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USD/MXN Holding the Rising Trendline, Key Resistance in SightChart Analysis: The USD/MXN pair continues to respect the rising trendline (black), maintaining its bullish structure. Price action remains constructive as it hovers near 20.25, with a key resistance level around 20.80. 1️⃣ Rising Trendline Support: The trendline, initiated from mid-June lows, has consistently supported price dips. This upward trajectory remains intact for now. 2️⃣ Key Resistance Zone: The 20.80 level (horizontal black line) marks a critical resistance area, where price struggled to break higher earlier this month. A move above this could signal renewed bullish momentum. 3️⃣ Moving Averages: 50-day SMA (blue): Price remains above the 50-day SMA at 20.12, confirming short-term bullish strength. 200-day SMA (red): The longer-term bullish trend remains intact, with the 200-day SMA rising steadily around 18.55. 4️⃣ Momentum Indicators: RSI: Hovering near 51.41, signaling neutral momentum. Traders may watch for a push into overbought territory if price challenges resistance. MACD: The MACD remains flat, with the signal line just above zero, suggesting indecision in short-term momentum. What to Watch: A sustained break above 20.80 could signal continuation of the bullish trend and bring new highs into focus. If the rising trendline fails, traders may monitor the 50-day SMA near 20.12 as a key support level. USD/MXN remains bullish within its rising trendline structure, with the 20.80 resistance level standing as a critical hurdle. Momentum and price action suggest a key decision point ahead. -MW
by FOREXcom
USD/JPY SHORT POSSIBILITY FX:USDJPY If the Bank of Japan (BOJ) signals or implements an interest rate hike—moving away from its traditionally ultra-low or negative rates—the yen could become more attractive to investors seeking yield, thereby strengthening against the U.S. dollar. At the same time, if the Federal Reserve moves toward a more neutral or dovish stance, pausing hikes or even contemplating cuts in response to slowing U.S. economic growth, the dollar’s yield advantage diminishes. This combination of a relatively more hawkish BOJ and a less aggressive Fed would likely reduce the interest rate differential that has been supporting the USD/JPY pair, thus increasing the probability of a downward move in USD/JPY. For retail investors I would suggest approach a cautious stand on short position and wait for confirmation from institutional money GOOD LUCK TRADERS!
Short
by alakorn_FX
CHART BREAKDOWN GBPUSD: Key Levels, Targets and Thoughts!Brief Description🖊️: The chart provides insights into critical market levels, emphasizing 1 essential supply zone: low-risk sell zone spanning from 1.27800 to 1.27940, respectively, is highlighted. Things I Have Seen👀: Important Supply Zone🟢: Identified between 1.27800 and 1.27940 serving as a low-risk SELL. Bearish Targets📉: 1.27700: Possible retracement area. 1.27200: Possible retracement area. 1.26500: Possible retracement area. 1.25500: Possible retracement area. What's Important Now❗ Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.
Short
by T4X_Trading
4
GBP/USD rebounds to test THIS key resistance The pound has been among the strongest currencies in the G10 space so far this week, owing to strength in UK data and diminishing hopes that the Bank of England will deliver a rate cut at this week’s policy meeting. However, against the US dollar, it is likely to resume lower given how strong the greenback has been as expectations about a hawkish rate cut from the FOMC builds. Meanwhile, a bit of selling in the stock market is also boosting the appeal of the US dollar, and this could provide pressure on the GBP/USD as it tests THIS key resistance area around 1.2715 to 1.2720 – a prior support area and where we have the 61.8% confluence. This morning’s release of UK wages data surprised to the upside, and with it killed any hopes for a BoE rate cut this week. The Average Earnings Index rose to 5.2% on a 3m/y basis, beating the 4.6% reading expected. Strong wage growth and sticky inflation in the services sector are factors discouraging the BoE to cut rates further. The latest UK wages data come hot on the heels of global PMI figures released yesterday. The key theme was faster-than-expected manufacturing contraction but stronger services expansion. The standout was the US services PMI, hitting a 38-month high of 58.5, driven by firm optimism about output under a new Trump administration. Coming just ahead of the year’s final FOMC meeting, it highlights the US economy’s resilience and potential for strength—factors that could fuel inflation and a less dovish Fed. Today’s US retail sales data was mixed, and in any case unlikely to influence the Fed’s decision tomorrow. By Fawad Razaqzada, market analyst with FOREX.com
Short
by FOREXcom
1
NZDCAD On The Rise! BUY! My dear friends, Please, find my technical outlook for NZDCAD below: The price is coiling around a solid key level - 0.8192 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 0.8231 Safe Stop Loss - 0.8171 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
2
USDJPY Set To Fall! SELL! My dear followers, I analysed this chart on USDJPY and concluded the following: The market is trading on 153.70 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 152.34 Safe Stop Loss - 154.61 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
USDCAD H1 ANALYSISUSD/CAD: Bullish Momentum Fades, Downward Correction Expected The USD/CAD pair is currently trading near 1.4280, but its upward momentum is losing steam. Following softer Canadian inflation data and robust US Retail Sales, the pair appears poised for a downward correction. Key Points: - Weaker Canadian inflation data fuels expectations for additional BoC rate cuts. - Strong US Retail Sales data bolsters the US dollar. - Markets eagerly await the crucial Federal Reserve policy meeting for further guidance. - Potential correction targets: 1.4200, 1.4050 Best Wishes Tom 😎
Short
by Tom_Trades_670
EURUSD Massive Long! BUY! My dear friends, Please, find my technical outlook for EURUSD below: The instrument tests an important psychological level 1.0502 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.0548 Recommended Stop Loss - 1.0476 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
Trade Update: CADJPY Short PositionYesterday, I opened this short position on CADJPY based on a clear resistance level at 108.151. After a strong rejection, price moved down in line with my expectations. Today, I’ve secured some profits and moved the trade to risk-free at a 2:1 risk-to-reward ratio. My stop loss has been adjusted to breakeven, and I’m monitoring for further downside continuation. Key Notes: Entry: Resistance rejection at 108.151 Stop Loss: Breakeven (Risk-free trade) Target: Still open for further potential downside.
Short
by sinaaf
EURJPY Set To Fall! SELL! My dear subscribers, My technical analysis for EURJPY is below: The price is coiling around a solid key level - 161.37 Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 159.91 My Stop Loss - 162.19 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
2