Usdjpy bearish big dip expected read the caption USD/JPY has been struggling to break past the resistance level at 149.55 despite repeated attempts over the past five trading sessions. The Japanese yen remains under pressure as the Federal Reserve signals a more moderate approach to interest rate cuts in its upcoming meetings, contrasting with the broader expectations of more aggressive rate reduction
Forextrader
AUDNZD: Your Trading Plan to Buy 🇦🇺🇳🇿
AUDNZD is currently retesting a recently broken daily horizontal resistance.
For trend-following buying, pay attention to a bullish flag pattern
on a 4h time frame.
Your confirmation will be a violation - a candle close above its resistance.
After that, buy the pair, anticipating a growth at least to 1.108 level then.
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Gbpusd confirm trendline read the caption The US Dollar (USD) gains support from increasing expectations that the US Federal Reserve (Fed) will avoid aggressive interest rate cuts, following a strong jobs report and concerns of sticky US inflation. According to the CME FedWatch Tool, markets are currently pricing in an 88.2% probability of a 25-basis-point rate cut in November, with no anticipation of a larger 50-basis-point reduction
Gold today analysis confirm buy target read the caption This disappointment was followed by China’s consumer and factory-gate price inflation data on Sunday, which showed the extension of the disinflation trend in the world’s biggest consumer, sapping investors’ confidence.
Additionally, intensifying geopolitical tensions between Israel and Iran and also between China and Taiwan remain a cause for concern for investors, and hence, they scurry for safety in the USD at the expense of the Gold pri
Usdchf dropping area confirm sell read the caption week ago today, the USDCHF made a break to the upside and out of the "Red Box" that had confined the pair going back to August 20. The US jobs report was the catalyst for the move higher, but by Monday, the price fell back to the high of that "red box" and even moved within the topside edges of it.
Sellers should have entered on that breach, but the momentum was very modest, and sellers turned back to buyers into Tuesday and reached session - and week - highs on late Wednesday and into Thursday's trade. Those highs reached a swing area between 0.86078 and 0.8619. The high price reached 0.86067.
Usdcad bear and bull analysis read the caption The USDCAD has been trending to the upside since bottoming on October 2 near 1.3472. The momentum over the last eight trading days has taken the price up to a high of 1.37826. That took the price to the low of the next swing area target between 1.3784 and 1.38036 (going back to April 2024 – see the red numbered circles on the chart below)
Nzdusd confirm buy here is a opportunity read the caption The NZDUSD traded above and below the 100-day MA this week but above the 200-day MA (green line) into the mid-week RBNZ rate decision. The central bank cut rates by 50 basis points and that sent the pair below the 61.8% but buyers came in against the 61.8% retracement. The subsequent bounce off the low on Wednesday saw the price move back to the 200-day MA where sellers leaned, putting a lid on the pair.
EURNZD: Overbought Market & Correctional Movement 🇪🇺🇳🇿
EURNZD looks overbought after a test of a key daily resistance.
The price violated a support line of a rising parallel channel
and a neckline of a head & shoulders pattern on a 4h time frame.
With a high probability, the market will keep falling at least to 1.788
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Audusd confirm analysis read the caption The AUDUSD fell to - and through the 38.2% retracement of the move up from the August low at 0.67146 late yesterday, but bounced higher in the Asian session today. The high price in the Asian session extended up to 0.67417 which was just short of the low of a swing area 0.67429.
The subsequent fall back to the downside helped by CPI and initial jobless claims did see a new low reached at 0.66997. That low was ahead of a swing area between 0.6685 and 0.6696. The 100 day moving averages between those levels as well
Gold cross 2700 slowly but surely read the caption Gold price is looking to build on the previous recovery from three-week lows of $2,604 early Friday. Broad risk aversion and a modest US Dollar (USD) downtick support Gold price heading into the US Producer Price Index (CPI) data release due later on Friday.
US jobs worries outweigh hot inflation, lifting Gold price
Gold price continues to cheer the unfazed odds of a 25 basis points (bps) interest rate cut by the US Federal Reserve (Fed) in November. Markets currently price in about an 86% chance of such a move next month
GBPUSD: Detailed Support & Resistance Analysis 🇬🇧🇺🇸
Here is my latest structure analysis
and important support and resistance levels on GBPUSD.
Resistance 1: 1.3235 - 1.3266 area
Resistance 2: 1.3312 - 1.3322 area
Resistance 3: 1.3414 - 1.3434 area
Support 1: 1.3000 - 1.3043 area
Support 2: 1.2860 - 1.2888 area
Consider these structures for pullback/breakout trading.
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Gbpusd downfall big dip read the caption Intraday bias in GBP/USD is turned neutral with loss of downside momentum as seen in 4H MACD. While corrective fall from 1.3433 might extend lower, strong support should be seen from 1.3000 cluster support (38.2% retracement of 1.2298 to 1.3433 at 1.2999) to contained downside. Above 1.3174 minor resistance will turn bias back to the upside for stronger rebound. However, decisive break of 1.3001 will carry larger bearish implications
Eurusd confirm buy trendline read the caption EUR/USD skates on thin ice near the eight-week low of 1.0950 in Wednesday’s European session. The major currency pair stays under pressure as the US Dollar (USD) gathers strength to extend its previous week’s rally further, with the US Dollar Index (DXY) hovering near a seven-week high around 102.60.
The appeal of the US Dollar has strengthened as traders have priced out expectations for the Federal Reserve
Gold move range higher read the caption Tomorrow, we have the US CPI report and that could be a catalyst for either a rally or a selloff. If we get an upside surprise in the data, then we will likely see new lows in gold. Conversely, a very soft report might trigger another rally and take us to a new all-time high
EUR/JPY Short, GBP/NZD Short and USD/CHF ShortEUR/JPY Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
GBP/NZD Short
Minimum entry requirements:
• 4H risk entry.
or
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
USD/CHF Short
Minimum entry requirements:
• 1H impulse down.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
Btc fall badly high volatility read the caption After finding a bottom at $60,700, BTC's performance has left traders somewhat in limbo as they eye $53,000 and $66,000 as two main options for the near future, and as we may see, the bulls are leading the charge as they have managed to take the tug to their side by over 3% so far.
Is another attempt at a new all-time high in play? Based on the recent price action, yes is the more likely answer. However, it is still a long way to go as bulls would first have to defend the weekly close above $60,700, get to $66,001 per BTC and then perhaps hold there for another week
Gold interday movement expected read the caption However, Gold price has managed to keep its corrective downside restricted, thanks to the persistent geopolitical risks emanating from the escalating conflict between Israel and Iran. On Sunday evening, the Israel Defense Forces (IDF) said it struck multiple Hezbollah targets in Beirut, including Hezbollah’s intelligence headquarters. In retaliation, Hezbollah said it also launched a barrage of rockets at northern Israel Sunday night
Gold range higher read the caption Gold price is trading listlessly in a narrow range under the key $2,670 static resistance, lacking a clear directional impetus so far this Thursday. The focus now shifts toward a fresh batch of US economic statistics and speeches from Federal Reserve (Fed) policymakers fresh directives amid the escalating geopolitical conflict between Israel and Iran
Raises gold prices target to hit 2800 read the caption From the all-time high of $2,685 per troy ounce recorded last Thursday, it has lost a good $50. We had pointed out that the last part of the price increase was no longer justified by interest rate expectations. These had also already gone much too far and were therefore scaled back again somewhat in the last few days. This means that Gold currently lacks a key driving force