AUDUSD LongAUDUSD completed ABC and as per rtm also it reached the origin Swap FL. harmonic made deep crab. Now its time for a upside reversal. Longby Indyan112
gbp usd my idea for gbp usd according to order block region i expect going up from thes point who agree with me ?by kareemhamed222
EURUSD Short on Rate Cut differentialMACRO : - ECB cut rate last week and eventhough they were quite hawkish about it. I don't believe it can sustain EURUSD at its peak. - The FED is projected to keep the rate unchanged and the recent NFP number is proving that the labour market is still very strong. - EURUSD should fall accordingly. TECHNICAL : - We are in the LPOS phase of a Wyckoff. Waiting for distribution to enter shorts. GOOD LUCK Shortby thelifeIlead_111
EURUSD ShortAfter NFP my bias has changed to shorting EURUSD i am wait for monday daily candle stick closer to make a FVG on the daily timeframe and from tuesday onwards i will be looking for a entry when pullback happens on the daily. Shortby evanjosias49221
POSSIBLE EURUSD MOVE EURUSD is likely to continue going down to balance fresh QM levels beneath the price, if you take a look on my previous post i highlighted the point that euro/usd is ranging/ consolidation in a diamond pattern. which should deep first into the monthly fair value gap. waiting for its next move.Shortby webmhara111
USD/JPY as BOJ rate decision approaches The US federal Reserve is not the only major central bank making an interest rate decision this week. So too, will the nonconformist Bank of Japan (BOJ). In its April policy meeting, the BOJ highlighted upside risks to inflation and indicated readiness to adjust monetary policy, if necessary, although it expects to maintain its current policy for the time being. The BOJ stated that if the outlook for economic activity and price rises materializes, interest rate hikes could be warranted. Key economic reports from Japan prior to this week's interest rate decision include: Japan GDP Growth Rate (final) Japan Economy Watchers Survey Outlook Japan Producer Price Inflation For the exact date and time of these major economic events, import the BlackBull Markets Economic Calendar to receive alerts directly in your email inbox. From the daily chart, the USD/JPY perhaps appears slightly bullish. The pair has climbed above the Ichimoku Cloud, indicating strong buyer momentum. On Tuesday last week, BOJ Deputy Governor Ryozo Himino expressed concerns about the negative impact of a weak yen on the economy. His comments suggest that the BOJ might be preparing for another intervention in the forex markets to support the yen, which would be negative for the USD/JPY pair. The 14-day RSI has recently pulled back, avoiding overbought conditions. by BlackBull_Markets111
GBPUSD 30Mins The market is currently exhibiting a bearish trend, with downside momentum expected to continue as long as the resistance level at 1.2739 holds firm. Traders should monitor this level closely, as any failure to breach it will likely result in further downward movement. *). The next significant price target on the downside is 1.26900.Traders should consider this level as a potential support area where the price may stabilize or reverse. *). Short Positions: Consider maintaining or entering short positions while the price is below 1.2739. Stop-Loss: Set a stop-loss above 1.2739 to manage risk effectively. Take-Profit: Aim for the 1.26900 level as a potential take-profit point for short positions. Bearish as long as resistance at 1.2739 remains intact.A break above 1.2739 could invalidate the downside bias and potentially lead to a reversal or a new bullish trend. *). Monitor market sentiment and news that may impact price movement.Use technical indicators to confirm trends and entry/exit points. By adhering to these guidelines, traders can better navigate the market's bearish conditions and manage their positions effectively. Shortby vbenking91220
GBPUSD Analysis: Support and Resistance SetupIf you’re into support and resistance trading, GBPUSD might be worth a closer look. 1-Hourly Chart: - Support Level: 1.2704 - Resistance Level: 1.2743 Before engaging in the trade, wait for a MCC to ensure a reliable entry point. What’s your trade plan for GBPUSD? Comment down below and share your strategy! Happy trading!by RaynLim110
AUDUSD Analysis: Shorting Opportunities Amid RetracementFor those eyeing AUDUSD, here's my take: While some might be tempted to buy, anticipating a retracement (UP) due to the recent price action, I'm not focused on buying opportunities. Instead, I have more strategic shorting setups in mind. 4-Hourly Chart: - Resistance Levels : Waiting for a retest at 0.6638 or a retest of the channel for shorting opportunities. 1-Hourly Chart: - Resistance Levels : 0.6595, 0.6613, and 0.6636. - Preferred Entry : 0.6636 is my ideal shorting price, as it aligns with the key resistance level . What's your trade plan for AUDUSD? Comment down below and share your insights! Happy trading!Shortby RaynLim110
GBPUSD is waiting to pull back to the supply zone and sellDear traders! Overall, Gu is preparing for a fall in the negative zone below 1.2750. The reason for the decline is mainly due to the US Dollar outperforming its rivals after impressive labor market data in May. It is expected that GU's downward trend will be more certain in the coming time, we I am waiting to pull back the sideways supply zone and target selling at 1.2585 as indicated.Shortby ConanForexUpdated 5528
Buy EUR-USD on an uptrend platformDear traders! EURUSD is trading on a clear uptrend on the 4-hour chart although the upside momentum is showing clear downside. I expect the horizontal support and trend channel cap to be retested soon to accumulate bullish momentum before resuming growth with a target to retest the 34.89 EMA i.e. 1.0850Longby ConanForexUpdated 222240
The latest analysis after the non-farm payrolls data!Hello, trader. 1. EURUSD retested from the Weekly Trendline. 2. For short Entry we have to wait for the demand zone to break. 3. If demand zone isn't broken we can look for a long setups.by Future-transactionUpdated 1110
GBPUSD | Perspective for the new week | Follow-upThe U.S. dollar made a strong comeback on Friday as the latest economic data revealed a much higher job creation rate than anticipated. The U.S. economy added 272,000 jobs last month, significantly surpassing expectations. This robust job growth suggests that the Federal Reserve might delay starting its easing cycle this year. Additionally, the average hourly earnings increased by 0.4%, up from a 0.2% rate in April, further strengthening the case for a strong dollar. Following this positive jobs report, the likelihood of a rate cut in September dropped to around 50.8%, compared to nearly 70% the previous Thursday. On the other side of the pond, the focus shifts to the United Kingdom, where the Pound Sterling will be influenced by upcoming Employment data, set to be released on Tuesday. The UK has seen a decline in the number of employed people for three consecutive periods. Any further indication of layoffs could weaken the Pound Sterling, increasing speculation that the Bank of England (BoE) might implement early rate cuts. Investors are also keenly watching the UK Average Earnings data, a critical measure of wage growth. The UK's persistent wage growth has been a key driver of high service inflation, posing a challenge to bringing price pressures back towards the 2% target. In this video, we analyze the dynamics between buyers and sellers as they interpret recent economic data and prepare for the upcoming reports this week. GBPUSD Technical Analysis: Will the pound maintain selling pressure below $1.27500? Watch this video for key trades this week. Join the discussion for updates on GBP/USD trading. Stay tuned for more content. Happy trading! Disclaimer Notice: Trading in the foreign exchange market and other instruments carries high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.14:34by darcsherry9
Continue buying USDJPYDear traders! USD/JPY jumped more than half a percent within minutes after the release of US Nonfarm Payrolls (NFP) data on Friday and edged higher to 156.35 after the US Dollar (USD) ) was strong thanks to better-than-expected results, showing that investors' sentiment is very positive. By maintaining this high level, Conan optimistically assesses that in the coming time, the upward trend of this currency pair seems to open up certain opportunities. The break of the resistance area and confirmation of 156.35 as new support creates a medium to long-term buying scenario up to the 158.50 level.Longby ConanForexUpdated 161639
EURCHF Is Bearish! Sell! Please, check our technical outlook for EURCHF. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 0.968. The above observations make me that the market will inevitably achieve 0.965 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProvider223
NZDJPY: Range Trading - LONG and RiskyNZDJPY: Range Trading - LONG and Risky The price is showing the possibility for another bullish wave inside the pattern. However, this is going to be risky this time as long as we have BOJ during the coming week and the market may speculate that BOJ may take further actions. Considering also that the are not consistent in their comment the market can push the price up again in order to develop the pattern more and can wait for BOJ near to the top again. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️Longby KlejdiCuni117
GBP/USD is heading to 1.266666(6/8/2024)GBP/USD faced a big loss after NFP data. Right now the price left a big FVG, and we believe its going to be filled the next week. DXY moved sharply and sentiment around it is bullish as well. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)Shortby fortunamarkets115
GBPJPY will continue bearish movementYes I still remain bearish for this pair. Remain until invalidation level broken.Shortby ewtradersbh7
EURUSD TRADE SETUPWait for retest the key level then take a trade for SELL otherwise skip this setupLongby JinnatAlamSumon5
GBPUSD analysis after positive Nonfarm data📌GBP/USD drops below 1.2720 after encouragement from Nonfarm data. GBP/USD continues its downtrend and trades deep below the key support zone of 1,275. The US dollar outperformed its rivals following impressive labor market data in May, forcing the pair into sharp declines. 📌Next week's markets are in focus on Tuesday with the Change in Claimants, and the UK Average 3-Month/Year Earnings Index. Besides important US economic reports such as CPI, FOMC, PPI and UoM Consumer Preliminary Market Sentiment. 📌GBPUSD's minor intraband trading level is formed by two border zones 1.268 and 1.277. The 1,280 resistance zone still plays a key role in the long-term uptrend of GBPUSD. There may be a slight reaction around 1,280 before GBPUSD breaks out to the important resistance area of 1,288. In the opposite direction, when the currency pair breaks the trendline and continues the downtrend, the support zone at 1,265, the critical zone of the daily frame EMA, will support the currency pair to go up. Resistance: 1.277-1.280-1.288 Support: 1.268-1.265 BUY GBPUSD 1.266-1.264 SL 1.262 SELL GBPUSD 1,288-1,290 SL 1,292 ✍️Note: Break out 1,265 reverses to downtrend, Break out retests resistance 1,280by TVS-Trader6
EURUSD analysis after positive Nonfarm data📌EUR/USD plummets to weekly lows near 1.0800 following US jobs data. EUR/USD is under heavy pressure and trades at a one-week low near 1.0800. The US dollar continued to gain strength following upbeat jobs data, which showed Nonfarm Payrolls increased by 272,000 in May and put pressure on the pair. 📌Markets are focused on the European Parliament Elections, today. Besides important US economic reports such as CPI, FOMC, PPI and UoM Consumer Preliminary Market Sentiment. 📌After breaking through the trendline and the important support zone at 1.08350, gold approached the stronger support level of 1.079. From there a small trading price margin is formed. The recovery next week of EURUSD is insignificant with the highest level being the Break out price range around 1.08600. The pair's decline is favored with a record hit of the 1.07300 support zone possible. Resistance: 1,083-1,086 Support: 1,079-1,073 BUY EURUSD zone 1.073-1.072 SL 1.070 SELL EURUSD zone 1.086-1.088 SL 1.090by TVS-Trader6
USDJPY (Elliott Wave)Hello friends In the USDJPY currency pair, we see a completed 5 wave. We call it wave A or 1. An ascending channel that has modified these 5 waves has been formed and we call it wave 2 or b. Now, in both cases, whether we consider 5 wave impulse or corrective zigzag, in both theories we need another wave in the dominant wave 3 or C to complete the pattern. Now, with this information, a SELL trade can be planned. Because the trend line at the bottom of the channel has been broken and a pullback has been added to it, and the wave counter confirms it, you can enter the sell trade with a stop loss around 158 and a take profit around 152.Shortby M_Gheysvandi8
NZDCADThis pair is clearly bullish but it needs a retracements as soon as possible. I´ll look for only to go long. If price can not reach my interested area before ending of the week I´ll remove the order. thanks and blessings. Longby SGsauragestionUpdated 667