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USDCHF MULTI TIME FRAME ANALYSISHello 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.
Short
by okako_trading
Weakening of the USD: Will EUR/USD continue its uptrend?Hello everyone, Alisa here! Today, let’s analyze the EUR/USD currency pair together! The weakening of the Greenback, amidst growing speculation about a significant rate cut by the U.S. Federal Reserve (Fed) in November, has strongly supported the EUR/USD pair, pushing it up to 1.1193. Looking at the technical chart, we can see that both the EMA 34 and EMA 89 have experienced a crossover, which is a positive sign that the uptrend may continue. Additionally, with support at 1.115, this pair could break through the resistance at 1.119 and continue to rise. However, if it fails to break this resistance level, the price may reverse back to the nearest support level. This is my opinion, what about you? Do you think this pair will rise or fall?
by Alisa_Rokosz
EMAs Support Bullish MomentumEUR/USD is showing signs of recovery, with the price trading near the resistance at 1.1200. The 34 EMA and 89 EMA have both undergone a crossover phase, which is usually a positive signal, suggesting that the bullish momentum could continue. The current chart shows the pair breaking out from lower levels, heading towards the resistance levels above. Based on the current EUR/USD chart and the bounce from recent support levels, the prediction is that the pair could continue to rise in the short term. The crossover of the 34 EMA and 89 EMA, coupled with the price currently testing the resistance zone around 1.1200, suggests that the bullish momentum could continue. If the price successfully breaks above 1.1200, the next target could be the 1.1250 area.
by Alexander_FXTrading
GBPUSD: Overbought RSI, key resistance test buyersGBPUSD bulls are pausing at their highest level since February 2020, marking six days of gains despite a slow market atmosphere. That said, the Pound Sterling is facing a liquidity squeeze as we approach key data and events this week, which could impact its upward momentum at these multi-month highs. Pullback appears imminent but bulls can keep the reins Apart from the market’s anxiety ahead of this week’s key catalysts, the overbought RSI (14) line and a 10-week-old ascending resistance line, close to 1.3430 at the latest, suggest consolidation in the GBPUSD prices. Important technical levels A pullback in GBPUSD seems likely, with key short-term support levels at the 61.8% and 50.0% Fibonacci extensions of the quote’s August-September moves, respectively near 1.3375 and 1.3300. However, the previous monthly high near 1.3265 and the 21-SMA at 1.3190 are important, as they align with the bottom of a bearish wedge pattern near 1.3140, which could act as a final defense for buyers. On the flip side, for buyers to regain control, they need to break through the 1.3440 resistance. If they succeed, GBPUSD could target the February 2022 peak of around 1.3645 and the 2022 high of 1.3748. A sustained move above 1.3750 could even lead to a challenge of the psychological level at 1.4000. All eyes on US data/events Technical indicators for GBPUSD suggest a pullback may be on the horizon, even as recent U.S. factors favor ongoing Federal Reserve rate cuts throughout 2024. Therefore, key insights from Fed Chairman Jerome Powell’s speech on Thursday and the U.S. Core PCE Price Index— the Fed’s preferred measure of inflation—on Friday will be vital for determining the market's direction.
by MTradingGlobal
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
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