Get started

Forex market

USDJPY - A REBOUND FOLLOWING DOLLAR STRENGTHSymbol - USDJPY CMP - 150.25 USDJPY pair is experiencing an upward movement in line with the performance of the US dollar. A temporary reversal is currently unfolding, driven by domestic political and economic factors in the United States. The price is consolidating in the range of 149.40 - 148.60 after a significant decline. This long-term consolidation is creating a reversal pattern, further supported by the reversal and strengthening of the US dollar. Consequently, the Japanese yen is losing ground. Key resistance is located at 150.30, should the bulls manage to maintain support above this level, there is potential for further price appreciation toward trend resistance in the short to medium term. Resistance levels: 150.30, 150.95 Support levels: 149.40, 149.15 At present, the market is in a downtrend, with potential for a counter-trend correction. The direction of the price will depend on the US dollar's performance and upcoming economic news. If the outcome is favorable, the price could potentially reach 152.30
Long
by akshit_official
3.GBP/JPY Shows Bearish Move(Plan Dipper Entry)1. The red zone represents a **supply zone**, where sellers are expected to dominate, leading to a potential price drop. 2. This zone is formed based on previous price action, where strong selling pressure was observed. 3. The current **bearish engulfing pattern** suggests a potential reversal from the supply zone. 4. A bearish engulfing occurs when a larger red candle completely engulfs the previous green candle, signaling selling dominance. 5. The rejection from the supply zone indicates that buyers failed to push higher, leading to a strong bearish move. 6. The trade setup suggests a **short position**, with stop-loss above the supply zone and take-profit at lower support levels. 7. Confirmation of this setup includes volume increase and previous resistance acting as a barrier. 8. If price respects the supply zone, further downside movement is likely. 9. However, a breakout above the supply zone could invalidate the bearish outlook. 10. It's crucial to manage risk properly by adjusting stop-loss levels based on price action.
Short
by Itskevinrana
"EUR/USD Trading Plan: Key Support, Resistance & Entry Points The EUR/USD pair has shown resilience below the 50% Fibonacci retracement level of the rally witnessed in February. The subsequent move above the 38.2% Fibonacci level suggests that the pullback from the 1.0525-1.0530 area has run its course. However, oscillators on the daily chart are yet to confirm a positive bias, warranting caution for bullish traders amid concerns about US President Donald Trump's tariff plans Key Support and Resistance Levels Support Levels: 1.0370: . Resistance Levels: 1.0450: Fibonacci level. 1.0500: P 1.0525-1.0530: Potential Breakout Points Upside Breakout: A sustained move above the 1.0450 resistance level could lift spot prices to the 1.0500 psychological mark. Further strength beyond this level could challenge the 1.0525-1.0530 area, Downside Breakout: A break below the 1.0432 support level could drag the EUR/USD pair to the 1.0330 region The downfall could extend further Trade Setup Based on the current technical landscape, a potential trade setup is as follows: Entry Point: Buy at 1.0420. Stop Loss: 1.0400. Take Profit: 1.0530. Fundamental Considerations The EUR/USD pair will be in focus this week as the United States and Europe publish key economic numbers. Europe will release the preliminary consumer price index (CPI) data for February, with expectations of a slight decrease. Additionally, manufacturing and services PMI data from both regions will provide insights into economic performance. Conclusion The EUR/USD currency pair is at a critical juncture, with technical indicators suggesting potential bullish momentum, provided key resistance levels are breached. Traders should monitor fundamental developments, especially economic data releases and geopolitical events, as they can significantly influence market dynamics. ✅ #forex ✅ #forextrading ✅ #forexanalysis ✅ #forexsignals ✅ #fxtrading ✅ #trading ✅ #eurusd ✅ #eurusdforecast ✅ #eurusdanalysis ✅ #eurusdtrading ✅ #eurusdsetup ✅ #eurusdsignal ✅ #technicalanalysis ✅ #priceaction ✅ #supportandresistance ✅ #trendanalysis ✅ #chartpatterns ✅ #elliottwave ✅ #swingtrading ✅ #daytrading ✅ #scalping ✅ #riskmanagement ✅ #tradingpsychology ✅ #tradingview ✅ #forexcommunity ✅ #marketanalysis
Long
by svignesh7043
2.EUR/GBP TRENDLINE BREAK1. The chart represents the EUR/GBP currency pair on a 45-minute timeframe. 2. It is from TradingView, with price movements shown in candlestick format. 3. A sell trade setup is visible, with a stop-loss placed above resistance. 4. The price has broken a rising trendline, indicating a bearish trend. 5. A red zone marks the stop-loss area, while a green zone represents the take-profit target. 6. The 50-period moving average (yellow line) is present, acting as dynamic resistance. 7. The price is currently at 0.82456, showing a slight decline (-0.03%). 8. The trade aims for a lower target, around 0.82272. 9. The session is active, and the price is moving within the trade setup.
Short
by Itskevinrana
2
GBP/JPY Trading Strategy – Short to Target 185I. Technical Analysis 1. Overall Trend On the H4 timeframe, GBP/JPY remains in a downtrend, as indicated by: Lower highs and lower lows. Price trading below both the EMA 50 & EMA 200, confirming bearish momentum. A weak pullback formation, suggesting a continuation of the downtrend. On the D1 timeframe, GBP/JPY is moving within a descending channel, encountering resistance around 191.4 - 192.8 (previous swing high and descending trendline). 2. Key Resistance & Support Levels ✅ Strong Resistance (Sell Zone): 190.2 - 191.45: Confluence of the descending trendline + EMA 50 on H4. 192.8: Major resistance level and a logical Stop Loss placement. ✅ Target Support (Take Profit): 185.2 - 185.0: A strong support zone from the previous low. ✅ Indicators Confirmation: Decreasing volume on price pullback, indicating weakening bullish momentum. RSI below 50, not yet oversold, leaving room for further downside movement. II. Trading Strategy 1. Entry Points Sell GBP/JPY around 190.2 - 191.45 upon price testing resistance. Consider splitting the order: Sell 50% at 190.2 Sell remaining 50% at 191.45 (if price continues upward). 2. Stop Loss (SL) 192.8: A break above this level invalidates the bearish setup. 3. Take Profit (TP) TP1: 187.0 → Close 50% of the position and move SL to breakeven. TP2: 185.2 - 185.0 → Fully close the trade. 4. Risk/Reward Ratio (R:R) Average Entry: 190.8 SL: 192.8 (-2.0 pips) TP: 185.2 (+5.6 pips) R:R = 2.8:1 → Reward is 2.8 times the risk, making this an attractive swing trade setup. III. Risk Management & Market Scenarios 🔸 If Price Moves in Favor ✅ Upon reaching 187.0, move SL to breakeven, ensuring no risk exposure. 🔸 If Price Hits 192.8 ❌ Exit the trade entirely, as the bearish structure is broken. 🔸 Key Observations ⚠️ If price aggressively rises to 191.45 with strong volume, wait for bearish confirmation before entering. IV. Conclusion of me Short GBP/JPY at 190.2 - 191.45, TP at 185.2 - 185.0, SL at 192.8. Strong R:R ratio (2.8:1), suitable for swing trading. Expected Holding Period: Until mid-week, closely monitoring price action. Follow me now, good luck evrybody!
Short
by HungDaoGlobalTrading
2
EURUSD MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
Long
by okako_trading
USDCAD SELL ON FIRE.......📉 USDCAD: Bearish Move Incoming? The USDCAD pair is showing signs of weakness, suggesting a potential downside move. Here’s why sellers might take control: 🔹 Strong Canadian Dollar (CAD): Rising oil prices are boosting the Canadian dollar, as Canada’s economy is closely tied to crude oil exports. 🔹 Weaker US Dollar (USD): The US dollar is facing pressure due to dovish signals from the Federal Reserve and softer economic data. 🔹 Technical Breakdown: USDCAD is approaching a key support level. A break below could trigger further downside momentum. 🔹 Market Sentiment: Risk appetite in global markets is favoring commodity-linked currencies like CAD, adding to the selling pressure on USDCAD.
Short
by E_R_S
1
1.USD/JPY TRENDLINE BREAKOUT1. This is a **USD/JPY** (U.S. Dollar to Japanese Yen) forex chart on a **30-minute timeframe**. 2. A **descending trendline** has been drawn, indicating a prior downtrend. 3. Price has **broken above the trendline**, signaling a possible bullish breakout. 4. A **buy position** has been taken after the breakout. 5. The **entry price** is around **149.899**. 6. The **stop-loss (SL)** is placed near **149.156**, below recent support. 7. The **take-profit (TP)** is near **150.822**, targeting the next resistance level. 8. A **risk-to-reward ratio** is evident, with the green area representing profit potential and the red area showing risk. 9. The **moving average (yellow line)** provides trend guidance. 10. The overall strategy appears to be a **breakout retest trade** aiming for further upside movement. #USDJPY #TRENDLINE #Breakout
by Itskevinrana
GBPNZD - Channel Boundaries in Play! What’s Next?The weekly chart of GBPNZD shows price action respecting an ascending channel structure. The pair has been moving within a well-defined ascending channel since early 2023. GBPNZD weekly chart highlights price action within an ascending channel structure with key levels in play. Watch for bullish opportunities near the support zone at 2.1400–2.1800 or bearish continuation if price breaks below this zone. What’s your bias? Let me know in the comments! #GBPNZD #Forex #TechnicalAnalysis Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Forex trading involves significant risk of loss and may not be suitable for all investors.
Short
by PhD_Swingtrader
EURUSD - PRE BREAKOUT CONSOLIDATION - ASCENDING TRIANGLESymbol - EURUSD CMP - 1.0485 The EURUSD pair continues to display bullish signals, suggesting the potential for sustained upward movement. However, significant resistance lies ahead, and the market is currently undergoing a pre-breakout consolidation phase. The U.S. dollar is experiencing a corrective phase, influenced by economic data, domestic political developments, and indications from both President Trump and Federal Reserve Chairman Jerome Powell regarding the possibility of an imminent interest rate cut. The euro is benefiting from the weakening dollar, though the duration of this trend remains uncertain, particularly in the context of the ongoing trade tensions between the U.S. and Europe. From a technical perspective, the current chart suggests a bullish outlook. An ascending triangle is forming within the prevailing uptrend, generally indicative of market optimism. Key focus is placed on the pattern’s base, with resistance located at the 1.0530 level. Support levels: 1.0450, 1.0400 Resistance levels: 1.0530 Should the dollar continue its downward trajectory, the pair is poised for potential growth. A retest of the trend support level, possibly marked by a false breakout, could occur before a decisive breakout. A successful breakout and sustained consolidation above the 1.0530 resistance level may trigger further upward movement.
Long
by akshit_official
Market Recovery Strategies Amidst Downturns# Market Recovery Strategies Amidst Downturns Market downturns create uncertainty, but strategic planning helps traders navigate volatility and recover losses effectively. ## 1️⃣ Identifying Market Bottoms ✅ Technical Signs: RSI below 30 (oversold), MACD bullish divergence, and volume spikes signal reversals. ✅ Fundamental Triggers: Earnings growth, government policies, and institutional buying indicate recovery. ## 2️⃣ Key Recovery Strategies ✅ Sector Rotation: Shift focus to recovering or defensive sectors (tech, banking, FMCG). ✅ Portfolio Rebalancing: Move capital to strong stocks and blue chips. ✅ Dollar-Cost Averaging: Invest gradually to reduce volatility risk. ✅ Derivative Hedging: Use Put Options & Covered Calls for risk protection. ✅ Market Sentiment Tracking: Watch Put-Call Ratio (PCR) & VIX for trend signals. # 3️⃣ Trading Psychology for Recovery ✅ Avoid Panic Selling: Assess market recovery potential before exiting. ✅ Stick to a Strategy: Maintain risk management and long-term goals. ✅ Learn & Adapt: Every downturn is an opportunity to refine trading skills. Conclusion: Market downturns are temporary—using smart strategies, risk control, and disciplined trading ensures long-term success! 🚀📈
Education
by SkyTradingZone
1
EUR/GBP 45m Trendline Break1. This is a EUR/GBP forex chart from TradingView on the 45-minute timeframe. 2. A rising trendline was broken, leading to a bearish move. 3. A short trade setup is marked, with a stop-loss in the red zone and take-profit in the green zone. 4. The price has retested the broken trendline and continued downward. 5. Volume bars at the bottom indicate trading activity, with a noticeable increase in selling pressure. #EUR/GBP #eur/gbp #trendline #breakout
by Itskevinrana
1
Massive Output Of EUR/GBP TradeThis trade on EUR/GBP captures a strong bearish move following a trendline break. 1. The price was in an uptrend, respecting the ascending trendline until a decisive breakdown. 2. A sharp rejection at the top formed a lower high, signaling a potential reversal. 3. The breakdown was confirmed by strong bearish momentum, supported by a moving average crossover. 4. A short position was taken after the price retested the broken trendline. 5. The entry was around 0.82911, with a stop loss above the previous high at 0.83026. 6. The take profit target was set near the key support zone around 0.82635. 7. The risk-to-reward ratio was favorable, with a larger downside potential. 8. Price continued to decline, respecting the downward momentum. 9. The trade followed technical confluence, including structure, moving averages, and price action. 10. The execution capitalized on the trendline break, resulting in a profitable move.
by Itskevinrana