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EURUSD Bullish BreakdownThis chart displays the 4-hour timeframe for the EUR/USD currency pair. The analysis focuses on potential bullish momentum and key zones to watch. Key elements include: 1. **Support Zone (Blue):** The lower highlighted blue area represents a strong demand zone around the 1.0450–1.0500 range, where buyers have shown interest. 2. **Resistance Zone (Red):** The upper highlighted red area near 1.0780–1.0850 represents a supply zone that could act as a target for a bullish move or a reversal point. 3. **Mid-Level Resistance (Purple):** The purple zone around 1.0600–1.0650 indicates intermediate resistance where consolidation or pullbacks could occur. 4. **Bullish Scenario:** The chart outlines a potential path for the price to move upward, breaking the purple resistance zone before heading toward the red supply zone. The projection suggests watching for a breakout of intermediate resistance or potential support retests for confirmation of continued bullish momentum.
Long
by harshkjogadia
USDJPY: Approaching Key Support at 150.000USDJPY is trading around 150.038, testing the critical support level at 150.000 after a sharp decline. The EMA 34 (152.215) and EMA 89 (150.899) act as strong resistance, limiting recovery momentum. If this support level is breached, the price may continue to drop toward the 148.000 zone, a significant previous low. Conversely, if the 150.000 level holds and the pair breaks above the EMA 34, USDJPY could target the 152.000 resistance level. News of the ceasefire in the Middle East has reduced safe-haven demand, putting pressure on the Japanese Yen, while the US Dollar remains strong due to high US Treasury yields. Traders should closely monitor these levels to adjust their strategies accordingly.
Long
by Vanna-Cris
EURUSD: Bullish Signals but Facing Major ResistanceEURUSD is currently trading around 1.05692, showing a slight recovery from recent lows, with the EMA 34 providing dynamic support and the EMA 89 acting as a key resistance level. Price action indicates short-term bullish signals, but the strong resistance at 1.06500 could pose a significant challenge. If this level is breached, EURUSD may extend its upward momentum towards higher targets around 1.07000. Conversely, failure to hold above the EMA 34 could see selling pressure push the price back to test support at 1.05200 or lower. News of the ceasefire in the Middle East is reducing safe-haven demand, supporting a stronger USD, which in turn is pressuring EURUSD.
by Vanna-Cris
Selling Pressure at Resistance, Downtrend Forecasting AheadThe 4-hour chart of USD/JPY shows a clear bearish pattern after the price failed to break above a key resistance level around 152.000. The slight bounce we saw recently may have been a weak attempt to retest this level, but with the lack of strong buying momentum, the price seems to be preparing for a deeper decline. The rebound and reaction at this resistance area is typical of a distribution market, where previous buyers may be looking to cut their losses, and new sellers are entering the market. The 34 EMA has crossed below the 89 EMA, a sign that the downtrend may continue. I appreciate the retest of the resistance level and see this as an opportunity to consider short positions. If the price breaks below the current support around 150,280, this could initiate a new bearish phase, towards the next support level around 149,000.
by Maria_aaa
EUR/USD: Breakout from Triangle AccumulationThe EUR/USD 1-hour chart shows a triangle pattern forming, which is a sign of accumulation before a breakout. A breakout of this pattern to the upside, as it has recently done, could signal that the next bullish trend is likely to continue. The price has broken above the EMA 34 and is approaching the EMA 89, which suggests that the bullish trend may be increasing. If the price sustains above the EMA 89 and continues to break above the previously drawn horizontal resistance around 1.0577, we can expect a significant upside move. Personally, I would advise traders to closely monitor the price interaction with the EMA 89 and the resistance at 1.0577 in the coming hours to determine a suitable trading strategy. At the same time, it is indispensable to follow economic news that may affect EUR/USD to get a comprehensive view of the current market trend.
by Maria_aaa
EUR/USD: Hot Spot at 1.0594, Opportunity or Challenge?Looking at the 4-hour chart of the EUR/USD pair, I see a few key points that indicate the potential for the trend to develop in the near future. The pair has recently shown a fairly clear recovery from the lows, with the price currently trading near the important resistance level of 1.0594. This level has acted as resistance in the past and could now test the ability of traders again. From a technical perspective, the price approaching this level could lead to two main scenarios: If EUR/USD can break above 1.0594, we could see the rally continue to higher levels, possibly reaching 1.0650 or higher.
by Maria_aaa
USDJPY SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARDUSDJPY SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
Long
by tradergyan01
Buy NZD/CHF: Analysis and Trading Strategy for NZD/CHF (4H ChartTechnical Analysis 1. Overall Trend The price is currently consolidating in a sideways range between 0.5170 and 0.5220, without a clear breakout to confirm either an uptrend or a downtrend. The Bollinger Bands are contracting, indicating low volatility, which often precedes a significant price movement. At present, the price is trading near the middle of the Bollinger Bands and the 20-period SMA, showing a balanced battle between buyers and sellers. 2. Ichimoku Indicator The price has broken above the Ichimoku cloud (Kumo), signaling a short-term bullish sentiment. The Tenkan-Sen (red) and Kijun-Sen (blue) lines are moving closely together, indicating weak but positive momentum. The future cloud (Leading Kumo) is thickening, signaling strong resistance around 0.5250 - 0.5260. 3. Support and Resistance Levels Key Support Levels: 0.5171 - 0.5185: The nearest support zone, where the price has previously created several bottoms. 0.5150: A major support level; breaking this could lead to significant downside movement. Key Resistance Levels: 0.5245 - 0.5250: The nearest resistance zone, aligning with the upper Bollinger Band. 0.5260 - 0.5280: Strong, long-term resistance. 4. Volume Analysis Recent price increases are accompanied by rising trading volume, indicating strong buying interest. However, the volume is not yet sufficient to confirm a strong breakout. Trading Strategy Buy Strategy (Long): Entry Point: 0.5200 - 0.5205, when the price pulls back slightly but holds above the 0.5185 support level. Stop Loss: 0.5170, just below the key support zone. Take Profit: Short-term target (TP1): 0.5245 (nearest resistance). Long-term target (TP2): 0.5260 - 0.5280 (major resistance). Risk Notes Volatility is expected: The contraction of the Bollinger Bands suggests a potential breakout; close monitoring is required near key support and resistance zones. Monitor News: Economic events or announcements from New Zealand or Switzerland could significantly affect the NZD/CHF pair. If you want regular updates and more in-depth analyses on larger timeframes, follow me on: TradingView: I share detailed trading strategies for currency pairs, commodities, and indices. in X: Stay updated with the fastest market news and new investment opportunities. Wishing you successful trading! 🎯
Long
by ngohungsky941
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