in favor of buyers 📌 Looking for price to hold above 0.6360 to maintain bullish momentum.
Long
by riojulianprt62512