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Long EURAUD or EURNZD now and Hold!bounced from daily order block and support, vwap below (drawn from 02 oct 2024 swing low) for further support. Multiple wicks to retest the support failed to break it down Trump reelection profit taking to benefit EUR. Asian proxies like AUD and NZD has ran up yesterday, today profit takers and reassessment of risk will tank them. Trump reelection trade war effect on asian proxies like AUD, NZD, Japan and China has yet to be realized. Plenty of usd risk events this week has been finalized and EUR are getting some benefit today etc What do you think?
Long
by FableHart
Long EURNZD or EURAUD now and Hold!related to time in UTC+8 As AUD bounced from daily order block and support, vwap below (drawn from 02 oct 2024 swing low) for further support, NZD will benefit on the side as well vs other pairs. Yesterday AUD rallied more than NZD, the profit taking will cause AUD to crash more this session. Both pairs stochastic show bullish hidden divergence (22 Oct 2024 to 07 November 2024) Current NZD Vwap drawn from 01 Oct 2024 swing low may pose as resistance but price currently bounced from daily order block that date back years. Multiple wicks to retest the support failed to break it down Trump reelection profit taking to benefit EUR. Asian proxies like AUD and NZD has ran up yesterday, today profit takers and reassessment of risk will tank them. Trump reelection trade war effect on asian proxies like AUD, NZD, Japan and China has yet to be realized. Plenty of usd risk events this week has been finalized and EUR are getting some benefit today etc What do you think?
Long
by FableHart
GBPJPY Massive Long! BUY! My dear friends, Please, find my technical outlook for GBPJPY below: The price is coiling around a solid key level - 197.38 Bias - Bullish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 198.07 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
Fundamental Market Analysis for November 08, 2024 EURUSDEvents to pay attention to today: 17:00 EET. USD - UoM Consumer Sentiment 18:00 EET. USD - FOMC Member Michelle W. Bowman Speaks EURUSD: The EUR/USD exchange rate is declining towards 1.07800 due to increased demand for the US dollar during Asian trading hours on Friday. Furthermore, the prospect of increased tariffs under the Trump administration is exerting downward pressure on the euro relative to the US dollar. Analysts anticipate further market movements based on the release of the expanded Michigan consumer sentiment data for November, as well as a speech by Federal Reserve (Fed) chair Michelle Bowman on Friday. As anticipated, the US Federal Reserve reduced its key interest rate by 25 basis points at its November meeting on Thursday. The US central bank is keen to avoid any further weakening of the labour market and still anticipates a gradual decline in inflation towards the Fed's 2% target. It is anticipated that the Fed will continue to reduce interest rates at forthcoming meetings, although the precise timing remains unclear. The Fed will continue to assess data in order to determine the appropriate pace and direction of interest rate cuts. Mr. Trump has pledged to impose a 10% tariff on imports from all countries, which has exerted downward pressure on the euro. The European Union has the second-largest trade deficit with the United States in the world and is the largest exporter to the United States, according to JPMorgan. Furthermore, the European Central Bank (ECB) is reducing interest rates at a faster pace than the Federal Reserve. This may result in a depreciation of the euro against the US dollar. The ECB has already reduced rates three times this year due to declining inflation risks in the Eurozone. Growing expectations of another rate cut are contributing to the euro's decline in the near term. Trading recommendation: We follow the level of 1.08000, when fixing above it we consider Buy positions, when rebounding we consider Sell positions.
by Fresh-Forexcast2004
1
Pullback resistance ahead?The kiwi (NZD/USD) is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support which is a pullback support. Pivot: 0.6008 1st Support: 0.5939 1st Resistance: 0.6048 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
1
EURUSD Daily Pivot Points AnalysisEURUSD Daily Pivot Points Analysis Daily R3 - 1.0959 Daily R2 - 1.0892 Daily R1 - 1.0847 Daily Pivot Point - 1.0780 Daily S1 - 1.0735 Daily S2 - 1.0668 Daily S3 - 1.0624 ✅Today's price stands at the Daily Pivot Point - 1.0780 without showing signs of bulls and bears. 📈A move above the Daily Pivot Point - 1.0780 can push the price to Daily R1 - 1.0847 but I don't see the price rising further for today. From the Daily R1 - 1.0847 the price can move down again to the Daily Pivot Point - 1.0780 📉A move below the Daily Pivot Point - 1.0780 can push the price down to Daily S1 - 1.0735 but I don't see the price declining further for today. From the Daily S1 - 1.0735 the price can move up again to the Daily Pivot Point - 1.0780 ——————————————————- ——————————————————- A pivot point is an intraday technical indicator that's used to identify trends and reversals in equities, commodities, and forex markets. Pivot points are calculated to determine levels in which the sentiment of the market could change from bullish to bearish and vice-versa. ——————————————————- ——————————————————- 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
1
Buy GBP/JPY Triangle BreakoutThe GBP/JPY pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 197.44 Target Levels: 1st Resistance – 199.20 2nd Resistance – 200.20 Stop-Loss: To manage risk, place a stop-loss order below Support Zone. This helps limit potential losses if the price falls back unexpectedly. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_FOREX_TRADING
9
Kiwi H4 | Approaching resistance?The Kiwi (NZD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.6003 which is a pullback resistance. Stop loss is at 0.6041 which is a level that sits above the 23.6% Fibonacci retracement level and a pullback resistance. Take profit is at 0.5935 which is a pullback support. 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 (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
USD pullback, GBP bullish expectations strengthenedThe dollar briefly hit a high as expectations for the stimulus effects of President Trump's policies rose again after his re-election. However, on the eve of the US and UK central bank resolutions, the dollar pulled back. Mr. Trump's economic plans could boost demand in the short term, analysts say, but the risks of deficits and inflation that come with them could make the dollar volatile in the future. After hitting a high of 105.25, the dollar index (DXY) retreated and is currently down 0.27% at 104.88, mainly as markets start to re-digest the Fed's path of response to inflationary pressures. With last week's weaker-than-expected non-farm payrolls data and a less clear inflation outlook, the market sees a 67% chance that the Fed will cut rates by 25 basis points tonight and raise rates in December. The pullback comes as the euro and sterling rally against the greenback. The euro was up 0.3 percent against the dollar at 1.0758, having not been significantly dragged down despite the political crisis in Germany. Sterling rose 0.19% to 1.2902 against the dollar, with the Bank of England widely expected to cut its benchmark interest rate by 25 basis points tonight, taking it to 4.75%. Some of the pound's strength stems from expectations that the U.K. government will continue to push through stimulus policies to support demand in the domestic economy, though that also means there will be considerable pressure on the pound's strength over the longer term.
Long
by fm4tfm4t
Why I Prefer EURUSD Long Now.EURUSD is showing some rejection post election and USD strength as a result of Trumps win. Trumps inflationary effect is what gives a boost to the USD as it is less likely rates will fall from the FED quickly. Similarly, there is still a case for long side inflows into the EURO, particularly if key data shortly encourages it further. A stronger rebound of the EU economy is causing a hold on rate reducing as it is less necessary. Would not be wholly surprised if a rebound occurs. Take note of the continued sideways movement long term that could easily persist as there is no real favourability of the USD over the EURO. Long side entries favourable and taken for swing moves. Will reflect on price action as the move progresses and goes through key FIBs/Price action levels higher. Interesting to keep an eye on the sentiment case, but so far, does not reflect ultra USD strength VS the EURO.
Long
by WillSebastian
2
Trade 4: AUD/CAD - 2.7 RR Ratio Longer Time Frame: 1D 1. A Bullish Engulfing candle was formed on 7th Nov, breaking the structure of downward trend 2. Pulling fib retracement from pivot low to pivot high, we can see the price is currently in between 0 and 0.236 levels of fib Shorter Time Frame: 30min,15min,5min 1. At point "1" we can see that price took resistance, however the 30min and 15min, the shorter HMA was still above the medium HMA 2. We waited until the medium HMA crosses over shorter HMA in 15min timeframe 3. Price retraced back to resistance at point "2" and now medium HMA is above shorter HMA Bias: Short Since there was an bullish engulfing candle in longer time frame, we are expecting a pullback to retest the bullish trend. Even in the shorter time frame, we see a small head and shoulder along with double top being formed. Entry: 1. The next cross under of shorter EMA with medium EMA when the medium HMA crossed over shorter HMA 2. Waited in 15min timeframe to observe the EMA cross under 3. Dint wait for FVG, entered at the open of next candle of break out Target: 1. 0.236 level of Fib 2. If 0.236 is broken, can be pushed to 0.382 level SL: Above the EMA cross under in 5min time frame
Short
by MyWayofLookingThings
2
#EURCAD 1DAYEURCAD Daily Analysis The EURCAD pair is currently trading near the lower boundary of a well-defined channel on the daily chart, where it has reached channel support. This support level suggests potential buying pressure, as the price has historically rebounded from this area within the channel, creating a favorable setup for a long position. Technical Outlook: - Pattern: Channel Support -Forecast: Bullish (Buy Opportunity) - Entry Strategy: Buy near the channel support area Traders may look to enter a buy position around this support level, with targets set at the channel's upper boundary. To further confirm the setup, indicators like RSI showing oversold conditions or MACD indicating a bullish divergence could add confidence to the trade, supporting the bullish forecast for EURCAD.
Long
by PIPSFIGHTER
2
EURUSD has a strong selling pressure - clear signs of discountThe EUR/USD pair dropped to nearly 1,0780 in the context of the demand for US dollars increased again on Friday during Asian trading hours. In addition, the proposal to increase tax by Donald Trump put pressure on Euro compared to the US dollar. Ben personally predicts that, without unexpected breakthroughs, EURUSD will likely turn to an important support area of ​​1,0720 - 1,0740. In addition, technical indicators are not very satisfactory when the EMA 34 and EMA 89 are creating additional resistance right above the current price, increasing the pressure to decrease for Eurusd. With this situation, the market is more likely to have an EURUSD will have a deeper decline.
Short
by Bentradegold
EUR/USD 1-Hour Forecast: Long Setup in Focus📈 **EUR/USD 1-Hour Forecast: Long Setup in Focus** 🔹 We’re looking at a potential long setup on EUR/USD, with the current price at **1.07826**. Key levels indicate areas of interest as we aim for a target range of **1.06569 to 1.08723**. 🔍 **Key Levels to Monitor:** - **Support Zones:** 1.07378, 1.07114, 1.06641 - **Current Price:** 1.07826 - **Target Range:** 1.06569 to 1.08723 📊 **Forecast Details:** This setup suggests a potential upward movement as EUR/USD approaches and respects these support zones. A hold above **1.07378** could indicate strong buying interest, and as it moves past each level, the momentum towards **1.08723** strengthens. Maintaining this direction relies on support at **1.07114** and **1.06641**, which could act as re-entry points if tested. 💡 **Market Insight:** Watching these levels closely to gauge momentum and waiting for solid confirmations can help maximize entry opportunities. 👉 Let us know if you’re tracking EUR/USD and share your outlook! #EURUSD #LongPosition #ForexTrading #1HourChart #Pipnest #ForexForecast
Long
by pipnest
USDCHF Analysis Today: Technical and Order Flow Analysis !In this video I will be sharing my USDCHF analysis today, by providing my complete technical and order flow analysis, so you can watch it to possibly improve your forex trading skillset. The video is structured in 3 parts, first I will be performing my complete technical analysis, then I will be moving to the COT data analysis, so how the big payers in market are moving their orders, and to do this I will be using my customized proprietary software and then I will be putting together these two different types of analysis.
by Transparent_Fx_Analysis
1