USD/CAD SELL SETUP📍 Entry: 1.4064 (Now)
🎯 TP1: 1.4052
🎯 TP2: 1.4036
🎯 TP3: 1.4010
🛑 Stop Loss: 1.4089
USD/CAD is rejecting the descending trendline resistance once again, while RSI is pulling back from overbought territory and MACD is starting to roll over, which supports the bearish idea.
A rejection from this zone could send the pair lower toward the marked targets. 📊
Forex market
EURUSD- Selling pressure at 1.14300 trendline1. Trend
Short-term bias: Bearish
Price is trading below the descending trendline connecting the recent highs.
The current structure shows:
Lower Highs (LH).
Weakening recovery momentum.
EMA89 remains above price, indicating that the medium-term trend is still bearish.
Conclusion: EUR/USD is currently in a pullback phase within a short-term downtrend.
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SELL EURUSD zone : 1.14300 - 1.14400
SL : 1.14700
TP : 1.14000 - 1.13700 - 1.13300
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2. Economic News Related to EUR/USD
Key Market Drivers
1. Fed Expectations (USD)
EUR/USD is currently most sensitive to:
Fed rate expectations.
U.S. inflation data (CPI / PCE).
U.S. labor market data (NFP / Jobless Claims).
Impact:
Strong U.S. data → USD strengthens → EUR/USD falls.
Weak U.S. data → USD weakens → EUR/USD rises.
3. ECB (EUR)
Markets are closely watching ECB comments on:
Eurozone inflation.
Potential interest rate cuts.
Economic growth outlook.
If the ECB appears more hawkish than expected:
➡️ The euro could receive support.
Conversely, a dovish ECB stance would likely put pressure on EUR/USD.
EUR/USD BUY SETUP📍 Entry: 1.1422 (Now)
🎯 TP1: 1.1432
🎯 TP2: 1.1444
🎯 TP3: 1.1465
🛑 Stop Loss: 1.1401
EUR/USD is showing renewed bullish momentum after rebounding from the recent low. RSI has recovered above 50, while the MACD is turning bullish with strengthening positive momentum.
A sustained move above the current consolidation could open the way toward the targets. 📊
EURUSD Textbook Bear FlagEURUSD had been falling sharply, with sellers controlling the move and pushing price lower with strong bearish momentum.
Then the decline paused. Price began recovering slowly inside a narrow rising channel, forming a bearish flag. Buyers are trying to regain ground, but the rebound still looks weak, with each push higher meeting renewed selling pressure.
I am now waiting for a clear break below the flag.
That would confirm that sellers are stepping back in and could trigger another impulsive move lower toward 1.13850.
The stop-loss would typically sit above the upper boundary of the flag.
This is only a market idea, not a trade recommendation or financial advice.
GBPJPY Is Going Down! Short!
Here is our detailed technical review for GBPJPY.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 218.556.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 217.958 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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GBP/NZD BULLS ARE GAINING STRENGTH|LONG
Hello, Friends!
We are now examining the GBP/NZD pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 2.313 level.
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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GBPTHB Awaits UK Jobs DataMarket Analysis: GBPTHB is expected to trade with a steady-to-bullish bias in the short term. Due to a light UK economic calendar today, the Sterling will largely move in tandem with US Dollar dynamics and broader global market sentiment. Investors are holding back on major positions ahead of tomorrow’s UK labor market report, which will offer crucial insights into the UK economic outlook and the Bank of England’s (BoE) rate path.
Technical Outlook: Sideways to Sideways Up. The chart is transitioning into a Sideways to Sideways Up structure following its correction from the 45.48 high. Price action is holding above key support at 45.15 and attempting to build a base around 45.24–45.28. A sustained hold above this base opens room for a rebound toward the 45.31–45.35 resistance zone (Fibonacci 50.0–61.8). A weak open in Thai equities offers supplementary tailwinds. Conversely, failure to clear 45.28–45.31 could trigger selling pressure back toward 45.15–45.11, where a breach below 45.15 would signal weakening demand and risk a decline into the Order Block zone around 45.11.
Support : 45.15 – 45.11
Resistance : 45.28 – 45.31
Target : 45.31 – 45.35
Cut Loss : 45.14
GBP/AUD BUYERS WILL DOMINATE THE MARKET|LONG
GBP/AUD SIGNAL
Trade Direction: long
Entry Level: 1.917
Target Level: 1.924
Stop Loss: 1.913
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1h
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CHFTHB Eyes Swiss Trade DataMarket Analysis : CHFTHB is expected to trade with a range-bound to slightly weakening bias in the short term. Investors are tracking Switzerland’s Trade Balance and M3 Money Supply data today to gauge domestic economic conditions and liquidity. Overall sentiment for the Swiss Franc remains tied to safe-haven demand, global risk appetite, and broad US Dollar trends. Meanwhile, the VIX index sitting at 18.65 reflects relatively subdued market anxiety, diminishing near-term safe-haven support for the Franc. Additionally, a positive opening in the Thai equity market this morning presents an added localized downside risk.
Technical Outlook : Sideways to Slightly Bearish. The overall technical setup leans Sideways to Slightly Bearish following the formation of a Double Top pattern and a subsequent correction toward key support around 41.47. Price action is currently attempting a technical rebound from this support zone. Reclaiming and sustaining above the immediate resistance at 41.55 will confirm a recovery scenario toward the 41.59 target. Technical indicators reflect a prevailing bearish tilt: the RSI sits near 39 (approaching Oversold territory), while the MACD remains below its signal line with a negative but contracting histogram, signaling that selling momentum is slowing down but awaiting confirmation of a true reversal. Conversely, failure to clear 41.55 could invite renewed selling pressure toward 41.47, where a breach below 41.47 would open the downside toward 41.44.
Support : 41.47 – 41.44
Resistance : 41.55
Target : 41.55 – 41.59
Cut Loss : 41.46
AUDTHB Holds Bullish BiasMarket Analysis: AUDTHB is projected to trade with a steady-to-bullish profile in the short term. With an empty Australian economic calendar today, market attention shifted to China’s Loan Prime Rate (LPR) decision, where the PBoC kept the 1-year and 5-year LPR unchanged at 3.00% and 3.50% as expected, prompting a muted AUD reaction. Nevertheless, AUD dynamics remain anchored to Chinese economic developments, commodity trends, and broad risk sentiment, while general US Dollar (DXY) softness offers underlying support for the pair.
Technical Outlook : Sideways with Bullish Bias. The technical setup maintains a Sideways with Bullish Bias posture after recovering from the 23.42 support and holding above the EMA line. Although capped by resistance at 23.51, the broader uptrend structure remains intact. A decisive breakout above 23.51 will open the upside to retest the 23.54–23.56 resistance zone and Swing High. A negative opening in Thai equities acts as a supportive local catalyst. On the downside, failure at 23.51 may spark profit-taking toward 23.46–23.45, with a breakdown below 23.45 signaling fading buying momentum toward 23.42.
Support : 23.46 – 23.45
Resistance : 23.51
Target : 23.54 – 23.56
Cut Loss : 23.44
AUD/CAD BEST PLACE TO BUY FROM|LONG
Hello, Friends!
We are going long on the AUD/CAD with the target of 0.980 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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EURTHB Eyes German PPIMarket Analysis: EURTHB is expected to trade in a sideways consolidation range. Today’s economic focus centers on the German Producer Price Index (PPI) to evaluate manufacturing cost pressures. A higher-than-expected PPI print could firm inflation expectations and bolster the ECB’s monetary policy outlook, providing short-term tailwinds for the Euro. However, with limited major Eurozone economic catalysts overall, the pair’s direction will remain heavily dictated by US Dollar movements and global market sentiment.
Technical Outlook: Sideways with Bullish Bias. The chart pattern reflects a Sideways with Bullish Bias structure following a rebound from the 38.40 base. While facing near-term resistance, price action represents healthy consolidation ahead of a directional move. The price trades near Fibonacci 38.2% (38.45) and 50.0% (38.47); reclaiming the 61.8% level (38.49) will validate renewed buying pressure toward the 38.52–38.54 target zone near the previous Swing High. Note that a Fair Value Gap (FVG) at 38.44–38.45 may pull prices down to fill the gap if 38.49 holds. A break below 38.44 will accelerate short-term selling toward 38.42 and 38.40.
Support : 38.42 – 38.40
Resistance : 38.49
Target : 38.52 – 38.54
Cut Loss : 38.39
USDTHB Tracks DXY MovesMarket Analysis:USDTHB shows a steady-to-softening bias in the short term, weighed down by a lower opening in the DXY index. Today, market attention centers on the release of the June US Leading Economic Index (LEI) to gauge economic momentum. While stronger-than-expected figures could offer dollar support, the overall direction remains sensitive to US Treasury yield movements, DXY fluctuations, and global risk sentiment given the thin US economic calendar.
Technical Outlook : Bullish Trend (Short-term Consolidation). The primary technical structure maintains a bullish outlook after preserving its Higher Low sequence. Despite entering a narrow consolidation range, the broader structure favors upside continuity. The price currently holds above Fibonacci 38.2% (33.62) and near 50.0% (33.60). A decisive breakout above the 33.64–33.65 resistance zone and the previous Swing High will confirm a fresh buying wave toward 33.70–33.72. Conversely, failure to clear 33.66 could trigger profit-taking toward 33.60–33.58, with a break below 33.58 weakening buying momentum toward 33.55. A positive open in Thai equities also poses a potential downside risk.
Support : 33.60 – 33.58
Resistance : 33.64 – 33.65
Target : 33.70 – 33.72
Cut Loss : 33.57
EURUSD H1: 1.1415 Resistance Limits the RecoveryMarket Overview:
EURUSD has broken below the short-term descending channel and is currently consolidating just below the 1.1415 zone, suggesting that this area could turn into a new resistance level. The price structure remains bearish as recovery attempts continue to face selling pressure.
Outlook:
A sell scenario is preferred if EURUSD continues to be rejected around 1.1415. In this case, the pair could extend its decline toward the 1.1384 support zone.
The bearish scenario will be invalidated if EURUSD closes clearly above 1.1415 on the H1 timeframe and maintains stability above this level.
21 Jul GBPUSD outlook: Potential reversal seenGBPUSD has extended its recovery over recent weeks and is now testing a significant weekly resistance zone. This area has repeatedly capped previous advances, making it a key level to watch for signs of either continuation or rejection.
Although the broader recovery remains intact, buyers have yet to secure a decisive weekly close above resistance. Until that happens, the recent rally could still be viewed as a corrective move within the broader higher-timeframe range rather than the start of a sustained bullish trend.
If sellers regain control around current levels, focus may shift towards the 1.3140 support area initially, with 1.3010 emerging as the next downside level should bearish momentum strengthen.
Given this is a weekly timeframe, any move would likely unfold over several weeks rather than in the near term.
Alternatively, a sustained weekly close above resistance would suggest strengthening bullish conviction and reduce the likelihood of this bearish scenario.
For now, the technical structure suggests the current resistance zone remains a key inflection point.
By Li Xing Gan, Financial Markets Strategist Consultant to Exness
GBPUSD SHORT SPX/equity correlation mechanismGBP's August–October seasonal decline: GBP/USD reliably weakens from early August through a mid-October low, averaging around -400 to -500 pips in a typical year (much larger in stress years). The core driver is GBP's correlation with concurrent US equity market performance, GBP behaves as a risk-sensitive currency, so when US stocks soften in this window, GBP falls with them. In the small number of genuinely severe years (2008, 2011, 2022, 2016, 2014), a second layer stacks on top: a UK-specific political or fiscal shock (a mini-budget, a referendum, a leadership crisis) landing directly in the window, which is what turns a normal seasonal dip into an outlier decline. Not caused by UK-specific "sell in summer" liquidity effects, gilt issuance, or tourism outflows — all tested and ruled out.
EURUSD Wave Analysis – 20 July 2026
- EURUSD reversed from resistance level 1.1465
- Likely to fall to support level 1.1370
EURUSD currency pair recently reversed from the resistance level 1.1465 (top of earlier wave a) intersecting with the 50% Fibonacci correction of the downward impulse from June.
The downer reversal from the resistance level 1.1465 (also strengthened by the upper daily Bollinger band) started the active impulse wave iii.
Given the clear daily downtrend, EURUSD currency pair can be expected to fall further to the next support level 1.1370 (low of earlier wave b).
NZDJPY FREE SIGNAL|SHORT|
✅NZDJPY is trading within a premium supply zone after a strong bullish displacement. Expect an ICT rejection from this PD array and continuation toward lower liquidity.
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Entry: 94.98
Stop Loss: 95.46
Take Profit: 94.36
Time Frame: 10H
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SHORT🔥
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