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With the Moving Average condition of "Death Cross" on the daily chart of the NZD/CHF Cross currency pair and the price movement moving within its weekly channel, it is clear that the bias of this currency pair is in Bearish condition even so with the appearance of hidden deviations from the osMA indicator with movements the price implies that in a few days there will be an upward correction to test the 0.5574 level to get the downside momentum back.   As long as this level is strong enough to halt the upward correction and as long as it doesn't break above the 0.5634 level then NZD/CHF will continue its decline.    

Even though The Lonnie's condition on the daily chart looks to be in a Ranging Sideways condition and is moving downwards on the daily chart, however by the appearance of hidden deviations between the osMA indicator and the USD/CAD pair's price movements gives a hint that in the next few days USD/CAD has the potential to rise above to test the 1.3508 level and as long as the upward correction does not exceed the 1.3584 level, USD/CAD will fall back down to test the 1.3333 and 1.3264 levels.    

With the appearance of the Bearish 123 pattern followed by the appearance of deviations between the #USDX price movement and the osMA indicator on the daily chart, then the probability of the USD Index in the next few days to fall down is quite large where the 103.35 level will be the main target to aim for and if this level is successfully broken downward then #USDX has the potential to fall down to test the 102.53-102.03 area as long as there is no upward movement that exceeds the 104.67 level because if this level is broken then all the downward scenarios that have been described will become invalid and cancel automatically.    

Technical Market Outlook: The EUR/USD pair has been seen bouncing from the local low made at the level of 1.0675 and so far the high of the bounce was made at the level of 1.0732. The intraday technical resistance is seen at 1.0780, so bulls need to break out above this level in order to continue higher. Any breakout below the level of 1.0675 would sustain the bearish outlook and put the level of 1.0636 for a test (swing low). The weak and negative momentum supports the short-term bearish outlook for EUR as the bulls are not able to move above the neutral level of fifty on the RSI indicator.     Weekly Pivot Points: WR3 - 1.07335 WR2 - 1.07121 WR1 - 1.06983 Weekly Pivot - 1.06907 WS1 - 1.06769 WS2 - 1.06693 WS3 - 1.06479   Trading Outlook: Since the beginning of October 2022 the EUR/USD is in the corrective cycle to the upside, but the main, long-term trend remains bearish. This corrective cycle might had been terminated at the level of 1.2080 which is 61% Fibonacci retracement level. The EUR had made a new multi-decade low at the level of 0.9538, so as long as the USD is being bought all across the board, the down trend will continue towards the new lows.  

Technical Market Outlook: The EUR/USD pair has been seen bouncing from the local low made at the level of 1.0675 and so far the high of the bounce was made at the level of 1.0732. The intraday technical resistance is seen at 1.0780, so bulls need to break out above this level in order to continue higher. Any breakout below the level of 1.0675 would sustain the bearish outlook and put the level of 1.0636 for a test (swing low). The weak and negative momentum supports the short-term bearish outlook for EUR as the bulls are not able to move above the neutral level of fifty on the RSI indicator.     Weekly Pivot Points: WR3 - 1.07335 WR2 - 1.07121 WR1 - 1.06983 Weekly Pivot - 1.06907 WS1 - 1.06769 WS2 - 1.06693 WS3 - 1.06479   Trading Outlook: Since the beginning of October 2022 the EUR/USD is in the corrective cycle to the upside, but the main, long-term trend remains bearish. This corrective cycle might had been terminated at the level of 1.2080 which is 61% Fibonacci retracement level. The EUR had made a new multi-decade low at the level of 0.9538, so as long as the USD is being bought all across the board, the down trend will continue towards the new lows.  

Analysis of transactions and tips for trading EUR/USD The test of 1.0929 on Monday afternoon, coinciding with the significant rise of the MACD line from zero, limited the upward potential of the pair. The Bundesbank report dealt no impact on market sentiment yesterday, allowing EUR/USD to rise, albeit briefly.     This momentum may extend to today as the data on ECB's balance of payments will not affect the pair's direction, while the speech of ECB Vice President Luis de Guindos, which will undoubtedly maintain a hawkish tone, will sustain demand for euro even under current conditions. Market volatility will most likely return today.     For long positions: Buy when euro hits 1.0935 (green line on the chart) and take profit at the price of 1.0964. Although a strong growth may not appear today, buyers will start returning to the market, leading to the strengthening of the pair. However, when buying, traders should make sure that the MACD line lies above zero or rises from it. Euro can also be bought after two consecutive price tests of 1.0911, but the MACD line should be in the oversold area as only by that will the market reverse to 1.0935 and 1.0964.   For short positions: Sell when euro reaches 1.0911 (red line on the chart) and take profit at the price of 1.0878. Pressure may return in the event of inactivity at the daily highs. However, when selling, traders should make sure that the MACD line lies below zero or drops down from it. Euro can also be sold after two consecutive price tests of 1.0935, but the MACD line should be in the overbought area as only by that will the market reverse to 1.0911 and 1.0878.   What's on the chart: Thin green line - entry price at which you can buy EUR/USD Thick green line - estimated price where you can set Take-Profit (TP) or manually fix profits, as further growth above this level is unlikely. Thin red line - entry price at which you can sell EUR/USD Thick red line - estimated price where you can set Take-Profit (TP) or manually fix profits, as further decline below this level is unlikely. MACD line- it is important to be guided by overbought and oversold areas when entering the market   Important: Novice traders need to be very careful when making decisions about entering the market. Before the release of important reports, it is best to stay out of the market to avoid being caught in sharp fluctuations in the rate. If you decide to trade during the release of news, then always place stop orders to minimize losses. Without placing stop orders, you can very quickly lose your entire deposit, especially if you do not use money management and trade large volumes. And remember that for successful trading, you need to have a clear trading plan. Spontaneous trading decision based on the current market situation is an inherently losing strategy for an intraday trader.  

The market may move upward from the level of 1.0905 (closing of yesterday's daily candle) to test 1.0986, the 76.4% pullback level (red dotted line). Upon testing this level, a downward movement is possible with the target of 1.0958, the 23.6% pullback level (yellow dotted line). In case of testing this level, the price may move up.   General conclusion:   Today, the price may move upward from the level of 1.0905 (closing of yesterday's daily candle) to test 1.0986, the 76.4% pullback level (red dotted line). Upon testing this level, a downward movement is possible with the target of 1.0958, the 23.6% pullback level (yellow dotted line). In case of testing this level, the price may move up. Alternatively, the price may move upward from the level of 1.0905 (closing of yesterday's daily candle) to test 1.0958, the 23.6% pullback level (yellow dotted line). Upon testing this level, a downward movement is possible with the target of 1.0930, the historical support level (blue dotted line).  

The test of 1.0975 on Tuesday afternoon, coinciding with the time when the MACD line was in the overbought area, prompted a sell signal that resulted in a price decrease of around 30 pips. Lending data in the eurozone and speeches from ECB members may maintain demand for euro and continue its upward trend.   Good indicators on M3 money supply aggregate and private sector lending volume in the eurozone may also lead to a new surge in prices. Similarly, hawkish remarks by ECB President Christine Lagarde, pointing out potential further aggressive actions on the central bank's balance sheet, will also strengthen demand for euro.   For long positions: Buy when euro hits 1.0958 (green line on the chart) and take profit at the price of 1.0995. An upward movement will continue if lending in the eurozone remains at a normal level, allowing the ECB to raise rates without problems. However, when buying, traders should make sure that the MACD line lies above zero or rises from it. Euro can also be bought after two consecutive price tests of 1.0935, but the MACD line should be in the oversold area as only by that will the market reverse to 1.0958 and 1.0995.   For short positions: Sell when euro reaches 1.0935 (red line on the chart) and take profit at the price of 1.0903. Pressure will return in case of poor statistics from the eurozone. However, when selling, traders should make sure that the MACD line lies below zero or drops down from it. Euro can also be sold after two consecutive price tests of 1.0958, but the MACD line should be in the overbought area as only by that will the market reverse to 1.0935 and 1.0903.     What's on the chart: Thin green line - entry price at which you can buy EUR/USD Thick green line - estimated price where you can set Take-Profit (TP) or manually fix profits, as further growth above this level is unlikely. Thin red line - entry price at which you can sell EUR/USD Thick red line - estimated price where you can set Take-Profit (TP) or manually fix profits, as further decline below this level is unlikely. MACD line- it is important to be guided by overbought and oversold areas when entering the market     Important: Novice traders need to be very careful when making decisions about entering the market. Before the release of important reports, it is best to stay out of the market to avoid being caught in sharp fluctuations in the rate. If you decide to trade during the release of news, then always place stop orders to minimize losses. Without placing stop orders, you can very quickly lose your entire deposit, especially if you do not use money management and trade large volumes. And remember that for successful trading, you need to have a clear trading plan. Spontaneous trading decision based on the current market situation is an inherently losing strategy for an intraday trader.    

The test of 1.2942, coinciding with the decline of the MACD line from zero, prompted a sell signal that led to a price decrease of around 20 pips. The latest CPI data in the US lies ahead, and this will likely cause market players to review their positions on risky assets. Demand for pound may drop, which could lead to a decline in GBP/USD. There will be an increase only when inflation drops more than expected. Markets will also pay attention to the speeches of FOMC members Neel Kashkari and Raphael Bostic.   For long positions: Buy when pound hits 1.2946 (green line on the chart) and take profit at the price of 1.3014 (thicker green line on the chart). Further growth will be seen in the case of weak US inflation data. However, when buying, make sure that the MACD line lies above zero or rises from it. Pound can also be bought after two consecutive price tests of 1.2895, but the MACD line should be in the oversold area as only by that will the market reverse to 1.2946 and 1.3014.     For short positions: Sell when pound reaches 1.2895 (red line on the chart) and take profit at the price of 1.2844. Pressure will increase in the event of further growth in US inflation. However, when selling, make sure that the MACD line lies below zero or drops down from it. Pound can also be sold after two consecutive price tests of 1.2946, but the MACD line should be in the overbought area as only by that will the market reverse to 1.2895 and 1.2844.         What's on the chart: Thin green line - entry price at which you can buy GBP/USD Thick green line - estimated price where you can set Take-Profit (TP) or manually fix profits, as further growth above this level is unlikely. Thin red line - entry price at which you can sell GBP/USD Thick red line - estimated price where you can set Take-Profit (TP) or manually fix profits, as further decline below this level is unlikely. MACD line- it is important to be guided by overbought and oversold areas when entering the market     Important: Novice traders need to be very careful when making decisions about entering the market. Before the release of important reports, it is best to stay out of the market to avoid being caught in sharp fluctuations in the rate. If you decide to trade during the release of news, then always place stop orders to minimize losses. Without placing stop orders, you can very quickly lose your entire deposit, especially if you do not use money management and trade large volumes. And remember that for successful trading, you need to have a clear trading plan. Spontaneous trading decision based on the current market situation is an inherently losing strategy for an intraday trader.  

Analysis of transactions and tips for trading GBP/USD Further decline became limited as the test of 1.2940, which happened on Thursday afternoon, coincided with the sharp drop of the MACD line from zero. No other market signal appeared for the rest of the day. Strong GDP data from the US triggered a massive sell-off in GBP/USD, which may continue today if similar positive statistics about the US economy come out. Market players will also not see any reason to buy pound during the European session.     For long positions: Buy when pound hits 1.2822 (green line on the chart) and take profit at the price of 1.2870 (thicker green line on the chart). An upward correction may occur briefly during the weekend.   However, when buying, ensure that the MACD line lies above zero or rises from it. Pound can also be bought after two consecutive price tests of 1.2774, but the MACD line should be in the oversold area as only by that will the market reverse to 1.2822 and 1.2870. For short positions: Sell when pound reaches 1.2774 (red line on the chart) and take profit at the price of 1.2706 Pressure will persist in the case of unsuccessful attempts to break through the daily high.   However, when selling, ensure that the MACD line lies below zero or drops down from it. Pound can also be sold after two consecutive price tests of 1.2822, but the MACD line should be in the overbought area as only by that will the market reverse to 1.2774 and 1.2706.     What's on the chart: Thin green line - entry price at which you can buy GBP/USD Thick green line - estimated price where you can set Take-Profit (TP) or manually fix profits, as further growth above this level is unlikely.   Thin red line - entry price at which you can sell GBP/USD Thick red line - estimated price where you can set Take-Profit (TP) or manually fix profits, as further decline below this level is unlikely. MACD line- it is important to be guided by overbought and oversold areas when entering the market Important: Novice traders need to be very careful when making decisions about entering the market.   Before the release of important reports, it is best to stay out of the market to avoid being caught in sharp fluctuations in the rate. If you decide to trade during the release of news, then always place stop orders to minimize losses. Without placing stop orders, you can very quickly lose your entire deposit, especially if you do not use money management and trade large volumes.   And remember that for successful trading, you need to have a clear trading plan. Spontaneous trading decision based on the current market situation is an inherently losing strategy for an intraday trader.    

Analysis of transactions and tips for trading GBP/USD The test of 1.2720 on Friday afternoon, coinciding with the rise of the MACD line from zero, prompted a buy signal that led to a price increase of around 50 pips.   Weak data on the US labor market led to a sharp rise in GBP/USD. However, this did not last long, as already during today's Asian session, the pair fell, compensating for most of Friday's growth. In addition, buyers should not expect much today because only good data on the UK housing price index and confident defense of the level of 1.2705 will there be chances of a rally. For long positions: Buy when pound hits 1.2736 (green line on the chart) and take profit at the price of 1.2772 (thicker green line on the chart). Growth may occur. However, when buying, ensure that the MACD line lies above zero or rises from it. Pound can also be bought after two consecutive price tests of 1.2705, but the MACD line should be in the oversold area as only by that will the market reverse to 1.2736 and 1.2772. For short positions: Sell when pound reaches 1.2705 (red line on the chart) and take profit at the price of 1.2673. Pressure will increase with weak data and inactivity around 1.2705. However, when selling, ensure that the MACD line lies below zero or drops down from it. Pound can also be sold after two consecutive price tests of 1.2736, but the MACD line should be in the overbought area as only by that will the market reverse to 1.2705 and 1.2673.   What's on the chart: Thin green line - entry price at which you can buy GBP/USD Thick green line - estimated price where you can set Take-Profit (TP) or manually fix profits, as further growth above this level is unlikely. Thin red line - entry price at which you can sell GBP/USD Thick red line - estimated price where you can set Take-Profit (TP) or manually fix profits, as further decline below this level is unlikely. MACD line- it is important to be guided by overbought and oversold areas when entering the market   Important: Novice traders need to be very careful when making decisions about entering the market. Before the release of important reports, it is best to stay out of the market to avoid being caught in sharp fluctuations in the rate. If you decide to trade during the release of news, then always place stop orders to minimize losses. Without placing stop orders, you can very quickly lose your entire deposit, especially if you do not use money management and trade large volumes.   And remember that for successful trading, you need to have a clear trading plan. Spontaneous trading decision based on the current market situation is an inherently losing strategy for an intraday trader.    

Analysis of transactions and tips for trading GBP/USD The test of 1.2720 on Friday afternoon, coinciding with the rise of the MACD line from zero, prompted a buy signal that led to a price increase of around 50 pips.     Weak data on the US labor market led to a sharp rise in GBP/USD. However, this did not last long, as already during today's Asian session, the pair fell, compensating for most of Friday's growth. In addition, buyers should not expect much today because only good data on the UK housing price index and confident defense of the level of 1.2705 will there be chances of a rally. For long positions: Buy when pound hits 1.2736 (green line on the chart) and take profit at the price of 1.2772 (thicker green line on the chart). Growth may occur. However, when buying, ensure that the MACD line lies above zero or rises from it. Pound can also be bought after two consecutive price tests of 1.2705, but the MACD line should be in the oversold area as only by that will the market reverse to 1.2736 and 1.2772. For short positions: Sell when pound reaches 1.2705 (red line on the chart) and take profit at the price of 1.2673. Pressure will increase with weak data and inactivity around 1.2705. However, when selling, ensure that the MACD line lies below zero or drops down from it. Pound can also be sold after two consecutive price tests of 1.2736, but the MACD line should be in the overbought area as only by that will the market reverse to 1.2705 and 1.2673.   What's on the chart: Thin green line - entry price at which you can buy GBP/USD Thick green line - estimated price where you can set Take-Profit (TP) or manually fix profits, as further growth above this level is unlikely. Thin red line - entry price at which you can sell GBP/USD Thick red line - estimated price where you can set Take-Profit (TP) or manually fix profits, as further decline below this level is unlikely. MACD line- it is important to be guided by overbought and oversold areas when entering the market   Important: Novice traders need to be very careful when making decisions about entering the market. Before the release of important reports, it is best to stay out of the market to avoid being caught in sharp fluctuations in the rate. If you decide to trade during the release of news, then always place stop orders to minimize losses. Without placing stop orders, you can very quickly lose your entire deposit, especially if you do not use money management and trade large volumes. And remember that for successful trading, you need to have a clear trading plan. Spontaneous trading decision based on the current market situation is an inherently losing strategy for an intraday trader.    

Analysis of transactions and tips for trading EUR/USD The test of 1.0961 on Friday afternoon, coinciding with the rise of the MACD line from zero, prompted a buy signal that led to a price increase of over 40 pips.     Reports on the volume of orders in Germany and industrial output in France and Italy did not help euro rise last Friday. However, weak data on the US labor market favored bullish traders, leading to a sharp increase in EUR/USD during the US trading session. Today, pressure may return on the pair, unless the data on industrial production in Germany and investor confidence in the eurozone show very good values. Although disappointing reports will continue the pair's decline, a lower-priced euro will certainly attract more buyers.   For long positions: Buy when euro hits 1.0989 (green line on the chart) and take profit at the price of 1.1035. Bullish traders will return to the market in the event of very good reports on the eurozone. However, before buying, ensure that the MACD line lies above zero or just starting to rise from it. Euro can also be bought after two consecutive price tests of 1.0960, but the MACD line should be in the oversold area as only by that will the market reverse to 1.0989 and 1.1035   For short positions: Sell when euro reaches 1.0960 (red line on the chart) and take profit at the price of 1.0919. Pressure will intensify in the case of weak data from the eurozone. However, before selling, ensure that the MACD line lies below zero or drops down from it. Euro can also be sold after two consecutive price tests of 1.0989, but the MACD line should be in the overbought area as only by that will the market reverse to 1.0960 and 1.0919.     What's on the chart: Thin green line - entry price at which you can buy EUR/USD Thick green line - estimated price where you can set Take-Profit (TP) or manually fix profits, as further growth above this level is unlikely. Thin red line - entry price at which you can sell EUR/USD Thick red line - estimated price where you can set Take-Profit (TP) or manually fix profits, as further decline below this level is unlikely.   MACD line- it is important to be guided by overbought and oversold areas when entering the market Important: Novice traders need to be very careful when making decisions about entering the market. Before the release of important reports, it is best to stay out of the market to avoid being caught in sharp fluctuations in the rate. If you decide to trade during the release of news, then always place stop orders to minimize losses. Without placing stop orders, you can very quickly lose your entire deposit, especially if you do not use money management and trade large volumes. And remember that for successful trading, you need to have a clear trading plan. Spontaneous trading decision based on the current market situation is an inherently losing strategy for an intraday trader.    

Buyer liquidity began to accumulate behind the very important extreme for buyers in EUR/USD located at 1.08340.   In fact, on the M15 timeframe, a breakdown occurred around the level of 1.09.   Market players can take this opportunity to open short positions at the test of 1.0930, with stop-loss placed at 1.09200 and take-profit set upon the breakdown of 1.08350. The trading idea came from the framework of the "Price Action" and "Stop Hunting" strategies. Good luck in trading and don't forget to control the risks! Have a nice day.