Gbpusd (H4) PredictionsGBP/USD is on the defensive below 1.2700 in the European morning on Thursday. A broadly stronger US Dollar amid waning Fed rate cut expectations and risk-aversion, keeps the pair undermined ahead of US data and Fedspeak. Longby Senorita71Updated 1129
Market Analysis: USD/CAD Eyes More GainsMarket Analysis: USD/CAD Eyes More Gains USD/CAD is rising and might aim for a move above the 1.3690 resistance zone. Important Takeaways for USD/CAD Analysis Today USD/CAD is showing positive signs above the 1.3660 support zone. There is a connecting bearish trend line forming with resistance near 1.3690 on the hourly chart at FXOpen. USD/CAD Technical Analysis On the hourly chart of USD/CAD at FXOpen, the pair formed a strong support base above the 1.3600 level. The US Dollar started a fresh increase above the 1.3660 resistance against the Canadian Dollar. The pair cleared the 50-hour simple moving average and climbed above 1.3700. Finally, it tested the 1.3735 zone before there was a downside correction. The pair traded below the 1.3700 support zone. There was a move below the 50% Fib retracement level of the upward move from the 1.3615 swing low to the 1.3734 high. It tested the 1.3660 support zone and the 61.8% Fib retracement level of the upward move from the 1.3615 swing low to the 1.3734 high. The pair is again rising above the 1.3675 level. Initial resistance sits near the 1.3690 level and the 50-hour simple moving average. There is also a connecting bearish trend line forming with resistance near 1.3690. A clear upside break above 1.3690 could start another steady increase. The next major resistance is the 1.3735 level. A close above the 1.3735 level might send the pair toward the 1.3800 level. Any more gains could open the doors for a test of the 1.3850 level. Conversely, the pair could start another decline. Initial support is near the 1.3660 level on the same USD/CAD chart. The next major support is near 1.3615. A downside break below the 1.3615 level could push the pair further lower. The next major support is near the 1.3550 support zone, below which the pair might visit 1.3500. Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips. Open your FXOpen account now or learn more about trading forex with FXOpen. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.by FXOpen114
Price be a lil devious youknowwhatimean muhauhauhauhauhsaOKAYTAOKSYA PALKUYA so bos... price be feelin a lil devious -- so like itll take that pink fella out YA so like we guilt trip prioce into entertaining him and to keep him companyLongby rizpqeUpdated 224
AudUsd lookoutNothing major here just projection of direction due to a Head and shoulder look alike pattern.Shortby kealebogamoyo3113
USDCHF H4 | Bearish reversal ?Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 0.9086, which is a pullback resistance close to the 50% Fibo retracement. Our take profit will be at 0.9027, a swing-low support level. The stop loss will be placed at 0.9153, a swing-high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. Shortby FXCM113
Strifor || NZDUSD-31/05/2024Preferred direction: SELL Comment: The situation with the New Zealand dollar, as well as with the Australian dollar, forces us to freeze all purchases for now and consider more sales. We are targeting the support level of 0.60713 , which is where the approach is likely to come in the near future. A more likely setup is a maximum drop from current prices, especially at the beginning of the American session (scenario №1). Less likely scenario №2 involves growth at the moment to 0.61670 , which may just happen against the backdrop of the publication of today's data. The target for the fall is level 0.60713 . Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!Shortby Viktor_strifor_analyst333
GBPCAD Money Heist Plan in Bearish DirectionMy Dear Robbers / Traders, This is our master plan to Heist GBP/CAD Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. Our target is Green Zone that is High risk Dangerous level MA act as a Dynamic Support & Order Block, So the Market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money Use Trailing Stop To Protect Looted Money and wait for next breakout of dynamic level / Order Block, Once it is cleared we can continue our heist plan to next new target it will update after the Breakouts. support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.Shortby Thief_TraderUpdated 223
EURUSD - 8 Hrly Chart - Weekly Forecast - 03 June 2024The two potential bullish and bearish options for the week ahead I wouldn't trade till we reach one of these two areasShortby TraderRiz112
USD-CHF Bullish Bias! Buy! Hello,Traders! USD-CHF is going down Towards the horizontal Support level of 0.9000 From where we will be Expecting a bullish rebound From the level below Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals223
EURCHF: Long Trading Opportunity EURCHF - Classic bullish pattern - Our team expects retracement SUGGESTED TRADE: Swing Trade Buy EURCHF Entry - 0.9798 Stop - 0.9756 Take - 0.9859 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Longby UnitedSignals223
GBPCHF Long Upward TrendGBPCHF - Long Position I am seeing a positive upward trend since the start of 2024 with 30/50% fib retracements on each pullback. Current level is showing a breakthrough with possible support at previous highs. SL 1.4833 TP 1.16500 Longby SGB92112
Short-term bullish outlookFX:EURUSD The price of the euro against the US dollar is in the condition of price correction. In the short term, after the correction is over, the price will continue to rise First support: 1.08062 First resistance: 1.08860 Second resistance: 1.09252 Third resistance: 1.09658Longby majidhossineUpdated 225
EURGBP Bearish Trading IdeaDisclaimer, these ideas are for my records of what I see in the market after taking a trade. It will help me document the reason of why I took the trade so I can have a track record. And as such, this is not a financial advice. On the weakly timeframe, the pair was going lower steadily without leaving any supply zone unmitigated. The only imbalance the market left was at the start of 2024, which was later mitigated on May. On the daily timeframe, we are bearish, shown by the recently created change of character (CHoCH). On the 4 hour timeframe, we made a new CHoCH leaving an imbalance to be mitigated. On the 1 hour timeframe, I've highlighted a demand zone to be mitigated, I'll be buying in this area up until the highlighted area of interest above, from which I'll be looking for sells.Shortby jask_skullUpdated 111
EURZAR380 PIPS BAGGED! EURZAR has rallied back above 20.0000 and is now trading a few pips below 20.5000 key level; i am expecting a take out of the latter during london session Friday 31 May 2024.Longby GALACTICtradingspace111
SHORT EURUSDAs we are seeing in the chart, 1. from the left in 1h, liq has been sweept 2. after the price have cleared the the liq it droped. 3. price went to retest the liq zone 4. from retesting the zone, it droped and left the gap 5. zoom to 15TF, wait the price to fill 6. short it. This is not a financial advice. Shortby BoaNergeTrading111
GBP_CAD LONG FROM SUPPORT|LONG! ✅GBP_CAD is going down to retest a horizontal support of 1.733 Which makes me locally bullish biased And I think that we will see a rebound And a move up from the level Towards the target above at 1.745 LONG🚀 ✅Like and subscribe to never miss a new idea!✅Longby ProSignalsFx112
EURNZD: Classic Day TradeEURNZD shows signs of a bullish trend after testing a significant intraday support level. There is a clear breach of a resistance line in a descending channel and a breakout of a neckline in a cup and handle pattern. This suggests that we can anticipate an upward movement in the near future, with target levels at 1.7759-1.7820.Longby linofx1221
EUR/JPY SENDS CLEAR BEARISH SIGNALS|SHORT Hello,Friends! We are going short on the EUR/JPY with the target of 169.809 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignals221
correction Considering the behavior of the price in the current support range, it is expected that the continuation of the downward trend will be formed according to the specified pathsShortby STPFOREX110
GBPCADHello traders GBPCAD this full bearish appears in the chart if it closes it now, its a high potential to sel. the concept behind is the sellers will overrule the market snd buyers will loose their contorl. if you interested more don't miss it to follow me.Shortby Abdukadir_Wardheere113
"AUDCAD Analysis: Engulfing Pattern and Potential Trend Reversa"💹 Let's dive into the analysis of this favorite forex pair of mine! We'll update our previous analysis and check our triggers together for the upcoming week. ⏳ Higher Time Frame Analysis: In higher time frames like the weekly, similar to most forex pairs, AUD/CAD is oscillating within a long-term box. We observe the fluctuations and trends more clearly in lower time frames. 📅 Daily Time Frame Insights: On the daily time frame, after finding support at the 0.85918 level, we have reached the top of the box. The candles are erratic, with shadows indicating weakening buyers and potential sellers' presence. 🔍 In our previous analysis, we aimed to open positions in the direction of the ongoing trend, waiting for the trigger and break of the 0.90549 resistance. After breaking it, lower time frames allowed for position openings, reaching the 0.91245 resistance. 💡 After hitting this resistance, buyers showed little interest in opening positions, and currently, the pair is oscillating between the 0.90878 and 0.90549 box. ⏳ Four-Hour Time Frame Analysis: In the 4-hour time frame, the latest candle displayed significant seller strength, engulfing the previous candles and increasing the likelihood of a decline. If we break the 0.90549 support, we will have formed a lower high and broken a lower low. 📉 Short Position Trigger: We need to break the 0.90549 support for a short position. This will indicate a new trend, though we don't necessarily need a trend change since the higher time frames are still ranging. If you receive this analysis early, you can use the current 4-hour engulfing candle with a stop loss around the 0.90878 level. 📈 Long Position Trigger: For a long position, if we fake out the support, we can move to lower time frames. Breaking the 0.90878 trigger can open a long position, but it is more logical to wait for a break of 0.91245 for confirmation. 🛡️ Future Additions: Soon, we will add a new section to this channel about bullish crypto coins. We will analyze and review this data thoroughly for you! :))) 🔻 Key Support Levels: 0.90173 , 0.89702 , 0.88951 🔺 Key Resistance Levels: 0.91245 , 0.92073 , 0.93288 🌟 I hope you have a great weekend and can utilize this analysis for a profitable week ahead! :))Shortby RealMRA1113
GBP/JPY bearish move nowHello traders, we now see GJ hitting the trend line at 200.000 zone. it has rejected off of it nicely. we can see price now heading to 139 zone. Before heading upwards again. drop a like if you agree. Also follow me for more ideas. drop a comment if you disagree. Shortby ZORO-WSS2213
Could AUD/USD drop from here?AUD/USD is rising towards a resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could potentially reverse from this level to our take profit. Entry: 0.6643 Why we like it: There is an overlap resistance level that aligns with the 61.8% Fibonacci retracement. Stop loss: 0.6677 Why we like it: There is a pullback resistance level. Take profit: 0.6593 Why we like it: There is a pullback support level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group. Shortby VantageMarkets114