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Head and Shoulders in GBP/JPY: Timing Your Next Move?The GBP/JPY currency pair exhibiting a head and shoulders pattern suggests a potential reversal from bullish to bearish momentum. If you're waiting for the price to confirm this pattern, it's crucial to identify key levels of support and resistance, as well as possible entry and exit points. You can either short now or wait for a potential retest around 194.3; the original target remains unchanged as indicated in my earlier chart. Good luck!
by fortunepivot
EURUSD price increaseThe reactions of the euro against the dollar have been excellent, the US, with its strengthening, caused a one-month drop in other currencies such as the euro, but this increase will only last until the announcement of the election results, and will ultimately cause the dollar to fall and the price of other currencies to rise, in the analysis The return of the euro price has been determined and I had announced the fall of the dollar in previous analyzes Sasha Charkhchian
Long
by sashacharkhchian
EURAD 100PIP TKAE PROFIT Support and Resistance Zones Check for recent support or resistance levels. If EUR/CAD is close to a significant resistance and your take-profit target lies just below it, this could indicate a high-probability area for price reversal. A large stop loss (320 pips) may indicate potential volatility. Ensure that this stop is placed below a strong support zone to avoid unnecessary loss on sudden market moves. 2. Market Sentiment and Fundamental Drivers EUR/CAD is heavily influenced by factors such as the European Central Bank (ECB) and Bank of Canada (BoC) monetary policies, as well as commodity prices, particularly oil. Recent EUR or CAD economic data (e.g., inflation reports, interest rate decisions) could give insight into the market’s bias and help determine if a 100-pip target is achievable.
Short
by LORDOFTHETRADERS
4
Trade Recaps: EURUSD - SHORT, GBPJPY - SHORT, 05/11/2024EU Bias Analysis: Although Price is deeply discounted on the HTF's and the 4H has started trending higher, A shift of 1H structure from a 4H Bearish Order Block presented an opportunity for short positions as price corrected into IRL. Grade: High Risk GJ Bias Analysis: Price is trading at a weekly premium and is establishing a 4H bearish trend after a break to the downside and correction higher, pending a continuation lower. Short entries aligned with the current 1H bearish range and entry confirmation was received after a TBL sweep and 15M distribution lower. Grade: Low Risk
Short
by The_Modern_Day_Trader
AUD/NZD is Holding Strong at Trendline SupportAUD/NZD is currently in an uptrend, with the trendline acting as a strong support level. Currently, the price has pulled back to this support level, and based on technical analysis, we believe that it will likely bounce upwards from here. Our target for this upward movement is around 1.1060. This setup suggests a good buying opportunity, given that the support holds and the uptrend continues. If the price action aligns, we could see a strong push toward our target, as buyers step in at this support level.
Long
by FXTradingAnalysis
6
AUDCHF Continues to Rise Following RBA's Decision AUDCHF remains in an uptrend after completing a rising wedge pattern identified in an analysis four days ago. Today, the Reserve Bank of Australia's (RBA) decision to hold interest rates steady has fueled further gains. RBA is maintaining high rates to control inflation and support the labor market, as core inflation remains elevated and is expected to return to target levels only by 2026. Australia’s labor market remains tight, with strong labor demand. AUDCHF has reached its initial target and is likely to continue rising in the coming weeks.
Long
by MD_Iris_Forex
2
GBPCHF Sellers In Panic! BUY! My dear subscribers, GBPCHF looks like it will make a good move, and here are the details: The market is trading on 1.1196 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.1219 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
EURUSD_106 2024.11.05 14:43:04 Trading Signal SELLFrankPro Signal for EURUSD_106 Type: Screen Signal: SELL TP: 1.08443 SL: 1.09171 Entry Price: 1.0908 Analysis for EURUSD 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 analytical news and forecasts, I will analyze the data and provide a prediction for the EUR/USD pair's price movement in both the short-term and long-term. **Short-term analysis (next few days):** * The EUR/USD pair is expected to continue its decline and test the support area near 1.0835. * A breakout below 1.0735 would cancel the growth option and indicate a continuation of the fall to around 1.0565. * The pair is showing sideways momentum, forming an upward channel on the 4-hour chart, but a break above 1.0922 could signal a move higher. * Significant FX option expiries at 1.0900 (1.7 billion EUR) could influence price action around this level. **Prediction for short-term:** The price is expected to go **down** in the short-term, with a potential test of the support area near 1.0835. However, if the pair breaks above 1.0922, it could signal a move higher. **Long-term analysis (next few weeks/months):** * The EUR/USD pair is expected to continue its growth towards the area above 1.1045 after a rebound from the upper border of the broken channel. * Technical indicators suggest a corrective advance is possible, but the risk remains skewed to the downside. * The European Central Bank (ECB) policy announcements and economic indicators, such as French Industrial Production and Spanish unemployment, could influence the pair's price movement. **Prediction for long-term:** The price is expected to go **up** in the long-term, with a potential growth towards the area above 1.1045. However, the risk remains skewed to the downside, and the pair's price movement will depend on the ECB policy announcements and economic indicators. **Stability:** The pair's price movement is expected to be **volatile** in the short-term due to the ongoing U.S. elections and significant FX option expiries. However, in the long-term, the pair's price movement is expected to be more **stable**, with a potential growth towards the area above 1.1045. Result: ST=Down LT=Up Analysis Method(1) Based on the provided analysis, here are my conclusions for the EUR/USD pair: **Short-term analysis (next few days):** * The pair is expected to experience sideways momentum due to the uncertainty surrounding the U.S. presidential election and the upcoming ECB policy announcements. * Technical indicators suggest a possibility of a corrective advance, but the overall trend remains bearish. * Support levels at 1.0875, 1.0840, and 1.0805 are likely to be tested, with a potential rebound towards the resistance level of 1.0910. * Market sentiment is cautious, which may lead to increased volatility. **Expected short-term price movement:** Down (testing support levels) or sideways (due to uncertainty and caution) **Long-term analysis (next few weeks/months):** * The forecast suggests an attempt to continue the decline in the pair, followed by a potential upward price rebound and continued growth towards the area above 1.1045. * A breakout above the resistance level of 1.0975 could confirm growth for the EUR/USD pair. * Fundamental factors, such as the U.S. presidential election outcome and economic indicators from the U.S. and Europe, will influence the pair's long-term direction. **Expected long-term price movement:** Up (potential growth towards 1.1045 and above) Please note that these conclusions are based on the provided analysis and are subject to change as new information becomes available. Result: ST=Down LT=Up Analysis Method(2) **Short-term Analysis (Next few days to 1 week)** Based on the current market conditions and technical analysis, I expect the EUR/USD price to remain relatively stable, with a slight bearish bias. The pair is currently trading above the $1.0872 support level, but the technical indicators such as the RSI are neutral, indicating a lack of strong momentum. The upcoming U.S. election results and key economic data releases, including the U.S. Trade Balance and ISM Services PMI, are likely to influence the pair's movement. If the support at $1.0872 fails, the pair may decline toward $1.0850 or even $1.0830. **Probability of price movement:** * Down: 55% * Up: 30% * Same: 15% **Long-term Analysis (Next few weeks to 1 month)** In the long term, I expect the EUR/USD price to rebound and continue its growth toward the area above $1.1045. The European economic data, although mixed, showed some positive signs, particularly from Germany. The revised PMI data for the Eurozone also indicated some positive momentum. The technical analysis suggests that a break above $1.0922 could signal a move higher, with a potential buy zone around $1.0872-1.0865. If the pair can close above $1.0975, it would indicate a bullish trend. **Probability of price movement:** * Up: 60% * Down: 25% * Same: 15% Overall, while the short-term outlook is cautious and slightly bearish, the long-term outlook is more bullish, with the potential for the pair to rebound and continue its growth. Result: ST=Down LT=Up
Short
by frankiepro