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FXS/USDTSPOT BUY PLAY: FXS/USDT BROKE the consolidation range & CONSOLIDATING ABOVE IT after retesting it. Looking to accumulate some. Buy Zones are always mentioned on the charts itself with potential TAKE-PROFIT zones. STOP-LOSS = 25% below the average buying price TAKE-PROFIT zones are mentioned in the chart itself. DYOR. Always DO YOUR OWN RESEARCH before taking any trade or before investing your hard earned money. Suggestion/Tip – It is always better to take profit, whether all the zones are bought or not. Suggestion/Tip 2 - When price is moving on right way "it is always recommended to move stop-loss to profit side". If you like the idea and benefited from it please like , share & comment to keep us motivated.
Long
by EsCApetHEmAtRiCS
USDJPY Long Setup, looking strongGood morning fellow Traders! I have been tracking the YENUSD pair with great interest in recent weeks as we have been rebounding from its local low. The pair has a beautiful long-term trend on the higher timeframes, setting the direction I have been looking to trade. We are currently sitting in a sweet spot, the price has been consolidating around 130-137, however, as soon as we have left this range in the past, volatility has kicked in, both ways. We have broken through the high of 137 two days ago, making the idea very plausible and easy to understand. This is my Game Plan: - Clean push above 137 - Pullback onto 137 area, preferably seeing a pullback down to 136.8 - Consolidation on the red line, smooth prices needed here - No big slippage into the box, staying around the red line - Trigger signal once price starts to recover between 137 to 137.2 - Entry upon jumping out of the box This trend setup looks very strong because the higher timeframes support the direction we are trading in. Make sure to follow my Tradingview for more ideas and check out my BNB short post, we are in profits! Thanks for tuning in and let me know if you liked the video in the comments below. Many thanks. TraderCH
Long
by TraderCHgold
7
USD/CAD could be heading to 1.40• BOC pauses rate hikes • Fed gets more hawkish again • US employment sector continues to show strength The USD/CAD has just hit its highest level since November 2022 after the Bank of Canada kept interest rates unchanged at 4.5% and US JOLTS Job Openings came in ahead of expectations at the same time, providing fresh ammunition for the greenback after Powell’s hawkish message on Tuesday. BOC pauses rate hikes The Bank of Canada was a bit more dovish as had been expected, keeping policy unchanged for the first time in 12 months. It acknowledged GDP weakness and employment strength, but there was no mention of excess demand in the policy statement and said the North American economy is to remain weak in the next couple of quarters. • BOC said it expects to hold key rate at current level conditional on economy developing broadly in line with forecasts • BOC is prepared to increase rate further if needed to return inflation to 2% target (they had to add this, to hedge their bets like all other central banks – right?) • The policy statement also dropped language about economy remaining in 'excess demand' Hawkish bets jumped after Powell spoke Meanwhile, there was more evidence the US labour market is rather hot as firms advertised more job openings. • JOLTS Job Openings 10.824 million vs 10.546 million expected and 11.012mm previous The latest data comes after the Fed Chair sent everything plunging on Tuesday after warning that the central bank could ramp up the pace of rate hikes and could keep a tight policy in place for longer. This sent the odds of a 50-basis point rate hike for the March 22 meeting to above 70%, according to the CME FedWatch tool. The market was previously pricing in 25 basis points for this meeting. The terminal interest rate is now expected to climb closer to 6% than closer to 5% expected at the end of January. Short-ended yields have correspondingly risen as the Fed continues to front-load rate hikes. USD/CAD path of least resistance to the upside Following today macro events, the USD/CAD hit a new multi-month high. The Loonie has potentially paved the way for a run towards 1.3800 next. Above that level we have last year’s high at 1.3977 and then the key 1.40 handle next. But with today’s macro data mostly out of the way, it remains to be seen whether we will get to those levels or see a retracement first. It is possible that some traders may now ease off the gas until Friday to push rates significantly from around current levels. On Friday we have jobs reports from both North American nations. Even if we see a pullback, the bullish trend will remain in place for as long as key support around 1.3650 does not break. Ahead of that, short-term support is seen around 1.3760 and then at 1.3700. Regardless of the short-term, we maintain a bullish view on this pair thanks to the Fed getting hawkish again. -- Written by Fawad Razaqzada, Market Analyst Follow Fawad on Twitter @Trader_F_R
Long
by FOREXcom
3
EUR/CAD poised for bullish breakout?This week features some key macro events from Canada. The BoC rate decision on Wednesday and Canadian jobs report on Friday will be the highlights. Earlier today we had a disappointing Ivey survey. The BoC is not expected to hike rates further after a total of 425 basis points worth of interest rate rises. The central bank signalled at its previous meeting that it would pause to digest the impact of the last tightening. We have seen weakening growth, and slowdown in inflation, although job creation has been above forecast. Will we see another strong showing from the jobs market on Friday? Ahead of that is the BoC decision on Wednesday. If the central bank stays pat on rate hikes, then this could pave the way for more gains for the EUR/CAD, especially if Governor Tiff Macklem opts for a less hawkish language in the policy statement. The area around 1.4600 to 1.4650 had been strong resistance in the past. But with the BOC potentially pausing its hiking and ECB likely to tighten its belt further, we could see an eventual breakout. Will that happen this week? By Fawad Razaqzada Follow Fawad @Trader_F_R
Long
by FOREXcom
SasanSeifi💁‍♂️AUD/NZD.6H UPDATE🔥😍✅ 127 PIP HI TRADERS ✌As you can see, according to the scenario, the price was able to correct about 127 pips up to the correction target range of 1.087/1.084🔥✌. It is currently trading in the range of 1.084. We can expect a positive reaction from the range of demand zone.It should be seen how the price will react to the specified ranges. Otherwise, if the price penetrates below the range of 1.074 and stabilizes, the possibility of further correction can be considered. ❎ (DYOR)...⚠⚜ What Do you think about this analysis? I will be glad to know your idea 🙂✌ IF you like my analysis please LIKE and comment 🙏✌
by SasanSeifi
USD/CHF testing key resistance following mixed US dataToday’s US data releases didn’t cause a massive reaction, which means the dollar has remained supported – for now. Among the dollar pairs to watch for a potential upside breakout is the USD/CHF. US GDP was revised unexpectedly lower to 2.7% from 2.9% in the initial estimate, but this was offset by GDP price index, which was revised up to 3.9% from 3.5%, meaning more inflation. GDP is backward looking data, so the market has not attached too much importance to it. More to the point, the jobs market remains hot, and we saw more evidence of that today with unemployment claims falling to 192k, well below expectations. This should keep the dollar bulls happy I reckon. Core PCE price index (Fed’s favourite measure of inflation) is due tomorrow. The USD/CHF was testing an important resistance area around 0.9325 to 0.9370ish. Previously this area was resistance. We have already seen price break above the short-term bear trend and the 21—day exponential moving average. What the bulls will want to see next is a clean move above the aforementioned resistance area to completely turn the tide. Specifically, a move north of 0.9410 could trigger a short-squeeze rally towards the 200-day average at 0.9575. Meanwhile, the bears will now want to see a clear evidence of price topping out, before potentially stepping in on the short-side. A move below this week’s low at 0.9220 could be the trigger they are looking for. As things stand, the bulls are edging it, but now need fresh impetus to move rates above that 0.9325 to 0.9370 resistance range, in order to trigger fresh follow-up technical buying. -- Written by Fawad Razaqzada, Market Analyst with FOREX.com Follow Fawad on Twitter @Trader_F_R
by FOREXcom
USDJPY 4H: 09/02/2023: Short opportunity! Main Idea: Well, here in the USDJPY chart we can see the bearish structure and we can expect the price to move downward. For that, the price can rise till the supply zone and then with a low time frame confirmation, we can enter. You can see all the important zones and levels on the chart. If you have questions, feel free to ask. 💡Wait for the update! 🗓️09/02/2023 🔎 DYOR 💌It is my honor to share your comments with me💌
Short
by VahidTradingCR
1
GBPAUD UPDATEPotential intraday setup lining up on GA Price on the 4H and daily TF is in a nice downtrend and recently broke below a significant level of daily support... the market has since made a retracement to retest the zone as resistance. There is also a wick to fill down from yesterdays Daily close giving us added confluence. From a LTF perspective what I'm looking for, is price to come up to the high of the previous day which is in confluence with my 4H - take out stops above Asian session high then I will consider a short entry.✅ Setup invalidated if price takes out the Asian session low first.
Short
by ITSCRYPTO1