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Supportandresistence

USD/JPY Outlook (04 October 2021)Overall, USD/JPY is trending upwards. Recently, USD/JPY traded into the support zone of 110.800. The Japanese Consumer Confidence data (Actual: 37.8, Forecast: 37.4, Previous: 36.7) released last Friday indicated a slight increase in the level of confidence of the surveyed households on the economic conditions of Japan. Currently, USD/JPY is testing the support zone of 110.800 and the next resistance zone is at 112.000. Look for buying opportunities of USD/JPY if it rejects the support zone of 110.800.
Long
by JinDao_Tai
USD/CAD Outlook (27 September 2021)Overall, USD/CAD is trending upwards. Recently, USD/CAD bounced down from the key level of 1.27. The Canadian retail sales data released yesterday indicated a decline in consumer spending in July as Canada was in the process of lifting restrictions. Core Retail Sales m/m (Actual: -1.0%, Forecast: -1.5%, Previous: 4.8% revised from 4.7%) Retail Sales m/m (Actual: -0.6%, Forecast: -1.2%, Previous: 4.2%) Currently, USD/CAD is moving towards the support zone of 1.26100 and the next resistance zone is at 1.29000. Look for short-term buying opportunities of USD/CAD if it bounces off the support zone of 1.26100.
Long
by JinDao_Tai
EUR/USD Outlook (31 August 2021)Overall, EUR/USD is trending downwards. Recently, EUR/USD broke the resistance zone of 1.17600. The eurozone CPI flash estimate y/y data will be released later at 1700 (GMT+8). CPI Flash Estimate y/y (Forecast: 2.7%, Previous: 2.2%) Core CPI Flash Estimate y/y (Forecast: 1.5%, Previous: 0.7%) Currently, EUR/USD is testing to break above the key level of 1.18. Its next support zone is at 1.17600 and the next resistance zone of 1.19000. Look for buying opportunities of EUR/USD if it breaks above the key level of 1.18.
Long
by JinDao_Tai
AUD/USD Outlook (31 August 2021)Overall, AUD/USD is ranging across. Recently, AUD/USD bounced off the resistance zone of 0.73300. The Australian Building Approvals m/m data (Forecast: -5.0%, Previous: -6.7%) will be released later at 0930 (GMT+8). Also, the Australian GDP q/q data (Forecast: 0.6%, Previous: 1.8%) will be released tomorrow at 0930 (GMT+8). Currently, AUD/USD is testing to break below the key level of 0.72. Its next support zone is at 0.72200 and the next resistance zone is at 0.73300. Look for short-term buying opportunities of AUD/USD if it bounces up from the key level of 0.72.
Long
by JinDao_Tai
EUR/USD Outlook (24 August 2021)Overall, EUR/USD is trending downwards. Recently, EUR/USD broke above the key level of 1.17. The French flash PMI data released yesterday indicated that business activities continue to expand strongly in August. French Flash Manufacturing PMI (Actual: 57.3, Forecast: 57.1, Previous: 58.0 revised from 58.1) French Flash Service PMI (Actual: 56.4, Forecast: 56.2, Previous: 56.8 revised from 57.0) The German Flash PMI data released yesterday indicated a slight slowdown in the pace of expansion of the manufacturing sector activities while the services sector continues to expand fast in August. German Flash Manufacturing PMI (Actual: 62.7, Forecast: 65.1, Previous: 65.9 revised from 65.6) German Flash Services PMI (Actual: 61.5, Forecast: 61.0, Previous: 61.8 revised from 62.2) The eurozone flash PMI data released yesterday indicated that business activities in the eurozone remain strong in August. Furthermore, it was indicated in the PMI report that employment in the eurozone grew at a fast pace. Flash Manufacturing PMI (Actual: 61.5, Forecast: 62.0, Previous: 62.8 revised from 62.6) Flash Services PMI (Actual: 59.7, Forecast: 59.6, Previous: 59.8 revised from 60.4) Currently, EUR/USD is moving up towards the resistance zone of 1.17600 and the next support zone is at 1.16300. Look for short-term selling opportunities of EUR/USD if it bounces off the resistance zone of 1.17600.
Short
by JinDao_Tai
1
GBP/USD Outlook (19 August 2021)Overall, GBP/USD is ranging across. Recently, GBP/USD weakened after the release of the hawkish Federal Reserve meeting minutes. The UK CPI y/y data (Actual: 2.0%, Forecast: 2.3%, Previous: 2.5%) released yesterday indicated a slowdown in annual inflation but still in line with the Bank of England’s target. GBP/USD’s next support zone is at 1.36000 and the next resistance zone is at 1.38000. Look for short-term selling opportunities of GBP/USD.
Short
by JinDao_Tai
1
USDJPY 109.821 + 0.06 % SHORT IDEA PRICE ACTION & STRUCUTREHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE USD /JPY . * follow your entry rules on entries * significant moves with the bears change the plan. lets see how it goes. many stars must align with the plan before executing the trade, kindly follow your rules. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Short
by PULEMokhothu
1