USDJPY - NovemBEARS MARKETFor the current week, the USD/JPY pair has shown a decline, closing Monday's session at 148.675. Investors are speculating on a possible shift in the Bank of Japan's policy away from negative interest rates, which could support a move of the pair towards 145. Consumer confidence in the U.S. and comments from FOMC members are also key factors that could influence the trajectory of USD/JPY.
The focus is on the future direction of the Bank of Japan following higher-than-expected inflation data, with anticipation of further guidance on when this policy shift might occur. On the other hand, in the U.S., a significant drop in consumer confidence could affect spending and thus demand-driven inflation, which would influence the Fed's interest rate outlook. Investors will be attentive to comments from voting FOMC members on inflation and interest rates.
In summary, the market anticipates a possible change in the Bank of Japan's monetary policy and is closely monitoring U.S. consumer confidence indicators and comments from FOMC members, all of which could significantly influence the behavior of the USD/JPY pair in the coming days.
Look my ideas chart
drive.google.com
Sell-market
GOLD SELL trading optionHI. as you can see in the chart,
a head and shoulders pattern is in construction, we are waiting for the gold prices to move up again to 1979 zone where sells orders are set for a final target around 1922.
NB : gold can also break 1960 directly without forming the right shoulder, but it is not a strong option at the moment, so we do nothing but wait to reach our level for sell at 1979.
good luck !
CL SHORT / USOIL THIS IS IMPORTANT!!
SELL usoil this rejection we're seeing here is glorious honestly, it has the largest volume since 07 Dec 2021. this is the perfect chance to sell market, price is just waiting for market to open, that's it.
I mean, I don't have much to say about this, it can't be clearer
bears have won.
EURUSD 1D TIMEFRAME EURUSD Analysis on the Daily Timeframe.
I usually do my analysis on the 4HR, however, looking at the chart on the daily looked more simple and easy to analyze.
Clear Head & Shoulders pattern occurring on the daily chart. (Yellow circle).
I am waiting for that last buy retest candlestick to close, so this may take about a day.
When a new daily candle forms, and it is a sell candle, I am selling.
I have provided an entry area (black line) if the new daily candle starts around that area.
I have provided TPS, and extra TP's as well.
If the candle however breaks the neckline and continues to buy, I will provide buy setups and a new analyzed chart.
REMINDER: Always take profit/partial profit at TP1. Price majority of the time rejects that zone, goes back to entry, then smashing TPS.
[GBPUSD] Buy Idea Ascending triangle formation + double topOn the higher timeframes we can see an obvious uptrend beginning to form on GBPUSD. The current price has gone back up and began to come down after confirming a double top on an ascending triangle formation. We are taking sells until it continues to go down to create a 3rd touch point of the triangle on the horizontal support line, where we have set our buy limit.