Get started

Forex market

Lingrid | EURJPY Long from the Potential DEMAND zoneThe price perfectly fulfilled my last idea . It hit the target. FX:EURJPY broke below the January and December lows, testing the psychological level at 157,000. It reached the demand zone around 156,000 - 157,000. Based on this, I expect the market to move higher, potentially reaching the January low. On the daily timeframe, it becomes apparent that the overall price is trading within a consolidation zone, with the current price having reached the bottom of it. Consequently, I anticipate a rebound from the bottom of the zone and downward trendline, indicating a potential upwards momentum. My goal is resistance zone around 159.700 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
6
EUR: A hawkish r-star?The European Central Bank will publish its staff revision on the neutral rate today. President Christine Lagarde said last week that r-star is “a range that does not give a guideline or a destination” and Olli Rehn added yesterday that “we should not constrain our freedom of action because of a theoretical concept”. That said, with the next couple of cuts not particularly up for debate, a lot of the action in pricing is focused on the terminal rate. The scope and timing of US tariffs would have a big say, but while markets await Trump’s move on the EU, today’s report is all markets will get in terms of terminal rate guidance, and we expect a euro reaction. Based on Rehn’s comments and the fact that r-star projections are model-based (i.e. embedding significantly higher inflation than in the past), our best guess is that today’s note will show a relatively high rate and send a hawkish signal. When adding downside risks for US payrolls, we favour a new leg higher in EUR/USD to retest the 1.044 Wednesday highs.
by AccuTrade2000
PROFIT & LEARN: ON FRIDAY MY ALGO USED 100% MARGIN TO SHORT AUD$FX:AUDUSD On Friday I feel asleep at the desk by accident., I woke up and killed my algos, but accidentally left one on. It was purchasing AU/$ shorts into the close at 0.62256. I woke up on Saturday, and noticed 100% of the margin committed to a one sided position. I was sure, come monday my account would be flat. 100% sure. What this taught me. Market prices are sending signals long before the news is. The algo, was doing what it was programmed to do (and what I'd never have done on my own.) The banks knew Tariffs were incoming, I didn't. The banks new to get short, and because of my rules, so did the algo.
by moneymagnateash
4
USDCAD: Tariffs delayedThe elephant in the room The focal point of late has undoubtedly been US President Trump’s proposed tariffs on Canadian goods shipped to the US. A 25% universal tariff rate would be troublesome for the Canadian economy—despite the exemption for energy products. But it would also have a notable stagflationary effect on the US—making it an expensive strategy for Trump. Further, Canada laid out its retaliation strategy which is designed to respond in kind. We still think the tariffs will not be implemented in that form and “deal making” will remain key in the Trump administration’s strategy. Canada not in a good place to begin with Canada remains in a weak negotiation spot politically without a functioning government in place and new elections likely later in 2Q. Moreover, the economy is hurting given its high interest-rate sensitivity and elevated Bank of Canada (BoC) policy rates for some time. Accordingly, the BoC struck a cautious tone in their policy meeting last week and noted their readiness to react to any economic shock in relation to US tariffs. This would be much needed given fiscal stimulus is unlikely to come to the rescue given Parliament remains prorogued until March. USDCAD to retest 1.46 highs—even without tariffs The market reaction to Trump’s proposed tariffs was rather benign and was completely reversed following the delay in implementation. From here, we do not see much of a risk premium priced into USDCAD and, rather, the pair trades below what rates differentials suggest. While we do not expect the tariffs to be implemented in the aforementioned form, a risk of some adverse trade action remains. We think USDCAD can test 1.46 again in the coming months before edging lower later in the year. Broader USD strength might also be enough to get there—even in the absence of tariffs on Canada.
Long
by AccuTrade2000
EUR/GBP - Long Trade SetupThis In my own opinion is a strong looking trade setup. Currently we have a Daily/12/6/4/1 Hour all Bullish Setup. Only smaller TF's are showing LL's Consolidation phase seems to be forming its last leg according to Elliot's Wave Theory telling me we are going to be looking to breakout of this Trend. Previously I predicated price to have another run down to the final Demand zone (I will link my post to that Idea) Indicators confluences - Currently MacD on the daily is showing us we are slowing down with sellers momentum although PA is still bullish giving me more suggested signs we will be having a decent Bullish Run. PM me for more details in this trade setup Good luck to all the traders that follow and make sure to use risk management
Long
by jamesibartram
Cable H1 | Heading into overlap resistanceCable (GBP/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.2466 which is an overlap resistance that aligns close to the 61.8% Fibonacci retracement level. Stop loss is at 1.2523 which is a level that sits above the 78.6% Fibonacci retracement and an overlap resistance. Take profit is at 1.2374 which is a swing-low support that aligns close to the 61.8% Fibonacci retracement level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
USDJPY - BoJ Interest Rate Decision?!Here is our in-depth view and update on USDJPY . Potential opportunities and what to look out for. This is a long-term overview on the pair sharing possible entries and important Key Levels. Alright first, let’s take a step back and take a look at USDJPY from a bigger perspective. For this we will be looking at the H4 time-frame . USDJPY is currently trading at around 155.800 . Our scenarios are in play after the BoJ (Bank of Japan) Interest Rate Decision is out. Let’s take another look at them with more in-depth outcomes. These scenarios are written from just a TA (Technical Analysis) point of view. Scenario 1: BUYS -We broke above 156.700 . With the break of 156.700 we can expect a possible move up to 158.748. With a a further break of this KL (Key Level) we can expect more upside on the pair potentially reaching top of the long-term range sitting at 161.820. Scenario 2: SELLS -We broke below 154.881 . If we break bellow 154.881 we can expect more downside on the pair even up to 152.000. With breaks of this level we could see even lower levels sitting at around 149.394 or “bottom of the long-term range”. IMPORTANT KEY LEVELS: - 161.820; top of the long-term range - 158.748; breaks above would result in more upside - 154.881; breaks below would result in sells - 152.817; breaks below confirming lower levels - 152.030; breaks below confirming lower levels - 149.394; bottom of the long-term range Personal opinion: It’s not advised to enter into sells or buys before we have a clear break or the BoJ Interest Rate Decision data out. For now we are patiently waiting on either breaks to the upside or breaks to the downside. More volatility on the pair is expected tomorrow so be careful. KEY NOTES - USDJPY breaking above 156.700 would confirm buys. - USDJPY breaking below 154.881 would confirm sells. - BoJ Interest Rate Decision is tomorrow. Happy trading! FxPocket
by FxPocket
1