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EURUSD is Ready for a Long BullHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD 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
EUR/USD - Weekly Outlook (Strong Plan)Hi all, This is a very strong and so far my favourite plan so far in this weekly outlook, let me explain.. Larger TF show clearly we are in a Bearish Run.. We shall keep jumping into this run to catch further profits. We can see lower Imbalance to take so at this point I will continue selling into the Higher TF Demand zone. Smaller TF we are looking to capture these strong pullbacks to jump into sells, so far we can notice price has respected this Supply Zone taking out the Buyside Liquidity. This is good confirmation that price now wants to seek lower Liquidity. We then follow price to notice a strong CHoCH before we see fundamentals pushing price strongly down during market closure last week. We caught a really nice buy setup to fill that Imbalance but now we have once again broken structure in smaller TF Now looking at were we are now with market closure we are in a range of which I would like to see price creep up into that dotted line being our Premium Range to get a good selling price to sell off to break further structure. Be sure to comment on your thoughts towards this trade Idea. Good luck to the traders that decide to follow
Short
by jamesibartram
Weekend UpdateNo trade taken last week due to the gap that was formed at the start of the week. I didn't want to end up forcing a trade and breaking my trading plan but this is the trade we would have taken if we were playing it a little more risky. To some traders this isn't risky at all and maybe I played it too safe but this type of discipline is what you need to be successful as a trader. As for the pair CADJPY, I was looking for it to retrace deeper into the zone to then continue trending down but price didn't. We still did manage to read this entire move to the T and I'm satisfied with my decision last week. We should get a good move this upcoming week. 🏴
Short
by themarketmafia
EURUSDUnited states economic events and data releases could affect the EUR/USD's trade directional bias,Key Events and Potential Impacts to watch is as follow: Fed Chair Powell's Testimony (February 11),Powell is scheduled to testify before Congress, and his remarks will be closely scrutinized for clues about future monetary policy decisions. A hawkish tone (emphasizing inflation concerns and potential rate hikes) would likely strengthen the USD and push EUR/USD lower. A dovish tone (highlighting economic risks and hinting at potential rate cuts) could weaken the USD, allowing EUR/USD to rise. Another data print will be US CPI Data on (February 12) which will bring volatility in the space. The January Consumer Price Index (CPI) will be released and if the data is Higher-than-expected CPI and Core CPI figures (above forecasts of 0.3% m/m and 2.9% y/y) could reinforce a hawkish Fed stance, strengthening the USD and pushing EUR/USD lower. Lower-than-expected CPI data could suggest easing inflation, potentially leading the Fed to consider a more dovish approach, weakening the USD and allowing EUR/USD to rise. EUR/USD Technical Outlook and Key Levels: Bearish Signals: The EUR/USD pair is at risk of falling further, after breaking my demand floor on weekly. Technical indicators also support a bearish continuation, unless we have a weekly break and close above the supply roof on negative united states data print this week. EURUSD Upside Potential is possible if The US Dollar (USD) fails to resume its rally, that will give Euro small upward traction ,but they have to break supply roof first and turn to demand floor to upswing Trade War Impact: The US trade war tensions could continue to influence the EUR/USD. Prolonged tariffs could lead to higher US inflation, potentially compelling the Fed to adopt a more hawkish stance and strengthen the USD. Overall Directional Bias: Bearish Tentency: Given the technical signals and potential for a hawkish Fed stance, the EUR/USD may be biased toward the downside. Disclaimer: This analysis is based on market structure strategy which i developed for free and should not be considered financial advice at any given time ,don't come cry like a baby Trade with caution and conduct your own research.
by Shavyfxhub
A detailed explanation of parallel price channels and how to use📚 A detailed explanation of parallel price channels and how to use them in technical analysis 📈 Parallel price channels are one of the most important technical analysis tools that help traders identify **trends, entry and exit points, and potential levels of reversal or breakout**. --- ## **🟢 First: What is a parallel price channel?** A parallel price channel is a **price range within which the price moves regularly**, and is defined by **two parallel lines** that represent **dynamic support and resistance**. 📌 Channels can be: 1️⃣ **Ascending**: When the price is in an upward trend with increasing bottoms and tops. 2️⃣ **Downward**: When the price is in a downward trend with decreasing bottoms and tops. 3️⃣ **Horizontal (Sideways)**: When the price moves sideways between fixed levels. --- ## **🟢 Second: Components of the price channel** 🔹 **The upper limit of the channel (moving resistance)**: Represents a selling area where the price tends to reverse downward when touched. 🔹 **The lower limit of the channel (moving support)**: Represents a buying area where the price tends to rebound upward when touched. 🔹 **The middle line (in some channels)**: Helps identify rebound and balance points within the channel. --- ## **🟢 Third: How to draw a price channel?** ### **✏️ Steps to draw a price channel manually:** 1️⃣ Determine the market direction (upward, downward, sideways). 2️⃣ Draw the main trend line by connecting **two major peaks or bottoms**. 3️⃣ Copy this line and place it **parallel** on the other side of the price to form the channel. 4️⃣ Make sure that the price moves between the two lines logically without a clear breakout. ✍ **Practical example:** 📈 If you have two rising bottoms in an upward trend, you can draw a line that passes through them and then copy it upwards at the peaks, to form an ascending channel. --- ## **🟢 Fourth: How to use the price channel in trading?** ### **1️⃣ Trading inside the channel** (Strategy 1) ✅ **Buy from the lower limit of the channel** (at the moving support). ✅ **Sell at the upper limit of the channel** (at the moving resistance). 📌 This strategy is effective in stable markets without strong breakouts. 📍 **Example of trading inside the channel:** - In the ascending channel, if the price touches the lower limit, the purchase is made with a **stop loss below the channel**. - In the descending channel, if the price touches the upper limit, the sale is made with a **stop loss above the channel**. --- ### **2️⃣ Trading when the channel is broken** (Strategy 2) 🔴 **Breaking the upper limit of the channel** → indicates **continuation of the upward trend** (buy signal). 🔴 **Breaking the lower limit of the channel** → indicates **continuation of the downward trend** (sell signal). 📍 **Example of breaking the channel:** - If the price is inside an ascending channel, then **breaks the upper limit**, a **buy deal** can be entered after a retest. - If the price is inside a descending channel, then **breaks the lower limit**, a **sell deal** can be entered after a retest. --- ## **🟢 Fifth: Analysis of the attached image** ✅ **In the attached chart, we have an ascending channel within a downward trend**, and the channel was broken downwards, which led to **continuation of the downward trend**. ✅ Areas have been identified: - **SL (Stop Loss)** → Stop loss above the channel to prevent risks. - **LOGIN** → Entry point after breaking the channel. - **TP (Take Profit)** → Take profits based on the channel size. --- ## **🟢 Sixth: Professional tips for using price channels** 💡 **Combine them with other indicators** such as RSI or MACD to confirm signals. 💡 **Monitoring volume**: When the channel is broken with high trading volume, the break is stronger. 💡 **Time analysis**: Using channels on different frames gives better accuracy. 💡 **Use appropriate stop loss** to protect capital from false breakouts. --- 🚀 **💡 Summary:** Price channels are a powerful tool for identifying trends and entry and exit points, and are used in trading within the channel or when a price break occurs. Their accuracy can be improved by combining them with other indicators and understanding volume and price momentum.
Education
by omar_elliot
GBPUSDIn today’s trading session, GBP/USD appears to have limited volatility and is trading around the 1.242 region, supported by an upward trendline on the 4H chart. The US Dollar (USD) remains resilient against its peers as investors stay cautious ahead of the key Non-Farm Payrolls (NFP) data from the United States. This has limited GBP/USD’s upward momentum. However, despite the reaction to this information, GBP/USD has managed to avoid a deep decline and has found some opportunities to move higher. On Wednesday, disappointing ISM Services PMI data weighed on the US Dollar (USD), making it harder for the currency to attract demand. Additionally, bullish movements in the US equity markets added further pressure on the USD, allowing GBP/USD to maintain its upward stance.
Long
by Disco-Dave
GBPJPY Bearish Continuation Expected 🔹 Current Price: 188.362 🔹 Key Resistance Levels: 188.998 - 189.141 (Short-term resistance) 190.068 - 190.599 (Major resistance) 🔹 Key Support Levels: 187.694 (Break & retest zone) 186.922 (Next target) 186.488 (Major support) 🔹 Market Outlook: Price is rejecting from resistance and forming a bearish structure. A break below 187.694 could confirm further downside. If price retraces towards 188.998 - 189.141, look for rejections to enter shorts. 🔹 Trade Setup: ✅ Sell Zone: 188.998 - 189.141 ✅ Target: 186.922 - 186.488 ✅ Invalidation: Above 190.068
Short
by Disco-Dave
EURUSD 10-14 Feb 2025 W7 - Weekly Analysis - US CPI/PPI/PowellThis is my Weekly analysis on EURUSD for 10-14 Feb 2025 W7 based on Smart Money Concept (SMC) which includes the following: Market Sentiment Weekly Chart Analysis Daily Chart Analysis 4H Chart Analysis Economic Events for the Week Market Sentiment Mixed Labor Market Signals The February 7 NFP report showed 143K new jobs (below expectations of 170K), signaling potential cooling in the labor market. However, strong wage growth (0.5% MoM, 4.1% YoY) and a 4% unemployment rate (down from 4.1%) suggest lingering inflationary pressures. Markets may interpret this as a "Goldilocks" scenario: cooling job growth could delay Fed rate hikes, but elevated wage inflation keeps stagflation risks alive. Tariff Volatility and Trade Uncertainty Trump’s tariffs (10% on China, delayed 25% on Canada/Mexico) dominate market psychology. While tariffs are a negotiation tool, their sudden implementation and reversal create uncertainty. For example: Automotive and energy sectors face direct risks due to integrated North American supply chains. Consumer goods (e.g., electronics, produce) may see price hikes, amplifying inflation fears. Retaliatory measures from China add to global trade tensions. Week major news events Fed’s Powell testifies ECB Lagarde Speech US CPI, PPI and Retail Sales EU GDP Given the forecasts and the recent NFP report showing slower job growth, market sentiment could be cautious. If the CPI and PPI readings come in higher than expected, it could reinforce concerns about inflation and lead to USD Strength. Investors might seek safe-haven assets. Conversely, if the CPI and PPI readings are in line with or lower than expectations, it could provide some relief to the markets and support a more positive sentiment which will lead to Weaker USD. Weekly Chart Analysis 1️⃣ 🔹Swing Bearish 🔹Internal Bearish 🔹In Swing Discount 🔹Swing Continuation Phase (Pro Swing + Pro Internal) 2️⃣ 🔹INT structure continuing bearish with iBOS following the Bearish Swing. (End of 2023 till end of 2024 was a pullback phase after the first bearish iBOS) 3️⃣ 🔹After the bearish iBOS we expect a pullback, price tapped into Monthly Demand and the liquidity below Nov 2022 which is above the weekly demand formed with the initiation of the bearish iBOS pullback phase. 🔹Price made a bullish CHoCH which indicated that the liquidity was enough as per previous week analysis to initiate a pullback phase for the bearish iBOS. 🔹Price pulled back after the Bullish CHoCH to the Weekly Demand formed and showed reaction after a volatile week. 🔹Price still looking bearish to target the Weak INT low to target the Weekly unmitigated demand. Ultimately targeting the Swing Weak Low. 🔹Noticing that the Bearish INT Low didn’t pullback to at least the INT Structure EQ (50%) so there is a chance that price could hold the current Weekly Demand to fulfil the i-BOS pullback phase which will require MTF to confirm this scenario. 🔹Expectation is set to Bearish continuation targeting the Weak INT Low and the unmitigated Weekly Demand. Daily Chart Analysis 1️⃣ 🔹Swing Bearish 🔹INT Bearish 🔹Swing Continuation Phase (Pro Swing + Pro Internal) 2️⃣ 🔹Following the Bearish Swing BOS, INT Structure continuing bearish tapping the weekly demand zone. 3️⃣ 🔹After the failure to close below the Weak INT Low, price continued bullish sweeping the liquidity above Dec 30 and mitigating a Daily supply zone within the INT Structure Premium Zone. 🔹With the mitigation of the Daily supply, price created a Bearish CHoCH signaling the end of the Pullback Phase of the INT structure and the start of the Bearish move targeting the Weak INT Low. 🔹Price failed for the 2nd time to close below the Weak INT Low after mitigating the Daily Demand formed from the failure to close below the Weak INT Low which triggered aggressive Bullish reaction and mitigating the Daily Supply Zone formed from the recent Bearish CHoCH. 🔹After Supply mitigation, price continued Bearish following the Bearish INT Structure continuation phase. 🔹Expectations is price to continue Bearish to target the Weak INT Low and hopefully we get a confirmed close which is fulfilling the Weekly target of continuing Bearish. 🔹Notice that if the Daily formed a Bullish CHoCH (Currently above the recent mitigated Supply) this will shift my outlook to the Weekly Scenario of a deep pullback of the Weekly INT Structure to at least the Structure EQ (50%). MTF required to shift Bullish to confirm. 4H Chart Analysis 1️⃣ 🔹Swing Bullish 🔹INT Bearish 🔹Reached Swing Extreme Demand 🔹Swing Continuation 2️⃣ 🔹With the deep pullback to the Bullish Swing extreme discount and mitigating the 4H/Daily demand zones, price turned Bullish forming a Bullish CHoCH. 🔹The current Bullish move from Swing extreme discount to current price level having 2 scenarios: Scenario 1: Pullback for Bearish INT Structure and with the recent Bearish CHoCK and Minor Demand zones are failing, I expect Bearish continuation to target the Weak INT Low which aligns with the Daily/Weekly Bearish Structure/Move. (Counter Swing – Pro Internal) Scenario 2: Bullish Swing continuation to target the Weak Swing High. Which requires to have Demand holding and Supply failing. The first sign required to confirm this scenario will be the current Demand which price is currently at to hold and we form a Bullish CHoCH. (Pro Swing – Counter Internal) 3️⃣ 🔹Expectations is set to Bearish to target the Weak INT Low as long LTFs are staying Bearish. Economic Events for the Week
by Amr-Sadek
USDCADUSD/CAD represents the exchange rate between the US Dollar (USD) and the Canadian Dollar (CAD), often referred to as the “Loonie” due to the loon bird featured on Canada’s one-dollar coin. This pair is heavily influenced by commodity prices, particularly crude oil, as Canada is a major oil exporter. When oil prices rise, the Canadian dollar typically strengthens, pushing USD/CAD lower, and vice versa. Other key factors affecting the pair include interest rate differentials between the Federal Reserve and the Bank of Canada, economic data from both countries, and overall risk sentiment in the global markets. The pair is known for its sensitivity to both energy markets and monetary policy shifts.
Long
by HavalMamar