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Canadian Dollar vs US Dollar: Recovering from The Bearish HugsIn previous posts, we have already begun to look at the key factors that have driven the U.S. outperformance over the past decade. The U.S. market dominance is largely due to the rapid rise of tech giants (such as Apple, Microsoft, Amazon, and Alphabet), which have benefited from strong profit growth, global market reach, and significant investor inflows. Underperforming Internationally Markets outside the U.S. have faced challenges such as multiple stifling sanctions and tariffs, slowing economic growth, political uncertainty (especially in Europe), a stronger U.S. dollar, and the decline of high-growth tech sectors. The Valuation Gap By 2025, U.S. equities will be considered relatively expensive compared to their international peers, which may offer more attractive valuations in the future. Recent Shifts (2025 Trend) Since early 2025, international equities have begun to outperform the S&P 500, and European and Asian equities have regained investor interest. Global market currencies are also heavily dependent on the US dollar. Factors include optimism around the following three main themes. DE-DOLLARIZATION. DE-AMERICANIZATION. DIVERSIFICATION. De-dollarization is the process by which countries reduce their reliance on the US dollar (USD) as the dominant global reserve currency, medium of exchange, and unit of account in international trade and finance. This trend involves a shift away from the centrality of the US dollar in global economic transactions and towards alternative currencies, assets or financial systems. Reasons for De-dollarization The move towards de-dollarization is driven by geopolitical and economic factors: Backlash against US economic hegemony: The US often uses the dollar's dominance to impose sanctions and exert political pressure, encouraging countries to seek financial sovereignty. Rise of emerging economic powers: Emerging economies such as China and groups such as the BRICS are seeking to reduce their vulnerability to US influence and promote regional integration and alternative financial infrastructures. Geopolitical tensions: Conflicts such as the war in Ukraine have increased efforts by countries such as Russia to withdraw dollars from their reserves to avoid sanctions. Summary De-dollarization is a complex, ongoing process that reflects a gradual shift away from the global dominance of the US dollar. It involves diversifying reserves, using alternative currencies and assets, and creating new financial systems to reduce reliance on the dollar. Driven by geopolitical tensions and the rise of emerging economic powers, de-dollarization is challenging the entrenched role of the dollar, but is unlikely to completely replace it anytime soon. Instead, it is leading to a more multi-polar monetary system in international finance, increasing demand for alternative investments in the US. Technical Test The main technical chart is presented in a weekly perspective, reflecting the performance of the Canadian dollar against the US dollar FX_IDC:CADUSD over the long term. With the positive dynamics of the relative strength indicator RSI(14) continuing, a breakout of flat resistance near the level of 0.72 is noted, with the prospect of a possible price increase to 0.80, parity in the currency pair and strengthening of the Canadian dollar to historical maximums, in the horizon of the next five years. -- Best wishes, @PandorraResearch Team 😎
by PandorraResearch
1
Dollar Outlook Ahead of Jobs ReportThe dollar index is attempting a comeback, but the 100.20–100.50 zone has so far formed a strong resistance. Today’s jobs report will be key for determining the short-term direction. Nonfarm payrolls are expected to rise by 138k. This could be the last relatively strong report before the effects of tariffs begin to weigh on the labor market. Leading indicators already show significant pressure on trade and transportation employment, though the full impact is likely to emerge in future reports. Still, we may see early signs of softness today. As the economy comes out of winter, there could be some temporary strength in weather-sensitive sectors. Overall, I expect a slight beat in today’s nonfarm payrolls data. If unemployment also holds at 4.2%, the dollar could respond positively. Positive reaction to the payrolls data usually do not pass around 1% gains. An interesting detail: TVC:DXY has risen after each of the last eight jobs reports, regardless of whether the data was strong or weak. That trend might end today, though, as the dollar is no longer in an established uptrend. If the 100.20–100.50 resistance zone breaks, the dollar could climb toward 101.50 in the coming days. However, the broader outlook remains negative. Please check our longer-term analysis here:
TVC:DXY
by ftdsystem
XAU/USD (Gold) H1 Breakout (29.04.2025)The XAU/USD Pair on the H1 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position around Trendline Of The Pattern. Target Levels: 1st Support – 3158 2nd Support – 3025 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
FX:XAUUSDShort
by KABHI_TA_TRADING
30
BTCUSDT forming a Bullish Flag patternBitcoin (BTCUSDT) is currently forming a classic bullish flag pattern on the daily chart, often regarded as a strong continuation setup in technical analysis. The breakout from the prior descending wedge has already provided strong bullish momentum, and now BTC is consolidating just below key resistance, signaling the next possible leg upward. With volume steadily increasing during this consolidation phase, this flag pattern holds significant potential for a breakout rally. The price structure reflects healthy accumulation, where smart money seems to be stepping in before the anticipated surge. The flagpole leading up to the pattern shows strong bullish dominance, and the sideways flag structure suggests that Bitcoin is merely taking a breather before pushing higher. A confirmed breakout from the flag could target an upside of 20% to 30%+, aligning with the projected price move shown on the chart. Fundamentally, Bitcoin continues to gain mainstream traction, and the broader crypto sentiment is turning positive again. The volume patterns and technical indicators reinforce the bullish outlook. Investors are showing renewed interest, especially as BTC holds above key psychological and structural levels, which adds confidence to the continuation narrative. This setup is ideal for breakout traders and investors looking to capitalize on short to mid-term gains. If the bullish flag plays out as expected, BTC could make another significant move toward its all-time high zone. ✅ Show your support by hitting the like button and ✅ Leaving a comment below! (What is You opinion about this Coin) Your feedback and engagement keep me inspired to share more insightful market analysis with you!
Long
by Alpha-GoldFX
Dollar Doomsayers Are Dead Wrong: Why USD Will Crush It in 2025.Road To a Million fam! It’s your boy, back from the wilderness after a hiatus that felt longer than a bear market in a crypto crash. I’m pumped to be here, ready to drop some truth bombs, dissect the markets, and—most importantly—help us all make some serious bank. Buckle up, because there’s a ton to unpack, and we’re diving headfirst into the biggest elephant in the room: the U.S. dollar (USD). Spoiler alert: it’s not dead, it’s not even close to dead, and anyone saying otherwise is probably shorting it while crying into their latte. Let’s get into it! The Dollar Drama: What’s the Deal? If you’ve been anywhere near a financial newsfeed in 2025, you’ve heard the doomsday choir singing, “The dollar is done! Kaput! Finito!” The Dollar Index (DXY) is down 8% this year, and the Twitter (sorry, X) finance bros are out here proclaiming the end of the greenback’s reign as the world’s reserve currency. They’re screaming about de-dollarization, BRICS taking over, and gold mooning like it’s 1971. Meanwhile, I’m over here sipping my coffee, looking at the charts, and laughing. Why? Because the dollar’s obituary is the most exaggerated piece of fan fiction since Twilight. Let’s cut through the noise and get to the meat. The USD has taken a beating, sure, but an 8% drop in a year doesn’t mean it’s packing its bags and moving to the Bahamas. The dollar is still the king of global trade, the backbone of international commerce, and the currency you need if you’re, say, India buying oil from Saudi Arabia. No one’s trading rupees for barrels, folks. They’re selling rupees, buying dollars, and getting that black gold. That’s the reality, and it’s not changing anytime soon. So, why the panic? Why is everyone acting like the dollar’s about to be replaced by Dogecoin or a shiny new BRICS coin? Let’s break it down, roast the naysayers, and then talk about how we’re gonna make money off this drama. Because, let’s be real, that’s why you’re here. Why the Dollar’s Down (But Not Out) First, let’s address why the DXY is down 8% in 2025. The Dollar Index, for those new to the game, measures the USD against a basket of major currencies—56% euros, plus some GBP, JPY, CHF, CAD, AUD, and a sprinkle of others. It’s like a currency Thunderdome: one dollar enters, a bunch of others try to take it down. When the DXY drops, it means the USD is weakening relative to these currencies. But why? Interest Rate Shenanigans: Central banks are the puppet masters of forex markets, and their interest rate moves are like plot twists in a soap opera. The U.S. Federal Reserve cut rates by 25 basis points to 4.25–4.5% on December 18, 2024, signaling a slightly dovish stance. Meanwhile, the Eurozone slashed its rate to 2.25% on April 17, 2025. That’s a 2% differential in favor of the U.S., which is huge in forex land. But the market’s been spooked by the Fed’s cut, thinking it’s the start of a softening cycle, while other central banks (like the ECB) are also cutting, creating a weird global rate limbo. Inflation Tug-of-War: Inflation in the U.S. is at 2.4%, while the Eurozone’s at 2.2%. That means U.S. investors are getting a real return of about 2% (4.25% interest minus 2.4% inflation), while Eurozone investors are basically breaking even (2.25% minus 2.2% inflation). Money flows where it’s treated best, and right now, the U.S. is the VIP lounge. But short-term traders are freaking out over inflation fears and potential rate cuts, which has pressured the USD. Trump’s Tariff Tantrums: Oh, Donald. The man’s back in the White House, tweeting (X-ing?) up a storm about “Making America Great Again” with tariffs left, right, and center. His trade war threats—10–20% tariffs on imports, 60% on Chinese goods—have markets jittery. A stronger dollar could make U.S. exports pricier, so some traders are betting on a weaker USD to balance things out. Spoiler: I think they’re wrong, and I’ll explain why later. De-Dollarization Hype: The BRICS bloc (Brazil, Russia, India, China, South Africa, and friends) has been pushing for a non-USD trade system, with talks of a new currency or gold-backed system. This has fueled the “dollar is doomed” narrative. But let’s be real: a BRICS coin? Good luck getting China and India to agree on anything, let alone a unified currency. And gold? It’s ripping higher (more on that later), but it’s not replacing the USD for global trade anytime soon. So, yeah, the dollar’s been punched in the face a few times this year. But it’s like Rocky Balboa—it’s taken worse beatings and still comes out swinging. The question is: Is this the end of the dollar’s dominance, or is it just warming up for a comeback? Let’s look at the big picture. The Dollar Ain’t Going Anywhere (Here’s Why) Listen up, because this is where I get on my soapbox and preach. The dollar is not dead. It’s not even on life support. If anything, it’s doing push-ups in the gym, getting ready to flex on the haters. Here’s why I’m so bullish on the USD, and why you should be too. 1. The Reserve Currency Superpower The USD is the world’s reserve currency, and that’s not just a fancy title—it’s a superpower. Over 88% of global transactions (SWIFT data, 2024) are settled in USD. When Russia wants to sell gas to China, they often price it in dollars. When Brazil buys soybeans from Argentina, guess what? Dollars. Even countries with beef against the U.S. (looking at you, Iran) hold USD reserves because it’s the only currency universally accepted for trade. Why does this matter? Because every country needs USD to play in the global sandbox. India’s not paying Canada for oil in rupees. They’re converting to USD or dipping into their dollar reserves. This creates constant demand for the greenback, and that demand isn’t vanishing overnight. Could it fade in a decade? Maybe. But in 2025? No chance. And let’s talk alternatives. Bitcoin? Ha! It’s a speculative asset, not a stable currency for trade. Gold? It’s mooning (up 25% in 2025, per Bloomberg), but you’re not paying for a tanker of crude with gold bars. A BRICS currency? Good luck getting 10+ countries with conflicting agendas to agree on a logo, let alone a monetary policy. The USD’s reserve status is a fortress, and it’s not crumbling anytime soon. 2. Interest Rate Domination Let’s talk money—specifically, where it flows. The U.S. has a Fed funds rate of 4.25–4.5%, while the Eurozone’s at 2.25%. That’s a 2% gap, which is like the Grand Canyon in forex terms. If you’re an investor, where are you parking your cash? In the U.S., where you’re earning a 2% real return (4.25% minus 2.4% inflation), or in the Eurozone, where you’re getting a big fat zero (2.25% minus 2.2% inflation)? This is why the Eurozone’s in trouble. The ECB’s stuck in a trap—low rates to prop up struggling economies like Spain and Italy, but that makes the euro less attractive. Meanwhile, the U.S. is the cool kid at the party, attracting capital like moths to a flame. And don’t forget: the Eurozone’s a mess of 20 countries with one monetary policy but wildly different fiscal policies. Spain’s productivity isn’t Germany’s, no matter what the ECB pretends. The euro’s gonna weaken against the USD, mark my words. 3. Trump’s Dollar Rocket Fuel Love him or hate him, Trump’s policies are about to light a fire under the USD. His “America First” agenda includes bringing manufacturing back to the U.S., which means building factories from scratch. Those factories need raw materials—steel, copper, you name it. And guess what currency they’ll use to buy that stuff? Ding, ding, ding—USD! Plus, Trump’s tariffs (10–20% on imports, 60% on China, per Reuters) will reduce U.S. imports, meaning fewer dollars flowing out of the country. But foreign countries still need USD to repay their dollar-denominated debts (global USD debt is $13 trillion, per the BIS). Less USD supply, same demand? That’s a recipe for a stronger dollar. Trump’s shaking markets like a toddler with a snow globe, but in this case, it’s bullish for the USD. 4. Contrarian Goldmine Here’s a little trading wisdom: when everyone’s screaming the same thing, they’re usually wrong. Right now, 99% of the finance world (or at least the loud ones on X) is saying the dollar’s toast. That kind of extreme sentiment is a red flag. Markets love to screw over the crowd, and when everyone’s shorting the USD, it means the bottom is either in or damn close. I’m calling it: the DXY’s either bottomed already or will soon, probably around 97. When sentiment’s this bearish, it’s like the market’s handing you a gift-wrapped opportunity. And I’m not about to let it pass. The Charts Don’t Lie: DXY Technical Breakdown Alright, enough macro talk—let’s get to the fun stuff: charts. I’ve been staring at these squiggly lines for 20+ years, and they’re telling me the USD’s about to go on a tear. Let’s break it down, from the big picture to the nitty-gritty. Long-Term View: The 20-Year Monthly Chart Zoom out, fam. When in doubt, zoom out. I’m looking at the DXY on a monthly chart, going back to 2005. Each candle is one month, and the trend is crystal clear: up. The DXY’s been cruising in an ascending channel for two decades, like a train chugging along at 200 miles an hour. Sure, it’s hit some bumps—2008, 2011, 2020—but the direction’s undeniable. Right now, the DXY’s sitting around 100, down from its 2024 highs. But it’s still within that bullish channel. I’m drawing trendlines here: a lower trendline connecting the lows (around 97–98) and an upper trendline around 120–125. The price is hugging the lower end, which screams “buying opportunity” to me. My big-picture call? The DXY’s heading to 115–117 by late 2026 or early 2027, maybe even sooner (Jan 2026, anyone?). Why? Because a 20-year trend doesn’t reverse overnight. The dollar’s not dying—it’s just taking a breather before the next leg up. If you disagree, hit the comments. Let’s duke it out. Short-Term View: The 4-Hour Chart Now, let’s zoom in to the 4-hour chart for the past couple of months. The short-term trend’s been down, no question—DXY’s been sliding like a kid on a waterslide. But here’s where it gets juicy: I’m seeing a textbook inverse head-and-shoulders pattern. For the newbies, that’s a bullish reversal pattern, and it’s already played out like a charm. Pattern Breakdown: The left shoulder formed in early April, the head hit a low around April 10, and the right shoulder wrapped up by April 21. The neckline (resistance) was around 99.8–100, and guess what? The DXY broke it like a champ. Trendline Break: On top of that, the DXY smashed through a short-term downtrend line, confirming the bullish vibes. RSI Divergence: Check the Relative Strength Index (RSI). From April 10 to April 21, the price made lower lows, but the RSI was making higher lows. That’s a classic bullish divergence, screaming, “The momentum’s shifting!” We jumped in when the trendline broke, and boom—profits are rolling in. Price Targets and Trading Plan Here’s the game plan, fam. The DXY’s already broken the neckline, so we’re in. Now, we’re watching these levels: Immediate Target: 100.28 The DXY needs to close above 100.28 by the weekend (May 2–3, 2025). If it does, it’s go time. I’m telling you, go all in (responsibly, of course). This level’s key because it’s a minor resistance from prior price action. A close above it confirms the breakout. Next Target: 103–103.5 This is the big one. The 103 zone is a major inflection point—tons of price action and clutter from earlier this year. If the DXY breaks 100.28, it’s got a clear path to 103. Expect some resistance around 100.27 (a support-turned-resistance level), but once it clears that, it’s smooth sailing to 103. Probability: I’m giving this an 80% chance of heading higher, 20% chance of a pullback. Those are odds I’ll take any day. Long-Term Goal: If the DXY follows its 20-year channel, we’re looking at 115–117 by 2026–2027. That’s not a pipe dream—that’s history repeating itself. Trading Tip: We’re already positioned from the trendline break. If 100.28 breaks, scale up. If it pulls back to 97 (the lower trendline), that’s a dream buy zone. But don’t get caught in the daily noise—Trump’s tweets, CPI reports, whatever. Focus on the big picture. Gold, Tariffs, and Trump: The Side Characters I know you’re itching to talk gold, tariffs, and Trump’s wild ride. I’m saving the deep dive for another post (stay tuned!), but here’s the quick and dirty. Gold: Gold’s up 25% in 2025 (Bloomberg), and everyone’s like, “See? Dollar’s dead!” Nah, fam. Gold’s ripping because of tariff fears, geopolitical chaos, and central banks hoarding it like Smaug. It’s not a dollar killer—it’s just doing its own thing. We’ll break it down soon. Tariffs: Trump’s tariff plans (10–20% on imports, 60% on China) are shaking markets. They’ll make imports pricier, reduce USD outflows, and boost domestic demand for dollars. Bullish for USD, bearish for emerging markets. More on this later. Trump: The man’s a market wrecking ball. He’s out here calling for lower rates one day, tariffs the next, and probably tweeting about aliens by Friday. But his manufacturing push and tariff policies are USD rocket fuel. Ignore the noise—focus on the policy. Why You Should Care (And How to Profit) Look, I get it. You’re not here for a PhD in economics—you’re here to make money. So, why should you care about the USD? Because it’s the backbone of the forex market, and where the DXY goes, opportunities follow. A stronger dollar means: Forex Trades: Go long USD/EUR, USD/JPY, or even USD/CAD. The euro’s toast with that 2.25% rate, and the yen’s stuck in Japan’s low-rate purgatory (0.25%, per BOJ). Stock Market Impact: A stronger USD could pressure U.S. multinationals (exports get pricier) but boost domestic firms. Think Walmart, not Apple. Commodities: Oil and metals (priced in USD) could dip as the dollar rises. Short crude if you’re feeling spicy. Emerging Markets: Countries with USD debt (like Turkey or Argentina) are gonna feel the heat. Avoid their currencies like the plague. Here’s how we’re playing it at Edge-Forex: Long DXY: We’re in at the trendline break, scaling up if 100.28 breaks. Target 103, then 115 long-term. Risk Management: Keep stops tight below 99.5 (short-term) or 97 (long-term). Don’t bet the farm—markets love surprises. Stay Nimble: Watch for Fed signals, ECB moves, or Trump’s next X rant. We’ll adjust as needed. The Big Picture: Don’t Get Lost in the Noise I know it’s tempting to get sucked into the daily drama—Trump’s latest outburst, a hot CPI print, or some X influencer shilling a “dollar crash” thesis. But trading’s about cutting through the noise. Zoom out. Look at the 20-year DXY chart. Look at the interest rate gap. Look at the USD’s reserve status. The dollar’s not going anywhere, and it’s about to remind everyone why it’s the boss. My advice? Get out of the short-term clutter. Stop refreshing X every five minutes. Focus on the trends that matter: central bank rates, capital flows, and technical setups. The DXY’s setting up for a monster move, and we’re gonna ride it like surfers on a tsunami. Wrapping It Up: Let’s Make Some Freaking Money Alright, Edge-Forex fam, that’s the deal. The dollar’s not dead—it’s just been napping, and it’s about to wake up with a vengeance. The DXY’s forming a bottom, the charts are screaming “buy,” and the macro setup (rates, Trump, reserve status) is a bullish trifecta. We’re already positioned, and if 100.28 breaks, we’re going big. I’m back, baby, and I’m here to drop regular updates, roast the haters, and help us all stack some serious profits. Got questions? Drop ‘em in the comments. Disagree with my DXY call? Bring it on—let’s debate. Just don’t be that guy shorting the dollar while the rest of us are cashing checks. Stay tuned for the next post (gold’s getting its moment soon), and let’s make some freaking money together. Out!
TVC:DXYLong
by RoadToAMillionClub
9
GOLD market update: range locked / breakout pending🏆 Gold Market Mid-Term Update 📊 Technical Outlook Update 🏆 Market Overview ▪️broke above 3 000 USD ▪️3250 USD S/R cleared as well ▪️Tested 3500 USD key S/R ▪️Rejection at 3500 USD key S/R ▪️pullback in progress currently ▪️locked inside range trading ▪️3275/3365 usd active range ▪️break below 3245 - BEARS take over ▪️break above 3385 - BULLS take over ▪️Bulls targets - 3450/3550 USD ▪️Bears targets - 3050/3150 USD ⭐️Recommended strategy ▪️Wait for a breakout ▪️LONG/SHORT after breakout 🔥 Key Drivers to Watch 🌍 Geopolitics & Trade 🇺🇸🇨🇳 U.S.–China Tariffs: Escalation continues pushing inflation fears & gold demand 🇪🇺 EU–U.S. tariffs (25%) are further straining global trade 💵 Weaker USD = stronger gold sentiment 🕊 Russia–Ukraine Ceasefire Talks 🗓 May 9 (Victory Day): Symbolic date eyed for a possible ceasefire announcement 🇷🇺 Parade vs 🇺🇦 EU leaders visiting Kyiv — all eyes on peace prospects ☢️ U.S.–Iran Nuclear Deal 🗓 April 28: Talks in Rome 🇮🇷 Iran shows readiness — possible easing of Middle East tensions
OANDA:XAUUSDShort
by ProjectSyndicate
37
EURUSD SellHello everyone! The first trade of the day will be on EURUSD. On the 5-minute chart, I’ve set the trade with a Risk-Reward Ratio of 1:1.50 and will open a sell position. The TP target is 1.12920 and the SL is 1.13130. It’s better to activate the trade immediately." Ve sonuna eklememi istediğin mesajla birlikte tam hali şu şekilde olur: Hello everyone! The first trade of the day will be on EURUSD. On the 5-minute chart, I’ve set the trade with a Risk-Reward Ratio of 1:1.50 and will open a sell position. The TP target is 1.12920 and the SL is 1.13130. It’s better to activate the trade immediately. 🔔 I post detailed trade ideas and daily market analysis like this every day on my TradingView profile. 👉 Follow me to get notified and read the full breakdowns.
Short
by Nurlan_PT
XAU/USD - Bearish Flag Pattern (25.04.2025)The XAU/USD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Bearish Flag Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position around Trendline Of The Pattern. Target Levels: 1st Support – 3232 2nd Support – 3188 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
FX:XAUUSDShort
by KABHI_TA_TRADING
42
AUDCHF m15 SellLet the final trade of the day come from AUDCHF. I expect the pair to decline first to 0.52545 and then towards 0.52419 / SL 0,52861. Adjust your risk accordingly and activate the trade. Wishing everyone a profitable day! 📊 Don’t forget — I share these trade ideas daily on my TradingView profile. Follow me there for full analysis and daily setups. 🔔 I post detailed trade ideas and daily market analysis like this every day on my TradingView profile. 👉 Follow me to get notified and read the full breakdowns.
Short
by Nurlan_PT
EURAUD H2 compression BUY/HOLD +150/300 pips🏆 EURAUD Market Update 📊 Technical Outlook 🔸Short-term: BEARS 7650/7700 🔸Mid-term: BULLS 8050/8150 🔸Status: compression wedge 🔸getting ready for a PUMP 🔸noteworthy compression in April 🔸Price Target Bears: 7650/7700 🔸Price Target BULLS: 8050/8150 📊 Forex & Gold Market Highlights – April 30, 2025 💶 EUR/USD Nears 1.1400 - Trading around 1.1390 amid softer U.S. economic data - Investors await German economic indicators and U.S. PCE report - April shows a 5.1% gain, the largest monthly increase since November 2022 💷 GBP/USD Hovers Near 1.3400 - Sterling trades at approximately 1.3379 after testing YTD highs - U.S. JOLTS and Consumer Confidence data missed forecasts, fueling Fed rate cut speculation 🥇 Gold Retreats Below $3,310 - Spot gold at $3,302.58 per ounce, down 0.4% - Decline follows easing trade tensions and a stronger U.S. dollar - Investors focus on upcoming U.S. PCE data and non-farm payrolls report 📌 Market Outlook: - EUR/USD: Potential to test 1.15 if German data supports euro strength - GBP/USD: Eyes on U.S. economic data for direction; support around 1.3300 - Gold: Volatility expected; watch for U.S. economic indicators influencing Fed policy expectations
Long
by ProjectSyndicate
27
Chart Overview (EUR/USD — 4H)Pair: EUR/USD Timeframe: 4 Hour Current Price: 1.13596 Key Concept Highlighted: “This is where money is made — in the retrace, not the rally.” (Focus is on catching retracements, not chasing rallies) --- Technical Breakdown 1. Wave Count (Elliott Wave context assumed) The chart labels wave iii as complete. A corrective move is underway (likely forming wave iv). The next anticipated move is wave v rally to the upside — target zone shown near 1.22000–1.20000. 2. Key Zones Immediate Support/Buy Zone: Small rectangle near the current price (likely minor demand zone). Major Buy Zone: 1.10500–1.11500 (approximate) → Strong demand area backed by confluence of: Previous wave structure support Trendline retest Cluster of economic event icons (suggesting high volatility catalysts) 3. Bias Waiting for price to either: Bounce from the immediate small support (early aggressive long), or Dip deeper into the major buy zone for safer long entries. ---
by Greenfireforex