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Hellena | EUR/USD (4H): Long to the resistance area 1.09508.Dear Colleagues. I have redrawn the waves and it seems that the price has not reached the minimum values yet. Apparently wave “4” is the longest correction we have had recently. According to the data, the price tends to the area of strong resistance at 1.07575. This will be the completion of the corrective wave “C”. Then I would still like to see an upward movement with a renewal of the upper levels. At a minimum, I expect to reach the 1.09508 area. A more risky entry into a long position is possible - from current levels. And a more conservative entry is possible - from the area of 1.07575. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Long
by Hellena_Trade
40
Can USDCAD Hold 1.387 Support as Pressure Mounts?FxNews —The U.S. Dollar began a pullback against the Canadian Dollar after peaking at the 1.395 resistance on August 5. This dip aligns with an overbought signal from the Stochastic Oscillator since October 10. Currently, USD/CAD is around 1.387, filling the Fair Value Gap. In the 4-hour chart, despite the recent decline, USD/CAD remains above the 100-SMA, keeping the main trend bullish. However, the Awesome Oscillator has turned bearish, and the Stochastic is below 20, signaling a potential consolidation phase. > Immediate Support: 1.387 > Next Support: 1.382 (100-SMA) > Critical Support: October 17 low at 1.375 > Resistance Levels: 1.395, 1.40 Forecast If bears (sellers) close below 1.387, the current downtrend could extend to the 23.6% Fibonacci retracement level, backed by the 100-period simple moving average.
by FxNews-me
1
Key USDJPY Support at 151 Faces Stochastic Oversold AlertFxNews —The USD/JPY currency pair's dip from 153.9 eased near the 23.6% Fibonacci support level. Meanwhile, the Stochastic Oscillator signals an oversold condition. Furthermore, the market outlook remains bullish if the price holds above the 151.0 mark. The uptrend could be triggered if bulls close the USD/JPY price above the 153.0 immediate resistance. In this scenario, the next bullish target could be the 157.0 mark.
Long
by FxNews-me
Lingrid | EURUSD pullback and Continuation BEARISH TrendThe price perfectly fulfilled my last idea. It reaced the target zone. FX:EURUSD has gapped up and it's moving toward the resistance zone; however, the overall trend remains bearish. There is a possibility that the market move down if it rejects the resistance zone and the upper border of the channel. Historical price action indicates that the market has bounced off this level multiple times, reinforcing its significance as a resistance area. I expect that the market to initially push above the previous week's high, followed bearish move to fill the gap. My target is support zone around 1.08510 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
9
EUR/USD Technical AnalysisFxNews —The EUR/USD currency pair stabilizes above the 100-period simple moving average and the 1.084 immediate support level. This occurs as Stochastic records show a reading of 82, indicating that the Euro is overpriced in the short term. Additionally, the Awesome Oscillator histogram is red, suggesting that the bear market is strengthening. Forecast From a technical perspective, the bullish outlook remains valid as long as the price holds above the 1.085 support level. In this scenario, the next target could be the 38.2% Fibonacci retracement level at 1.093. Please note that the bullish outlook should be considered invalid if the price dips below 1.084.
Long
by FxNews-me
Don't trade emotionallyAt the moment, all instruments are showing significant movements. This often leads to rushed and emotional decisions. If you've decided not to trade during news events, wait for things to settle down and then look for the right opportunity. If you do choose to trade at these times, strictly follow your risk management rules. Today, there may be many surprises and misleading movements. Don’t try to achieve everything in a single day; focus on long-term success!
by ForexTrendline
Fundamental Market Analysis for November 6, 2024 EURUSDEvent to pay attention to today: 16:00 EET. EUR - ECB President Christine Lagarde Speaks EURUSD: The EUR/USD exchange rate is declining in Asian trading on Wednesday. The US dollar is gaining ground as voters favour former US President Donald Trump in the upcoming US presidential election. The polls are now closing in 15 states, including Arizona, Michigan and Wisconsin. Mr. Trump is currently outperforming Mr. Biden in rural areas, while Ms. Harris is outperforming him in suburban areas. The strengthening of Trump's trade position is providing further support to the US dollar (USD) against the euro (EUR). Steve Englander, head of G10 global currency research and North American macro strategy at Standard Chartered Bank in New York, commented, "At present, the outlook appears to favour Trump." Mr. Englander further noted that throughout October and early November, the Trump trade had favored a stronger dollar and higher yields. The outcome of the US presidential election will be a key factor influencing the dollar's momentum this week. However, investors will be monitoring the Federal Reserve's (the Fed) monetary policy decision, which is scheduled for announcement on Thursday. In Europe, positive Eurozone GDP data prompted traders to reduce their bets on a larger-than-usual interest rate cut at the December meeting. The market anticipates that the ECB will cut the deposit rate by the usual 25 basis points (bps) in December. nvestors will be keeping an eye on ECB President Christine Lagarde's speech on Wednesday. Trading recommendation: Trading mainly by Sell orders from the current price level.
Short
by Fresh-Forexcast2004
Just entered this high risk long after this stop huntNow I'm in the high-risk long trade with reduced risk. Price broke highs retail longed, now they are stopped out and retail shorted = perfect environment for taking price finally up after previous month sell-off. Accumulation / Manipulation / Distribution - No liquidity raid = No trade - Never buy high and never sell low “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔
Long
by Dave-Hunter
4
EURUSD continues uptrend from 1.0700Dear Friends. Overall, EUR/USD made an impressive recovery ahead of yesterday’s election news and broke above 1.090. But! the price was quickly rejected following the news and fell back to 1.076, now down 1.47% on the day. This decline comes as polls show Trump leading in battleground states, supporting the USD’s bullish momentum. As can be seen on the daily chart, EUR/USD is approaching a strong support zone at 1.061 – a level that has held back the decline on several occasions. If the price reaches and recovers from this level, we could see a strong recovery, opening up a potential short-term buying opportunity as the price rebounds from this support bottom.
Long
by AmbaniFX
7
EURUSD Analysis: Reversal Signs From Rising ChannelOn the 1-hour chart of EURUSD, the price is trading within an ascending channel, with clear resistance and support levels formed by trend lines. Currently, the pair is hovering around the $1.0890 area, close to the upper resistance line of the channel. The continuous increase has pushed EURUSD close to this resistance level, however, there is a high probability of a correction when the price approaches the upper zone of the channel. Prediction Scenario: If EURUSD encounters strong selling pressure at the upper resistance level, the price may correct to the support area around $1.0800. What do you think about this scenario?
Short
by AmbaniFX
USDJPY H4 | Bearish Drop Based on the H4 chart analysis, we can see that the price is falling to our sell entry at 153.79, which is a pullback resistance (waiting for the pullback) Our take profit will be at 152.52, a pullback support. The stop loss will be placed at 154.59 which aligns with the 127.2% Fibo extension 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
4
**USD/JPY 15-Minute Forecast: Watching Key Levels Closely!**⏱ **USD/JPY 15-Minute Forecast: Watching Key Levels Closely!** 📉📈 USD/JPY is currently at **151.840** on the 15-minute chart. We're closely watching the **152.336** level—if it breaks and reverses, we could see a dip toward **151.556** as a target. 🔍 **Key Levels:** - **Current Price:** 151.840 - **Resistance:** 152.336 - **Support:** 151.707 💡 **Quick Insight:** A break and reversal at 152.336 may trigger a bearish move down to 151.556. Keep an eye on these levels for potential trade entries! 👉 Do you see a similar setup? Share your view below! #USDJPY #ForexTrading #15MinChart #PricePrediction #Pipnest
Short
by pipnest
GBPUSD H4 | Bearish Reversal Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.2945, which is a pullback resistance. Our take profit will be at 1.2862, a swing low support level. The stop loss will be at 1.30417, a swing high resistance 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
1
Massive short by Market Makers suggest price will...go lower to 1.072 - 1.07 zone. I would consider only shorts for next week. But !! Be carefull because elections and FOMC can make some spikes and wipe outs. If we get the confirmation, I will be looking to position myself with my students and followers as highlighted on the chart. Accumulation / Manipulation / Distribution - No liquidity raid = No trade - Never buy high and never sell low “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔
by Dave-Hunter
12