Weekly Forex Trade Planning SessionAnalysed Pairs: CAD/JPY, GBP/USD, USD/JPY, USD/CAD, EUR/CAD
Market Overview:
USD & JPY: Bullish
CAD: Mixed
EUR & GBP: Weak
Price Analysis:
CAD/JPY:
Trend: Downtrend
Current Position: At Momentum Low
Outlook: Expecting a bullish pullback in the next phase.
GBP/USD:
Trend: Downtrend
Current Position: Trading at Momentum Low 5
Outlook: Potential for bearish continuation. Watch for a bullish reversal above 1.2186. A break below 1.2160 could signal further downside.
USD/CAD:
Trend: Strong Uptrend
Current Position: After a trend reset breaking the momentum high
Outlook: Avoid buying at the high; wait for a pullback to go long. Alternatively, look for short opportunities if the price breaks below the reset point.
USD/JPY:
Trend: Correction in Downtrend
Current Position: Observing Wave Structure 3
Outlook: Potential for a bullish secondary trend. Using Fibonacci levels, the price has paused at the 61.8% T2 target. If the high of Wave 3 isn't broken, the downtrend may resume.
EUR/CAD:
Trend: Trend-changing pattern after last pullback
Outlook: Look to sell on a break below 1.4860, with targets at 1.4825 and 1.4810.
Happy Trading!
USDJPY
USDJPY TRADE IDEA: LONG | BUY - W/B: 19/01/25UJ is going to be bearish for the next day or so, therefore taking opportunities as it goes up makes most sense. This is the entry I have found as the reversal has been made official.
RR: 3.64
N.B.: This is not financial advice. Trade safely and with caution.
USD/JPY "The Gopher" Forex Market Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
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Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the USD/JPY "The Gopher" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long & Short entry. 👀 So Be wealthy and safe trade 💪🏆🎉
Entry 📈 : You can enter a Bull or Bear trade at any point after the PPI news.
Stop Loss 🛑: Using the 1H period, the recent / nearest Pullbacks.
Goal 🎯: Bullish Robbers TP 160.00 (or) Before
Bearish Robbers TP 155.500 (or) Before
Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release.
Fundamental Outlook 📰🗞️
The upcoming PPI news is expected to be positive, with the Producer Price Index for final demand predicted to rise. This is based on the recent trend of increasing prices for final demand goods and services. In the previous month, the index for final demand goods moved up 0.7 percent, with prices for final demand foods jumping 3.1 percent. The index for final demand services also rose 0.2 percent, led by a 0.8-percent increase in margins for final demand trade services.
Upcoming Fundamental Indicators:
Interest Rate Divergence: US Federal Reserve vs. Bank of Japan
US Economic Data: Non-Farm Payroll, GDP growth rate
Japanese Economic Data: GDP growth rate, inflation rate
Trade Tensions: US-Japan trade tensions
Upcoming Market Sentiment:
Bullish Sentiment: 70%
Bearish Sentiment: 30%
Neutral Sentiment: 0%
Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan.
Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
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USDJPY Retest Completion and Bounce BackThe USDJPY pair is currently trading at a price of 156.000, with a target price set at 162. This suggests a potential gain of over 500 pips, indicating a significant upward movement. The market analysis highlights that the pair has recently completed its retesting phase at a critical support level. This retest confirms the strength of the support, as the price has now started to bounce back from this zone. The pattern identified is based on support and resistance, a common and reliable technical strategy in forex trading. A bounce from support often signals a bullish trend, making this an opportune time for buyers. Traders may view this as a favorable entry point, with the potential for strong gains. However, proper risk management and market monitoring are crucial. The setup aligns with technical indicators supporting the bounce scenario. The movement suggests the pair is regaining bullish momentum.
Weekly FOREX Forecast Jan 20-24thThis is an outlook for the week of Jan 20-24th.
In this video, we will analyze the following FX markets:
USD Index
EURUSD
GBPUSD
AUDUSD
NZDUSD
CAD, USDCAD
CHF, USDCHF
JPY, USDJPY
The USD is at a higher time frame Supply Zone. This coincides with the Inauguration Day for Trump. The USD Index will potentially start to turn over here, if the 2016 Inauguration Day is used as a model. No selling until a bearish break of structure! But stay vigilant, and be careful buying into a HTF Supply Zone!
Enjoy!
May profits be upon you.
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Thank you so much!
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All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
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AUDJPY NEXT STEPAUDJPY is falling towards these two red lines ;
the first line is obvious, the tough thing to forecast is what's happening after reaching this one, does it go back up before reaching the next one ?
For us, its should be a "head and shoulders" pattern, meaning some pretty smooth but sure descent towards lower prices, without going back up.
USDJPY - Idea for a long !!Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long. My point of interest is rejection from bullish OB + institutional big figure 154.000 + trendline.
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USDJPY Trading Opportunity! BUY!
My dear friends,
Please, find my technical outlook for USDJPY below:
The instrument tests an important psychological level 156.03
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 157.26
Recommended Stop Loss - 155.29
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
———————————
WISH YOU ALL LUCK
USD/JPY Short Scalp-USD/JPY has been pulling back for the past 12H, it is currently trading below a Trading Range and could evolve into a bear flag. Bulls do not show significant buying. FX:USDJPY
There is an extending triangle and an inside triangle forming, and could be sign of bears stepping in.
Target is 155.00, might not get it today but trade may evolve over next week depending on volatility.
Careful short, evolving
USD/JPY, Where to Next?As explained before before, USD/JPY drowned almost two percent this week, three scenarios can play out next:
- Bearish scenario: Current 4H chart is evolving into a bear flag from previous TR, bears could get a second or third (depending on ur analysis) leg down towards 154.00 target:
-Bullish scenario: Bulls could fight of the downtrend and reclaim 156.000 to evolve into a trading range. This will be hard as they have to reclaim 20 EMA where bears might be present. Bulls would need to show consecutive buying to show they are back in control.
-Sideways trading: Trading could be sideways to reach 20 EMA on the daily before next move is decided.
So far, odds favour the Bear scenario, the longer we stay below the trading range, the more likely bears are will get their bear leg.
- Scalp idea for the day traders:
Currently, theres an extending triangle evolving with an inside wedge top, this could be a sign bears are stepping in again. Bulls did not show strength at start of day, they got two small legs, but were not satisfied, likely to start selling again. Day could evolve into trading range day depending on reaction at day open.
If extending triangle plays out and there's consecutive selling, 155 is the target with 20 EMA acting as resistance.
Peace,
B Setup
USD/JPY: Key Pullback After 320-Pip Drops, Another Decline AheadBy analyzing the USD/JPY daily chart, we observe that after a significant drop to 155 (yielding 320 pips), the price has reacted to a key psychological level and is currently in a pullback phase. Following a short upward move, we can look for a suitable trigger to align with another potential downside move. This chart will be updated again soon—stay tuned!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Potential bullish bounce?USD/JPY is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 154.45
1st Support: 153.25
1st Resistance: 156.20
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Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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USD/JPY begins to unravelUSD/JPY has fallen nearly -2% in two days, and the required central bank divergence between the Fed and BOJ appears to be returning, which could see prices much lower from here.
Prices are close to reaching my bearish target at the monthly pivot point (154.60) outlined in yesterday's video, and prices are less than a day's trading-range away from it. Perhaps it can tag that key level today.
However, with a bullish RSI (2) divergence on the daily chart, and the 50-day SMA nearby, bears may want to remain nimble. Still, if we see a bounce from the monthly pivot, bears could seek to fade into minor rallies within Thursday's range in anticipation of a move down towards the 1534 handle.
Matt Simpson, Market Analyst at City Index and Forex.com
USDJPY is Nearing An Important Daily Support!!Hey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 154.000 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the daily trend at 154.000 support and resistance area.
Trade safe, Joe.
XAU/USD Analysis: Gold's Bullish Momentum Eyes $2,790The analysis of XAU/USD highlights a strong bullish momentum in the short term, with gold prices reaching a one-month high above $2,700 on January 16, 2025. This rally was supported by contrasting U.S. economic data: while consumer spending showed strength, the increase in unemployment claims contributed to a decline in U.S. Treasury yields, enhancing gold's appeal as a safe-haven asset. Optimism regarding a possible Federal Reserve rate cut, driven by cooling inflation, has further strengthened positive sentiment toward gold, which has posted three consecutive sessions of gains. From a technical perspective, the breakout above the key resistance level of $2,697 opens the door to a potential target of $2,740, reinforcing the current bullish trend. However, traders remain focused on upcoming economic events, including the Federal Reserve's rate decision at the end of January and the release of CPI and Non-Farm Payrolls data in early February, which could significantly impact market sentiment. Expectations suggest that a potential rate cut or weak macroeconomic data could continue to support gold prices, while signs of economic strength or a rate hike might trigger bearish pressure. In the medium term, gold could fluctuate between $2,650 and $2,800, with the market remaining sensitive to monetary policy developments and inflation dynamics. In the long term, potential geopolitical stabilization and a global economic recovery could reduce interest in gold as a safe-haven asset, bringing prices to a range between $2,500 and $2,600.
Bottom Wedge USD/JPY - Which side will we see a breakout from ?
-> Following FX:USDJPY downfall, price almost fell two percent this week.
-> Bottom wedge was identified, which side it will break down to is still to be determined. Either way, an upside breakout can justify a scalp on 5-15 min timeframe a after consecutive bull bars are seem. Looking at the other side of the coin, a downside breakout would lead to a third leg down a indicate that the bear trend is soon halting or reversing.
-> Most importantly, be cautious and patient with such trades, wait for breakout and follow through buying- or selling- to place trade. Remember that USD/JPY is reversing with a strong Yen and odds favour bears, as seen with bear flag on this 4h chart:
Will the bear flag will get a secong leg and gain downside momentum?, or will we have a failed trading range breakout with a short term reversal around the 156.000 area is still to be determined.
B setup
Peace
Bullish bounce?USD/JPY is falling towards the support level which is a pullback support that lines up with the 138.2% Fibonacci extension and could bounce from this level to our take profit.
Entry: 154.69
Why we like it:
There is a pullback support level that lines up with the 138.2% Fibonacci extension.
Stop loss: 153.28
Why we like it:
There is a pullback support level that is slightly below the 50% Fibonacci retracement.
Take profit: 156.23
Why we like it:
There is an overlap resistance level.
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XAU/USD : Gold Surges Above $2700: Volatility Looms! (READ)By analyzing the gold chart on the 4-hour timeframe, we see that, as anticipated, the price experienced another strong rally, breaking above $2700. Today, gold reached $2711 before encountering a bearish order block, triggering a correction. Currently, it is trading around $2703.
With key reports like Retail Sales and Unemployment Claims ahead today, gold is expected to see heightened volatility. Given the current momentum, further correction is likely. The first corrective target for gold is $2698.5, with subsequent targets to be updated in future analyses. Stay tuned!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
USD/JPY : Ready for more Fall?! (READ THE CAPTION)Upon analyzing the USD/JPY chart in the daily time frame, we see that the pair is currently trading around the 157.060 level. Given the recent price action, I anticipate a significant correction in USD/JPY in the near future.
The first potential target for this decline is 156.25, so keep a close eye on this level! Stay tuned for updates as we track this movement together.
Let me know your thoughts in the comments below!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
EUR/USD : Approaching Critical Demand Zones! (READ THE CAPTION)By reviewing the #EURUSD chart in the three-day timeframe, we can see that the price has currently reached a very important demand zone, and the probability of a price reversal from this level is high! However, note that I personally have another scenario in mind, which is that after an initial short-term rise in the current area, the price will decline again to the very important demand zone of 1.005 to 1.007 , and then, with a suitable trigger in this area, we can look for an attractive BUY position !
All key levels and important zones have been marked on the chart! If you have any questions, be sure to ask, and I will try to respond as soon as possible!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban