The Canadian dollar strengthened following mixed inflation data in Canada, while weakness in U.S. manufacturing data exerted negative pressure on the dollar. The bullish trend in USD/CAD persists, with resistances at 1.3420 and 1.3350 potentially impeding selling. The Canadian dollar (CAD) gained against many currencies on Tuesday but lost ground against the U.S....
The EUR/USD experienced a decline after four consecutive days of gains, stabilizing just below 1.1000, while the US Dollar seeks to recover. On Thursday, Eurozone inflation data could disappoint expectations downward, while the US will release the core PCE index and weekly jobless claims. A daily close well above 1.1010 could pave the way for further gains. A...
The USD/CAD pair continues to rise after a strong rebound last week near the crucial 200-day Simple Moving Average (SMA) level around 1.3400. Tuesday marks the third consecutive day of growth. During the Asian session, spot prices reach the highest level since late March, and investors await further strengthening beyond the 1.3700 threshold before placing new...
The USD/JPY exchange rate is continuing to rise towards the 150.00 mark, approaching new highs of the last year in Asian trading on Monday. The pair is supported by the renewed increase in US Treasury bond yields and accommodating comments from the Bank of Japan (BoJ). However, Japanese intervention risks in the foreign exchange market are accumulating. The...
EUR/USD slipped below 1.0600 during Friday's American session, retracting part of its daily gains, despite a positive market tone following PCE inflation data. The rebound from the year's lowest daily close improved the Euro's outlook, although the overall trend remains bearish. A potential recovery could reach 1.0700 without altering the bearish trend. On the...
During the Asian session on Thursday, the GBP/USD pair rose from its recent low near 1.2110, indicating a move away from the lowest point touched since March 17. However, it remained below the mid-1.2100s, suggesting vulnerability to the persistent downtrend observed over the past two months. The Relative Strength Index (RSI) on the 4-hour chart stayed well below...
The USD/JPY exchange rate is rising for the third consecutive day, driven by the strength of the US dollar, which has almost reached 106.30 on the DXY index despite a decline in consumer confidence in September. To keep Japanese inflation above 2%, higher wage growth is needed. Investors express concern about the long-term future as the Federal Reserve (Fed) is...
On EUR/USD, we can observe a bullish setup with a bullish trendline on H4. The price is approaching a significant demand zone on H4, where it could find support on the trendline and subsequently initiate an upward move. The first target would be the first significant swing high at 1.0716 and then the H4 supply zone at 1.0740. It's worth noting that during the...
Good morning, everyone. On EUR/GBP, I entered a long position following an ICT FVG + London Kill Zone strategy. I entered the market at the London open, and the price seems to have reacted positively, already showing a +0.5% gain. Therefore, I will move the stop loss from -1% to -0.5%, halving the risk of this trade! Specifically, I entered the market after the...
On the dollar, we have a bullish setup with the price breaking upwards past three swing highs, creating a very significant demand zone. In fact, between the levels 1924 and 1914, we have the last bearish candle before the upward movement. This means that I will be looking to initiate a buy right within that zone. Naturally, once the price retraces to that area, I...
On GBP/JPY, we have a bullish structure forming after the market experienced a pullback in the H4 timeframe. In fact, I highlighted a bullish candlestick pattern following the market retracement. In that zone, I will go and search for a structural change on the M15/H1 timeframe to confirm my long-term view. Subsequently, I will enter the market with the target set...
On GBP/CHF, we have a long setup with a dominating trendline in the market, featuring a double liquidity grab followed by a touch and go. Currently, I'm still waiting for the third touch and go, but I wanted to try this long entry with a 0.5% risk and a 1:1.5 risk-reward ratio. Since the market might hold surprises during the Asian session and considering tomorrow...
On the S&P 500, we have a bullish setup after the price during the London session broke a H4 swing high at the level of 4383. By breaking the market structure, the price has marked a cluster of orders, a demand zone at the level of 4366-4369 where the price could retrace and where a long position could be considered. Furthermore, the price might extend its move up...
On GBP/CHF, I'm considering a long entry. Currently, we have a neutral structure, slightly more long than short. I've highlighted a highly reactive reversal zone where the price has already shown strong responsiveness at the 1.1115 level. At the moment, there are no confirmations for a long position, but I'm mainly waiting for an H1 close within the area and then...
Good afternoon traders, I was examining the AUD/JPY exchange rate ahead of the USD data, and I noticed that a bearish pattern has formed with a very interesting entry point. In fact, we have a reversal point within a supply zone supported by volumes and an impressive 15-minute chart at the level of 94.47. In summary, all the elements are in place to consider a...
I expect a strong Swiss Franc (CHF) against the British Pound (GBP) following recent events that have further weakened the US Dollar (USD). I anticipate a retracement to the 1.1130 level, where we have a Fibonacci retracement, and within that area, I will seek additional confirmation to enter a short position. Furthermore, after the interest rate hike in the UK...
I open a short position after an engulfing candle on the H1 chart. These are my exact points of entry, TP, and SL.
I took a position in the GBP/USD market after noticing a confirmed downside breakout below the Point of Control (PoC) followed by 3 re-tests this morning. The price closed below the level of 1.2854, and I decided to enter a short position (sell) as I believed there were good chances for the price to continue going down. My objective (target) was to capitalize on...