NzdUsd will start to move up soon.What I see!
Looking for Impulse Up.
NU will soon begin to reverse. Before entering the trade, we ought to wait for LTF price movement. solely for educational purposes.It's important to have your own rules on RR and adhere to them. This trading idea is intended to assist you and enhance your knowledge. If you have any questions, please ask me in the comments.
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Forexmarket
Daily Analysis of GBP to USD – Issue 172The analyst believes that the price of { GBPUSD } will increase in the next 24 hours. This prediction is based on quantitative analysis of the price trend.
Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
Daily Analysis of Gold Ounce to USD – Issue 172The analyst believes that the price of { XAUUSD } will decrease in the next 24 hours. This prediction is based on quantitative analysis of the price trend.
Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
#XAUUSD 1HXAUUSD Based on the 1-hour analysis, I am observing the resistance zone around 2660.00 and 2665.00 for potential selling opportunities.
Target levels: 2655.00, 2640.00, 2625.00, 2614.00, and 2605.00.
Key pattern: Bearish engulfing near the resistance area.
Important note: Avoid placing any pending orders at this time. Wait for strong bearish confirmation signals before entering a trade.
If the price successfully closes above 2672.00, it is recommended to avoid taking sell positions.
#XAUUSD 4HXAUUSD Based on the 4-hour analysis, I am currently monitoring key support levels at 2610.00 and 2605.00 for potential buying opportunities.
Target levels: 2660.00, 2680.00, 2700.00, and 2780.00.
Important note: If the price closes below 2600.00, it is advisable to avoid any buying positions.
For now, refrain from placing any pending orders. Wait for strong bullish confirmation signals before entering a trade.
This setup represents a significant swing trade opportunity.
#EURNZD 2HEURNZD 2-Hour Analysis
The EURNZD pair is forming a rising wedge pattern on the 2-hour chart, which often signals a potential bearish reversal. The price is trading near the wedge's upper levels, and a breakdown below the support line would confirm selling pressure, offering further sell opportunities.
Technical Outlook:
Pattern: Rising Wedge
Forecast: Bearish (Sell, and Sell More on Support Line Breakdown)
Entry Strategy: Initiate a sell position if the price shows bearish signals near the wedge's resistance. Add to the position or open new sell trades once the support line is broken and confirmed with a retest or bearish price action.
Traders should monitor indicators like RSI for overbought conditions or MACD for bearish crossovers to strengthen the case for a sell. Use proper risk management by setting stop-loss orders above the wedge resistance and targeting key support levels below the breakdown point.
#GBPAUD 1DAYGBPAUD Daily Analysis
The GBPAUD pair is trading near the resistance line of an uptrend channel on the daily chart, suggesting a potential reversal or correction from this level. The channel resistance indicates strong selling pressure, making it a key area to watch for bearish setups.
Technical Outlook:
Pattern: Uptrend Channel Resistance
Forecast: Bearish (Sell Opportunity)
Entry Strategy: Enter a sell position if the price confirms rejection at the channel resistance through bearish price action signals, such as a bearish engulfing candlestick or a double top pattern.
Traders should use indicators like RSI to check for overbought conditions or MACD for divergence that signals weakening bullish momentum. Apply proper risk management by placing stop-loss orders above the channel resistance and setting profit targets at key support levels within the channel.
#GBPJPY 1DAYGBPJPY Daily Analysis
The GBPJPY pair is approaching a significant trendline resistance on the daily chart, suggesting a potential reversal or rejection from this level. This resistance line indicates strong selling pressure, making it a prime area for bearish setups.
Technical Outlook:
Pattern: Trendline Resistance
Forecast: Bearish (Sell Opportunity)
Entry Strategy: Enter a sell position if the price confirms rejection at the trendline resistance through bearish price action signals, such as bearish engulfing candlesticks or lower highs.
Traders should closely watch indicators like RSI for overbought conditions or MACD for signs of weakening bullish momentum. Ensure proper risk management with stop-loss orders placed above the resistance line and profit targets set at nearby support levels.
#XAUUSD/GOLD 4HXAUUSD 4-Hour Analysis
The XAUUSD (Gold) pair has broken below a significant trendline support on the 4-hour chart, signaling a shift in momentum to the downside. This breakdown indicates increased selling pressure and provides a strong opportunity for bearish positions.
Technical Outlook:
Pattern: Trendline Support Line Breakdown
Forecast: Bearish (Sell Opportunity)
Entry Strategy: Enter a sell position after confirming the breakdown with bearish price action signals, such as a retest of the broken support line acting as resistance or the formation of lower highs and lower lows.
Traders should monitor indicators like RSI for confirmation of bearish momentum or MACD for a bearish crossover. Risk management is essential, with stop-loss orders placed above the retest level and profit targets set at key support zones below.
Daily Analysis of Gold Ounce to USD – Issue 171The analyst believes that the price of { XAUUSD } will decrease in the next 24 hours. This prediction is based on quantitative analysis of the price trend.
Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
Daily Analysis of GBP to USD – Issue 170The analyst believes that the price of { GBPUSD } will decrease in the next 24 hours. This prediction is based on quantitative analysis of the price trend.
Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
Daily Analysis of Gold Ounce to USD – Issue 170The analyst believes that the price of { XAUUSD } will increase in the next 24 hours. This prediction is based on quantitative analysis of the price trend.
Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
Daily Analysis of Bitcoin – Issue 230The analyst believes that the price of { BTCUSD } will increase in the next 24 hours. This prediction is based on quantitative analysis of the price trend.
Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
#EURUSD 1HEURUSD 1-Hour Analysis
The EURUSD pair has broken out of a downtrend channel resistance on the 1-hour chart, signaling a potential shift in momentum to the upside. This breakout indicates bullish strength and presents an opportunity for buying as the price may continue to rise toward higher resistance levels.
Technical Outlook:
Pattern: Downtrend Channel Resistance Breakout
Forecast: Bullish (Buy Opportunity)
Entry Strategy: Enter a buy position after confirming the breakout with bullish price action signals, such as a retest of the broken resistance line acting as support or the formation of higher highs and higher lows.
Traders should monitor indicators like RSI for overbought conditions or MACD for confirmation of bullish momentum. Employ proper risk management with stop-loss orders placed below the breakout or retest level, and set profit targets at key resistance zones above.
#EURNZD 1HEURNZD 1-Hour Analysis
The EURNZD pair is forming a rising wedge pattern on the 1-hour chart, which typically indicates a bearish reversal. The price is currently trading within the wedge, and a breakdown below the support line would signal selling pressure, creating a strong opportunity for further downside after a retest of the broken level.
Technical Outlook:
Pattern: Rising Wedge
Forecast: Sell (Sell Opportunity upon Support Breakdown and Retest)
Entry Strategy: Enter a sell position after the price breaks below the wedge's support line and confirms the breakdown with a retest, followed by bearish price action signals such as rejection candlesticks or lower highs.
Traders should monitor indicators like RSI or MACD for divergence or bearish crossovers to strengthen the case for a sell. Use appropriate risk management by setting stop-loss orders above the retest level and targeting key support zones below for potential profit.
#DXY 1DAYDXY Daily Analysis
The DXY (US Dollar Index) is trading near a trendline resistance on the daily chart. This resistance is a critical level where selling pressure may dominate. A breakdown below the nearby support line would confirm bearish momentum, offering a strong sell opportunity for further downside.
Technical Outlook:
Pattern: Trendline Resistance
Forecast: SELL (Sell Opportunity upon Support Breakdown)
Entry Strategy: Enter a sell position once the price breaks below the support line and confirms the breakdown with bearish price action, such as a strong close below the support or a retest of the broken level as resistance.
Traders should watch indicators like RSI for overbought conditions or MACD for a bearish crossover. Use proper risk management by placing stop-loss orders above the trendline and setting profit targets at subsequent key support zones.
#SUIUSDT 1 DAYSUIUSDT Daily Analysis
The SUIUSDT pair is forming a rising wedge pattern on the daily chart, which often indicates a potential bearish reversal. The price is approaching the wedge's support line, and a breakdown below this level would signal increased selling pressure, offering a strong sell opportunity.
Technical Outlook:
Pattern: Rising Wedge
Forecast: Bearish (More Sell Opportunity upon Support Breakdown)
Entry Strategy: Enter a sell position after the price breaks below the wedge's support line and confirms the breakdown with bearish price action, such as a strong close below the support or a retest of the broken level.
Traders should use indicators like RSI or MACD for confirmation of weakening bullish momentum. Proper risk management is critical, with stop-loss orders placed above the wedge and profit targets set at key support zones below.
#EURUSD 1DAYEURUSD Daily Analysis
The EURUSD pair is forming a falling wedge pattern on the daily chart, which typically signals a potential bullish reversal. The price is currently consolidating within the wedge, and a breakout above the resistance line would indicate a shift in momentum to the upside, offering a strong buy opportunity.
Technical Outlook:
Pattern: Falling Wedge
Forecast: Buy ( More Buy Opportunity upon Resistance Breakout)
Entry Strategy: Enter a buy position after the price breaks above the wedge's resistance line and confirms the breakout with bullish price action, such as a strong close above the resistance or a retest of the breakout level.
Traders should monitor supporting indicators like RSI for oversold conditions or MACD for a bullish crossover. Risk management is essential, with stop-loss orders placed below recent lows and profit targets set at key resistance levels above the wedge.
TradeCityPro | EURAUD Analysis Buyers in Control👋 Welcome to TradeCityPro Channel!
Let’s step outside the crypto space to analyze the EURAUD entry triggers for the coming week, examining both technical and fundamental aspects.
🌍 Fundamental Overview
The EURAUD pair highlights the ongoing divergence between the Eurozone and Australian economic conditions. The ECB’s hawkish stance, supported by persistent inflation, strengthens the Euro, while the RBA’s dovish policies amid cooling inflation and a softening housing market weigh on the Australian Dollar.
Additionally, Australia’s dependence on Chinese demand for commodities has created vulnerabilities due to China’s weaker-than-expected industrial growth.
Geopolitical tensions, such as the Middle East conflicts, have supported the Euro, reinforcing its stability as a safe-haven currency. In contrast, Australia’s economic slowdown and labor market weakness are adding pressure on the AUD.
The balance may shift as Europe's energy prices stabilize and China introduces economic stimulus measures.
🕒 4-Hour Time Frame
On the 4-hour chart, buyer momentum is evident, particularly as the pair rebounded strongly from the 1.63584 support level after rejecting the 1.65469 resistance twice. This renewed bullish strength signals active buyers in the market.
📈 Long Position Trigger
The 1.65469 level remains a strong trigger for a long position. Breaking above this resistance with volume could target the 1.684 zone, supported by RSI confirmation at 69.96.
📉 Short Position Trigger
Despite the bullish momentum, a failed breakout or lower high near resistance could set up a short opportunity. A more reliable entry would be a breakdown of the 1.6358 support and trendline, targeting the 1.6016 level for a pullback.
The pair’s trajectory will likely depend on macroeconomic developments and shifting risk sentiment in the week ahead.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
#CADJPY 4HCADJPY 4-Hour Analysis
The CADJPY pair has broken out above a key trendline resistance on the 4-hour chart, indicating a potential shift in momentum to the upside. Additionally, the presence of a buy engulfing candlestick in the breakout area reinforces the bullish sentiment, providing a strong buy opportunity.
Technical Outlook:
Pattern: Breakout Trendline Resistance and Buy Engulfing Area
Forecast: Bullish (Buy Opportunity)
Entry Strategy: Enter a buy position following the breakout, confirming with bullish price action signals such as sustained trading above the breakout level or further bullish candlesticks.
Traders should monitor indicators like RSI and MACD for confirmation of continued upward momentum. Risk management is crucial, with stop-loss orders placed below the breakout level and profit targets set at the next resistance zones or key price levels.
#CHFJPY 4HCHFJPY 4-Hour Analysis
The CHFJPY pair has broken down below a significant trendline support on the 4-hour chart, signaling a potential shift in momentum to the downside. This breakdown suggests increased selling pressure and presents a sell opportunity.
Technical Outlook:
Pattern: Breakdown Trendline Support
Forecast: Bearish (Sell Opportunity)
Entry Strategy: Enter a sell position after confirming the breakdown with bearish price action signals, such as a retest of the broken trendline as resistance or continuation of lower highs and lows.
Traders should use indicators like RSI or MACD for additional confirmation of bearish momentum. Risk management is essential, with stop-loss orders placed above the retest level and profit targets set at the next key support zones.