CADJPY Will Go Higher From Support! Long!
Please, check our technical outlook for CADJPY.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 106.995.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 108.913 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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GBPAUD Will Go Up From Support! Buy!
Here is our detailed technical review for GBPAUD.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 2.065.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2.068 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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USD/JPY Ready to Pop! Double Target Breakout Setup🧠 Trade Idea Summary:
Pair: USD/JPY
Current Price Area: Around 147.040
Chart Pattern: Potential accumulation or base formation, leading to a bullish breakout.
Timeframe: 1-hour chart
📊 Technical Insights:
Support Zone (Highlighted in Red Box):
The price appears to be forming a base or support zone between roughly 146.67 to 146.77.
This could indicate buyers are stepping in to defend this area.
Bullish Arrows with "TARGET" Labels:
The arrows and labels indicate the trader expects a breakout above the consolidation zone.
First Target is just below the 148.00 level.
Second Target is above 148.00, possibly near a previous resistance or high (could be around 148.20–148.40 based on chart context).
Price Action:
Price has broken above minor resistance and is pushing higher, suggesting momentum is shifting bullish.
🧭 Trade Idea (Speculative Plan):
Entry Idea: Long entry around the current price area (146.90–147.05), assuming continued bullish momentum.
Targets:
First: ~147.99 (just under key psychological level 148.00).
Second: ~148.20–148.40.
Stop-Loss: Below support area, likely 146.65 or slightly lower to allow for volatility.
⚠️ Note:
Always confirm trade setups with:
Volume confirmation
Additional indicators (e.g., RSI, MACD)
Economic calendar (news events can impact USD/JPY heavily)
Would you like help drafting a trade plan or risk/reward setup for this?
CHF-JPY Resistance Ahead! Sell!
Hello,Traders!
CHF-JPY made a strong
Move up and the pair is
Locally overbought so
After the pair hits the horizontal
Resistance above at 184.100
From where we will be
Expecting a local correction
On Monday!
Sell!
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Gold Surges Over 300 Pips – Ready to Break 3,500 USD?Hello traders! Yesterday, gold skyrocketed by more than 300 pips , pushing price into the mid-zone of the long-term bullish channel. This move sets the stage for the uptrend to continue in both the short and medium term.
Yesterday, the Core PCE index for July rose 0.3% MoM , in line with expectations and matching the previous month. On a YoY basis, Core PCE climbed from 2.8% to 2.9% , signaling that inflationary pressures remain. This data reinforces market expectations for a 25 bps Fed rate cut at the mid-September meeting.
With the Fed leaning toward easing, the USD could weaken, thereby supporting further bullish momentum for gold.
Technical Outlook (8H):
Gold remains in its bullish channel, with yesterday’s candle closing above EMA 34 & EMA 89, confirming the uptrend.
Support: ~3,405 USD (channel bottom + horizontal zone).
Resistance: ~3,500 USD, where a mild pullback may occur before aiming higher.
Short-term setup: Price could retest 3,405 USD before bouncing back to challenge 3,500 USD and potentially breaking out further.
In summary: Gold maintains its bullish trend, with 3,405 as the key level and 3,500+ as the target. Upcoming US data will be crucial in determining whether a true breakout follows.
EUR/USD: Accumulation Phase with Breakout PotentialHello traders, what do you think about the trend of OANDA:EURUSD ?
The pair is currently trading around 1.1670, entering an accumulation phase after a strong bullish move earlier.
If the price breaks through the 1.1680 resistance, another recovery could push EUR/USD to test the 1.1720 level. Trendlines and EMA support levels continue to favor the buyers, so keep an eye on these levels.
📍Key Levels:
Support: 1.1635 (50% retracement)
Resistance: 1.1680
Target: 1.1725
If the breakout happens (1.172), it could trigger a strong rally, but make sure to manage risk carefully.
Do you think EUR/USD will break upwards or reverse? Share your thoughts in the comments!
BTCUSDT - Strong Downtrend?On the 8H chart of BTCUSDT, a clear descending channel is visible, with key support and resistance levels at 113,200 USD and 105,200 USD. After failing to break the resistance at 113,200 USD, BTCUSDT continued to decline and is now heading toward the support zone at 105,200 USD. Both the EMA (34) and EMA (89) indicators are showing a bearish signal, with EMA (34) below EMA (89), confirming strong selling pressure.
News Impact:
Recently, concerns about cryptocurrency regulations from major countries, especially the US, have caused BTCUSDT to drop sharply. Additionally, adjustments in global financial markets have also impacted investor sentiment, leading to a sell-off of Bitcoin.
Trading Strategy:
Given the current downtrend, traders may consider opening short positions as the price tests the 113,200 USD level again. The next target for the downtrend is the 105,200 USD support level. Place a stop loss if the price unexpectedly breaks above 113,200 USD.
EURUSD - Will the Euro’s Uptrend Continue?Current Situation
On the 3H chart, EURUSD is showing a steady uptrend. Currently, the price is trading within the range of 1.16400 to 1.17400, with support at 1.16400 and resistance at 1.17400. A breakout above this resistance could push the price to 1.17800 or higher. The EMA (34) and EMA (89) indicators are signaling a positive trend, indicating strong buying momentum.
Fundamental Reasons
According to the CME’s FedWatch tool, there is an 87% chance of the Fed cutting interest rates in September, which is putting pressure on the USD and supporting EURUSD. Additionally, global political and economic uncertainties continue to drive investors to seek EUR as a safe-haven asset.
Trading Strategy
If the price adjusts to the 1.16400 support level, it could be an opportunity to buy. The target is the 1.17400 resistance level. Set a stop-loss if the price falls below 1.16400.
Gold Reaches New Highs Thanks to Fed PressureXAUUSD currently shows a clear uptrend channel, with gold trading above key support levels like 3,407 USD. Both EMA (34) and EMA (89) support the uptrend, as EMA (34) is above EMA (89), indicating strong buying momentum.
Recent news suggests expectations that the Fed will cut interest rates in September, with a probability of up to 87% according to CME's FedWatch tool. This would put downward pressure on the USD and support gold's rise. Concerns about the Fed's monetary policy, especially comments from Trump, also drive the search for safe-haven assets like gold. If gold maintains above current support levels, the next target could be the 3,450 USD resistance zone.
With a clear technical uptrend and fundamental factors supporting it, gold may continue to head towards the 3,450 USD target. Traders may look for buying opportunities as the price adjusts towards support areas near 3,407 USD, with expectations of further short-term gains.
EUR-CHF Will Fall! Sell!
Hello,Traders!
EUR-CHF made a retest
Of the horizontal resistance
Of 0.9370 from where we
Are already seeing a local
Bearish correction and a
Further bearish move down
Is to be expected on Monday!
Sell!
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Strong Bullish Momentum, Eyeing a Break Above $3,420Hello everyone,
Gold is currently maintaining a clear bullish structure as the Cup and Handle pattern nears completion, signalling the potential for a breakout should the $3,420 resistance be breached. The Fair Value Gap (FVG) zones at $3,375 – $3,400 have repeatedly acted as solid support for the ongoing uptrend, while trading volumes during upward sessions highlight that buying pressure remains dominant. Should the price break above $3,420, the next target could extend to $3,440, or even higher, as the bullish momentum strengthens further.
Do you think gold has the strength to push through $3,420 this time? Share your thoughts in the comments!
Gold on the Rise: Can it Break the All-Time High?Hello everyone! Let’s take a closer look at $OANDA:XAUUSD.
Gold continues its strong upward momentum today, bolstered by the weakening US Dollar and growing expectations of a Fed rate cut. Economic data from the US, such as PCE and GDP, have fueled speculation of a more dovish monetary policy, prompting capital inflows into gold as a safe-haven asset. Currently, the precious metal is trading around $3,412 and continues to gain.
From a technical standpoint, the chart reveals that gold has been rising steadily, forming an ascending triangle over the past few months. Buyers are defending higher lows, while sellers are consistently rejecting prices near the resistance zone. This type of structure typically signals increasing pressure, with volatility likely to expand upon a breakout.
If the price breaks above the resistance zone and surpasses the all-time high, it could trigger a liquidity wave from trapped short positions and breakout buyers jumping in. This move could fuel a fresh rally, confirming the ascending triangle as a continuation pattern. The liquidity breakout above the ATH could serve as a catalyst, accelerating the price toward new highs.
What do you think — what’s the next move for gold? Feel free to share your thoughts and ideas in the comments below.
Good luck!
Latest EURUSD Strategy Update TodayHello everyone, what do you think about FX:EURUSD ?
EUR/USD experienced notable volatility, driven mainly by key economic data from both the Eurozone and the U.S. In the Eurozone, the service PMI showed a slight recovery, but it still fell short of expectations, raising doubts about the sustainability of economic growth in this sector.
In contrast, U.S. labor market data showed a slower pace of new job creation, but still exceeded forecasts. This increased the likelihood of the Federal Reserve maintaining a more aggressive stance on interest rates. These factors led to sharp movements in EUR/USD, with continuous ups and downs.
Currently, the pair is trading around 1.164, moving below the trendline and showing some consolidation near the EMA 34. Without a clear candle close above the trendline, the preferred strategy remains to sell at the upper limit and buy at support (around the EMA 89).
Do you agree with this view? Feel free to share your thoughts in the comments below.
Good luck with your trading!
USD-JPY Local Long! Buy!
Hello,Traders!
USD-JPY is going down
To retest the horizontal
Support around 149.290
And after the retest we
Will be expecting a local
Bullish rebound and
A move up on Monday
Buy!
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Gold on the Rise: What's Fueling the Increase?Hey everyone, what do you think about OANDA:XAUUSD ?
Gold has seen a strong rally in recent days, surging to its highest point in a month and breaking through the 3,400 USD/ounce mark on Thursday. This rise has been supported by the prolonged weakness of the US dollar, along with expectations that the Federal Reserve (Fed) will continue easing monetary policy. Currently, the precious metal is trading around 3,410 USD and maintaining its bullish momentum.
The EMA 34 and 89 indicators are still supporting the buyers, and our strategy will prioritize buying as long as key support levels hold. With Fibonacci levels at 0.5 and 0.618, the target for the upside could be around 3,447 USD. This is a reasonable target based on the current setup, indicating that the bullish move remains solid in the medium to long term.
What do you think? How will gold move, and what will the closing price be today?
Feel free to share your thoughts in the comments!
NZD-USD Will Keep Growing! Buy!
Hello,Traders!
NZD-USD is going up
And the pair made a bullish
Breakout of the key horizontal
Level around 0.5880 and the
Breakout is confirmed so
We are bullish biased
And we will be expecting
A further bullish move up
On Monday!
Buy!
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EUR-USD Bearish Bias! Sell!
Hello,Traders!
EUR-USD keeps growing
But a horizontal resistance
Level of 1.1740 is nearby
So after the retest of the
Level we will be expecting
A local bearish correction
On Monday!
Sell!
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Check out other forecasts below too!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Bitcoin - Will the CME gap be filled?Introduction
Bitcoin has been under consistent downward pressure since it reached its new all-time high, and the market has been struggling to regain momentum. During the past weekend, we saw a notable drop in price that created a CME gap, which also happens to align with the bearish 4-hour fair value gap. Since then, the price has been climbing back up, but the recovery has been slow and cautious rather than explosive. The key question now is whether Bitcoin will continue to rise and fill the CME gap or whether it will lose strength and revisit the recent lows. In the following sections, I will go over the levels and scenarios to watch closely.
Daily FVG bounce
Last week, Bitcoin found support at the daily fair value gap, which acted as a strong demand zone. From this level, the price bounced upward and has been grinding higher ever since. Although this reaction gave some relief to buyers, the pace of the move has been rather sluggish, and momentum remains weak. What traders now need to evaluate is how far this move can realistically extend. The daily FVG provided the initial foundation for this bounce, but the real test will come as the price approaches shorter-term imbalances and resistance areas.
Bullish scenario
For the bullish outlook to play out, Bitcoin needs to hold the current 1-hour fair value gap as support. If this level remains intact, it will signal that buyers are in control of the short-term trend and that the recent bounce has the potential to evolve into a more sustainable rally. In that case, the next logical upside target would be the 4-hour fair value gap, which conveniently aligns with the CME gap left behind last weekend’s drop. Filling this inefficiency would not only provide a technical target for bulls but would also help restore some balance to the market structure.
Bearish scenario
On the other hand, if Bitcoin fails to maintain the 1-hour fair value gap and breaks below it with a clear 1-hour candle closure, the outlook shifts to bearish. This kind of move would create a bearish inversion and serve as confirmation that sellers are regaining control. If this occurs, the probability increases significantly that Bitcoin will revisit its recent lows. In such a case, the market could once again test the demand at the daily fair value gap, and depending on the strength of that support, we could even see deeper retracements.
Final thoughts
Bitcoin is currently at an important crossroads where both bullish and bearish outcomes remain possible. The reaction around the 1-hour fair value gap will provide the clearest signal as to which direction the market is likely to take next. If buyers manage to defend this level, the path toward the 4-hour FVG and the CME gap becomes a realistic target, offering room for a meaningful recovery. However, if sellers push the price below the 1-hour imbalance, then the recent bounce may be nothing more than a temporary relief rally before another leg down. Traders should remain cautious, monitor these key levels closely, and adapt to whichever scenario unfolds.
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USDCAD – Shift in Momentum!USDCAD has moved from a strong bullish rally into a clear shift in momentum. After breaking structure with an aggressive drop, price is now moving inside a rising channel that looks more corrective than impulsive.
The previous bullish phase was defined by higher highs and higher lows, but the sharp decline highlighted a potential change in sentiment. Since then, the market has been consolidating, with price pushing higher in a slower and corrective manner.
As long as price remains inside this channel, the bias stays bearish, and I’ll be looking for shorts from the upper boundary around the 1.3880–1.3900 zone. A break below the lower bound near 1.3820 could confirm continuation to the downside.
This is a critical zone for USDCAD, where sellers may step in to regain control.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
GBPNZD: Growth & Bullish Forecast
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