Forex market
EURUSD: Ready for Another Push Higher?EURUSD continues to show a bullish structure on the daily timeframe , with the ascending trendline remaining an important foundation for the broader upside move.
The recent pullback has brought price back toward this trendline, but the overall structure remains intact. As long as buyers continue to defend this area, I view the current weakness as a technical correction rather than the beginning of a larger bearish reversal.
From here, I expect EURUSD to recover toward 1.1635 as the first upside target . If price breaks and holds above this level, attention will shift toward 1.1700 , a key psychological resistance where I will closely watch the reaction between buyers and sellers.
Overall, the bullish scenario remains valid as long as the ascending trendline holds, with 1.1635 first and 1.1700 next as the key levels to watch.
CHFTHB Eyes Safe-Haven DemandYesterday Recap 16/9/26
Yesterday, CHFTHB closed at 40.63 in the Thai market. There were no high-impact Swiss economic releases, suggesting that the CHF was mainly driven by global market factors and major currency movements. Meanwhile, the Fed raised interest rates, strengthening the USD and putting pressure on CHFTHB.
Fundamental 17/9/26
Key Events Today | Forecast | Previous
CH: 13:00 Trade Balance | - | 8.730B
CH: 14:00 SECO Economic Forecast
Today's key Swiss economic releases include the Trade Balance, with the previous reading at 8.730B, and the SECO Economic Forecast, which will provide insight into the outlook for the Swiss economy and could influence expectations for monetary policy going forward.
However, CHF movements remain highly dependent on global Risk Sentiment. A Risk-Off environment could increase demand for safe-haven assets and support the CHF, while Risk-On conditions could reduce demand for the CHF.
Overall, CHFTHB is expected to move within a range, with the main focus on Risk Sentiment, the SECO Economic Forecast, and CHF direction.
Technical Analysis — CHFTHB 1H
Bias: Sideway
Price rebounded from 40.38 but remains capped by the FVG zone above. If price holds above 40.45, it could move higher to test 40.48–40.50. However, failure to break above 40.45 could lead to a pullback or sideways consolidation.
Resistance: 40.45 / 40.48 / 40.50
Support: 40.38
Target: 40.48 → 40.50
Cut Loss: 40.37
GBPTHB Eyes BoE DecisionYesterday Recap 16/9/26
Yesterday, GBPTHB closed at 44.82 in the Thai market. UK inflation accelerated as expected, while Core CPI remained unchanged, indicating that inflationary pressure persisted. Meanwhile, the Fed raised interest rates, strengthening the USD and putting pressure on GBPTHB.
Fundamental 17/9/26
Key Events Today | Forecast | Previous
UK: 18:00 Interest Rate Decision | 3.75% | 3.75%
UK: 18:00 MPC Rate Cut Vote | 0 | 0
UK: 18:00 MPC Rate Hike Vote | 3 | 3
Today's key GBP event is the Bank of England (BoE) monetary policy meeting. The interest rate is expected to remain at 3.75%, unchanged from the previous meeting. The MPC vote is expected to show 3 votes for a rate hike and no votes for a rate cut.
Markets will focus on both the interest-rate decision and details from the MPC meeting, as these could provide insight into policymakers' views on inflation and the future monetary policy path. A more hawkish-than-expected tone could support the GBP, while more dovish signals could pressure the GBP.
Overall, GBPTHB is expected to remain highly volatile, with the main focus on the BoE, MPC vote, and GBP direction.
Technical Analysis — GBPTHB 1H
Bias: Sideway
Price rebounded from 44.60 and has started to recover. If price holds above 44.70, it could move higher to test 44.75–44.77. However, failure to break above 44.75 could lead to a pullback or sideways consolidation. Markets are also closely watching the BoE meeting outcome today, which could increase GBP volatility.
Resistance: 44.75 / 44.77
Support: 44.60
Target: 44.75 → 44.77
Cut Loss: 44.59
AUDTHB Holds Bullish BiasYesterday Recap 16/9/26
Yesterday, AUDTHB closed at 23.72 in the Thai market. The MI Leading Index MoM remained broadly unchanged from the previous reading, suggesting that the outlook for Australia's economic momentum remained stable. Meanwhile, the Fed raised interest rates, strengthening the USD and putting pressure on AUDTHB.
Fundamental 17/9/26
Key Events Today
There are no high-impact Australian economic releases today. Therefore, the AUD is expected to be driven mainly by external factors, particularly the Chinese economic outlook, commodity prices, Risk Sentiment, and USD direction, which could affect capital flows into the AUD.
AUDTHB has rebounded from 23.62 as markets increased expectations of an RBA rate hike amid inflationary pressure. Meanwhile, the Thai baht has been pressured by a stronger USD following the Fed's Hawkish signal. This could support AUDTHB's recovery toward 23.71–23.73.
Overall, AUDTHB is expected to move within a range with a slight upside bias, with the main focus on Risk Sentiment, China, Commodities, and USD direction.
Technical Analysis — AUDTHB 1H
Bias: Sideway Up / Bullish
Price rebounded from 23.62 and is recovering within the 23.62–23.71 range. If price breaks and holds above 23.71, it could move higher to test 23.73. However, failure to break above 23.71 could lead to a pullback or sideways consolidation.
Resistance: 23.71 / 23.73
Support: 23.62
Target: 23.71 → 23.73
Cut Loss: 23.61
EURGBP: Trend Continuation PlayOn the daily timeframe, price is squeezing against my EMA bands. In addition, price is below all EMAs, which gives me a downtrend bias.
On the H1 timeframe, price spiked higher and tested the resistance. I plotted an ascending trend line to mark the likely end of the counter-trend move.
Sell stop has been placed based on price crossing below this ascending trend line.
EURTHB Eyes Eurozone CPIYesterday Recap 16/9/26
Yesterday, EURTHB closed at 38.41 in the Thai market. Eurozone manufacturing data came in slightly better than expected, while wage growth slowed, suggesting that the overall economic outlook remained broadly stable. Meanwhile, the Fed raised interest rates, supporting the USD and putting pressure on EURTHB.
Fundamental 17/9/26
Key Events Today | Forecast | Previous
EU: 16:00 Eurozone CPI YoY | 3.3% | 2.9%
EU: 16:00 Eurozone Core CPI YoY | 2.4% | 2.5%
EU: 16:00 Eurozone CPI MoM | 2.9% | 0.2%
Today's key European data are the Eurozone inflation figures. CPI YoY is forecast to rise to 3.3% from 2.9%, while Core CPI YoY is expected to ease slightly from 2.5% to 2.4%. Markets will therefore focus on which components are driving the increase in headline inflation.
If headline inflation comes in above expectations, markets may assess the ECB's monetary policy outlook as more restrictive, potentially supporting the EUR. Meanwhile, slower Core CPI could reduce underlying inflationary pressure.
Overall, EURTHB is expected to remain volatile within a range, with the main focus on Eurozone CPI, the ECB interest-rate outlook, and European Bond Yields.
Technical Analysis — EURTHB 1H
Bias: Sideway
Price is moving within the 38.27–38.35 range after breaking below the 38.35 zone. If price holds above 38.27, it could rebound to test 38.35–38.37. However, a break below 38.22 would make the downside structure more pronounced.
Resistance: 38.35 / 38.37
Support: 38.27 / 38.22
Target: 38.35 → 38.37
Cut Loss: 38.22
CADJPY: Attempting to Break Above H1 LevelCADJPY is currently very over-extended on the daily timeframe. On the H1 timeframe, price had a rather weaker bearish reaction after re-testing the hourly level.
Current attempt is to trade the upside breakout based on price crossing the descending trend line. This is my first indication that the counter-trend movement has come to an end.
USDTHB Tracks USD DirectionYesterday Recap 16/9/26
Yesterday, USDTHB was supported by the Fed's decision to raise interest rates by 0.25% to 3.75–4.00%, marking the first rate hike since July 2023, or in more than three years. The Fed continued to emphasize controlling inflation, while the U.S. economic outlook remained relatively strong.
Regarding the Fed's interest-rate outlook, the Dot Plot signaled the possibility of one additional rate hike in 2026. With inflation still above the Fed's 2% target, markets will continue to closely monitor upcoming economic and inflation data.
Fundamental 17/9/26
Key Events Today | Forecast | Previous
US: 19:30 Philadelphia Fed Manufacturing Index | 31.3 | 47.4
US: 19:30 Initial Jobless Claims | 207K | 206K
US: 19:30 Housing Starts | 1.320M | 1.239M
Today's key U.S. economic release is the Philadelphia Fed Manufacturing Index, forecast at 31.3, down from the previous 47.4, suggesting that manufacturing activity in the Philadelphia region could slow. A weaker-than-expected reading could pressure the USD.
Meanwhile, Initial Jobless Claims are forecast at 207K, up slightly from 206K, suggesting a slight softening in the labor market. Housing Starts are forecast at 1.320M, up from 1.239M. A stronger-than-expected reading could support the outlook for the U.S. economy and the USD.
Overall, USDTHB is expected to remain highly volatile, with the main focus on labor-market data, manufacturing activity, USD direction, and U.S. Bond Yields.
Technical Analysis — USDTHB 1H
Bias: Bullish
Following the Fed's 0.25% rate hike to 3.75–4.00% and its signal that another rate hike could be possible, the USD strengthened. The chart structure remains bullish. If price holds above 33.35, it could move higher to test 33.45 → 33.50.
Resistance: 33.45
Support: 33.35
Target: 33.50
Cut Loss: 33.32
GBPNZDGBP/NZD 1H Technical Analysis: Identified a bearish reversal setup supported by bearish RSI divergence and a clear Head and Shoulders reversal pattern. The neckline breakdown confirms the bearish structure, with a defined short entry, stop-loss, and two downside take-profit targets based on structured risk management.
NZD/USD Official Trading PlanNZD/USD Official Trading Plan
1. Trading Instrument
Trading Instrument: NZD/USD
2. Analysis Timeframe
Analysis Timeframe: 2H Band Trading
3. Entry Level
Go long near the market price at 0.57541
4. Stop Loss Level
Full position stop loss placed at 0.57380.
Strictly execute stop loss once the price breaks the stop loss level, no holding and no subjective adjustment. This trade is configured with a fixed risk-reward ratio of 1:16.
5. Take Profit & Risk Protection Rules
1. First Target: 0.58270
Reduce half of the position, move stop loss forward to lock floating profits and protect remaining positions.
2. Second Target: 0.58950
Reduce half of the remaining positions again, continue to push up stop loss to further expand profit protection range.
3. Third Target: 0.5988880
Reduce half of the remaining positions, push stop loss again to fully secure trading profits.
Leave the last tail position to run with the trend and dynamically adjust protection according to real-time price movement.
6. Position Sizing
Trade with a fixed 1:16 risk-reward ratio for band trading. Control single trade risk within a reasonable range, prohibit over-sizing and averaging down against the trend. All position calculations strictly comply with the preset high reward trading structure.
7. Trading Cycle
2H cycle band trading. Hold positions according to trend structure, close partial positions step by step at each target level, and retain tail positions to capture further trend extension opportunities.
8. Risk Transaction Reminder
Foreign exchange markets are affected by international capital flows, macroeconomic data, interest rate expectations and global risk sentiment, with uncertain intraday volatility and sudden trend reversals. 2H band trading has medium holding cycle risk, and price gap and slippage may occur in extreme market conditions, which will affect the actual execution of stop loss and take profit. This trade adopts a high 1:16 risk-reward strategy, which requires stricter execution discipline. Graded position reduction and stop loss pushing can effectively control risks, but cannot completely eliminate market uncertainty. All position adjustment operations must be executed strictly in accordance with the pre-set plan, and impulsive temporary position opening and position adjustment are prohibited.
Professional Disclaimer
All financial transactions involve huge risks such as price fluctuations, liquidity imbalance and sudden market reversals. The foreign exchange market trades continuously with high uncertainty, and slippage often occurs in stop-loss and take-profit execution. Leveraged trading amplifies both returns and risks, and may cause partial or total loss of principal. This trading plan is only for personal strategy reference and does not constitute any investment invitation or financial advice. All opening, closing and risk control decisions are independently executed by the trader, and all profit and loss consequences shall be borne solely by the trader.
AUD/USD Official Trading PlanAUD/USD Official Trading Plan
1. Trading Instrument
Trading Instrument: AUD/USD
2. Analysis Timeframe
Analysis Timeframe: 2H Band Trading
3. Entry Level
Go long near the market price at 0.771275
4. Stop Loss Level
Full position stop loss placed at 0.71180.
Strictly execute stop loss once the price breaks the stop loss level, no holding and no subjective adjustment.
5. Take Profit & Risk Protection Rules
1. First Target: 0.71700
Reduce half of the position, move stop loss forward to lock floating profits and protect remaining positions.
2. Second Target: 0.72000
Reduce partial positions again, continue to push up stop loss to further expand profit protection range.
3. Third Target: 0.723390
Reduce half of the remaining positions, push stop loss again to fully secure trading profits.
Leave the last tail position to run with the trend and dynamically adjust protection according to real-time price movement.
6. Position Sizing
Trade with fixed band trading risk ratio. Control single trade risk within a reasonable range, prohibit over-sizing and averaging down against the trend.
7. Trading Cycle
2H cycle band trading. Hold positions according to trend structure, close positions partially at each target level, and hold tail positions for trend extension opportunities.
8. Risk Transaction Reminder
Foreign exchange markets are affected by international capital flows, macroeconomic data, interest rate expectations and global risk sentiment, with uncertain intraday volatility and sudden trend reversals. 2H band trading has medium holding cycle risk, and price gap and slippage may occur in extreme market conditions, which will affect the actual execution of stop loss and take profit. Graded position reduction and stop loss pushing can effectively control risks, but cannot completely eliminate market uncertainty. All position adjustment operations must be executed strictly in accordance with the pre-set plan, and impulsive temporary position opening and position adjustment are prohibited.
Professional Disclaimer
All financial transactions involve huge risks such as price fluctuations, liquidity imbalance and sudden market reversals. The foreign exchange market trades continuously with high uncertainty, and slippage often occurs in stop-loss and take-profit execution. Leveraged trading amplifies both returns and risks, and may cause partial or total loss of principal. This trading plan is only for personal strategy reference and does not constitute any investment invitation or financial advice. All opening, closing and risk control decisions are independently executed by the trader, and all profit and loss consequences shall be borne solely by the trader.
EUR/USD 2H Long Trading PlanEUR/USD 2H Long Trading Plan
Timeframe: 2H
Direction: Long
Entry: 1.15359
Stop Loss: 1.15310
Profit Targets & Position Management:
1. TP1 1.15925: Reduce half position, trail stop loss.
2. TP2 1.16384: Reduce half of remaining position, trail stop loss.
3. TP3 1.16982: Reduce half of remaining position, trail stop loss.
Remaining small position: Use trailing stop to let profit run.
Disclaimer
This trading plan is for educational purposes only and does not constitute investment advice. Forex trading involves substantial risk. All trading decisions are made at your own risk, and I shall not be liable for any gains or losses resulting from the use of this plan.
USDCAD Analysis - Can buyers push toward 1.4000?USDCAD is trading within a clear ascending channel, with price continuing to respect the rising structure and maintain a sequence of higher lows. The recent bullish momentum suggests that buyers remain in control and further upside is still possible.
Price has recently broken above a key resistance zone and is now retesting this area as support. If buyers continue to defend the structure, it would strengthen the bullish setup and increase the likelihood of another push toward the 1.4000 target, near the channel’s upper boundary.
As long as the rising support remains intact, the bullish outlook stays valid. A decisive break below the channel would weaken this scenario and increase the risk of a deeper pullback.
Remember, always confirm your setups and use proper risk management.
USDCAD: Breakdown SetupUSD/CAD is still moving within a rising structure , but price is now testing the upper part of the formation and starting to lose momentum.
The key area to watch is the ascending trendline below price . This line has been supporting the latest move higher, so a break below it would be the first sign that buyers are losing control.
For now, I would wait for a confirmed breakdown rather than sell too early. If price breaks the trendline and fails to recover above it, selling pressure could increase, with 1.3905 as the next downside target.
The idea is simple: wait for the structure to break, then look for continuation lower.
EURUSD Bears Are Taking ControlEURUSD is now showing a clearer short-term bearish bias, as both the macro backdrop and the H8 structure are increasingly favoring sellers. Expectations that the Fed could raise interest rates this week, following hotter-than-expected U.S. inflation data, continue to support the dollar, while EURUSD has already started weakening toward the 1.1570 area.
On the H8 timeframe, the bearish structure is becoming increasingly clear. Price has repeatedly been rejected from the descending trendline, forming lower highs, and has now moved below the Ichimoku Cloud. The failure of recent rebounds to reclaim the trendline suggests that buying pressure is fading, while sellers continue to control the upper area.
If EURUSD remains below the trendline and the Ichimoku Cloud, I expect selling pressure to extend toward 1.1527. A decisive break below this level could open the door for a deeper decline toward 1.1440–1.1480, in line with the support zone highlighted on the chart.
Overall, EURUSD currently looks more like a market losing bullish momentum than one preparing for an upside breakout. I prefer looking for SELL setups on rebounds with confirmation, rather than trying to catch the bottom while the short-term structure continues to favor sellers.
EURUSD: Sellers Remain in Control as Pressure Builds Near SupporEURUSD is currently trading within a clear bearish structure , as both the macro backdrop and price action continue to favor sellers. The pair has already experienced a strong decline, and although price is now stabilizing near support, the current consolidation has not produced enough strength to suggest that the broader downtrend is coming to an end.
From a macro perspective, the U.S. dollar continues to hold the advantage ahead of the Federal Reserve’s policy decision. Markets are pricing a high probability of a 25-basis-point Fed rate hike , while elevated U.S. Treasury yields continue to support the dollar. The ECB has also tightened monetary policy, which provides some support for the euro, but so far this has not been enough to reverse the pressure on EURUSD. In the short term, Fed expectations and U.S. yields remain the stronger drivers.
Technically, EURUSD continues to respect the major descending trendline on the H4 timeframe . The broader sequence of lower highs remains intact, while price is still trading beneath the Ichimoku structure. More importantly, the latest decline has pushed EURUSD into the lower part of the structure, where price is now consolidating rather than producing a convincing bullish recovery. This suggests that selling pressure has slowed, but sellers have not lost control.
The 1.1560–1.1580 area is the most important resistance zone in the short term. A rebound into this region could attract renewed selling pressure, especially while price remains below the descending trendline. On the downside, 1.1515–1.1525 is the key support area. If this support breaks decisively, the current consolidation could develop into another bearish extension.
Overall, EURUSD remains in a controlled bearish phase . As long as price fails to break and hold above the immediate resistance structure, I would treat rebounds as technical pullbacks within the downtrend , rather than evidence that a bullish reversal has begun.
USDCAD Daily — Breakout to the UpsideUSDCAD is starting to look interesting on the Daily timeframe.
After finding strong support around the 1.3760–1.3780 area, price has recovered and has now broken above the recent resistance zone around 1.3890–1.3910.
This area was previously holding price down, so the breakout shifts my short-term bias towards the upside.
Another thing I’m watching is the cluster of the 20, 50 and 200 EMAs around this area. Price is now attempting to reclaim them, which could support further bullish momentum if it continues to hold above the breakout zone.
🎯 Next area I’m watching: ~1.4000
The 1.4000 area is the next significant support/resistance level on my chart and would be my initial upside target if this breakout continues.
My view for now:
Support held ✅
Resistance broken ✅
Bullish breakout 📈
Next target: ~1.4000 🎯
Ideally, I’d like to see price hold above the 1.3890–1.3910 breakout area. A retest and rejection from this zone could provide further confirmation for the bullish move.
If price falls back below and fails to reclaim the breakout area, I’ll reassess the setup.
For now, I’m watching for continuation towards 1.4000. 👀
This is my personal market analysis and not financial advice. Always manage your own risk.
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