Fusion Markets

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Price is back at daily support (tested and rejected in December 2024 and most recently March 2025). Tuesdays daily candle saw a bearish close at the level. If price breaks the high on Wednesday, we could see 0.8850 tested again. From there, price could reject (again) or push higher. The upcoming FOMC statement could change everything though.

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At the end of last week, USD/CAD sat at current 4 hour support at 1.4360 A reversal pattern here next week could lead to a long trade targeting 1.4445 which was the most recent 4 hour resistance. However, a 4 hour close below 1.43600 could lead to sells with a potential target of 1.4286

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The bullish weekly trend for EUR/NZD continues but have the buyers run out of steam for now? Examining the weekly price action. we see that after 2 weeks of strong buying, the last week ended in a Shooting Star candle (also known as a pin candle). This may be a sign that buying pressure has decreased and a natural pullback/correction is now in play. Watch for...

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With price now hitting previous resistance at 1.0940, we may now start to see a correction in the market after the latest 500+ pip move from the bulls. Watch for a change of cycle on smaller time frames.

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With a strong weakening of the US Dollar, EUR/USD has changed it's bearish trajectory. The low of the bear move occurred on 13th January 2025 when price printed a Hammer candle/pin candle. We have since seen a gradual push from the buyers until last week when we witnessed strong, impulsive moves breaking and closing above 1.0600 resistance. We may now see a...

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Since testing and rejecting the demand zone at 1.1170 for a second time, we have seen price gradually descend back towards the rising trendline. Thursdays price action saw a close below the trendline and a possible push from the sellers to test the water. Friday saw buyers back in play but price still closed below the broken trendline. Retest of the trendline...