Get started

Forex market

USDCAD at historical demand zoneThe USDCAD pair is currently testing a critical support zone that has historically acted as a trusted base. After a sharp descent, we are seeing signs of life as the price attempts to hold this floor and move higher. The immediate price action suggests this level is highly decisive for the next major trend. Here are the two primary scenarios to watch: 1. If the current momentum sustains and the base remains intact, the first major target is the overhead resistance at 1.3826. Continuation: A clean break and daily close above 1.3826 would signal a shift in market structure, likely igniting a fresh bullish wave toward higher swing levels. 2. On the flip side, if the recovery loses steam and the price slips back below the 1.3662 mark, the outlook turns sharply bearish. Target: Trading below this support would invalidate the current bounce and open the doors for a deeper correction toward the 1.3400 psychological level. As usual, Volume plays key role.
Long
by STtraderr
GBP/AUD: Corrective Rally, Downtrend IntactGBP/AUD is trading in a clear bearish Elliott Wave structure on the 4H timeframe. The market has already completed a strong impulsive decline and is currently moving in a Wave 4 corrective pullback, which is happening inside a downward channel and near key Fibonacci retracement levels. This correction looks weak and corrective, suggesting sellers are still in control. As long as price remains below the invalidation level around 2.0050 , the bearish bias stays valid. The expectation is for the correction to finish soon, followed by Wave 5 to the downside, targeting the lower channel area and the 1.96–1.95 zone. Overall, the trend remains bearish, and any short-term bounce is likely a selling opportunity before the next leg lower. Stay tuned! @Money_Dictators Thank you :)
by Money_Dictators
1
USDJPY – A Global Repricing Phase, Not a Random MoveWhen I look at USDJPY, this move doesn’t feel random to me. It looks like part of a broader global adjustment phase rather than something driven by this pair alone. Price Context: Price spent a long time reacting from a major supply zone before showing a clear structure shift. Since then, the market has been respecting an ascending channel, with higher highs and higher lows. Why this move makes sense: As global risk sentiment shifts and interest rate expectations change, currencies often move together. That’s why similar moves are visible across multiple FX pairs, this is a broad-based repricing, not a pair-specific reaction. Current Structure: The recent pullback into demand and trend support looks like a healthy retracement, not a breakdown. As long as this structure holds, the broader trend remains intact. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Trading involves risk.
by TraderRahulPal
GBPUSD – Support Holding, Watching Reaction From RangeGBP/USD has reacted from a well-defined support zone, an area where buyers have stepped in multiple times before. Price is currently trading between clear support and resistance, indicating a short-term range environment. As long as this support holds, upside reactions toward the resistance zone remain possible. A clean break below support, however, would weaken this structure and change the short-term bias. This is a reaction-based zone, not a prediction. Let price confirm the next move. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Trading involves risk. Please manage risk responsibly.
Long
by TraderRahulPal
USDCHF trading above Decisive zoneThe USDCHF is currently at a critical "decision zone" after a period of significant volatility. Following a sharp decline earlier this week, price action is now signaling a potential shift in momentum. 1. Key Support Validation The pair successfully tested a major support zone near 0.7870 – 0.7880. This area is historically significant (acting as a base for major rallies in late 2025) and has once again triggered a strong "buy the dip" response. The rejection at these lows suggests that the bears are losing steam at these psychological levels. 2. Rising Channel Formation On the lower timeframes (15m), we are observing a Junior Ascending Channel. The Structure: Price is carving out higher highs and higher lows, respecting the lower trendline of this corrective channel. The Sentiment: This indicates a steady accumulation by bulls, though it remains a "corrective" move within a larger bearish trend. 3. The "Decision Zone" Strategy The pair is currently approaching a confluence of resistance. For a sustained reversal, traders should watch the following: Bullish Breakout: A clean break and hold above the 0.7920 resistance zone would confirm the recovery and target 0.7960. Bearish Continuation: If the price fails at the upper boundary of the rising channel, we could see a "Bear Flag" play out, leading to a retest of the recent 0.7878 lows.
Long
by STtraderr
1
USDINR at Key Resistance – Break or Rejection?USDINR is currently trading near the upper boundary of a well-defined rising channel — a zone where price has historically faced strong rejection and profit booking. This rally has been structural, not random. Price has respected the channel multiple times, creating higher highs and higher lows, showing steady demand for dollars over the rupee. However, every strong trend eventually meets a decision zone — and this upper band is one of them. What makes this level more important is the timing. The Union Budget is approaching — an event that directly impacts fiscal deficit, foreign flows, inflation expectations, and overall confidence in the Indian economy. Historically, such macro events act as catalysts, increasing volatility in USDINR and often triggering major reactions from key technical levels. At this stage, USDINR is not about prediction — it’s about reaction. • A sustained move and acceptance above this resistance zone could signal continuation of the bullish structure with momentum. • A sharp rejection from here would indicate profit booking and a possible pullback toward the channel support. In trending markets, price usually respects structure first — news simply accelerates the move. Right now, structure is stretched, and sentiment is waiting for a trigger. This zone will decide whether USDINR expands higher or breathes before the next leg. Patience and price behavior near resistance will reveal the real story.
by siripireddyvenu
3
GBPJPY Weekly Outlook: Short Retest Before Bullish Push to 216.0GBPJPY shows strong bullish momentum after recent highs around 213.92, but expect a minor short recovery first. Market likely retests support at 210.44 or deeper to 208.00 before resuming uptrend targeting 216.00 next week. Chart highlights key levels with recent price action from ~210.84 lows. Key Levels Support: 210.44 (immediate), 208.00 (stronger retest zone) Resistance: Recent high ~214, then 216.00 target Bullish Bias: Above 210.63 for rally continuation Trade Setup (Next Week) Wait for dip to 210.44-208.00 on pullback. Buy on bullish reversal (e.g., hammer candle, RSI oversold). Targets: 214 → 216. Stop below 208. Risk: Break under 208 shifts bearish to 205.
Long
by PipStrom
2
USD/CHF Approaching Breakdown from RangeUSD/CHF is moving in a sideways corrective pattern, not a strong trend. The price is forming an A-B-C-D-E structure, which usually happens before the market makes a bigger move. Right now, price is in the last part of this pattern (wave E) and is sitting near a resistance area, where it has failed to move higher and has started to turn down. This behavior often means sellers are becoming stronger. As long as the price stays below 0.795–0.798 , the outlook remains bearish, and the market is expected to move lower toward the 0.782–0.775 support area. If this move happens, it would complete the corrective pattern after a short pause, and then the market can decide its next big direction. Stay tuned! @Money_Dictators Thank you :)
Short
by Money_Dictators