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GBPUSD_109 2024.11.07 05:47:10 Trading Signal BUYFrankPro Signal for GBPUSD_109 Type: Screen Signal: BUY TP: 1.29761 SL: 1.29185 Entry Price: 1.29257 Analysis for GBPUSD Forecast Overall(Short-Term, Long-Term): ST= Strong Down LT= Strong Up Forecast Methods(Short-Term, Long-Term): ST=Down LT=Up ST=Down LT=Up ST=Down LT=Up Analysis Method(0) Based on the provided analysis, here are my predictions for the GBP/USD exchange rate: **Short-term (next few days):** * The price is expected to be highly volatile due to the US presidential election results and upcoming monetary policy decisions. * Technical analysis suggests a potential fall to the 50% Fibonacci Retracement point at 1.2732, with a sell target at 1.2730 and a stop-loss at 1.3000. * However, a breakout above 1.2900 could lead to a bullish scenario with a take-profit at 1.3000 and a stop-loss at 1.2730. * Given the uncertainty and volatility, I predict the price to **go down** in the short-term, potentially testing the support area near 1.2865. **Long-term (next few weeks/months):** * The GBP/USD forecast suggests an attempt to test the support area near 1.2865, followed by potential growth with a target near 1.3235. * A breakout above the resistance area of 1.3065 would confirm the growth option. * Considering the potential for a rate cut by the Federal Reserve and the Bank of England, I predict the price to **go up** in the long-term, potentially reaching the target near 1.3235. * However, if the price breaks below the support area of 1.2795, it could indicate a continuation of the decline, and the long-term outlook would be bearish. Please note that these predictions are based on the provided analysis and are subject to change as new information becomes available. Result: ST=Down LT=Up Analysis Method(1) Based on the provided analysis, here is my assessment of the expected price movement for the GBP/USD pair: **Short-term (next few days):** * The technical analysis suggests a bearish trend, with the pair moving below the 50-day and 100-day EMAs and below the Ichimoku cloud. * The MACD indicator has moved below the zero line, and the RSI has moved downwards, indicating a potential continuation of the downtrend. * The forecast suggests a potential decline to around 1.2725 if the pair breaks below 1.2795. * High volatility is expected due to the US election results and upcoming economic announcements. **Expected price movement in the short-term: DOWN** **Long-term (next few weeks/months):** * The impact of the US election on the GBP/USD pair is expected to be significant, but the long-term effects are uncertain. * The Federal Reserve's interest rate decision and the Bank of England's interest rate decision may influence the pair, but the expected rate cuts may not have a significant impact. * The technical analysis suggests a bearish trend, but the pair may potentially rise towards 1.3235 if it tests the support area near 1.2865. * The long-term trend is uncertain, and the pair may experience high volatility due to various economic and political factors. **Expected price movement in the long-term: UNCERTAIN (but potentially UP if the pair tests the support area and rises towards 1.3235)** Please note that this analysis is based on the provided data and may not reflect the actual market movements. The foreign exchange market is highly volatile, and prices can change rapidly due to various factors. Result: ST=Down LT=Up Analysis Method(2) Based on the analysis, here are my expectations for the GBP/USD price movement: **Short-term (next few days):** * The price is expected to go **down**. The bearish tendencies, "Head and Shoulders" pattern, and moving averages indicating a short-term bearish trend all suggest a downward movement. * The pair is likely to test the support area near 1.2865 and potentially break below 1.2795, leading to a continuation of the decline to around 1.2725. * The high volatility due to the US presidential election results and the Federal Reserve's interest rate decision may also contribute to a short-term decline. **Long-term (next few weeks/months):** * The price is expected to **stay the same** or potentially **go up**. Although the short-term trend is bearish, the pair is forming a correction and the "Head and Shoulders" pattern may be broken if the price rises above the resistance area and closes above 1.3065. * A bullish scenario could see the pair rise to 1.3235, and the upcoming Bank of England (BoE) interest rate decision may also influence the long-term trend. * However, the long-term outlook is less clear, and the price may remain range-bound or experience a sideways movement. Please note that these expectations are based on the analysis provided and are subject to change as new market data and events become available. Result: ST=Down LT=Up
Long
by frankiepro
GBPJPY US Election Rally Buy GBPJPY @ 196.3 - 195.9💷GBPJPY💴 US Election Rally 💎Buy GBPJPY @ 196.3 - 195.9💎 Tuesday 11/05/2024 07 PM 195.1 StopLoss —> 196.35 BreakEven+ Scalp TakeProfit 1: 196.5 TakeProfit 2: 196.7 TakeProfit 3: 196.9 Daily TakeProfit 4: 197.1 TakeProfit 5: 197.3 Swing TakeProfit 10: 198.3 TakeProfit 20: 200.3 TakeProfit 30: 202.3 Position TakeProfit 50: 206.3 TakeProfit 100: 216.3 TakeProfit 200: 236.3 TakeProfit 300: 256.3 Richard Eyo ~ The Wizard 🧙‍♂️
Long
by SmartWizardFX
USDCHF_102 2024.11.07 05:39:07 Trading Signal SELLFrankPro Signal for USDCHF_102 Type: Screen Signal: SELL TP: 0.87336 SL: 0.87608 Entry Price: 0.87574 Analysis for USDCHF Forecast Overall(Short-Term, Long-Term): ST= Undecided LT= Strong Down Forecast Methods(Short-Term, Long-Term): ST=Same LT=Down ST=Up LT=Down ST=Down LT=Down Analysis Method(0) Based on the provided analysis, here is my assessment of the expected price movement for the USD/CHF currency pair: **Short-term (next 24-48 hours):** * The indicative opening price of 0.8650 suggests stability, but the thin liquidity on Monday mornings and geopolitical tensions could lead to increased volatility. * The technical analysis video emphasizes caution and monitoring key levels, which implies that the price movement might be uncertain or range-bound in the short term. * The forecast for the week suggests a continuation of the downward trend, but this might not necessarily manifest in the next 24-48 hours. Expected price movement in the short term: **STAY THE SAME** (range-bound or minimal movement) **Long-term (next week or beyond):** * The forecast for the week suggests a continuation of the downward trend, which implies that the price is expected to go down. * The technical analysis video and the forecast section both indicate a potential downward movement, which supports this assessment. * The broader market conditions, such as central banks' actions and geopolitical tensions, could also contribute to a downward trend. Expected price movement in the long term: **GO DOWN** ( continuation of the downward trend) Please note that these assessments are based on the provided analysis and should not be considered as investment advice. Market conditions can change rapidly, and other factors not mentioned in the analysis could influence the price movement. Result: ST=Same LT=Down Analysis Method(1) Based on the provided analysis, here are my conclusions for the USD/CHF pair: **Short-term Analysis (next few days):** The price is expected to **go up**. The pair is in an uptrend, and technical analysis suggests that it will continue higher, targeting levels such as 0.8680 and potentially 0.8750. The intraday bias is also on the upside, with a target of 0.8698. However, there is a risk of a pullback to fill a chart gap, potentially correcting down to 0.8574. **Long-term Analysis (weeks/months):** The price is expected to **stay the same** or potentially **go down**. Despite the strong recovery over recent weeks, the longer-term trend for USD/CHF is still considered bearish as long as the 0.9243 resistance holds. A firm break of 0.8332 could resume the larger downtrend from 1.0146 (2022 high). Please note that these conclusions are based on the provided analysis and are subject to change as new data becomes available. Result: ST=Up LT=Down Analysis Method(2) Based on the provided analysis, here is my assessment of the expected price movement for the USD/CHF pair: **Short-term analysis (next few days):** The technical analysis suggests a potential bullish correction, testing the resistance level near 0.8745. However, this is expected to be followed by a downward rebound, continuing the fall. The moving averages indicate a bearish trend, and the RSI supports the decline scenario. Therefore, in the short term, I expect the price to **go down** after a brief attempt to correct upwards. **Long-term analysis (weeks/months):** The fundamental overview mentions the influence of safe-haven demand on the Swiss Franc, which could continue to impact the USD/CHF pair. Additionally, the potential for gradual interest rate cuts by the Federal Reserve could also affect the pair. However, the technical analysis suggests a bearish trend, with a potential breakout of the lower border of the "Triangle" pattern. Considering these factors, I expect the price to **go down** in the long term, potentially targeting levels below 0.7985. In summary: * Short-term: **Go down** (after a brief correction) * Long-term: **Go down** (targeting levels below 0.7985) Result: ST=Down LT=Down
Short
by frankiepro
EURUSD map: Down to 1.04-1.00 Then Up to 1.16-1.21EURUSD is in the second leg down to complete a complex correction (red down arrows). There are three crucial target points for drop to watch: 1) Valley of red leg 1 at 1.0448 and 50% Fib at 1.0406 2) 61.8% Fib at 1.0200 3) Touch point of the throwback to broken trendline around parity Next is the reversal to upside within the large leg 2 up (blue up arrows). The possible targets depend on the depth of the current drop, the deeper the lower the upside target. From the first point of drop EURUSD could hit 1.21 area. From the lowest valley of parity it could reach 1.16 handle.
Education
by aibek
Fundamental Market Analysis for November 7, 2024 USDJPYEvent to pay attention to today: 21:00 EET. USD - FOMC Rate Decision USDJPY: The Japanese Yen (JPY) is experiencing difficulty in registering a notable recovery against its US counterpart and is currently trading at a level approaching its lowest point since 30 July. The Bank of Japan's (BoJ) limited ability to raise interest rates and the prevailing risk-on environment continue to undermine the safe-haven yen. Furthermore, the rise in US Treasury bond yields, driven by the return of Republican Donald Trump as the 47th President of the United States (US), has contributed to the downward pressure on the low-yielding yen. Meanwhile, the overnight decline prompted a verbal intervention from Japanese authorities, which may provide some support to the yen and help limit losses. The US dollar (USD) is currently trading just below the four-month high reached on Wednesday, amid optimism over growth and inflation. This could limit the Federal Reserve's (Fed) ability to cut interest rates. This could provide further encouragement for the USD/JPY pair ahead of the highly anticipated Federal Open Market Committee (FOMC) decision this Thursday. Trade recommendation: Trading mainly by Sell orders from the current price level.
Long
by Fresh-Forexcast2004
Post-Election and FOMC Impact— EURUSDEURUSD Breakdown Analysis Date : November 7, 2024 Current Level : 1.0740 Forecasted Targets : 1.0800 (Resistance) and 1.0660 (Downside Target) --- Overview: EURUSD saw a significant drop yesterday, largely due to market reactions to the U.S. election uncertainty. Investors flocked to the dollar as a safe haven, strengthening it and putting EURUSD under downward pressure. The next focal point for the market is today’s FOMC decision, which could set the tone for the pair in the days ahead. --- Election Impact on EURUSD: The initial dip in EURUSD following the election highlights its sensitivity to U.S. political events. Market sentiment was cautious as investors digested updates, pushing the dollar up and sending EURUSD lower. This movement suggests continued dollar strength unless political clarity reduces the appeal of safe-haven assets. --- Focus on Today’s FOMC Decision: With the FOMC’s interest rate announcement imminent, we may see additional volatility. While rates are likely to remain unchanged, hawkish commentary or projections for future hikes could support further dollar gains, pushing EURUSD lower. Conversely, a dovish statement could trigger a dollar pullback, allowing EURUSD to approach the anticipated resistance level at 1.0800. --- Technical Analysis and Forecast: Currently trading at 1.0740, EURUSD is positioned near a key support zone. Short-term technical indicators point to potential resistance around 1.0800, which aligns with critical Fibonacci levels and a prior trendline. The pair may briefly reach this level before a likely reversal due to strengthening dollar fundamentals. Once EURUSD tests 1.0800, we anticipate a decline toward our downside target of 1.0660, a support level with historical significance. --- Conclusion: Today’s FOMC statement, paired with the ongoing effects of the U.S. election, positions EURUSD for a brief rally toward 1.0800, followed by a downturn targeting 1.0660. This range provides both resistance and support benchmarks, offering potential entry and exit points.
Short
by forexorbit
BUY GBP VS JPY Triangle BreakoutThe GBP vs JPY pair on the M30 Timeframe presents a potential Buying oppurtunity due to a recent breakout from a triangle pattern This suggest a shift in momentum towards the upside and higher likehood of further advances in the coming the hour POSSIBLE LONG TRADE First Resistance 199 Second Resistance 200 Stoploss To manage risk place a stoploss order below support zone This helps limit potential losses if the price falls back unexpectedly Your likes and comments are incedibly motvitation and will encourage me to more analysis with you
Long
by GoldMarketKiller
EURAUD - Look for Continuation Long (SWING) 1:2!The price is forming a reversal continuation pattern on the HTF, yet it’s creating a new low, indicating an opportunity to follow the LTF trend. This is due to a correction towards the nearest support before continuing along the major trend toward the next demand and key support level. Disclaimer: This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Long
by S-Fx_
GBPJPY | MONETARY POLICY |RATE CUTS AHEAD?|CONFUSED PRICE ACTIONGBP JPY LOOKS VERY CONFUSING TO ME but lets see what happens today fomc minutes gbp boe monitary policy There is a good chance that the Bank of England (BoE) could lower interest rates soon, with a cut widely anticipated in its next Monetary Policy Committee (MPC) meeting in November or December. However, the overall outlook on rate cuts remains mixed. Some analysts expect a cut as inflation rates have fallen from their highs, but recent fiscal policies, like the October budget, may temper any aggressive cuts due to potential inflationary effects. The BoE might proceed cautiously to balance inflation control with economic growth, and some experts even believe any cuts could be modest in the near term until inflation stabilizes further. Looking ahead, rates are expected to continue gradually lowering into 2025, but experts caution that the UK’s rates may not return to the extremely low levels seen pre-2020, as broader economic factors remain in play. For the November meeting, however, a rate cut of about 0.25% is currently expected, which could impact mortgage and borrowing rates accordingly. manage your risk be wise my analysis is not the holy grail , always do your research
by MSK-
USDCHF H4 | Bullish Bounce Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 0.8698, which is a pullback support close to 50% Fibo retracement. Our take profit will be at 0.8801, which is a pullback resistance. The stop loss will be placed at 0.8611, which is an overlap support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
GBPUSD InsightHello, subscribers! Please feel free to share your personal thoughts in the comments, and don't forget to like and subscribe! Key Points - U.S. election concluded with Trump’s victory - Anticipated dollar strength due to Trump’s policies on corporate tax cuts, regulatory easing, and tariff implementation - Japan’s Chief Cabinet Secretary Yoshimasa Hayashi stated that they are closely monitoring foreign exchange movements, including speculative actions - Christine Lagarde, ECB President, warned that heightened trade barriers, tariffs, or obstacles could negatively impact open economies like the Eurozone - Bitcoin surged by 9.8% - Dollar Index surpassed 105 points Key Economic Schedule - November 7: Bank of England rate decision - November 8: FOMC meeting results announcement GBP/USD Chart Analysis With Trump’s victory, the dollar has strengthened. A short-term continuation of this dollar strength is expected, especially with the BOE and Fed rate decisions remaining in the final two days of the week, which could act as variables. Currently, the GBP/USD chart suggests a likely decline toward the 1.26000 level, followed by a potential rebound to 1.34000. However, if unforeseen factors cause the 1.26000 level to break, it would signal a trend shift, prompting the need for a quick revision of our strategy.
Short
by shawntime_academy