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USDCAD Is Bearish! Short! Please, check our technical outlook for USDCAD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 1.392. The above observations make me that the market will inevitably achieve 1.384 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. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
2
USD/CAD — Upper POI Test Before a Potential Downside Expansion On the hourly chart, I’m watching for a continuation higher toward 1.3940–1.3970. This POI corresponds to the 1.414–1.618 external extension of the previous move. My main scenario is a push above the local highs into the upper area of interest, followed by a potential seller reaction and downside expansion. The initial rebalance target is the key Order Block near the origin of the current bullish impulse, around 1.3820–1.3830. If the decline continues, my next target is the new Fibonacci grid’s 1.414 external extension, around 1.3768. My profit-taking plan is marked on the chart: 75% of the position near the first target, with the remainder at 1.414. The lower POI spans the 1.414–1.618 extension zone. The reaction at the upper POI is essential to this scenario. Sustained acceptance above it would lead me to reassess the bearish outlook.
by Fibonacci_Code
GBPNZD: Resistance Test Could Trigger a ReversalGBPNZD: Resistance Test Could Trigger a Reversal GBPNZD is approaching a major resistance zone around 2.3500–2.3550, an area that has triggered several previous rejections. The pair has now rallied strongly from the lower structure and is once again testing this important resistance. Given the repeated reactions from this zone, I would be cautious about chasing the current move higher. If GBPNZD shows clear reversal or rejection signals near resistance, a pullback toward 2.3215 could be the first target. If selling pressure increases, the next target sits around 2.3040. Key levels: 🎯 2.3215 🎯 2.3040 You can find more details on the chart. Thank you! 🍀 ⚠️PS: Do your own analysis and use your own strategy to join the trade. ❤️ If this analysis helps your trading day, please support it with a like or comment ❤️
Short
by KlejdiCuni
5
GBPUSD – 1H Execution (4H Bias)|Bullish Trend-Continuation SetupBritish Pound remains structurally bullish on the 4H, holding a clear sequence of higher highs and higher lows since June. Price is now pulling back into a confluence zone — a rising trendline intersecting a fresh higher-low formation — with RSI printing a bullish divergence at the low (higher RSI low against a similar price low), while the prior swing high carried a bearish RSI divergence that explains the pullback itself. Together this reads as a healthy correction within the broader uptrend rather than a trend change. Bias: Bullish continuation, conditional on confirmation Trigger condition: Alligator mouth opens wide (upside expansion) + break of the prior lower high Entry (Buy Stop): 1.35785 Stop Loss: 1.34538 (~125 pips, below the higher-low structure) Target: 1.38649 (~286 pips) Risk:Reward: ~1:2.3 Management: Take partial profit (50%) near the prior swing high (~1.3660), trail remainder to final target. Structure: price is testing trendline + higher-low confluence following a bearish RSI divergence at the last swing high; a confirmed break above 1.35785 with expanding Alligator lines would validate resumption of the primary uptrend toward 1.386. ⚠️ High-impact event risk this week: UK jobs (Tue), UK CPI + FOMC (Wed), BoE (Thu), UK Retail Sales (Fri) — expect elevated volatility around the trigger zone; confirm breakout holds before relying on execution.
Long
by Hussainbhamani
USDJPY - Technical Analysis The current price action of USDJPY indicates downside pressure, with trading remaining below the 155.30 pivot level. As long as the market remains below this level, sellers maintain control. Trading below 155.30 favors further downward momentum toward 154.00 and 152.90. Conversely, a confirmed 1-hour candle close above 155.30 will activate bullish momentum, potentializing an upward move toward 156.00. Resistance Levels: 156.00 – 156.58 Support Levels: 154.00 – 152.90
Short
by EvarMayi