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DJ FXCM Index

USD/CHF Wedge BreakoutThe USD/CHF pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 0.9094 2nd Support – 0.9063 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
Short
by KABHI_TA_TRADING
27
USDCAD Best sell opportunity in 5 years!The USDCAD is standing on unique grounds as it is just below the 9-year Resistance Zone and is consolidating. Last time it hit this Zone was on the week of March 16 2020 and as you can see it got brutally rejected. Both the January 18 2016 and March 16 2020 tops have similar 1W RSI patterns and after their rejection, the price's first stop was on the 0.236 Fibonacci level. As a result, our Target is 1.26000 on this unique long-term sell opportunity. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
Bearish drop?US Dollar Index (DXY) has reacted off the pivot and could potentially drop to the 1st support. Pivot: 109.38 1st Support: 108.53 1st Resistance: 110.17 Risk Warning: 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. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
TVC:DXYShort
by ICmarkets
2
XAUUSD POSSIBLE TRADE SETUPPotential Trade Setup on XAUUSD The price broke out of a strong intraday resistance zone and a long-used Trendline but we have yet to retest the broken structure. The price is developing, and I am waiting for a retest of the previously broken resistance and used as support before I look for a LONG trade. You may find more details in the chart! Thank you and Trade Responsibly! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
FOREXCOM:XAUUSDLong
by Adefxc
EURUSD POSSIBLE TRADE SETUPPotential Trade Setup on EURUSD The price broke out of a strong intraday support zone, although the Trend remains bearish and the set Trendline keeps the price on the lower part of the market. The price is developing, and I am waiting for a retest of the previously broken support and used as resistance before I look for a SHORT trade. A BUY opportunity is at the top above the weekly Low at 1.04480. You may find more details in the chart! Thank you and Trade Responsibly! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by Adefxc
13
USDJPY consolidating before the next leg up.USDJPY is trading inside a Channel Up since September 16th and in the past 4 weeks has been ranging. This consolidation was also seen on the previous Channel Up pattern of 2024, halfway through the pattern. The 1day RSI patterns among the two are identical, which means that this is a strong buy opportunity. Buy and aim for Resistance A at 162.000 as a short term, low risk target. Previous chart: Follow us, like the idea and leave a comment below!!
Long
by TheCryptagon
DXY in 4H timeframehello dear traders U.S. Dollar Index (DXY) and the potential for a correction over the next month: Federal Reserve Monetary Policy: If the Federal Reserve signals a slowdown or pause in its rate hikes, it could put downward pressure on the DXY. Upcoming speeches or FOMC minutes will be key indicators to watch. U.S. Economic Data: Weaker-than-expected economic data, such as lower GDP growth, higher unemployment rates, or declining inflation, could suggest a less aggressive Fed policy, leading to a potential correction in the dollar. Global Economic Trends and Risk Sentiment: Increased risk appetite in global markets could drive investors toward riskier assets (like equities or emerging market currencies), reducing demand for the dollar as a safe-haven asset. Geopolitical and International Developments: Any easing of geopolitical tensions or positive trade agreements between major economies could diminish the dollar’s safe-haven appeal and contribute to a potential correction. Correlated Markets like Gold and Oil: Rising prices in gold or oil often correlate with a weaker dollar. If these assets strengthen, it could be a sign of dollar weakness. In summary, weaker U.S. data or dovish signals from the Fed, combined with a more favorable global economic environment, could increase the likelihood of a DXY correction over the next month.
TVC:DXYShort
by mehdi_kb
GBP/USD Channel BreakoutThe GBP/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Channel Pattern. This suggests a shift in momentum towards the upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.2365 2nd Support – 1.2460 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
Long
by KABHI_TA_TRADING
14
AUDUSD: RSI moves into oversold levelsThe AUDUSD has experienced a consistent decline of over 3% in the past month. This is primarily due to the growing strength of the U.S. dollar as the next Fed decision approaches (January 29), where interest rates are expected to remain stable at 4.5%. Bearish Channel: Since October 4, 2024, a solid bearish channel has been maintained, with the price reaching a low of 0.61308. However, to further confirm bearish momentum, it is almost essential to break through the next key support level at 0.60151. RSI: Currently, the RSI line is oscillating below the 30 level , indicating significant oversold conditions, where bearish momentum has taken over the market with greater intensity. Additionally, higher lows on the RSI and lower lows on the price have created a bullish divergence. Both events in the indicator may signal the emergence of potential short-term bullish corrections as short positions ease near support zones. Key Levels: 0.62369: A nearby resistance level that has acted as a point of neutrality in recent oscillations and coincides with the upper boundary of the current bearish channel. Breaks above this level could bring back buying momentum and challenge the current bearish formation on the chart. This level is crucial to monitor for potential short-term bullish corrections. 0.60151: A key support level and the closest barrier for bearish positions. Breaks below this level could mark a new price low and further consolidate the strength of the current bearish channel. By Julian Pineda, CFA - Market Analyst
by FOREXcom
EURUSD Channel Down bottoming on oversold 4H RSI.The EURUSD pair has been trading within a Channel Down pattern since the December 06 2024 High. The 4H RSI is oversold (<30.00) and every time it has been so on this pattern, it was a buy opportunity. The target of those buy signals has been the 4H MA50 (blue trend-line). We expect the price to be at least 1.02850 when it hits it. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
USD/JPY (UJ) Analysis (Daily Timeframe)The USD/JPY pair has been following a clear market cycle, transitioning from distribution to markdown , followed by accumulation , and now entering a bullish markup phase , showcasing strong bullish momentum. Key Observations: Market Phases: Distribution Phase: The bullish move ended near the 162 level , where sellers gained control, initiating a markdown. Accumulation Phase: After a significant markdown, UJ found a base around the 140 level, forming an accumulation phase with demand coming back into the market. Current Phase: The pair has now broken out of accumulation and is in a bullish move, with a well-defined structure of higher highs and higher lows. EMA Surfing and Momentum: The price is currently surfing upward along the EMAs , showing strong trend-following behavior with EMAs acting as dynamic support. The tightening of the EMAs during the accumulation phase has now expanded , supporting the continuation of the bullish move. Scenarios to Watch: Continuation to Targets: USD/JPY could continue its bullish momentum toward the short-term target near 159 and potentially the medium-term target around 162. This aligns with the ongoing strength in the USD and the current bullish structure . Pullback for Reaccumulation: A potential retracement could act as a reaccumulation phase, gathering liquidity before resuming the uptrend.
Long
by TraderOuss_LumaNex
NAS100/USTEC - 4hr| Descending TriangleSimple Trading: Descending Triangle Nas100 has been trailing down for the past week. if the price breaks below 20,700, then the bullish momentum may be loss. Expect Nas100 to continue to bounce from one end of the triangle to the other end. Once the Triangle is broken, we can reveal the exact target area. Keep in mind that the last 4hr candle has closed below the previous candle low. Price could be preparing for a pullback before continuing to make a lower low. This will either be a break and retest with continued bearish pressure or a complete fakeout.
FX:NAS100
by nikdobii
Why is the GBP Selling Off?The GBP/USD pair has seen a significant drop, plunging to 1.2191, a level last witnessed in November 2023. This decline comes despite rising UK bond yields, with the 30-year yield reaching 5.47% and the 10-year yield at 4.8%, both historic highs not seen in decades. Typically, such yields would support the pound; however, lingering fears of inflation and fiscal instability have outweighed this effect. The UK faces economic challenges, including increased borrowing costs and fiscal constraints under Chancellor Rachel Reeves' leadership. Meanwhile, the US dollar continues to gain momentum, driven by strong economic indicators and rising Treasury yields. As traders monitor the unfolding fiscal policies in the UK and any shifts in US trade strategies, the GBP/USD pair is likely to remain volatile. Keep an eye on these developments, as they will be key drivers in determining future price action in this currency pair.
by tastyfx
Dollar Set to rally Before Trump is in office? #USDCHF UPDATEIn this video, we provided a quick update on our USDCHF trade that we analyzed and entered yesterday. We took some profits, broke even on the original position, and added a new position for a short-term play. We still anticipate higher prices for the USD Dollar overall, especially as we approach President Trump’s upcoming term in office. If you found this video helpful and want to see more like it, be sure to boost, follow, and share with your fellow traders. Have a specific pair you’d like us to analyze? Drop it in the comments, and we’ll do our best to cover it this weekend. Happy trading, and enjoy your weekend!
Long
by BlueOceanFxAcademy
4
EUR/USD Bearish PennantThe EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Pennant pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.0242 2nd Support – 1.0205 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
Short
by KABHI_TA_TRADING
27
GBPUSD Ultimate buy signal at the bottom of the 2year Channel UpThe GBPUSD pair brutally reversed this week's early gains and the 1W candle will most likely close in red after making a new Low. The trend has been bearish since the September 23 2024 High and has been accelerated after the 1W MA50 (blue trend-line) and 1W MA200 (orange trend-line) rejection in early December. This is however the ultimate long-term buy opportunity as the price is almost at the bottom of the 2-year Channel Up. On top of that, the 1W RSI is almost on the oversold barrier (30.00), a level intact since October 2022. As long as the price is closing within the Channel Up, we see a rebound towards the 0.618 Fibonacci retracement level very likely, as it happened in November 2023. Our Target is 1.2950. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
6