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GBPUSD today GBP/USD remains stable within its channel range, fluctuating around the EMA zone. Despite the higher U.S. Treasury yields, the pair has edged slightly higher as the U.S. Dollar corrected after breaking a four-day winning streak. The market's focus now shifts to U.S. PPI data and jobless claims reports. In the meantime, aim for key levels at both bounds of the channel and strategize your buy or sell positions accordingly. Keep a close watch on this pair's movements. Good luck!
by Ryu_Axel
1
The Japanese Yen Trims Part of Weekly Losses Against USDUSD/JPY maintains its upward trend as the JPY only partially trims its weekly losses against the USD, despite the dollar’s slight recent weakness. The JPY's gains are limited by uncertainty surrounding a potential BoJ rate hike in December and a risk-on market sentiment, while expectations of a hawkish Fed continue to support the USD, driving the pair higher. On the 4-hour chart, USD/JPY is trading steadily above the EMA 34 and EMA 89 levels at 151.36-151.60, which serve as key dynamic supports. The price might consolidate in this zone before rebounding to test the resistance at 152.50. If this resistance is broken, the next target will be the 153.98 zone. Conversely, a break below 151.50 could push the pair toward deeper support at 151.00 before resuming its upward trend. With technical indicators still favoring the bullish trend and trading volume increasing near resistance levels, USD/JPY is likely to maintain its bullish momentum. The short-term target is 152.50, with a broader aim at 153.98. Traders should closely monitor key support and resistance levels to optimize their trading strategies.
Long
by Sophi-A
EURUSD Next possible move SAXO:EURUSD Title "EUR/USD Intraday Analysis: Sell Bias Persists | Dollar Dominance Resumes" Market Context "EUR/USD remains under pressure as the U.S. dollar regains strength amid hawkish Federal Reserve expectations. Lingering concerns over Eurozone economic growth further weigh on the pair, favoring a bearish bias." Technical Analysis *"Today’s sell entry is supported by the following bearish signals: Trend Structure: The pair continues to form lower highs and lower lows, confirming the downtrend. EMA Dynamics: Price trades below the 20 and 50 EMAs, signaling sustained bearish momentum. RSI: Falling toward 40, highlighting increased selling pressure. MACD: Negative histogram bars are expanding, reinforcing the bearish outlook. Key Levels: Support: 1.0480 (intraday), 1.0450 (next key level). Resistance: 1.0520 (intraday), 1.0550 (critical barrier). A move above 1.0550 would negate the bearish bias."* News Context "Upcoming: U.S. ISM Services PMI data could provide fresh directional cues. Previous: Friday’s strong NFP report boosted the dollar, keeping EUR/USD under pressure." Call to Action "Will EUR/USD continue its slide, or could support levels trigger a reversal? Share your thoughts and strategies below!"
Short
by RBSBALA
EURUSD is currently in a downtrend channelOn the chart, the EURUSD pair is currently trading in a downtrend channel. In addition, the EMA 89 is currently above the EMA 34, which shows that the short-term downtrend is dominant, especially in the context of the USD being supported by recent positive economic data. Personally, I see that the short-term trend is still down. In the coming time, if this currency pair breaks out of the 1.04500 level, it will fall to the next target around 1.04000.
by luxubu_trader
GBP/NZD Trade Analysis (Sell Position)GBP/NZD Trade Analysis (Sell Position) Technical Analysis: Trend Analysis: GBP/NZD shows a rejection near the 2.21279 resistance level (highlighted in red), indicating bearish momentum. The pair has broken a short-term upward rally, signaling potential trend reversal. Support & Resistance: Resistance Zone: 2.2100–2.2130 (red rectangle), which aligns with the recent rejection. Support Levels (Take-Profit Zones): 1st Target: 2.1463 2nd Target: 2.1184 3rd Target: 2.0547 (Key support on the chart). Fundamental Analysis: GBP Sentiment: The UK economy faces challenges such as high inflation and uncertain growth amid the Bank of England's cautious stance on rate hikes. Recent data may show stagnation in the UK, which weakens the GBP. NZD Sentiment: The Reserve Bank of New Zealand (RBNZ) has paused interest rate hikes but retains a relatively hawkish tone compared to other central banks. Improved commodity exports (dairy and agriculture) strengthen the NZD. Key Factors to Watch: UK economic data: Inflation, GDP, and labor market conditions. New Zealand’s trade balance and commodity prices. Risk sentiment: A risk-off environment typically supports the NZD over GBP. Trade Summary: Trade Direction: Sell Entry Level: Current price (~2.19175) Stop-Loss: Above 2.2130 Take-Profit Targets: TP1: 2.1463 TP2: 2.1184 TP3: 2.0547 This setup combines technical rejection at resistance with bearish GBP fundamentals and resilient NZD support. Keep an eye on macroeconomic events for confirmation
Short
by JORTOW
USD/JPY 15-Minute Chart AnalysisKey Observations: Price Action: The price is testing a strong resistance zone around 153.070. This level has been retested multiple times, showing significant seller activity. Support Zones: 152.700–152.800: A strong demand zone where buyers have stepped in previously. 152.200–152.300: A lower demand zone providing a strong floor in case of further declines. Resistance Zone: The highlighted resistance zone at 153.070–153.150 has capped price movements several times. Potential Scenarios: Bullish Breakout: If the price breaks convincingly above 153.150, it may head towards higher levels around 153.740 or beyond. Look for a retest of the resistance zone to confirm the breakout. Rejection and Reversal: Trading Plan: Entry (Buy): Above 153.10 after a breakout confirmation. Stop loss and Target are given in the chart Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Always conduct your own research and consult a financial advisor before making investment decisions. Trade responsibly.
Long
by PhD_Swingtrader
GBP/USD Tests Key Support ZoneCurrently, the GBP/USD pair is trading around 1.2763, up 0.10% from the previous session. The British pound gained against the US dollar after the release of upbeat economic data from the UK. Specifically, the UK GDP grew by 0.2% in August, in line with market expectations. However, the US producer price index (PPI) in September rose more than expected, putting pressure on the pound. Technically, the GBP/USD has moved above the 25-period moving average and the Ichimoku cloud, indicating a short-term bullish trend. However, indicators such as the RSI and MACD have formed bearish divergence patterns, warning of a possible correction in the near future
by luxubu_trader
USD/JPY Extends Uptrend, Targeting Resistance at 154.40USD/JPY continues its uptrend, trading around 152.90 after JPY hit a two-week low. The weakness in JPY, driven by fading expectations of a BoJ rate hike and rising U.S. bond yields, continues to bolster USD strength. On the 4-hour chart, USD/JPY maintains a stable upward trend with consecutive higher highs and lows. The EMA 34 and EMA 89 levels at 151.72 and 151.60, respectively, serve as strong dynamic supports, while the nearest support at 151.90 is a crucial level for sustaining bullish momentum. If the price holds above this area, USD/JPY could extend its rise, testing the key resistance at 154.40. A breakout above this resistance could pave the way for the next target at 155.00. Conversely, a break below 151.70 may trigger selling pressure, pushing the price down to 151.00 before a potential rebound. With upward-sloping EMAs and strong buying interest near support zones, the bullish outlook remains dominant. Traders should closely monitor fundamental factors like BoJ policies and U.S. economic data for further direction.
Long
by Thaco_
EUR/USD Remains Within Downward ChannelOn the 1-hour chart, EUR/USD is trading around 1.0462, remaining within the downtrend channel that has been forming over the past few sessions. The RSI (14) is currently at 40.43, near oversold territory, indicating that bearish pressure remains but a short-term correction is possible. Short-term prediction I expect EUR/USD to continue trading within the downtrend channel, with the possibility of testing the support level at 1.0440. If this zone is broken, the price could continue to fall further. Conversely, a slight correction could see the price test the resistance level at 1.0485, but the possibility of breaking out of the downtrend channel is low in the short term.
by luxubu_trader
EUR/USD: Sideways Trend with Dominant Downward PressureEUR/USD continues to decline for the fifth consecutive day, trading below 1.0500, as the ECB’s 25-basis-point rate cut weakens the Euro, while the USD maintains its strength due to stable market sentiment. On the 1-hour chart, EUR/USD is moving within a clearly defined downward channel, with lower highs and lower lows. The current price is below the EMA 34 and EMA 89 at 1.0491 and 1.0511, reinforcing the bearish pressure. The nearest support lies in the 1.0450-1.0440 range, where the price may temporarily find buying interest before continuing its decline. If this level is breached, the next target would be 1.0420. Conversely, the key resistance level is at 1.0498, aligned with the upper boundary of the descending channel. A breakout above this level could trigger a short-term rebound, although this scenario seems less likely under the current conditions. Traders should closely monitor key support and resistance levels to optimize their strategies, as the dominant outlook remains bearish.
Short
by Thaco_
EUR/USD decreased before the ECB interest rate callThe EUR/USD exchange rate fell in the fourth day in a row, it took 0.25 percent and dropped to 1,0500 when deciding the latest interest rates of the European Central Bank still put pressure on the delivery houses. Fiber translation. Today EURUSD broke under the EMA 89 at 1,05466, with EMA 34 at 1.05294 played an important role in the dynamic resistance. It is expected that after EURUSD touches the resistance of 1,05145, it will continue to be maintained. The nearest support is still at 1,04780, an important psychological area, if this level is broken, the money pair can decrease deeper to 1,04200. Traders should closely monitor the ECB interest rate information, and pay attention to the upcoming US CPI data, because this will be the decisive factor for the next trend.
Short
by Sophi-A