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US retail sales data stands out | FX ResearchThe yen didn't move all that much but did manage to post a 4-day low against the buck after the Bank of Japan maintained its interest rate as expected while planning to reduce bond purchases quarterly starting next fiscal year. BoJ Governor Ueda signaled potential rate hikes if economic and inflation forecasts held, but highlighted risks from U.S. tariffs, domestic food inflation, and weaker economic data expected in the second half of the year. In global markets, the U.S. dollar remained stable. EUR/USD softened despite a strong German ZEW survey, and oil prices were relatively contained considering Middle East tensions and a tanker collision off the UAE coast. U.S. stock futures are under a little pressure as Senate Republicans proposed tax cuts that could widen deficits, while upcoming U.S. retail sales data and ECB commentary on strengthening the euro’s global role have kept markets focused—also ahead of tomorrow’s highly anticipated Fed decision. Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
by BlackBull_Markets
AUDJPY 4H Short Setup📕 Smart Money Trade Breakdown 🔻 AUDJPY 4H Short Setup This is a short entry on AUDJPY, taken from a premium price zone within an Order Block (O-B) and Supply & Demand (S&D) area, showing strong bearish rejection after internal market structure shift. 📉 Entry: 94.096 🎯 Take Profit: 90.136 🛡️ Stop Loss: 95.399 ⚖️ Risk-Reward Ratio: ~1:3 🔍 Key Confluences: Entry within a well-defined Order Block and S&D zone Price reacted to upper supply with a visible wick rejection Break of internal structure (M15-H1) shows bearish intent Bearish engulfing on confirmation candle Trendline break suggests end of bullish wave This setup aims to catch the institutional distribution phase before price retraces to discount demand around the 90.100 zone or lower. ⚠️ Disclaimer: This is for educational purposes. Apply proper risk management and strategy validation before live execution.
Short
by sksglobaltraders24on
AUD/CHF – Bearish Harmonic Setup with RSI DivergenceKey Structure Highlights: • ✳️ Bearish Harmonic Pattern (likely AB=CD) completed at point D • 📉 Bearish divergence visible on RSI while price makes a Higher High (HH) — a classic sign of weakening momentum • 📊 Clear entry plan with: • Sell Stop: 0.52928 • Stop Loss: 0.53201 • TP1: 0.52629 • TP2: 0.52337 On the 1H chart, a Bearish Harmonic Pattern has completed near the 0.5315 level. Price formed a higher high (HH), while the RSI shows bearish divergence, signaling a loss of bullish momentum. 🟠 I’m looking to go short below 0.52928 with: • 🛑 Stop loss above point D: 0.53201 • 🎯 TP1: 0.52629 • 🎯 TP2: 0.52337 🧠 Market Bias: Bearish Although the recent trend shows higher highs and higher lows, the confluence of: • Harmonic pattern completion • Bearish divergence on RSI …indicates a possible short-term reversal. Scenario ⚠️ Always wait for confirmation before entering. The structure remains technically bullish until we break below the HL zone.
Short
by m4yaseen
EUR/AUD – Bearish Reversal via Head & Shoulders | 1H Chart📌 Key Chart Elements: • Left Shoulder, Head, and Right Shoulder are all clearly defined. • The neckline has been broken, and the price has retested the zone (confluence area). • RSI: Bearish momentum, under 50 and showing no strong recovery — confirms weakness. • 🔺 Stop Loss placed above the right shoulder (1.78234), protecting against fakeouts. • 📉 Entry was triggered via Sell Stop at 1.77030. • 🎯 Take Profit levels: • TP1: 1.75823 • TP2: 1.75201 • Final TP (Projection Level): 1.74628 ⚡️ RSI Confirmation • While price made the head high, RSI failed to reach new highs, showing clear bearish divergence. • RSI has since rolled below 50, confirming momentum has shifted. Scenario & Bias • Scenario: We’re Active a break of the neckline at 1.7710 to confirm the reversal. • Bias: Bearish — targeting measured move down to 1.7582 (take-profit level) with a projection to 1.7520.
Short
by m4yaseen
Goldman and BofA agree: The dollar is losing its edgeGoldman Sachs now expects the EUR/USD to hit 1.20 by the end of the year. While this prediction draws comparisons to the 2017 rally in the pair, Goldman notes a key difference. This time, the pricing reflects pessimism in the US dollar, rather than optimism in the euro. Bank of America seemingly agrees and warns that even a “hawkish” dot plot at this week’s FOMC meeting, where Fed officials signal fewer rate cuts, may only cause a brief bout of euro weakness against the dollar. EUR/USD has recently broken out of a long-term descending triangle pattern, which capped price action from mid-April through early June, aligning with Goldman Sachs’ and BofA’s view of a broad EUR strength/ USD weakness. This recent pullback to the 1.1480 area is a retest of former resistance turned support, suggesting a potential continuation pattern if buyers defend this level.
by BlackBull_Markets
GBPJPY Wave Analysis – 17 June 2025- GBPJPY reversed from the resistance area - Likely to fall to support level 193.65 GBPJPY currency pair recently reversed down from the resistance area between the pivotal resistance level 196.00 (which has been reversing the price from March) and the upper daily Bollinger Band. The downward reversal from this resistance zone will most likely form the daily Japanese candlesticks reversal pattern Bearish Engulfing - if the price closes today near the current levels. Given the overbought daily Stochastic, the GBPJPY currency pair can be expected to fall to the next support level at 193.65 (the low of the previous minor correction ii).
Short
by FxProGlobal
NZDUSD BUY SETUP – GLOBAL HORNS 🇳🇿 NZDUSD BUY SETUP – GLOBAL HORNS 🕐 Timeframe: 1H 📈 Direction: BUY 📍 Entry: 0.6012 (active) 🎯 Target: 0.6033 📊 Context: Price swept the lows and tapped into a prior structural zone. I’m positioned for a short-term rebound into the 0.6033 area, where liquidity likely sits from previous consolidations. 📌 As always, I manage these trades based on price action and time — not using traditional stops. #GlobalHorns #NZDUSD #ForexTrade
Long
by GlobalHorns