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USD/CHF: Liquidity Grab at 0.84323 Signals Long SetupThe USD/CHF pair recently grabbed liquidity at the 0.84323 level, aligning with a significant demand area, which has sparked a potential reversal. Following this initial reversal impulse, we are closely monitoring this zone for a long entry. The liquidity grab at 0.84323 is noteworthy, as it indicates a possible shift in market dynamics, with a strong buying interest emerging at this critical level. This demand area has historically provided robust support, making it a key level to watch for a sustained upward move. Our analysis of the supply and demand dynamics supports the case for a long position. The current market structure suggests that the demand zone at 0.84323 is poised to hold, providing the foundation for a bullish continuation. Additionally, the seasonal trends for USD/CHF historically favor upward movements during specific periods, further reinforcing the potential for a price surge. The Commitment of Traders (COT) report adds another layer of confirmation to this setup. The data indicates that large traders and institutions have begun accumulating long positions in USD/CHF, signaling growing confidence in a potential upward trend. Given the confluence of the liquidity grab at 0.84323, the strong demand area, supportive seasonal trends, and bullish signals from the COT report, we are looking to go long on USD/CHF. The technical and sentiment indicators suggest a favorable environment for a price surge, making this a promising opportunity for traders. ✅ Please share your thoughts about USD/CHF in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
1
NZD/CHF: Historical Low Signals Potential ReversalThe NZD/CHF pair recently reached a significant milestone, hitting its lowest historical point around 0.48551. This drop has caught the attention of traders, particularly as it aligns with a potential reversal pattern. Analyzing the situation through the lens of the Commitment of Traders (COT) data and seasonality trends, we've identified a promising opportunity to enter a long position in anticipation of a price surge. The drop to 0.48551 marks a critical level where the pair has historically struggled to go lower, making it a key area of interest for buyers. The significance of this bottom cannot be understated, as it represents a psychological barrier where demand is likely to increase, leading to a potential reversal. The initial signs of this reversal are already in motion, with the price showing signs of recovery from this low. Further supporting our decision is the analysis of the COT report, which provides insight into the positioning of large market participants. The latest data suggests that there has been a shift in sentiment among these traders, with an increasing number of them positioning for an upward move in the NZD/CHF pair. This shift in sentiment is a strong indicator that the pair might be poised for a recovery. Seasonality also plays a crucial role in our analysis. Historically, certain periods have been more favorable for the New Zealand dollar, leading to a rise in the NZD/CHF pair. Our study of seasonal trends aligns with the current technical setup, reinforcing the likelihood of a price surge. In light of these factors—the historical low, COT analysis, and seasonality study—we've chosen to enter a long setup in NZD/CHF, anticipating a significant upward movement in the near future. Traders should consider this opportunity, as the potential for a reversal from this historical low could lead to substantial gains. ✅ Please share your thoughts about NZD/CHF in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
1
NZD/JPY: A Potential Reversal in the MakingThe NZD/JPY pair has recently caught the attention of traders following a notable drop to the 83.000 level. This move downwards was met with significant demand pressure, setting the stage for what appears to be a potential reversal. Starting from last Wednesday, the pair has shown signs of recovery, indicating that a bullish trend might be on the horizon. From a Supply and Demand perspective, the dip to 83.000 acted as a critical demand zone, where buyers stepped in to support the price. This zone, which had previously been tested, held firm, suggesting that there is substantial interest in the NZD/JPY at these levels. As the pair began to rise from this support, it confirmed that the demand pressure was strong enough to halt the decline and possibly reverse the trend. Adding to the bullish sentiment is the analysis of the Commitment of Traders (COT) report. The latest data indicates a shift in positioning among large speculators and commercial traders. These market participants, who often have access to more comprehensive market data and insights, appear to be positioning themselves for a potential upward move in the NZD/JPY. This shift in sentiment among key market players further reinforces the likelihood of a reversal. Seasonality also plays a role in our bullish outlook. Historically, certain times of the year have been more favorable for the NZD/JPY pair, with increased demand for the New Zealand dollar during specific seasons. This seasonal trend, combined with the current technical setup and COT data, provides a strong case for considering a long position in the pair. In conclusion, the recent drop in NZD/JPY to the 83.000 level has sparked a potential reversal, supported by strong demand, favorable COT positioning, and seasonal factors. Traders looking to capitalize on this opportunity should consider a long position, keeping a close eye on further developments in the market. ✅ Please share your thoughts about NZD/JPY in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
1
AUD/USD Rebounds from Yearly Low, Bullish SetupThe AUD/USD pair has experienced a significant rebound after hitting its yearly low around the 0.63500 level. This area, which briefly saw the price dip below support, appeared to be a liquidity grab, followed by a strong reversal in direction. This move indicates a potential shift in market sentiment, with the pair possibly gearing up for a bullish trend. Given this price action, we are now closely monitoring the AUD/USD for a long setup. The rebound from this critical support level suggests that buyers are stepping in, and we anticipate a continuation of this upward momentum in the near term. The current technical landscape, combined with the broader market context, supports the possibility of a sustained bullish movement, making this an attractive opportunity for a long position. ✅ Please share your thoughts about AUD/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
EURNZD Double Top Formation Signals Potential Short OpportunityThe EURNZD currency pair has recently formed a classic double top pattern at a significant supply area, signaling a potential reversal. This double top aligns with broader Forex seasonality trends, reinforcing the likelihood of a downward movement. The confluence of these technical and seasonal factors suggests that the current levels may offer an attractive entry point for short positions. Traders observing this setup on a daily timeframe may find it an opportune moment to capitalize on the anticipated bearish trend. As the pair tests the supply zone for the second time, we are closely monitoring the price action for signs of a sustained reversal. With the added weight of seasonal analysis, this short position aligns with a broader strategy of trading in harmony with established market cycles. We are considering a short position on EURNZD, targeting potential downside as the pair responds to the resistance offered by the supply area and the natural seasonality patterns in the Forex market. ✅ Please share your thoughts about EUR/NZD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
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1
GBP/USD:Anticipating a Bearish Scenario for the British PoundFollowing our successful forecast on the British Pound (link below), we are now poised to take advantage of another shorting opportunity as the price retests the previous supply area. This retest suggests a possible bearish scenario on the horizon. Our analysis is further supported by the latest Commitment of Traders (COT) report, which indicates a notable increase in retail long positions. This influx of long positions among retail traders often precedes a bearish reversal, providing additional validation for our anticipated market movement. As the British Pound retests the supply area, we foresee a potential new bearish impulse forming. This aligns with our strategic outlook, where we aim to capitalize on the expected downward momentum. The convergence of technical analysis and trader sentiment data strengthens our confidence in this bearish forecast. In summary, we are preparing for a bearish scenario for the British Pound, leveraging the retest of the supply area and the insights gained from the COT report. This approach ensures we remain well-positioned to take advantage of the expected market movements. Stay tuned for further updates and detailed analysis. Previous Forecast: ✅ Please share your thoughts about GBP in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
CME:6B1!Short
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3
NZD/USD Continues to Decline Amid Growing Global TensionsThe NZD/USD pair extends its losses for the second successive day, trading around 0.5920 during the European session on Tuesday. This decline is attributed to growing tensions in the Middle East and increasing fears of an economic slowdown in the United States (US). These factors have dampened the appeal of risk-sensitive currencies like the New Zealand Dollar (NZD), contributing to its continued depreciation. Market sentiment has been significantly affected by geopolitical uncertainties, leading investors to seek safer assets. The potential for further escalation in the Middle East is causing caution, and coupled with the prospects of slower economic growth in the US, the NZD is experiencing heightened pressure. From a technical perspective, we are currently refraining from taking any positions. Our focus is on observing the price action as it approaches the demand area around 0.5850. This level is of particular interest as we anticipate that the price may land there soon. Should the price react favorably at this demand area, it could present a potential trading opportunity. In summary, the NZD/USD is under strain due to global tensions and economic concerns. While we are not currently taking any positions, we are closely monitoring the market for a possible reaction near the 0.5850 demand area, which could provide insights into the pair's next movements. ✅ Please share your thoughts about NZD/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
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1
JPY Strengthens Amid BoJ Tightening, USD Faces HeadwindsThe Japanese Yen (JPY) exerted downward pressure on the US Dollar (USD) during the early European session. Despite the USD's initial attempt to recover value following yesterday's decline, the JPY continued to strengthen due to rising expectations that the Bank of Japan (BoJ) may implement further monetary policy tightening. The BoJ recently raised its short-term rate target by 15 basis points (bps), adjusting it to a range of 0.15%-0.25%. Additionally, the central bank announced plans to reduce its monthly purchases of Japanese government bonds (JGBs) to ¥3 trillion, starting in the first quarter of 2026. These moves have bolstered the JPY, adding to its momentum against the USD. Meanwhile, the upside potential for the USD/JPY pair appears limited as the USD encounters significant headwinds. Expectations are growing for a 50-basis point (bps) interest rate cut by the US Federal Reserve (Fed) in September. The CME FedWatch tool indicates a 74.5% probability of this rate cut at the September meeting, a sharp increase from the 11.4% chance reported just a week ago. From a technical perspective, incorporating our Supply and Demand analysis, we missed the initial entry in the Supply area due to a rapid spike that reached our entry point. Nonetheless, we are monitoring for a potential retest of that area for a possible short position. USD/JPY Chart ✅ Please share your thoughts about Japanese Yen Futures in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
CME:6J1!
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1
USDCAD Analysis: Anticipating a New Bullish ImpulseUSDCAD is beginning a new bullish impulse after retesting the previous resistance area, which has now transformed into a strong demand zone. This retest is a crucial technical signal, suggesting that the pair is poised for a potential new upward movement. By examining the Commitment of Traders (COT) report, we observe that the positioning of large traders supports a bullish outlook for the USD against the Canadian Dollar. This sentiment is further reinforced by our supply and demand analysis, which highlights the demand zone as a key level where buying interest has emerged, providing a foundation for the price to move higher. Seasonality trends also play a significant role in our analysis. Historically, this period of the year tends to favor a stronger USD against the CAD, adding another layer of confidence to our bullish forecast. The confluence of these factors—the retest of the demand zone, favorable COT positioning, and positive seasonality—strengthens our expectation of a sustained upward movement in USDCAD. We are closely monitoring the price action and are prepared to capitalize on this bullish setup. Should the price continue to rise from the current levels, we anticipate further gains. However, it's essential to remain vigilant and adapt to any market changes that might influence our analysis. Additionally, for a comprehensive understanding of the factors influencing this expected bullish trend, please follow our detailed analysis on CAD futures provided below. This in-depth analysis will offer insights into the broader market dynamics affecting the Canadian Dollar and support our long position strategy in USDCAD. ✅ Please share your thoughts about USDCAD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
1
USD/CHF: Looking For a Strategic Long PositionUSD/CHF is approaching a critical demand zone, which we have identified as an area of interest for initiating a long position. This potential setup aligns with the current condition of the DXY Index, which is in an oversold state, suggesting a likely upward correction. To capitalize on this opportunity, we are placing a buy limit order within this demand area. Our strategy is further bolstered by the latest Commitment of Traders (COT) report, which reveals a predominance of short positions among retail traders. This contrarian indicator supports our bullish outlook, as retail traders are often on the wrong side of the market. Our Supply and Demand approach has consistently provided us with reliable entry and exit points. In this case, the demand zone around the current price level presents a promising entry point for a long position. By combining this approach with the oversold condition of the DXY Index and the COT report's insights, we anticipate a favorable risk-reward scenario. Our analysis also considers seasonal trends and market sentiment. Historically, similar conditions have led to significant bullish movements in USD/CHF. We expect the price to find support in the demand zone and subsequently initiate a new bullish impulse. As we set our buy limit order, we are looking for confirmation through price action and market dynamics. If the price reacts positively within the demand zone, it will reinforce our decision to go long. We will continue to monitor the market closely, ready to adjust our strategy as new data and price movements unfold. ✅ Please share your thoughts about USDCHF in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
3
USD/JPY Reaches Key Demand Zone: Is a Bullish Reversal Imminent?The Japanese Yen (JPY) has extended its winning streak against the US Dollar (USD) for the fifth consecutive session on Monday. This consistent momentum is driven by increasing expectations that the Bank of Japan (BoJ) may further tighten its monetary policy. The BoJ's potential shift towards a more hawkish stance is attracting significant market attention, as investors anticipate changes that could impact the currency's value. Additionally, the unwinding of carry trades, where investors borrow in low-yielding currencies to invest in higher-yielding assets, is providing sustained support for the JPY. This unwinding trend suggests a repositioning of investments that favors the Yen, contributing to its recent strength. From a technical standpoint, the current price action has led the USD/JPY pair to a strong demand area, which aligns with multiple indicators pointing to a potential bullish reversal. Firstly, the pair has entered an oversold condition, suggesting that the selling pressure might be overextended and a corrective bounce could be on the horizon. Secondly, there is the potential start of bullish seasonality, a period during which historical data shows the JPY typically performs well. This seasonal trend could further bolster the case for a rebound. Our supply and demand strategy, which focuses on identifying key levels where price imbalances occur, indicates that the current demand zone is a critical area for a potential price reversal. This strategy has been effective in highlighting areas where buying interest may outweigh selling pressure, leading to upward price movements. Given the confluence of these technical factors, we are closely monitoring the price action for a long setup. We are particularly attentive to the behavior of the USD/JPY pair in this demand area. Should the price action confirm our expectations, we will look to enter a long position, anticipating a rebound. This approach aligns with our broader market analysis and strategic outlook, which aim to capitalize on identified opportunities supported by both technical indicators and market fundamentals. ✅ Please share your thoughts about USD/JPY in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
1
EUR/USD Surges to New Highs Amid US Dollar WeaknessThe EUR/USD pair extended its rally early Monday, reaching its highest level since March at approximately 1.0970. Disappointing labor market data from the US caused a significant selloff of the US Dollar (USD) during the American session on Friday. Nonfarm Payrolls in the US increased by 114,000 in July, falling well short of the market expectation of 175,000, and the Unemployment Rate rose to 4.3% from 4.1% in June. In response to the July jobs report, the CME FedWatch Tool indicates that markets are nearly fully pricing in a 50 basis point Federal Reserve (Fed) rate cut in September. The technical outlook for EUR/USD shows overbought conditions, suggesting that the pair may continue to rise toward the next supply area around 1.1033, where a price reversal is possible. It will be crucial to monitor the COT report in that area. We are planning to place a pending order in anticipation of this movement. ✅ Please share your thoughts about EUR/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
by FOREXN1
5
EUR/GBP Finds Support at 0.8400: Potential for a Bullish SetupAs anticipated, the EUR/GBP currency pair has found support around the 0.8400 level, aligning with our previous forecasts. This area has proven to be a strong demand zone, where buyers seem poised to initiate a retracement, potentially driving the price higher. Currently, the EUR/GBP pair remains within a consolidation phase. However, market sentiment indicates that buyers are preparing to step in, suggesting a possible upward movement. The current market conditions also coincide with a seasonal trend, historically known to favor an increase in EUR/GBP value over the coming weeks. Our comprehensive analysis of supply and demand dynamics supports the outlook for a bullish retracement. We are particularly focused on identifying long position opportunities, as the demand area around 0.8400 demonstrates significant support for the pair. Traders should watch for confirming signals of a breakout from the consolidation phase, which could mark the beginning of a sustained upward trend. In conclusion, the EUR/GBP is showing promising signs of a rebound from its current support level. With the convergence of technical analysis and seasonal factors, we are optimistic about the potential for a bullish retracement. Monitoring the pair closely for entry points in long positions could yield favorable trading opportunities in the near future. ✅ Please share your thoughts about EUR/GBP in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
3
USD/JPY Analysis: Anticipating a New Bullish ImpulseUSD/JPY, after retesting the demand area around $149.000, shows potential for initiating a new bullish impulse. This technical retest suggests the possibility of a fresh upward leg in the pair's price movement. By examining the Commitment of Traders (COT) report, we notice significant bullish sentiment among large traders, indicating support for a long position in USD/JPY. This aligns with our supply and demand analysis, which identifies the $149.000 level as a crucial demand zone where buying interest has emerged, providing a solid base for the price to move higher. Seasonality trends also favor this bullish outlook. Historically, this period tends to see strength in USD/JPY, adding confidence to our expectation of a new long setup. The combination of the retest of the demand zone, positive COT positioning, and favorable seasonality trends reinforces our anticipation of a bullish continuation. We are closely monitoring the price action and are prepared to enter a long position, expecting further gains from the current levels. This comprehensive approach, considering technical, sentiment, and seasonal factors, supports our strategy for a bullish setup in USD/JPY. Japanese Yes Futures: ✅ Please share your thoughts about USD/JPY in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
6
AUD/USD Trend Analysis: Exploring Potential Reversal ScenariosAUD/USD extends its gains on Thursday despite the release of soft Consumer Inflation Expectations for July by the Melbourne Institute, reflecting subdued consumer expectations on inflation over the next 12 months. The upward movement in the AUD/USD pair is underpinned by increasing speculation that the Reserve Bank of Australia (RBA) might delay joining the global trend of interest rate cuts or even consider raising rates anew. From a technical standpoint, our analysis identifies a significant supply area affecting major currency pairs against the USD. This area is characterized by a convergence of supply-demand dynamics, seasonal influences, and the key 78.6% Fibonacci retracement level. These factors collectively reinforce our confidence in the potential for a reversal in the price trajectory. ✅ Please share your thoughts about AUDUSD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
6
GBP/USD Continues Downtrend, Aligns with Supply ForecastGBP/USD has extended its decline after reaching our predicted supply area, as outlined in our previous analysis. (Link below.) Prolonged Downtrend Expected The current trend suggests that the price may continue to fall over the next few months, potentially reaching the demand area around 1.24 before experiencing a new bullish impulse. This aligns with our forecast, anticipating a bearish phase until October. Anticipation of Monetary Policy Announcements Traders are awaiting key monetary policy announcements from the Federal Reserve on Wednesday and the Bank of England on Thursday. These events are expected to inject fresh volatility into the market, possibly pushing GBP/USD even lower. Market Sentiment and Indices Meanwhile, the UK's FTSE 100 Index has dipped by 0.3%, while US stock index futures are trading marginally higher, reflecting a cautious market stance. Strategy and Outlook Given these conditions, we maintain our bearish outlook and continue to hold our short position, anticipating further downward movement in GBP/USD. Previous Forecast: ✅ Please share your thoughts about GBP/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
1
EUR/USD Faces Pressure with New Week's StartEUR/USD continues to face downward pressure as the new week begins, struggling to gain recovery momentum ahead of Tuesday's significant macroeconomic data releases. The US Dollar is currently exhibiting strong momentum, and historically, during this time of the year, our analysis indicates that the USD tends to strengthen until October or November before experiencing a retracement. Following the negative correlation in EUR/USD, we opened a bearish setup last week, and our forecast remains bearish. Early Tuesday, data from Germany revealed that the Gross Domestic Product (GDP) contracted at an annual rate of 0.1% in the second quarter. Despite this reading, there was no noticeable market reaction. Later today, the US economic docket will feature the Conference Board's Consumer Confidence data for July and the JOLTS Job Openings for June. A significant increase in job openings could bolster the USD and weigh on EUR/USD. Our forecast for the EUR/USD remains bearish. Additionally, the Commitment of Traders (COT) report shows an increase in retailer longs, which further supports our bearish outlook. Based on our analysis and current market conditions, we maintain a bearish forecast for EUR/USD. Stay tuned for further updates as we continue to monitor market developments. Previous Forecast: ✅ Please share your thoughts about EUR/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
1
GBP/JPY: Monitoring Supply Area at 201.900Following the successful attainment of our previous target on GBP/JPY, we are now focusing on identifying the next trading opportunity with this cross pair. Our analysis has pinpointed a significant supply area around the 201.900 level. Currently, the price is undergoing a pullback after a period of strong bearish momentum. This pullback suggests that the supply zone at 201.900 could serve as a pivotal point where the price might resume its downward trajectory. We believe that this area presents a viable opportunity for another bearish leg, aligning with our ongoing bearish outlook for the pair. In anticipation of this potential movement, we are preparing to add a new short position if the price reaches the supply area. To effectively execute this strategy, we are setting a sell limit order at 201.900. This approach will allow us to enter the market at a favorable level and capitalize on the expected continuation of the bearish trend in GBP/JPY. Overall, our strategy is to leverage the identified supply zone to potentially enhance our trading position, aligning with our forecast for further downward movement. Previous Forecast : ✅ Please share your thoughts about GBP/JPY in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
1
USD/CHF Continues to Decline After Reversing at 0.9225The USD/CHF currency pair has been on a steady decline following a significant reversal at the 0.9225 level, where the price started to exhibit bearish behavior. This shift in trend has captured the attention of traders and analysts alike, prompting a deeper examination of the market conditions and potential future movements. In analyzing the Commitments of Traders (COT) report, it becomes evident that positioning has shifted, suggesting a bearish sentiment among large speculators. This insight, combined with seasonal trends, indicates that the USD/CHF pair may be poised for further declines in the short term. Historical data shows that certain periods of the year tend to favor either bullish or bearish movements in currency pairs, and the current seasonality seems to support a continuation of the bearish trend. Moreover, our supply and demand analysis reveals critical levels where price reactions are likely. The demand area around 0.8680 stands out as a significant support zone. This level has historically acted as a stronghold, where buying interest could potentially reverse the ongoing downtrend. Should the price breach this level, the next demand area to watch is lower, where further price stabilization could occur. As we monitor these levels, it is crucial to look for confirming patterns before committing to a trade. Patterns such as double bottoms, bullish engulfing candles, or other reversal signals within these demand zones will be key indicators of a potential trend change. By waiting for these confirmations, we aim to minimize risk and increase the probability of a successful trade. ✅ Please share your thoughts about USD/CHF in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
by FOREXN1
1
USD/JPY: JPY Maintains Upward MomentumThe Japanese Yen (JPY) continues its upward momentum against the US Dollar (USD) for the fourth consecutive session, reaching the 152.000 mark yesterday. This strength in the Yen is attributed to traders unwinding carry trades in anticipation of the Bank of Japan’s (BoJ) policy meeting next week. The upcoming BoJ meeting is highly anticipated, with expectations of an interest rate hike. This speculation has led short-sellers to close their positions, bolstering the JPY. Additionally, the BoJ is expected to announce plans to taper its bond purchases, aiming to scale back its extensive monetary stimulus program. Meanwhile, the US Dollar could find support as recent US PMI data showed a faster expansion in private-sector activity for July. This data highlights the robustness of US economic growth despite high interest rates, giving the Federal Reserve (Fed) more flexibility to maintain its restrictive policy stance if inflation does not ease. Technical analysis suggests that the JPY/USD pair may continue its bearish trend, with potential support levels around 148.160 and further down at the demand zone of 142.210. These areas could provide solid entry points for traders anticipating a USD rebound. Currently, we are not planning any trades but are monitoring the price movements towards these key levels for potential buying opportunities. ✅ Please share your thoughts about USD/JPY in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
by FOREXN1
1
Potential Bearish Trend for NZD/USDThe NZD/USD currency pair may be entering a new bearish trend. After retesting the 0.6220 area, the price experienced a technical rebound at the resistance level, subsequently revisiting the previous supply area. This sequence of movements indicates a potential downward trajectory. In our analysis, we have observed that the market dynamics are aligning with a bearish outlook. The resistance at 0.6220 has proven to be a significant hurdle for the bulls, and the price action suggests that the bears are gaining control. We are now closely monitoring this pair for a bearish setup. Our objective is to anticipate and capitalize on the next downward movement. Key indicators and market sentiment support this bearish outlook, suggesting that the NZD/USD may continue to decline as it tests lower levels of support. Investors and traders should consider the broader market conditions and sentiment around the NZD/USD pair. Economic indicators, global market trends, and geopolitical developments will also play crucial roles in shaping the future direction of this pair. ✅ Please share your thoughts about NZDUSD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
1
USD/CHF Analysis: Bearish Trend and Potential Reversal ZonesThe USD/CHF continues to decline and may encounter its first support in the demand area around the 0.8800 level. This ongoing downward movement has prompted us to close a previous short position on this pair, which you can find linked below. Recently, the Swiss National Bank (SNB) reduced its key interest rate by 25 basis points for the second consecutive meeting in June. This decision was influenced by subdued inflationary pressures and the resilience of the Swiss Franc, contributing to the current bearish trend in USD/CHF. The rate cut underscores the SNB’s efforts to stimulate the economy amidst low inflation, which in turn has strengthened the Franc. Looking ahead, the bearish pattern in USD/CHF may persist until the first week of August. However, we are closely monitoring potential reversal zones. The next key demand areas, as indicated in the chart, could provide opportunities for a reversal if the bearish trend loses momentum. Traders should remain vigilant and watch for any signs of a trend change, particularly around these demand areas. Identifying these zones is crucial for planning potential entry and exit points in anticipation of a market reversal. For further details and to review our previous short position, please refer to the link below. ✅ Please share your thoughts about USD/CHF in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
1
USD/CHF Dips as Strong Swiss GDP Data Boosts FrancThe USD/CHF pair experienced notable selling pressure around the 0.9100 mark on Thursday during early European trading hours. This downward movement was primarily driven by the Swiss Franc (CHF) gaining traction following the release of a stronger-than-expected Gross Domestic Product (GDP) report for Switzerland in the first quarter (Q1) of 2024. As a result, the USD/CHF pair is currently trading 0.35% lower for the day. Switzerland's economy continued to show resilience and growth in Q1, as reported by the State Secretariat for Economic Affairs (SECO) on Thursday. The country's GDP increased by 0.5% quarter-over-quarter (QoQ), which exceeded both the previous quarter's growth of 0.3% and market expectations. On a year-over-year (YoY) basis, the GDP figure rose to 0.6%, outperforming the market consensus of 0.5%. This strong economic performance provided substantial support to the Swiss Franc, consequently driving the USD/CHF pair down to its weekly lows. The positive GDP data highlights the underlying strength of the Swiss economy, suggesting robust economic activity despite global uncertainties. The stronger economic performance is likely to influence the Swiss National Bank's (SNB) monetary policy stance, potentially leading to a more hawkish outlook, which further supports the CHF. From a technical perspective, the USD/CHF pair shows signs of a potential bearish reversal. On higher timeframes, a divergence has been observed, indicating that the recent price action might not be sustainable. The pair has also reached a significant demand area, as identified in the red rectangle, which has historically acted as a support zone. This confluence of technical factors suggests that the USD/CHF pair may be poised for further downside movement. Additionally, the broader market sentiment and the performance of the US Dollar (USD) also play a crucial role. The USD has faced pressure from mixed economic data and shifting expectations regarding the Federal Reserve's monetary policy. If the US economic indicators continue to show signs of slowing growth or if the Federal Reserve adopts a more dovish stance, the USD could weaken further, adding to the bearish outlook for the USD/CHF pair. Given these fundamental and technical factors, we are looking for a bearish setup on the USD/CHF pair. Investors and traders should closely monitor upcoming economic data releases, particularly from Switzerland and the United States, as well as any statements from central bank officials, which could provide further insights into the potential direction of the pair. In summary, the combination of strong Swiss economic performance, technical indicators pointing to a potential reversal, and the broader market dynamics suggests that the USD/CHF pair may continue to face downward pressure. This creates an opportunity for traders to consider bearish strategies, taking advantage of the current market conditions.
Short
by FOREXN1
3