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USD/JPY – Retesting key resistance before declineThe market is undergoing a correction after breaking its bullish structure. The weakening US Dollar (USD) has created favorable conditions for other assets, including the Japanese Yen (JPY). USD/JPY is currently retesting the previously broken trendline following a strong downward impulse. On Thursday, the Yen reached its highest level in 10 weeks, pushing USD/JPY down to 149.5. Escalating trade tensions driven by Donald Trump’s aggressive tariff policies have led investors to seek safe-haven assets. Additionally, expectations of a Bank of Japan (BoJ) rate hike have further strengthened JPY’s position in the market. In the short term, USD/JPY may continue a corrective rebound, testing the 0.618 - 0.5 Fibonacci retracement zone before resuming its downward movement.
Short
by Bentradegold
Latest gold update today: Price continues to increase stronglyJames Hello everyone! Currently, gold prices are entering a bullish consolidation phase as Trump tariffs weigh on risk sentiment. The US dollar is struggling to hold despite the dovish Fed Minutes as US Treasury yields decline. Currently, gold prices are waiting for acceptance above $2,950 as the daily technical setup favors buyers. As mentioned on the 1-hour chart, an ascending trend line has formed along with the support of the 34 and 89 EMAs, suggesting further upside potential for gold without any significant reversal.
OANDA:XAUUSDLong
by Trader-JamesFX
EUR/USD Ends Bullish Streak, Entering Short-Term DowntrendEUR/USD has ended its upward momentum and is now adjusting to a short-term bearish trend. The pair is currently trading within a descending channel, moving around 1.0460, with sellers holding an advantage as indicated by EMA 34 and 89 signals. My strategy will be to focus on key channel boundaries to determine appropriate buy or sell opportunities. If the channel breaks, we will wait for a breakout retest before entering new trades. 💬 What are your thoughts on EUR/USD? Are you expecting further downside?
by Lana_Scalping
2
XAUUSD gains traction above 2876James, hello everyone. Last week, we saw a significant drop in gold prices. At one point, the price of gold fell to a low of $2,876. Currently, the price of gold is trading around $2,898, stable for the week. It is clear that the price of gold is starting a new week on a positive note, supported by the continued weakness of the US dollar (USD) and US Treasury yields. Regarding the volatility of gold this week, the price of gold has also increased sharply due to tensions surrounding the upcoming tariff war between the United States and the European Union (EU). "The European Commission will consider strict import restrictions on some foods produced according to different standards to protect its farmers, reflecting the reciprocal trade policy of US President Donald Trump," the Financial Times (FT) reported on Sunday. Additionally, it should be noted that gold prices could be volatile in the coming day as a US national holiday is likely to add to the action. Speeches by Fed officials Christopher Waller, Patrick Harker and Michelle Bowman will be closely scrutinized ahead of the Fed Minutes on Wednesday.
OANDA:XAUUSDLong
by Trader-JamesFX
3
GBPUSD: Buy or sell?Hello dear friends! What do you think about GBP/USD? GBP/USD is holding steady after two consecutive days of losses, trading around 1.2590 during the Asian session on Thursday. However, the pair remains under pressure as concerns over tariffs from U.S. President Donald Trump continue to support the U.S. dollar. On the chart, the price has successfully broken the ascending trendline, and after testing a strong support level, it is now retracing against the trend to test liquidity. Currently, GBP/USD is consolidating below the broken support, indicating strong selling momentum and a likely continuation of the downtrend. Given the current market structure, we are waiting for a small consolidation phase below the broken support before the next leg of the downward move resumes. Don't forget to like and share your thoughts in the comments!
Short
by Trader-JamesFX
Gold extends bullish trend, targeting key resistance !Gold continues to sustain its strong bullish momentum, approaching a key resistance level with solid support from U.S. tariff uncertainties and strong central bank demand. The primary trend remains intact, reinforced by the trendline and EMA 34-89, signaling that the market is operating within a stable upward channel. With growing expectations that the Fed may cut interest rates in 2025, investor sentiment continues to favor trend-following buy strategies. As prices remain close to dynamic support levels and above key moving averages, prioritizing trend-based trading remains the optimal approach — because in trading, the trend is always your most reliable ally.
OANDA:XAUUSDLong
by Trader-JamesFX
2
GBP/USD Bullish Reversal PatternFormation The GBP/USD daily chart shows a bullish reversal structure forming, with an Inverted Head & Shoulders (H&S) pattern emerging. This suggests a potential uptrend continuation if price breaks the neckline resistance. Key Observations: 📌 Inverted Head & Shoulders Formation: The Left Shoulder, Head, and Right Shoulder are well-defined, indicating a potential breakout. Current resistance zone near 1.2620 - 1.2650 is crucial for confirmation. 📌 Breakout Target & Confirmation: If GBP/USD breaks the neckline at 1.3047, it could trigger a bullish rally towards 1.3200 - 1.3500. Trading Plan: 🔹 Buy on breakout above 1.2650, targeting 1.3000 - 1.3200. 🔹 Buy on pullback to the right shoulder support zone (1.2460 - 1.2500) for a better risk-reward entry. 🔹 Stop-loss below 1.2400 to manage risk.
Long
by Lana_Scalping
Gold turns cautious, awaits US-Russia talks, FedspeakJames greets everyone! Gold prices continue their upward momentum today, currently trading around $2,908, building on the previous recovery. However, gold buyers are turning cautious amid a broad-based rebound in the US Dollar, as markets prepare for the much-anticipated bilateral talks between the US and Russia in Saudi Arabia. From a technical perspective, gold has surged strongly after confirming support at $2,895. However, it is still too early to establish gains above the $2,910 resistance level. As a result, it wouldn’t be surprising if gold buyers continue to look for opportunities around support levels or liquidity zones within the Bollinger Bands. If this scenario unfolds, we could soon witness a new record high of $2,943, as indicated on the 4-hour chart. I remain strongly bullish on gold for the upcoming week. Once the current resistance level is broken and establishes new support, nothing will be able to stop gold from climbing even higher. What are your thoughts on this outlook?
OANDA:XAUUSDLong
by Trader-JamesFX
USDJPY: What's changing at the start of the week?The Japanese Yen (JPY) sticks to its strong intraday gains in the wake of a strong domestic Gross Domestic Product (GDP) print, which reaffirmed bets that the Bank of Japan (BoJ) will hike interest rates further. Furthermore, the narrowing of the US-Japan rate differential turns out to be other factors underpinning demand for the lower-yielding JPY. Apart from this, the prevalent US Dollar (USD) selling bias keeps the USD/JPY pair depressed just above mid-151.00s, or near a one-week low touched during the Asian session earlier this Monday. That said, concerns about US President Donald Trump's reciprocal tariffs might hold back the JPY bulls from placing aggressive bets. Moreover, the growing acceptance that the Federal Reserve (Fed) would retain its hawkish stance and keep interest rates on hold for an extended period acts as a tailwind for the USD, which, in turn, helps limit losses for the USD/JPY pair. Nevertheless, the fundamental backdrop seems tilted in favor of the JPY bulls and suggests that the path of least resistance for the currency pair remains to the downside.
Short
by Trader-JamesFX
2
USDJPY: Selling strategy continues to be the priority!James Hello everyone! USDJPY is still moving in the right direction today, once again going through a corrective phase with the downtrend still intact and the EMA 34 - 89 showing no significant signs of reversal, signaling a potential further decline. Personally, I remain steadfast and continue to wait for the main pair to decline with the expectation that the price will soon reach the main target of 151.40 or further if the sellers consolidate below this level.
Short
by Trader-JamesFX
EUR/USD Technical Analysis – Bullish Harmonic Pattern in PlayThe EUR/USD 4H chart presents a bullish harmonic pattern, suggesting a potential upside continuation. Key Observations: 1️⃣ Bullish Harmonic Pattern: A Gartley/Butterfly pattern is forming, with point D projecting a potential upward move. The Fibonacci ratios at 0.678 and 0.776 retracements confirm the validity of this setup. 2️⃣ Support Zone (Green Box): Price is consolidating within this key support zone after a strong bullish impulse. Holding above this level increases the chances of a breakout to the upside. 3️⃣ Moving Averages Confirmation: Price is trading above the 50 & 200 EMAs, supporting a bullish bias. Potential Scenarios: 🔹 Bullish Breakout (Primary Expectation) If EUR/USD maintains support, expect a move towards 1.0650 - 1.0700. A breakout from the D point of the harmonic pattern would confirm further gains. 🔹 Bearish Breakdown (Alternative Scenario) A failure to hold the 1.0450 support zone could trigger a deeper retracement towards 1.0410 - 1.0380. Trading Strategy: 📌 Buy zone: 1.0450 - 1.0460 (Support Area) 📌 Target Levels: 1.0600 - 1.0700 📌 Stop-loss: Below 1.0410 for risk management. Will EUR/USD break higher or retest support? Let’s watch for confirmation!
Long
by Lana_Scalping
EURUSD: Attempting to change the trendHello dear friends, Ben here! Currently, EURUSD is attempting to capture recovery due to the dollar's adjustment. The price is forming a reaction from the resistance channel consolidation before breaking out and growing further. Accordingly, after breaking through the trend channel resistance level, the price has moved into a consolidation phase around the range of 1.053 to 1.021. Within this, the price is testing the resistance level of 1.038. From this, we can argue that the market is still working to change its trend and become stronger against the dollar's adjustment. Resistance levels: 1.038, 1.053 Support levels: 1.033, 1.021 Emphasizing the resistance level of 1.038, with confirmation of consolidation above this level, there will be nothing stopping EURUSD from further growth. Best regards, Bentradegold!
Long
by Bentradegold
USDCHF: The battle of 0.9000 - Sell or wait?Hello everyone, Ben here! USDCHF previously broke its uptrend as the fundamental landscape shifted, and the dollar entered a correction phase. Clearly, sellers are in control, as illustrated on the chart. Fundamentally, the situation is becoming more complex due to the tariff war initiated by Trump, with European countries responding in kind. Economic risks are rising. Additionally, with rumors of rate cuts from Trump and Powell, the dollar has entered a correction phase, which has had a positive impact on the forex market. From a technical perspective, the 0.9000 level plays a crucial role, as it represents a strong zone. If sellers manage to keep the price below this level, within the selling zone, it will confirm further downside movement. I also cannot rule out the possibility of a retest of the previous breakout range before a deeper decline. Emphasizing the 0.9000 level! Best regards, Bentradegold!
Short
by Bentradegold
USD/JPY Bearish Momentum: More Downside Ahead?After forming a new price high, USD/JPY continues its decline, extending its multi-week downtrend and currently trading around 152.70. For trading, we will focus on short-term charts. The bearish momentum is strengthening, and selling opportunities become more appealing as resistance aligns with the EMA 34 and 89, creating a notable bearish setup. From my perspective, I anticipate further price declines. What about you? Do you agree with this outlook?
by Lana_Scalping
2
GOLD--> Test ATH 2942. Are buyers ready to act ?OANDA:XAUUSD testing ATH levels which could trigger growth momentum. The target of 3000 is getting closer day by day. Imminent in the near future... Metals are consolidating after the price surge, maintaining an upward trend. Supported by Trump's tax plan and Fed easing expectations. Meanwhile, the US Dollar (USD) and US Dollar Index (DXY) are significantly weaker. Markets are reacting to the delay in tariff implementation and comments from Trump and Powell about the need for interest rate cuts (requiring weeks or months before implementation), which has supported gold. Ahead lies potential profit-taking and impact from US Retail Sales data for January to be released. Resistance levels: 2942, 2950 Support levels: 2929, 2923, 2908 Emphasis on key support levels. From there, price will realize growth potential. I don't rule out the possibility of retesting 2929-2922 before buyers continue their action. Best regards, Bentradegold!
OANDA:XAUUSDLong
by Bentradegold
3
Gold → Accelerating Upwards NorthOANDA:XAUUSD returning to the trend following news (inflation). The northbound train may continue from 2907. Upcoming unemployment claims and PPI data. Gold is supported by uncertainty surrounding Trump's tariffs and economic data from the United States. The Fed remains hawkish due to rising inflation, pushing bond yields higher and driving prices down to $2,865 briefly. However, buyers quickly returned, pushing prices back up. Meanwhile, traders are awaiting PPI data which could influence Fed policy. Technically, prices are consolidating in the buying zone compared to key points at 2900 and 2907. If buyers can hold and strengthen above the 2907 resistance level, gold could update ATH in the medium term. Additionally, focus is on 2918 - 2920. Price consolidation above this zone will also support prices. Best regards, Bentradegold!
OANDA:XAUUSDLong
by Bentradegold
GOLD → Accelerating northward. Targeting $3000Hello dear friends, Ben here! Today, gold continues its strong upward momentum. Taking inspiration from previous growth - high economic risk. The price is moving increasingly closer to the previously anticipated mark of $3000. Accordingly, gold broke above the trend channel boundary and the $2850 mark at the start of the week in the US, but growth is being limited by the strengthening dollar due to escalating trade risks. Trump announced on Sunday that he would impose new 25% tariffs on all imported steel and aluminum products, exacerbating the pain for the Euro and commodity-linked Australian Dollar (AUD) and New Zealand Dollar (NZD), thereby channeling new buying interest into the safe-haven currency - the US Dollar. Gold prices also benefited further from the People's Bank of China (PBOC) expanding its gold reserves for the third consecutive month in January and expectations of more stimulus measures from China. However, in the coming days, USD could extend its recovery if risk flows intensify or markets return to profit-taking on USD short positions before US CPI inflation data is released on Wednesday. Moderate expectations from the Fed, hopes for Chinese economic stimulus, and lurking trade war risks will help limit gold's downside. Technically, we are currently monitoring around the psychological area of 2904 and the main support level is 2882. Resistance level: 2904 (unconfirmed) Support levels: 2882, 2870, 2853 Bulls seem to remain hesitant around the 2904 area with prices potentially continuing their upward trend without any reversals. But! The most likely scenario at this point is a false break of 2904, with a short-term correction to retest liquidity before bulls head northward.
OANDA:XAUUSDLong
by Bentradegold
1
GOLD → Heading into tonight: Is 3K still a valid target ?OANDA:XAUUSD has approached the 2950 level but has yet to reach the key psychological threshold. The current price action indicates a correction phase, allowing the market to rest and accumulate liquidity ahead of key news releases, with a potential move northward on the horizon. Gold is currently testing the 2900 level following Trump’s new tariff announcement, maintaining strong demand. The primary focus remains on Powell’s speech and the U.S. inflation data, as these will be the key factors influencing expectations for a Fed rate cut, which is the main driving force behind gold’s movement... Theoretically, the situation remains unclear as gold approaches strong support levels. From a technical perspective, a correction is a logical scenario in a strong market. Technically speaking, prices cannot rise indefinitely; they require energy, which is replenished through seller pressure. Currently, key focus areas include 2912, Fibonacci 0.618, and Fibonacci 0.5 levels. Resistance levels: 2912, 2930 Support levels: 2901 (Fibonacci 0.618), 2888 (Fibonacci 0.5) Powell’s speech, scheduled for tonight, and tomorrow’s U.S. inflation data will be the main catalysts. High volatility is inevitable. However, overall economic conditions continue to support this precious metal. Before moving higher, gold may first test 2901 and 2888. The target remains within the familiar range of 2950 to 3000. Best regards, Bentradegold!
OANDA:XAUUSDLong
by Bentradegold
1
GBP/USD: Buy or Sell? Hey! Do you think we should buy or sell GBP/USD? I prefer trading on the short-term chart, and currently, the pair is moving around 1.2560, continuing its multi-day recovery. Technical indicators favor buyers. The uptrend line, combined with the wedge pattern, further reinforces this bullish outlook. 📌 My strategy: I plan to buy once GBP/USD completes a correction after touching the trendline boundary. 📌 The trend details are highlighted on the chart. What’s your take on this pair? Let’s discuss!
Long
by Lana_Scalping
Gold price rally continues from resistance level 2934 !Hello everyone, today is the last trading session of the week, let's see how the gold price fluctuates! ⭐️Market Summary: - Gold has broken the resistance level of 2919-2921 to form a continued uptrend in today's Asian trading session, and the resistance zone of 2919-2921 will be formed to create a new support zone here - If we observe and trade on the H1 time frame, we can see the price increasing in a clear trend according to Dow theory. Trading plan: Wait for the price to consolidate above the resistance level and continue following the Buy wave 👨‍💻XAUUSD Buy zone 2931 - 2933 🔹SL 2929 🔹TP 2935 - 2937 - 2940 Wishing you all FULL TP ❤️❤️
OANDA:XAUUSDLong
by Brian-Trade
Sharing a strategyFor my scalping or Intraday trade, I created this pine script combining various indicator (namely the famous Alphatrend by @KivancOzbilgic, Previous Day Close and 52WeeksHigh/Low) into one indicator. If price goes above the PDC and Alphatrend is a buy then I will make quick long trade. If price goes below the PDC and Alphatrend is a sell then I will make quick short trade. I added a percentage based on PDC to give me where I need to put my stoploss. Not really important as I always have proper risk reward ratio but it comes handy most of the time.
ICMARKETS:XAUUSDEducation
by sharpie0319
USD/JPY ---> Will the Bulls Recognize the False Breakout?Dear friends! Overall, USD/JPY, after hitting support and forming a false breakout below the local trend channel's lower boundary, the currency pair has resumed its upward movement, supported by the strengthening dollar at this time. Currently, the price has stabilized above the support level but remains below the 34 and 89 exponential moving averages (EMA). Fundamentally, the recent context has been unstable and depends more heavily on US economic data. People have long forgotten about interest rate growth in Japan and are focusing on economic data from the West. On the chart, the uptrend remains the primary trend, so we maintain a buying preference. If the pair can consolidate above 152.00, then in the short and medium term, we should expect prices to reach the targets as indicated on the chart. Best regards, Bentradegold!
Long
by Bentradegold