Continue Reading GBPUSD Price ActionLet's Look at GBPUSD Chart after Seeing Some Reaction at Interested Supply Zone and Go to Lower Scales for Finding Interested areas for entry short trades, Good Luck With Your Trades <306:46by FXSGNLS1
Fundamental Market Analysis for September 18, 2024 USDJPYEvent to pay attention to today: 15:30 GMT+3. USD - FOMC Rate Decision USDJPY: The USD/JPY pair saw a fresh wave of selling during the Asian session on Wednesday, with the pair dropping below 142.000 in the last hour. This reversed some of the gains made overnight and paused the recovery from the lowest level since July 2023, which was reached earlier in the week. Meanwhile, fundamental analysis indicates that the most probable outcome for spot prices is a decline, although market participants may exercise caution in placing aggressive wagers ahead of pivotal central bank events. The Federal Reserve (Fed) will announce its decision following its two-day meeting on Wednesday, with expectations that it will commence its policy easing cycle. The market will then turn its attention to the Bank of Japan's (BoJ) policy update on Friday, which will play a pivotal role in influencing the Japanese Yen (JPY) and provide fresh impetus to the USD/JPY pair. Meanwhile, cautious market sentiment and diverging expectations of future policy from the Fed and BoJ are driving safe-haven flows towards the JPY, exerting downward pressure on the USD/JPY. The market is pricing in the likelihood of a 50 basis point interest rate cut by the Federal Reserve, amid signs of easing inflationary pressures. This has the effect of overshadowing Tuesday's better-than-expected US retail sales data, which is not helpful for the US dollar (USD) in consolidating an overnight rebound from the 2024 low. Conversely, recent indications from Bank of Japan officials point towards a further interest rate increase by the Japanese central bank before the end of the year. This has been a significant contributing factor to the recent relative rise in the Japanese Yen, which has helped to create a favourable tone around the USD/JPY pair. Meanwhile, the JPY bulls appeared to remain undaunted by Japan's trade data for August, which revealed a notable decline in both exports and imports. Official data indicates that Japan's exports have risen for the ninth consecutive month, with an increase of 5.6% year-on-year in August. However, this growth is occurring at a slower pace than anticipated. This was accompanied by a much smaller-than-expected 2.3% rise in imports, which had little impact on the underlying bullish sentiment around the Japanese Yen. This indicates that the outlook for the USD/JPY pair in the near term is negative and supports the likelihood of a continuation of the recent downtrend. Trade recommendation: Trading mainly by Sell orders from the current price level.Shortby Fresh-Forexcast20041
USDZARIn Q2 of 2023 we saw an impulsive bearish move. Presently we have completed a bullish correction that has shifted orderflow from bullish to bearish. We have a break of key structure on the daily time frame. Presently we are awaiting a minor bullish correction targeting the FOB then resume the bearish orderflow.Shortby morrisgitauUpdated 3
Continue Reading EURUSD Price Action (Correct Previews Video)Let's Look at EURUSD Chart after Seeing Some Reaction at Interested Supply Zone and Go to Lower Scales for Finding Interested areas for entry short trades, Good Luck With Your Trades <303:16by FXSGNLS1
another pus to the high befor going downi expect today another push to the high befor the bearisch momentum of the euro steps in.Shortby The_Woof_of_Wall_Street0
3 Reasons Why This Currency Pair Is "Up Trending"To be featured on Tradingview's editors' pick is an awesome privilege so thank you to the Trading View team for the support and continue with the good work. This currency pair follows the rocket booster strategy, because: -It's undervalued -It's in an uptrend -Its sitting on the 50 EMA If you want to learn more about the rocket booster strategy refer to the resources below Thank you for reading. Disclaimer: Trading is risky you will lose money whether you like it or not please learn risk management and profit-taking strategies.Longby lubosi1
CHFJPY BUYSIn the 4 hour chart, price broke the 40EMA which signals for a change of direction. In the M15 chart, price broke our high to test the supply zone in the higher time-frame. Purple dotted line represents first entry. FVG before the demand zone. Wait for 20 EMA to cross above 40EMA for buy entries on the demand zone in the 1 minute chart!Longby bapsii1
Continue Reading EURUSD Price ActionLet's Look at EURUSD Chart after Seeing Some Reaction at Interested Supply Zone and Go to Lower Scales for Finding Interested areas for entry short trades, Good Luck With Your Trades <307:27by FXSGNLS1
EURUSD Pre-News UpdateToday, the FED is expected to announce whether it will lower interest rates and by how much. This decision is likely to have a significant impact on price action. Make sure to check your economic calendar for the exact time the news will be released in your time zone. It's advisable to reduce risk on any open positions and wait for confirmation before entering new trades. Also, be cautious of potential price spikes during the news release. For the uptrend to remain intact, we’ll need to see a higher low and a breakout above previous highs.by ForexTrendline0
GBPUSD: How deep it's pulling back?2 Scenario has set for today. 1. Buy Bias: If price hold above 38.2 Fibo. Look for reversal pattern (Dubble buttom or Break out from price compression or Price Action or what ever that show the sign of Buyer has steped in). 2. Sale Bias: If price break and hold below 38.2 Fibo. Look for break below and retest around level 38.2 Fibo.by chaorua0
EURCHF - WAIT PATIENTLY Hello trades, I want to share with you my opinion about EURCHF Looking at the chart we can see after breakout from downtrend market moving same area onces the Market cross that resistance then I will buy and if market breaks the lower support then go for sell. Guys, what do you think? Leave comment with your thoughts that will help me to understand different approach.by FX_Eagle91
EURUSDLooking at this Eurusd chart, I see that the money pair is showing signs of continuing to move in the uptrend. The current price is trading around 1,11231, and there are a few important factors that we need to consider. Firstly, the yellow support area has been maintained very well, showing that the buyer still has the strength in maintaining the price in this area. This is also an area coinciding with EMA 34 and 89, creating more solid support for the price. Secondly, the rising trend is still being kept, and if the EURUSD can surpass the resistance level in the area marked by the red arrow, the higher the price will reach new high levels, even surpasses Through the threshold of 1,12000. However, I also did not rule out the possibility of a short -term adjustment. If the price cannot break the current resistance and decreases, the yellow support area will play an important role again. If this region is broken, a deeper decrease may occur, returning to the price area around 1,10384 or further to 1,09434. The best scenario that we are watching is the price will continue to rise, especially if we see the signal clearly breaks from the resistance threshold and set a higher peak. But, I will still be careful with any signs of reversal in the current resistance area. I wish you successful transactions and earn a lot of profits from this strategy!Shortby BB_TradingFX28
EURSGD Trading Signal: SellTraders, we have identified a promising opportunity in the EURSGD currency pair. Direction: Sell Enter Price: 1.44119 Take Profit: 1.43900333 Stop Loss: 1.44277333 Justification: This signal is based on the analysis executed by the EASY Quantum Ai strategy. The following factors were taken into consideration: 1. Trend Analysis: Recent charts indicate a downtrend in the EURSGD pair, showing consistent lower highs and lower lows. 2. Moving Averages: A cross-over of short-term moving averages below long-term moving averages confirms bearish momentum. 3. Resistance Levels: EURSGD has faced strong resistance near the enter price, 1.44119, suggesting it is less likely to see an upward breakout in the short term. 4. Market Sentiment: Overall sentiment analysis points towards a bearish outlook owing to Eurozone's economic data contrasted with the stable performance of the Singaporean Dollar. This trade setup suggests selling at 1.44119, targeting a profit at 1.43900333 while placing a conservative stop loss at 1.44277333. As always, ensure you apply appropriate risk management strategies when entering this trade. Happy Trading!Shortby ForexRobotEasy0
GBPUSD Short trade ideaIm planning to short the GBPUSD (Forex - Entry: 1.35276 Stop Loss: 1.36717 Take Profit: 1.32400) Shortby Arpi220
USDCHF Long trade ideaIm planning a long on the USDCHF Forex - Entry:0.81537 Stop Loss:0.79315 Take Profit:0.85989Longby Arpi220
EURUSD short trade idea.EURUSD short trade idea: Im planning to short from the Daily supply above on the EURO. Entry: 1.12304 Stop Loss: 1.13056 Take Profit: 1.10791)Shortby Arpi220
GBPUSD Bull TimeBias Bullish Fundamental Analysis GBP has bullish datas. USD has mixed data, FED intend to cut interest rate today. Price Action: Daily TF bias is bullish. In H4 TF, price has already broken resistance and downtrend TL. Price is heading towards upside again. It is also broken flag pattern. Set up: Long setup at H1 broken resistance level. SL Below swing low. TP next swing high. R:R 1:3Longby royschen071
NZDCHF Bear SignalBias Bearish Fundamental Analysis NZD bearish data, CHF is holding strong awaiting for US change rates Price Action: Daily TF is bearish bias. The H4 TF has also change of character to bearish momentum. Currently price retesting the broken H4 support level. Price has rejected and broke in H1 TF support level. Price is heading lower. There was a cup and handle pattern. Set up: Short Setup at broken H1 support level (Neckline) SL above the Swing high in H1 TF. TP at next SR level R:R 1:4Shortby royschen070
GBPUSD ANALYSISAfter seeing GU reject a daily trendline area of resistance for a retracement, we could see price continue to the upside after reaching into the Fibonacci 61.8%Long03:30by Technicalrayner3
EURAUD - Technical Analysis [Short Setup]🔹 EURAUD Analysis on 30M chart - The current Trend is BEARISH - There is no Bullish divergences - Using trendline to take trade on HL 🔹 Trade Plan - Entry Level = 1.64757 - Stop Loss = 1.11500 - TP1 = 1.64385 - TP2 = 1.64191 🔹 Risk Management - First TP is 1:1 - Second TP is 1:2 🔹 How to Take Trade? - Only risk 2% of your portfolio - Take 1% risk entry with 1:1 RR - Take 1% risk entry with 1:2 RR Like and subscribe to never miss a new idea! ✌🏼Shortby Bountysoul1
#EURUSD - 18092024Yesterday, EURUSD made a small down move to the mid of PZ, rallied higher but faltered and moved back to close near the lows. However it has opened and moved higher. DXY formed a bullish daily candle, probably due to the sell off in GBPUSD. DXY is now at 100.85; IMO, I do see further upside for DXY here; thus a possible move is for DXY to go to 101.2, to find rejection before a move lower. Thus EURUSD, now at PZ, could see a rejection for a move lower first, finding a bottom before a move higher. Looking at a price target to 1.1072 with a possible long off 1.1060/72.by FadeMeIfYouCan0
double bottom on GBPJPYpotential double bottom on GBPJPY before BOJ press conferences on Friday on Sept 20Longby aryoTraderX1