NZDCHF TRADE IDEApossible NZDCHF trade scenario will look for entry from above zone enter with ltf confirmation if taken direct entry manage your risk properly 1:2-3 RR Indicator based SMC approach. follow and like more such smc setupsby Deefx692
USDJPY: Continue to reduce as the new week begins!Dear friends, USDJPY started the session today with a slight decline, trading around 147.75 and losing 0.25% throughout the day as it remains in a corrective wave despite its short-term upward trend. In this context, the Japanese Yen attracts some safe-haven flows amid deepening political tensions. The USD maintains stability below its monthly peak and may support USD/JPY. Traders can also anticipate the important FOMC meeting in the face of uncertainty regarding interest rate cuts. Any further price slide is likely to attract buyers near the round figure of 147.00, which would help limit the downside of the USD/JPY pair near the 146.45 area or last week's low level. A convincing break below the following level could shift the short-term trend favorably for bearish traders and push the spot price down to the horizontal support level at 146.700.Shortby RKarinaUpdated 17
USDJPY: Price slippage after a good week!Dear friends, as anticipated, UJ has broken free from its previous short-term recovery trend at 147.80. At the time of writing, the price is trading below the resistance level of 147.45, with immediate support at 147.30. The downward trend is strong as it has been unable to extend its potential for price increase above 148.00. Additionally, the 34-day and 89-day EMA continue to reinforce the bearish momentum of this currency pair. This decline is evident. Currently, the Japanese Yen is attracting some safe-haven flows due to deepening political tensions, while the US Dollar remains weak in anticipation of the Fed's decision. The focus now shifts to the US employment data later in the day. My target after the USDJPY tests the resistance level at 147.66 (which coincides with the testing of the 34-day and 89-day EMA) is a further decline with a target of 147.08, followed by a breakthrough and touch of the final support level at 146.66. Wishing you successful trading!Shortby RKarina10
EURUSD tests falling wedge ahead of Eurozone GDPEURUSD stays pressured within a three-week-old falling wedge bullish chart formation as the pair traders await the first readings of German and the Eurozone Gross Domestic Product (GDP) for Q4 2024 early Tuesday. In doing so, the quote fades the previous day’s corrective bounce off the stated pattern’s bottom line while portraying a third consecutive weekly loss so far. It’s worth noting, however, that the recently downbeat RSI and MACD signals suggest weakness in the bearish trend and hence a quick run-up on the upbeat prints of GDP can’t be ruled out. In that case, the previous support line stretched from early November, now resistance around 1.0880, will restrict the immediate upside of the Euro pair. Following that, the falling wedge’s top line surrounding 1.0900 and the 200-SMA level of 1.0935 will be crucial to watch as the final battle points for the bears before giving control to the buyers. Alternatively, the aforementioned wedge’s lower line of around 1.0800 puts a floor under the EURUSD price. Following that, the 61.8% Fibonacci retracement of the November-December upside, near 1.0760, will precede the 78.6% Fibonacci ratio surrounding 1.0650 to act as the last defense of the pair buyers. In a case where the quote remains bearish past 1.0650, the pair’s lows marked in November and October, respectively near 1.0515 and 1.0450, will lure the sellers. To sum up, EURUSD portrays a bullish chart formation ahead of the bloc’s key growth data.by MTradingGlobal0
EURAUD DAY SELL PROJECTION 29.01.24 Reason Behind the Sell 1. Double the Time Bearish Engulfing In Day Candle 2. Obey the Parallel Downtrend Line Overall Possible Outcomes EURAUD SELL 1.6389 SL 1.6470 TP 1.6170Shortby kripsonfx971
TRIANGLE PATTERN BREAKEDin GBPAUD A good break out occurred It will be down for few days Grab it all forex user good opportunityShortby tradergyan010
USDTHB Price is respecting the supply level and market has retested this zone. Now after the proper breakout of the trendline and breakout of the recent low will look for a short position. Shortby shubhamjaiswalhj0
GBPUSD: POST MARKET ANALYSISthe mean threshold of the 1-hour bullish order block was my entry area, but the price moved up as soon as it touched the ob. and my target was the ob in the supply area but the price turned its direction as soon as it touched the 1 hour 0.5 level . this happened in the london session. the new york session capitalised on the reversal and ran down to hunt the 1 hour sellside liquidityby thewiz031
NZDCADGreetings! Welcome traders. By choosing to "Follow", you can stay updated with the latest information promptly. Kindly consider clicking "Boost" as well. Wishing you a pleasant day.Longby TMCFX02
Sell Trade in GBPJPYBased on various data analysis like fib, structure etc. I see a potential sell opportunity in GBPJPY at the marked area. Kindly do follow your own analysis as this not a trade recommendation. Shortby prajwalbadaje113
GBPUSD: Keep bullish faith!Dear friends, The GBP/USD pair is trading steadily around the psychological level of 1.2700 in the early Asian trading hours on Friday. The optimistic GDP growth figures from the United States have boosted the greenback against its rivals. Next, traders will be monitoring the GfK consumer confidence in the United Kingdom for January. The focus will then shift to the Core Personal Consumption Expenditures (Core PCE) price index of the United States on Friday, expected to increase by 0.2% MoM and 3.0% YoY. Traders will take cues from these numbers and seek trading opportunities around the GBP/USD pair.Longby RKarinaUpdated 10
GBPUSD: Buy or Sell?Hello dear friends, what do you think will happen to GBPUSD in the near future? Today, this currency pair is still maintaining a prolonged sideways trend, with short-term prices favoring buying. However, there is still a lack of momentum for this pair to break out of the range as investors shift their focus towards monetary policy announcements from the Federal Reserve and the Bank of England, which are expected to provide the latest direction for GBPUSD.Shortby RKarina2
EURUSD: Price wedge widening, what is the next trend?Dear readers, EUR/USD has once again dropped to a low of 1.0850 as the currency pair continues to fluctuate within familiar levels this week. The downward price trend has pushed the Euro lower against the US Dollar following the ECB's decision to maintain interest rates and better-than-expected US GDP data. On the 4-hour chart, the currency pair is trading near the lower end of an ongoing consolidation process around the 1.0890 level, indicating a period of consolidation. Support is seen at 1.080. On the other hand, upward price movements may attempt to reach the 1.090 level, but prices could decline further from this area as it completes a test of the EMA 34, 89.Shortby RKarinaUpdated 24
EURUSD: discount?Dear friends, overall EURUSD is not receiving much support as the main trend is downward, surpassing the psychological support level of 1.090. The prevailing risk aversion sentiment, driven by escalating geopolitical tensions in the Middle East, is causing traders to favor the US dollar (USD), putting downward pressure on the EUR/USD pair, which is trading near 1.083 today. This week, we will have several important news releases, particularly the US Housing Price Index and Consumer Confidence data, which will be released on Tuesday, providing more detailed information about the market. This careful consideration is expected to strengthen following the upcoming statement from the Federal Open Market Committee (FOMC) on Wednesday.Shortby RKarina15
USDJPY lures bears as FOMC, NFP week beginsUSDJPY makes rounds to 148.00 early Monday as the key week comprising the Federal Reserve (Fed) monetary policy meeting and the US employment report begins. That said, the Yen pain snapped a three-week uptrend in the last while fading the bounce within a three-week-old triangle. While the hawkish hopes from the Fed and likely firmer prints of the US job numbers seem to tease the US Dollar bulls, hopes of the Bank of Japan’s (BoJ) exit from ultra-easy policy and positioning for the US data/events lure sellers. It’s worth noting, however, that the 50-bar Exponential Moving Average (EMA) and the aforementioned triangle’s bottom line, respectively near 147.50 and 147.35, could test the bears before welcoming them. Even so, the 200-EMA level of around 146.10, quickly followed by the 146.00 round figure, will act as the final defense of the buyers. Meanwhile, a one-week-old descending resistance line surrounding 148.50 guards immediate recovery of the USDJPY pair. Following that, the previously stated triangle’s top line, near 149.30 by the press time, will be important to watch for the quote’s further upside. In a case where the Yen pair buyers keep the reins past 149.30, the 150.00 threshold and November’s peak of around 151.90 are likely to gain the market’s attention. Overall, the USDJPY pair buyers lack momentum as the top-tier US data/events loom.by MTradingGlobal0
EUR/USD 4 HOUR ANALYSIS (UPCOMING WEEK)4 hour low sweep Plus create proper scob So we can see for buy But remember 4 hour extreme zone is pending Longby Trade_with_SMC1
EURUSD 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.Longby okako_trading1
Q&M pettern created so it is bullishIt is created Q&M pettern and 4 hourrs cancle dominant breakout it will down side Shortby kamlesh007001
Q&M pettern created so it is bullishIt is created Q &M pettern created so it is buy side it will go up sideLongby kamlesh007000
GBPUSD: A 1HOUR PD ARRAY ANALYSISGBPUSD has been consolidating for over a month now in the daily time frame. And being a day trader i focus on the previous day high and low as they are the most important liquidity areas intraday as the big institutions will be sitting there. So the timeframe i use for intraday is 1 hour time frame, where i look for order block, fair value gap, and short term busyide and sellside liquidity and execute my trade in the 15 min - 1 min range accordingly. currently the swing high and the low of the 1 hour time frame GBPUSD has been marked with their respective ob in the discount and the premium. As of now the price is slightly bullish in this time frame and the price is in the discount near the bullish ob, but as the daily time frame has been consolidating, i dont expect order blocks to be as powerful as they are. From my observation when price consolidates greater reactions can be seen from the old highs and lows which are the areas of liquidity and price might turn around from them and rally in the 1 hour time frame. by thewiz03115
USDINR-Weekly Outlook-Venkat's BlogThe currency pair is once again back in to the narrow range regime. We saw the pair traded between 83.05 and 83.16. At best we can assume that the band is marginally lowered to 82.85 83.15. A few observations a. Ultra-low Vols may be a huge risk and there could be sharp move happening when no one expects b. There is divergence seen in the charts c. The rates remaining in a small range is not anything new for the currency pair as we could see from the quarterly charts, it has been in small ranges for almost 3-4 quarters in the past once in every three years. However, this general behavior altered after 2008 Expect the range of 82.80 - 83.15 would hold for the week and there could be choppy moves within this range. A close outside this range requires reassessment of risk/direction and target. A few more observations: Continue to keep the following input for quick reference though it is repeated for the past 8 months. • The 82.75-83.25(with error adjustments) zone is the Fib projection of July 2011 to July 2013. Alternatively, the Fib projection of the move from Jan 22(Low) to Oct 22(High) and Nov 22 low also suggest the projection as 82.92. Hence, the importance. If breached, we may see another spike towards 85.70 • As noted in our 3rd July Blog: o A deeper correction is long overdue. The market is expecting 82.70-83.35 will be protected. If appears that the same kind of yo-yo moves may continue till one more quarter if we do not see a close below 82.70. o The result is that it has extended to third quarter as well • The next couple of weeks are crucial. We will get to know if we are heading towards 82.50 or 83.50 Disclaimer: The views expressed here are personal and not connected to SYFX Treasury Foundation. The views are for learning and reference purpose only.by SYFXTF8
EURUSD - Impulsive Start from 0.9538 Lows Disclaimer: Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. WaveTalks - Market Whispers: Can you hear them? From its low at 0.95358, we're seeing a leading diagonal wave signaling a potential long-term uptrend. As previously discussed, big gains might be ahead. Short-term, it's building a base, possibly dipping to 1.02-1.04, a 50-61.8% retracement from the 0.95358 low to the 1.12757 high in July 2023. Shortby WaveTalks339