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EUR/USD ANALYSISIn this analyze we are analyzing 1H time frame to identify that what will be the next move come occurs in EURUSD currency pair. I'm expecting that first price came down and touches our buying zone and than again move in upward direction. Let's wait when price enter into our zone and observed how will price react into our zone. Always use stoploss for your trade. Always use proper money management and proper risk to reward ratio. This is just my analyze or prediction. #EURUSD 1H Technical Analyze Expected Move.
Long
by TradeTacticsreal
1
Commodity currencies are struggling | FX ResearchThe commodity block currencies have been hit hard of late and are once again extending declines to multi-month lows against the US dollar. We're seeing clear divergence in monetary policy outlooks with deteriorating economic data in Australia, New Zealand, and Canada weighing on the respective currencies, while the added risk of trade wars only makes things that much more challenging. Of course, the Canadian dollar is also contending with political drama in Canada amidst a string of key resignations. Economic data has more or less been softer in most major economies outside of the US, including the Euro area. On Tuesday, US data went the other way again with retail sales coming in above forecast. It's been fairly easy to understand why the US dollar has been so well bid and US equities remain propped up. Key standouts on Wednesday's calendar come from UK inflation, Eurozone inflation, US housing starts, and building permits, and of course, the Fed decision late in the day. Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
by BlackBull_Markets
New Zealand slides after Fed rate cut, NZ GDP nextThe New Zealand dollar has declined sharply on Wednesday. In the North American session, NZD/USD is trading at 0.5685, down 1.2% on the day. The New Zealand dollar has been in freefall, plunging 11.6% since Oct. 1. New Zealand's economy is expected to contract in the third quarter by 0.4% q/q, after a 0.2% decline in Q2. If the economy  contracted for back-to-back quarters as expected, it would mean that the economy is in a technical recession.  Construction and manufacturing activity declined in the third quarter and a severe power crisis led to a decrease exports, all of which dampened GDP. The Reserve Bank of New Zealand slashed rates by 50 basis points last month, lowering the cash rate to 4.25%. The central bank has trimmed rates by 125 bp since August but the economy is clearly in need of further cuts. Inflation is back within the target of 1% to 3% and we can expect another cut at  the next meeting in February barring a surprise jump in inflation. There wasn't much excitement around today's Federal Reserve meeting, as the market had priced in a quarter-point cut at close to 100%. This is exactly what happened, as the Fed cut rates for a third time this year. The Fed signaled that it expected to cut rates only two times in 2025, lower than previous projections of four rate cuts. With the US economy in solid shape and the downswing in inflation stalled, the Fed can afford to take its time before the next rate cut. The market will hear from Fed Chair Powell shortly. Powell could reiterate that the Fed plans to cut rates "gradually", which means modest cuts of 25 basis points. NZD/USD is testing support at 0.5715. Next, there is support at 0.5665 There is resistance at 0.5801 and 0.5849
by OANDA
GBPJPYGeneral outlook GBPJPY has been trading in a bullish trend within the last day. Support levels are now located at 191.150 and 188.700. Now, the resistance level is located at 193.600. If the pair rebounds from the resistance level, analysts recommend opening a Sell order with a take profit at the nearest support level. In case the breakout is confirmed, analysts suggest opening a Buy order. The upcoming news will not influence your orders within the mentioned period.
Short
by FOREXxADVISOR
NZDUSD Shows a Complex Scenario Ahead of FED Interest Rate DecisNZDUSD Shows a Complex Scenario Ahead of FED Interest Rate Decision Today, NZDUSD presents a very complex scenario with potential moves in both directions ahead of the FED Interest Rate Decision. The FED is expected to cut rates by 25 bps to 4.5%. However, the main focus will be on Chair Powell's speech. Technical Analysis: The price is moving in a clear bearish trend, and during the last week, it began to contract. Currently, it is showing a bearish triangle pattern, but it could also be a reversal pattern. Therefore, we are looking for confirmation. A move below 0.5752 may push the price down to 0.5700, after which we could see the bullish wave resuming. Given that NZDUSD is in oversold conditions, the downside may be limited. If the price moves above 0.5785, it may rise to 0.5830, and if it holds, it may further rise to 0.5880. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
by KlejdiCuni
5
usdsgd best level to short/hold tp1/tp2 +150/+300 pips swing 🔸Hello traders, let's review the D1 chart for USDSGD today. Trading near premium prices of the multiweek range, closing in on heavy S/R Currently risk/reward is shifting in bears favor, so it's recommended to look for sell side setups in USDSGD. 🔸Heavy overhead mirror S/R zone at 3520/3540 expecting reversal from overhead resistance. current bid is 3510 so final push required before we can get a decent entry on sell side. 🔸Recommended strategy for USDSGD traders: focus on short selling any rips/rallies near MS/R 3520/3540 price is currently trading near premium levels and is almost maxed out already, limited upside. TP1 bears +150 TP2 bears +300 pips final exit 3220 keep in mind this is a swing trade setup so naturally will take more time to complete / hit both targets. good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
Short
by ProjectSyndicate
6