Entry - EURUSD 1, M3 bullish engulfing on FVG 2, ict said if news 11am NY open or 10.15am was the entry 3, Bos top retest on FVG reversal 4, Market structure shift 5, H4 fib above 61.8 fig and m5 61.8 fib - DXY bearish EUR/USD surrenders intraday gains as ECB officials support further interest rate cuts. The ECB is expected to cut interest rates further by 100...
CAD JPY i use to trade this but the price action looks good. Waiting for Bos low being taken and retest to go bearish.A higher beta CAD/JPY cross pair can be considered as a macro theme play in line with a potential risk-averse environment triggered by Trump’s trade tariffs. Technical analysis suggests a potential new medium-term downtrend phase for CAD/JPY.
he Canadian dollar hit a 4-1/2-year low against its U.S. counterpart on Friday as investors worried about a potential trade war between the United States and Canada and dialed back bets on Federal Reserve interest rate cuts in 2025. The loonie was trading 0.1% lower at 1.4230 per U.S. dollar, or 70.27 U.S. cents, after touching its weakest intraday level since...
The Nasdaq has blasted higher over the past two years, gaining more than 43% last year and now heading for an increase of more than 33% for 2024. This is thanks to the artificial intelligence (AI) boom, as five of the benchmark's most heavily weighted stocks and several others in the top 10 operate in this high-growth area. Today's $200 billion AI market is...
Dollar Index (DXY) continued to go higher on better-thanexpected PPI and softer EUR, following ECB meeting. Focus next on FOMC next week. DXY was last at 107 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note. Head and shoulders pattern have formed “Focus next on FOMC next week. A 25bp cut is more or less a done deal (markets pricing 97%...
AUD/USD bounced sharply and revisited the 0.6470 zone. The US Dollar kept a vacillating tone at the beginning of the week. The RBA is expected to keep its OCR unchanged on Tuesday. The US Dollar (USD) traded in an irresolute fashion on Monday, gyrating around the key 106.00 zone when gauged by the Dollar Index (DXY). Meanwhile, the Australian Dollar (AUD) managed...
Euro was off fractionally this week with EUR/USD defending a rebound off yearly trend support. While the broader outlook remains weighted to the downside, the focus into December is on this recovery with the bulls eyeing a critical pivot zone just higher. Battle lines drawn on the Euro weekly technical chart. In last month’s Euro Technical Forecast we noted that,...
EUR/USD stays defensive below 1.0600 in the European session on Friday. The US Dollar holds ground due to profit-taking and a softer risk tone. Traders refrain from placing fresh bets on the pair ahead of the critical US Nonfarm Payrolls data release.US Nonfarm Payrolls are set to jump by 200K in November after rising by just 12K in October. The United States...
As i mentioned before GBP USD works great with Liquidity taken out Entry 1, Asian low taken 2, OB wicked out 3, Break of structure below 4, 61.8 fib 5, M30 entry
The euro sank on Monday against a strong U.S. dollar on growing concerns about a possible government collapse in France, which would stall plans to curb a burgeoning budget deficit. The greenback, meanwhile, extended gains after strong U.S. manufacturing data from both the Institute for Supply Management and S&P Global reports, increasing the chances that the...
A much busier week in terms of US data will have a major say in whether the Fed cuts rates by 25bp on 18 December. US data poses some downside risks to the dollar, but the continued and expanding threat of tariffs from the incoming Trump administration should limit the size of the correction. French budget politics should also keep the euro soft
GBP/USD Price Forecast: Technical outlook Although the GBP/USD is set for weekly gains of over 1.2%, price action suggests Cable didn’t find acceptance above 1.2700, which could exacerbate a pullback toward the 1.2600 figure. In that outcome, the pair’s next support would be the November 27 daily low of 1.2564, followed by the November 26 low of 1.2506. On further...
The EUR/USD pair ended a three-week losing streak, recovering towards 1.0600 before finally finding sellers. The US Dollar (USD) gapped lower at the weekly opening after reaching fresh 2024 highs against its European rival, with EUR/USD bottoming at 1.0332 on November 22. Trump, tariffs and inflation The week started with headlines indicating that United States...
EUR/GBP looks great! Higher timeframes (H4 & H1) align perfectly. Check the BOS on the order block and note the liquidity grab—high-probability setup!
We have a nice set up USD/CAD reverses an early dip to a two-week low and draws support from a combination of factors. Retreating Oil prices undermines the Loonie and acts as a tailwind for the pair amid a bullish USD. Falling US bond yields might cap gains for the USD and any further appreciating move for the pair.
USD/CAD ticks down after the Canadian Retail Sales data came in line with expectations and the prior release. Steady Canadian Retail Sales growth would weigh on BoC's large rate-cut bets. Investors await the flash US S&P Global PMI data for November. The USD/CAD pair surrenders its entire intraday gains and ticks down as the Canadian Retail Sales data grew...
What a trade! I was on the H4, and it rejected the break of structure—it broke both above and below, showing clear indecision. Then, it formed a clean bearish engulfing on the M30, and that was my signal to enter. As soon as I entered, it started to drop—an incredible move! Ended up being an 80-pip trade, which I managed carefully by holding partials and setting...
Nice trade today pure structure During the trading session on Tuesday, we have seen the Japanese yen strengthen quite sharply in the early hours, only to see a turnaround and give back its gains. Perhaps this was a run into safety as Vladimir Putin and the Russians announced that they were going to ease the restrictions on using nuclear weapons after Ukraine fired...