ultreosforex

ultreosforex Updated 

GBP/CHF has broken out of a descending wedge formation on the 4H chart, indicating a bullish shift in momentum. This move is supported by a recovering GBP, driven by better-than-expected UK GDP data and BoE easing expectations already priced in. Meanwhile, CHF is softening on safe-haven unwinding and a less aggressive SNB tone. Technicals point to a clean breakout...

ultreosforex Updated 

US30 (Dow Jones) has successfully broken out of a symmetrical triangle consolidation pattern, signaling a shift toward bullish momentum. The breakout is occurring after a strong recovery from April lows, with higher lows supporting upward price pressure. 🔹 Chart Structure: Symmetrical triangle with a clean breakout above descending resistance. Series of higher...

ultreosforex

GBPNZD is showing signs of topping after testing key resistance near the 2.25 zone. A rising channel has broken to the downside, followed by a bearish consolidation structure on the daily timeframe. With the BoE divided on rate cuts and the RBNZ likely holding firm amid sticky inflation, the macro landscape favors a bearish correction. Technical targets align with...

ultreosforex Updated 

EURUSD appears to be carving out a series of lower highs, showing potential signs of distribution. With price compressing inside a symmetrical triangle following multiple failed breakout attempts, the stage could be set for a bearish breakdown. This comes as U.S. inflation and Fed policy hold the spotlight and the euro faces political and structural crosswinds. 📉...

ultreosforex Updated 

GBPJPY has broken out of a descending wedge and is now retesting the breakout zone near 189.50–189.80. This area aligns with previous structure support and the wedge's upper boundary. Price action indicates bullish momentum is resuming. 🔑 Key Levels: Current Price: 189.66 Breakout Level: ~189.50 Resistance Targets: TP1: 190.55 (recent resistance high) TP2:...

ultreosforex Updated 

AUDJPY is maintaining strong bullish structure after breaking through key resistance around 91.65. Price is forming higher lows supported by an ascending trendline, indicating healthy buyer momentum. Fibonacci retracement levels show price holding above the 50% and 61.8% zones, strengthening the bullish case. 🔑 Key Levels: Current Price: 91.65 Support Zone:...

ultreosforex Updated 

AUDUSD has broken below a rising wedge formation on the 4H chart, signaling a bearish continuation. With the Reserve Bank of Australia pausing rates and weak local data weighing on sentiment, while the Federal Reserve maintains a hawkish hold due to sticky labor costs, this trade sets up well both technically and fundamentally. I'm watching for downside...

ultreosforex Updated 

USD/CAD has bounced off strong support near 1.3770, forming a clean bullish structure into a pivotal week dominated by the FOMC meeting. Price action shows higher lows and a tightening range, signaling a potential breakout. With the Fed expected to hold rates but maintain a hawkish tone, the USD may regain strength — especially against the CAD, which remains under...

ultreosforex

USDJPY pair is reacting to key supply around 143.70–144.00 but shows signs of weakness after failing to hold above this level. With renewed risk-off sentiment and escalating global trade tensions—especially involving Japan and the U.S.—this pair may be setting up for a bearish continuation. Here's what both the chart and macro backdrop suggest. 📊 Technical...

ultreosforex

CHFJPY pair is showing signs of exhaustion near a strong resistance zone just under 176.00. With price action printing multiple rejections and forming lower highs, the setup favors a bearish bias heading into mid-Q2 2025. With Japanese yen sentiment strengthening despite market doubts and Swiss inflation data showing stagnation, the technical picture is aligning...

ultreosforex

GBPNZD pair is setting up for a potential bearish continuation as technical patterns and macroeconomic context align. With key central bank events on the horizon this week—including the Bank of England rate decision and New Zealand's employment data—volatility is expected. Traders should be cautious yet prepared, as current price action suggests a possible...

ultreosforex

Ascending Structure: Price action has been respecting a series of higher lows, supported by an ascending trendline – a key indicator of bullish pressure. Bullish Flag/Wedge Formation: The current price is consolidating inside a rising wedge, typically seen as a continuation pattern in bullish trends, especially when preceded by a strong rally. Breakout Zone: A...

ultreosforex Updated 

Key Resistance Zone: 1.0780 – 1.0800 The pair tested this area twice and failed to break above, forming a clear double-top pattern. This is a bearish signal suggesting buyers are exhausted. Price Action: A strong bearish rejection candle followed the second resistance test, aligning with historical resistance and structure. The pair is now showing signs of...

ultreosforex

EURCHF is trading above the previous breakout zone near 0.9396–0.9400, confirming a shift toward bullish structure. Price action shows a clean breakout from consolidation, aiming for the 0.9485–0.9546 resistance zones next, supported by strong momentum. Support Zone: 0.9385–0.9400 (previous resistance turned support) Immediate Resistance: 0.9485 (61.8% Fib...

ultreosforex

GBPUSD has clearly rejected the 1.3413–1.3443 resistance zone—a key area that previously acted as strong supply in September 2024. The pair has formed a bearish rejection candle and is now showing signs of downward momentum. Key Levels: Resistance: 1.3413 – 1.3443 (major rejection zone) TP1: 1.3176 (minor structure) TP2: 1.3014 (key demand zone) TP3: 1.2890...

ultreosforex

CHFJPY recently rejected strongly from the 176.15 resistance zone, a level that has historically acted as a ceiling since mid-2023. After a parabolic rise into this resistance, we’re now seeing early signs of a bearish reversal pattern, indicating sellers may be regaining control. Key Technical Levels: Current Price: 173.19 Resistance Zone: 176.15 – 177.07...

ultreosforex

EURCHF has bounced sharply from a long-standing demand zone around 0.9200–0.9260, forming a potential double bottom. Price action suggests a bullish correction is underway, with upside targets at: 🎯 TP1: 0.9352 🎯 TP2: 0.9409 🎯 TP3: 0.9499 🚨 Invalidation Zone: Below 0.9200 The strong rejection from this support zone, combined with bullish structure building,...

ultreosforex

NZDCHF has formed a clear inverse head & shoulders pattern on the 4H chart, with price currently hovering above the neckline at 0.4840. The technical breakout remains valid, with bullish targets at: TP1: 0.4993 TP2: 0.5078 SL: Below 0.4740 🧠 Fundamental Update – NZ Trade Balance (Apr 21): Latest Data: Actual: +80M Forecast: +510M Previous: +510M ✅ Still...