Nifty Analysis EOD – January 30, 2026 – Friday🟢 Nifty Analysis EOD – January 30, 2026 – Friday 🔴
The Calm Before the Storm: Nifty Coils for Budget-26!
🗞 Nifty Summary
As predicted, Friday was a “silent” consolidation session characterized by narrow range-bound movement and pre-event manipulation.
The day started with an unexpected 150-point Gap Down that tested our second support at 25,270. Nifty found its footing at the Fib 0.786 level, which acted as a rock-solid floor throughout the day.
A late-session attempt to break the IBH and the Long-Term Trendline at 1:50 PM briefly crossed the 25,335 mark, but the momentum faded precisely at the Fib 0.618 retracement level.
Nifty eventually closed at 25,320.65 (-0.39%), positioning itself exactly in the center of a high-stakes 700-point battlefield.
🛡 5 Min Intraday Chart with Levels
🛡 Intraday Walk
The session was a classic “wait-and-watch” game.
The 157-point range—significantly lower than the Gladiator average of 260—confirms that institutional players are sitting on the sidelines ahead of Sunday’s Budget.
While the intraday volatility offered some scalp opportunities, the false IBH breakout served as a trap for those over-anticipating the move.
The market is now balanced on a knife-edge, with the daily close sitting equidistant from major targets on both sides.
📉 Daily Time Frame Chart with Intraday Levels
🕯 Daily Candle Breakdown
Open: 25,247.55
High: 25,370.70
Low: 25,213.65
Close: 25,320.65
Change: -98.25 (-0.39%)
🏗️ Structure Breakdown
Type: Small Bullish Candle according CDO (Bearish according to PDC)
Range: ≈ 157 points — significantly compressed volatility.
Body: ≈ 73 points — mild selling pressure from the gap-up rejection. (Same size of Previous day)
Upper Wick: ≈ 123 points — strong supply rejection from the 25,370 zone.
Lower Wick: ≈ 34 points — limited buying interest at the extreme lows.
📚 Interpretation
The candle structure is the definition of indecision. The long upper wick proves that sellers are still capping any pre-emptive rallies, while the narrow body reflects a lack of directional conviction. The market has effectively “coiled,” and this compression usually leads to a violent expansion once the Budget news hits the tape.
🕯 Candle Type
Bearish Rejection / Consolidation Candle — Signals a standoff; the Budget session will be the ultimate tie-breaker for this structure.
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update
ATR: 254.37
IB Range: 104..20 → Medium
Market Structure: Balanced
Trade Highlights:
12:23 Long Trade: SL Hit (Mistake: Assumed HTF break based on STF trend; recency bias).
13:54 Long Trade: Trailing Hit (1:0.76) (HTF Trendline Breakout).
Psychology Note: As explicitly mentioned in yesterday’s note, today was intended to be a “No-Trade” day due to expected pre-event consolidation. However, greed and recency bias triggered entries in a non-conducive environment.
The market punished the mistake, providing a stern reminder that discipline is more important than catching every tick.
🧱 Support & Resistance Levels
Resistance Zones:
25,370
25,430 ~ 25,460
25,515
25585 ~ 25605
25650 ~ 25,670
Support Zones:
25180 ~ 25160
25,060
25009
24970 ~ 24920
🧠 Final Thoughts
🧠 Special Budget-26 Note :
The Nifty has closed at 25,320, which is exactly the center point between the 25,670 resistance and the 24,970 support (350 points each way).
For the Budget day, it is highly probable that Nifty will test at least one of these extremes.
A sustained breach of the 25,160–25,460 range will be our “Prime Trade” signal.
✏️ Disclaimer
This is just my personal viewpoint. Always consult your financial advisor before taking any action.
Candlestick Analysis
Long trade 🥈 SI1! — Buy-Side Sentiment & News Analysis (1-Hour)
Date: Mon 28th Jan 2026
Session: NY Session AM
Execution Time: 3:45 pm
Trade Details
Entry: 115.270
Take Profit: 122.555 (6.32%)
Stop Loss: 114.785 (0.42%)
Risk–Reward: 15.02R
🟢 Directional Bias
Buy-side continuation/expansion:
Silver is in a clear re-pricing phase, transitioning from accumulation into sustained expansion, supported by both technical structure and macro conditions.
🧠 Market Sentiment Overview
Prior consolidation resolved decisively to the upside
Pullbacks into value were shallow and aggressively bought
Buyers showed strong acceptance above prior resistance
This reflects institutional accumulation and the continuation of a trend, not speculative exhaustion.
🧩 Structural Context
Higher-high / higher-low sequence firmly established on the 1H
No bearish CHoCH or structural failure
Break and hold above prior range highs confirms trend continuation
Structure strongly favours further upside rather than mean reversion.
📊 Volume Profile & Value
Acceptance above prior value high / POC
Volume supports higher prices — no high-volume rejection
Value migrating upward alongside price
This confirms a healthy bullish auction.
⏱️ Session Behaviour (NY AM)
Asia built the base
London extended structure
NY AM delivered continuation and expansion
NY AM is historically the strongest session for metals trend extension, adding timing confluence.
📰 News & Macro Context (Why Silver Works Here)
Precious metals bid amid:
Cooling expectations around aggressive rate hikes
Persistent inflation hedging demand
📰 Silver benefits from a dual role:
Monetary metal (real-yield sensitivity)
Industrial demand exposure (risk-on alignment)
No adverse USD or yield shock during NY AM
Gold strength provides tailwind confirmation for Silver
Macro conditions are supportive, not conflicting.
🧾 Summary
SI1! shows strong buy-side sentiment following acceptance above value and continuation of a higher-timeframe bullish structure. Shallow pullbacks, bullish FVG support, and a supportive macro backdrop favour continued upside expansion.
Gold Wave Analysis – 30 January 2026
- Gold formed daily Evening Star
- Likely to fall to support level 4600.00
Gold today fell down sharply after the price failed to close above the major resistance level 5500.00, as can be seen from the daily Gold chart below.
The downward reversal from the resistance level 5500.00 formed the daily Japanese candlesticks reversal pattern long-legged Doji – which is now the middle candle of the daily Evening Star.
Given the overbought Stochastic and RSI, Gold can be expected to fall to the next support level 4600.00 (former top if wave 1 from the start of January).
Axis Bank Ltd (NSE) – Bullish Continuation SetupTimeframe: Daily
Trend Bias: Bullish
Current Price: ~₹1,370
Technical Overview
Axis Bank is trading in a strong uptrend, respecting higher highs and higher lows. Price has recently broken above a consolidation range and is sustaining above the key Fibonacci 0.382 retracement zone, indicating strength and acceptance at higher levels.
The structure suggests a bullish continuation rather than exhaustion, with momentum favoring buyers as long as price holds above the breakout base.
Key Levels (as per chart)
Immediate Support: ₹1,325 – ₹1,335 (Fibonacci base & prior range high)
Secondary Support: ₹1,285 – ₹1,270 (demand zone / value area)
Immediate Resistance: ₹1,395 – ₹1,405 (Fibonacci -0.382 to -0.618 zone)
Major Target: ₹1,590 – ₹1,600 (measured move / higher timeframe projection)
Trade Plan
Bullish Scenario (Preferred):
Entry: Buy on dips near ₹1,335–₹1,350 or on a decisive daily close above ₹1,395
Targets:
T1: ₹1,440
T2: ₹1,520
T3: ₹1,590+
Bearish Invalidation:
A daily close below ₹1,315 would weaken the bullish structure and may lead to a deeper retracement towards ₹1,285.
Indicator Confluence
Volume: Expansion visible during the recent breakout, confirming participation
Momentum (RSI/Trend strength): Positive and trending upward, no bearish divergence
Market Structure: Clean breakout + retest behavior
Conclusion
Axis Bank remains structurally bullish on the daily timeframe. As long as price holds above the ₹1,315–₹1,325 zone, the probability favors further upside toward ₹1,590+. Traders should focus on pullback entries or breakout confirmation for optimal risk-reward.
⚠️ This is a technical view only. Not financial advice.
NZDCAD LONG Market structure bullish on HTFs 3
Entry at both Weekly and Daily AOi
Weekly Rejection at AOi
Daily Rejection at AOi
Previous Daily Structure Point
H4 Candlestick rejection
Rejection from Previous structure
TP: WHO KNOWS!
Entry 100%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King.
XAUUSD M15 – Corrective Pullback Within DowntrendXAUUSD is analyzed on the 15-minute timeframe (M15).
The broader market context remains bearish as price continues to trade below the EMA200, indicating that the dominant trend is still to the downside. The EMA ribbon is sloping downward, reinforcing bearish momentum in the current structure.
Following a strong impulsive move lower, price has entered a pullback phase. This pullback shows corrective characteristics rather than a trend reversal, as price remains capped below previous structure and dynamic EMA resistance.
Price is currently reacting within a resistance zone that aligns with prior structure and EMA resistance. The rejection from this area suggests that selling pressure is still present and that the pullback may be nearing completion.
Further downside continuation will depend on how price behaves around this resistance area and whether bearish structure remains intact.
This idea is shared for technical and educational purposes only and does not constitute financial advice.
SOLUSDT M30 HTF Supply Rejection and Bearish Continuation📝 Description
BINANCE:SOLUSDT has experienced a strong bearish impulse, breaking below a key H4 balance price range. Price is now consolidating under a 30-minute Fair Value Gap, suggesting a corrective pullback within a broader bearish structure rather than a trend reversal.
________________________________________
📉 Signal / Analysis
Primary Bias: Bearish below the M30 FVG
Preferred Setup:
• Entry: 116.10 (pullback into M30 FVG / supply)
• Stop Loss: Above 116.60
• TP1: 114.89
• TP2: 113.82
• TP3: 112.17
________________________________________
🧠 ICT & SMC Notes
• Strong bearish displacement confirming sell-side dominance
• Rejection from M30 Fair Value Gap in a discount-to-premium retracement
• Clear bearish market structure with lower highs and lower lows
________________________________________
📌 Summary
As long as price remains capped below the 116.60–117.20 resistance zone, bearish continuation remains the favored scenario. The current consolidation is viewed as a pause before a potential continuation toward deeper downside liquidity.
________________________________________
🌍 Fundamental Notes / Sentiment
Weak overall crypto market sentiment, coupled with reduced risk appetite and ongoing capital rotation out of high-beta altcoins, continues to weigh on SOL. Without a strong bullish catalyst, downside pressure remains dominant in the short term.
________________________________________
⚠️ Risk Disclosure
Trading involves substantial risk and may result in capital loss. This analysis is for educational purposes only and does not constitute financial advice. Always apply proper risk management, predefined stop-loss levels, and disciplined position sizing aligned with your trading plan.
GBPUSD M15 – Bearish Confluence at EMA and ResistancePair: GBPUSD
Timeframe: M15
The overall market context remains bearish. Price is trading below the EMA200, confirming that the long-term trend is still to the downside. The EMA ribbon is also turning red and sloping downward, which supports bearish momentum in the current structure.
After the impulsive move down, price has retraced into an appropriate pullback area. This retracement aligns with a key resistance zone and remains below the dynamic resistance provided by the EMA200, indicating that the pullback is corrective rather than a trend reversal.
Within this pullback zone, a reversal candlestick signal has appeared, showing rejection from higher prices. This reaction suggests that selling pressure is returning as price tests the resistance area.
In addition, the pullback level aligns with Fibonacci retracement levels, creating confluence between structure, dynamic resistance, and Fibonacci, which strengthens the technical validity of the setup.
As long as price remains below EMA200 and below the recent swing high, the bearish scenario remains intact. Any continuation to the downside will depend on how price reacts after this pullback.
This analysis is shared for educational and analytical purposes only and does not constitute financial advice.
NZDCAD: Another Pullback Trade For Today 🇳🇿🇨🇦
NZDCAD may pull back from the underlined intraday/daily support.
As a confirmation, I see a double bottom pattern formation on that
and a violation of its horizontal neckline.
Goal - 0.8197
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GBPUSD: Buying After Trap 🇬🇧🇺🇸
GBPUSD will likely move up after a confirmed
bearish trap below a key intraday support.
I expect a rise at least to 1.3806 level.
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EURUSD M15 – Corrective Pullback Within DowntrendEURUSD is analyzed on the 15-minute timeframe (M15).
The broader market context remains bearish as price continues to trade below the EMA200, indicating that the long-term trend is still to the downside. The EMA ribbon is also sloping downward, supporting sustained bearish momentum.
After the recent impulsive decline, price has entered a pullback phase. This pullback shows corrective characteristics rather than a trend reversal, as price remains capped below dynamic resistance and previous structure levels.
Price is currently reacting within a resistance zone that aligns with EMA resistance and prior structure. The appearance of bearish price rejection in this area suggests that selling pressure is still active.
The highlighted management zone reflects a point where risk can be reduced, such as moving the stop to break-even, depending on individual trade management rules. Further downside continuation will depend on how price behaves after this corrective move.
This idea is based on market structure, EMA trend context, and price reaction on the M15 timeframe, and is shared for educational and analytical purposes only. It does not constitute financial advice.
EURAUD: Bearish Trend Continuation 🇪🇺🇦🇺
EURAUD will likely continue falling after completing
a correctional movement.
The next major historic support is 1.682.
Look for selling, expecting a bearish continuation to that level.
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XAUUSD BullishI might be a little early, since I like to wait until the London or USA trade session , but the possibility of this happening is good. In reality, i would wait for more conformation before entering the trade, but so far everything looks good as the 15m, 1h and 4h are starting to align giving bullish signals. I just thought i should share this quick analysis as I'm trying to stay active away from home, Peace! OANDA:XAUUSD
JSW STEEL LTD – Weekly Breakout Setup | SwingSymbol: JSWSTEEL (NSE)
Timeframe: 1W
Trend: Bullish continuation
Technical View
JSW Steel is trading in a strong higher-high, higher-low structure on the weekly chart. Price has respected a rising trendline since mid-2024 and recently reclaimed the 0 Fibonacci level (₹1,226) with a decisive close.
The previous corrective move has now transitioned into a fresh impulse leg, indicating continuation of the primary uptrend.
Key Levels (Fibonacci Projection)
Immediate Support: ₹1,225–1,240 (0 Fib + breakout retest zone)
Strong Support: ₹1,095–1,105 (0.382 Fib)
Trendline Support: Rising weekly trendline (confluence area)
Upside Targets
Target 1: ₹1,354 (−0.382 Fib)
Target 2: ₹1,435 (−0.618 Fib)
Extended Target (Momentum): ₹1,500+ if market strength continues
Invalidation / Risk
Weekly close below ₹1,195 would weaken the bullish structure
Trend remains intact as long as price holds above the rising trendline
RSI & Momentum
Weekly RSI is above 50 and rising, confirming bullish momentum
No bearish divergence visible at current levels
Trade Plan
Bias: Buy on dips / Buy on retest
Entry Zone: ₹1,225–1,250
Conclusion
JSW Steel is structurally bullish on the weekly timeframe. Holding above the breakout zone opens the path toward ₹1,350–₹1,435 in the coming weeks/months. Best suited for swing and positional traders.
Critical Macro Signs Seen on SPOT, warrant attentionSpotify has been a fan favorite for the last few years. I mean who wouldn't fall in love with it. It has had roughly 850% gains since Feb 2023.
And so its recent downtrend requires attention. Traders and investors alike are wondering if this is buy the Dip situation with many probably been doing so. But you have to take the time and ask yourself am i acting on emotion such as Fear of Missing Out or am i acting on evidence, actual signs that indicate it really is Buy the Dip situ.
Many people from hedge fund guys to influencers will say things, signals will be called. But the attention should be put on the facts in the charts. We should consider what price action is telling us and if there are clues in certain indicators or not.
Since we have been in a Uptrend for roughly 2 - 3 years, we have to consider SPOT to have experienced a Bull run. With recent downtrend, we have to then consider whether or not the Bull trend is INTACT or if its being invalidated or in other words if the current downtrend shows signs that Trend is reversing. If signs of reversal are present it may not be a Buy the dip situation.
IN trading and Investing, we must remove Emotion, Humble ourselves and consider all scenarios at all times.
Okay so we will look into the Macro picture of price action. Ill start with the 1 Month timeframe. Note that each candle is 1 Months average of opening/closing price. Macro analysis is a powerful tool especially to determine large picture, long duration trends like Bull runs or bear markets.
June 2025 we reached a high of roughly $770. But the Month after (July) We experienced extreme sell off indicated by the Engulfing Bearish candle. Which on the 1 Month is an alarming sign. (This could be the top)
Followed by 3 Months of attempts to get back on track of the trend. Which met with continued SELL pressure indicated by the Large Upper wicks in August & Sept.
Then from October we continued to sell off. Fast forward to this current month of January. We are on the verge of printing another Large Body Bearish Candle. Which warrant caution.
Candle bodies and its size indicate the strength of that candles move and may even help determine price moves in the future. Incase of Monthly candles, a large candle print can make impacting future moves more probable. Something to consider.
We are also in the process of breaking down below a Horizontal Support line where Jan to March 2025 we maintained Support or showed Buy pressure on.
This may be a low that could invalidate our Bull run.
Our current Monthly candle is also in a crucial Support zone depicted by yellow zone.
There are 2 Bull Support Trend lines depicted by green lines. Where we can attempt to test Support. We are currently doing so on the first line.
If we fail to hold here, we would test Support at the lower order of the Yellow zone.
If we fail to hold here, we'd test Support at the Lower green line.
And if this fails we would attempt Support at the Resistance Turned Support line at around $300.00.
We have 2 days in the Month. If we can have Buy pressure come in and have this months candle wick back above the Support line we are breaking. That would be a solid sign for bullish case. But dont think its a probable case.
We would need to see signs of confirming Support if we are too continue the Bull run.
Till then SPOT warrants caution and in my opinion definitely not a Buy the Dip situation at this moment.
We need to show patience in the markets if we want to be successful and not be on the end of a losing position.
Follow me and continue to observe SPOT. Look to more updates to the analysis.
CRWV - Risk is clearly defined, making this a structured setup!CRWV - CURRENT PRICE : 79.32
CRWV is currently trading within a descending channel, indicating a medium-term corrective move after a prior uptrend. Importantly, price is now basing near the lower boundary of the channel, a zone where buyers previously showed interest.
Rather than breaking down aggressively, price action is stabilizing, suggesting selling pressure is starting to fade.
📈 Momentum Is Improving (Key Clue)
While price remains subdued, momentum indicators are telling a different story:
~ RSI (14):
RSI is recovering from lower levels and moving higher while price is still near the channel bottom. This signals improving momentum and early bullish divergence characteristics.
~ MACD:
MACD histogram is contracting, and the lines are starting to curl upward. This typically reflects weakening bearish momentum and the potential for a trend shift.
👉 When momentum improves while price holds support, it often precedes a technical rebound.
📌 This is a technical rebound setup — confirmation comes with continued momentum improvement and price holding support.
ENTRY PRICE : 77.00 - 79.32
FIRST TARGET : 96.00
SECOND TARGET : 110.00
SUPPORT : 63.80 (the low of BULLISH HARAMI pattern - 17 and 18 DECEMBER 2025 candle)
USDJPY H1 – Price Reaction at Key Levels (29/01/2026)USDJPY is analyzed on the 1-hour timeframe (H1).
The market is currently trading within a broader bearish environment, as price remains below the higher-timeframe moving average and has previously produced a strong impulsive move to the downside. After that impulse, price entered a corrective phase.
On the H1 timeframe, USDJPY formed a short-term bullish correction from the recent swing low, creating higher highs and higher lows. However, this move stalled after reacting into a supply zone aligned with the previous bearish leg. The rejection from that area indicates selling pressure is still active.
Price is now pulling back from the supply zone and moving toward the lower demand area marked on the chart. This zone previously acted as a reaction point and may be used as a reference for trade management or further confirmation.
As long as price remains below the recent swing high and below the higher-timeframe resistance, the bearish scenario remains valid. A clear reaction or structure shift around the demand zone will be important for the next directional move.
This idea is based on market structure, supply and demand, and price reaction on the H1 timeframe, without relying on indicators or predictions.
This is a technical analysis idea for educational purposes, not financial advice.
Nifty Analysis EOD – January 29, 2026 – Thursday🟢 Nifty Analysis EOD – January 29, 2026 – Thursday 🔴
The Great V-Shape: Bulls Absorb 200-Point Panic to Close above PDH
🗞 Nifty Summary
The Nifty delivered a masterclass in market psychology today.
Opening flat with a bearish tilt, the index witnessed a sudden, high-velocity 200-point plunge from the first tick, slicing through the PDL to test the 25,180 support zone. This move acted as a massive liquidity hunt, trapping aggressive bears before forming a solid “Cup and Handle” base.
The recovery was as fierce as the fall; at 12:30 PM the C&H pattern broke out, followed by a 1:00 PM surge that reclaimed the Long-Term Trendline, the 25,310 ~ 25,335 zone, and the PDH.
Nifty successfully hit our 25,430 target, marking a day high of 25,458.15 and closing strongly at 25,418.90 (+0.30%).
The daily chart has printed a powerful Bullish Engulfing candle, resetting the stage for the pre-budget session.
🛡 5 Min Intraday Chart with Levels
🛡 Intraday Walk
The day was a “tale of two extremes.”
The morning’s 200-point slide was a reminder of the volatility that precedes major events like Budget-26.
However, once the 25,160 zone held, the structural repair was flawless. The breakout at 1:00 PM was a high-conviction “all-in” move by the bulls, where four major technical hurdles (Trendline, Resistance Zone, IBH, and PDH) were cleared in a single momentum burst.
Despite the early chaos, the index ended where the structure demanded—at the next expansion level of 25,430
📉 Daily Time Frame Chart with Intraday Levels
🕯 Daily Candle Breakdown
Open: 25,345.00
High: 25,458.15
Low: 25,159.80
Close: 25,418.90
Change: +76.15 (+0.30%)
🏗️ Structure Breakdown
Type: Bullish Engulfing / Rejection Candle.
Range: ≈ 298 points — extreme intraday volatility.
Body: ≈ 74 points — moderate strength, but significant given the context.
Upper Wick: ≈ 39 points — minor profit-booking at the 25,450 hurdle.
Lower Wick: ≈ 185 points — massive rejection of lower prices (The “Spring”).
📚 Interpretation
The Bullish Engulfing structure on the daily frame, combined with the 185-point lower wick, signals a definitive failure of the bears to sustain the breakdown.
This “V-Shape” recovery usually indicates that the “weak hands” have been shaken out.
The fact that Nifty closed near the day’s high despite such a deep early draw-down is a testament to the underlying demand ahead of the February 1st event.
🕯 Candle Type
Bullish Rejection / Engulfing Candle — Shows extreme resilience; continuation is the primary bias, though a consolidation “breather” is expected tomorrow.
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update
ATR: 259.82
IB Range: 199.95 → Big
Market Structure: Balanced
Trade Highlights:
10:13 Long Trade: SL Hit (Early mean-reversal attempt caught in the initial flush).
11:07 Long Trade: Target Hit (1:1.75) (Channel & Zone Breakout).
13:02 Long Trade: Target Hit (1:3.41) (Trendline Breakout).
Trade Summary: A high-conviction day for the Gladiator Strategy. While the initial volatility took out an early stop-loss, the system stayed disciplined, re-entering as the recovery structure matured. The 1:00 PM breakout was the “trade of the week,” delivering a 1:3.41 R:R as the market aggressively reclaimed the trendline.
🧱 Support & Resistance Levels
Resistance Zones:
25,495 ~ 25,515 (Psychological)
25,585 ~ 26,605
25,650 ~ 25,670
Support Zones:
25,335 ~ 25,310 (Flipped)
25,270
25,190~ 25,180
25,060
🧠 Final Thoughts
“Panic is the bulls’ greatest fuel.”
We successfully hit the 25,430 level, but the journey was a reminder to stay prepared for anything.
Our next psychological hurdle is the 25,495 ~ 25,515 zone. If breached, 25,605 is the final fort.
However, with only one session left before the Budget-26 event, I expect a “silent” session tomorrow—characterized by narrow-range consolidation as the market pauses to catch its breath.
Stay disciplined and don’t chase the noise.
✏️ Disclaimer
This is just my personal viewpoint. Always consult your financial advisor before taking any action.
EURUSD – FX Markets Starting to Get InterestingWe talked in our USDJPY piece on Tuesday, about how political events in the US and Japan had collided to make FX markets more volatile, with traders forced to cut weak long USDJPY positions as the threat of joint intervention increased.
Move forward 48 hours and we are now talking about how EURUSD has just pulled back from hitting its highest level in 4.5 years at 1.2082. Wow! It seems FX markets could be about to move back to a more prominent spot on trader’s screens again after an extended period on the sidelines.
At the start of the week, the willingness of the US administration to support attempts by Japanese authorities to weaken USDJPY initiated a debate amongst traders regarding whether they may also tolerate an overall weaker US dollar. This view gained momentum when President Trump suggested he was comfortable with recent dollar declines as it was good news for US exporters, comments which helped push EURUSD up to its multi-year highs late on Tuesday.
Sadly, for EURUSD bulls, the speed of the move prompted US Treasury Secretary Scott Bessant to step in yesterday reiterating the US administration’s commitment to a strong dollar, comments which sent the world’s biggest currency pair hurtling back down towards 1.1900.
However, despite these comments and with the potential risks from the Federal Reserve interest rate decision and press conference last night safely negotiated, EURUSD prices are currently already back trading at 1.1990 again at the time of writing (0700 GMT). This leaves EURUSD at a potential crossroads and traders could be looking at the technical update to try and determine whether this speedy advance has more upside momentum or if a reversal could be due.
Technical Update: 4 ½ Year Highs But is EURUSD Back to Long Term Resistance?
EURUSD has drawn plenty of attention recently, with fresh upside acceleration driven in part by heavy selling pressure on the US Dollar. However, to properly frame this move within a broader context, it’s worth stepping back to the monthly EURUSD chart below, which captures price behaviour all the way back to July 2008. This longer‑term view helps clarify where the latest strength sits within the wider structural picture.
A couple of points stand out on this chart. First, the latest EURUSD strength is an extension of an already well‑established advance since the January 2025 lows. Second, the move is now pressing into what could be considered a key resistance at 1.2027, a level which corresponds to the 38.2% Fibonacci retracement of the July 2008 to September 2022 decline.
It could be argued that a monthly close above this resistance level may lead to further attempts at the upside, however, that can’t be determined until Friday’s close. What may be suggested at this stage is that 1.2027 could be a pivotal reference point for shaping the next longer‑term directional themes. With month‑end approaching, it’s worth monitoring how well this level is defended on a closing basis.
Potential Resistance Levels:
Having identified 1.2027 as a key resistance level on a monthly closing basis, the January close could be important in determining how EURUSD price action reacts moving forward. While a monthly close above 1.2027 wouldn’t guarantee continued upside, it could increase the likelihood of further attempts to push higher and test additional retracement levels.
Looking again at the monthly chart, if 1.2027 were to give way on a monthly closing basis, the focus for traders may shift toward 1.2349, which is the January 2021 failure high. A break above that level could open scope toward 1.2555, which is the February 2018 extreme.
Potential Support Levels:
Of course, it’s possible that the 1.2027 retracement resistance holds on a monthly closing basis. If so, risks could shift back toward lower levels. In that scenario, traders may look to 1.1890 as the first notable support, a level which corresponds to the 38.2% retracement of the latest phase of price strength.
As the daily chart above illustrates, a closing break below 1.1890 may shift the focus toward the lower Fibonacci retracement levels as the next potential supports. The 50% retracement at 1.1831 is the next area that could slow or limit selling pressure. However, a close below this level could point to further downside risks and open the way for a deeper decline toward 1.1772, the 61.8% retracement support.
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AUDCAD (H1) Bullish Structure with Pullback and Reaction ZonesSymbol: AUDCAD
Timeframe: 1H
The chart shows a bullish market structure with higher highs and higher lows. After an impulsive upward move, price retraced into a previously formed demand area while remaining above key structural support and dynamic trend guidance.
The analysis focuses on the following points:
* The prevailing trend remains bullish
* The pullback occurs within prior demand and dynamic support
* Price shows a reaction after the retracement, consistent with trend continuation behavior
* Marked zones represent historical reaction areas used for structure analysis
This idea is shared to illustrate how pullbacks and reaction zones can be identified within an uptrend. All highlighted levels are provided for analytical and educational purposes only and do not imply any future market outcome.
Disclaimer
This content is provided for educational and informational purposes only and does not constitute investment advice. Market conditions may change at any time and outcomes are not guaranteed.
GBPAUD (H1) Bearish Structure with Pullback and Reaction ZonesSymbol: GBPAUD
Timeframe: 1H
The chart shows a bearish market structure with lower highs and lower lows, indicating sustained downside momentum. After a strong impulsive move to the downside, price retraced into a previously formed supply area while remaining below key structural resistance.
The analysis highlights:
* The prevailing trend remains bearish
* The pullback occurs within prior supply and dynamic resistance
* Price shows a reaction after the retracement, consistent with trend continuation behavior
* Marked zones represent historical reaction areas used for structure analysis
This idea is shared to illustrate how pullbacks and reaction zones can be identified within a downtrend. All highlighted levels are provided for analytical and educational purposes only and do not imply any future market outcome.
Disclaimer
This content is provided for educational and informational purposes only and does not constitute investment advice. Market conditions may change at any time and outcomes are not guaranteed.
AUDUSD (H1) Uptrend Structure with Pullback and Reaction ZonesSymbol: AUDUSD
Timeframe: 1H
The chart illustrates a sustained bullish market structure with consecutive higher highs and higher lows. Following a strong impulsive move upward, price pulled back into a previously formed demand area while remaining above key structural support.
The analysis highlights:
* The prevailing trend remains bullish
* The pullback occurs within prior demand and dynamic support
* Price shows a reaction after the retracement, consistent with trend continuation behavior
* Marked zones represent historical reaction areas used for structure analysis
This idea is shared to explain how pullbacks and reaction zones can be identified within an existing trend. All highlighted levels are for analytical and educational purposes only and do not imply any future market outcome.
Disclaimer
This content is provided for educational and informational purposes only and does not constitute investment advice. Market conditions may change at any time and outcomes are not guaranteed.






















