Forex market
CAD/JPY Daily AnalysisZooming out, we can see that price is being dominated by the sellers as price moves within a bearish channel.
The most recent price action is printing in the shape of a triangle which can often be a correction pattern in a trending market.
Look for price to test the top of the triangle and see if it reverses (or we could potentially see a false break).
Then look for a break below the triangle if the bearish momentum continues further.
If you agree with the analysis, look for opportunities to trade that meet your own strategy rules and always use good risk management.
EURUSD Buyers In Panic! SELL!
My dear subscribers,
EURUSD looks like it will make a good move, and here are the details:
The market is trading on 1.1441 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.1424
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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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WISH YOU ALL LUCK
EURUSD Under Pressure! SELL!
My dear friends,
Please, find my technical outlook for EURUSD below:
The instrument tests an important psychological level 1.1551
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.1458
Recommended Stop Loss - 1.1608
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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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WISH YOU ALL LUCK
HelenP. I Euro may break suppot level and drop to trend lineHi folks today I'm prepared for you Euro analytics. Observing this chart, we can see how the price strongly declined and reached the trend line, where it found solid support and reversed. From that point, EUR began to grow, forming a clear upward pennant structure. This movement included a break above the local support level at 1.1485, indicating temporary bullish strength. However, despite this breakout, the price failed to secure a strong push through the resistance zone between 1.1485 and 1.1530, instead consolidating just below it. Now the chart shows clear signs of slowing upward momentum. The price remains inside the pennant, but current movement suggests potential weakness near the top boundary. Given the structure and previous reaction points, I expect EURUSD to break below the support level and move toward the trend line again. This would be a natural retest of the lower boundary of the pennant. That’s why I’ve set my target at 1.1365, a level that coincides perfectly with the trend line, offering a realistic area for price to react once more. If you like my analytics you may support me with your like/comment ❤️
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Euro can reach resistance line of channel and make correctionHello traders, I want share with you my opinion about Euro. Previously, price was trading inside a downward channel, gradually declining from the resistance line while forming a series of lower highs and lower lows. During that phase, sellers were clearly in control, and every attempt to grow was met with pressure near the channel’s upper boundary. However, that trend shifted once the price broke through the resistance line, confirming the end of the bearish momentum and the start of a new upward structure. After the breakout, EUR entered an upward channel, supported by multiple bullish impulses and consistent reactions near the support line. Price continued to rise, pushing through the support area and current support level around 1.1420. This upward movement showed strong bullish conviction, especially after the clean breakout and consolidation inside the channel body. Now the pair has approached the resistance line of the rising channel, where previous impulses typically slowed down or reversed. Given the channel geometry and past market behavior, I expect Euro to react to this upper boundary and move downward. For this reason, I set my TP at 1.1325, which aligns with the support line of the upward channel. Please share this idea with your friends and click Boost 🚀
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
GBPNZD: Bears Will Push Lower
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the GBPNZD pair price action which suggests a high likelihood of a coming move down.
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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EURUSD DOWNSIDE BIAS WITH 3 CONFLUENCESMY ANALYSIS AND PROJECTIONS FOR EURUSD NEXT TARGETS FOR THE WEEK JUNE 16TH TO 21ST
I have a strong downside bias going into this week for the EURUSD.
On the daily chart it has currently made a double top while clearing the 1.16 level and making a nearyy 4 year high for the pair. The next movement I believe would be to complete that downward stroke of the M pattern and this is supported by 2 other confluences.
1. There are overbought conditions for the EURUSD and there is a 0.5% Fibonacci target of retracement for the pair for its Strong bullish move from 1.02 to 1.16,Spanning from February till June 2025.
That target is at around 1.09 price level
2. Another important confluence is fundamentally driven and this is due to the Iran/Isreal war and middle East tensions which would drive the US dollar buying making it stronger and bullish due to its safe haven status.
GBPCAD What Next? BUY!
My dear subscribers,
GBPCAD looks like it will make a good move, and here are the details:
The market is trading on 1.8440 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.8496
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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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WISH YOU ALL LUCK
USDCAD COT and Liquidity AnalysisHey what up traders welcome to the COT data and Liquidity report. It's always good to go with those who move the market here is what I see in their cards. I share my COT - order flow views every weekend.
🎯 Non Commercials added significant longs and closed shorts at the same time. So for that reason I see the highs as a liquidity for their longs profits taking.
📍Please be aware that institutions report data to the SEC on Tuesdays and data are reported on Fridays - so again we as retail traders have disadvantage, but there is possibility to read between the lines. Remember in the report is what they want you to see, that's why mostly price reverse on Wednesday after the report so their cards are hidden as long as possible. However if the trend is running you can read it and use for your advantage.
💊 Tip
if the level has confluence with the high volume on COT it can be strong support / Resistance.
👍 Hit like if you find this analysis helpful, and don't hesitate to comment with your opinions, charts or any questions.
Analysis done on the Tradenation Charts
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
"Adapt what is useful, reject what is useless, and add what is specifically your own."
— David Perk aka Dave FX Hunter ⚔️
USDCHF COT and Liquidity AnalysisHey what up traders welcome to the COT data and Liquidity report. It's always good to go with those who move the market here is what I see in their cards. I share my COT - order flow views every weekend.
🎯 Non Commercials added significant longs and closed shorts at the same time. So for that reason I see the highs as a liquidity for their longs profits taking.
📍Please be aware that institutions report data to the SEC on Tuesdays and data are reported on Fridays - so again we as retail traders have disadvantage, but there is possibility to read between the lines. Remember in the report is what they want you to see, that's why mostly price reverse on Wednesday after the report so their cards are hidden as long as possible. However if the trend is running you can read it and use for your advantage.
💊 Tip
if the level has confluence with the high volume on COT it can be strong support / Resistance.
👍 Hit like if you find this analysis helpful, and don't hesitate to comment with your opinions, charts or any questions.
Analysis done on the Tradenation Charts
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
"Adapt what is useful, reject what is useless, and add what is specifically your own."
— David Perk aka Dave FX Hunter ⚔️
GBPNZD Important Resistance and SupportThe pair is heading towards the resistance at 2.363, which has not been tested by the sellers, so there are still many sellers waiting in this area. The uptrend could extend to 2.276, the highest peak of last month.
If the resistance at 2.263 cannot be broken, then 2.238 is the sideway border of the pair, which helps support the price increase. When it breaks out, it confirms a reversal to the downtrend.
The price reaction zone can be noted around 2.229 before touching the strong support zone at 2.220.
Support: 2.238, 2.229, 2.220
Resistance: 2.263, 2.276
USDJPY COT and Liquidity AnalysisHey what up traders welcome to the COT data and Liquidity report. It's always good to go with those who move the market here is what I see in their cards. I share my COT - order flow views every weekend.
🎯 Non Commercials added significant longs and closed shorts at the same time. So for that reason I see the highs as a liquidity for their longs profits taking.
📍Please be aware that institutions report data to the SEC on Tuesdays and data are reported on Fridays - so again we as retail traders have disadvantage, but there is possibility to read between the lines. Remember in the report is what they want you to see, that's why mostly price reverse on Wednesday after the report so their cards are hidden as long as possible. However if the trend is running you can read it and use for your advantage.
💊 Tip
if the level has confluence with the high volume on COT it can be strong support / Resistance.
👍 Hit like if you find this analysis helpful, and don't hesitate to comment with your opinions, charts or any questions.
Analysis done on the Tradenation Charts
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
"Adapt what is useful, reject what is useless, and add what is specifically your own."
— David Perk aka Dave FX Hunter ⚔️
GBPUSD COT and Liquidity AnalysisHey what up traders welcome to the COT data and Liquidity report. It's always good to go with those who move the market here is what I see in their cards. I share my COT - order flow views every weekend.
🎯 Non Commercials added significant longs and closed shorts at the same time. So for that reason I see the highs as a liquidity for their longs profits taking.
📍Please be aware that institutions report data to the SEC on Tuesdays and data are reported on Fridays - so again we as retail traders have disadvantage, but there is possibility to read between the lines. Remember in the report is what they want you to see, that's why mostly price reverse on Wednesday after the report so their cards are hidden as long as possible. However if the trend is running you can read it and use for your advantage.
💊 Tip
if the level has confluence with the high volume on COT it can be strong support / Resistance.
👍 Hit like if you find this analysis helpful, and don't hesitate to comment with your opinions, charts or any questions.
Analysis done on the Tradenation Charts
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
"Adapt what is useful, reject what is useless, and add what is specifically your own."
— David Perk aka Dave FX Hunter ⚔️
EURUSD COT and Liquidity AnalysisHey what up traders welcome to the COT data and Liquidity report. It's always good to go with those who move the market here is what I see in their cards. I share my COT - order flow views every weekend.
🎯 Non Commercials added significant longs and closed shorts at the same time. So for that reason I see the highs as a liquidity for their longs profits taking.
COT Data Commentary – EURUSD (Last 5 Weeks)
EURUSD climbed steadily from 1.11 to 1.15 over the past five weeks, and the COT reports consistently showed market makers increasing their long positions during this period. This steady accumulation aligns with the bullish price action and reinforces the strength behind the uptrend. Institutional interest seems to be backing the move, suggesting continued upside potential as long as positioning remains supportive.
📍Please be aware that institutions report data to the SEC on Tuesdays and data are reported on Fridays - so again we as retail traders have disadvantage, but there is possibility to read between the lines. Remember in the report is what they want you to see, that's why mostly price reverse on Wednesday after the report so their cards are hidden as long as possible. However if the trend is running you can read it and use for your advantage.
💊 Tip
if the level has confluence with the high volume on COT it can be strong support / Resistance.
👍 Hit like if you find this analysis helpful, and don't hesitate to comment with your opinions, charts or any questions.
Analysis done on the Tradenation Charts
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
"Adapt what is useful, reject what is useless, and add what is specifically your own."
— David Perk aka Dave FX Hunter ⚔️
More upside for EUHi traders,
Last week EU made a small correction to the downside but after that it went up again.
This could be wave 3 (red).
So if this is true, next week we could see more upside to finish wave 3 into the Weekly FVG.
Let's see what the market does and react.
Trade idea: Wait for the finish of a small correction down on a lower time frame to trade longs.
If you want to learn more about trading with FVG's, liquidity sweeps and Wave analysis, then make sure to follow me.
This shared post is only my point of view on what could be the next move in this pair based on my technical analysis.
Don't be emotional, just trade your plan!
Eduwave