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GBPAUD H4 ForecastHi H4 structure still looks bullish. H4 counter trend was bearish and now switched to bullish. So H4 pro trend is bullish and counter trend is also bullish. Once red zone broken then we will buy at retest level or if you want to buy with confirmation and looking for better RR then go to LTF and find good confirmation and then BUY. Note : - Entry only after IDM taken out - BUY with LTF confirmation - ALWAYS TAKE 1% risk per trade. - Use Risk management and trade accordingly
Long
by TradingPoint_
BoJ Delays Rate Hike, Japanese Yen Faces Downward PressureHow's everyone's Tuesday going? Today, let's join Alisa in predicting how the USD/JPY pair is moving. The Japanese Yen is facing significant downward pressure, primarily due to market concerns that the Bank of Japan (BoJ) is not in a hurry to raise interest rates. Additionally, although the Yen remains more stable against the USD, expectations of the Fed cutting interest rates are also contributing to the Yen's weakness. According to the technical chart, if the price fails to break through the resistance level of 144.290 USD/JPY, it is likely to correct down to the support zone at 143.290 USD/JPY. Traders should be cautious and set appropriate stop-loss orders to mitigate risk. These are Alisa’s thoughts. Do you agree with me?
by Alisa_Rokosz
USDJPY: Bears have strong reasons to regain controlAs Yen traders return from a long weekend, the USDJPY is testing its recent dip from a five-week-old downward resistance line, influenced by a rebound in the US Dollar. It’s worth noting that the quote’s recovery in the last week benefited from positive signals from the RSI and MACD indicators, bouncing back from a nine-month horizontal support zone. Sellers keep the reins While USDJPY buyers are making their presence felt, a bearish RSI divergence and a moving average crossover, combined with the resistance line, keep sellers optimistic about potential downward moves. The 100-day Exponential Moving Average (EMA) has crossed below the 200-EMA, signaling a bearish trend. Additionally, the higher high on the indicator contrasts with the lower high in prices, reinforcing the bearish RSI divergence. Key technical levels to watch Sellers will gain confidence if USDJPY breaks below a seven-week horizontal support area around 141.70-80. However, the lows from December 2023 and September 2024 pose a challenge for bears at 140.20-139.60. If the pair drops below 139.60, it could test the mid-2023 low near 137.30. On the flip side, buyers will initially target the falling resistance line around 144.25. If successful, they may then aim for the monthly high and late August peak near 147.20 and 149.40, respectively. Additionally, the 150.00 level acts as an important barrier for any upward movement. Bulls face more challenges than bears Whether through technical signals or the differing monetary policies of the Bank of Japan (BoJ) and the US Federal Reserve (Fed), USDJPY sellers face a relatively smoother journey compared to buyers.
by MTradingGlobal
Disappointing PMI Data: EUR/USD Loses Upward MomentumHello everyone, it's Alisa here. Today, let's explore how the EUR/USD currency pair is fluctuating! The EUR/USD pair has ended its upward momentum, continuing to decline today. This drop occurred after the release of PMI data, which showed that economic activity in the Eurozone is slowing down, while the U.S. data was only slightly better. On the 1-hour chart, the pair might gain upward momentum from the support level at 1.109. However, it is likely to soon reverse due to resistance around 1.113, along with confirmation of a reversal by the EMA 34 and 89. Therefore, the downtrend could continue. That’s Alisa’s analysis. What about you? What do you think?
by Alisa_Rokosz
USD/JPY: The Battle Between Resistance and SupportUSD/JPY is "battling" around the 143.695 level, with a significant "challenge" at 144.435 and a key "support" at 142.053. The EMA 34 and EMA 89 are acting as "shields" for the current trend. The RSI indicator at 58.71 suggests a balanced market, but a major move could be on the horizon. If the resistance at 144.435 isn't broken, USD/JPY could reverse and pull back towards 142.053. In terms of news: The Japanese Yen has depreciated, possibly due to weak trading conditions during Monday's holiday. BoJ Governor Ueda stated that the central bank will continue adjusting the degree of monetary easing as needed.
by Romio_pro
GJ Key Resistance at 193 – Potential for a Short-Term PullbackThe GBP/JPY (GJ) currency pair has been riding a strong bullish trend over the past weeks, but we are currently approaching a crucial technical level around the 193.00 mark. This level has acted as a significant resistance zone in the past, and recent price action suggests that we could see a potential rejection here, leading to a short-term correction. Key Technical Factors Historical Resistance at 193.00: Looking at the higher timeframes (daily and 4H charts), we can clearly see that the 193.00 level has acted as a strong resistance in the past. The price has tested this zone multiple times without being able to break above it sustainably. With GBP/JPY now retesting this area, the probability of a pullback increases, especially given the overextended bullish momentum. Bearish Divergence: On the 4H chart, there are signs of bearish RSI divergence. While the price has been making higher highs, the RSI is showing lower highs, indicating weakening momentum. This divergence often precedes price reversals or corrections. Fibonacci Retracement Levels: If we take the latest leg of the bullish move from the 187.50 region up to the current high at 193.00, we see that the 50% Fibonacci retracement level sits around 190.25. This could serve as a key support area if the price corrects from the resistance. Psychological Resistance: The 193.00 level also holds psychological significance as traders may be locking in profits, especially after such a strong bullish rally. Coupled with potential profit-taking, the combination of technical and psychological factors strengthens the case for a pullback. Potential Trading Strategy Given these confluences, a short trade could be considered from around the 193.00 level, targeting lower Fibonacci retracement levels for profit-taking. Here's a potential strategy: Entry: Around 193.00 resistance. Take Profit Levels: 191.00 (initial support zone) 190.25 (50% Fibonacci retracement) Stop Loss: Above the previous high at 194.00 to manage risk. This trade idea aligns with the expectation that the market may see a healthy correction before deciding whether to break through the resistance or continue consolidating. Key Risk Considerations Fundamental Factors: Traders should keep an eye on key economic events and news affecting GBP and JPY, such as Bank of England statements or risk sentiment in global markets. Strong bullish news could invalidate this technical setup. Breakout Possibility: If the price breaks above the 193.00 resistance with strong momentum and volume, the bearish outlook could be invalidated. In this case, waiting for a confirmed breakout and retest before re-entering the market would be more prudent. OANDA:GBPJPY FX:GBPJPY FOREXCOM:GBPJPY
Short
by Trading_Zone_3773
GBPJPY SHOWING A GOOD UP MOVE WITH 1:7 RISK REWARDGBPJPYSHOWING A GOOD UP MOVE WITH 1: 7 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
Long
by tradergyan01
1
NZDCAD MULTI TIME FRAME ANALYSIS Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
Long
by okako_trading
USD/JPY Braces for a Major Turnaround from the FedUSD/JPY is in a tense phase as it trades at 142.48, close to the key descending resistance line. After failing to break through the 143.569 resistance level, the pair is sliding down, like a car rolling downhill, aiming for 141.269. But is this the final stop? If USD/JPY cannot hold at 141.269, we might witness a further drop, potentially sliding down to the deeper support level at 139.786. With the market heating up ahead of the Fed meeting, uncertainty is on the rise. Traders are holding their breath — will the upcoming Fed meeting provide a push to lift this pair, or will it intensify the downward trend? Get ready for some potential market "shocks"!
Short
by Romio_pro
EURUSD: Will the price rise or fall today?Hello everyone, today let’s reflect on the movements of EURUSD together with Alisa! Thanks to the weakening US dollar, EURUSD has seen an increase. However, with recent market fluctuations, investors need to be more cautious about the signals that might impact this currency pair. When observing the chart, EURUSD’s trend is still on the rise. Although there is a slight decline near the peak at 1.115, this shouldn't be an issue. If support is found around 1.112, the pair could resume its upward momentum and possibly break through the target level of 1.120. That’s Alisa’s perspective! Do you agree with me?
by Alisa_Rokosz
EUR/USD: Breakout or Pullback Amid Volatility?EUR/USD is "hovering" around 1.11636, with a significant "barrier" at 1.11826 and a key "support" at 1.11034. The widening Bollinger Bands signal that a wave of volatility could strike at any moment. RSI is at 59.09, indicating strong buying pressure, but still has room before entering overbought territory. If EUR/USD breaks past 1.11826, it could continue its upward surge, but failure to do so might lead to a pullback towards 1.11034. The "winds" of inflation data and interest rates from the Eurozone and the US will shape the next move!
by Romio_pro
BOJ keeps rates unchanged, will USD/JPY rise or fall? Hello everyone, I’m Alisa. Today, I will share some insights about USD/JPY. After a two-day policy meeting concluded today, the Bank of Japan (BOJ) maintained its key interest rate at 0.25%, leading to little movement in USD/JPY prices. Looking at the chart, the EMA line remains stable with no signs of reversal. Therefore, USD/JPY is expected to maintain its trend. If resistance at 143.820 holds, the pair may drop to 141.818 or potentially 139.323. If my prediction holds, sellers will benefit. What do you think? Do you agree with Alisa?
by Alisa_Rokosz
AUD/USD: Resistance Barrier and Breakout OpportunityAUD/USD is steadily climbing on its upward path, with a solid "wall" of support at 0.67365, well "guarded" by the EMA 89 and EMA 34. However, the biggest "obstacle" lies at the 0.68310 level – if it can't break through, the market might see a strong correction back to support. But if this level is breached with sufficient momentum, the sky could open up for further gains. Key factors like interest rates and inflation from the US and Australia will be the "big waves" impacting this trend. This is the time for traders to watch for clear market signals: sell if resistance holds or buy during a strong pullback to support!
by Romio_pro
Will the EUR/USD price surge in the near future?Hello everyone, I’m Alisa. Today, let’s predict the movement of the EUR/USD price. Although last Thursday, the U.S. Department of Labor showed positive signs with a decrease in jobless claims, the USD continued to decline after the Fed meeting on September 19th. This has impacted and allowed EUR/USD to rise higher. Looking at the chart, we can see that the price within the price channel is trending upward. However, I believe it could still make a downward correction. But this is nothing to worry about, as with the support level at 1.111, we can expect the price to reverse and rise again. What about you? What do you think?
by Alisa_Rokosz