NZDJPY ShortZooming out to Monthly time frame and looking left suggest NZDJPY testing ALL time price Highs. Looking at 1W and 1D time frames Supply Zones indicate candles getting rejected. My own COT Commitment of Traders Analysis also suggest a Short.Shortby BigBody_Crypto996
Hellena | EUR/USD (4H): Long to resistance area 1.08877.Dear Colleagues, I have redrawn the waves and I believe that the upward movement will still take place, but later than I expected earlier. I believe that the price is completing the corrective wave “2”. I assume that the price may push from the area of 50% Fibonacci Level 1.07481. Then I expect an upward movement to the nearest high of 1.08877, which is an area of strong resistance. Manage your capital correctly and competently! Only enter trades based on reliable patterns!Longby Hellena_TradeUpdated 191931
NZDUSD MARKET LONG TERM SUPPORT LEVELIt looks like you are observing a bullish trend in the NZD/USD currency pair, with the market bouncing off a support level. Here's a more detailed breakdown of the scenario: 1.Current Price Movement: The NZD/USD pair moved up from a price of 0.61436 and touched a support level at 0.61700. 2.Support Level: A support level is where the price tends to find support as it falls. This means the price is more likely to bounce off this level rather than break below it. 3.Bullish Indication: If the market respects this support level and continues to move upward, it indicates a bullish trend.Longby MrCharlie11150
A volatile week ahed - EURUSD Shorts DXY continues to hold its ground. Upcoming news in favour of the US Dollar will drive EURUSD lower. Challenging week up ahed guys, good luck! Shortby TheForexMessiah4420
EUR/USD Longs 1.08300I'm expecting the price to retrace back down to the 4-hour demand zone. Once it reaches this level, I'll wait for price accumulation to buy back up. If the price breaches this zone due to the Asian low underneath, I'll be more interested in the 6-hour demand zone right below, which looks more probable. I anticipate the price to rise and take out the pool of liquidity around the Asian high region. Once this liquidity is taken, I expect the price to slow down and enter the 11-hour supply zone, where we can look for potential selling opportunities. Confluences for EU Buys are as follows: - The Demand zone has caused a CHOCH to the upside. - Lots of liquidity to the upside as well as that wick that needs to get filled. - Price is already been bullish so this is a pro-trend trade. - In order for price to keep going up it must retrace and enter these key levels to trigger a rally. P.S. Since the price hasn't broken another level of structure as I expected, the 6-hour extreme looks more appealing to me. We'll see what the price decides to do on Monday. Have a great trading week and thanks for 1k followers!Longby Hassan_fx1113
EURUSD Trading Plan Day 3/6/24Here is the some trading signals for you .. Buy Zone :-1.07400-1.07200 SL:- 1.06900 SELL ZONE :1.09300-1.09500 SL :-1.09800 BreakOut and retest:- 1.08800 and 1.8000Longby Oliver_Targets1111
GBP_NZD SUPPORT AHEAD|LONG| ✅GBP_NZD will be retesting a support level soon at 2.0675 From where I am expecting a bullish reaction With the price going up but we need To wait for a reversal pattern to form Before entering the trade, so that we Get a higher success probability of the trade LONG🚀 ✅Like and subscribe to never miss a new idea!✅ Longby ProSignalsFx226
Navigating GBPUSD unveiling the Resistance zone It sounds like you're analyzing the GBP/USD currency pair with specific focus on recent price levels and potential future movements. Here's a breakdown of your analysis and some additional context: Breakout from 1.2743: This suggests that the GBP/USD pair has moved above the 1.2743 level, which you likely consider a significant breakout point. Resistance at 1.27020: This level likely acted as a previous resistance that the price has overcome, confirming the bullish sentiment. Next resistance at 1.27750: After breaking the 1.2743 level, you're identifying 1.27750 as the next key resistance level that traders should watch. Bullish sentiment: The overall tone of your analysis suggests that the market is currently bullish, meaning you expect the price to continue rising. "Dancing to the target": This phrase indicates that the price is moving towards the next target or resistance level, which you have identified as 1.27750.Longby MrCharlie11116
AUDCAD: Easy 200+ Pips Bullish Buy! What do you all think? OANDA:AUDCAD Price has failed to breakthrough previous lows anticipating large volume of buyers to enter in the market, which will help us gain 200+ pips . Please use accurate risk management while following this idea. Do your own research too. **If you like our idea, then comment and like the idea which will help us encouraged** Team SetupsFX_Longby Setupsfx_115
EURUSD: Your Support & Resistance Levels For Next Week 🇪🇺🇺🇸 Here is my latest structure analysis and important key levels to focus on EURUSD next week. Resistance 1: 1.0880 - 1.0896 area Resistance 2: 1.0921 - 1.0942 area Resistance 3: 1.0947 - 1.0982 area Support 1: 1.0788 - 1.0800 area Support 2: 1.0723 - 1.0748 area Support 3: 1.0649 - 1.0666 area Support 4: 1.0600 - 1.0619 area Consider these structure for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️ Shortby VasilyTrader2211
EURO - Price can exit from triangle and fall to support levelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A not long time ago price bounced from support area, which coincided with support level, and rose to resistance area. Then EUR started to decline in falling channel and soon exited from resistance area, making fake breakout. In channel, price declined until to support line, broke $1.0820 level, but then it made strong upward impulse. After this, price exited from channel and later started to trades inside triangle, where it fell lower support level again. Soon Euro bounced up from support line of triangle to resistance line, breaking $1.0820 level again. Recently it started to decline, so, I think EUR can little rise and continue to fall to $1.0820 level, exiting of triangle. If this post is useful to you, you can support me with like/boost and advice in comments❤️Shortby WalterMoon113
EURUSD POTENTIAL SELLtheir is a breakout of the trendline to the downside and a deep retest which did not create a new high around 1.08853 before we saw the decline of the 4hr candle, which means that seller are fighting for domination, expecting a sell from 1.08485 back to the support level at 1.07327... the sell bias will be invalidated if price break 1.08839 to the upsideShortby AMBAFX1113
SHORTING EURUSDEURUSD showing strength to push low. Price creating fake break out on 4 hr chart but going to higher time frame, EURUSD is pushing lowShortby LyrebirdCapital114
GBPUSD Hello everyone, what are your thoughts on the trend of GBP/USD? From the analysis charts, it's clear that this currency pair still has upward momentum, moving steadily along the trendline. The higher highs and higher lows continue to support this momentum. I anticipate that the price will climb above the 1.285 level (the upper trendline limit). What about you? What's your target?by Alexander_BennettUpdated 1137
GBPCHF: Bulls to continue pulling upwards! OANDA:GBPCHF GBP has been bullish since last few months especially from the beginning of the year 2024, it is also notable to see how bearish is chf. Going forward, we expect price to continue bullish and it hitting our target is almost certain. Please wait for price to come to our area once it does, please take the trade with accurate risk management. **If you like our work then please like, comment and follow which will encourage us to bring more educational ideas** Team Setupsfx_Longby Setupsfx_2224
GBPUSD ShortExpecting weakness in british pound into week. NFP Week ahead, overall High Time Frame Bullish but Expecting 1st Week as Judas Swing Short into HTF Discount.Shortby rasibsultan113
GBPJPY: Important Decision Ahead 🇬🇧🇯🇵 GBPJPY closed this week, approaching the year's high. Because the trend is strongly bullish, probabilities will be high that the market will keep going higher. Next week, wait for a bullish breakout of the underlined blue area. A daily candle close above 200.75 will confirm the violation. A bullish continuation will be expected then. ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader228
GBP/JPY BEARS ARE STRONG HERE|SHORT Hello,Friends! GBP-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 195.915 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the GBP/JPY pair. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignals225
Do not speak English !!! I only speak chart language!!!Do not speak English !!! I only speak chart language!!!Shortby Abdelfattah_Abbouchi221
EURUSD: ECB rate decisionThe Fed's favourite inflation gauge, PCE Price Index, was standing at 2.7% in April, exactly in line with market expectations. Core PCE was 2.8%, without a change from the previous month. Core PCE was increased by 0.2% on a monthly basis, while PCE index was up by 0.3% for the month. The US CB Consumer Confidence in May was at level of 102.0 much higher from market estimate of 95.9. GDP growth rate, second estimate for Q1 remained at the same level of 1.3% q/q, and was in line with forecast. The Ifo Business Climate in Germany in May was a bit lower from market estimate of 90.4, ending the month at level of 89.3. The GfK Consumer Confidence in Germany in June was at level of -20.9, a bit better from forecasted -22.5. Inflation rate in Germany preliminary for May was 2.4% y/y in line with market expectations. Retail Sales in Germany were standing at -0.6% on a yearly basis in April, a bit better than the -1.9% posted for the previous month. Import Prices in Germany increased in April by 0.7% for the month. Inflation rate in the Euro Zone flash in May was standing at 2.6%, a bit higher from market expectations of 2.5%. Core inflation was standing at 2.9% y/y. For one more week the eurusd currency pair was moving within a relatively short range. The US PCE data were in line with market expectations, in which sense, there was nothing new to price. The highest – lowest weekly range was between levels of 1.078 and 1.088. The currency pair is ending the week at level of 1.084. In line with the low market movements, the RSI was also moving within a short range, around the level of 56-60. Based on the indicator, it seems that the market is still not ready to start a round toward the oversold market side. Moving average of 50 days is slowly diverging from its MA200 counterpart, however, within quite a short distance. PCE data did not provide any surprises to the market during the previous week, however, the week ahead might bring back some higher volatility. In the first place there will be an ECB Meeting and rate decision. The markets are quite optimistic that the ECB might cut its interest rates in June, taking into account inflation which is coming down, and close to 2% target. Still, some surprises might be possible, in case ECB members decide to hold rates a bit longer. On the US side, non-farm payrolls and unemployment rate for May will be posted in a week ahead. In case of any surprises which diverge from market expectations, there might also be some higher volatility. During the previous period, eurusd tested 1.08 resistance line on several occasions. Although breached, there has not been market strength to push the currency pair toward 1.09 level. On the opposite side, the market was testing 1.07 levels, and again was not able to break to the levels below. The week ahead might bring some changes to the current range. This will depend on both ECB decisions, and macro data in the US. Current charts are looking bearish for the week ahead. The next long term support line stands at 1.067, however, it will take more than one week for this level to be reached. At the same time, there is some probability that the market will test 1.09 for one more time, before it starts its final road toward the 1.07 down to 1.067. Important news to watch during the week ahead are: Euro: Unemployment Rate for Germany in May, ECB Interest Rate Decision, ECB Press Conference after the ECB meeting, GDP Growth Rate 3rd estimate for Q1 for the Euro Zone, USD: ISM Manufacturing PMI for May, ISM Services PMI in May, Non-farm payrolls for May, Unemployment Rate for Mayby XBTFX6
GBP/USD Longs from 1.2700 or 1.26700My bias for GU this week is for it to continue its bullish trend, expecting a retracement to an area of demand. I've marked two potential zones of interest: the 3-hour demand and the 10-hour demand just below it. Once the price reaches these levels, I expect it to accumulate and present a clean buying opportunity on the lower time frames. If the price doesn't form a correction and continues upward, I'll look to take sells from a supply zone near 1.27900 or slightly higher. Confluences for GU Buys are as follows: - Demand zone has caused a break of structure to the upside. - Lots of liquidity to the upside as well as that wick that needs to get filled. - Price is already been bullish so this is a pro trend trade. P.S. As of now I will be waiting to see which direction Price would like to go in and prepare myself from there. Have a great trading week guys! THANKS FOR 1K FOLLOWERSLongby Hassan_fx8
Good analysis and advice, hope to help youHello, guys GBPUSD Update: We could be heading for a 1.2860-1.2900 target as the overall PRICE OBJECTIVE for broadening wedge pattern is not met yet. 1.2800 first target achieved, I see a resemblance of the double bottom (trend continuation) pattern repeating itself. So I look forward to LONG (scalp) this pair at any opportunity that presents itself up to target area.by Frederic-FUpdated 5
GBPUSD analysis week 24📌GBP/USD eases from 1.2765, keeping gains modest. GBP/USD hit a two-day peat at 1.2765 during the US session, as US data showed core PCE inflation held steady at 2.8% yoy in the month Private. The pair retreated later as risk aversion triggered demand for the US Dollar. 📌The possibility of the FED cutting interest rates in September is quite low. As the Fed has said they want to see inflation fall for months before considering a move to normalize policy, higher-than-expected inflation would significantly impact markets. FED interest rate cut will be delayed until November. If this index is lower, it will boost the prospect of FED lowering interest rates in September 📌The pair is trading within the border of the uptrend line and is strongly boosted by the EMA 34 and EMA 89 to extend the upward price momentum. The narrow price range of 1,280 and 1,268 that has been maintained continuously for the past two weeks could completely be broken in the next week with further resistance and support levels at 1,288 above and vice versa at 1,265 below. 🕯Trading signals SELL zone 1.28800-1.29000 SL 1.29300 BUY zone 1.26500-1.26300 SL 1.26000by TVS-TraderUpdated 6