Get started

Forex

GBP/JPY could break 190 supportThe GBP/JPY is displaying a bearish engulfing candle on its daily chart - and similar patterns are observed on all other major yen pairs. The GBP/JPY outlook has turned bearish as the Japanese yen gains strength amidst falling global bond yields, driven by softer-than-expected US and UK inflation data. Markets have shifted Fed rate-cut expectations forward, leading to a rally in bonds and a decline in yields across major economies. This has boosted the appeal of the low-yielding Japanese yen, especially and Japan's own bond yields have been hitting multi-year highs lately. Japan’s yields, supported by hawkish comments from BoJ Governor Ueda and potential rate hikes, have contributed to narrowing the yield gap with other nations, boosting the yen’s performance. From here, the GJ could drop to take out key support around the 190.00 in the coming days. If that happens, we could see further follow-up technical selling in the days ahead. Key resistance comes between 193.00 to 194.20 area. Yesterday's low (now broken) at 191.50 is now the most important near-term resistance to watch. By Fawad Razaqzada, market analyst at FOREX.com
Short
by FOREXcom
1
$GBIRYY -U.K Inflation Rate (December/2024)ECONOMICS:GBIRYY December/2024 source: Office for National Statistics -Annual inflation rate in the UK unexpectedly edged lower to 2.5% in December 2024 from 2.6% in November, below forecasts of 2.6%. However, it matched the BoE's forecast from early November. Prices slowed for restaurants and hotels (3.4%, the lowest since July 2021 vs 4%), mainly due to a 1.9% fall in prices of hotels. Inflation also slowed for recreation and communication (3.4% vs 3.6%) and services (4.4%, the lowest since March 2022 vs 5) and steadied for food and non-alcoholic beverages (at 2%). Meanwhile, prices decreased less for transport (-0.6% vs -0.9%) as upward effects from motor fuels and second-hand cars (1%) partially offset a downward effect from air fare (-26%). Also, prices rose slightly more for housing and utilities (3.1% vs 3%). Compared to November, the CPI rose 0.3%, above 0.1% in the previous period but below forecasts of 0.4%. The annual core inflation rate also declined to 3.2% from 3.5% and the monthly rate went up to 0.3%, below forecasts of 0.5%.
ECONOMICS:GBIRYY
by Mr_J__fx
EURUSD Is Trading At Strong Support While Finishing A CorrectionEURUSD came lower as expected, broke into the fifth wave we talked about last few weeks, and it finally moved into important support levels at 1.02 area. Notice that we are actually tracking the final leg within this downtrend from 2024 high, so ideally its wave C of a higher degree A-B-C correction, meaning that pair can stabilize still some time this month, ideally after the completion of an ending diagonal around important and golden 61,8% Fibonacci retracement. Even RSI is showing a divergence. A bounce in impulse back above 1.0435 will suggest that low is forming.
Long
by ew-forecast
GBPCHF The Target Is UP! BUY! My dear subscribers, This is my opinion on the GBPCHF next move: The instrument tests an important psychological level 1.1190 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.1256 My Stop Loss - 1.1159 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
DXY - 4H Bearish SignsTVC:DXY has shown an impressive rally from the 100 zone, forming three major bullish legs, each contributing approximately 4% gains. These bullish phases have now brought the index close to the critical 110 level. However, in the third major leg, we observe the formation of three minor legs, signaling some hesitation as it nears the resistance zone. While many expect the index to break through 110 easily, I anticipate price swings around the 109-110 range, and even the possibility of a deeper pullback before resuming its upward trend. With the NFP data release today, we might see increased volatility, offering opportunities for a potential DXY decline before any further rise. Stay alert for sharp market moves! 📉
TVC:DXYShort
by Sober_Trading
8
NZDCHF The Target Is DOWN! SELL! My dear friends, NZDCHF looks like it will make a good move, and here are the details: The market is trading on 0.5121 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 0.5103 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
EURUSD Technical Analysis! BUY! My dear subscribers, EURUSD looks like it will make a good move, and here are the details: The market is trading on 1.0257 pivot level. Bias - Bullish My Stop Loss - 1.0226 Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.0308 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
GBPJPY Massive Long! BUY! My dear friends, My technical analysis for GBPJPY is below: The market is trading on 191.83 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 194.05 Recommended Stop Loss - 190.50 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
From Loss to Opportunity: The GBPJPY Comeback Trade U Can’t MissWe’re back with an update on GBPJPY, breaking down our lessons learned from a stopped-out trade and how we re-entered smarter and stronger. See how we use precise risk management, volume analysis, and Fibonacci tools to set up a 3:1 reward-to-risk ratio trade. This update covers everything from identifying key levels to avoiding common pitfalls. Watch now to see why capital preservation is the cornerstone of long-term trading success!
Short
by BlueOceanFxAcademy
NAS100USD Will Go Down! Short! Please, check our technical outlook for NAS100USD. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 20,839.6. Taking into consideration the structure & trend analysis, I believe that the market will reach 20,544.5 level soon. 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!
OANDA:NAS100USDShort
by SignalProvider
1
GOLD Will Move Lower! Sell! Here is our detailed technical review for GOLD. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 2,686.729. Considering the today's price action, probabilities will be high to see a movement to 2,659.435. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAUUSDShort
by SignalProvider
2
EURCAD Is Bearish! Short! Take a look at our analysis for EURCAD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.478. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.461 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
EURGBP Potential correctionThe EURGBP market recently tested the November high, creating a false breakout on the 4-hour timeframe after sweeping liquidity above the 0.84500 level. Following five consecutive bullish days, a retracement may be on the horizon. Despite the price continuing to register higher highs, a bearish divergence has emerged, signaling a potential loss of upward momentum. With the market now testing the monthly high alongside this bearish divergence, a downward move from the resistance level and channel border appears likely. The key focus is on the support zone around 0.83710
Short
by RTED_Investing
1
#USDCAD 1DAYUSDCAD (1D Timeframe) Analysis Market Structure: The price was supported by a trendline, but after forming a consolidation range near this Resistance, it has broken down, indicating potential bearish momentum. The breakdown suggests that the buyers were unable to hold the trendline, and selling pressure has increased. Forecast: A sell opportunity is anticipated as the breakdown below the trendline and range indicates a shift in market sentiment toward the downside. Key Levels to Watch: - Entry Zone: Consider entering a sell position after a retest of the broken trendline or consolidation range as resistance. - Risk Management: - Stop Loss: Placed above the retest level or recent swing high to manage risk. - Take Profit: Target the next support levels or Fibonacci retracement areas for potential downside targets. Market Sentiment: The breakdown of the trendline support signals bearish sentiment, with further downside likely if the price remains below the retest level. Proper confirmation is recommended before entering the trade.
Short
by PIPSFIGHTER