GBP/CAD H4
Price is currently trending to the upside within a parallel channel. With price having found a top in last weeks trading, we saw a drop on Friday with a small correction in the last few hours.
In the week ahead, we may see price turn around to the upside but pay attention to what happens if price tests the base of the channel again.
Look for a trade that meets your strategy rules.
Price is currently trending to the upside within a parallel channel. With price having found a top in last weeks trading, we saw a drop on Friday with a small correction in the last few hours.
In the week ahead, we may see price turn around to the upside but pay attention to what happens if price tests the base of the channel again.
Look for a trade that meets your strategy rules.
β€2π1
Here's another candlestick pattern to learn which you can apply to your trading and trading strategies. Tweezer Bottoms.
It's a bullish reversal pattern found at the bottom of a downtrend and consists of two candlesticks with matching lows.
The lows are normally wicks but can also be the bodies of the candles if there are no wicks.
The candles show that the sellers were unable to push price any lower.
It's a bullish reversal pattern found at the bottom of a downtrend and consists of two candlesticks with matching lows.
The lows are normally wicks but can also be the bodies of the candles if there are no wicks.
The candles show that the sellers were unable to push price any lower.
π1
EUR/NZD Daily
Last year we saw 2.0100 act as support on more than one occasion. Eventually in 2026, price broke through and dropped until finding buyers (support) at 1.9550.
Since then, price has moved impulsively to the upside with a possible target back at 2.0100 if price decides to retest the zone.
Whatever your bias, look for a trade that meets your strategy rules.
Last year we saw 2.0100 act as support on more than one occasion. Eventually in 2026, price broke through and dropped until finding buyers (support) at 1.9550.
Since then, price has moved impulsively to the upside with a possible target back at 2.0100 if price decides to retest the zone.
Whatever your bias, look for a trade that meets your strategy rules.
π1
AUD/USD Daily
Price had been bouncing off the 0.6980 level for over 2 weeks in March before finally closing below last week.
Is this a change of direction now?
A retest and rejection may provide a sell set up but if the level doesn't hold then look for price to push back above and look for a buy set up.
Whatever your thoughts, look for a trade that meets your strategy rules.
Price had been bouncing off the 0.6980 level for over 2 weeks in March before finally closing below last week.
Is this a change of direction now?
A retest and rejection may provide a sell set up but if the level doesn't hold then look for price to push back above and look for a buy set up.
Whatever your thoughts, look for a trade that meets your strategy rules.
π₯2
AUD/JPY Monthly
With the first quarter over and done, we look at the monthly AUD/JPY chart and notice that the March candle has rejected monthly resistance with a bearish pin candle.
With this in mind, it may be worth looking for sell setups on smaller time frames as we progress into the second quarter.
Whatever your thoughts, look for a trade that meets your strategy rules.
With the first quarter over and done, we look at the monthly AUD/JPY chart and notice that the March candle has rejected monthly resistance with a bearish pin candle.
With this in mind, it may be worth looking for sell setups on smaller time frames as we progress into the second quarter.
Whatever your thoughts, look for a trade that meets your strategy rules.
π₯1
XAU/USD is currently in a key decision zone within the bearish channel. After rejecting the sloping trendline around $4800, price remains trapped above support, stemming from the latest buying push.
The big question: Whoβs in control, the buyers or the sellers?
Break and close above $4800 = higher high, signalling buyer dominance.
Close below $4554 = bearish continuation, showing sellers are still in charge.
Whatever the outcome, ensure your trade aligns with your strategy and risk management rules. Keep an eye on these levels for your next move!
The big question: Whoβs in control, the buyers or the sellers?
Break and close above $4800 = higher high, signalling buyer dominance.
Close below $4554 = bearish continuation, showing sellers are still in charge.
Whatever the outcome, ensure your trade aligns with your strategy and risk management rules. Keep an eye on these levels for your next move!
β€6
CHF/JPY Market Outlook
The higher timeframe structure on CHF/JPY continues to reflect a strong bullish market environment. On the weekly timeframe, price remains in a well-established uptrend and the latest weekly candle has printed a Morning Star candlestick formation, a classic bullish reversal signal that often appears near the end of corrective pullbacks.
Should price break above Fridayβs high at 202.63, this would provide additional bullish confirmation and could open the door for a continuation move higher. In that scenario, the next key technical level to watch sits around 204.00, which has previously acted as a significant resistance zone.
Looking at the daily timeframe, price action shows multiple rejections from the 198.00 region, indicating the presence of strong underlying demand and reinforcing the bullish higher-timeframe bias.
With this structure in mind, traders may begin to monitor the lower timeframes for potential long opportunities, provided that any setups align with their individual trading plan, entry criteria, and risk management rules.
The higher timeframe structure on CHF/JPY continues to reflect a strong bullish market environment. On the weekly timeframe, price remains in a well-established uptrend and the latest weekly candle has printed a Morning Star candlestick formation, a classic bullish reversal signal that often appears near the end of corrective pullbacks.
Should price break above Fridayβs high at 202.63, this would provide additional bullish confirmation and could open the door for a continuation move higher. In that scenario, the next key technical level to watch sits around 204.00, which has previously acted as a significant resistance zone.
Looking at the daily timeframe, price action shows multiple rejections from the 198.00 region, indicating the presence of strong underlying demand and reinforcing the bullish higher-timeframe bias.
With this structure in mind, traders may begin to monitor the lower timeframes for potential long opportunities, provided that any setups align with their individual trading plan, entry criteria, and risk management rules.
β€2
Examining the weekly chart for EUR/NZD we see that price broke and closed above the previous weekly support zone from 2025. Last week price tested the level with a long lower wick. Watch price this week for smaller time frame indications of buyers controlling the market. Then look for a trade that meets your strategy rules.
β€2π1
EUR/GBP is hovering beneath the 0.8700 daily resistance after a strong reaction from range lows at 0.8600. The current candle structure appears corrective and a decisive break of the counter trendline would likely trigger a bullish continuation, targeting liquidity resting above 0.8700. Bias remains bullish while higher lows hold. π
π―5