NZD-CAD Will Keep Growing! Buy! Hello,Traders! NZD-CAD broke the key Horizontal level of 0.8364 And the breakout is confirmed Which reinforces our bullish Bias and makes us expect A further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals224
Long buddy!!!We are primed to rip 80-100 pips high for the rest of the week. My confluences and entry trigger has been met 3 times for the long push 157.800 is my week target area Trade safely my friends.Longby Dlphdavis112
EURUSD tests liquidity. Ready to buy up?Dear traders! Overall, EURUSD experienced significant price gains yesterday with a breakout from falling wedge resistance amid a generally positive backdrop as the US Dollar (USD) struggled to maintain its strength and helped the pair partially erase weekly losses. Currently, at the end of this week's trading session, EURUSD has paused at 1.0845 and it seems that the uptrend has officially returned after a clear breakout from the falling wedge. Given the current trend, I personally still favor buying strategies and testing local highs until hitting the 1.0880 resistance level as the least target. It is expected that after the period of adjustment and accumulation below the mentioned support level and testing the liquidity of the market, it will realize the growth and distribution phase.Longby ConanForexUpdated 101027
A clear analysis on EURAUD.A clear analysis and setup for euraud ..from the higher time frame we can clearly see that the market is bullish and has created a support and resistant zones Longby Isaacasio3112
USDCAD Will Go Up From Support! Long! Here is our detailed technical review for USDCAD. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.362. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.366 level soon. 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. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProvider223
EURUSD: Intraday:Upon examining the updated chart for EUR/USD, it appears our previous analysis was profitable. Let's break down the current chart and provide an updated intraday analysis based on the new information provided. Previous Day Analysis Review In our previous analysis, we noted key support and resistance levels, the short-term upward channel, and the highlighted support zone. The suggested bullish scenario played out, as the price respected the lower boundary of the channel and moved upward, yielding profitable trades for those who followed the strategy. The price is still moving within the upward channel marked in red. The lower boundary of the channel remains around 1.08600, with the upper boundary near 1.08900. Support and Resistance: The highlighted support zone (purple) around 1.08550 - 1.08650 remains critical. Near the lower boundary of the channel at 1.08600. The upper boundary of the channel at 1.08900. The price recently tested the upper boundary and pulled back, suggesting a potential retest of the support zone and the lower boundary of the channel. A rebound from the support zone would align with the short-term bullish trend within the channel. Trading Scenarios Entry Point: Near the support zone at 1.08550 - 1.08650. Target: The upper boundary of the channel that could around 1.08900 or more. Stop-Loss: Below 1.08500, just under the support zone. The intraday analysis confirms a profitable outcome from our previous analysis. The key levels to monitor include the support zone around 1.08550 - 1.08650 and the upper boundary of the channel at 1.08900. Maintaining a disciplined approach with proper risk management is crucial for successful trading. Longby AliSignalsUpdated 112
USDJPY InsightHello, subscribers! Nice to see you all. Please share your personal opinions in the comments. Don't forget to like and subscribe. Recently, a Japanese currency policy official mentioned that Japan could intervene in the foreign exchange market at any time, causing the dollar to temporarily dip. However, remarks by high-ranking ECB officials suggesting a possible rate cut in June and further rate cuts have boosted the dollar's value again. Additionally, the large interest rate gap with Japan, with the Fed's rate cut expected to come after September, is also contributing to the dollar's upward movement. - May 29: German Consumer Price Index (CPI) will be released. - May 30: U.S. Q1 GDP (QoQ) will be announced. - May 31: Eurozone May CPI and U.S. April Personal Consumption Expenditures (PCE) will be released. - June 6: ECB rate decision is scheduled. The USD/JPY is rebounding around the 152 line after being pressed by the upper trendline resistance. It appears to be attempting to break through the upper resistance again. If it succeeds in breaking through this zone, we could expect an additional rise up to the 164 line. However, if it faces resistance and falls, a long-term decline towards the 150 line is anticipated. The most likely movement at the moment is a short-term rise to the 160 line followed by a long-term decline to the 150 line. If there are any movements contrary to our expectations, we will adjust our strategy accordingly.Longby shawntime_academy111
AUD/NZDBreak of structure in lower time frame , after BOS confirmation retest. Pay attention to price action.........Longby AFFINITY_MARKETS222
EUR/GBP there, two different bearish formations were present. There was a bear flag as taken from a bullish channel that arrived after a test of the .8500 handle; and bigger picture, there was a descending triangle present with that .8500 level helping to set horizontal support. The other side of the matter, however, was a relative dearth of volatility so far in 2024 trade as the pair had spent much of the year within an approximate 120 pip range. But, given the fundamental backdrop where the ECB seems closer to cuts than the BoE, there’s an argument for continued divergence between the two economies. At this point the .8500 handle has come back into play and there’s potential for the descending triangle to fill-in.Shortby AFFINITY_MARKETS112
✅NZD_CHF WILL KEEP GROWING|LONG🚀 ✅NZD_CHF is trading in a Strong uptrend and the pair Broke the key horizontal Level of 0.5600 and the Breakout is confirmed so We are bullish biased now And we will be expecting A further bullish continuation LONG🚀 ✅Like and subscribe to never miss a new idea!✅ Longby ProSignalsFx113
USDCHF Short BiasHello Traders! Hope you are all keeping well! I have shared an idea for a swing sell on USDCHF a month ago (24/04/2024 - please see idea on my profile). The sell from 0.92 worked wonders! And is still valid. I have my eyes on the following setup which counts as a confirmation entry! We see that perfect head and shoulders formation completed last week. And the price is in a POI which is a strong supply zone at the premium price. Fundamentally nothing changed from my previous idea, and the explanation from that UCHF idea is still valid.. Retail traders are bearish on Swiss Franc. This trade can be taken on market open, personally, I am in this trade already, as it tapped the confirmation entry. However, not too late to enter. Trade safe! Will update the idea accordingly!Shortby NeddFx13Updated 559
Possible short for EURAUDPossible HEAD and shoulders formation on the 1hr timeframe , also we got market structural shift showing a more bearish momentum to the. Downside Shortby benwillams201220
Possible long Trade for Eurchfincoming formation of Head and shoulders pattern and right shoulder align with fib 61.8 level, would like to see price reaction if price reaches to the red zone Longby benwillams201110
HOW DID YOU DO THE ANALYSIS ON AUDJPY How did you ro the analysis on AUDJPYJPY 3 STEP number one the fundamontal analysis number two the technichala analysis 1-1 uptrend 1-2 determinie zone support and resistance 1-3 coreection dwon Educationby hamidTrader21220
USDCHF fundamental outlook LONG1. Fundamental Economic State: United States: GDP Growth: Slowing with recent figures showing an annualized growth rate of 1.1%. Employment Data: Unemployment rate at 3.4%, indicating a tight labor market. Inflation Rate: Moderating at 4.9%, following aggressive rate hikes by the Federal Reserve. Retail Sales: Robust, supported by strong job growth and wage increases. Trade Balance: Significant trade deficit influenced by high import levels. Consumer Confidence: Improving due to a strong labor market and easing inflation. Switzerland: GDP Growth: Modest, reflecting the stability and high-income status of the economy. Employment Data: Unemployment rate is low at around 2.2%, indicating near full employment. Inflation Rate: Relatively low at 1.75%, which is typical for the Swiss economy. Retail Sales: Steady, driven by high consumer confidence and purchasing power. Trade Balance: Switzerland maintains a trade surplus, bolstered by high-value exports like pharmaceuticals and machinery. Consumer Confidence: High, reflecting economic stability and robust labor market conditions. 2. Daily Percentage Changes: Over the past month, USD/CHF has shown moderate variability: May 27, 2024: The pair was trading at 0.9135, showing a slight decrease from the previous day. May 10, 2024: The rate was around 0.905, impacted by US inflation data and Fed policy statements. April 29, 2024: The rate hovered around 0.908, reflecting mixed economic data from both countries. 3. News Analysis: Recent events impacting USD/CHF include: Fed Interest Rate Decisions: The Fed's expected pause in rate hikes has moderated upward pressure on the USD. Swiss National Bank (SNB) Policy: The SNB’s cautious approach to rate hikes supports the CHF. Geopolitical Tensions: Global uncertainties have influenced risk sentiment, affecting both currencies. 4. Interest Rate Expectations: Federal Reserve: Expected to pause further rate hikes after a series of increases. Swiss National Bank: Likely to maintain a cautious stance on rate hikes given the low inflation environment. 5. Commodity Prices and Market Sentiment: Market Sentiment: Risk sentiment has been fluctuating, with periods of risk aversion generally supporting the CHF as a safe-haven currency. Commodity Prices: Not a major direct influence on USD/CHF, but broader economic impacts from commodity prices can affect market sentiment. 6. Projection Figures: Based on current fundamentals and market conditions, the short-term target for USD/CHF is 0.9200, considering support from the Fed’s likely pause in rate hikes. Long-term projections are more uncertain, but a modest target could be around 0.9300, assuming continued economic resilience in the US and stable conditions in Switzerland. 7. Trade Ideas: Short-Term: Go LONG on USD/CHF to a target of 0.9200, supported by potential stabilization in US economic data and the Fed’s rate policy. Long-Term: Maintain a LONG position with a target of 0.9300, contingent on sustained economic growth in the US and a stable policy environment from the SNB.Longby Georgetass2220
✅EUR_GBP RISKY LONG🚀 ✅EUR_GBP is going down now But a strong support level is ahead at 0.8512 Thus I am expecting a rebound And a move up towards the target at 0.8494 LONG🚀 ✅Like and subscribe to never miss a new idea!✅Longby ProSignalsFx221
support n resistancelooking bullish on all timeframes. Already broke through key levels and now looking for new level to find some chill time.Longby Cmanly515110
Potential Bullish IdeaIt looks like the market is in a wave 4 (triangle) of the potential up trend with what looks like an impulse. Upon breaking the upper line of the potential triangle (correction), it will add more confluence to our plan. As it stands, we're looking for upward movement with this instrument. If one is to engage with it, make use of your trading tactics including RM, RRR and never forget your SL because, it will keep you longer in the market.Longby Evaristos220
short!we broke the trend on the 4H timeframe and did almost a perfect retest on the trendline. we are heading for lower lows.Shortby misternico112
Euro / U.S Dollar _ Under _ Trading _ Venue _ FXCMEuro / U.S Dollar _ Under _ Trading _ Venue _ FXCM Note : Price can be different with other Trading Venue. Next prices : $1.08721 $1.08763 $1.08817 $1.08839 $1.08873 1.08889 1.08904 1.08925 Short break from here.Shortby Skill-Knowledge-Conduct221
Analysis on EUR/NZD.EUR/NZD is on it's trendline support level. Market already respected this trendline support level multiple times. Wait for market to respect this level again and then take entry with stop loss below 1.75400. There are 90% chances that market will move towards upside from this point. Longby Muhammadmoazam1112
DXY break down, means EURUSD upThis is a continuation of my previous TA. We have to look at DXY, it's currently touching support. If it breaks down (I am a bit biased there). Then we will see EURUSD go up. Daily graph on EURUSD looks even more bullish. The only downside would be that the pattern really is pulled towards support and I have seen this kind of patterns breaking down. My previous chart: Longby ram4nd112