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#XAUUSD 4HXAUUSD 4-Hour Analysis The XAUUSD pair has formed a bearish engulfing candlestick pattern on the 4-hour chart, indicating strong selling pressure. This pattern suggests a potential downside move, especially if the price breaks below nearby support levels, confirming the bearish sentiment. Technical OutloOK Pattern: Sell Engulfing Forecast: Bearish (Sell Opportunity) Entry Strategy: Enter a sell position after confirmation of further bearish momentum, such as a break below immediate support. Traders should watch for continued selling pressure supported by indicators like RSI or MACD showing bearish divergence. Proper risk management is crucial, with stop-loss orders placed above the high of the engulfing candlestick. Profit targets can be set at the next key support zones for optimal returns.
OANDA:XAUUSDShort
by PIPSFIGHTER
AUDUSD 1DAYAUDUSD Daily Analysis The AUDUSD pair is trading near a significant support level on the daily chart, where buyers have historically stepped in to drive prices higher. This key zone suggests a potential bullish reversal, making it an attractive area for a buy opportunity. Technical Outlook: Pattern: Support Forecast: Bullish (Buy Opportunity) Entry Strategy: Enter a buy position near the support level after confirming bullish price action signals. Traders should monitor for reversal patterns such as a bullish engulfing candlestick or indicators like RSI signaling oversold conditions. Proper risk management is essential, with stop-loss orders placed below the support level to guard against potential breakdowns. Targets can be set at the next resistance levels for potential profit.
Long
by PIPSFIGHTER
1
#AUDCAD 4HAUDCAD 4-Hour Analysis The AUDCAD pair has broken above a key trendline on the 4-hour chart, signaling a potential shift in momentum to the upside. Additionally, the presence of a buy engulfing candlestick in the breakout area reinforces the bullish outlook. This combination of technical signals presents a strong opportunity for a buy position. Technical Outlook: Pattern: Trendline Breakout & Buy Engulfing Area Forecast: Bullish (Buy Opportunity) Entry Strategy: Enter a buy position above the trendline breakout level, confirming with bullish price action signals. Traders should look for additional confirmation such as continued bullish candlesticks or supportive indicators like RSI and MACD trending upwards. Place stop-loss orders below the breakout level to manage risk, and target higher resistance zones for potential profit.
Long
by PIPSFIGHTER
#USDDKK 4HUSDDKK 4-Hour Analysis The USDDKK pair is forming a descending triangle pattern on the 4-hour chart, a bearish continuation pattern that indicates the potential for further downside. The price is consolidating near the support line, and a breakout below this level would confirm the bearish setup. Technical Outlook: Pattern: Descending Triangle Forecast: Bearish (Sell Opportunity) Entry Strategy: Enter a sell position after a confirmed breakout below the triangle’s support line. Traders should look for confirmation such as a strong bearish candlestick closing below the support level or increased selling volume. Proper risk management is crucial, with stop-loss orders placed above the upper boundary of the triangle. Profit targets can be set at the next key support levels, aligning with the measured move from the triangle’s height.
Short
by PIPSFIGHTER
#USDCHF 4HUSDCHF 4-Hour Analysis The USDCHF pair is forming a head and shoulders pattern on the 4-hour chart, aligning with a trendline resistance level. This confluence of bearish signals suggests potential downside momentum if the price breaks below the neckline of the pattern. The trendline resistance strengthens the case for a sell position. Technical Outlook: Pattern: Head & Shoulders and Trendline Resistance Forecast: Bearish (Sell Opportunity) Entry Strategy: Sell upon a confirmed break below the neckline of the head and shoulders pattern. Traders should look for confirmation such as bearish candlestick patterns (e.g., bearish engulfing) or indicators like RSI showing bearish divergence. Place stop-loss orders above the trendline resistance to manage risk effectively. Profit targets can be set at lower support levels or based on the measured move from the head and shoulders pattern.
Short
by PIPSFIGHTER
#EURUSD 4HEURUSD 4-Hour Analysis The EURUSD pair is forming a head and shoulders pattern on the 4-hour chart, which is typically a bearish reversal signal. However, in this case, the price action suggests a potential invalidation of the pattern, favoring a bullish breakout scenario. If the neckline resistance is broken, it could provide a buy opportunity. Technical Outlook: Pattern: Head and Shoulders (Potential Breakout) Forecast: Bullish (Buy Opportunity) Entry Strategy: Enter a buy position upon a confirmed breakout above the neckline resistance with strong bullish momentum. Traders should monitor for bullish confirmation such as a breakout candlestick with increased volume or indicators like MACD signaling upward momentum. Proper risk management is crucial, with stop-loss orders placed below the neckline and profit targets set at the next resistance levels.
Long
by PIPSFIGHTER
#EURJPY 4HEURJPY 4-Hour Analysis The EURJPY pair is trading near a key support level on the 4-hour chart, a zone where buyers have previously stepped in to push prices higher. This support area presents a potential buying opportunity if the price shows signs of holding above this level. Technical Outlook: Pattern: Support Forecast: Bullish (Buy Opportunity) Entry Strategy: Enter a buy position near the support level, confirming with bullish price action. Traders should look for confirmation such as bullish candlestick patterns (e.g., bullish engulfing or pin bar) or indicators like RSI signaling oversold conditions. Proper risk management is essential, with stop-loss orders placed below the support level and profit targets set at the next resistance zone.
Long
by PIPSFIGHTER
#GBPJPY DAILYGBPJPY Daily Analysis The GBPJPY pair is approaching a significant resistance level on the daily chart, where selling pressure has historically emerged. This zone indicates a potential reversal area, providing an opportunity for a sell position if the price fails to break above the resistance. Technical Outlook: Pattern: Resistance Forecast: Bearish (Sell Opportunity) Entry Strategy: Enter a sell position if the price shows rejection at the resistance level. Traders should monitor for bearish signals such as reversal candlestick patterns (e.g., shooting star or bearish engulfing) or indicators like RSI reflecting overbought conditions. Proper risk management is essential, with stop-loss orders placed above the resistance level and targets set at nearby support zones.
Short
by PIPSFIGHTER
2
#XAUUSD 1HXAUUSD Analysis (1H Timeframe) A potential selling opportunity is anticipated near the resistance zone at 2650.00–2646.00, which appears to be a favorable area for sellers. Target Levels: 2624. 2614. 2606. Important Note: If the price closes above 2656.00, refrain from entering sell positions, as this could signal further upside potential. It is advised to avoid placing pending orders at this time. Instead, wait for clear bearish confirmations before executing a trade. Trade wisely!
OANDA:XAUUSDShort
by PIPSFIGHTER
#XAUUSD 4HXAUUSD Analysis (4H Timeframe) The price is currently consolidating, presenting a potential selling opportunity near the resistance zone of 2652.00–2648.00. Suggested Targets: 2606.00 2581.00 2555.92 Important Note: If the price closes above 2655.00, avoid initiating sell positions, as this could indicate a bullish continuation toward 2720. At this stage, it is recommended to avoid placing pending orders. Wait for strong bearish confirmations before entering a trade. Wishing you successful trading!
OANDA:XAUUSDShort
by PIPSFIGHTER
#GBPCAD 1HGBPCAD 1-Hour Analysis The GBPCAD pair is trading within a rising wedge pattern on the 1-hour chart, which is typically a bearish continuation or reversal signal. The narrowing price movement suggests weakening bullish momentum, creating a potential setup for a sell position if the price breaks below the wedge’s support line. Technical Outlook: Pattern: Rising Wedge Forecast: Bearish (Sell Opportunity) Entry Strategy: Enter a sell position on a confirmed breakdown of the wedge’s support line. Traders should look for confirmation such as bearish candlestick patterns (e.g., a strong bearish engulfing candle) or indicators like RSI showing divergence or overbought conditions. Set stop-loss orders above the wedge resistance and target lower support levels for potential profit.
Short
by PIPSFIGHTER
#GBPJPY 4HGBPJPY 4-Hour Analysis The GBPJPY pair has recently broken above a key trendline on the 4-hour chart, indicating a shift in momentum to the upside. However, to confirm the breakout's validity, it is advisable to wait for the price to retest the trendline, which may now act as a support level, before entering a buy position. Technical Outlook: Pattern: Trendline Breakout Forecast: Bullish (Wait for Support Touch, Then Buy) Entry Strategy: Buy on a successful retest of the trendline, supported by bullish price action signals. Traders should watch for confirmation from bullish candlestick patterns, such as a bullish engulfing, or indicators like RSI and MACD showing upward momentum. Place stop-loss orders below the retested trendline to manage risk effectively. Target higher resistance levels for potential gains.
Long
by PIPSFIGHTER
#USDCHF 1HUSDCHF 1-Hour Analysis The USDCHF pair is currently trading within a channel pattern on the 1-hour chart, with the price approaching the channel’s lower support line. Additionally, a recent buy engulfing candlestick suggests the potential for bullish momentum from this level. Waiting for the price to touch the support ensures a more reliable entry. Technical Outlook: Pattern: Channel & Buy Engulfing Forecast: Bullish (Wait for Support Touch, Then Buy) Entry Strategy: Buy near the channel’s support line once confirmation of a reversal is observed. Traders should monitor for bullish signals like a strong engulfing candlestick or an oversold RSI to validate the setup. Proper risk management is critical, with stop-loss orders placed slightly below the support line. Target the channel’s midline or upper boundary for potential profit.
Long
by PIPSFIGHTER
TradeCityPro | CADCHF Weekly Triggers for Precision Trading👋 Welcome to the TradeCityPro channel! Let’s step away from the crypto world and dive into a Forex analysis to prepare solid triggers for opening positions this week :) 🌐 Fundamentals Recap CAD: Strengthened by oil prices and Bank of Canada policies. Hawkish stances and higher oil prices are supportive. CHF: safe haven gaining in risk-off markets, driven by Swiss National Bank actions and global uncertainty. Key Dynamics: Risk-on sentiment supports CAD; risk-off favors CHF. 📊 4-Hour Chart Analysis The pair is in a range-bound structure between 0.6274 (support) and 0.6316 (resistance). The last 4-hour candle engulfed the previous 6, signaling a bearish outlook. Before this range, a strong green weekly candle formed but was fully engulfed in the subsequent week, emphasizing the longer-term downtrend. CADCHF is near its historical lows, which might attract selling pressure for continuation moves. 📈 Long Position Trigger Avoid longs for now. A bullish breakout above 0.6351 with higher highs and lows would be necessary to justify a long position. 📉 Short Setup break below 0.62741 with confirmation (e.g., RSI below 31.21) offers a solid shorting opportunity. Stop Loss Tip: Let the range consolidate for one or two more candles to tighten your stop-loss and refine your entry. 📝 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! ❤️
Short
by tradecitypro
1
TradeCityPro | EURCAD Analysis Reaching the Daily Box Target👋 Welcome to the TradeCityPro channel! Let’s dive into the forex market and analyze this popular pair, outlining key triggers for trading this week. 🌍 Fundamental Overview EURCAD reflects the economic interplay between the Eurozone and Canada, influenced by: 🇪🇺 Eurozone Fundamentals (EUR): ECB Policies: The European Central Bank's monetary stance (hawkish or dovish) significantly impacts the Euro’s strength. 🇨🇦 Canadian Dollar Fundamentals (CAD): Oil Prices: CAD is sensitive to oil fluctuations due to Canada’s major oil exports. Rising oil prices typically strengthen the CAD. Geopolitical tensions, trade balances, and global risk sentiment often sway EURCAD. The Euro acts as a reserve currency, while the CAD is risk-sensitive. 🕒 4-Hour Time Frame 1.4888 is the critical resistance, marking the top of the daily box (1.4888–1.5171). After breaking this level, the pair hit its target at 1.4556, a significant support level. The rejection at this resistance highlights its importance. The 1.4731 level, broken yesterday but reclaimed today, offers a potential trigger for entries. 📉 Short Position Trigger clear short trigger exists below 1.4731. Breaking this support could lead to further downside, targeting 1.4556. 📈 Long Position Trigger While momentum-driven long entries are possible if the RSI enters overbought, a more reliable entry comes from consolidating within the current range or forming higher highs and lows. 📝 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! ❤️
by tradecitypro
1
TradeCityPro | EURNZD Ideal Short Setup for Next Week👋 Welcome to the TradeCityPro channel! Let’s analyze EURNZD as the forex market wraps up this week and prepare our triggers for next week’s positions! 🌍 Fundamental Overview Euro (EUR): Benefiting from the ECB's cautious tightening policies aimed at inflation control. Mixed economic data, such as weak industrial output, limits bullish momentum. New Zealand Dollar (NZD): Supported by stronger commodity prices and a resilient domestic economy. The RBNZ maintains a balanced policy outlook, strengthening the NZD further. The contrast between the ECB's inflation focus and the NZD's solid fundamentals tilts the bias toward NZD. Global risk sentiment and commodity trends are pivotal in determining price direction. 🕒 4-Hour Timeframe Analysis EURNZD is consolidating within a range between 1.7836 (support) and 1.8063 (resistance). Last week saw minimal movement, but this consolidation suggests the pair is gearing up for a breakout. The price didn’t reach the resistance this time and got rejected earlier. It is now testing the support level. 📉 Short Position Trigger If 1.7836 is broken with strong momentum, it would trigger a short position, targeting lower levels. 📈 Long Position Trigger If the 1.7836 support holds for an extended time, buyers could step in. A break above 1.8063 would confirm a long opportunity, especially if the price forms higher highs and higher lows in lower timeframes. 📝 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! ❤️
Short
by tradecitypro
1