Get started

Forex market

USDCAD Bullish Flag Breakout and Uptrend PotentialUSDCAD is currently trading at 1.45200, showing a bullish outlook. The expected target price is 1.48590, indicating a potential gain of 300+ pips. A bullish flag pattern has already broken out, confirming strong upward momentum. This breakout suggests that buyers are in control and may push the price higher. The price action aligns with technical analysis, supporting a continued uptrend. Traders anticipate further bullish movement toward the target. Proper risk management is essential to navigate any pullbacks. Monitoring key resistance levels and market conditions is crucial. A sustained rally above the breakout zone can strengthen bullish confidence. Patience and discipline will be key in managing this trade effectively.
Long
by AndrewsMarket-Mastery
1
USDCHF Support Bounce and Bullish OutlookUSD/CHF is currently trading at 0.91100, showing a strong support level. The expected target price is 0.94000, indicating a potential upside of 300+ pips. The price is bouncing well from a key support level, suggesting a bullish reversal. The support and resistance pattern is playing a crucial role in this setup. Traders anticipate that buyers will push the price higher toward the target. A sustained move above resistance may confirm further bullish momentum. Risk management is essential to handle potential reversals. Market conditions and news events should be monitored. A breakout above resistance can strengthen the bullish trend. Patience and discipline are key to executing this trade successfully.
Long
by AndrewsMarket-Mastery
EURUSD 2/2/25Heading into this week, EUR/USD is the first pair we are looking at. We have a new filter applied with our Orion Entry Level V2, as well as the Orion System running in the background. The bias has been shown as bearish, so we are looking for the following. Note the two pre-established highs above, along with a high that is yet to be recognized, as we have not joined the new trading week to confirm that candle closure. That gives us three highs to target and ultimately a heavy cluster of lows marked as the lowest target, along with a high-volume low just below the current price. We're looking for an expansive move down, but overall, we would love to see a pullback into the highs beforehand, remembering that the higher timeframe is giving us our bearish bias. So because of this, we will look to follow it. Remembering that we only take trades if the entries are given, and until we hit the points we want to trade from, we do nothing more than let the market run its course. Trade to your risk, follow your rules, and always let Orion guide you.
by PipSurfingSociety
EURUSD Week 5 Analysis🌐Fundamental Analysis EUR/USD continued to decline for the third consecutive day as markets awaited inflation data from Germany and the US. The ECB cut interest rates by 25 basis points as expected but did not signal any new policy direction. In the US, GDP grew by 2.3% in the fourth quarter, lower than forecast, but jobless claims fell, helping the USD strengthen. Investors are closely watching the German CPI and US PCE, with the possibility of higher inflation data supporting the USD. 🕯Technical Analysis After the weekend decline, EURUSD is heading towards the 1.031 support zone. The recently broken 1.039 support zone acts as immediate support for any buying. Once the price breaks the downtrend at 1.043, the bullish FOMO trend could push the pair towards the weekly resistance around 1.053. On the other side, the sellers took over the market and pushed the price to the weekly support zone around 1.026 📈📉Trading Signals BUY EURUSD 1.031-1.029 SL 1.027 SELL EURUSD 1.042-1.044 SL 1.046
by TVS-Trader
The Trading Quest: Leveling Up Your Trading GameHello, fellow traders. In this education post I will present the evolution of a trader as levels because, truth be told, trading sometimes feels like a video game—except the boss fights are market volatility, and here the only cheat code is discipline. Developing a winning strategy is a journey that starts with basic understanding and evolves into a well polished plan. For this to happen, certain levels have to be "burnt". So below I will outline what I think are the levels of development a winning trading strategy, starting from initial experimentation to highly refined and scalable strategy: 1️⃣ Level 1: The Trial and Error Phase In the beginning, traders experiment with different strategies, tools, and systems. They may rely on random tips, indicators, or systems they read about online, often jumping from one strategy to another without a clear understanding of why one works and another doesn't. Important Aspects: The main issue here is lack of consistency. Strategies often lead to inconsistent results because traders fail to backtest or assess the viability of a system over time. At this stage, the trader might experience frustration as they can't pinpoint why certain strategies work or fail. Why? Testing and refining are vital to developing a strategy. A trader must learn the importance of understanding market conditions and being patient with their trial-and-error process. Backtesting becomes an invaluable tool for this level. 2️⃣ Level 2: The Search for the Right Strategy By this stage, traders understand that there is no "perfect" strategy, but a variety of strategies can work depending on the market behavior. They start to narrow down their focus and look for strategies that align with their risk tolerance, personality, and time commitment. Important Aspects: The trial here is resisting the temptation to continuously jump between different strategies. Traders may still be tempted by the allure of quick profits and may find themselves trying too many things at once, leading to becoming overwhelmed. Why? It is important to focus on finding simplicity and focus on one strategy. Strategies should be tailored to personal strengths, whether that’s day trading, swing trading, or position trading. The trader needs to focus on risk-reward ratios and refine their approach to fit the market conditions. 3️⃣Level 3: Strategy Development and Backtesting At this level, the trader now begins to build their strategy around clearly defined rules for entry, exit, and risk management. Backtesting comes into play, allowing the trader to see how the strategy would have performed in different market conditions. This stage marks the beginning of data-driven decisions rather than relying on guesswork. Important Aspects: The main focus here is to avoid over-optimization. There is the temptation to over-optimize the strategy based on historical data, which can lead to curve fitting. Strategies must be robust enough to perform in a variety of market environments, not just those found in past data. Why? Robust backtesting provides valuable insights, but should not be viewed as a guarantee of future performance. The focus should be on understanding the strategy’s performance across a range of scenarios and refining risk-reward parameters. 4️⃣ Level 4: Refining and Optimization With a tested strategy in place, traders now focus on refining their approach to adapt to real market conditions. This involves implementing risk management techniques such as position sizing, stop-losses or maximum drawdown limits. Here the focus is on refining the strategy, ensuring it is flexible and adaptable to various market environments. Important Aspects: During this phase is important to maintain a balanced risk-reward ratio. Overoptimizing for profitability can lead to excessive risk exposure, which undermines the strategy's long-term viability. Why? Because optimization is an ongoing process. Strategies should never be set in stone. The trader learns that fine-tuning a strategy based on live market conditions and feedback is a continuous process. Optimizing the risk-reward balance will determine the long-term success of the strategy. 5️⃣ Level 5: Live Trading with a Demo or Small Capital Finally! Trust me when I say this is the biggest turning point. After refining the strategy, traders move to live markets with real money, (if then haven't been tempted already and lost money). Often time they start small or using demo accounts to minimize risk. At this level, traders will encounter the psychological elements of trading—such as fear of loss, overconfidence after wins, or hesitation after losses. Important Aspects: The main trial at this level is that the emotional component of trading takes over. Traders may experience a shift in behavior when real money is at stake, even though they had success in demo accounts or small-size trades. Overtrading, revenge trading, and second-guessing the strategy are common pitfalls. Why? The trader must apply the same rules from backtesting to live trading, despite the emotions involved. At this stage, mental resilience and psychological control are just as important as the strategy itself. 6️⃣ Level 6: Full Strategy Deployment and Scaling By now, the trader has developed confidence in their strategy. They’ve mastered the mental discipline required to follow their trading plan, even when emotions are high. The trader begins scaling their strategy, increasing position sizes while maintaining the risk-reward ratio and capital allocation that suits their risk tolerance. Important Aspects: At this level, the trial is to maintain consistency while scaling. The trader may face issues related to emotional attachment to larger positions or feel the pressure to adjust the strategy for increased capital. Market volatility can also affect decision-making, leading to increased risk exposure. Why? As the trader increases their trading capital, they must remain mindful of market conditions and adjust position sizes accordingly. Portfolio diversification and ensuring that no single trade has too large an impact on overall capital are essential here. 7️⃣Level 7: The Master Strategist - The Final Boss 🏆 Congratulations! At this highest level, you must have developed a consistently profitable strategy that can be applied in different market behavior. The strategy has become highly effective in various conditions, and the trader can easily adapt to different setups without deviating from the core principles. Important Aspects: Now the focus is on fine-tuning their mindset for optimal performance. They anticipate emotional triggers before they happen and know exactly how to deal with them when they do come. The trader’s mental clarity allows them to stay composed during market volatility and follow their strategy with unmoved commitment. Why? The pinnacle of trading psychology is the ability to systematically execute trades with confidence, without being influenced by fear, greed, or euphoria. This confidence comes from knowing that their strategy is built on years of testing, adjustment, and improvement. This allows them to consistently make rational decisions that align with their long-term trading goals. They maintain discipline regardless of market volatility and use data-driven decisions to continue growing their capital. 📈 Developing a winning trading strategy is a dynamic process that requires continuous learning, adjustment, and discipline. Traders must be patient with themselves during each level, from the initial trial and error to the refined, proven strategy that supports consistent success. The levels involve mastering both the technical elements of strategy development and the psychological factors that affect trading performance. 🌟
Education
by TrendDiva
4
EURUSD (1H) - Bearish Reversal with Double TopOANDA:EURUSD 📶 Technical Analysis: 🟠 From January 13th to January 29th, the market was in a strong bullish trend, with prices steadily moving higher. The trend was supported by consistent higher highs and higher lows. 🟢 Between January 24th and January 28th, a Double Top pattern formed. This is a classic bearish reversal formation that occurs when the price fails to break above a key resistance level, marking two distinct peaks (tops) at roughly the same price level. The failure to surpass the previous high indicates that the buyers are losing momentum and that the market could be turning bearish. 🟢 On January 29th, the trend line was decisively broken, confirming the shift in market sentiment from bullish to bearish. This breakdown is a crucial event, as it suggests that the upward price movement is no longer sustainable, and the market is now in the process of establishing a downward trend. 🟢 Following the break of the trend line, the price started to form lower highs and lower lows, indicating that sellers have gained control of the market. This pattern is typical in a bearish trend, as it shows diminishing buying pressure and an increasing presence of sellers. 🟢 The bearish crossover of the moving averages further solidifies the reversal. Short-term moving averages crossing below longer-term moving averages indicate that the bearish momentum is accelerating. This is often interpreted as a signal to sell or go short, as the market is now in a confirmed downtrend. 🟡 Key support levels along the new trend line will be crucial to monitor. If the price breaks through any of these support levels, the bearish trend is likely to accelerate, leading to further downside potential. 🆕 Fundamental Analysis: 🟢 The US Dollar (USD) continues to strengthen, as the US Dollar Index (DXY) reached a weekly high of 108.35, driven by strong demand for the Greenback as a safe haven. 🟡 President Donald Trump threatened to impose 100% tariffs on BRICS nations and 25% tariffs on Mexico and Canada if they challenge the US Dollar's dominance or attempt to create an alternative currency. This statement could further increase market volatility and impact global trade relations. 🟡 The Fed held interest rates steady on Wednesday and indicated that it will remain in a wait-and-see mode until there’s substantial progress on inflation or weakness in the labor market. This signals a cautious approach in monetary policy. 🟢 The Euro (EUR) continues to weaken amid expectations of easing monetary policy from the European Central Bank (ECB). German CPI data shows inflationary pressures are easing, boosting hopes that the ECB may lower rates in the future. 🔤 Summary: 🟢 The EUR/USD pair remains under pressure due to a combination of factors, including weaker German inflation data and strong US Dollar performance. The pair is expected to maintain a bearish trend, with the focus on potential short positions around the newly formed trend line or key levels of resistance. 🟢 Watch for the trend line or significant resistance zones, as they may offer entry points for short positions if the pair continues to respect the downward trend. 🔴 If the price breaks above the trend line or key resistance, the current bearish analysis will no longer hold. In this case, it would be prudent to wait for further indicators and clear price action formations before taking new positions.
Short
by boykopetevboev
AUDNZD is in The Bearish DirectionHello Traders In This Chart AUDNZD 4 HOURLY Forex Forecast By FOREX PLANET today AUDNZD analysis 👆 🟢This Chart includes AUDNZD market update) 🟢What is The Next Opportunity on AUDNZD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
1
AUD/USD 4H - Bullish MSSHi all.. thanks all for the huge support following recently! Here is my breakdown for AUD/USD from a 4H perspective.. Firstly the easy thing to notice is the 4H breakout from the Trend line. This large Bullish movement created a MSS. We then have had a very clean buying level left behind from that mitigation block before the breakout. As you can notice the most recent supply zone is what kept the price down although we did see a lot of consolidation forming on that supply in my eyes telling me that structure level isnt going to hold another push. The current price is at a very strong OTE zone which is another confluence to buy from. We also recently took out the most recent protected high so we very well could see a large movement from market open and if that is the case Id potentially be looking to buy straight into the next pullback. For a strong buy setup, look for positions above the Monthly High Strong Time Frame. Im targeting Buy side Imbalance giving us two clear targets. Good luck to the traders that follow this setup.
Long
by jamesibartram
USDJPY Is Bearish! Sell! Here is our detailed technical review for USDJPY. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 155.154. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 154.683 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
Sideways Action in AUD/USD with Bearish Bias Amid RBA Rate Cut AUD/USD is expected to trade sideways in the near term, with a bearish bias overall. The market remains range-bound, and any rallies should be sold at resistance levels, as the broader trend is down. The Reserve Bank of Australia (RBA) is anticipated to cut rates, which could put additional pressure on the Aussie, reinforcing the overall negative outlook for the pair. Watch for confirmation at key levels before entering trades, with the focus on selling at resistance.
Short
by NiF90
GBPUSD is in the Buying Direction after Testing SupportHello Traders In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET today GBPUSD analysis 👆 🟢This Chart includes_ (GBPUSD market update) 🟢What is The Next Opportunity on GBPUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
CADJPY Daily: Trump's tariffs or just a pullback??Since March 2020 the loonie has been in uptrend with ups and downs(as normal in this market) but from July 2024 it got a strong push back about 1442 pips in less than a month. I may be wrong but it was around that time Trump started to mention about the possible tariffs for Canada and seems the market reacted fast. Ok, after that the loonie managed to recover some of the losses but it didn't have enough momentum to break the 111.480 previous Support from May 24 and dropped again. In the chart I can see a formation of a upper TL acting as a dynamic resistance signaling a continuation downward move but also there is a lower TL acting as dynamic support but it was broken last week. Last Friday NY closed below the lower TL but still above the 106.096 previous Support. The last Friday candle shows me as a possible pullback to the upper TL but it closed weak even being a bullish close. I am expecting the price breaks the 106.226 level what if confirmed will open the path to 104.174 or/and even further. On the fundamentals side we have Canadian Net Change Employment and Unemployment Rate on Friday(7/02 @ 23:30 AEST) so be careful. Trade Safe.
by cyberFX2019
EURUSD is Ready for a Long BullHello Traders In This Chart EURUSD HOURLY Forex Forecast By FOREX PLANET today EURUSD analysis 👆 🟢This Chart includes_ (EURUSD market update) 🟢What is The Next Opportunity on EURUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000