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EUR-CAD An Interesting Setup! Buy! Hello,Traders! EUR-CAD is trading in an Uptrend along the rising Support which now Confluences with the falling Support line as well so as the Pair was making a bearish Correction we will be expecting A bullish rebound from the Confluence area and a further Bullish move up Sell! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by TopTradingSignals
1
GBPUSD – Rejection From New Price High Questions UptrendThe escalation in geo-political risks overnight in the Middle East, marked by Israel's attack on Iranian nuclear sites which was followed by Iran's retaliatory drone strikes against Israel, have seen a rush to safe haven assets, which this time included buying dollars (a rarity of late!). This has seen GBPUSD fall quickly from a fresh 2025 high hit early this morning at 1.3633, back down to lower levels around 1.3540 (at time of writing) and questions whether the highs for GBPUSD may now be in place in the short term, with traders possibly reluctant to add to fresh longs into the weekend, and ahead of next week's Bank of England (BoE) rate meeting on Thursday (June 19th). Looking forward into the Friday close, traders may now be on headline watch, especially considering Iran's vow to respond to Israel's initial attack with harsh blows against both Israel and the US. Any attack by Iran against US targets, while potentially unlikely, could be viewed as a level up and President Trump has stated that the US are on high alert just in case. On the data front, the US Preliminary Michigan Consumer Sentiment for June is released at 1500 BST today. This will provide the next update on US consumer inflation expectations as well as sentiment, which although important are possibly unlikely to shift the focus of traders from progress reports regarding geo-political developments in the Middle East. Technical Update: Rejection From New Price High Questions Uptrend Of late, it has been a positive phase of sentiment that has been evident for GBPUSD, as a price pattern of higher highs and higher lows has formed, as the chart below shows. This has resulted in a new recovery price high being posted this morning at 1.3633, which represents the highest trade in GBPUSD since late February 2022. However, so far this new upside extreme in price has held and seen price weakness emerge. This may now see some traders questioning the ability of GBPUSD to maintain its current upside momentum, even suggest the potential of a more extended phase of weakness. What support and resistance levels might be worth watching to maybe help determine the next direction of price movement? Potential Support Levels: Having held price weakness seen earlier this week, the rising Bollinger mid-average may continue to be a support focus. This currently stands at 1.3504, and closing breaks below this level, if seen, might result in a more extended phase of weakness. Such downside breaks in price, while not a guarantee of further price declines, could see focus then shift to potential support at 1.3444, which is equal to the 38.2% Fibonacci retracement level, and if this in turn gives way on a closing basis, towards 1.3385, the deeper 50% retracement level. Potential Resistance Levels: As the chart below shows, sellers have been found this morning at the 1.3633 level and may be again. This could prove to be the first resistance point to monitor if fresh attempts at price strength are seen over coming sessions. Successful closing breaks above 1.3633 as a result, could point to an extension of the current uptrend pattern, with the next resistance level then potentially being 1.3749, which is the January 2022 high. The material provided here has not been prepared accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
by Pepperstone
1
NZDUSD My Opinion! BUY! My dear subscribers, My technical analysis for NZDUSD is below: The price is coiling around a solid key level - 0.6015 Bias - Bullish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 0.6043 My Stop Loss - 0.5999 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
EURUSD topped? This Elliott wave count says YES!In our previous analysis, we were EURUSD bearish, and although we are trading about 2 cents higher now than when that analysis was published, we are still convinced that these high hills are shortable. The pair, in our opinion, has finished a complete 5-wave Elliott formation earlier this week, and we prefer the short, with 2 targets that seem particularly interesting: 1. The flat correction target around 1.1065 2. The bottom of wave 4 of a lesser degree, at 1.0733, which is equal to, exactly & down to the pip, to the 61.8% retracement for the whole 5-wave sequence! We will continue to be bearish for as long as 1.1704 is not clearly penetrated. Whether the price penetrates 1.1704 & we give up, or, the market moves into our profit zone, we will post updates every week or so. Stay tuned!
Short
by Paid4X
Rising Geopolitical Risk Could Pressure EURUSDEURUSD attempted to break the upper line of the trend channel yesterday, but with the start of the Israeli attack, a quick selloff followed. Rising geopolitical risks typically increase demand for U.S. debt and the dollar. As a result, EURUSD’s rally is facing short-term bearish pressure. The first key support level at 1.1495 is being tested. If it holds, there is a chance for another attempt at the upper line. However, if it breaks, 1.1440 and 1.1370 are the next support levels to watch in the short term.
by ftdsystem
POTENTIAL SHORT OPPORTUNITY NZDUSD...SWING TRADE OPPORTUNITYHey hey TradingView fam! Hope you are all doing amazingly well! I just wanted to make another post on here for another currency pair that I see potential opportunity on for the upcoming weeks/months here. So let's dive in! OK so NZDUSD as you can see has been trending higher on the hourly and daily timeframes for some time now. After a long move to the downside price got exhausted and has shown us some relief over the last 6 months or so! BUT...when doing my analysis I had seen a couple things that grabbed my attention for a potential trade NOW to be 100% honest with you guys and just so you are prepared I'm seeing this as a reaction trade not continuation trade. Basically what I mean without going into to many details is the fact that I see this REACTING from the weekly supply I have marked, making a higher low, then actually continuing to the upside RATHER than coming all the way down to take out the 0.55000 lows that it created. You may ask..."Well what makes you think that?" and the simple answer is that 0.5500 was multi-year lows...usually when price comes off of those lows and shows that buying interest (unless it is on of the rare times) it usually doesn't revisit or make new lows beyond that for some time. Economies have to rebalance, rework & renew. So for any currency to be in multi-year extremes is just not sustainable for their economy. OK so with that explanation done let's look for shorts starting around 0.61700-0.62500 reason for that range is that it is a higher timeframe zone so price may need some time to develop and breathe before moving to downside. But as you can see it is a decent sized supply zone so let it do it's thing. But as you can see there is a fib alignment based on the downward leg from years before aligning so that is a good zone to see a "bounce". For targets I myself personally am aiming for 0.56500 since that is the last "strong demand" zone that I can see from that buyer push. So that is the next threat so to speak if we are shorting Alright guys that is all I have for this hope this provides some value to you guys and you can pull some nuggets or even a trade from it! Trade at your own risk understanding that this is just speculative. Cheers! Please boost this post & follow my page for more accurate trade breakdowns!
Short
by JosePips
NZDJPY Set To Grow! BUY! My dear friends, Please, find my technical outlook for NZDJPY below: The instrument tests an important psychological level 86.740 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 87.156 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. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
CADJPY A Fall Expected! SELL! My dear subscribers, My technical analysis for CADJPY is below: The price is coiling around a solid key level - 105.97 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 105.56 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1