EURUSD ANALYSISEURUSD buying and selling setup
1.wait for the levels to break
2.we can expect a good downside movement
Forex market
EURJPY Pressure: Support 159.552, Interest Rate ResistanceEURJPY is declining after hitting strong resistance at 163.000, causing a price pullback.
The 34 and 89 EMAs are acting as resistance levels, adding selling pressure in the market.
The MACD indicator shows that downward momentum is slowing, but there is no clear signal of a strong reversal yet.
If the price holds above the 159.552 support and shows signs of recovery, investors may consider opening buy positions with a target around 161.000 - 162.000.
Regarding news: Interest rate decisions from the ECB and BOJ will significantly impact EURJPY. Tightening from the ECB may push EUR higher, while BOJ's negative rates could weaken JPY.
GBPUSD: Awaiting Rate Hike Signals, Trend Reversal RiskGBPUSD is currently in a short-term uptrend. The EMA 34 is above the EMA 89, indicating that buying pressure still dominates the market.
The chart shows that the EMA 34 remains above the EMA 89, but if there is a downward correction, the EMA 34 could potentially cross below the EMA 89, signaling a bearish trend.
The RSI (14) is currently at 52-54, suggesting that upward momentum remains but is close to the overbought region. If it surpasses 70, there might be a correction or a bearish reversal.
If the price fails to break through the resistance level of 1.32800, GBPUSD might revisit the support level of 1.30600.
Regarding news: Investors are awaiting interest rate signals from the Fed; if rates are increased, the USD will strengthen, putting downward pressure on GBPUSD. The BoE also faces pressure to adjust rates due to high inflation and the challenging economic conditions in the UK.
EUR/USD Near 1.10300 USD Support, Short-Term Upside PotentialThe H3 chart of EUR/USD shows the price approaching a crucial support level around 1.10300 USD, a zone that has held firm previously and may trigger an upward move if unbroken.
The 20 SMA is currently exerting downward pressure, but if the support holds, a short-term recovery is possible.
The price is also trading near the lower Bollinger Band, indicating the potential for a bounce from this support level.
Traders might consider buying near the 1.10300 USD support if clear reversal signals emerge.
Market sentiment for EUR/USD is still influenced by economic and political factors from both the Eurozone and the U.S.
USD/JPY Rises Strongly with EMA Support and BoJ PolicyThe USD/JPY pair is currently trading around 146.716, with an upward trend supported by the trendline.
The chart shows that the EMA 34 is supporting the price, while the EMA 89 provides a support zone around 146. The EMA 34 crossing above the EMA 89 signals a short-term uptrend.
The RSI is at 68.04, indicating that USD/JPY is nearing overbought territory. This could lead to a short-term correction as the price approaches the resistance zone.
If the price breaks through the 147.300 resistance level, the upward trend could continue strongly, with the next target possibly at 148.286 or higher.
As for news: The Bank of Japan (BoJ) continues to maintain its loose monetary policy, creating a significant interest rate differential between the USD and JPY, driving this currency pair higher.
GBPUSD: Falling wedge teases buyers ahead of UK/US dataThe GBPUSD currency pair is currently at its lowest point in over a week as traders wait for important data releases on Wednesday. This data includes the UK’s S&P Global/CIPS PMIs for August and the US Factory Orders and JOLTS Job Openings for July. The Pound Sterling has recently broken below a key support level comprising a one-month-old ascending trend line, which has now become resistant.
Bullish technical formation, bumpy road to south challenge GBPUSD bears
Despite the recent decline, the GBPUSD pair is holding up well due to a bullish pattern known as a falling wedge and several support levels. The MACD indicator also shows a decreasing bearish trend, which could help GBP/USD buyers. Additionally, the RSI indicator suggests there isn’t strong market support for the current downtrend.
Technical levels to watch
While the short-term falling wedge restricts the GBPUSD pair’s immediate moves between 1.3080 and 1.3120, the support-turned-resistance line from early August and a seven-week-long horizontal region act as additional trading filters around 1.3150 and 1.3050-35 respectively.
Apart from that, the 50-SMA and 200-SMA could challenge the momentum traders around 1.3170 and 1.2935 in that order.
In a case where the GBPUSD pair remains firmer past 1.3170, it will refresh the yearly high while aiming for the falling wedge confirmation’s theoretical target surrounding 1.3300.
Alternatively, a downside break of the 200-SMA support of 1.2935 will make the Cable pair vulnerable to slump toward mid-August swing low near 1.2800.
Looking forward…
In the short term, GBPUSD might continue to trend lower, but the bears are losing momentum. Any disappointment in US data could quickly bring buyers back into the market, especially given the bullish technical indicators.
USDJPY: Bears flex muscles within five-week-old triangleThe USDJPY currency pair has fallen for the first time in five days after hitting a resistance level on a one-month-old chart pattern. This drop reflects a shift to safer investments as traders await important economic data and deal with the return of full trading activity after a long weekend in the US and Canada.
Buyers losing ground
Along with the change in market sentiment, a few technical indicators suggest the USDJPY might keep falling. The Relative Strength Index (RSI) is moving out of the overbought zone, and the MACD is showing less bullish momentum. However, sellers need to see the price drop below 144.20 to gain control.
Technical levels to watch
The important support level is 144.20. If the price falls below this, it might continue to drop. The 100-day simple moving average (SMA) at 146.10 is another key level that limits immediate losses. Additional support levels are 144.00 and the August low of around 143.40. If the price drops further, it could target the seven-month low of 141.70 and the psychological level of 140.00.
On the contrary, an upside break of the stated triangle’s top line, currently around 147.30, isn’t an open invitation to the USDJPY buyers as the 200-SMA hurdle of 148.80 acts as an extra upside filter. Also challenging the Yen pair buyers is mid-August swing high near 149.40 and the 150.00 round figure.
What next?
The USDJPY is likely to continue falling and might hit new lows for the year. However, the sellers need confirmation from upcoming US economic data and a break below the key support level of 144.20.
GBPJPY: 200-SMA again challenges buyers amid sluggish week-startGBPJPY reached a one-month high but then pulled back from the 200-day moving average (SMA) as traders get ready for important news this week, including PMIs and the US jobs report. The US and Canadian Labor Day holidays are allow the cross-currency pair to consolidate the previous weekly gains, especially amid the cautious mood in the market.
GBPJPY buyers slowly tighten their grip…
Although the 200-SMA has been restricting the GBPJPY pair’s upside momentum since mid-July, a higher low formation in the last fortnight signals that the buyers are gradually winning over. Also, the bullish MACD signals and upbeat RSI conditions add strength to the upside bias.
Key technical levels to watch…
Given the 200-SMA’s repeated attempts to stall the GBPJPY upside, the buyers are advised to wait for a daily break past the key moving average, around 192.25, to take fresh long positions. Following that, the 50% and 38.2% Fibonacci retracement level of the quote’s December 2023 to July 2024 upside, respectively near 193.30 and 196.75, will lure the bulls. It’s worth noting, however, that a seven-month-old previous support line, close to 199.00, quickly followed by the 200.00 psychological magnet, could test the upside momentum.
Meanwhile, a drop below the immediate rising support line at about 190.70 could lead to further declines. Next support levels are around 190.00 and 188.00, with potential further drops to 184.80 and 182.50 before reaching a new yearly low around 180.10.
Looking ahead…
With the US and Canadian holidays and upcoming key economic data, GBPJPY might stabilize in the short term. However, if the market reacts negatively to the data, the bullish trend could be challenged.
EURUSD: Rising wedge signals bullish exhaustion, focus on dataEURUSD pares its biggest daily loss in 11 weeks early Thursday. In doing so, it's bouncing back from a key support level and the 50-Exponential Moving Average (EMA).
EURUSD bulls take a breather…
This rebound suggests that the Euro might be running out of steam before important economic data is released. Among them, the first reading of Germany’s inflation for August and the US Q2 GDP’s revision gain the attention of intraday traders. That said, the RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) indicators suggest a potential bullish trend, but confirmation is needed.
Key technical levels to watch…
The EURUSD buyers need validation from a one-week-old horizontal resistance area surrounding 1.1150 and the US/German data to keep the reins. Following that, the yearly high marked earlier in the week around 1.1200 will lure the Euro bulls. In a case where the quote remains firmer past 1.1200, the aforementioned wedge’s top line of near 1.1250 and the previous yearly top of 1.1275 will act as the final defenses of the sellers.
On the contrary, EURUSD sellers must wait for a clear downside break of 1.1100 to confirm the bearish chart formation and aim for further declines. In that case, a convergence of the 200-EMA and an ascending trend line from early June, the previous resistance near 1.0980, will be in the spotlight. Should the pair remain bearish past 1.0980, the odds of witnessing further downward trajectory toward the rising wedge’s theoretical target of 1.0680 can’t be ruled out.
What next?
In summary, the EURUSD is currently on a positive track, but further gains may depend on upcoming economic data and potential pullbacks.
USD/JPY: Bearish Pressure Below 147.000 USD ResistanceThe H4 chart of USD/JPY shows the pair trading under a descending trendline with consecutively lower highs.
The 34-day EMA currently sits at 145.707 USD, near the lower support level, serving as strong support if the price continues to decline.
The MACD indicator shows divergence between the MACD line and the signal line, indicating weakening bullish momentum, reinforcing the likelihood of a price correction.
Traders might consider selling if the price tests the resistance around 147.000 USD but fails to break through. A take-profit could be set near the 145.000 USD support with a stop-loss slightly above the previous high to minimize risk.
On the news front: U.S. economic data, especially the upcoming Nonfarm Payrolls report, will significantly impact USD/JPY. Positive data could strengthen the USD, supporting the pair's bullish trend.
NZDCAD View!!Markets increased the likelihood of a surprise rate hike this week so while the outcome came somewhat as a surprise, outcome had gained traction in recent days. Last week Wednesday markets priced in 16 basis points (bps), but ahead of the announcement it had risen to 20 bps.
Unemployment has picked up; and while GDP growth improved in Q1 compared to Q4, it still disappointed when viewed alongside estimates. Low growth and inflation combined with rising unemployment provides a mix that the committee believed justified a rate cut today.
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trade at your own risk with proper risk management
Tour d'horizon paires Forex: GBPJPY/GBPCAD/EURCAD/USDCAD/USDCHFBonjour à toutes et à tous,
Petit tour d'horizon des paires forex citées dans le titre.
Horizon: swing moyen terme.
Le but de cette vidéo est de partager ma vision sur ces paires forex et d'obtenir vos retours constructifs.
Je ne fais pas la météo de la veille en disant: "il aurait fallu...".
Merci par avance de vos retours constructifs.
Que diriez vous d'échanger en live sur un créneau en fin de journée?
NB: Il ne s'agit en aucun cas de conseils en investissements.
Merci pour vos retours et votre soutien
Laurent
GBP/AUD LONG IDEAWe are currently in a discount with respect to the 2-Month chart DRT Range and yet to trade into a premium. The algorithm has repriced into the +OB and is currently respecting the MTH of the 2M +OB. After the Jul/Aug trading session, we had a CISD, and the currently 2-Month candle should trade into the +POB (May/Jun 2-Month candle), respect its MTH and then run for the Jul/Aug Wick's C.E and ultimately its buyside. Also, the Interest Rate Differential Favours a bullish FX:GBPAUD There's a lot of range to the upside for $FX:GBPAUD. For now, we wait ...... ✍️
where OB (Order Block)
POB (Propulsion Order Block)
CISD (Change in State of Delivery)
MTH (Mean Threshold)
Good Luck and Good Trading
EURUSD_1DEverything is mentioned on Charts.
Wish you Happy & safe Trading.
Trade as per your own RISK
Please Note:
My studies are for educational purpose only.
Please consult your financial advisor before Trading or Investing.
I'm not responsible for any kinds of your Profits & Losses.
AUDUSD Short idea
The price tested the supply/resistance trend and very much
chance to retrace below before breakout.
It is a chance for a short position with SL's recent high.
GBPUSD SEELING SETUP GBPUSD is looking good for selling setup
1.wait for resistance area to sell
2.in smaller timeframe , looking for retracement and then selling
3.fib 50% area of selling
EURUSD SETUP ON 1 HR TIMEFRAME , LOOKING GOOD FOR PULLBACK EURUSD buying setup
1. On higher timeframe , EURUSD has came to support zone .
2.It is taking support on 38 % fib retracement .
3.Overall downtrend ,but need a pullback.
Chart of the weekChart of the Week: Deep Dive into Technical Analysis Join us for our weekly chart analysis where we dissect the most trending stocks and indices. This week, we'll delve into the intricacies of technical analysis. Learn how to: Identify patterns: Spot classic chart formations like head and shoulders, triangles, and flags. Use indicators: Understand the significance of moving averages, RSI, MACD, and more. Determine support and resistance: Pinpoint key price levels for potential buy and sell opportunities. Whether you're a seasoned trader or just starting out, this episode will equip you with valuable insights to make informed investment decisions. Don't miss out!
A ACCENDING TRIANGLE PATTERN SHOWING ON GBPJPY GBPJPY SHOWING A GOOD UP MOVE
DUE TO THESE REASON
A. its following a ACCENDING TRIANGLE PATTERNn 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
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.
USDCHF Technical Chart ReviewWhen the USDCHF 4-hour chart is examined; It is observed that the price movements continue in a downward trend. As long as the USDCHF level of 0.86222 cannot be passed upwards, it is evaluated that in price movements below the level of 0.84749, it can break the level of 0.83985 and retreat to the level of 0.82176.
