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Sellsetup

SHORT EUR/USDLooking at the current macroeconomic landscape, there are several factors that could contribute to a short setup for the EUR/USD pair on the daily timeframe. Here are some of the most significant factors: Interest rate differentials: The US Federal Reserve has indicated that it is likely to raise interest rates in the near future, while the European Central Bank is expected to keep rates low for some time. This means that the interest rate differential between the two currencies could widen, making the US dollar relatively more attractive to investors. Inflation expectations: Inflation expectations in the US have been rising, which could put upward pressure on interest rates and strengthen the US dollar. In contrast, inflation in the eurozone has been relatively low, which could keep the ECB from raising interest rates anytime soon. Political uncertainty: There is still some uncertainty in Europe surrounding the ongoing Brexit negotiations, as well as concerns about the rise of populist parties in some European countries. This could lead to increased volatility in the EUR/USD pair. Technical analysis: On the daily timeframe, the EUR/USD pair has been trending lower since the beginning of the year. There is currently a strong resistance level at around 1.1950, which has held multiple times in recent months. If the pair is unable to break through this level, it could be a sign that the trend is likely to continue lower. Based on these factors, it appears that there could be a short setup for the EUR/USD pair on the daily timeframe. However, it's important to note that the forex market is highly unpredictable, and there are always risks involved in trading. As always, it's important to do your own research and consult with a financial advisor before making any trades.
Short
by SKLAX_
AUDJPY Forecast: Fib Retracement Level and Support ConfluenceThe AUDJPY is currently in a downtrend on the 4-hour chart. On the 1-hour chart, it has broken a significant trendline and a key support level at around 88.600. I'm anticipating a retracement to this level, which also aligns nicely with the 618 Fibonacci retracement level of the latest impulsive move. To monitor price action at this level, I have set up an alert. However, I won't enter a trade immediately upon reaching this level. Instead, I'll be observing the price action closely before making any trading decisions.
Short
by natron