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USDJPY: The USD is stable in the context of the Fed cutting specThe yen showed resilience, up 0.23% against the dollar at 150.26, although Japan's GDP figures showed a larger-than-expected recession and Germany overtook Japan as the world's leading economic power. third largest economy in the world. Commonwealth Bank of Australia currency strategist points out that the technical recession in Japan has minimal impact on the dollar/yen exchange rate, with upcoming spring wage negotiations seen as has more influence on the policy direction of the Bank of Japan and the performance of the yen. The market is still considering the high possibility of BOJ raising interest rates in April, despite negative GDP data.
Long
by Chart_MasterPro
EURUSD: The USD remained stable as the market waited for US inflThe US dollar remained steady on Monday, with limited trading activity due to the holiday in major markets in Asia. Investors are awaiting the release of US inflation data, which is expected to play a key role in shaping the Federal Reserve's interest rate decisions. Upcoming US Consumer Price Index (CPI) data for January, scheduled for release on Tuesday, is in particular focus as it could provide insight into when the Fed may consider cutting interest rate. In currency developments, the euro fell slightly to $1.0778, falling back from a 10-day peak reached early in the trading session. This follows a modest rebound last week following a period of contraction throughout 2024. Fourth-quarter euro zone economic growth data, due on Wednesday, is expected to provide provide additional signals for the direction of the currency.
Long
by Chart_MasterPro
CAD/JPY Short and EUR/USD ShortCAD/JPY Short • If price impulses down below our area of interest on the one hour chart and a subsequent two touch fifteen minute flag forms, then I'll filter the latter on the five minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/USD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back down on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Short
by StewySongs
2
USD/JPY Long and EUR/USD ShortUSD/JPY Long • If price corrects and a three touch larger one hour structure forms, then I'll filter the latter on the fifteen minute chart and be looking to get long with a risk entry within it. • If price corrects and a two touch larger one hour structure forms with a three touch structural approach, then I'll filter them both on the fifteen minute chart and I'll be looking to get long with a risk entry within them. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/USD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back down on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
by StewySongs
USDJPY: The yen is at a 10-week low as the dollar rose for a fouThe Japanese yen remained near a 10-week low on Friday, with currency markets adjusting expectations around interest rate movements from global central banks. The yen traded slightly changed at 149.315 against the USD, after falling to 149.48 in the previous session, marking its lowest since November 27. Bank of Japan Deputy Governor Shinichi Uchida's comments on Thursday suggested the central bank is unwilling to raise interest rates quickly even after potentially ending its negative interest rate policy, which some Market participants predict it could happen as soon as next month. Despite careful monitoring of foreign exchange movements by Japanese Finance Minister Shunichi Suzuki, who reiterated that monetary policy decisions belong to the central bank, the yen did not show a significant reaction. The dollar index, a gauge against six major currencies, remained steady at 104.15. It rose 0.1% on Thursday after data showed resilience in the US labor market, dampening expectations of an imminent interest rate cut by the Federal Reserve. For the week, the dollar index was up 0.18%, boosted by strong monthly payrolls data last Friday and hawkish comments from Fed Chairman Jerome Powell in a "60" interview. minutes" aired on Sunday. Upcoming US economic data includes the Consumer Price Index (CPI) inflation report for January, which will be released on Tuesday. Traders have significantly reduced the odds of a rate cut at the Fed's March policy meeting to just 16.5%, down sharply from 65.9% a month ago, according to CME Group's FedWatch Tool .
Short
by Chart_MasterPro
WTICO/USD ShortWTICO/USD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back down on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
OANDA:WTICOUSDShort
by StewySongs
AUD/JPY Long and SUGAR/USD LongAUD/JPY Long • If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back up on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get long with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. SUGAR/USD Long • If price corrects and a subsequent two touch tight fifteen minute flag forms, then I'll filter the latter on the five minute chart and be looking to get long with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
OANDA:SUGARUSDLong
by StewySongs
USDJPY: Fed Chairman Powell: An interest rate cut in March is unFed Chairman Powell participated withinside the American tv program "60 Minutes": With the economic system strong, we sense the want to take into account the timing of hobby price cuts carefully Confidence is rising, however we need to be even greater assured as we take the `very critical step' of beginning to reduce hobby rates Achieving desirable development on inflation An early selection can be made if exertions marketplace weak spot is mentioned or there's convincing proof that inflation is surely falling. An hobby price reduce in March is not going Inflation expectancies will hold to say no withinside the first 6 months of this yr because of essential impacts Expect the 12-month inflation index to say no this yr Most 19 policymakers see hobby price cuts this yr as appropriate We do now no longer convey politics into our selection making There isn't anyt any excessive opportunity of recession Do now no longer take into account business actual property loans because the purpose of the disaster as withinside the past China issues are not going to have an effect on the United States economic system, there'll likely be a few impacts, however they may now no longer be large Geopolitical danger is taken into consideration the largest short-time period danger, however for different areas of the arena it's miles even more than the United States
Short
by Chart_MasterPro
EUR/CAD ShortEUR/CAD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back down on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Short
by StewySongs
EUR/CAD Short and WTICO/USD ShortEUR/CAD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back down on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. WTICO/USD Short • If price corrects and a three touch larger one hour structure forms, then I'll filter the latter on the fifteen minute chart and be looking to get short with a risk entry within it. • If price corrects and a two touch larger one hour structure forms with a three touch structural approach, then I'll filter them both on the fifteen minute chart and I'll be looking to get short with a risk entry within them. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
OANDA:WTICOUSDShort
by StewySongs
1
EUR/USD Short, AUD/JPY Long and AUD/CAD LongEUR/USD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back down on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. AUD/JPY Long • If price corrects and a subsequent two touch tight fifteen minute flag forms, then I'll filter the latter on the five minute chart and be looking to get long with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. AUD/CAD Long • If price corrects and a subsequent two touch tight fifteen minute flag forms, then I'll filter the latter on the five minute chart and be looking to get long with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
by StewySongs
USDJPY: The dollar was little changed before the European sessioVolatility among major currencies was relatively mild ahead of today's European session. The Australian dollar edged up slightly, building on yesterday's sharp recovery during the US session. Notably, AUD/USD bounced off the December low and 100-day moving average at 0.6525-30 but is now returning to its previous accumulation phase near 0.6600 USD/JPY fell to a more than two-week low and tested the 146.00 level yesterday. That comes after Treasury yields fell sharply again, which made things more complicated this week. There are no data of note on the economic calendar in Europe today. Thus, all focus and attention will be on the upcoming US employment report.
Long
by Chart_MasterPro
USD/CHF LongUSD/CHF Long • If price corrects and a subsequent two touch tight fifteen minute flag forms, then I'll filter the latter on the five minute chart and be looking to get long with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Long
by StewySongs
EURUSD: The USD is expected to have its largest monthly increaseThe US greenback is on course for its maximum giant month-to-month benefit on account that September, with a 2% benefit towards a basket of main currencies as January ended. The boom changed into attributed to marketplace modifications to the tempo and quantity of anticipated hobby fee cuts, stimulated through sturdy US financial facts and competition from important financial institution officials. toward reducing hobby prices. In contrast, the Japanese yen changed into poised for its maximum giant decline towards the greenback in almost a year, falling extra than 4% in January. This is the sharpest decline on account that February 2023, because of falling salary boom and slowing inflation in Japan, which has decreased expectations of hobby fee hikes. Early within the Asian buying and selling day, the greenback remained consistent at $1.0844/euro and barely weaker at 147.23 yen. The greenback index, which tracks americaA forex towards a set of different currencies, changed into final visible at 103.36. Investors are also targeted on the imminent choice through the Federal Reserve, which predicts that US hobby prices will continue to be unchanged. However, the Fed should sign the opportunity of a fee reduction through casting off language similarly fee hikes are beneathneath consideration. According to hobby fee futures, there may be presently approximately a 43% hazard of the Fed slicing hobby prices in March, down appreciably from a 73% hazard at the start of the year. Deutsche Bank's chief global strategist, Alan Ruskin, explains that the marketplace's response to the Fed assembly will probably be pondered withinside the chance of a fee reduction in March. Ruskin elaborates on the connection among this opportunity and the euro/greenback trade fee, noting that a 50-50 hazard is in line for the euro at $1,087, at the same time as a completely predicted hobby fee reduction might push the euro to $1,1080. Conversely, if the March fee reduction is completely discounted, the euro should fall to $1.0660. Before the Fed's choice, financial signs including the shopping managers index survey from China and European inflation facts can be released. Australian inflation facts, barely decrease than economics anticipate, bolstered expectations that the Reserve Bank of Australia has ended its hobby fee hike cycle.
Short
by Chart_MasterPro
NZD/USD Short, GBP/NZD Long and USD/CHF LongNZD/USD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back down on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. GBP/NZD Long • If price impulses up above our area of interest on the one hour chart and a subsequent tight two touch fifteen minute flag forms, then I'll filter the latter on the five minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. USD/CHF Long • If price pushes below our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back above our area of interest on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get long with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
by StewySongs
1
NZD/USD Short, GBP/CHF Long, GBP/NZD Long and USD/CHF LongNZD/USD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back down on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. GBP/CHF Long • If price impulses up above our area of interest on the one hour chart, then I'll be waiting for a subsequent tight two touch fifteen minute flag to form and then I'll filter the latter on the five minute chart and be looking to get long with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. GBP/NZD Long • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back down on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. USD/CHF Long • If price pushes below our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back up on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get long with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
by StewySongs
USD/CHF Long and GBP/CHF LongUSD/CHF Long • If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back up on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get long with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. GBP/CHF Long • If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back up on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get long with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Long
by StewySongs
AUDUSD: Fed and BoE interest rate decisions, economic data and UEconomic calendar with market-impacting events including the latest Fed and BoE monetary policy decisions, US NFP reports, German and Eurozone fourth-quarter growth, manufacturing PMIs and Chinese services, German and Euro zone inflation data. In addition to the economic calendar, a series of major US technology companies will announce their latest fourth quarter business results. On Tuesday, Alphabet (GOOG) and the world's largest company Microsoft (MSFT) will release financial reports, while on Thursday, Amazon (AMZN), Apple (APPL) and Meta Platform (META) will release financial reports. Announce earnings after the market closes. The US stock market continues to set new records as investors remain determined to take risks. The upcoming earnings announcement of the "Magnificent 7" will weigh on the indexes due to the large proportion of these businesses and put the market at risk. Last week Tesla (TSLA) disappointed the market and fell about 12% following their earnings release.
Long
by Chart_MasterPro
WTICO/USD Short, AUD/CAD Short and USD/CHF LongWTICO/USD Short • If price impulses down below our area of interest on the one hour chart, then I'll be waiting for a subsequent two touch tight five minute flag to form and then I'll be looking to get short with a reduced risk entry on the break of it. • If price impulses down below our area of interest on the one hour chart and a subsequent two touch fifteen minute flag forms, then I'll filter the latter on the five minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. AUD/CAD Short • If price corrects and a subsequent two touch tight flag forms, then I'll filter the latter on the five minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. USD/CHF Long • If price corrects and a subsequent two touch tight fifteen minute flag forms, then I'll filter the latter on the five minute chart and be looking to get long with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
by StewySongs