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USD/JPY Recovers from Below 140.00 Area During BoJThe USD/JPY pair has staged an impressive recovery, pushing toward the 143.00 level in the European morning session, following an initial dip below 140.00. This move comes in response to the Bank of Japan's (BoJ) decision to maintain its ultra-loose monetary policy stance, as widely expected. Governor Kazuo Ueda's press conference reiterated the central bank's cautious approach toward tightening monetary conditions, which triggered a temporary pullback in the currency pair. From a technical standpoint, this recovery aligns with our prior analysis that pointed to a potential reversal within a demand zone near the 140.00 level. This area has acted as a key support, fueling buying momentum and setting the stage for a continuation of the long position. The price action suggests that buyers are still keen to capitalize on dips in the pair, particularly as USD strength remains broadly supported by the Federal Reserve's hawkish outlook. Further supporting the bullish outlook is the Commitment of Traders (COT) report, which shows that retail traders remain bearish on the USD/JPY pair. Typically, a contrarian view of retail positioning can indicate further upside potential, as institutional investors tend to take the opposite side of the trade. With retail sentiment still leaning toward the short side, it opens the door for continued upward movement in the pair, especially if market sentiment shifts further in favor of the U.S. dollar. As we look ahead, the USD/JPY appears poised to target higher levels, with 143.00 acting as an immediate resistance. Should the bullish momentum persist, traders may set their sights on a potential breakout, paving the way for a sustained move higher. All eyes will remain on global central banks and key economic data releases in the coming weeks, as these will likely play a crucial role in shaping the next leg of the USD/JPY’s trajectory. Previous Analysis ✅ 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
3
Gold Price Analysis: Symmetrical Triangle Formation Signals $$##📈 Gold Price Analysis: Symmetrical Triangle Formation Signals Potential Breakout Gold trades within a symmetrical triangle formation on the H1 timeframe, and traders are closely monitoring for a potential breakout. This technical pattern, known for its converging trendlines, often signals an impending price breakout, either upward or downward. Here's what to watch for: 🔺 What is a Symmetrical Triangle? A symmetrical triangle is a continuation pattern in which the price forms lower highs and higher lows , creating two converging trendlines 📊. The market's indecision builds tension, often leading to a significant breakout in either direction as the price consolidates. 🚀 Key Breakout Levels for Gold As gold continues to move within this symmetrical triangle, there are two potential breakout scenarios: 📈 Upside Breakout Target – $2,693: If gold breaks out above the upper trendline of the symmetrical triangle, we can expect bullish momentum to push the price toward the $2,693 level. This would indicate a continuation of the upward trend, attracting buyers and potentially setting the stage for further gains. 📉 Downside Breakout Target – $2,614: On the other hand, a break below the lower trendline would signal a bearish move, with the next potential target around $2,614 . This downside breakout would indicate a reversal or pause in the recent bullish trend, likely driving selling pressure. 🔍 Factors to Watch Several factors may influence gold’s price action and the potential breakout direction: 🌍 Geopolitical tensions and market uncertainty drive safe-haven gold demand, potentially pushing prices higher. 💵 US Dollar strength: A stronger dollar could weigh on gold, increasing the likelihood of a downside breakout. 📉 Interest rates and inflation expectations also play a role, as rising rates could limit gold’s appeal as a non-yielding asset. 🛠 Trading Strategy Traders should consider waiting for a clear breakout above or below the symmetrical triangle before entering a position. A decisive move beyond these key levels— $2,693 for an upside breakout or $2,614 for a downside breakout—could offer strong trading opportunities with defined risk levels. 💡 Conclusion The symmetrical triangle formation on the H1 timeframe indicates that gold is on the verge of a significant move. Monitoring key breakout levels, market sentiment, and external factors like the dollar and interest rates will be crucial in navigating this potential opportunity. Whether gold breaks out to the upside or downside, traders should be prepared for a substantial price move towards $2,693 or $2,614. 🔔 Stay updated with the latest prices and market developments to capitalize on this technical pattern.
OANDA:XAUUSD
by amzadlak
GBPUSD: Cycle peaked. Expect brutal bearish reversal.GBPUSD is neutral on its 1D technical outlook (RSI = 54.143, MACD = 0.08, ADX = 33.338) but still bullish on 1W (RSI = 64.701). After rising nonstop since April and basically not having a long term correction since October 2023, we expect this bullish cycle of GBPUSD to be coming to an end. The Sine Waves structure is further proof of that, as it is past its top where in June 2021 and April 2018 it peaked. We turn long term bearish on this pair, aiming for the S1 level (TP = 1.2100). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1
EURUSD: Bearish reversal if the 1D MA50 breaks.EURUSD is on the lower levels of neutrality on the 1D timeframe (RSI = 46.772, MACD = 0.003, ADX = 17.817) as it reversed aggressively on the 1.12100 R1 level, forming what is so far a DT (double top) on a 1month 1D RSI bearish divergence. The same divergence was formed on the December 28th 2024 HH and it caused a decline to the 0.618 Fibonacci level. The trigger point to sell is always the 1D MA50. Consequently, we will turn bearish if it is crossed, aiming at the 0.618 Fib (TP = 1.08350). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
1
XAU slightly increased after a sharp decline in the previous sesWorld gold regains momentum World gold prices recorded a slight increase of 2,636 USD/ounce, showing a recovery compared to the previous session. In the previous trading session, the price had fallen to 2,629.5 USD/ounce due to pressure from the signal of a moderate pace in the Fed's next interest rate easing cycle. Fed Chairman Jerome Powell spoke at the annual meeting of the National Association for Business Economics (NABE), emphasizing that the economy is in a solid state and the Fed will continue to carefully evaluate input data when considering the next policy adjustment.
OANDA:XAUUSD
by TrategySherpa
Investors stay away from goldAs risk appetite increases, investors are shunning gold, which is often seen as a safe haven asset in times of uncertainty. Earlier, Tim Waterer, market analyst at futures trading firm KCM Trade, said gold still has room to rise to $2,700 an ounce if this week's labor market data could prompt the Fed to cut interest rates by another 0.75 percentage points by year-end. Meanwhile, Bart Melek, head of commodity strategy at TD Securities, said the Fed is on a loose monetary policy path after cutting interest rates by 50 basis points and signaling that rates could fall to 3% by 2026, which bodes well for gold.
TVC:GOLD
by NicoTradingMaster
XAU drops to record low after Fed newsThe global XAU price has retreated from a recent record high on September 30, but is still set for its biggest quarterly gain in more than eight years on geopolitical tensions and a rate cut by the US Federal Reserve. Investors are looking ahead to this week’s US jobs report and non-farm payrolls data due later this week. Bullion’s gains on Monday were limited by some profit-taking and a boost in risk sentiment after Chinese stocks were poised for their best day in 16 years, analysts said.
OANDA:XAUUSD
by NicoTradingMaster
AUDUSD: Top of Megaphone hit. Reversal expected.AUDUSD is almost overbought on its 1D technical outlook (RSI = 68.054, MACD = 0.006, ADX = 53.204) as the price reached the HH trendline at the top of the Megaphone pattern. The 1D MACD printed a sequence almost identical to the December 28th 2023 top, which soon after declined to the 0.5 Fibonacci level. Consequently, we take this as a strong sell signal, aiming at the 0.5 Fib (TP = 0.66500). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1
XAU is supported to increase in priceThe PCE index is a measure of inflation based on changes in personal consumption expenditures and is used by the Fed as its preferred indicator of inflation. Personal spending can reflect consumer confidence. This week's US jobs report is important, according to Marc Chandler, CEO of Bannockburn Global Forex. He said that if the market receives a negative report on the labor situation, gold prices will break out. Conversely, if the report is positive, gold could come under pressure and fall.
OANDA:XAUUSD
by NicoTradingMaster
NZD/JPY Short, AUD/JPY Short and CAD/CHF ShortNZD/JPY Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. AUD/JPY Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. CAD/CHF Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
Short
by StewySongs
1