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USD/JPY: Strong Recovery, Breaks Through the 144.0 LevelHello everyone! Today, let's analyze the movements of the USD/JPY currency pair! The USD/JPY pair is showing signs of a strong recovery. After dropping to a near two-week low at 141.65, the pair has been consistently rising over the past two days and has broken through the 144.0 level. This price increase is driven by several supporting factors, indicating that the US dollar is currently prevailing over the Japanese yen. On the technical chart, there is a confluence of the 34 and 89 EMAs, with support at the 143.328 level, and the price is in an upward trend. Additionally, since a peak has not yet been established, it further strengthens the bullish momentum, favoring buyers. With the current upward momentum, the price is likely to continue breaking through to the next resistance levels. Investors might consider opening buy positions to seize this opportunity. Alisa has set her target as analyzed. What about you?
by Alisa_Rokosz
2
EURCAD 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
USDJPY: Recovery remains elusive below 146.30On Tuesday morning, USDJPY gained momentum, continuing its recovery from a support level that had been holding for two months. It’s getting closer to the 200-Exponential Moving Average (EMA) while still within a bearish trend that started in early August. This rise reflects the US Dollar's bounce after Fed Chair Jerome Powell eased expectations for two more 0.50% rate cuts from the Federal Reserve in 2024. However, traders look forward to upcoming US employment data and Japanese reports to see how the market will move. Bulls flex muscles for a long road ahead… In addition to bouncing off the two-month support zone, an upward trend in the RSI (14) and a potential bullish crossover on the MACD are boosting the USDJPY's rise toward the key EMA. However, the ongoing bearish trend channel and differing monetary policies between the Bank of Japan (BoJ) and the US Federal Reserve (Fed) could create challenges for the bulls. Key technical levels to watch… In the short term, the 200-EMA around 144.75 and the upper line of the bearish channel near 146.30 are significant hurdles for USDJPY buyers. If they push past these levels, the pair could rise toward the mid-August high around 149.40 and possibly hit the 150.00 mark. It's important to note that the 152.00 level seems to be the last stronghold for Yen sellers. On the flip side, the horizontal support area between 141.75 and 141.65 offers some stability for USDJPY in the short term, protecting it from a drop toward the monthly low and the bottom of the bearish channel near 139.55 and 138.75. If the pair breaks below 138.75, the mid-2023 low of around 137.20 may serve as the final defense for buyers. The road toward the north appears long and bumpy While technical indicators hint at a potential recovery for USDJPY, the underlying fundamentals pose challenges for a sustained bullish move. Buyers should be cautious before making large investments.
by MTradingGlobal
EURCAD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARD EURCAD SHOWING A GOOD UP 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
GBP/USD: Break $1.34277 or Pull Back to $1.33605?The GBP/USD chart on September 30th paints a dramatic scenario as the price hovers around $1.34090, preparing to confront the strong resistance at $1.34277. This is the "wall" that if the buyers can overcome, a new journey toward higher peaks will begin. However, the battle won’t be easy. If the price is rejected at resistance, a correction toward the support zone at $1.33605 could happen, giving the sellers the advantage. With support from the EMA 34 at $1.33816 and EMA 89 at $1.33378, the price might find stability. What heightens the market's tension now is the influx of economic news from the U.S. Traders are anxiously awaiting key factors that will determine whether GBP/USD will see a spectacular breakout or a retracement. All will be revealed in the coming sessions!
Long
by Romio_pro
GBPUSD SHOWING A GOOD UP MOVE WITH 1:8 RISK REWARD GBPUSD SHOWING A GOOD UP 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
by tradergyan01
1
The New Week Begins with Positive Signals for EUR/USDHello everyone. Let’s take a look at the movement of the EUR/USD pair in this Monday morning trading session. The EUR/USD pair opened the new week at 1.1159, indicating an upward trend. The weakening of the US dollar, driven by expectations of the Fed easing monetary policy, has supported the Euro’s rise. Additionally, recent economic data from the Eurozone has also shown positive signs. The currency pair is displaying an upward trend within a price channel. With solid support at 1.115, breaking through the resistance level at 1.120 will confirm the uptrend and open opportunities for higher price targets. Once the old resistance level is broken, it will become new support, reinforcing the upward momentum. What about you? What are your targets for EUR/USD in the near future? Share your thoughts with me!
by Alisa_Rokosz
GBPCAD 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
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.
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
4
USDCAD 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