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H-setup

EURUSD SHORT BEFORE ECB RATESEUR/USD pair retreated below 1.0800 during the American session, facing resistance at the 1.0820 level and the 100-day SMA at 1.0805. The short-term bullish bias remains, but technical indicators offer mixed signals. The pair's retreat from recent highs suggests potential downside, with support levels at 1.0760 and 1.0740. However, the overall bias remains bullish, despite volatility expected due to the upcoming FOMC meeting and ECB meeting. In Germany, May's inflation data confirmed a decrease from April, while the ZEW survey showed unexpected improvement. Germany's Wholesale Price Index and Eurozone Industrial Production data will be released, with expectations for a 25 basis point hike by the ECB. The US CPI for May showed a lower-than-expected increase, indicating slowing inflation. This may influence the Federal Reserve's tightening cycle decisions. The Greenback initially tumbled after the report but later recovered. The direction of the EUR/USD pair will depend on the US Dollar's performance ahead of the FOMC statement. Overall, caution is advised in light of market volatility and the impact of central bank meetings. Traders should closely monitor economic data and the guidance provided by central banks to make informed investment decisions. Nicola, CEO of Forex48 Trading Academy
Short
by Forex48_TradingAcademy
1
The Quiet before the Storm 🪁 : Eurusd With the close of the Daily candle in the next 1.5 Hours, Longs would prefer a candle closure above 1.0782. This would confirm another Higher High in market structure. In an uptrend price creates Higher Highs and Higher Lows. If this occurs then we can anticipate a bottom wick ( Higher Low) and then a consequential new bullish candle push to the upside back towards 1.0813 daily resistance zone. At this current time price is Bullish on the weekly timeframe and has broken the previously week's candles high. The Daily timeframe will print the second bullish candle of the week which was expected in my previous analysis. FOMC tomorrow will cause quite the stir. FOMC could cause Eurusd to easily dip back to retest 1.0746 Daily support level before continuing it's ascent or going into a volatile range. Price has reached my bullish target for the week which was 1.0813 ( a 65 pip increase ). CPI data has resulted in Higher High on the 1Hr timeframe. Price ended up pulling back and correcting the increase made during London session. We currently sit above our Daily S/R level 1.0782, late NY session Tuesday. New Bullish target for this week with fomc : 1.087 Daily resistance zone The way CPI data distributed at 1.0813 makes me think. We reached my weekly target 1.0813 before schedule. We had an initial increase in price and I'm sure some players bought the high and are now holding drawdown as we move into FOMC tomorrow. If I was a buyer I would consider getting out for B.E. because the Daily candle is closing in 1.5 hours with a significant top wick. Larger than the body of the bullish candle at least. New Bearish target for this week with fomc : 1.06915
Short
by ShrewdCatfx
Sustainable Trend? / Eurusd Longs 🐂As price rejects our weekly Level 1.066 which began on May 31st, we map a possible scenario in which we may jump on the train with long positions. I am anticipating the new weekly candle to pullback first and create a bottom wick as most weekly candles contain. Price has arguably been in a range for the past 2 weeks. The Last 2 red folders news events last week assisted in the increase of price. I am anticipating the same sort of price action this week with CPI ( which is expected to decrease and in theory pump risk assets liek EUR) and Interest rates to be catlalysts for a further increase in price. I idea is that the general consensus for interest rates being held at the same rate supports our preceding trend to the upside. Because it will be priced in and the status quo maintains. The trend is developing to the upside and some news releases will act as a catalyst for a continuation or an excuse to pullback for lower price opportunities. If this bias blows over we may simply obersve a contiued rnage on Eurusd between Support level 1.06902 Daily Support level and 1.0776 (averaged) Daily resistance level. This range scenario or descent on Eurusd will occur if we observe risk off sentiment as crypto continues to plummet and we observe a correction on the U.S. stock indices. Institutions and other large players will crowd into buying the dollar and our ascent to 1.078 will look nothing more than a pump to lure in Late long liquidity as we fall back to 1.066 weekly level.
Long
by ShrewdCatfx
2
Capitulation before more Longs ♟️Price action is looking quite dreary for Bitcoin bulls at least in the short term. The June 6th 5-6 % increase in price was retraced in 3 days & 10 Hours. The 5% increase prior to that, on May 28th, was duly corrected in the same amount of time (3 days). Additionally, the market is likely to see lower prices with fears surrounding recent SEC developments against major Crypto exchanges. ( Binance & Coinbase ) The Market is creating Lower Lows and Lower Highs on the Daily timeframe. With the current weekly candle closing bearish in 20 Hours, I can't help myself but observe some fresh bearish pressure to begin the new week. This is something I have observed quite frequently when the Forex Market trends. All markets come down to supply and demand and Crypto is likely more of the same. A Weekly candle will likely create top and bottom wicks but if it doesn't, that's why we exit the market to cut losses short.
COINBASE:BTCUSDShort
by ShrewdCatfx
2
USDJPY LONG & SHORT SETUP - US NEWSDuring the European session, the US/JPY pair remains stagnant, trading within a limited range just below the significant resistance level of 140.00. The market is characterized by volatile fluctuations as investors adopt a cautious approach in anticipation of the upcoming release of US inflation data. In London, S&P500 futures have gained as investors hope the Fed will delay interest rate hikes and weaken the US Dollar. The US Dollar Index reached a two-week low at 103.21 due to expectations of a neutral interest rate policy and softening US inflation. Analysts predict May's CPI will remain unchanged, but core inflation will stay strong. The Bank of Japan is likely to maintain its interest rate policy, aiming for inflation above 2%. Nicola, CEO of Forex48 Trading Academy
Short
by Forex48_TradingAcademy
AUDUSD to turnaround at resistance?AUDUSD - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We are trading at overbought extremes. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. The hourly chart technicals suggests further upside before the downtrend returns. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. We look to Sell at 0.6800 (stop at 0.6830) Our profit targets will be 0.6720 and 0.6700 Resistance: 0.6810 / 0.6890 / 0.7010 Support: 0.6725 / 0.6620 / 0.6460 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
Visa to break higher?Visa - 30d expiry - We look to Buy a break of 236.11 (stop at 230.38) The primary trend remains bullish. This is currently an actively traded stock. Trading volume is increasing. 235.57 has been pivotal. A break of the recent high at 235.57 should result in a further move higher. There is no clear indication that the upward move is coming to an end. Our profit targets will be 249.78 and 252.78 Resistance: 230.00 / 235.57 / 240.00 Support: 223.00 / 220.00 / 216.14 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:VLong
by VantageMarkets
GBPNZD to find buyers at previous support?GBPNZD - 24h expiry - We look to Buy at 2.0415 (stop at 2.0365) Previous support located at 2.0400. Previous resistance located at 2.0500. Price continues to trade within the triangle formation. We expect a reversal in this move. RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending. Our profit targets will be 2.0535 and 2.0565 Resistance: 2.0500 / 2.0600 / 2.0650 Support: 2.0450 / 2.0400 / 2.0300 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Long
by VantageMarkets
Ethereum to see limited losses?Ethereum - 24h expiry - We look to Buy at 1722 (stop at 1672) We are trading at oversold extremes. Support is located at 1720 and should stem dips to this area. Bullish divergence is expected to support prices. Expect trading to remain mixed and volatile. The move lower is mixed and volatile, common in corrective sequences. Our profit targets will be 1842 and 1862 Resistance: 1755 / 1775 / 1800 Support: 1730 / 1715 / 1700 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VANTAGE:ETHUSDLong
by VantageMarkets
NZDJPY to find support at previous resistance?NZDJPY - 24h expiry Previous support located at 85.25. Previous resistance located at 85.50. Further upside is expected. Risk/Reward would be poor to call a buy from current levels. A move through 85.50 will confirm the bullish momentum. We look to Buy at 85.00 (stop at 84.60) Our profit targets will be 86.00 and 86.20 Resistance: 85.50 / 86.00 / 86.50 Support: 85.25 / 85.00 / 84.50 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
1
GBPUSD - FIRST STEP IS SHORT GBP/USD capitalized on the overall weakness of the US Dollar (USD) on Monday, reaching its highest level in a month above 1.2590. However, the pair is likely to encounter resistance at 1.2600, and there is a possibility of a downward correction before the next upward movement. The optimistic market sentiment at the start of the week has prevented the safe-haven USD from maintaining its strength against its main rivals. This has provided support for GBP/USD to remain in positive territory. In the European session, the UK's FTSE 100 Index rose by 0.3%, while US stock index futures recorded gains ranging from 0.1% to 0.3%. Earlier in the day, the Pound Sterling received a boost from hawkish comments made by Bank of England (BoE) policymaker Jonathan Haskel. In an article published in The Scotsman newspaper, Haskel expressed the importance of addressing the risks of inflation momentum and did not rule out the possibility of further interest rate hikes. On Tuesday, the UK's Office for National Statistics is set to release labor market data. It is expected that annual wage inflation, as measured by Average Earnings Excluding Bonus, will rise to 6.9% in April from 6.7% in March. Currently, the markets have fully priced in a 25 basis points (bps) rate hike by the Bank of England at the upcoming policy meeting on June 22. Therefore, if wage inflation turns out to be lower than anticipated, it may pose challenges for Pound Sterling to continue outperforming its competitors. Conversely, a stronger-than-expected reading could have a short-lived positive impact on the currency. The release of May inflation data from the US and a speech by Bank of England Governor Andrew Bailey before the Lords Economic Affairs Committee hearing on Tuesday could also lead to significant fluctuations in the GBP/USD pair. Nicola CEO of Forex48 Trading Academy
Short
by Forex48_TradingAcademy