#FXS/USDT#FXS
The price is moving in an ascending channel on a 1-day frame and sticking to it well
We have a bounce from the lower limit of the descending channel and we are now touching this support at a price of 1.80
We have an upward trend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 2.11
First target 2.50
Second target 2.82
Third target 3.21
Fxstreet
AUDNZD sell opportunity Price is consolidating,
Price will eventually break above, there was still untested level, we can sell at the QM level.
Also, we need to BE CAREFUL on the Supply zone, price may still move that level,
Stoploss above the Highest High.
For trend confirmation, HL need to be break below it, if we in profit, just breakeven. Tq and happy trading,
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NZD getting strong
US Monthly Retail Sales Overview
When are US monthly retail sales figures and how could they affect EUR/USD?
15 June 2022, 14:44
US Monthly Retail Sales Overview
Wednesday's US economic docket highlights the release of monthly Retail Sales figures for May, scheduled later during the early North American session at 12:30 GMT. The headline sales are estimated to rise by a seasonally adjusted 0.2% during the reported month as against the 0.9% growth recorded in April. Excluding autos, core retail sales probably climbed by 0.8% in May, up from the 0.6% increase reported in the previous month.
According to Joseph Trevisani, Senior Analyst at FXStreet: “Over the six months to April Retail Sales have averaged 0.95%. That is a strong record and comparative to the best periods of the last decade. The problem for US economic growth is that sales figures are uncorrected for price increases. In the same half year, the Consumer Price Index (CPI) rose 0.70% each month. While sales and CPI do not track the same items, and are not directly comparable, it is evident that the bulk of the gains in Retails Sales are simply rising prices.”
How Could it Affect EUR/USD?
Ahead of the key macro data, retreating US Treasury bond yields triggered a modest US dollar corrective pullback from a two-decade high touched the previous day. A weak sales number would fuel concerns about softening US economic growth and exert additional downward pressure on the buck. Conversely, stronger readings could lend some support to the buck. That said, any immediate market reaction is likely to be limited as traders might refrain from placing aggressive bets ahead of the FOMC policy decision, due later during the US session.
Meanwhile, Eren Sengezer, Editor at FXStreet, outlined important technical levels to trade the EUR/USD pair: “The Fibonacci 23.6% retracement of the latest downtrend forms first resistance at 1.0500. In case the pair rises above that level and starts using it as support, it could target 1.0540 (Fibonacci 38.2% retracement) and 1.0580 (Fibonacci 50% retracement, 200-period SMA on the four-hour chart).”
“On the downside, 1.0460 (20-period SMA) aligns as initial support ahead of 1.0400 (static level, psychological level) and 1.0380 (static level),” Eren added further.
Key Notes
• US Retail Sales May Preview: Consumption is suddenly a trailing indicator
• EUR/USD to enjoy further gains on a break above 1.05
• EUR/USD Price Analysis: A 50-EMA violation to strengthen euro bulls further
About US Retail Sales
The Retail Sales released by the US Census Bureau measures the total receipts of retail stores. Monthly per cent changes reflect the rate of changes in such sales. Changes in Retail Sales are widely followed as an indicator of consumer spending. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).
GbpUsd Analysis for 07-02-2022This is an analysis of GbpUsd for the coming week. Technically, Gbpusd has been in an overall downtrend printing lower highs and lower highs on the charts. recently, the price made a lower high from a demand area as shown on the chart approaching a resistance level as the BOE increased interests rates from the fundamental stand point. Irrespective of the rates increase, the figures reported was as expected, although, there are whispers that the BOE may still increase rates before the end of 2022 . However, the bull run was brought to a halt as the NFP reports from the US was released. the reports indicates a stronger USD hence signifying bearish opportunities for GbpUsd . Sentimentally...
Let's go take some risks, let's go make some money.
GBPUSD OutlookFX:GBPUSD On the GBP/USD pair, the price fluctuates in the bearish channel. This channel is part of a larger formation with longer intervals H4, D. This is a flag formation. Currently, the price is within the scope of support. On H4 created a pin bar ,that can change price level and a reflection from support.
GBPUSD short Idea...Guys GBPUSD Sell shortly keep watch and take profit
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation.
I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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Correcting Lower But Essentially Bullish (22-03-2017) (AP)Hello Dear Traders & Welcome to Growing Forex
(Try Creating Pockets).
The EUR/USD pair consolidates near its recent highs, having held below 1.0820 during the Asian session and now trading near a daily low of 1.0782 early London. Attention is centred on equities, sharply lower in the region after yesterday's Wall Street slump. The lack of progress of the Trump administration seems to have finally took its toll on investors' mood.The EU released its current account for January, which recorded a surplus of €24.1 billion, below market's expectations, and December result, this last revised lower to €30.8B. The macroeconomic calendar will remain scarce for the rest of the day, with only US Existing Home sales for February and the EIA crude oil stocks in the American afternoon.The pair seems poised to correct in the short term, moreover after reaching a critical resistance, the 50% retracement of the post-US election decline at 1.0820, given that in the 1 hour chart, technical indicators retreat from overbought readings, heading south within positive territory. Still the latest bullish trend remains firm in the background, and it would take a break below 1.0700 to see it tumble.The immediate support is the 1.0760 region, followed by 1.0730, the level that capped the upside for over a week. A downward acceleration below this last could see the pair extending down to 1.0690/1.0710, although such decline seems unlikely at this point.It would take a break above the mentioned 1.0820, on the other hand, to see the pair regaining its upward momentum, with 1.0860 and 1.0900 as the next intraday resistances and possible bullish targets.
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USDJPY- 1300 Pips- Triangle or Flat -Same ResultIt comes to me as no surprise as an elliottician when I published USDJPY report showing triangle which turned into a flat correction, which is 3-3-5 wave sequence because the end result was supposed to bloom. An up move of 1000 pips in the UJ- Amazing.
Running or Current Analysis-
UJ- Imporatbce of Support & Resistance-109.75
Is 109.75-- will 3rd wave end? - We caught the move very close to 109.75 at 109.55 - went to 108.55 & moving above 108.80- I was bit cautious & suggested that UJ could move close to 109.75 & moving above 109.75 -its trading at new high@110.95
The triangle which turned into Flat correction- Market is dynamic so it evolved into flat result was same- how does it matters - we were looking big upside move- which is opening up as expected
FORECAST EURUSD: NFD DATA MODE ONEURUSD has gotten into a triangular hole, is not the best place to be today, many stops to play, guaranteed volatility, traders today is day of Band-Aids.
Be careful and clever, follow the direction not the twists !!
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