GBPUSD H4 I Reversal Off 61.8% FiboBased on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.3361, which is a pullback resistance aligning with the 61.8% Fibo retracement.
Our take profit will be at 1.3207, a pullback support level.
The stop loss will be placed at 1.3443, a swing-high resistance level.
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Forex market
EURUSD H4 I Bearish Reversal Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.1313, which is a pullback resistance.
Our take profit will be at 1.1144, a pullback support that aligns with the 61.8% Fibo retracement.
The stop loss will be placed at 1.1473, a pullback resistance level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com/uk):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com/eu):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com/en):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
US Dollar is taking revenge, time to short EURUSDWeekly chart , price action breaks above 1.121, 4th attempt since the inception at 28 Feb 2022.
Day chart tells us profit taking/shortists are in town from the two red candles on 22 and 23 April. It has since gone south , forming lower high.
Zooming into the 4H chart, we see a nice bearish candle forming and if it breaks the yellow dotted line, it is likely to revisit 1.131 target. IF you are more conservative, you can set your SL higher (around 1.139).
When this trade is halfway active, you can Short once more and set your target further down 1.126. Please make sure to set your SL to breakeven on the first trade before you exercise your 2nd trade to protect your profits.
As usual, please DYODD
EURUSD potential drop support?EURUSD has broken out of the daily support proceeding to daily 20EMA to swing high to retest as support. As with a head and shoulder on 4h price breaks out of support ( Daily ) with multiple liquidity grab it is a high probability for the price to potentially drop to support.
A sell trade is high probable
Fri 2nd May 2025 NZD/USD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a NZD/USD Sell. Enjoy the day all. Cheers. Jim
Bearish reversal off pullback resistance?GBP/CAD is reacting off the pivot which is a pullback resistance and could drop to the 1st support which acts as a pullback support.
Pivot: 1.8425
1st Support: 1.8275
1st Resistance: 1.8502
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish drop?EUR/AUD has rejected off the pivot and could potentially drop to the 1st support which is a pullback support that aligns with the 61.8% Fibonacci projection.
Pivot: 1.77322
1st Support: 1.74140
1st Resistance: 1.78883
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Potential bullish rise?AUD/JPY has reacted off the pivot and could rise to the 1st resistance.
Pivot: 92.12
1st Support: 90.68
1st Resistance: 95.35
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish rise?AUD/NZD has bounced off the pivot and could rise to the 1st resistance.
Pivot: 1.0755
1st Support: 1.07256
1st Resistance: 1.09043
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
USD/CAD at a Turning PointTechnical Analysis: Signs of a Bottoming Out
USD/CAD’s technical picture is beginning to shift from bearish to cautiously bullish. Let’s start with what the daily chart is telling us. Over April, the pair’s decline started to stall around the 1.3780 – 1.3810 zone, which corresponds to a second support level (S2) on pivot point charts. In fact, 1.3780 has been identified by analysts as a “critical support”areaeconomies.com, and the market has thus far respected this floor. For roughly two weeks, prices have been consolidating in a tight range just above this support, roughly between 1.378 and 1.388. This kind of sideways basing after a drop indicates that selling pressure is no longer as aggressive – the CAD hasn’t been able to push the USD convincingly below the support line around 1.38.
Several momentum indicators are aligning to suggest that the worst of the downtrend may be over:
MACD Crossover: The Moving Average Convergence Divergence (MACD) indicator, a favorite tool for gauging trend changes, is on the verge of a bullish crossover (i.e. the MACD line is crossing above the signal line). As of late April, daily MACD had already flipped to a “Buy” readingfortrade.com. A bullish crossover after a prolonged down-move implies the downward momentum is fading and buyers are starting to gain the upper hand. We’re also seeing the MACD histogram (which visualizes the difference between the MACD and its signal) tick up from deeply negative values toward the zero line, reinforcing the idea of a momentum reversal.
RSI Rising from Oversold: The Relative Strength Index (RSI), which measures the speed and change of price movements, dipped into oversold territory during the April sell-off. (Typically, an RSI reading below 30 is considered oversold and a possible sign of an overextended move.) In late April, USD/CAD’s daily RSI was hovering in the low 30sfxstreet.com. Now, in early May, the RSI has climbed upward, moving through the 40s and toward the mid-50s. This upward turn suggests that the prior bearish momentum is abating – in other words, sellers are running out of steam and buyers are gradually stepping in. Notably, the RSI made higher lows even as price made a lower low around 1.378, a classic bullish divergence hinting that the downtrend was losing strength.
Support and Price Action: Price action itself underscores the potential for a bottom. The 1.3800 area (pivot S2)has been tested multiple times and remains intactfxstreet.com. Each dip into the high-1.37s was met with buying interest, as evidenced by candles with lower wicks and quick recoveries back above 1.38. This demand zonearound 1.378–1.381 has effectively absorbed selling pressure. One trader on TradingView noted that “USD/CAD is bouncing off a major daily support level around 1.38100 after a strong bearish move. Price action shows early signs of bullish interest, with the potential for a correction toward the 50-day Simple Moving Average.”tradingview.com. The fact that the pair is holding this support is crucial – it provides a clear line in the sand. As long as 1.3780 holds, the bullish thesis remains alive. A break below that would be a warning sign, but so far the floor has held firm.
Ichimoku Cloud and A Shift in Trend: The daily Ichimoku cloud on the chart (the colored cloud area representing support/resistance and trend) is still positioned above current prices – a legacy of the prior downtrend. However, the pair’s consolidation means it is no longer plunging deeper below the cloud; instead, it’s inching closer to the cloud’s base. Often, when a trend is about to reverse, we see price start testing the underside of the Ichimoku cloud or the baseline (Kijun-sen). While USD/CAD hasn’t broken out above the cloud yet, it’s noteworthy that the cloud ahead is thinning and flattening. A thinner cloud can be easier to break, and a flat Kijun line (baseline) around the 1.40–1.41 area could act like a magnet for price if bullish momentum kicks in. In short, the Ichimoku system is saying the trend is still technically bearish, but conditions are improving for a potential bullish breakif buyers can push the price into the cloud.
Another technical element worth mentioning is the moving averages. During the decline, USD/CAD stayed below short-term moving averages, which acted as resistance. Now we see price testing those moving averages from below. For instance, the 10-day exponential MA and 20-day MA lurk around 1.3870–1.3900 – right where the current consolidation top is. A break above 1.39 would not only clear this minor consolidation range but also put the price back above those moving averages, a bullish sign. Beyond there, the 50-day SMA (around the mid-1.41s) could be an initial target for a rebound. All in all, the technical setup is showing early glimmers of a reversal: a solid support base, momentum indicators flipping positive, and weakening bearish forces. This lays a technical foundation for the argument to go long USD/CAD.
Why This Could Be an Opportunity to Go Long USD/CAD
Bringing together the technical signals and the macro context, the case for a USD/CAD rebound is getting stronger. Here’s a quick recap of why early May 2025 may be an attractive entry point for USD/CAD longs (buying USD against CAD):
Rock-Solid Support: The pair has a concrete floor around 1.3780–1.3800 that has held firmly through multiple tests. This pivot support (S2) level has proven its strengthfxstreet.com, indicating significant buying interest at those lows. A strong support means downside risk can be well-defined (for example, one can place a stop-loss just below it in a trade scenario), and it often serves as a launchpad for rebounds when the broader trend shifts.
Momentum Shift to Bullish: Key momentum indicators are flipping in favor of USD momentum. The MACD on the daily chart has turned upward, signaling waning bearish momentum and a possible bullish crossover – a classic early reversal sign. Likewise, the RSI has risen out of oversold territoryfxstreet.com, showing that the prior selling momentum is exhausted. In fact, a short-term trading model as of Apr 29 showed multiple daily indicators (MACD, RSI, Stochastics) all giving “Buy” signals for USD/CADfortrade.com. When formerly pessimistic indicators start signaling “buy” in unison, it’s often a telltale sign of a trend ready to change direction.
Bullish Price Action Clues: Price is speaking volumes: higher lows are forming on intraday charts and the pair is making attempts to push higher within the recent range. We’ve observed bullish candlestick patterns like small daily dojis and hammers near the lows, reflecting indecision and failed attempts by sellers to break lower. This kind of consolidation after a drop often indicates that the next significant move could be up, especially given the momentum backdrop. Additionally, if USD/CAD breaks above the 1.3900 resistance (which is the upper bound of the consolidation and near the 10-day/20-day moving averagesfxstreet.com), it would mark the first higher-high in weeks – essentially confirming the short-term trend reversal.
USD Fundamentals Support a Rise: The U.S. dollar’s broader fundamentals are relatively robust. The Fed’s higher-for-longer stance (with only modest rate cuts expected later) keeps USD interest rates attractiveam.jpmorgan.com, and the U.S. economy has been outperforming many peers in growth, which has underpinned the USD’s strengtham.jpmorgan.com. This means any USD weakness narrative might have been overdone – if traders realize the Fed won’t ease as much as hoped, USD could get a second wind. A stable or rising USD on the global stage directly benefits a long USD/CAD position.
Canadian Headwinds (Oil & Risk): The Canadian dollar, in contrast, faces a few headwinds. Commodity support is lacking – with oil prices recently in the doldrums at 4-year lows around $58investingnews.com, a key pillar of CAD strength has crumbled. Unless oil stages a dramatic comeback (which is not expected immediately, given only a moderate rebound to ~$68–$74 forecasted by the EIAinvestingnews.com), the CAD could struggle to maintain its recent strength. On top of that, if global risk appetite wavers, traders could rotate out of risk-sensitive currencies like CAD into safer havens. In short, the CAD may have enjoyed a good run, but the tables appear set to turn in favor of the USD.
Attractive Risk/Reward Setup: From a trading perspective, going long USD/CAD near current levels offers a compelling risk-to-reward scenario. The support at ~1.3780 provides a logical and tight risk cutoff – if the pair falls decisively below that, one can admit the bullish thesis was premature and exit. On the upside, even a retracement to mid-range resistance levels like 1.4000–1.4100 (around the 50-day MA or pivot resistance) would yield a solid gain relative to the risk. The trader who shared the long idea on USD/CAD set a target around 1.4140, just shy of major resistance, highlighting the potential for a move of several hundred pips off the lows if the reversal takes holdtradingview.com. The combination of well-defined support, improving indicators, and room overhead for a bounce means the odds are tilted that a long position could be rewarded.
Of course, no trade or investment is guaranteed – and one must always stay vigilant. If USD/CAD were to close below ~1.3780 support, it would call into question the bullish setup and could open the door to further downside (perhaps another leg down to the mid-1.37 or even low 1.36 area in a bearish scenario). But as things stand, the evidence leans bullish, and the reward potential outweighs the remaining downside risk, in our view.
Potential bearish drop?NZD/USD is rising towards the resistance level which is an overlap resistance and could drop from this level to our take profit.
Entry: 0.5936
Why we like it:
There is an overlap resistance level.
Stop loss: 0.5997
Why we like it:
There is a pullback resistance level.
Take profit: 0.5829
Why we like it:
There is a pullback support level that aligns with the 38.2% Fibonacci retracement.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Could the price reverse from here?USD/JPY is reacting off the resistance level which is a pullback resistance that lines up with the 161.8% Fibonacci extension and the 78.6% Fibonacci projection and could reverse from this level to our take profit.
Entry: 145.59
Why we like it:
There is a pullback resistance level that lines up with the 161.8% Fibonacci extension and the 78.6% Fibonacci projection.
Stop loss: 146.75
Why we like it:
There is a pullback resistance level that line sup with the 78.6% Fibonacci retracement.
Take profit: 143.86
Why we like it:
There is a pullback support level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bullish bounce off overlap support?USD/CHF is falling towards the support level which is an overlap support that aligns with the 61.8% and the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.8258
Why we like it:
There is an overlap support level that lines up with the 50% and the 61.8% Fibonacci retracement.
Stop loss: 0.8226
Why we like it:
There is a pullback support level that is slightly above the 78.6% Fibonacci retracement.
Take profit: 0.8315
Why we like it:
There is a pullback resistance level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
CHFJPY BUY?Market is reacting to daily area on Daily time frame. Based on 4HR TF, the market seems to be forming a possible reversal pattern which could lead to a possible reversal.
We could see BUYERS coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor
AUDNZD BULLISH PROJECTIONMultiple TRENDLINE touches/rejections on the 12M timeframe which clearly indicates Bullish idea, a very strong Demand zone as well, and also we have Bullish Candlesticks patterns that also indicates a Bullish market. Going down to the 6M, 3M, and also the monthly timeframe, we have a Inverse Head and Shoulders Chart Patterns that occurred on each of the above aforementioned timeframes respectively. scaling down to the weekly timeframe, we have Candlestick Confirmation pattern that indicates a reversal to the upside.