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CHF/JPY Analysis | Potential Reversal or Continuation ? CHF/JPY Technical Analysis & Forecast 📉 Market Overview: Swiss Franc / Japanese Yen (CHF/JPY) – 4H Chart : The pair is currently trading within a well-defined descending channel, signaling a sustained bearish trend. The price action has consistently followed a lower high and lower low structure, confirming the prevailing downtrend. However, recent price movements suggest potential signs of reversal as the pair approaches a key support zone. Let’s dive into the details. 🔍 Key Technical Highlights: ✅ Descending Channel: The market has been respecting a downward sloping trendline, indicating ongoing bearish pressure. ✅ Major Support Zone: The pair has tested a crucial quarter fulfillment level, a historically strong support area. ✅ Double Bottom Formation: A potential reversal pattern is forming, hinting at a possible upward move. ✅ 50 EMA Acting as Dynamic Resistance: The price remains below the 50-period Exponential Moving Average, a key level to watch for bullish confirmation. ✅ Resistance Levels: The 169.000 (50% Fib) and 172.000 (75% Fib) levels are the next upside targets if buyers gain control. 📊 Prediction & Outlook: 🔹 Bullish Scenario: A successful break above dynamic support/resistance and the 50 EMA could trigger a bullish move toward 169.000 and potentially 172.000. 🔹 Bearish Scenario: Failure to hold the current support could see the pair continue its downward trajectory within the channel, with potential targets around 163.250. 🔹 Key Confirmation Point: A breakout above the support & resistance zone (~168.000) would strengthen bullish momentum, while a rejection could lead to further downside. 📢 Trader’s Takeaway: 🔹 Short-term traders should watch for confirmation of the double bottom breakout. 🔹 Swing traders may look for opportunities within the current channel structure, capitalizing on both reversals and trend continuations. 🔹 Risk management is crucial; a break below 166.000 may invalidate bullish setups. Stay tuned for more updates and trade wisely! 🚀 Follow me for real-time insights and forecasts. OANDA:CHFJPY FX:CHFJPY VANTAGE:CHFJPY
Short
by OfficialKieranTrewick
EUR/JPY: Bullish Reversal in Progress?EUR/JPY has been in a downtrend, but recent price action suggests a potential reversal is forming. Key support at 155.821-156.042 has held strong, with multiple rejection wicks (highlighted in red ovals), indicating buying pressure at these levels. The double bottom pattern (bullish reversal structure) is evident, further strengthening the case for an upside move. The Fibonacci retracement levels align with key resistance zones, with 161.8% (160.987) and 164.774 as major upside targets. 📈 Bullish Confirmation & Upside Potential: ✅ Price is bouncing from a strong support zone 🚀 ✅ Breakout above the descending trendline could trigger further buying momentum ✅ Moving Average (50-day) is acting as dynamic resistance; a break above it can fuel the rally 🎯 Key Targets: 🔹 First target: 158.000 (Psychological Level) 🔹 Second target: 160.987 (Fibonacci 0.618 level) 🔹 Final target: 164.774 (Major Resistance Zone) 🔻 Risk Management: ❌ Stop-loss below 155.821 to protect against further downside
Long
by mywork072
NZD/USD Long Trade Setup (Next Week) 📌 Market Overview & Analysis • The NZD/USD pair has recently tested a key support level around 0.5550 and showed signs of bullish rejection, suggesting a potential reversal. • Price is currently trading around 0.5740-0.5750, which aligns with the 0.236 Fibonacci retracement level from the recent downtrend. • A break above this level could confirm a move towards the 0.382 Fibonacci retracement level (~0.5880) as the first target (TP1). • If momentum continues and market conditions support further upside, we will hold for TP2, which will depend on price action and momentum near the 0.618 Fibonacci level (~0.6056). 📊 Trade Plan 📍 Entry: • Long Position: Enter between 0.5730–0.5750, confirming bullish momentum with a break and close above 0.5747 (0.236 Fib level) on the 4H or daily timeframe. 🎯 Target Prices (Take Profit - TP): • TP1: 0.5880 (0.382 Fibonacci retracement level) • TP2: 0.6056 (0.618 Fibonacci retracement level, conditional on momentum) 📉 Stop-Loss (SL): • Below recent low at 0.5600, keeping a risk-reward ratio of at least 1:2. 📈 Trade Management & Exit Strategy: 1. If price reaches TP1 (0.5880): • Secure partial profits. • Move stop-loss to breakeven for remaining position. 2. If bullish momentum continues: • Hold towards TP2 (0.6056). • Monitor price action at resistance levels. 3. If market shows signs of rejection at 0.5880: • Consider exiting the full position. 📌 Market Conditions to Watch: • DXY (US Dollar Index): Weakness in the USD could further support NZD/USD upside. • Fundamental Events: Keep an eye on RBNZ and Fed statements, employment data, and CPI reports. • Momentum Confirmation: Ensure price is holding above 0.5747 before entering. 📝 Summary: • Trade Direction: Long • Entry: 0.5730–0.5750 • SL: Below 0.5600 • TP1: 0.5880 (0.382 Fib) • TP2: 0.6056 (0.618 Fib, if momentum sustains) • Risk-Reward Ratio: 1:2 or better • Key Confirmation: Bullish breakout & momentum
Long
by FX_YDNA
GBPUSD Is Very Bullish! Buy! Take a look at our analysis for GBPUSD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.263. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.267 level soon. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
AUDJPY Bearish, The Week Ahead 24 Feb ’25 The AUDJPY currency pair price action sentiment appears bearish, supported by the longer-term prevailing downtrend. The recent oversold bounceback is retesting major resistance at 97.30. The key trading level is at 97.30, which is the current swing high, 50 Day Moving Average and previous support now newly formed resistance. An oversold rally from the current levels and a bearish rejection from the 97.30 level could target the downside support at 94.30 followed by 93.50 and 91.40 levels over the longer timeframe. Alternatively, a confirmed breakout above 97.30 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 98.50 resistance followed by 100.00 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
USD/CHF Poised for a Bullish Reversal at Key SupportThe USD/CHF pair is currently trading near a significant support level around 0.8950, with bullish signals emerging. The harmonic Bat pattern suggests a potential reversal, aligning with historical price reactions at similar levels. Additionally, the presence of green buy markers and RSI indicators approaching oversold conditions indicate possible upward momentum. If price sustains above the 0.8950 region, a bullish move towards 0.9000 and beyond could unfold, with further resistance around 0.9120. Confirmation of reversal signs, such as bullish candlestick formations and RSI divergence, will strengthen the case for a recovery.
Long
by BeaucoupPips
GBP/USD Analysis for the Coming Week (Feb 17 - 21) Market Overview: Last week, the pound experienced significant gains, driven by stronger than expected UK GDP reports. Despite strong CPI figures, the dollar generally weakened due to Trump's reciprocal tariffs wait. Price Action: Weekly Performance: Price bounced off the weekly iFVG to close higher, taking out previous weekly highs. Imbalances: Multiple imbalances were left, most notably the daily FVG which aligns with the 4-hour and 1-hour buy-side imbalances. Targets: Price is expected to fill these imbalances and move higher, targeting: Last week's high at 1.2630 External range liquidity at 1.2665 and 1.2700 Monthly Outlook : The monthly candle is being pulled towards the imbalance at 1.2800. Monday is a holiday no news will be waiting for trump speech on tuesday a, uk cpi y/y wednesday together with FOMC. Conclusion: Overall, GBP/USD is set to continue its upward momentum, with key levels to watch being 1.2630, 1.2665, 1.2700, and 1.2800.
Long
by hskarue
EURUSD Buy zone @1.07150 H4 chart analysisHere's a simple and effective post you can share with traders: 📊 EUR/USD Trade Setup 📊 🔹 Buy Zone: 1.07150 🔹 Target Point: 1.07500+ 🔹 Stop Loss: 1.06303 🕵‍♂ H4 Chart Analysis: ✅ Strong support at 1.07150 ✅ Potential bullish reversal signals ✅ Favorable risk-to-reward ratio 📌 Trade Wisely! Manage risk properly. Would you like any modifications or a chart to go with it? Your buy zone at 1.07150 on the EUR/USD H4 chart suggests a potential support area where buyers might step in. Here are key factors to consider: H4 Analysis 1. Support & Resistance: If 1.07150 aligns with previous support levels, it could be a strong buy zone. Look for confirmation via candlestick patterns (e.g., bullish engulfing, pin bar). 2. Trend & Structure: Is the overall trend bullish or in a pullback? If it's an uptrend, 1.07150 could be a great retracement entry. If it's a downtrend, wait for strong rejection signals. 3. Indicators Confirmation: Fibonacci Levels: Does 1.07150 align with 38.2%, 50%, or 61.8% retracement? RSI & Stochastics: If oversold, a bounce is likely. Moving Averages: Check for support around the 50/200 EMA. 4. Price Action Signals: A strong bullish candle around 1.07150 increases the probability of reversal. A break and retest pattern could confirm a safe entry. Trade Setup Entry: Buy around 1.07150 if confirmation appears. Stop Loss: Below recent swing low (~1.07000 or lower). Take Profit: Key resistance zones (1.07500, 1.07800, or higher). Risk-Reward: Maintain at least 1:2 or 1:3 RR ratio. Would you like an updated chart analysis or any specific insights on EUR/USD?
Long
by Geroge_Fx
GBP/USD: Distribution Signals a Drop to 1.25GBP/USD appears to be in a distribution phase, struggling to break through resistance around 1.2620. The price has formed multiple rejection points at this level, indicating weakening bullish momentum. The recent lower high, combined with a potential break of the ascending trendline, suggests sellers are regaining control. If price breaches the key support zone, a move towards the 1.2500 region becomes increasingly likely. With a bearish harmonic pattern and liquidity grab indications, GBP/USD could see further downside as selling pressure intensifies.
Short
by BeaucoupPips
EUR/USD Breakout PotentialIt's been a grinding month of February so far but the big takeaway at this point for EUR/USD has been deductive in nature, and that's the fact that sellers haven't been able to break any fresh ground below the January low. Early-Feb saw the threat of tariffs drive a spike-low in the pair, but that held above 1.0200, and then as the tariff threat seemed to recede a bit, EUR/USD pushed up to 1.0500 for two different tests of the big figure. At this point bulls haven't exactly taken over matters, but the slow build of 'less bearish' can then lead into bullish breakouts. In EUR/USD, the Fibonacci retracements produced by the 2021-2022 sell-off, and then the 61.8% bounce from that sell-off, continue to highlight important levels. The 1.0200 level is confluent with the 23.6% retracement of the longer-term move and the 61.8% retracement of the shorter-term move plotting within a single pip of each other. The 50% mark of the shorter-term move from the 2022 low to the 2023 high (which was the 61.8% retracement of the longer-term move) is what helped to hold support last week, after showing as resistance the week before. And sitting overhead is the 1.0611 level, which is confluent as this is the 38.2% retracement of the shorter-term move as well as the 38.2% retracement of the 2022-2023 move. If EUR/USD can push a breakout, that's the next major level of interest. - js
by FOREXcom