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USDCHF - Bearish game Hi All! 📉 USDCF: Correction in Progress, Expecting a Drop On the 8H chart of USDCF (Sep 27, 2024 – Jan 13, 2025), a five-wave impulse may have formed, followed by a correction. 🔹 Wave A has already formed. 🔹 Wave B nearly reached the local high but didn’t break it. 🔹 A pin bar appeared on the daily chart yesterday, strengthening the probability of a decline. 💡 Target – the 0.88784 area, where the 38% Fibonacci level is located. A deeper drop is possible, but this is the minimum target. 📊 Trade setup: 🔹 SL – above the local high 🔹 RR – 2.03 Watching the price action closely for further confirmations!
Short
by AUREA_RATIO
USD/CAD: Market Shifts Bearish – Drop Just StartingWelcome back! Let me know your thoughts in the comments! ** USDCAD Analysis ! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Welcome back! Let me know your thoughts in the comments!
Short
by OGT_Forex
Possible 500Pips on GBPUSDWait for an intraday Shift on 1HFT looking @price closing above 1.2280. Once achieved, look for an entry to target 1.2390 with 30pips Stoploss GBPUSD : Keep an eye for an intra Day structure shift, to buy price in to the gap created from the weekend laps. Keep an eye on 1.2282 for the shift, and Buy to a minimum of high of 1.2382 for about 100pips. This move can become a possible swing, listen to the conditions Stated in the video analysis. Stay disciplned to wait for the conditions to be met before executing. Patience is the way!Ieios
Long
by Ieios
1
Could the Aussie reverse from here?The price is rising towards the pivot which acts as a pullback resistance and could reverse to the pullback support. Pivot: 0.6244 1st Support: 0.6176 1st Resistance: 0.6292 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
Bearish drop?EUR/CAD is reacting off the pivot which has been identified as an overlap support and could drop to the pullback support. Pivot: 1.49218 1st Support: 1.47989 1st Resistance: 1.50755 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
EUR/USD Gaps Lower as Trump's Tariff War Escalates EUR/USD gapped lower this morning, driven by Donald Trump’s fresh round of tariffs, reigniting fears of a global trade war. The US Dollar’s safe-haven appeal surged, putting the Euro under pressure. Fundamentals Weighing on EUR/USD The ongoing trade war between the US and key trading partners has created fresh uncertainties, with Trump’s tariffs on imports from Canada, Mexico, and China exacerbating tensions. A 25% tariff on goods from Canada and Mexico, alongside a 10% tariff on Chinese imports, is raising concerns about the impact on global trade and economic growth. In the wake of these announcements, the US Dollar has strengthened, further pressuring the EUR/USD pair. The Euro is also weighed down by diverging monetary policies between the Federal Reserve and the European Central Bank (ECB). The ECB recently cut interest rates, citing concerns over sluggish growth in the Eurozone, while the Federal Reserve has maintained its stance, holding rates steady at 4.25%-4.50%. Additionally, weak economic data from Europe, including a 0.2% contraction in Germany's Q4 GDP and a modest 0.9% annual gain for the broader Eurozone, contrasts with the more resilient US economy, which posted 2.3% GDP growth in Q4, despite coming in below expectations. Gap Signals Burst of Bearish Momentum This morning’s large gap lower in EUR/USD is significant, signalling a sharp increase in bearish momentum aligned with the dominant downtrend. EUR/USD has been trending lower for the last six months, leading to a bearish crossover of the 50-day moving average below the 200-day moving average. After hitting fresh trend lows in mid-January, the recent rebound found resistance at the 50-day moving average before rolling over at the end of the month, forming a new lower swing high. With the gap lower, the RSI has dropped sharply but remains above oversold territory, while price action is now looks set to test key support around January’s swing lows. Looking ahead, volatility is expected to remain high as markets react to Trump’s trade policies and anticipate Friday’s non-farm payrolls data. Expect the top and bottom of the gap to serve as resistance going forward, shaping near-term price action in the EUR/USD pair. EUR/USD Daily Candle Chart Past performance is not a reliable indicator of future results Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
by Capitalcom
USDCHF → The bullish trend may get its continuationFX:USDCHF is entering the realization phase after a prolonged correction. A favorable background is created by the uptrend and rising dollar... The technical outlook on the daily timeframe is very good. The price after breaking the trend resistance tested the previously broken line. The currency pair after the false breakout managed to consolidate above the key point, marking an interim bottom and further prospects. Technically, the focus is on the resistance at 0.911, if the bulls can overcome this area and consolidate above this level, the currency pair will be able to realize a rise to 0.918 - 0.93. Resistance levels: 0.911 Support levels: 0.90555 Before breaking the resistance, the currency pair could test 0.90555 due to the liquidity generated below this area. But, the trigger that can provoke further growth is 0.911 Regards R. Linda!
Long
by RLinda
2
EUR/USD slides on tariff turmoil, euro CPI risesThe euro has weakened at the start of the new week. EUR/USD slumped over the weekend and dropped as low as 1.0141, its lowest level since Nov. 2022. The euro has recovered somewhat on Monday and is trading at 1.0277 in the North American session. Still, the euro has dropped 0.76% since Friday's close. US President Trump hasn't wasted any time and imposed 25% tariffs on Mexico and Canada over the weekend, effective February 4. Mexico and Canada have both announced retaliatory tariffs in response. Earlier today, just one day before the tariffs were to take effect, the US announced that the tariffs against Mexico would be delayed for a month. The breather is good news, but the US could still find itself embroiled in a trade war with its two neighbors, in what is the world's largest trade zone. Trump hasn't slapped the European Union with any tariffs yet, but said on Friday that he would "absolutely" go after imports from the EU. Global markets have been hit by fears of a global trade war resulting from the US tariffs and the US dollar is up sharply against most of the major currencies, including the euro. Inflation in the eurozone ticked upwards to 2.5% y/y in January from 2.4% in December, above the market estimate of 2.4%. This was the highest CPI level since July 2024, driven mainly by a sharp jump in energy prices. Core CPI, which excludes food and energy prices, remained unchanged at 2.7% y/y for a fifth straight month, just above the market estimate of 2.6%. This is above the European Central Bank's 2% target but is the lowest level since January 2022. Services inflation, which is closely watched by the ECB, eased to 3.9% in January, down from 4% in December. Today's inflation report affirms that inflationary risks remain and could complicate the ECB's plans to reduce interest rates and kick-start the weak eurozone economy. The ECB meets next on March 6. EUR/USD has pushed above resistance at 1.0244 and is testing resistance at 1.0297 There is support at 1.0203 and 1.0175 www.tradingview.com
by OANDA