GBP/USD Analysis Based on Volume, Fibonacci & Stochastic
This GBP/USD setup is built on:
Volume Analysis to detect strong price areas
Fibonacci retracement to identify key support/resistance
Stochastic oscillator to find a better-timed entry
🔹 Entry: 1.3270
🔹 Stop-Loss: 1.3298
🔹 Take-Profit: 1.3239
🔹 Risk-to-Reward Ratio: 1.14
⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please do your own research and manage your risk properly before trading.
Forex market
AUD/USD) Bearish Trend Read The captionSMC Trading point update
Technical analysis of AUD/USD (Australian Dollar / U.S. Dollar) on the 4-hour timeframe, with a likely setup for further downside. Here's a breakdown of the idea:
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Technical Summary
Pair: AUD/USD
Timeframe: 4H
Current Price: 0.64688
EMA 200: 0.65140 (price is below = bearish bias)
RSI (14): 48.23 (neutral to slightly bearish)
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Key Observations
1. Break of Trendline:
The previous ascending trendline (black) was broken to the downside.
This indicates a shift in market structure from bullish to bearish.
2. Resistance Rejection Zone:
Price recently retested a strong supply/resistance zone (yellow box near 0.65140) and was rejected.
This aligns with the 200 EMA → strong confluence for a sell setup.
3. Market Structure:
Price is forming lower highs, indicating sellers are gaining control.
The chart shows a projection of a bearish continuation pattern (zig-zag decline).
4. Target Zone:
Final target marked near 0.63700–0.63699, a previous support level.
This gives the setup a decent risk-reward ratio if the rejection holds.
5. RSI:
RSI is below 50, suggesting bearish momentum, but not oversold—still room to move down.
Mr SMC Trading point
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Conclusion & Trade Idea
Bias: Bearish
Sell Zone: Near the resistance area (0.65000–0.65150)
Target: 0.63700 zone
Stop Loss: Likely above 0.65200 (above resistance and EMA 200)
Confirmation: Price action forming lower highs and staying below EMA 200
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GBPUSD SELLGBP/USD holds steady above 1.3250 as investors brace for US ISM Services PMI release
The GBP/USD pair trades on a flat note near 1.3280 during the Asian trading hours on Tuesday. Nonetheless, rising odds of Federal Reserve rate cuts could weigh on the US Dollar against the Cable. Investors will keep an eye on the US ISM Services Purchasing Managers Index data, which is due later on Tuesday.
The broad-based selling pressure surrounding the US Dollar (USD) helped GBP/USD gain traction and allowed the pair to snap a six-day losing streak.
The monthly data published by the US Bureau of Labor Statistics (BLS) showed that Nonfarm Payrolls (NFP) rose by 73,000 in July, missing analysts' estimate of 110,000, while the Unemployment Rate edged higher to 4.2% from 4.1%, as expected. More importantly, the BLS announced that it revised down May and June NFP increases, noting that NFP growth in this two-month period combined was 258,000 lower than previously reported.
The probability of a 25 basis points Federal Reserve (Fed) rate cut in September jumped above 70% from about 30% before the data, as per CME FedWatch Tool. In turn, the USD weakened sharply against its peers.
The economic calendar will not feature any high-tier macroeconomic data releases on Monday. Later in the week, the Bank of England (BoE) will announce monetary policy decisions.
In the meantime, market participants will keep a close eye on US politics. Following the dismal employment report, US President Donald Trump fired BLS Chief Erika McEntarfer, accusing her of manipulating the numbers for political purposes. Additionally, Fed Governor Adriana Kugler, whose term was scheduled to end on January 31, 2026, announced her resignation.
Investors could opt to stay away from the USD in case political developments feed into concerns over the Fed or the BLS losing independence.
SUPPORT 1.32382
SUPPORT 1.31758
SUPPORT 1.32382
RESISTANCE 1.33086
RESISTANCE 1.33375
Lingrid | EURNZD Major Resistance. Possible ShortFX:EURNZD is approaching the resistance zone after an impulse leg formed from a price rebound off the support level. The triangle pattern near the top suggests market indecision, with the current price testing key resistance near 1.96300. If the pair fails to break and hold above this resistance, a sharp reversal is likely toward the 1.9500 level. Structure favors a bearish reaction unless a confirmed breakout occurs.
📉 Key Levels
Sell trigger: Below 1.9570
Sell zone: 1.96300-1.96450
Target: 1.94985
Invalidation: Above 1.96500
💡 Risks
Bullish breakout above 1.96500 invalidates the short setup
Triangle breakout to the upside may reverse bias
External fundamentals (NZD data/news) could disrupt pattern completion
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
USDCAD is forming a bullish structure.We can a clear bullish structure forming after a series of higher highs and higher lows, indicating bullish momentum building. Recently, price rejected from a key swing high and appears to be pulling back. This pullback is targeting a Fair Value Gap (FVG) marked in the blue zone then bounce from the FVG zone back toward the overhead Liquidity Zone.
EURUSD rises again amid growing Fed rate cut expectationsEURUSD rises again amid growing Fed rate cut expectations
On Friday, U.S. job data (NFP) showed an increase of just 73,000 for July—far below forecasts. This weak result suggests deeper problems in the labor market.
Many financial institutions now expect the Federal Reserve to cut interest rates in September. Markets are pricing in over 63 basis points of rate cuts by the end of the year.
Adding to uncertainty, President Donald Trump dismissed Bureau of Labor Statistics Commissioner Erika McEntarfer on Friday, accusing her of manipulating job data.
Investors are also concerned about the impact of Trump’s new tariffs, which could slow economic growth and push inflation higher.
Technical Analysis:
From a technical perspective, EURUSD broke below the neckline of a double top pattern, confirming the bearish setup.
The price hit the first downside target before bouncing back, likely driven by speculation around the NFP report.
Looking ahead, there's a strong chance EURUSD could begin another downward move from this zone, as suggested by our earlier chart analysis.
You may find more details in the chart!
Thank you and Good Luck!
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EURUSD Will Move Lower! Sell!
Please, check our technical outlook for EURUSD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 1.156.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.140 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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AUDUSD Is Bullish! Long!
Here is our detailed technical review for AUDUSD.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 0.646.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.647 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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USDCHF Is Very Bearish! Short!
Take a look at our analysis for USDCHF.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 0.808.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.804 level.
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.
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USDCAD MM triggered a false breakout to fallMM provoked a false breakout of the resistance range; there is no continuation of the upward momentum. The price has returned to the range and is forming a consolidation, the goal of which may be to accumulate potential for the continuation of the downward movement.
The market has a strong downward trend structure. After a false breakout of resistance, MM has the potential to move the price down. The target is the liquidity area consisting of a cascade bottom: 1.357, 1.355, 1.354.
GBPUSD Volatility in Focus Ahead of Thursday's BoE Rate DecisionIt’s a new week and GBPUSD is attempting to rebound from a 2-month low that it hit at 1.3140 on Friday. So far, the recovery has been relatively minor, with a high of 1.3308 registered yesterday. Whether the up move can extend from this point or new downside price action is seen may now depend on several factors specifically impacting the UK (GBP) and US (USD) sides of the currency pair.
The bounce in GBPUSD from the lows on Friday began because of the shock weaker than expected US Non-farm Payrolls print, which has called into question the strength of the US economy, leading to a dramatic market repricing of Federal Reserve interest rate expectations and a small reversal of the dollar strength seen through July.
Today sees the release of the US ISM Services PMI at 1500 BST, and FX traders may be looking at this reading to either confirm or disprove the theory that the US economy may now be in a weaker state than thought only several days ago. A reading below 50 = economic contraction and above 50 = economic expansion. Service activity has been the main driver of growth in the US economy and June’s reading was 50.8, so any print below this number could lead to renewed dollar selling and push GBPUSD higher again.
Then on Thursday, the Bank of England (BoE) interest rate decision is released at 1200 BST, quickly followed by the press conference led by Governor Bailey at 1230 BST. The UK central bank is expected to cut rates by 25bps (0.25%), so anything else could be a surprise. The breakdown of the vote between the 9-member decision making committee could also be important given there seems to be a split between those policymakers worried about the strength of UK inflation and those worried about a stuttering UK economy. This is where the comments of Governor Bailey on inflation, growth and future rate cuts could be pivotal for the direction of GBPUSD into the weekend.
Technical Update: Assessing the Trend
Within the technical analysis technique of Fibonacci retracements, after a phase of price strength, the significant price low and significant price high of the move are used to calculate 3 set percentages of the price advance, they are 38.2%, 50% and 61.8%. If price weakness develops after the period of strength, these retracement levels are viewed as potential support to price declines.
In the GBPUSD chart above, we have used 1.2100, posted on January 13th 2025, as the significant price low and 1.3789 registered on July 1st as the significant price high, and have calculated the 3 retracements on this price advance. As you can see, the 38.2% Fibonacci retracement stands at 1.3142 and last Friday’s session low was 1.3140, from which a recovery in price is currently materialising.
Of course, there is no guarantee that 1.3142, the 38.2% Fibonacci retracement support level in GBPUSD will be able to hold or even reverse the current price weakness back to the upside, but it can be helpful to assess what may be the potential support and resistance levels to monitor, particularly if events this week influence price action and lead to an increase in volatility.
Possible Support Levels:
Having seen last week’s price decline held by the 38.2% retracement level at 1.3142, traders could suggest this is now the first support focus, so closing breaks below 1.3142, may lead to a more extended phase of price weakness.
Within Fibonacci techniques, a closing break under a 38.2% retracement support suggests possibilities for a deeper decline in price to the 50% level, and if this in turn is broken towards the deeper 61.8% retracement.
As the chart above shows, in the case of GBPUSD, if closes below 1.3142 support are seen, this might be an indication of the potential for further price weakness to 1.2944 (50% level), even 1.2745 (62% retracement).
Possible Resistance Levels:
Having seen the 1.3142 Fibonacci retracement support limit price declines last week, it is possible traders will now be trying to pinpoint possible resistance levels that if broken on a closing basis, might result in a more extended price recovery.
Within a period of price declines, it is often the declining Bollinger mid-average that is a potential resistance level, and as the chart above shows, in GBPUSD, this currently stands at 1.3413.
Closing breaks above 1.3413 may now be needed to suggest that a more extended phase of strength might be possible, with the next resistance then marked by 1.3589, the July 24th session high, and if this point is broken to the upside, the 1.3789 level which is the July 1st failure high in price.
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AUDUSD – DAILY FORECAST Q3 | W32 | D5 | Y25📊 AUDUSD – DAILY FORECAST
Q3 | W32 | D5 | Y25
Daily Forecast 🔍📅
Here’s a short diagnosis of the current chart setup 🧠📈
Higher time frame order blocks have been identified — these are our patient points of interest 🎯🧭.
It’s crucial to wait for a confirmed break of structure 🧱✅ before forming a directional bias.
This keeps us disciplined and aligned with what price action is truly telling us.
📈 Risk Management Protocols
🔑 Core principles:
Max 1% risk per trade
Only execute at pre-identified levels
Use alerts, not emotion
Stick to your RR plan — minimum 1:2
🧠 You’re not paid for how many trades you take, you’re paid for how well you manage risk.
🧠 Weekly FRGNT Insight
"Trade what the market gives, not what your ego wants."
Stay mechanical. Stay focused. Let the probabilities work.
FX:AUDUSD
MarketBreakdown | EURCHF, WTI CRUDE OIL, GBPNZD, DXY
Here are the updates & outlook for multiple instruments in my watch list.
1️⃣ #EURCHF daily time frame 🇪🇺🇨🇭
The market is testing a strong supply area
based on a solid falling trend line and a horizontal resistance.
Probabilities will be high that the price will retrace from that.
2️⃣ CRUDE OIL #WTI daily time frame 🛢️
The price is very close to a significant demand zone
based on a horizontal support cluster and a rising trend line.
I will expect a bullish reaction to that.
3️⃣ #GBPJPY daily time frame 🇬🇧🇳🇿
The market is trading within a contracting triangle.
The price nicely respected its support line and goes up steadily.
I think that bullish momentum will remain strong and the market
will go up to the resistance line of a triangle.
4️⃣ DOLLAR INDEX #DXY daily time frame 💵
The market is consolidating on a key daily support cluster.
Probabilities will be high that the price will bounce from that.
Today's fundamental news can be a trigger.
Do you agree with my market breakdown?
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Fundamental Market Analysis for August 5, 2025 EURUSDEvent to pay attention to today:
17:00 EET. USD - ISM Services PMI
EUR/USD continues to fall for the second day in a row, trading around 1.1560 during Tuesday's Asian session. The pair is devaluing amid the strengthening of the US dollar (USD) due to caution among traders caused by recent events in global trade and changes in expectations regarding monetary policy.
Market sentiment is becoming cautious due to growing concerns about the independence of the Federal Reserve (Fed). On Monday, Fed board member Adriana Kugler unexpectedly resigned. This event gave US President Donald Trump the opportunity to influence the central bank earlier than expected.
However, the US dollar may face difficulties amid growing chances of an interest rate cut by the US Federal Reserve (Fed) in September after weak labor market data reinforced concerns about the US economic outlook. Markets estimate the probability of a Federal Reserve rate cut next month at 91.6%.
By comparison, the European Central Bank (ECB) is expected to keep rates unchanged, as annual inflation in the eurozone remained at 2.0% in July, slightly above the forecast of 1.9%. Meanwhile, traders are cautious amid the introduction of 15% US tariffs on goods imported from the European Union (EU).
Trade recommendation: BUY 1.1580, SL 1.1500, TP 1.1685
EURUSD fails to develop short-term bullish. Here is whyEURUSD fails to develop short-term bullish. Here is why
On August 1 the market received NFP report data. Numbers were so low that EURUSD has rocketed on 1.22% right immediately after publishing. The probability of a September reduction in interest rates is now estimated at approximately 94%, according to CME Fedwatch, up from 63% last week. Market analysts anticipate at least two quarter-point cuts by the end of the year. The odds increased following the release of disappointing non-farm payrolls data on August 1, which caused a decline in stock markets and led to Trump's reaction, firing the head of the Bureau of Labor Statistics and promising to replace her within a short timeframe.
Still, the pair has failed to develop on August 1 bullish momentum and is currently pulling back from the local resistance of 1.15800. If the price fails to hold the EMA20 on 4-h timeframe, then the decline towards 1.14000 is expected.