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USDJPY Analysis: Awaiting Market Confirmation Post Fed Rate CutHi Traders, Following yesterday's USD news, the Federal Reserve has reduced the interest rate by 0.25%. It seems the market has already absorbed this news, and our attention shifts back to the USDJPY pair. On Tuesday, my analysis showed a price break above the H4 structure. According to this structure, we can anticipate a continuation of the overall downtrend. However, predicting the exact point where the decline will begin is tricky. We'll need to carefully monitor price movements on smaller timeframes for more clarity. On the 1-hour (1Hr) chart, we're looking for either a new higher high (HH) or a slightly lower high (LH) to complete the current wave structure. Selling at this stage is premature. Instead, we’re looking to buy on the current swing of the 1Hr chart, waiting for a potential failure to make a new HH.
Long
by Charts247TradingAcademy
BTCUSD strong sell opportunity big fallThe dynamics of Bitcoin trading are ever changing  and the failed breakout on The 1-hour chart is a a stark reminder of the volatility and uncertainty inherent in cryptocurrency markets Whether Bitcoin will bounce back or continue its descent is a question only time will answer  For now traders should brace for a potential test of the green support line and prepare their strategies accordingly Stay vigilante keep an eye on the key levels and trade with discipline
BITSTAMP:BTCUSDLong
by Fx_Oliviaa
Xauusd Gold Price: Current Pricing, Prices Chart & Rate Graph Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It’s traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast. Gold now buy 2164 Target 2195 SL 2150
OANDA:XAUUSDShort
by JohnHarry_7
2
GBPUSD: Analysis Pre BOE Rate decision. Today's focus: GBPUSD Pattern – Consolidation Watch Support – 1.2665, 1.2610 Resistance – 1.2751 Hi, and thanks for checking out today's video update. We are looking at the GBPUSD today as the price continues to consolidate in a rough ending diagonal pattern. We have also chosen the cable as we have the UK rates decision to come out later today. Depending on what we see from the BOE, this could be a catalyst to break the price out of its current deadlock. Yes, we do have a consolidation in an uptrend but its not a traditional continuation pattern so we are waiting to see if, and where price breaks ou before we start thinking about directional calls. Rates are expected to remain on hold, so we will be looking for policy clues in the statement. Will we see a breakout today? We have run over scenarios for price and points we will look at for potential confirmation. UK Interest Rate decision is due today at 11:00 pm. Good trading.
by Eightcap
1
SasanSeifi 💁‍♂️ 🟡 XAUUSD /weekly◼In the weekly timeframe, as you can see, the price has been in a corrective phase since it fell below the $2060 range. After experiencing some positive fluctuations, it has once again entered the FAIR VALUE GAP zone. Currently, it's trading around $1851, and the overall trend in the weekly timeframe is bearish. If the price continues to stay below the LOW of the $1885 range and the weekly candle closes strongly bearish, we can expect that the price will continue its correction in the medium term towards the support levels at $1830, $1800, and $1780. To get a better understanding of the price's future movement, we need to monitor how it reacts to these support levels. If the support levels hold and are confirmed on lower timeframes, there might be some partial positive fluctuations.❗❗ ◼On the other hand, if the support ranges break down, the possibility of a more significant correction in the long-term timeframe could be considered.❗ ⭕The important resistance range is $1890 to $1918. ✨What's your opinion? Do you agree? 🔵Remember, always conduct your own analysis and consider other factors before making any trading decisions. Good luck!"✌️ ❎ (DYOR)...⚠️⚜️ Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help! if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌✌
OANDA:XAUUSDShort
by SasanSeifi
EURJPY: Thoughts and AnalysisToday's focus: EURJPY Pattern – Range support test post LH trend break. Support – 157.05 – 155.85 Resistance – 158.40 – 159.40 (area) Thanks for checking out today’s update. Today, we have run over the EURJPY, breaking down the overall price picture and levels we are watching. The JPY has started the week on a strong note with solid gains so far to the EUR, GBP and USD. The GBPJPY is also showing similar signs to the EURJPY, but we zoned in as there have been a few price signals in a row that could be backing up a new move by sellers. Sellers continue to test the range bottom after breaking the fast trend and setting up a new lower high around 158.40 resistance. From here, if sellers are going to try a new run, we would like to see a decent to strong close lower that beats the range and 157.05 support base. Then, we will look for a new move lower that could test 155.85 or below. If price can fight back and close back above 157.05, this could be a sign that seller strength might not be that strong. Have a great day and good trading.
Short
by Eightcap
cad/chf looking for a sell off at this resistance area???hey everyone, back at it again this week! Lets dominate the Charts and set ups this week! with that in mind, also remember we have A LOT of HIGH Impact news events taking place tomorrow and we can see some insane movement please remember information shared is for educational and demo purposes only! Disclaimer -- Past profits don't guarantee a future result, trading is risky and we can loose 100% of our account balance.. NEVER TRADE with money you cant afford to loose!
Short
by therealbinarymaster
EURGBP continues to hold above key support. Hi traders, today we are looking at the EURGBP as buyers continue to hold out above a key level of support. This level has been in play since January 2023. The level we are talking about is seen at .8730, and it also runs down to .8720. This level is seen as a key level as if you switch over to the weekly chart, and you will also see this level clearly. It’s good to see support levels on multiple timeframes, it can also be seen on the 4h, but we are watching primarily from the daily. After yesterday’s failed test lower, buyers have control today. We would like to see a new move to test or break .8808. This move would not only continue to confirm support, but it could also break the current downtrend and start to confirm a breakout of a descending triangle pattern. If we see an upwards break, we will look at the two higher red resistance points as possible areas of rejection. If sellers regain control and take price back to support, this is a worry and could suggest buyers' numbers are not that strong, and sellers could be looking at new lower tests. Do buyers have the number to continue today's move higher? Good trading.
Long
by Eightcap
EUR/USD:Has EUR/USD started to stop the decline and rebound?Fundamentally, the market believes that the probability of the ECB's terminal interest rate of 4.25% this year is 65%, while last week's terminal interest rate was only 4.00%.The European Central Bank's hawkish bets may help the euro limit its losses in the short term. On the technical side, EUR/USD has rebounded since hitting a low near 1.0530 last week. It has now crossed above the short-term moving average, and technical indicators have also shown signs of a low turning point, indicating that there are some buying orders in this position.However, at present, EUR/USD is still subject to the resistance of the previous support level of 1.058. If this position can be broken through, buyers may show interest, so that the rebound and upward trend can continue, and EUR/USD may expand the rebound to the 1.063 position; according to the current market, the 1.053 position seems to have formed support, and the market will definitely be tested repeatedly in the future. If repeated tests determine that the support is effective, EUR/USD is expected to form a structural arc bottom, which is conducive to the rebound of EUR/USD and constitutes a new round of upward channels. If you encounter resistance in the 1.058-1.063 area during the rebound process, you may continue to test the effectiveness of the support at the 1.053 position. Once the support is shown to be invalid, beware of the risk of a downward trend in the EUR/USD market. Overall, EUR/USD is safe, try to short as high as possible, and it can be shorted at the position of 1.063. In order to facilitate you to continue to follow up on my analysis and sharing, you can like and follow me. In addition, you can enter my channel for free in the following ways to follow real-time views and operational strategies. FX:EURUSD OANDA:EURUSD PEPPERSTONE:US500
Long
by Blessed_V
AUD/CAD Possible long incoming (+105 PIPS) If the 22/08 candlestick closes with the 3 MA's crossing in it, I will be looking to open a buy position on AUD/CAD. I will first wait for the 23/08 candlestick to close above 0.889. If we see this scenario happen, we can look at the pair from a bullish perspective, with the RSI crossing the 50 threshold, the candlestick closing above the ichimoku cloud, all while the convergence line is floating above the base line. TP1= 0.906 TP2= 0.911 SL= 0.891 This is my personal TA, please do share your insights!
Long
by mbarbar
2