NEWS PREDICTION: USDCAD SELLThis is just a news prediction, as I do not trade the news. But I can see price retracing for a bit before dropping off to clear the Previous Week Low. Price failed to make a higher high on the hourly chart the broke structure towards the down side. Even if price doesn't retrace to me point of interest, I believe it will drop regardless.
NEWS
EURUSD after FEDYesterday, the FED raised rates again by 0.25%.
The ECB is due to announce today whether it will do the same by 0.25%
Today's news is at 15:15 Bulgarian time, and the press conference 30 minutes later.
EURUSD looks like it has already bottomed out and is starting the next uptrend.
We are watching for a higher bottom and confirmation of the upward movement.
Got a Pullback prior to Rates & Now looking up 🏦0:0 Monthly candle pullback
2:40 Daily timeframe
3:46 4hr timeframe
4:07 Downside targets if a fakeout of trend occurs
4:37 First target Longs with Rates
6:54 1Hr timeframe
7:38 Bias heading into interest rates
Hello Traders welcome back to another Eurusd Video Analysis. Please leave some feedback if you enjoyed or not. Thanks for reading this far.
I had been anticipating a pullback on Eurusd prior to interest rates and this is exactly what we can see. We have pulled back perfectly to our Weekly Support Zone 1.1024 and price was supported during New york session. Consumer confidence during NY was better than expected and USD was favored until we tapped into our much feared weekly level. Uncertainty always says anything can happen & so we are going to stick with what works best for us. Scalping and tight risk management, allowing the long-term edge to realize itself through a series of good trades. Buy Stops and Sell stops have been working really quite well for me in the past months and so I continue explore those setups with lowered risk.
EURUSD before FEDInterest rates will be announced by the FED today.
The news is at 21:00 Bulgarian time, and the press conference 30 minutes later.
The only thing certain before the news is that there will be big fluctuations.
Therefore, it is advisable to reduce the risk on active positions and not to hurry with new entries.
The main option where we will look for trades is on a break below 1.1000 after the news and pullback.
EURUSD correction continuesInterest rates from the FED and ECB are coming up this week.
This will determine the next move in EURUSD.
After reaching 1.1274, a correction was initiated, which we expect to continue until the news.
The next important support is at 1.1004.
We will be watching for a pullback from these levels and buying opportunities.
Using Rationale to Ride news Volatility 🎢 +.5% 3rd Week JulyHello Traders!
0:0 Introduction/Weekly Fav Prices
1:25 Daily TF breakdown
5:24 1Hr Chart Fundamental news combined with Technicals
13:25 Quick 4hr TF details
14:00 Continued 1Hr Chart
18:25 trade 1 short
19:35 trade 2 short with unemployment news
Welcome back to another video analysis. In this analysis, I detail how we could've used rationale to decipher the markets next moves and be a few steps ahead. Using rationale to breakdown the numbers of fundamental news releases and combining this with our favorite prices/key levels on the chart, we were able to create a great RR trade on Thursday. We could have jumped on the train sooner and there is always something to learn in the markets.
Hope you enjoyed! Please leave a rocket or a comment if you liked this video analysis. See you in the next video!
Golds Recent PushGold has been pushing upwards the past week, 1963 area seems to have formed a resistance of price. I have implemented kill zones into my strategy now. Also looking to sell from rejection of resistance, but, price could push through from CPI and Retail Sales news at 1:30pm GMT.
Caution on USD and CAD pairs at this time.
GU Push?Can we see a push from GU today? Looking for strengths in the dollar, I am currently watching London and NY sessions today.
Running most of this trade on fundamental analysis. Not too much technical. Using killzones and 200EMA implemented in my strategy, also watching MACD to determine buy and momentum.
Buy order is set, will update when entered. 7:1 R/R
Important resistance in EURUSDThe rise in EURUSD continues and we are now very close to 1.1274.
This is an important resistance level and we will watch how the price reacts when it is reached.
There are no opportunities for new entries here this week.
Today at 15:30 there is USD news that may have an impact!
The resistance level along with the news is a good time to initiate a correction.
No trades on EURUSDLast week, EURUSD rose over 300 pips.
Thus working out much of the expected movement.
We expect the uptrend to continue, with a possible correction before that.
This will allow new entries with a target above 1.1274
There is no basis for trades at current levels. So we wait for the development and turn to other tools.
Any nae sayers??USD/Chinese Yuan has been showing dovish signals during the 3rd qtr and after the news on July 12, 2023 (which can be located on the blue location tab) the economy shows to be slowing down significantly.
After news printed on the 12th of July 23, price made a clear decision just 4 hours later we can start to see some clear institutional movement with the dovish engulfing candlestick and a day later structure appears to continue downside pressure especially with the Pin bar holding at a resistance. This could lead to a further drop in price.
Even though this pin bar has printed i'm still looking at price for a sell off from the previous news update for a stronger move to the downside. I will be patiently waiting for this move to happen.
38 Pip S/L
558 Pip T/P
Let me know what you think?
Rise in EURUSDThe EURUSD rally continues and we are now above 1.1200.
The next resistance level is at 1.1274.
All active buys should have stops moved and a close option considered.
There is no basis for new entries at these levels!
At the end of the week, there may be some profit taking which will lead to a correction.
EURUSD after CPIYesterday the big news passed and EURUSD went up over 100 pips.
Thus, it broke the resistance and confirmed the upward movement.
All active buys can be with stops moved below 1.1000.
The next resistances are at 1.1178 and 1.1274.
The levels around 1.1080 will now act as a support and we will look for buys on a pullback.
Today, we are more likely to see a continuation of the move towards 1.1178 before the correction starts.
EURUSD before CPISome of the most important news for the market at the moment will be published today.
Inflation data in the USA will be announced at 15:30 Bulgarian time.
Regardless of the values, larger fluctuations are expected.
Therefore, before important news, it is recommended to reduce the risk of active positions and avoid new trades.
EURUSD continues its uptrend and 1.1080 is getting closer.
Corrections and stop hunting below the previous bottom are entirely possible.
We will look for new entries after the news!
EURUSD above 1,1000EURUSD continues to rise and is now above the previous high of 1.1000.
This confirms the upside move and targeting 1.1080.
Current levels are not suitable for new entries!
CPI data is due tomorrow and more swings are expected.
All buys should be de-risked by moving the stop or partial closing.
EURJPY SHORT TRADE AFTER ASIAN NEWSOn EUR/JPY, we have a bearish trend following the news released during the Asian session. The price has formed a supply zone with a value gap and a breaker block. These are two potential entry points with a target set at the second lowest low. It would be fantastic if you could share your opinion and leave a like to support our work. Greetings and have a successful trading day from Nicola, the CEO of Forex48 Trading Academy.
EJ TradesSupport forming on 15m chart, with the Yen weakening, theres little prevention against depreciation.
Id expect the EUR to rise against the Yen, I am placing a buy order at the bottom of support targeting the rejection to resistance.
We have sen over recent month's the dollar slowly eating away at the Yen, from this im predicting the EUR will follow.
Day off for USDAlthough the Forex market is open 24/5, there are days when it’s better not to trade.
One of those days is the 4th of July- US Independence Day.
US markets will be closed and activity will be lower.
This, of course, doesn’t prevent long-term positions from developing.
We expect a continuation of the rise in EURUSD and a move above 1.1000!