Hello everyone, let's discuss and strategize our new day! As James mentioned in the previous analysis, the price has rebounded but remains limited below the 1.0727 resistance level with the bullish bias amid a weaker looking US dollar. However, overcoming the 1.0730 resistance clearly remains the challenge and the target. On impact news: Looking ahead,...
Hello everyone, what are your thoughts on the current situation with EURUSD? This currency pair is currently trading steadily above 1.070, and the recovery has continued until Friday, making last week completely favorable for buyers. From the daily chart, the price has reached the 0.618 Fibonacci retracement level, which is a sensitive price point at this time....
Hello everyone, the USD seems to be weakening against the British Pound, giving an advantage to short-term buyers. The uptrend may continue on a break of 1.2467. On H3 we see the trend change, momentum remains bullish on almost every timeframe, then the market moves into a consolidation phase at highs and reaches 1.2467. The market's resistance continues to hold...
Hello everyone, what are your thoughts on the recent movements of USDJPY? Currently, the USD/JPY pair is experiencing a significant uptrend due to the substantial interest rate differential between the United States and Japan. With the Federal Reserve (Fed) setting the Federal Funds Rate at 5.25% - 5.50% and the Bank of Japan (BoJ) keeping its interest rates...
Hi folks today I'm prepared for you Euro analytics. A not long time ago price in a short time rose to the trend line and then made a strong impulse down to the 1.0730 resistance level, which coincided with the resistance zone and even soon broke it. After this movement, the price declined to the support zone, which coincided with the 1.0640 support level, but at...
Hi everybody! FX:EURUSD Thus, in general, after a long period of decline in EURUSD, it has recovered again supported by the strong weakening of the USD. The uptrend could resume with a break of 1.0727. It can be seen that on almost every timeframe EURUSD is showing a positive outlook, so we can expect a breakout scenario at this time. Talking about a...
The EUR/USD pair edged lower in the Asian trading session on Friday, moving away from its two-week high around the 1.0740 level touched the previous day. Currently, the spot price is hovering around 1.0740 in the European session and remains dependent on the price fluctuations of the US Dollar (USD) ahead of key data releases from the United States. Based on...
Hello everyone, let's dive into the current dynamics of USDCAD! Right now, USDCAD is forming what looks like an inverted cup and handle pattern, as depicted in the chart. Keep an eye out for a potential sell entry around the 1.365 level if a breakout occurs as anticipated. If things go as planned, we might see this currency pair make a move towards the 1.356...
The European Central Bank is poised to initiate interest rate reductions in June, potentially leading to a further weakening of the Euro in the coming weeks. In contrast, rate cut expectations in the US have significantly diminished since the end of last year. Financial markets now anticipate, at best, a maximum of two 25-basis point cuts in 2024. Some analysts...
Japan FinMin Suzuki: Will Deal With Forex Appropriately But Declines To Say Whether Forex Moves Are Excessive USDJPY breaks higher as inflation came at 1.7% down from 2.5% expectations, and 2.6% prev reading. Thats very interesting reading. Who would think of this data considering how expensive
The USDCAD is experiencing a slight downward trend on a 4-hour chart, moving steadily within a descending parallel channel. It is in a strong horizontal support level, and I anticipate that the downward movement will continue once it breaks through this support. To confirm this, we will need to see a 4-hour candle close below 1.3657. If this happens, we can...
Very clear SK sequence ON EUR/USD DAILY Time Frame,, Go Short When The Price Touch The 0.618 Of The Fibo...... Good Luck And Happy Trading
The NZDUSD chart shows an ascending triangle pattern following a successful test of a strong horizontal support level. The breakout above the neckline indicates strong buying momentum, suggesting that the pair will likely continue to rise, possibly reaching 0.6010.
All currencies appearing in this post are fictitious. Any resemblance to real currencies, existing or dead, is purely coincidental.
EURAUD after moving in downward channel has broken out of the channel after forming a double bottom structure which indicates bullish reversal. We will wait for our trigger before taking our long position in this pair.
Below are the confluence factors spotted for a potential bearish swing movement. 1. VOLUME: Strong bearish breakout of the rising trendline on the 19th April 2024. 2. DOUBLE TOP: A retest of previously broken Double top neckline. 3. CANDLESTICK: The formation of bearish pin-bar on Thursday 25th, April 2024. 4. TRENDLINE: Sharp bearish rejection at the retest of...
Daily chart: GBPJPY is currently in the 194.762 -194.974 key resistance zone from a technical perspective. If the price does not break the 194.974 level, a bearish pattern will be activated. Consider selling in the red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
Greetings Traders! In this video, I'll provide a comprehensive analysis of the DXY and GBPUSD, offering insights into what to anticipate in tomorrow's trading session. We've reached a crucial juncture on both the DXY and GBPUSD charts, so what lies ahead? Stay tuned for valuable insights, and feel free to leave any questions in the comment section below. Kind...