EURUSD is moving within the 1.14865 - 1.16330 range👀 Possible scenario:
The euro fell 0.28% on June 13, snapping a four-day winning streak against the U.S. dollar as investors turned to safe-haven assets amid rising Middle East tensions. Despite the pullback, the euro remains on track for a second straight weekly gain, supported by eurozone resilience and shifting U.S. rate expectations. Uncertainty over U.S. trade policy also pressured the dollar. President Trump’s tariff threats rattled markets, though Treasury Secretary Bessent hinted at a possible extension of the current moratorium.
Softer-than-expected U.S. inflation data added to dollar weakness, reinforcing bets on Fed rate cuts. With no key data on June 16, the EUR/USD is likely to stay range-bound. Watch support at 1.14865 and resistance at 1.16330.
✅Support and Resistance Levels
Now, the support level is located at 1.14865
Resistance level is located at 1.16330
Forex market
Short trade 🔻 USDCAD – Sell-side Trade
Date: Monday, 16th June 2025
Session: London Session AM
Time: 5:00 AM
Entry Timeframe: 1Hr TF
Trade Parameters
Entry: 1.35680
Take Profit: 1.34735 (+0.70%)
Stop Loss: 1.35965 (−0.21%)
Risk-Reward Ratio (RR): 3.32
🧠 Trade Reasoning
USDCAD has shown sustained bearish momentum on both 1Hr and 4Hr timeframes, with a clear lower high forming beneath the 1.35800 area. This trade was initiated on confirmation of a bearish rejection from a supply zone during the early London session volatility.
NZDCAD Is Going Down! Sell!
Take a look at our analysis for NZDCAD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 0.825.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.822 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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AUDCAD shortSwing Trade Idea – AUD/CAD
The price is currently trading below the 50-day moving average, indicating bearish momentum. Recently, a strong bearish candle broke the previous market structure, confirming downside pressure. Based on this, I expect the price to move lower towards the target area, which aligns with the 261.8% Fibonacci extension level.
DeGRAM | EURUSD fixed above the lower boundary of the channel📊 Technical Analysis
● Euro keeps stair-stepping along the inner trend-line of the 2-month rising channel; each dip to the line (green arrows) is met with higher lows, confirming firm demand around 1.1485-1.1500.
● Friday’s break back above the former wedge cap turned 1.1550 into support; clearing the last swing high at 1.1605 would expose the channel median / fib cluster at 1.1650, with the upper rail near 1.1745 as an extension.
💡 Fundamental Analysis
● Softer US retail-sales and a slump in NY Fed manufacturing pulled Treasury 2-yr yields under 4.70 %, while ECB speakers warned that further cuts “are not a given,” narrowing the rate gap and reviving euro bids.
✨ Summary
Long 1.1520-1.1560; hold above 1.1550 targets 1.1650 ➜ 1.1745. Bias void on an H4 close below 1.1480.
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NZD/CHF BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
It makes sense for us to go short on NZD/CHF right now from the resistance line above with the target of 0.487 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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EURJPY Long Position EURJPY is currently in a bullish trend from a higher timeframe perspective with the potential for a further long opportunity at the end of the current retracement. On the 1 hour timeframe, EURJPY is trading above the 50 SMA and is approaching the 55 zone of the RSI indicating the end of the retracement and continuation of the bullish trend. addition confluences include the breakout level at 166,566 being tested and the the bullish trendline at play... Will be looking for an entry at 166,566 with stop loss below structure, riding the bullish trend towards the 167,190 resistance zone.
EurUsd Daily Profile and expectation for New YorkMy Monday Protocol normally is to sit on my hands and see how Monday prints and trade from Tuesday onwards. With FOMC coming Wednesday, I'm allowed to deviate from this because Monday can be trending to "get somewhere in a hurry", trap Traders and go the other way during FOMC.
When I now look at the Market I see that London kept Asia Lows in tact and expanded higher leaving Failure Swings. Now consolidating which is normally a continuation signature... But then it should first sweep the consolidation Low and make a Reversal Signature. When we sweep or run the Consolidation High first, then the Long idea is not valid anymore.
Im watching the FVG below and see how we trade there and then decide if a Long is in play... I don't want to lose the Equilibruim Level of London Session otherwise the Failure Swings below the Market are the target.
Bottom Line, no hard Bias because its Monday. Favoring the Bullish side with FOMC on the Agenda this week, but not in a hurry to trade.
Hope you appreciate my content 👍
Happy Hunting, Stay Safe!
Warm Regards,
Mariinus
Idea on a chartNZDJPY great chart 78.6 fib is where i will look at rejections on H1 and M30.
Have you been paying attention to commodities?
People are talking about the next ‘commodity supercycle’.
That’s a fun word for all commodity prices going up a lot. The theory goes that it started in 2020 in the aftermath of the pandemic but it’s really only been gold that has been rising since then. Now the other commodities are starting to wake up..
In last week’s report (week 23), we talked about the EPIC breakout in silver.
Gold and silver have now potentially been joined by the ‘big boss’ of commodities - oil.
Regular readers will remember we talked about oil in our final report of 2024 asking whether it will be ‘Top trade of 2025’. Well it still might be - just not in the way we expected. More on that in a minute.
EURGBP INTRADAY trend reversal breakout?Trend Overview:
EURGBP remains in a bullish trend, characterised by higher highs and higher lows. The recent intraday price action is forming a continuation consolidation pattern, suggesting a potential pause before a renewed move higher.
Key Technical Levels:
Support: 0.8490 (primary pivot), followed by 0.8470 and 0.8450
Resistance: 0.8550 (initial), then 0.8570 and 0.8590
Technical Outlook:
A pullback to the 0.8490 level, which aligns with the previous consolidation zone, could act as a platform for renewed buying interest. A confirmed bounce from this support may trigger a continuation toward the next resistance levels at 0.8550, 0.8570, and ultimately 0.8590.
Conversely, a daily close below 0.8490 would suggest weakening bullish momentum. This scenario would shift the bias to bearish in the short term, potentially targeting 0.8470 and 0.8450 as downside levels.
Conclusion:
WTI Crude Oil maintains a bullish structure while trading above the 0.8490 support. A bounce from this level would validate the consolidation as a continuation pattern, with upside potential toward the 08550 area. A breakdown below 0.8490, however, would invalidate this view and suggest deeper corrective risk.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
GBPAUD INTRADAY uptrend supported at 2.0690Trend Overview:
The GBPAUD currency price remains in a bullish trend, characterised by higher highs and higher lows. The recent intraday price action is forming a continuation consolidation pattern, suggesting a potential pause before a renewed move higher.
Key Technical Levels:
Support: 2.0690 (primary pivot), followed by 2.0600 and 2.0535
Resistance: 2.1056 (initial), then 2.1190 and 2.1384
Technical Outlook:
A pullback to the 2.0690 level, which aligns with the previous consolidation zone, could act as a platform for renewed buying interest. A confirmed bounce from this support may trigger a continuation toward the next resistance levels at 2.1056, 2.1190, and ultimately 2.1384.
Conversely, a daily close below 2.0690 would suggest weakening bullish momentum. This scenario would shift the bias to bearish in the short term, potentially targeting 2.0600 and 2.0535 as downside levels.
Conclusion:
GBPAUD maintains a bullish structure while trading above the 2.0690 support. A bounce from this level would validate the consolidation as a continuation pattern, with upside potential toward the 2.1056 area. A breakdown below 2.0690, however, would invalidate this view and suggest deeper corrective risk.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
EURUSD 4H: Bullish Trend & Key Support TestChart Overview:
The EURUSD 4-hour chart displays a clear bullish bias, trading within a well-defined ascending channel. After making new highs, price is now retracing to test crucial support, presenting a potential trend continuation opportunity.
Trend & Structure:
Since April, EURUSD has maintained a strong uptrend, consistently respecting an ascending channel. An early May correction saw an "internal break," but a subsequent "MSS" (Market Structure Shift) confirmed the bullish trend's resumption, pushing price to a new local high at 1.16321 and above.
Current Price Action & Immediate Support:
Price is currently undergoing a healthy retracement from its recent peak. The primary focus is the "Immediate Support Area" between 1.14416 and 1.14663. This zone is significant due to a confluence of factors:
The 0.5 & 0.618(Golden Ratio) and 0.71 Fibonacci retracement levels of the latest bullish swing.
Prior resistance that has potentially flipped into support. The lower boundary of the overarching ascending channel. Below this, a "Key Level" around 1.1100-1.1150 is identified as a deeper, secondary support.
Potential Scenarios & Outlook:
Bullish Continuation: A strong bounce and confirmation from the "Immediate Support Area" would signal renewed buying pressure. This would likely see price target the recent high (1.16321) and the upper channel boundary, resuming the uptrend.
Bearish Rejection: A decisive break down below the "Immediate Support Area" and the ascending channel's lower boundary would invalidate the immediate bullish setup, potentially leading to a test of the "Key Level."
Conclusion:
EURUSD is at a pivotal point within its ongoing bullish trend. Traders should closely monitor price action at the "Immediate Support Area." A successful hold and rebound here would reinforce the bullish outlook, while a clear break below would warrant caution and re-evaluation.
Disclaimer:
The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.