USDJPY Expected move nowAs USDJPY shifted structure below I'm expecting selling opportunities on my -OB Shortby GoldenB556
Euro is approaching the range of increased demand Examining the trend in the one-hour time frame, EUR/USD has formed a BULLISH CRAB harmonic pattern, and therefore, on condition of maintaining and not recording any one-hour candle close below the important support interval in the range of 1.0725-1.0709 , can rise to the 61.8% Fibo resistance at $1.0837.Longby arongroups5
USDCHF is posed for the recoveryHi there! We've got another potentially interesting situation: long USDCHF. After a massive slide down, USDCHF is recovering, and it's reasonable to try to open a trade around the breakout area of a small formation, as indicated on the chart. SNB (Swiss National Bank) decreased its interest rate in March and triggered a dovish monetary cycle, while the Fed is still far away from this scenario. So, the Swiss Franc would logically stay under pressure against the US dollar within the present cycle. The big bullish candlestick on the daily chart on Friday points to a continuation of growth of USDCHF. I am considering placing a position with a relatively small stop of 15 pips, as intraday volatility of USDCHF is quite low. Don't forget to DYOR and manage your risk!by Stanislav_Bernukhov_Exness5
USDJPY → False break of support, Yen weakens. 160.0 again?FX:USDJPY fell under the correction wave, which was caused by the liquidation of buyers based on the change in the fundamental sentiment of the dollar index. It didn't last long. Buyers liquidation on the back of strong bullish trend. (A big player collects the position) In general, both technically and fundamentally, the situation remains unfavorable for the Japanese yen. The national currency may continue to weaken and thus test the current ATH. False breakdown of trend support brings the price back to the range of 155.95-157.23. Possible retest of resistance with the subsequent breakout and growth to the far liquidity zones. Resistance levels: 157.23, 158.44 Support levels: 155.95, 154.77 The bulls should hold the defense above 155.95 with the aim to continue rising. The intermediate key point is 157.23 with the possibility of further breakout and growth. Regards R. Linda!Longby RLindaUpdated 4431
GBP/USD: Key Levels and Upcoming Economic EventsHello Traders, In today's trading session, we are monitoring GBP/USD for a potential buying opportunity around the 1.26700 zone. GBP/USD is currently in an uptrend and undergoing a correction phase, approaching the key support and resistance area at 1.26700. Please note that tomorrow we face two significant events: the release of the CPI data and the FOMC meeting. If the CPI data comes in hot, indicating higher inflation, we will cancel this trade, as it could prompt the Federal Reserve to adopt a more hawkish stance, especially in light of last week's strong NFP report. Conversely, if the CPI data is soft, it may favor our trade by leading to a dovish outlook from the Fed, potentially supporting GBP/USD longs. Trade safely, JoeLongby JoeChampion6
AUD H1 Mappingbullish trend still continue. in H1, i will try to find a BUY setup whenever price enter the BUY zone in the nearest SnD areaLongby foureyescoderUpdated 7
USDCADRSI indicates Bearish Divergence. Which means that at any time the market trend can change to LL and LH. Shortby SohailChaudhary5
Heading into an overlap resistance, could it reverse from here?NZD/CHF is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support. Pivot: 0.55294 1st Support: 0.54666 1st Resistance: 0.55747 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Shortby ICmarkets5
USD/CAD Faces Resistance at 1.3780, Potential Reversal in SightThe USD/CAD pair has reached the 1.3780 area of resistance, signaling a potential reversal. This comes in the wake of a robust Nonfarm Payrolls (NFP) report for May, which dispelled fears of a weakening labor market. The report indicated strong labor demand across all sectors and higher-than-expected wage growth. Market Dynamics 1. Strong NFP Report: The latest NFP data highlighted a resilient labor market, easing concerns about a slowdown. This strength in the labor market has influenced market expectations regarding the Federal Reserve's monetary policy. 2. Fed Rate Cut Expectations: Investors now anticipate that the Fed will cut interest rates once this year, likely in November or December. This outlook is shaping the market's response to recent economic data. Upcoming Economic Indicators To gain more insights into the Fed’s potential actions, investors are keenly awaiting the US Consumer Price Index (CPI) data for May and the Fed’s upcoming monetary policy announcement, both scheduled for Wednesday. These events are expected to provide further clarity on the interest rate outlook. Technical Analysis From a technical perspective, the USD/CAD pair is approaching a significant resistance level at 1.3780. The price action suggests a potential reversal as it encounters this resistance.n. in conclusion the USD/CAD pair is at a critical juncture, facing resistance at the 1.3780 level. The strong NFP report for May has bolstered the USD, but upcoming CPI data and the Fed’s monetary policy announcement will be crucial in determining the next move. From a technical standpoint, signs are pointing towards a potential reversal at this resistance level. Investors and traders should remain vigilant and look for clear reversal signals before making trading decisions.Shortby FOREXN1Updated 1110
EURUSD: Detailed Technical Analysis & Your Trading Plan 🇪🇺🇺🇸 Technical Analysis for EURUSD. Price action & important key levels. Potential scenarios. Trading plan explained. ❤️Please, support my work with like, thank you!❤️ Long03:08by VasilyTrader115
It think its time to close opening gap and visit 50% fib levelPrice dipped below 50% of the weekly swing and is closing above. I think we will see a push-up. Depends on where the price will be during CPI. Always follow these rules - Accumulation / Manipulation / Distribution - No liquidity raid = No trade - Never buy high and never sell low “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔Longby Dave-FX-Hunter4
EURCHF: Very Bearish Setup 🇪🇺🇨🇭 EURCHF looks very bearish after a breakout of a neckline of a descending triangle on a daily. I think that the pair will drop lower. Next support - 0.959 ❤️Please, support my work with like, thank you!❤️ Shortby VasilyTrader115
GBPUSD WILL FALL SELLTP-1-------15Pip TP-2-------35Pip TP-3-------Full TP Manage SL during news time, intraday trade tp and sl mentioned not a financial advice Shortby ArehmanB4
USD-CAD Crosses above the channel boundary and risesTraders! USD/CAD is rising against the upper boundary of the large symmetrical triangle price pattern, there is a risk of a breakout to the upside as the NFP fundamentals are quite good so we believe the price will create a bullish wave . But overall on the USDCAD chart, although the uptrend is still well supported, there are signs of a potential top at 1.3786. I expect a correction to accumulate before the upside. Chief returns. The 1.3650 zone is the final support the bulls need to hold the price in order to strengthen, a break below this level will result in a significant decline in price.Longby IAm_RyderUpdated 121236
Hellena | EUR/USD (4H): Long to 61.8% Fibo lvl 1.09710.Dear Colleagues, I believe that wave “2” has been completed, which means that price is now forming wave “3”. I expect the price to make a correction in the small wave “2” in the area of 1.08181, then I expect an update of the high. I expect the price to reach at least the area of Fibonacci 61.8% extension level (1.09710). Then we will see what will happen next. Manage your capital correctly and competently! Only enter trades based on reliable patterns!Longby Hellena_TradeUpdated 151536
AUD/USD Edges Lower Amid Strong US Dollar and Robust US Jobs DatThe Australian Dollar (AUD) declined on Tuesday as the US Dollar (USD) maintained its strength, bolstered by robust US jobs data for May. This development has reduced the likelihood of two Federal Reserve (Fed) interest rate cuts in 2024. According to the CME FedWatch Tool, the probability of a Fed rate cut in September by at least 25 basis points has dropped to nearly 49.0%, down from 59.5% a week earlier. Market Dynamics Strong US Dollar: The USD continues to strengthen following impressive US jobs data, putting pressure on the AUD. Reduced Rate Cut Expectations: The chances of a Fed rate cut in September have diminished, with current estimates showing a 49.0% probability, compared to 59.5% last week. Australian Dollar Outlook Despite the current downward pressure, the downside for the Australian Dollar may be limited. Traders anticipate that the Reserve Bank of Australia (RBA) will maintain higher interest rates throughout the year, providing some support for the AUD. Technical Analysis and Strategy Aligned with our previous analysis, we are looking for a recovery in the AUD price. Key points to consider: RBA Rate Policy: Expectations that the RBA will keep rates elevated may help support the AUD against further declines. Potential Rebound: Technical indicators suggest the possibility of a price recovery, with traders watching for signs of a bullish reversal. In conclusion the Australian Dollar is facing downward pressure due to a strong US Dollar and robust US jobs data, which have reduced expectations for Fed rate cuts in 2024. However, the downside for the AUD may be limited as traders expect the RBA to maintain higher interest rates. In line with our previous analysis, we are monitoring for a potential recovery in the AUD, looking for bullish signals to confirm a reversal.Longby FOREXN1Updated 115
Heading into 61.8% Fibonacci resistance?GBP/USD is rising towards a resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could potentially reverse from this level to our take profit. Entry: 1.27648 Why we like it: There is an overlap resistance level which aligns with the 61.8% Fibonacci retracement. Stop loss: 1.28118 Why we like it: There is a pullback resistance level. Take profit: 1.26889 Why we like it: There is a pullback support level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.Shortby VantageMarkets4
ECB speeches, Macron, and FOMC stir EUR/USD A high number of European Central Bank (ECB) officials are making public speeches in the 24 before the Fed rate decision this week Wednesday that could help or hinder the EUR/USD. Also, thrown in the mix now is French President Emmanuel Macron’s decision to call for a snap local election after the results of the EU Parliament elections, adding to market uncertainty. The EURUSD has extended to a 5-week low. 1.0700 could be the next target for the bears as the price has now moved into a swing area between 1.0718 and 1.0750. Perhaps the most important speeches will come from Luis de Guindos (Vice-President of the ECB), Philip R. Lane (ECB Executive Board member), and Claudia Buch (ECB Supervisory Board). Import the BlackBull Markets Economic Calendar to iCloud, Google, or Outlook to get alerts direct to your inbox, enabling you to plan your positions in advance. Last week, the EU became the fourth Western economy to reduce its lending rate, announcing progress in tackling inflation. It lowered its main interest rate from a record high of 4% to 3.75%. Katherine Neiss, chief European economist at Prudential Investment Management, expressed "reasonable confidence" that the ECB would further cut rates over the summer or autumn, potentially bringing EU rates to 3.5% or lower by year-end. Investors will be closely analyzing the upcoming ECB speeches for any hints that support this prediction. by BlackBull_Markets5
GBPUSD WILL FALL SELLTP-1-------15Pip TP-2-------35Pip TP-3-------Full TP Manage SL during news time, intraday trade tp and sl mentioned not a financial advice Shortby ArehmanB5
Falling towards 50% Fibonacci support?The Loonie (USD/CAD) is falling towards the pivot and could potentially bounce to the pullback resistance level. Pivot: 1.3735 1st Support: 1.3698 1st Resistance: 1.3780 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Longby ICmarkets4
EurUsd Bearish PlanThe price has continued to drop over the past two days, confirming the bearish trend. Wait for the right price levels for a sell or buy position. Be patient, don’t rush. Take positions with a good risk-reward ratio. good luckby edoyuwon19094
AUD/USD BULLS ARE GAINING STRENGTH|LONG Hello,Friends! The BB lower band is nearby so AUD-USD is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 0.663. ✅LIKE AND COMMENT MY IDEAS✅Longby EliteTradingSignalsUpdated 1110