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AUDUSD Potential Long Forecast | 14th March 2023Fundamental Backdrop 1. DXY continues to weaken 2. Westpac Consumer Sentiment 8.6% lift in house price expectations (Interest Rates Up) 3. Eyes are on the AUD's Employment Change and Unemployment Rate, which are expected to be better than previous results, strengthening the AUD. 4. Watch out for the US CPI News tonight Technical Confluences 1. Price recently bounced off the near-term resistance at 0.66900 2. Next resistance at 0.67750 Idea If price closes above the 0.67000 resistance level, we could see price continue heading towards the next resistance level at 0.67750. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Long
by OlympusLab
GBPUSD Potential Long Forecast | 13th March 2023Fundamental Backdrop 1. DXY continues to weaken 2. The Claimant Count Change is expected to be better than previous, strengthening GBP. 3. Also do watch out for the Annual Budget Release on Wednesday which will add significant volatility to the market. Technical Confluences 1. Price bounced off key support level at 1.18700 2. Near-term minor resistance at 1.21300 3. Price broke above the descending trend-line and above the Ichimoku cloud indicating a bullish market structure shift. Idea Expecting price to continue bullish towards the resistance at 1.22700. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Long
by OlympusLab
3
AUDUSD Potential Long Forecast | 13th March 2023Fundamental Backdrop 1. DXY continues to weaken 2. Eyes are on the AUD's Employment Change and Unemployment Rate, which are expected to be better than previous results. 3. This will strengthen the AUD. Technical Confluences 1. Price recently bounced off the near-term support at 0.66400 2. Near-term H1 resistance at 0.66900 Idea Looking for price to continue heading towards the near-term H1 resistance at 0.66900. Alternatively, price could retrace back down to the 0.66400 support level before heading back up. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Long
by OlympusLab
USDJPY Long Forecast Monetary Policy Statement | 10th March 2023Fundamental Backdrop 1. The Bank of Japan left interest rates unchanged, showing a very big interest rate differential between JPY and USD, weakening the JPY. 2. There are also signs that inflation has sustained above BOJ’s 2% target. Technical Confluences 1. The overall bias for USDJPY on the H4 chart is bullish . To add confluence to our bias, price is above the Ichimoku cloud . 2. Near-term resistance at 137.600. 3. Minor support at 136.000. Idea With my bias on the USD to still be bullish , combined with the weak fundamental backdrop on JPY, I expect price to head towards the near-term resistance at 137.600. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Long
by OlympusLab
USDJPY Potential Long Forecast | 8th March 2023Fundamental Backdrop 1. The Average Cash Earnings y/y dropped from 4.1% to 0.8%, this shows that consumers have lesser disposable income to spend correlating to lower income. 2. Bank Lending y/y increased from 3.1% to 3.3% which shows confidence in future financial position. However, this is overshadowed by Fed Powell's statement to increase interest rates, strengthening the DXY. 3. The Current Account dropped from 1.18T to 0.22T, which indicates that domestic currency's demand has dropped. Technical Confluences 1. The overall bias for USDJPY on the H4 chart is bullish . To add confluence to our bias, price is above the Ichimoku cloud and along an ascending trend-line. 2. Near-term resistance at 137.600. 3. Minor support at 137.100 Idea I will be looking for price to possibly retest the minor support at 137.100 before continuing bullish towards the resistance at 137.600. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Long
by OlympusLab
1
DXY Forecast After Fed Chair Powell Testifies | 8th March 2023Fundamental Backdrop 1. Fed Chair Powell spoke last night 2. He opened the door to higher and possibly faster rate increases 3. This will strengthen the DXY Technical Confluences 1. Price has broke above the 105 level 2. Next resistance at 107 round number Idea With Fed Chair Powell's comments being hawkish, expect the DXY to continue heading towards the next resistance at 107 round number. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
TVC:DXYLong
by OlympusLab
DXY Forecast before Fed Chair Powell Testifies | 7th March 2023Fundamental Backdrop 1. Fed Chair Powell will be speaking later on at 11pm SGT, which could cause more volatility in the index. 2. Will update more after his speech. Technical Confluences 1. Price has reversed from a bullish to a bearish trend . 2. Price is also below the Ichimoku cloud, indicating a bearish market. 3. Near term support level at 103.750 4. Near term resistance level at 104.600 Idea If Fed Chair Powell's comments are hawkish, expect the DXY to trade back up to retest the resistance level at 104.600. Alternatively, price could head back down to retest the support level at 103.750. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
TVC:DXY
by OlympusLab
USDCAD Potential Forecast Post-Ivey PMI | 7th March 2023Fundamental Backdrop 1. The Ivey PMI which is a leading indicator of economic health released dropping from 60.1 to 51.6. 2. This indicates that the industry is contracting. 3. Showing a decrease in business activity and confidence in the Canadian economy. Technical Confluences 1. Price recently bounced off the 1.35700 support level which coincides with the 23.6% Fibonacci line. 2. Near term resistance at 1.36800 Idea With the Ivey PMI result released worst than previous, expect price to head towards the near term resistance at 1.36800 NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Long
by OlympusLab
1
AUDUSD Potential Forecast Pre-Cash Rate | 7th March 2023Fundamental Backdrop 1. The Trade Balance dropped from 12.99B to 11.69B, this shows that export demand dropped which creates a greater demand for foreign currency, weakening the AUD. 2. AUD's Cash Rate is going to be released at 11.30am SGT 3. Based on previous data we saw a roughly 30 - 50 pip drop within the day. 4. Expecting the AUD to drop later on towards the support at 0.67000 Technical Confluences 1. Price is currently in a strong bearish trend. 2. Price is also below the Ichimoku cloud, indicating a bearish market. 3. Near term strong support level at 0.66500 Idea Expecting the AUD to drop towards the support at 0.67000. If price manages to break below that support level, we could see price head towards the near term strong support level at 0.66500. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Short
by OlympusLab
2
USDCHF Potential Forecast Pre-CPI | 6th March 2023Fundamental Backdrop 1. CHF's CPI is going to be released at 3.30pm SGT. 2. The CPI accounts for a majority of overall inflation 3. This affects The Swiss National Bank's decision on raising or lowering interest rates 3. Will update more when the CPI is released Technical Confluences 1. Price is currently heading towards the support at 0.93500 which coincides with the 23.6% Fibonacci line Idea If the CPI released is worse than expected/previous, expect CHF to drop towards the support at 0.93500 which coincides with the 23.6% Fibonacci line. Alternatively, if the CPI is better, price could head back up towards the resistance at 0.94000 NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
by OlympusLab
3
USDCAD Potential Forecast Pre-Ivey PMI | 6th March 2023Fundamental Backdrop 1. The Ivey PMI is going to be released at 11pm SGT 2. It's a leading indicator of economic health 3. The result is expected to be worst than previous, weakening CAD Technical Confluences 1. Price recently bounced off the 1.35700 support level which coincides with the 23.6% Fibonacci line. Idea If the Ivey PMI result released is worst than previous, expect price to head towards the resistance at 1.36850. Alternatively, price could head back down towards the 1.35700 support level coincides with the 23.6% Fibonacci line. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Long
by OlympusLab
1
DXY Potential Forecast | 3rd March 2023Fundamental Backdrop 1. US Unemployment Claims were better than previous from 192k to 190k. 2. Unemployment dropped which showed that the the labor-market is improving . 3. Overall economic health is improving. Technical Confluences 1. Price bounced off the key H4 support level at 104.500. 2. Near term resistance at 105.100 3. Key Daily resistance at 105.600 Idea Expecting price to break above the near term resistance at 105.100, before possibly heading towards the key daily resistance at 105.600 area. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
TVC:DXYLong
by OlympusLab
1
DXY Potential Forecast | 2nd March 2023Fundamental Backdrop 1. US ISM Manufacturing PMI was better than previous from 47.4 to 47.7, which shows that the economic health is improving. Technical Confluences 1. Price currently resting along a key H4 support level at 104.500. Idea Expecting price to head towards the intermediate resistance level at 104.850 NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
TVC:DXYLong
by OlympusLab
AUDUSD Potential Forecast | 2nd March 2023Fundamental Backdrop 1. AUD CPI decreased from previous 8.4% to 7.4%, this shows that inflation is decreasing which could lead the Reserve Bank of Australia to reduce interest rates, weakening the AUD. 2. AUD's GDP q/q decreased from 0.7% to 0.5% which shows that the economic activity and economy health are decreasing. Technical Confluences 1. The overall bias for AUDUSD on the H4 chart is bearish . 2. Price is on a bearish trend , forming lower lows and lower highs. 3. Price could potentially retrace to the H4 resistance level at 0.678. 4. Anticipating price to retest the weekly support level at 0.662. 5. Price has already broken multiple structures to the downside. 6. Price is resting below the ichimoku cloud , signifying bearish intent. Idea Price has already retested the H1 resistance at 0.67800. Looking for shorts towards the 0.66400 support area. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Short
by OlympusLab
EURUSD potential Forecast | Tuesday 21st February 2023Hello, I rely on ICT concepts for my trading. I would like to share a trade idea for Tuesday, February 21st, 2023. Recap on yesterday 20th Feb Monday There wasn't much movement yesterday due to the bank holidays for US and CAD. I'm expecting volatility to pick up for today with more major news events coming up such as the USD Flash Services PMI. Idea I'm expecting price to possibly head towards the overlap resistance at 1.07084, which is in line with the 50% Fibonacci ratio. For entries, it's important to use confirmations on smaller timeframes and to always exercise caution while trading. Thank you, Chen Yongjin
Long
by DogeStonks
1
EURUSD potential Forecast | Monday 20th February 2023Hello, I rely on ICT concepts for my trading. I would like to share a trade idea for Monday, February 20th, 2023. Fundamentals Recap on last week In January, prices for food, energy, and housing in the US went up, causing inflation to rise by 0.5% and a 6.4% increase compared to the previous year. In February, the NY Fed's manufacturing survey showed some improvement. Retail sales in January beat expectations with a 3% increase and a 6.1% increase compared to the same period last year. Wholesale prices went up due to higher energy prices, suggesting inflation is still present despite a strong job market. Idea With price reacting strongly off the Bearish Daily OB at 1.07880, I expect price to possibly continue bearish towards the Daily OB below at 1.06044. It's worthy to note that price might head into the 50% Discounted zone first at 1.071 before we can look for shorts. For entries, it's important to use confirmations on smaller timeframes and to always exercise caution while trading. Thank you, Chen Yongjin
Short
by DogeStonks
4