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GBPUSD ANALYSIS OVER H1 CHART.GBP/USD Forecast: Pound Sterling faces stiff resistance at 1.2800 ahead of US NFP At roughly 1.2800, the midpoint of the ascending regression channel corresponds to significant resistance. If that level is broken and the pair begins to use it as support, technical buyers may become interested. In this case, the static level of 1.2850 may serve as a temporary barrier prior to the rising channel's top limit of 1.2900. The 4-hour chart's 50-period Simple Moving Average (SMA) may serve as the initial level of support before 1.2730 (the lower bound of the ascending channel and the 100-period SMA) and 1.2700 (the static level and psychological level), respectively, on the downside.
Short
by charliedavies770
3
GBPUSD ANALYSIS OVER H1 CHART.GBP/USD Forecast: Pound Sterling faces stiff resistance at 1.2800 ahead of US NFP At roughly 1.2800, the midpoint of the ascending regression channel corresponds to significant resistance. If that level is broken and the pair begins to use it as support, technical buyers may become interested. In this case, the static level of 1.2850 may serve as a temporary barrier prior to the rising channel's top limit of 1.2900. The 4-hour chart's 50-period Simple Moving Average (SMA) may serve as the initial level of support before 1.2730 (the lower bound of the ascending channel and the 100-period SMA) and 1.2700 (the static level and psychological level), respectively, on the downside.
Short
by charliedavies770
EURUSD Prediction Bullish breakout 7 Jun 24EURUSD is one of the most traded Forex instruments with good volume activity. If we look at the chart: EURUSD has broken to the upside and can now give really good targets to 1.12 levels. EURUSD has broken the symmetrical triangle pattern to the upside. Also, it has received support from 200 EMA, which is a good sign of bullishness. One can trade EURUSD with Risk: Reward::1:3 with the given setup. All important levels are on the chart. Verdict : Bullish Plan of Action: Buy: 1.09197 SL: 1.08146 Target: 1.11033, 12371
Long
by finnova_
AUDUSD 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
1
USDCAD ANALYSIS OVER H1 CHART.USD/CAD dips to about 1.3650 as a result of increased risk appetite and rising oil prices. Following two days of advances, the USD/CAD pair declines, trading on Thursday during the Asian session at 1.3680. Following the release of conflicting economic data in the US, which stoked interest rate decrease rumors by the US Federal Reserve (Fed), the US Dollar (USD) suffered. On Friday, investors will be watching for the release of important US employment data, such as nonfarm payrolls and average hourly earnings. The US dollar and the USD/CAD pair are weakened as a result of investors' negative opinion toward the Fed's rate drop. On Friday, investors will be watching for the release of important US employment data, such as nonfarm payrolls and average hourly earnings. Looking for a good Selling Opportunity.
Short
by charliedavies770
EURUSD bulls need validation from 1.0920 and ECBEURUSD prints the first daily gains in three while approaching the top line of a two-month-old rising wedge bearish chart formation. Apart from the 1.0920 upside hurdle comprising the stated resistance line, the European Central Bank’s (ECB) widely expected rate cut also poses a challenge to the major currency pair’s further upside. Additionally, the sluggish MACD signals and unimpressive RSI line also raise bars for the buyers. Hence, the quote is likely to witness a pullback toward the weekly support line of around 1.0860 unless the ECB surprises the market, either with no rate cut or by providing hints of no more actions in the near term. In a case where the bears dominate past 1.0860, the 200-bar Exponential Moving Average (EMA) support of near 1.0815 could gain the spotlight. It’s worth mentioning that the Euro sellers will gain conviction if the pair confirms the rising wedge pattern by falling beneath the 1.0765 support, which in turn opens the door for a theoretical fall toward 1.0450. Meanwhile, the ECB’s ability to convince the buyers, despite announcing the 0.25% cut to its benchmark rates, could help the EURUSD pair to cross the 1.0920 resistance. In that case, the quote’s run-up toward March’s peak surrounding 1.0980 and then to the 1.1000 threshold can’t be ruled out. However, the yearly high of near 1.1040 and the late 2023 top around 1.1140 will challenge the Euro pair’s upside past 1.1000. To sum up, EURUSD braces for a post-ECB pullback while rising towards a short-term key resistance ahead of the event. However, the ECB’s hawkish halt might convince the buyers to return, which in turn requires traders to remain cautious before the outcome.
by MTradingGlobal
USDJPY Trading RecommendationInstrument: USD/JPY Position: Sell Entry: 156.300 1st Target: 154.760 2nd Target: 153.650 Stop Loss: 157.800 Rationale: The USD/JPY pair is exhibiting signs of a bearish trend, with recent price action indicating a potential downward movement. Entry: The entry point for this sell position is set at 156.300, reflecting a strategic point where downward momentum is likely to accelerate. Targets: Our primary target stands at 154.760, representing a significant support level where we anticipate a notable price reaction. The secondary target is positioned at 153.650, indicating a deeper retracement and further potential profit-taking opportunity. Stop Loss: To manage risk effectively, a stop loss is placed at 157.800, just above the anticipated resistance level. This ensures a controlled exit in case of unexpected market movements. Disclaimer: Trading involves inherent risks, and this recommendation should be considered alongside individual risk tolerance and market analysis. It is advisable to use proper risk management techniques, including the use of stop-loss orders, to mitigate potential losses.
Short
by GODOCM
EURUSD Sell OpportunityThe EURUSD pair presents an enticing sell opportunity at the current price of 1.0840, with favorable potential for profit. Targets: Primary Target: 1.08400 Secondary Target: 1.07900 Breakout Scenario: In the event of a breach above the resistance level of 1.09200, indicative of a bullish breakout, the target price is anticipated to ascend towards 1.1100. Technical analysis indicates a notable selling sentiment prevailing in the market at the present price level. Fundamental factors align with the proposed sell strategy, suggesting downward pressure on the Silver pair. Prudent risk management measures should be employed to mitigate exposure to potential adverse market movements. Disclaimer: This analysis is provided based on current market conditions and historical price data. Traders are advised to conduct independent research and exercise caution, employing appropriate risk management techniques, before executing any trading decisions.
Short
by GODOCM