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EURCAD - LongEURCAD Analysis - LONG 👆 In this Chart EURCAD H1 Timeframe: By Nii_Billions. ❤️This Chart is for EURCAD market analysis. ❤️Entry, SL, and Target is based off our Strategy. This chart analysis uses multiple timeframes to analyze the market and to help see the bigger picture on the charts. The strategy uses technical and fundamental factors, and market sentiment to predict a BULLISH trend in EURCAD, with well-defined entry, stop loss, and take profit levels for risk management. 🟢This idea is purely for educational purposes.🟢 ❤️Please, support our work with like & comment!❤️ 🟢🟢🟢🟢🟢❤️❤️❤️❤️❤️MERRY CHRISTMAS ❤️❤️❤️❤️❤️❤️🟢🟢🟢🟢🟢
Long
by Nii_Billions
GBPNZD Will Go Lower! Sell! Here is our detailed technical review for GBPNZD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 2.218. Considering the today's price action, probabilities will be high to see a movement to 2.208. 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!
Short
by SignalProvider
1
EURGBP in a Tug-of-War: A Looming Short Opportunity?The EURGBP market has been experiencing a period of consolidation, confined within a well-defined range between a robust support zone at 0.82300 and a notable resistance zone at 0.83300. This sideways movement reflects the market’s indecision, as traders await key signals to determine the pair’s next major directional move. Currently, the price action has demonstrated a rebound off the lower boundary of this consolidation range—the support level at 0.82300—which has proven to be a formidable floor, absorbing selling pressure and providing a base for upward momentum. Following this bounce, the pair is now gravitating toward the upper boundary of the range near 0.83300, a level that has repeatedly acted as a ceiling, thwarting bullish attempts to break higher. What makes the current setup particularly compelling is the confluence of technical factors near the resistance zone around 0.83000. Not only does this area align with the horizontal resistance level, but it is also reinforced by an upward trendline, creating a potential intersection of supply that could catalyze a bearish reversal. The presence of this dual-layered resistance amplifies the probability of a pullback from these levels, as buyers may struggle to sustain upward momentum in the face of intensified selling pressure. Given this context, I anticipate that the market is likely to react at the resistance zone by staging a pullback, potentially retesting the midpoint of the consolidation range as the pair oscillates within its established boundaries. My primary focus remains on the support zone around 0.82700 as a key target for this anticipated downward correction. This level not only sits comfortably within the middle of the broader range but also represents a logical area where buyers might reenter the market, seeking to defend the pair from further declines. In summary, the EURGBP pair appears poised for a potential shorting opportunity as it approaches the critical resistance zone near 0.83000. This setup presents a classic case of range-bound market dynamics, where understanding the interplay between support and resistance levels can provide a roadmap for navigating price fluctuations. Patience will be crucial in this scenario, as the market's reaction to the resistance zone will likely determine the next phase of price action. Whether the pair ultimately breaks out of its current range or continues to oscillate, the immediate outlook suggests a bearish retracement is on the horizon. (The market decides how much profit you make. You decide how much you lose.)
Short
by lonelyPlayer0
Could the price reverse from here?EUR/NOK is risng towards thepivot and could reverse to the overlap support. Pivot: 11.89923 1st Support: 11.78621 1sst Resistance: 11.98699 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
Fundamental Market Analysis for December 20, 2024 GBPUSDThe Bank of England kept its key rate at 4.75%, which was in line with market expectations. However, three members voted for a rate cut, which came as a surprise and emphasized the regulator's softer stance. This reinforced expectations of significant monetary policy easing in 2025 - the BoE is projected to cut the rate up to four times at 0.25%. In comparison, the Fed is planning less aggressive cuts another 1-2 times, which strengthens the US Dollar's position and puts pressure on the Pound. The economic situation in the UK remains unstable. The Bank of England lowered its GDP growth forecasts for 2024, pointing to weak economic dynamics. Despite the high growth of wages (5.2%), inflation remains above the target level, which requires the preservation of tight monetary policy. At the same time, the regulator noted that its easing will begin only after a steady decline in inflation to 2%. The fundamental background for the British currency remains negative. Investors will follow further statements of the Bank of England and economic data, but in the near future the pound is likely to continue a gradual decline. Trading recommendation: Trading mainly with Sell orders from the current price level.
Short
by Fresh-Forexcast2004
Bullish bounce off 50% Fibonacci support?CAD/JPY is falling towards the pivot which acts as a pullbacksupport and could bounce to the 1st resistance which is an overlap resistance. Pivot: 108.43 1st Support: 107.05 1st Resistance: 109.63 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
EURJPY MARKET ANALYSIS AND PRICE PREDICTIONEURJPY, has finished consolidation at the Institutional Renegotiation zone, at 79% Discount Price. Decision has been taken in favor of the Bulls, Price has already broken the renegotiation trend line with a shift candle. Another order has taken place already. Price will retrace a bit to mitigate the order block and give the Bulls a perfect entry at 61.6% discount price. First Target is the Renegotiation resistance To sweep the buyside liquidity, and there will be a liquidity run from there to mitigated the unmitigated order block ahead as the second target. I believe this is the move we will see next week. Entry, Take Profit 1 &2 and Stop Loss are clearly marked on the Chat. GOOD LUCK GUYS!
Long
by Akpambang
GBP/JPY H1 Analysis – OB Bearish and Bullish Scenarios This chart outlines a potential price reaction for GBP/JPY on the H1 timeframe based on **Order Blocks (OB)** and possible market scenarios: ### Key Zones: 1. **OB Bearish Zone (196.750 - 197.000):** - This is a key **supply zone** where sellers may dominate. If price moves into this area, it could trigger bearish momentum, leading to a reversal. 2. **OB Bullish Zone (195.750 - 196.000):** - This is a **demand zone** where buyers are expected to step in. Price entering this zone could initiate a bullish push back toward higher levels. --- ### Possible Scenarios: 1. **Bullish Rejection from OB Bullish Zone:** - If the price reaches the OB Bullish Zone, we expect a possible **bounce upward** toward the OB Bearish Zone. - **Validation:** Price forms bullish rejection candles (e.g., pin bar or engulfing patterns). - **Target:** The OB Bearish Zone around 196.750-197.000. 2. **Bearish Continuation from OB Bearish Zone:** - If the price hits the OB Bearish Zone after a bullish retracement, we anticipate a **rejection** and downward continuation. - **Validation:** Price forms bearish reversal patterns in the OB Bearish Zone. - **Target:** Break below the OB Bullish Zone, extending to lower support levels. 3. **Direct Breakdown Below OB Bullish Zone:** - If the price fails to hold in the OB Bullish Zone, it could lead to a **bearish breakout** toward deeper support levels. - **Validation:** Price closes strongly below the OB Bullish Zone. - **Target:** Lower levels around 194.500 or further down. --- ### Notes: - Monitor candlestick patterns and volume near the key zones to confirm entries. - Be cautious of **false breakouts**; wait for clear confirmation before entering trades. - Use stop-loss levels just below/above the zones to manage risk effectively.
by foureyescoder
EU/USD Technical Analysis ReportEUR/USD Technical Analysis Report December 20, 2024, 06:00 GMT Current Price: 1.03628 Recent Market Events & Price Action Recent FOMC rate cut of 25 basis points (December 18, 2024) accelerated bearish momentum Previous range break (1.05927 - 1.04541) signals strong bearish continuation Yesterday's retracement to 1.04235 identified as liquidity grab before continuation Technical Structure Key Trend Points Downtrend initiated: September 30, 2024 Trend confirmation: Bearish daily engulfing candle (November 5, 2024) Range formation: November 13 - November 27, 2024 Range break: December 18, 2024 (post-FOMC) Moving Average Analysis Price consistently trading below Daily 20 EMA Broken below Daily 200 EMA with sustained movement below Historical Key Level Analysis Major historical level approaching: Previous support: May 12, 2022 Previous resistance: August 9, 2022 Last mitigation: November 15, 2022 Potential Scenarios Bearish Scenario (Higher Probability) If current historical level breaks, expect movement towards: 1.00951 0.99599 0.97402 Bullish Alternative If level holds as support: Potential retracement back to range high (1.05973) Would indicate renewed EUR strength against USD Key Levels to Watch Recent High: 1.04235 (December 19 retracement) Previous Range: 1.05927 - 1.04541 Major Support Levels: 1.00951, 0.99599, 0.97402 Risk Management Considerations Monitor price action around historical support level Watch for potential false breaks Consider reduced position sizes due to recent high-impact news event Note: This analysis is for educational purposes only. Always conduct your own analysis and manage risk appropriately.
Short
by FXCapitalClub
USD/CHF 4H Timeframe AnalysisUSD/CHF 4H Timeframe Analysis Trend Analysis: The USD/CHF pair is currently in an uptrend, with price initially breaking through the minor support at 0.8900 before quickly reversing and breaking the next minor resistance zone at 0.89700. The price then dipped below this level, triggering stop losses and liquidating the buying orders. The liquidity zones have already been tested twice, indicating that the market has cleared out excess positions. Given that the liquidity has already been absorbed, we are now anticipating a continuation of the bullish trend from the liquidity zone. Price Action Expectation: After the liquidity grab, our objective is to wait for the price to break above the next minor key resistance. The plan is to place a buy stop order above the resistance at 0.89940, confirming that the market is ready to continue its upward momentum. A stop loss will be placed below the liquidity zone at 0.89540, ensuring proper risk management. The target for this trade is the next resistance level at 0.90740. Trade Setup: Trade Type: Buy Stop Entry Price: 0.89940 (just above the minor resistance after a breakout) Stop Loss: 0.89540 (below the liquidity zone) Take Profit: 0.90740 (next resistance level) Additional Considerations: We should be mindful of potential market reactions near key levels. If price action fails to break through the resistance at 0.89940, this could signal a potential reversal. Keeping an eye on any external factors, like economic data or geopolitical events, is essential to avoid unexpected volatility. Conclusion: The USD/CHF pair shows potential for further upside, with the market having cleared key liquidity zones. Traders should watch for confirmation of the uptrend with a breakout above 0.89940 and prepare for a move toward the 0.90740 resistance. Risk management through stop loss placement is critical, given the volatility seen in recent price action.
Long
by RebornFXTrader
Interest Rates Are Falling, So Why Is the EUR/USD Declining?Hello everyone, Currently, the EUR/USD pair is trading with a slightly negative bias around 1.0360 in early Friday’s Asian session. The major currency pair remains defensive as the US Federal Reserve adopts a less dovish stance despite cutting interest rates by 25 basis points at its December meeting on Wednesday. In summary: The Fed’s hawkish tone has delivered its intended impact: the dollar has strengthened, and markets have weakened. Today, all eyes are on the November Personal Consumption Expenditures (PCE) Index, the Fed’s preferred measure of inflation. Meanwhile, the EU will release its preliminary estimate of December Consumer Confidence. Technical Perspective: After the initial decline, the price attempted to recover but faced resistance at key levels, highlighted by the blue liquidity zones on the chart. If the price fails to break through the liquidity zone at 1.03894, we could see further bearish pressure. The first target lies at 1.03502, and a break below this level could drive the price toward 1.03000, marking a significant move for the pair. Wishing you all successful trades and great profits!
Short
by Trader-Briannnn
#EURUSD - 20122024After Wednesday's sell down, price action near term price action showed a recovery and I said to short from higher up. Indeed, we saw a move up of over 50pips before an ability to move higher, and it just closed back near the lows. However the lows still hold. Not exactly bearish though IMO, but could be early to say lows is in in terms of daily candle. For lows to be in, might need a flush down and a quick recovery, similar to what I share for indices. I would try for longs today, either from a level lower, 1.0320/333 or if price can break above PZ and hold, a long from higher.
by FadeMeIfYouCan