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EURUSD Awaits Rate Signals, Risk of Bullish ReversalInvestors are waiting for rate signals from the Fed as U.S. inflation remains high, while the ECB faces pressure to adjust rates due to the Eurozone's sluggish economy. The short-term downtrend in EURUSD is prevailing, confirmed by the EMA 34 crossing below the EMA 89, indicating growing selling pressure. The chart shows strong support around the 1.10630 level, where prices have bounced multiple times, creating a solid support zone. The resistance zone is around 1.11450, which is a potential target area if prices rebound from the support level. The RSI (14) is currently hovering around 36-38, suggesting the market is in an oversold state. This indicates a potential reversal or a short-term pullback. If the price holds the support at 1.10630 and shows a rebound signal, there is a possibility that EURUSD will retest the resistance at 1.11450.
Long
by Romio_pro
1
USDJPY Adjusts, Forms New Resistance, Awaiting Signals from BOJCurrently, USDJPY is adjusting after breaking out of a downward channel, creating a new resistance zone at 145.000 and showing signs of a potential reversal. The EMA 34 and EMA 89 lines are currently above the price, acting as dynamic resistance levels and applying downward pressure. The key support zone lies around 143.500. If the price drops to this level and strong buying pressure emerges, we can expect a potential rebound from here. Traders should closely monitor price action at key support and resistance levels. Entering buy or sell positions should be based on clear price action or technical signals. On the news front: The Japanese yen stabilized on Thursday after a strong rise earlier in the week, driven by bets that the Bank of Japan will further hike interest rates this year following a series of tightening signals from BOJ officials.
by Romio_pro
1
EURUSD Levels // 20 MinHello Everyone 👋 Current Price 1.0850: This is the latest price level, reflecting the current market sentiment. Resistance Levels 1.0880: The first resistance level, where selling pressure might increase. 1.0920: The second resistance level, indicating a stronger barrier for upward movement. 1.0980: The third resistance level, a significant hurdle for the bulls. Support Levels 1.0820: The first support level, where buying interest might emerge. 1.0780: The second support level, indicating a stronger floor for the price. 1.0740: The third support level, a critical point for the bears. Technical Indicators Moving Averages: The 50-day and 200-day moving averages can provide insights into the trend direction. Relative Strength Index (RSI): An RSI above 70 indicates overbought conditions, while below 30 indicates oversold conditions. MACD (Moving Average Convergence Divergence): This can help identify potential buy or sell signals. Market Sentiment Economic Data: Keep an eye on upcoming economic releases from the Eurozone and the US, such as GDP, employment data, and inflation reports. Geopolitical Events: Any significant geopolitical developments can impact the EUR/USD pair.
by SkyTradingZone
EURUSD LONGFOREXCOM:EURUSD 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 Smart Money 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... Keep trading Hustle hard Markets can be Unpredictable, research before trading. Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
Long
by Phinics
AUDJPY SHOWING A GOOD UP MOVE WITH 1:8 RISK REWARD CUP patternAUDJPY SHOWING A GOOD UP MOVE WITH 1:8 RISK REWARD DUE TO THESE REASON A. its following a CUP 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
4
EURUSD SHOWING A GOOD DOWN MOVE WITH 1:5 RISK REWARD PERFECT ONEEURUSD SHOWING A GOOD DOWN MOVE WITH 1:5 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
Short
by tradergyan01
USDJPY: Off 13-month-old support during short-term downtrendUSDJPY has bounced back from a key support level that’s been in place for 13 months but remains in a short-term downtrend. The pair faces resistance from this old support line, now turned resistance, and the 21-day moving average (SMA). USDJPY recovery appears unreal… Although USDJPY is recovering from significant trendline support of around 143.70, indicators like the RSI and MACD suggest a strong bullish trend may not be likely. Additionally, market uncertainty before upcoming Japanese economic data and the US Core PCE Price Index (a key inflation measure) adds to the uncertainty. Key technical levels to watch… USDJPY pair’s recovery appears less convincing unless it crosses the 200-SMA hurdle of 151.20. That said, the 21-SMA and the multi-month-old previous support line, respectively near 146.40 and 149.80, quickly followed by the 150.00 threshold, will challenge the buyers before giving them control. On the contrary, a daily closing beneath the 143.70 trend line support will direct the USDJPY bears toward the late 2023 bottom surrounding 140.45 and the 140.00 psychological magnet. In a case where the prices remain bearish past 140.00, an area comprising levels marked since March 2023, close to 137.90-70, will be the last defense of the buyers. What next? USDJPY is at a critical support level. A short-term bounce is possible, but the chance of further declines is higher unless the pair breaks through the 151.20 resistance.
by MTradingGlobal
GBPUSD view!!A gauge of global shares was flat in choppy trading while oil prices slipped on Tuesday as investors weighed geopolitical risks as well as impending Nvidia earnings and U.S. inflation data. Markets are anticipating an imminent start to the Federal Reserve's monetary policy easing, after Chair Jerome Powell said on Friday the central bank was ready to start cutting rates. The benchmark S&P 500 and Nasdaq edged higher in choppy trading while the Dow traded lower. The Dow Jones Industrial Average DJI fell 0.12% to 41,189.90, the S&P 500 SPX gained 0.09% to 5,621.87 and the Nasdaq Composite IXIC gained 0.09% to 17,741.59.
Short
by FXBANkthe8055
EURUSD VIEW!!A gauge of global shares was flat in choppy trading while oil prices slipped on Tuesday as investors weighed geopolitical risks as well as impending Nvidia earnings and U.S. inflation data. Markets are anticipating an imminent start to the Federal Reserve's monetary policy easing, after Chair Jerome Powell said on Friday the central bank was ready to start cutting rates. The benchmark S&P 500 and Nasdaq edged higher in choppy trading while the Dow traded lower. The Dow Jones Industrial Average DJI fell 0.12% to 41,189.90, the S&P 500 SPX gained 0.09% to 5,621.87 and the Nasdaq Composite IXIC gained 0.09% to 17,741.59. European stocks finished up 0.16% SXXP , following a late
Short
by FXBANkthe8055
CADJPY view!!The Japanese owner of 7-Eleven has been approached with what would be the largest-ever takeover of a Japanese company. The deal speaks to foreign companies seeking to exploit the depressed yen. In this case, the suitor is Canadian company Couche-Tard, the owner of Circle K convenience stores. The target is Seven & i Holdings Co and it was valued at USD$31 billion before the deal and jumped 23% today. Indications are that Japanese management will rebuff the offer but it could go hostile in a move to take over the 85,000 retail locations worldwide.
Long
by FXBANkthe8055
GBPJPY bulls need validation from 192.00 and Japan dataThe GBPJPY currency pair is making gains as it moves within a two-week upward trend, showing renewed optimism early on Tuesday. This rise supports the bullish trend that started in early August and counters the previous indecision seen last week. Currently, GBPJPY is trading above the 100-day moving average and has broken through a six-week-old downward resistance line, which now acts as support. The steady RSI also adds to the positive outlook. For the bullish trend to continue, GBPJPY needs to break above the upper boundary of the ongoing triangle pattern, near 192.00. If this happens, the next significant hurdle will be the 200-day moving average at 194.55. A break above this could push prices toward the late July high of around 199.50 and possibly even the 200.00 mark. On the downside, key support levels are around 189.80, 188.65 (100-day moving average), and 186.50 (previous resistance line). If GBPJPY falls below 186.50, it could drop to the monthly low of 180.10. Besides technical factors, GBPJPY buyers should also watch for upcoming data releases on Tokyo inflation, Japan's industrial production, unemployment rate, and retail trade this Thursday.
by MTradingGlobal
EURAUD SHOWING A GOOD DOWN MOVE WITH 1:8 RISK REWARDEURAUD SHOWING A GOOD DOWN MOVE WITH 1:8 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
Short
by tradergyan01
GBPJPY SHOWING A GOOD UPWARD MOVE WITH 1:10 RISK XAUUSD SHOWING A UPWARD MOVE WITH 1:10 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
12
GBPUSD hovers at 29-month high on UK Bank HolidayGBPUSD licks its wounds at the highest level since March 2022 as the overbought RSI line jostles with an upside break of the ascending resistance line, now support around 1.3060. This breakout, along with strong MACD signals and a weaker US Dollar, could push the pair towards the 1.3440 level, where it meets the 78.6% Fibonacci retracement from May 2021 to September 2022. However, reaching the 1.3620 resistance level might be challenging for buyers. On the flip side, the aforementioned resistance-turned-support line puts a floor under the GBPUSD prices around 1.3060. That said, the 1.3000 psychological magnet also acts as a short-term support for the Cable pair traders to watch. In a case where the Pound Sterling bears keep the reins past 1.3000, the 61.8% Fibonacci retracement, also known as the Golden Fibonacci Ratio, near 1.2780, quickly followed by the 200-week Exponential Moving Average (EMA) surrounding 1.2730, will act as the final defenses of the buyers. Overall, GBPUSD is gearing up to test a long-term resistance line. With the UK on holiday and a cautious market awaiting US inflation data, the pair might pause its advance early this week.
by MTradingGlobal
NZDCAD 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.
Long
by okako_trading
GBPUSD 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.
Long
by okako_trading