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GBP/USD Short Term Trend - Bearish Rebound🔔🔔🔔 GBP/USD news: ➡️ GBP/USD continues to climb, approaching the 1.3100 mark during European trading, as the persistent weakness in the U.S. dollar remains a key market driver. Escalating concerns over the deepening U.S.-China trade conflict and its potential to trigger a U.S. trade conflict. recession are weighing heavily on sentiment. ➡️ Broad-based selling pressure on the U.S. dollar followed China's retaliatory move to raise tariffs on American goods from 34% to 84%, supporting further gains in the GBP/USD pair. Although Trump has temporarily paused additional tit-for-tat tariffs, investor anxiety over the U.S. Economic outlook remains elevated, with fears that trade tensions with China will intensify. As a result, the dollar remains under fresh downward pressure, allowing GBP/USD to regain bullish momentum. Personal opinion: ➡️ DXY is showing signs of recovery after entering the extreme oversold zone. As a result, GBP/USd will have a downward phase after entering the overbought zone. ➡️ Analysis based on resistance - support levels and Volume profile combined with trend lines to come up with a suitable strategy Plan: 🔆Price Zone Setup: 👉Sell GBP/USD 1.3080 – 1.3090 ❌SL: 1.3120| ✅TP: 1.3020– 1.2970 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
7
XAUUSD Today - Economic Trends Favor JPY🔔🔔🔔 USD/JPY news: ➡️ USD/JPY is trimming losses and reclaiming the 143.00 level during Monday’s Asian session, as the US dollar stabilizes following its recent decline, with traders digesting Trump’s weekend tariff announcements. ➡️ Meanwhile, the Japanese yen continues to attract safe-haven inflows amid escalating US-China trade tensions. Diverging policy expectations between the Bank of Japan and the Federal Reserve are further supporting the lower-yielding yen. Optimism surrounding a potential trade agreement between Japan and the US is also helping to boost the yen’s appeal. Personal opinion: ➡️ USD is regaining momentum after DXY entered the oversold zone and showed signs of a short-term reversal. However, the current main trend is still maintaining a downtrend for the USD/JPY pair ➡️ Analysis based on important resistance - support levels and Fibonacci combined with SMA to come up with a suitable strategy Plan: 🔆Price Zone Setup: 👉Sell USD/JPY 144.30- 144.50 ❌SL: 145.00| ✅TP: 143.30 – 142.50 👉Buy Gold 141.00 – 140.80 ❌SL: 140.50 | ✅TP: 141.50 – 142.00 – 143.00 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
1
Short-term correction after overbought🔔🔔🔔 GBP/USD news: ➡️ GBP/USD is holding modest bids near the 1.3200 mark during early European trading on Tuesday. Recent UK data revealed that the unemployment rate remained steady at 4% for the three months to February, while average earnings came in weaker than expected, putting downside pressure on the British pound. ➡️ After gaining nearly 1% on Friday and closing the previous week up 1.5%, GBP/USD continued its upward momentum on Monday, trading above the 1.3150 level. Although the pair’s short-term technical outlook suggests overbought conditions, investors may be hesitant to anticipate a significant pullback due to widespread selling pressure on the U.S. dollars (USD). TheU.S. Dollar Index, which measures the greenback’s performance against a basket of six major currencies, dropped 3% last week as escalating U.S.-China trade fears of a potential U.S. economic downturn. Personal opinion: ➡️ The uptrend is still strong while the USD is being sold. ➡️ However, the overbought zone of RSI should also be taken seriously, this will be the reaction zone of the selling side. ➡️ Analysis based on important resistance - support zones and Fibonacci combined with RSI to come up with a suitable strategy Plan: 🔆Price Zone Setup: 👉Sell GBP/USD 1.3265 - 1.3275 ❌SL: 1.3310| ✅TP: 1.3210 - 1.3160 ​​ FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
3
1 correction down after reaching overbought level🔔🔔🔔 EUR/USD news: ➡️ The EUR/USD pair edged slightly lower during Monday’s European session, hovering around the 1.1380 level after posting gains in the previous two sessions. The pair had strengthened amid a weakening US dollar, which came under pressure due to escalating trade tensions between the US and China—raising fears of a potential global recession. ➡️ On Friday, China's Ministry of Finance announced a sharp increase in tariffs on US goods, raising them from 84% to 125%, in retaliation to US President Donald Trump's move a day earlier to hike tariffs on Chinese imports to 145%. Meanwhile, in an effort to ease trade tensions, the European Union announced a 90-day delay on planned retaliatory tariffs, mirroring a similar pause by Washington to support renewal negotiations. Personal opinion: ➡️ In the short term, the USD is showing signs of a slight recovery after DXY's RSI entered the oversold zone. ➡️ The EUR/USD bulls are also taking profits and taking a break to monitor the next developments of the market to create a clearer buying momentum. ➡️ Analysis based on important resistance - support levels and Fibonacci combined with EMA to come up with a suitable strategy Plan: 🔆Price Zone Setup: 👉Sell EUR/USD 1.1420 - 1.1400 ❌SL:1.1460| ✅TP: 1.1335 - 1.1285 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
2
Trade War Supports JPY - Weakens USD🔔🔔🔔 USD/JPY news: ➡️ The USD/JPY pair is trimming losses to retest the 143.50 level during Friday's Asian trading hours, after briefly dipping below 143.00. The pair is closely tracking U.S. dollar movements amid persistent trade concerns and growing fears of a U.S. economic downturn. Expectations of policy divergence between the Federal Reserve and the Bank of Japan (BoJ) continue to lend support to the Japanese yen, limiting the pair's upside. ➡️ Bets that the BoJ might hike interest rates again in 2025 due to rising inflation in Japan, along with optimism over a potential U.S.-Japan trade deal, are also providing a boost to the yen. Meanwhile, the BoJ's increasingly hawkish stance contrasts sharply with growing speculation that the Fed could soon resume rate cuts amid mounting concerns over a U.S. recession driven by tariffs. Personal opinion: ➡️ USD is showing weakness against JPY. In the short term, USD/JPY continues to decline due to the US-China trade war weakening the USD ➡️ Analysis based on important resistance - support levels and Fibonacci combined with trend lines to come up with a suitable strategy Plan: 🔆 Price Zone Setup: 👉Buy USD/JPY 142.20 – 142.00 ❌SL: 141.50 | ✅TP: 142.70 – 143.30 👉Sell USD/JPY 143.90 – 144.10 ❌SL: 144.60| ✅TP: 144.30 – 142.40 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
2
AUD/USD Today - Down After Strong Gain🔔🔔🔔 AUD/USD news: ➡️ The AUD/USD pair rose to 0.6170 during Wednesday’s U.S. session, supported by risk-on flows and broad weakness in the U.S. dollar. Market sentiment improved following Trump’s unexpected decision to pause key tariffs for 90 days; however, Federal Reserve officials cautioned about the risks of long-term inflation. While the Australian dollar benefited from the softer greenback, its upside may be limited due to ongoing trade disruptions that heavily impact Australia’s export-reliant economy tied to China, reinforcing dovish expectations for the RBA. Personal opinion: ➡️ The upside in the AUD/USD remains limited as China’s tough retaliatory tariffs complicate matters. So the downside remains in check. ➡️ AUD/USD RSI is showing signs of bullish reversal after entering the overbought zone Analysis based on important resistance - support and Fibonacci levels combined with SMA and trend lines to come up with a suitable strategy Plan: 🔆Price Zone Setup: 👉Sell AUD/USD 0.6120 – 0.6130 ❌SL: 0.6170 | ✅TP: 0.6070 – 0.6005 – 0.5960 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
1
Will BTC emerge from the resistance zone on top?BTC bounced off an important support zone at $74,154 - $77,050 and we are currently seeing a very strong upward movement at the 10% level. It is also clear that the price drop created a higher low and the upward impulse gave a higher high, which is positive in the short term for continued growth. However, you need to be careful here because the BTC price has entered a strong resistance zone from $81,900 to $83,900, only breaking out of this zone on top will open the way towards $89,000. It is worth paying attention to the RSI indicator, which confirms the dynamic movement, but considering the 4H interval, there is still room for the price to overcome the zone on top.
INDEX:BTCUSD
by cryptodailyuk
Tariff retaliation - short-term downtrend🔔🔔🔔 USD/CAD news: ➡️ Crude oil prices dropped to new multi-year lows amid growing fears that sweeping tariffs imposed by U.S. President Donald Trump and the escalating trade war between the U.S. and China could push the global economy into recession, thereby weakening fuel demand. Additionally, the risk of rising trade tensions between the U.S. and Canada, combined with political uncertainty ahead of Canada’s snap election on April 28, weighed on the commodity-linked Loonie and provided upward momentum for the USD/CAD pair. ➡️ Tariffs on U.S. imports into China are set to increase from 34% to 84% starting April 10, according to a translated statement from the Office of the Tariff Commission of the State Council. This move is in retaliation for the latest U.S. tariff hike on Chinese products, which exceeded 100% and took effect at midnight. Personal opinion: ➡️ The USD is being affected by China's tariff retaliation, so in the short term it will cause USD/CAD to decrease ➡️ Analyze based on important resistance - support and Fibonacci levels combined with trend lines to come up with a suitable strategy Plan: 🔆Price Zone Setup: 👉Sell USD/CAD 1.4235 – 1.4245 ❌SL: 1.4285 | ✅TP: 1.4170 – 1.4110 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
1
AUD/USD Trend US and Asian Sessions – Bearish Trend Maintained🔔🔔🔔 AUD/USD news: ➡️ The Australian Dollar (AUD) saw a modest recovery on Tuesday following a sharp decline over the past few days. AUD/USD climbing toward the resistance level at 0.6100 after bouncing from a low near 0.5930 — a level last seen in March 2020 — posting slight gains on the day. The pair's upward movement was largely driven by a broader pullback in the U.S. Dollar (USD). ➡️ However, during the American session, AUD/USD faced renewed selling pressure and slipped back toward the 0.6000 area, limiting its recovery. This was mainly due to escalating uncertainty surrounding the U.S.-China trade conflict. Concerns over potential retaliatory measures from China are expected to keep the Australian Dollar under close watch for the time being. Personal opinion: ➡️ Currently is a difficult time for AUD, which is a riskier currency. Strong support for AUD/USD increases in the short term but the downtrend remains intact. ➡️ Analysis based on important resistance - support and Fibonacci levels combined with trend lines to come up with a suitable strategy Plan: 🔆Price Zone Setup: 👉Sell GAUD/USD 0.6070 – 0.6080 ❌SL: 0.6120 | ✅TP: 0.6010 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
1
USD/JPY Trend Today – JPY is Outperforming🔔🔔🔔 USD/JPY news: ➡️ Buying interest in the Japanese Yen (JPY) remains strong for the second consecutive day on Wednesday, as investors continue to seek safety in the traditional safe-haven currency amid growing concerns over a global recession driven by tariffs. Additionally, reports that U.S. President Donald Trump had agreed to meet with Japanese officials following a phone call with Prime Minister Shigeru Ishiba boosted optimism for a potential trade deal between the U.S. and Japan. This, along with expectations that the Bank of Japan (BoJ) may continue to raise interest rates due to rising domestic inflation, also lent support to the JPY. Personal opinion: ➡️The JPY is performing better against the USD. DXY is having its second consecutive decline and shows no signs of stopping. ➡️Analysis based on important resistance - support and Fibonacci levels combined with EMA to come up with a suitable strategy Plan: 🔆Price Zone Setup: 👉Sell USD/JPY 146.40- 146.60 ❌SL: 147.10 | ✅TP: 145.80 – 145.10 – 144.50 👉Buy USD/JPY 144.45- 144.55 ❌SL: 144.00 | ✅TP: 145.00 – 145.50 – 146.00 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
1
EUR/USD Trend Today - Staying Within Downtrend Line🔔🔔🔔 EUR/USD news: ➡️ EUR/USD is extending its rebound above the 1.0950 level in early European trading on Tuesday, supported by a weakening U.S. Dollar. Improved risk sentiment is reducing safe-haven demand for the greenback, giving the pair a lift. Additionally, dovish expectations surrounding the Federal Reserve are putting further pressure on the dollar. Market focus now turns to upcoming tariff developments. Personal opinion: ➡️ Overall, the trade war has hurt the US less than Europe. And Europe's agreement to enter the negotiating table with the US is a clear proof. Traders need to keep an eye on the upcoming April 9 tariff update to further assess the impact. Therefore, EUR/USD remains bearish in the short term. ➡️ Analysis based on important resistance - support and Fibonacci levels combined with EMA and trend to come up with suitable strategy Plan: 🔆Price Zone Setup: 👉Sell EUR/USD 1.0990- 1.1000 ❌SL: 1.1035 | ✅TP: 1.0910 – 1.0865 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
2
GBP/USD in European and US sessions - sellers remain in control🔔🔔🔔 GBP/USD news: ➡️ GBP/USD is paring gains and retreating toward the 1.2750 level during Tuesday’s European session. The pair remains supported by renewed weakness in the U.S. Dollar and improved risk sentiment, though upside momentum is being capped by concerns over President Trump’s tariff war and fears of a global economic slowdown. ➡️ Meanwhile, in European trading, U.S. stock index futures are up between 1.5% and 2%, and the UK’s FTSE has risen by about 2%. With no major economic data releases scheduled, market sentiment and risk perception are likely to continue influencing the direction of the GBP/USD pair. Personal opinion: ➡️ The GBP/USD pair is likely to continue to face selling pressure as many traders will turn to other safe-haven assets such as gold during the current uncertain times. ➡️ Analysis based on important resistance - support and Fibonacci levels combined with trend lines to come up with a suitable strategy Plan: 🔆Price Zone Setup: 👉Sell GBP/USD 1.2740 – 1.2760 ❌SL: 1.2800 | ✅TP: 1.2680 – 1.2630 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
7
XAUUSD Trading Trend Today - Stable Awaiting US NF🔔🔔🔔 AUD/USD news: ➡️ The Trump administration announced that the US would impose a base tariff rate of 10% on all imports into the country. China was particularly affected, facing tariffs of at least 54% on many items. In response, the Chinese government threatened retaliation after Trump imposed the highest US tariffs on any nation. This, in turn, could put some downward pressure on the Australian dollar, as China is Australia's main trading partner. ➡️ However, positive economic data from China could help limit the losses of the AUD. China's Caixin Services PMI improved to 51.9 in March, up from 51.4 in February, surpassing the expected 51.6. Personal opinion: ➡️ AUD/USD will move in a sideways trend and wait for the US NF news to create momentum for the next trend. ➡️ Moreover, the RSI is approaching the oversold zone, showing signs of a slowdown from the sellers. need to pay attention to the bullish reversal point of this zone ➡️ Analysis based on resistance - support levels and Volume profile combined with trend lines to come up with a suitable strategy Plan: 🔆Price Zone Setup: 👉Buy AUD/USD 0.6265 – 0.6255 ❌SL: 0.6230 | ✅TP: 0.6320 – 0.6345 FM wishes you a successful trading day 💰💰💰
Long
by FM-ForexMastermind
1
AUD/USD Trend Before and After Tariff Announcement✍ ✍ ✍ AUD/USD news: ➡️ AUD/USD is struggling to extend its previous day's recovery and remains below the 0.6300 mark early on Wednesday, as markets await U.S. President Trump's tariff announcement later in the day. However, buyers continue to find support from optimism surrounding Chinese stimulus measures and the RBA's cautious stance on policy outlook. ➡️ Meanwhile, the Federal Reserve (Fed) faces a challenging task: ongoing trade tensions could drive higher inflation, potentially justifying prolonged rate hikes. However, early signs of a cooling U.S. economy suggests the need for restraint, even as labor market data remains solid. ➡️ During its March 19 meeting, the Fed kept its benchmark interest rate unchanged at 4.25–4.50% and reiterated its patient "wait-and-see" approach. Chairman Jerome Powell emphasized the need for caution, highlighting forecasts that indicate slower growth and slightly higher inflation—some of which could be exacerbated by the upcoming tariffs. Personal opinion: ➡️ The Australian Dollar has a 2-day winning streak, but this currency still depends on the developments of global trade tensions, China's growth prospects and central bank policy moves ➡️ Technically, AUD/USD has entered the overbought zone and is showing signs of decline. Therefore, it is difficult to maintain the upward momentum in the short term, especially with the upcoming US tariff announcement. ➡️ Analysis based on resistance - support levels and Pivot points combined with EMA to come up with a suitable strategy Plan: 🔆Price Zone Setup: 👉Sell AUD/USD 0.6295 - 0.6310 ❌SL: 0.6335 | ✅TP: 0.6255 - 0.6225 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
1
Gold Trend Before Tariffs Announced✍ ✍ ✍ Gold news: ➡️ Gold prices fell on Tuesday as traders took profits while awaiting Liberation Day on April 2 in the United States, an event where President Donald Trump is expected to announce additional tariffs aimed at addressing trade deficit imbalances. ➡️ Market sentiment remains mixed, as reflected in U.S. stock markets. Investors are anticipating the latest U.S. tariffs set to be announced on Wednesday, with speculation that they will be applied globally and could reach up to 20%, according to The Washington Post. Personal opinion: ➡️ The uptrend remains strongly reinforced as gold fails to break below the 3100 level. Currently, buyers are taking a break and watching tariff news, so a new ATH is unlikely. The market is expected to move in the range of 3100 - 3150, you should consider strong support - resistance zones to make the best profit ➡️ Analyze based on important support resistance levels and Volume profile combined with EMA to come up with a suitable strategy Resistance zone: 3132 - 3148 Support zone: 3122 - 3113 - 3100 Plan: 🔆 Price Zone Setup: 👉Buy Gold 3112 - 3114 (Scalping) ❌SL: 3109 | ✅TP: 3117 - 3120 - 3125 👉Sell Gold 3147- 3149 ❌SL: 3154| ✅TP: 3143 – 3137 – 3130 👉Buy Gold 3100 - 3098 ❌SL: 3093| ✅TP: 3106 – 3112 – 3118 FM wishes you a successful trading day 💰💰💰
TVC:GOLDShort
by FM-ForexMastermind
3
GBP/USD Trend Before and After Tariff Announcement✍ ✍ ✍ GBP/USD news: ➡️ The US dollar is showing weakness against the British pound ahead of Trump's tariff announcement. The pair is currently trading near the 1.3000 level, following weak macroeconomic data released during the US trading session on Tuesday. The ISM Manufacturing PMI fell to 49 in March from 50.3 in February, while the JOLTS Employment Number fell to 7.56 million in February from 7.76 million in January. Both figures were below analysts' expectations. The strong ADP data still failed to stop the pair's short-term rally ➡️ US President Donald Trump will announce the new tariff regime at 20:00 GMT on Wednesday. ➡️ US Treasury Secretary Scott Bessent said late Tuesday that the tariffs announced on Wednesday will be the highest level yet imposed. Countries will then have the opportunity to take steps to lower these tariffs, he added. Personal opinion: ➡️ GBP/USD will find it difficult to break out to the 1.3000 zone as buyers are waiting and evaluating the tariff policy. ➡️ Moreover, RSI is close to overbought territory and buying momentum is slowing down ➡️ In short, this pair will move within the trend line and may break down to 1.2870 after the tariff news is announced ➡️ Analysis based on resistance - support levels and Pivot points combined with EMA to come up with a suitable strategy Plan: 🔆Price Zone Setup: 👉Sell GBP/USD 1.2970 - 1.2980 ❌SL: 1.3010 | ✅TP: 1.2930 - 1.2890 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
3
EURUSD Trend in EUR and US Trading Sessions–Weak Upside Momentum✍ ✍ ✍ EUR/USd news: ➡ Disappointing macroeconomic data from the United States makes it difficult for the US Dollar (USD) to strengthen on Tuesday, allowing EUR/USD to find support. However, the cautious market sentiment prevents the currency pair from gaining significant traction. ➡ Later in the day, the ADP Employment Change data will be released as part of the U.S. economic calendar. However, investors are unlikely to react strongly to this data ahead of President Donald Trump's tariff announcement on "Liberation Day." ➡ Market volatility is expected as traders assess the Trump administration's new tariff regime and its potential impact on economic prospects. Consequently, making investment decisions based on immediate reactions could be risky. Additionally, volatility may remain high if U.S. trade partners, such as the EU, respond by imposing their own tariffs on American goods. Personal opinion: ➡ Currently, the disadvantage is in favor of the EUR, so the downtrend for the EUR/USD currency pair is inevitable. The momentum for the EUR/USD pair is currently quite low, so a short-term sell order can be considered feasible. ➡ Analysis based on important resistance - support and Fibonacci levels combined with SMA to come up with a suitable strategy Plan: 🔆 Price Zone Setup: 👉Sell EUR/USD 1.0800 – 1.0810 ❌SL: 1.0845 | ✅TP: 1.760 – 1.0730 – 1.0700 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
1
GBP/USD Trend Today - Bearish?🔔🔔 GBP/USd news: 👉Weaker-than-expected inflation data pressured the British Pound in early European trading on Wednesday. Later in the day, the UK's Office for Budget Responsibility announced a downward revision of its 2025 GDP growth forecast to 1%, leading to a decline in GBP/USD. While presenting the Spring Budget, UK Chancellor Rachel Reeves highlighted the increasing instability of the global economy and announced cuts to planned government spending. 👉 On Thursday, the U.S. Department of Labor will release the weekly Initial Jobless Claims data, with markets expecting a rise to 225,000 from the previous 223,000. A significant drop in this figure could strengthen the U.S. dollar and push GBP/USD lower. 👉Meanwhile, market sentiment remains cautious early Thursday following the latest remarks from U.S. President Donald Trump regarding tariffs. 👉 If safe-haven flows dominate financial markets later in the day, GBP/USD may struggle to maintain its position. Personal opinion: 👉GBP/USD will continue to decline as this pair is vulnerable to potential risks from the trade war. 👉Moreover, a part of investors will turn to safe havens such as gold to keep their assets. So this pair will still be limited in the near future Plan: 🔆 Price Zone Setup: 👉Sell GGBP/USD 1.2970 – 1.2980 ❌SL: 1.3010 | ✅TP: 1.2920 – 1.2870 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
EUR/USD Today - Maintain Downtrend🔔🔔🔔 EUR/USD News: 👉 The US dollar paused its rally on Thursday, with the US Dollar Index (DXY) falling just above the key 104.00 level as investors remained cautious about the possibility of a US recession, especially after former President Trump announced a new 25% tariff on imported cars. 👉 The main driver of the dollar’s ​​recent gains has been Trump’s tariff threats, as he hinted at an additional 20% duty on imports from the European Union that could come into effect as early as next week. 👉 Trump’s tough stance on trade – this time targeting cars, aluminium and pharmaceuticals – has raised fears of a full-blown transatlantic trade war. 👉 On the one hand, such tariffs could force the Federal Reserve to maintain a hawkish stance to keep inflation in check. On the other hand, they risk slowing global growth, especially if the EU retaliates. This double blow has added volatility to the forex market, with the euro becoming the main focus. Personal opinion 👉 Today's PCE news will be a high-stakes test for EUR/USD. Overall, the current trend of this currency pair is still down and remains within the downtrend line. Therefore, the rise will be an opportunity to Sell orders at a good price 👉 Analysis based on important resistance - support levels and Pivot Points combined with trend lines and EMAs to come up with a suitable strategy Plan: 🔆 Setting the price zone: 👉Sell EUR/USD 1.0800– 1.0810 ❌SL: 1.0840 | ✅TP: 1.0760 – 1.0710 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
1
EUR/USD Trend After Trump Tariff News🔔🔔🔔 EUR/USD news: 👉The EUR/USD pair climbed toward 1.0800 during North American trading hours on Thursday, rebounding after six consecutive days of losses despite growing concerns over a potential trade war between the United States and the Eurozone. Trade war afraid intensified as the EU prepares to impose retaliatory tariffs on the U.S. in response to the 25% auto tariffs implemented by President Donald Trump on Wednesday, set to take effect on April 2. 👉 Germany’s economy is expected to be among the hardest hit by Trump’s auto tariffs, as the country exports 13% of its total automobile production to the U.S. Such a scenario could weaken the outlook for the Euro (EUR). 👉 Earlier in the day, President Trump also threatened to introduce large-scale tariffs on Canada and the Eurozone, accusing them of attempting to harm the U.S. economy. economy. Following these broad tariff threats, ECB policymaker and Belgian Central Bank Governor Pierre Wunsch stated in an interview with CNBC that tariffs would negatively impact economic growth and increase inflationary pressures. Personal opinion: 👉 The recovery in the EUR/USD pair is also driven by a significant correction in the US Dollar. But this is only in the short term, the main trend is still more unfavorable for the EUR. 👉 Analysis based on important resistance - support and Fibonacci levels combined with trend lines and EMA Plan: 🔆 Price Zone Setup: 👉Sell EUR/USD 1.0810- 1.0820 ❌SL: 1.0855 | ✅TP: 1.0770 – 1.0740 – 1.0700 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
1
NZDUSD - H4, H1 Forecast - Technical Analysis & Trading IdeasTechnical analysis is on the chart! No description needed! OANDA:NZDUSD __________________________________________________________________ ❤️ If you find this helpful and want more FREE forecasts in TradingView, . . . . . . . . Hit the 'BOOST' button 👍 . . . . . . . . . . . Drop some feedback in the comments below! (e.g., What did you find most useful? How can we improve?) 🙏 Your support is appreciated! Now, it's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Have a successful week, ForecastCity Support Team
Long
by ForecastCity
17
USD/JPY Trend Today - Unfavorable for JPY🔔🔔🔔 USD/JPY news: 👉Private sector activity in Japan deteriorated in March, as the composite PMI dropped from a six-month high of 52.0 in February to 48.5, signaling a renewed decline in business activity. The services PMI fell to a three-year low of 49.5 from 53.7 in February, while the manufacturing PMI declined to a multi-year low of 48.5 from 52.0 in the previous month. 👉Meanwhile, Japan’s Finance Minister, Katsunobu Kato, warned that "Japan has not yet overcome deflation." He noted that rising prices were primarily driven by a weak yen and high commodity costs rather than a cycle of wage growth and consumer demand. 👉The Bank of Japan (BoJ) is unlikely to tighten its policy significantly beyond current levels, which poses a downside risk for the JPY. Swap markets continue to indicate a rate hike of less than 50 basis points over the next twelve months. Personal analysis: 👉JPY is underperforming most major currencies, JPY is unlikely to gain traction over USD due to the impact of fundamental information. Therefore, in the short term, this pair will maintain its upward momentum 👉However, USD/JPY is approaching the strong resistance level of 151.00. Besides, RSI (1H) is entering the overbought zone, so there will be a technical pullback to create momentum for the main uptrend. 👉Analysis based on important resistance - support and Fibonacci levels combined with Pivot points and RSI to come up with a suitable strategy Plan: 🔆 Price Zone Setup: 👉Sell USD/JPY news: 151.00 - 151.10 ❌SL: 151.45 | ✅TP: 150.60 – 150.20 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
1