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NZDUSD forming a bottom?NZDUSD - 24h expiry Price action has continued to trend strongly lower and has stalled at the previous support near 0.5750. Price action looks to be forming a bottom. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. A move through 0.5775 will confirm the bullish momentum. We look to Buy at 0.5750 (stop at 0.5720) Our profit targets will be 0.5825 and 0.5850 Resistance: 0.5775 / 0.5800 / 0.5825 Support: 0.5750 / 0.5725 / 0.5700 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
Bearish drop off overlap resistance?GBP/USD is reacting off the resistance level which is an overlap resistance that lines up with the 61.8% Fibonacci retracement and could drop from this level to our take profit. Entry: 1.2733 Why we like it: There is an overlap resistance level that aligns with the 61.8% Fibonacci retracement. Stop loss: 1.2794 Why we like it: There is a pullback resistance level. Take profit: 1.2609 Why we like it: There is an overlap support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
Bearish drop?USD/JPY has reacted off the resistance level which is a pullback resistance and could drop from this level to our take profit. Entry: 154.23 Why we like it: there is a pullback resistance level. Stop loss: 154.98 Why we like it: There is a pullback resistance level that lines up with the 88% Fibonacci retracement. Take profit: 152.52 Why we like it: There is an overlap support level that is slightly above the 38.2% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
Bullish bounce off pullback support?USD/CHF is falling towards the support level which is a pullback support that aligns wit the 38.2% Fibonacci retracement and could bounce from this level to our take profit. Entry: 0.88826 Why we like it: There is a pullback support level that lines up with the 38.2% Fibonacci retracement. Stop loss: 0.8832 Why we like it: There is a pullback support level that aligns wit the 61.8% Fibonacci retracement. Take profit: 0.8960 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by VantageMarkets
Bullish bounce?EUR/USD is falling towards the support level which is a pullback support and could bounce from this level to our take profit. Entry: 1.0456 Why we like it: There is a pullback support level. Stop loss: 1.0401 Why we like it: There is a pullback support level. Take profit: 1.0527 Why we like it: There is an overlap resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by VantageMarkets
LONG TERM INVESTMENTS FOR BIG COMPANIES !! LONG TERM !TRADING CAN CHANGE YOUR LIFE !! META - APPLE - AMAZON - SPX - SPY - TESLA - NVIDIA - JP MORGAN - RIVIAN - LUCID AVGO - HOOD - ROCKETLAB - AFFIRM - GOOGLE - SOFI - MICROSOFT - META -TSM - CRM - AMD QCOM - BAC - AMEX - DISCOVER FOREX EURUSD - GBPUSD - USDJPY BTC Key Considerations for Trading Forex, BTC, and Stocks Trading in financial markets, whether it's Forex, Bitcoin (BTC), or stocks, involves a unique set of challenges and opportunities. Here are crucial points to keep in mind before diving into these markets: For Forex Trading: Leverage: Forex markets offer high leverage, which can amplify both gains and losses. Understand your risk tolerance and use leverage cautiously. Market Hours: Forex markets are open 24/5, which means opportunities and risks are constant. Consider when you trade in relation to major market sessions (London, New York, Tokyo). Volatility: Currency pairs can be highly volatile, especially around economic news releases or geopolitical events. Stay updated with economic calendars. Interest Rates: Central bank policies can significantly affect currency values. Monitor interest rate decisions and monetary policy statements. Pair Correlation: Understand how currency pairs correlate with each other to manage your portfolio risk better. For Bitcoin (BTC) Trading: High Volatility: Cryptocurrency, especially Bitcoin, is known for extreme price movements. Prepare for significant price swings. Regulatory Environment: Keep an eye on global crypto regulations which can influence market sentiment and price. Market Sentiment: Bitcoin's price can be heavily influenced by news, tweets from influencers, and market sentiment. Tools like sentiment analysis can be beneficial. Security: Since BTC is digital, security of your wallet and trading platform is paramount. Use hardware wallets for long-term storage. Liquidity: Ensure you're trading on platforms with good liquidity to avoid slippage, especially during volatile times. For Stock Trading: Company Fundamentals: Unlike Forex or BTC, stocks are tied to company performance. Analyze earnings, financial statements, and growth prospects. Dividends: Some stocks offer dividends, providing an income stream which can be reinvested or taken as cash. Market Trends: Stocks are influenced by broader market trends, sector performance, and macroeconomic indicators. Diversification across sectors can mitigate risk. Brokerage and Fees: Stock trading can involve various fees like transaction fees, management fees, etc. Choose your broker wisely based on cost and services. Long vs. Short Term: Decide if you're in for long-term investment or short-term trading. Each strategy requires different approaches to analysis and risk management. General Tips for All Markets: Education: Continuous learning about markets, new tools, and strategies is essential. Risk Management: Never risk more than you can afford to lose. Use stop-loss orders, diversify, and only invest money you don't need for living expenses. Psychology: Trading can be emotionally taxing. Manage stress, fear, and greed to make rational decisions. Technology: Utilize trading platforms, analysis tools, and keep abreast of technological advancements that can impact your trading, like blockchain for crypto. Regulation: Understand the regulatory environment of each market you're trading in to avoid legal pitfalls. Community and Mentorship: Engage with trading communities or find a mentor. Learning from seasoned traders can provide shortcuts and insights. Remember, every market has its nuances, and what works in one might not work in another. Tailor your strategies to each asset class while maintaining a cohesive risk management framework across all your trading activities. Good luck trading!
Education
by NYRUNSGLOBAL
BOJ RATE BRINGS USDJPY TO 145 LONG TERM The Bank of Japan's (BoJ) upcoming interest rate decision could be a pivotal moment for the USD/JPY currency pair, potentially driving it down to the 145 level. Here's why: Narrowing Interest Rate Differential: If the BoJ decides to raise interest rates or signals an intent to do so in the near future, this would narrow the interest rate differential with the U.S. The U.S. has been maintaining higher interest rates compared to Japan's negative or near-zero rates. A reduction in this gap would make holding Japanese Yen (JPY) relatively more attractive, thus strengthening the JPY against the USD. Market Expectations and Sentiment: Markets often react to expectations before they react to actual news. If there's a growing consensus or speculation that the BoJ might tighten policy, traders might preemptively adjust their portfolios, leading to a stronger JPY. Recent posts on X have hinted at expectations of BoJ rate hikes, which could fuel this sentiment. Technical Analysis Indicators: From a technical standpoint, if the BoJ surprises with hawkish comments or actions, this could trigger a sell-off in USD/JPY. The pair has been hovering around key resistance levels, and a policy shift might push it below significant support levels, potentially aiming for 145. Technical analyses often look for signs of a break below current supports, which could be catalyzed by a BoJ decision. Global Economic Conditions: The global economic landscape, including U.S. economic data like employment figures, inflation rates, and Fed policy, will also play a role. If U.S. data suggests a softening economy or if the Fed signals rate cuts, this would weaken the USD against other currencies, including the JPY. Conversely, a dovish BoJ might not lead to as significant a drop, but the current market sentiment seems to be banking on at least some tightening from Japan. Psychological Levels and Market Dynamics: The 145 mark could act as a psychological level for traders, where large volumes of trading might occur due to this round figure. If the BoJ's actions or statements align with market expectations of a policy shift, this could accelerate the move towards this level, especially if there's already momentum in that direction.
Short
by NYRUNSGLOBAL
EURUSD to make a bullish breakout after the Fed.On Wednesday the Fed will announce the new rate and the anticipation of this event largely explains the recent consolidation of EURUSD. Since the November 22nd bottom, it has turned sideways around the MA50 (4h), failing to cross above the MA200 (4h), which is the main Resistance of the bearish wave since October 1st. The July-October 2023 bearish wave was under a similar consolidation but eventually broke to the upside and hit the 0.618 Fibonacci level. Trading Plan: 1. Buy on the current market price. Targets: 1. 1.08700 (the 0.618 Fibonacci level). Tips: 1. The RSI (4h) has been rising inside a Channel Up, which is a bullish divergence also very much like the October 2023 bottom. Please like, follow and comment!!
Long
by TradingBrokersView
2
USD/JPY carry trade explainedCurrently, the USD/JPY pair is trading around 154.26, influenced by upcoming policy decisions from the US Federal Reserve and the Bank of Japan (BoJ). The US Fed's anticipated 25bps rate cut could potentially narrow the interest rate gap, affecting the carry trade's immediate appeal. However, the strong performance of the US economy, with robust job growth and rising inflation, might sustain the dollar's strength, keeping the carry trade attractive. Meanwhile, the BoJ's steady interest rate at 0.25% and potential for future hikes offer a contrasting backdrop, maintaining the yen's role as a low-interest currency. Global economic uncertainties and political changes in both the US and Japan could impact these dynamics, so traders should monitor central bank signals and economic data closely to navigate potential shifts in the carry trade's profitability.
by tastyfx
Euro slips, Pound outperforms | FX ResearchAs we come into the North American open, the US dollar remains in the driver's seat and is up pretty much across the board. Dollar demand is also found company in US equity futures, pointing to a lower open. But overall, with stocks trading just off record highs, the setbacks aren't anything to write home about. Euro weakness can be attributed to the lowest German IFO reading in over four and a half years. As for the exception mentioned, we have seen some relative strength in the pound on the back of solid UK employment data that also continues to show wage growth coming in above forecast. This has helped confirm expectations for a BoE rate hold this week. Looking ahead, we get Canada inflation and housing data, US retail sales, industrial production, business inventories, NAHB housing, and the New Zealand GDT auction. The Canadian dollar is trading at its own multi-month lows against the US dollar on the combination of a souring economic outlook and disruption within the government involving a number of key resignations. For the exact date and time of these major economic events, import the BlackBull Markets Economic Calendar to receive alerts directly in your email inbox. Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
by BlackBull_Markets