Daily timeframe overview on four pairs
Calm assessment of USDJPY, USDCAD, EURGBP, and Gold on the daily chart, based on structure and momentum.
Lena Brandt
@lenabrandt
FX swing trader. Risk first, entries second.
KRW Undervaluation and BOK Stance
The South Korean won looks cheap on a fundamental basis, and the BOK's measured policy path supports further upside. I'm watching for mean reversion in USD/KRW as equity outflows fade.
Dow Jones Bullish Momentum Continues
The Dow Jones index showed strength by breaking through a key resistance level on the 4-hour chart. I anticipate further upside as the bullish wave extends.
EURUSD Bearish Structure on 4H
I see a valid bearish change of character on EURUSD on the 4-hour chart, keeping me biased lower.
EURUSD Bearish Setup from Resistance
EURUSD shows a bearish rejection from resistance with a double top breakdown on the hourly chart.
Waiting on US services PMI
I am watching the upcoming US services and composite PMI releases. My bias is for USD strength if the data surprises to the upside, but I will wait for confirmation before acting.
AUDCAD: Bullish Continuation
AUDCAD shows a clean retest of broken resistance and a flag breakout. My bias remains higher on the 1H chart.
US30 Resistance Broken, Bullish Bias
I see US30 breaking above a long-standing resistance zone, with the former high now acting as support. I expect further upside momentum.
Top-down analysis with CRT for clean entries
I layer CRT on top of a higher timeframe map to define the zone where I want to short. The confirmation comes from the lower timeframe structure, not from chasing price.
Holiday Liquidity Caution
US Independence Day brings low volume in NY session. I step aside to avoid erratic moves.
GBPCAD Breakout Confirms Bullish Bias
I see GBPCAD has cleared a key resistance level on the daily chart, reinforcing my bullish outlook. The path toward the 1.90 psychological area appears clear, though I remain cautious about potential pullbacks.
AUDJPY shifts bullish after support test
AUDJPY tested a key intraday support zone and is showing bullish momentum on the 1H frame. The risk/reward favors the upside after today's news.
Top-Down Price Action on EUR/USD
Using higher timeframe structure to filter lower timeframe entries keeps my risk manageable. I’m watching for a continuation of the daily bearish bias.
GBPCHF Bullish Continuation
I'm watching GBPCHF for a continued move higher after a bullish flag breakout on the 4H chart. The structure supports further upside with proper risk management.
AUDJPY Bullish Bias from Support
I see a double bottom on the hourly chart near support, confirming a potential reversal. I'll wait for a clean break before acting, with risk management front and centre.
USD/KRW capped by resistance
The recent stall near 1561 suggests the upside is limited, and I see a range developing with a slight bearish bias on USD/KRW.
CADCHF Bearish Breakdown
CADCHF has broken a horizontal support on the daily chart, suggesting further downside after a pullback.
GBPAUD Showing Signs of Weakness at Resistance
GBPAUD is testing a key daily resistance area, and the structure on the 4-hour chart confirms selling pressure. I'm watching for a move lower.
GBPCAD Daily Resistance Breakout
GBPCAD has cleared a key daily resistance zone. I see a measured bullish bias on pullbacks.
GBPCHF Bullish Continuation Following Flag Breakout
I see a clean bullish flag breakout on GBPCHF, confirmed by a change of character. The structure supports further upside.
USDCAD: Buying the retracement within the wedge
USDCAD daily remains bullish inside an expanding wedge. I am waiting for a retracement to support before considering a long position.
CADCHF Bearish Continuation
I see CADCHF continuing lower after the recent breakdown of a key support zone. The retest of that level confirms the bearish structure.
BoJ hike failed to turn the yen tide
The Bank of Japan delivered its long-awaited hike, yet USD/JPY barely flinched. This tells me the structural pressure on the yen runs deeper than a single rate move.
Thai Baht holding up despite export slowdown
Exports missed expectations for May, but the baht is stabilising on capital inflows. I'm watching for continued support from tourism and electronics resilience.
Crude Oil Daily Structure
I'm watching key resistance levels on WTI daily that have held well; any break lower would reinforce my bearish bias.
GBPJPY Structuring for a Move Higher
I see GBPJPY breaking through a key intraday resistance level on the 1-hour chart, confirming a bullish continuation pattern.
FX and Index Watch: Pullback and Continuation Setups
I am keeping an eye on a few setups across GBPUSD, GBPJPY, DXY, and US30. Several have reached levels where I expect a meaningful reaction.
USD/CHF showing signs of exhaustion
The pair is retreating below 0.8100 after forming a tweezer top, and the dollar's momentum is fading despite hot inflation data. I am watching for a short bias here.
EURJPY breakout confirms downside momentum
I see a confirmed breakout on EURJPY daily, pointing to further declines.
Crude Oil Breakdown
WTI crude has broken a key daily support level, and the path lower looks clear. The momentum suggests a continued decline toward the next major zone.
NZDUSD bearish structure intact
Daily timeframe shows a clean break of structure. I am watching for further downside in NZDUSD. Risk management remains my priority.
EURNZD breakout holds
Daily resistance broke cleanly and now acts as support. I maintain a bullish bias on the pair.
GBPUSD Bearish After Data
The UK unemployment data has shifted the structure. I see a confirmed bearish break on the daily chart, which supports a continued move lower. My bias is bearish.
USD/CAD trend remains constructive
The structure on USD/CAD continues to favour the buyer—week after week the pair grinds higher without much corrective pullback.
AUD/USD: Fed and RBA in a Standoff
Both central banks are signaling hawkishness, leaving the pair stuck in a range.
GBPAUD: Bullish Reaction to UK Data
After this morning's UK releases, GBPAUD bounced from a key daily support. The structure leans higher in my view.
DXY supply zone gives way
The Dollar Index broke a daily supply cluster, shifting the structure in favor of further gains. I am watching for a pullback to confirm before acting.
AUDNZD Daily Breakout Suggests Room to Run
AUDNZD broke above a daily resistance zone. I'm watching for further upside momentum, keeping a measured approach to risk.
GBPAUD reclaiming key support
UK fundamentals shifted the intraday flow. I see a clean hold of daily support and expect the pair to grind higher from here.
AUDCAD Facing Resistance on the Hourly
I see AUDCAD testing a key horizontal resistance zone on the 1H timeframe. The risk/reward favors a bearish move from here.
AUDCAD: Bearish Setup on Resistance Test
I'm watching AUDCAD on the 1-hour chart after a test of key horizontal resistance. The pair looks likely to retrace, so I'm favoring a bearish bias here.
CADCHF Channel Breakout Points Higher
I'm watching CADCHF for a continued recovery after an oversold condition and a clear hourly channel breakout.
CADCHF Showing Signs of a Deeper Recovery
CADCHF has broken out of a falling channel on the hourly chart, suggesting the sell-off may have run its course.
GBPJPY Bullish Structure on the 4H
Price action on GBPJPY is showing a clear shift in momentum on the 4H timeframe. I am watching for a move higher as the market fills an imbalance to the downside.
US500 Bullish Structure Confirmed
I see a valid bullish change of character on the US500 daily chart, positioning the index to test the current all-time high resistance. I am waiting for a pullback into broken structure before considering a long.
Watching multiple daily setups for bullish breakouts
I see bullish potential in USDJPY, USDCAD, EURCAD, and GBPJPY on the daily timeframe, but I'll wait for confirmed closes above resistance before taking action.
Gold structure suggests a measured bullish continuation
Daily structure on XAUUSD shows higher lows with room to extend toward key resistance. I see a balanced risk/reward for longs here.