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EURUSD_106 2024.11.05 07:32:04 Trading Signal SELLFrankPro Signal for EURUSD_106 Type: Screen Signal: SELL TP: 1.0827 SL: 1.08958 Entry Price: 1.08872 Analysis for EURUSD Forecast Overall(Short-Term, Long-Term): ST= Strong Down LT= Probably Up Forecast Methods(Short-Term, Long-Term): ST=Down LT=Up ST=Down LT=Up ST=Down LT=Down Analysis Method(0) Based on the provided analysis, here is my assessment of the EUR/USD pair's expected price movement: **Short-term (next few days):** * The pair is expected to attempt a decline and test the support area near 1.0715. * The correction phase is ongoing, and any upward movement is unlikely to be strong without supportive news for the euro. * The US presidential election on November 5 may introduce volatility, but the US dollar is expected to remain strong. **Expected price movement:** Down (testing support near 1.0715) **Long-term (medium-term outlook):** * The EUR/USD pair is expected to continue its medium-term decline. * The moving averages indicate a bullish trend, but this is subject to the ongoing correction and market volatility. * A potential growth target above 1.1185 is anticipated after the upward rebound. **Expected price movement:** Up (after the initial decline, with a potential growth target above 1.1185) Please note that these assessments are based on the provided analysis and are subject to change as market conditions evolve. Result: ST=Down LT=Up Analysis Method(1) Based on the provided data, here is my analysis of the EUR/USD pair's expected price movement: **Short-term (November 4-8, 2024)** * Expected price movement: Down, followed by a potential upward rebound * Reasoning: The pair is currently in a correction phase after a month-long decline, and analysts expect an attempt to develop a decline, testing the support area near 1.0715. However, a potential upward rebound and growth towards the area below 1.1185 is also expected. * Technical analysis supports this view, as the pair has broken through the area between the signal lines downwards, suggesting pressure from buyers of the European currency. **Long-term (remainder of 2024)** * Expected price movement: Up, with moderate growth and minor corrections * Reasoning: Many analysts, including LongForecast, expect the EUR/USD exchange rate to appreciate throughout the remainder of 2024, reaching fresh yearly highs. While some forecasts, like those from WalletInvestor, suggest a slight decline, the overall sentiment is bullish. * The European Central Bank's potential interest rate cuts and the Federal Reserve's rate decisions are influencing factors, but the market has already priced in the entire cycle of monetary policy easing in the U.S. **Note**: The US presidential election on November 5 is expected to introduce volatility, which may impact the pair's movement in the short term. Result: ST=Down LT=Up Analysis Method(2) Based on the provided analysis, here is my assessment of the EUR/USD pair's expected price movement: **Short-term (next few days):** * The pair is in a correction phase after a month-long decline, and there are grounds for the euro to rise. * However, the correction is unlikely to be strong without continuous supportive news for the euro. * The key level to watch is 1.0845-1.0851; if the pair remains below this area, it could indicate a continuation of the decline. * Given the upcoming U.S. presidential election, significant volatility is expected in the market. **Expected short-term movement:** Neutral to slightly bearish (price may stay the same or go down) **Long-term (next few months to a year):** * Analysts expect the EUR/USD pair to potentially continue its medium-term decline. * The market has already priced in the expected monetary policy easing in the U.S., which may support the dollar's strength. * Forecasts suggest that the EUR/USD could trade at 1.07 by the end of this quarter and at 1.05 in 12 months. **Expected long-term movement:** Bearish (price expected to go down) Please note that these assessments are based on the provided analysis and may not reflect the actual market movement. The foreign exchange market is highly volatile and subject to various factors that can influence price movements. Result: ST=Down LT=Down
Short
by frankiepro
GBPUSD Faces Key Resistance – Will Sellers Take Control?The GBPUSD pair is currently experiencing resistance as it trades near the 1.2975 level. After a brief recovery, the price is now approaching a critical resistance zone, highlighted in yellow on the chart. This area is where sellers are expected to defend aggressively, with the EMA lines reinforcing the bearish outlook. Technical indicators point to a potential downward move from this resistance level. The projected target, marked in green at around 1.2691, represents the next significant support. If GBPUSD respects the resistance and begins to fall, this level could provide a likely area for price consolidation or a potential bounce. Traders might consider a short position if the price remains below this resistance, aiming for the 1.2691 support area, while keeping a close watch on any signals that might indicate a trend reversal.
by Chipucu
GBPUSD_102 2024.11.05 07:20:05 Trading Signal SELLFrankPro Signal for GBPUSD_102 Type: Screen Signal: SELL TP: 1.28969 SL: 1.29897 Entry Price: 1.29781 Analysis for GBPUSD Forecast Overall(Short-Term, Long-Term): ST= Probably Down LT= Probably Down Forecast Methods(Short-Term, Long-Term): ST=Down LT=Down ST=Up LT=Same ST=Down LT=Down Analysis Method(0) Based on the provided analysis and forecast, here is my assessment of the expected price movement for the GBP/USD pair: **Short-term (next few days):** * The pair is expected to experience dull trading with sluggish price movements due to a lack of significant events. * There is a possibility of a bearish correction, with the pair testing the support level near 1.2835. * If the support holds, the pair could see an upward rebound and continued growth towards the 1.3535 area. * However, a breakout below 1.2850 could open up levels around 1.2700. **Expected price movement:** Neutral to slightly bearish, with a possible rebound if support holds. **Long-term (next few weeks/months):** * The medium-term outlook suggests that the British pound has significant room for further decline. * The market anticipates that the Bank of England will lower its key rate, which could lead to a continued decline in the pound against the US dollar. * A sustained break above 1.3050 could expose recent highs near 1.3100 and 1.3175, but this seems less likely given the bearish medium-term outlook. **Expected price movement:** Bearish, with a possible decline towards levels below 1.2245 if the support near 1.2535 is broken. Please note that these assessments are based on the provided analysis and forecast, and are subject to change as new events and data become available. Result: ST=Down LT=Down Analysis Method(1) Based on the provided analysis, here are my predictions for the GBP/USD pair: **Short-term (next few days/weeks):** * The pair is currently trading above the 100-day SMA, which is a bullish sign. * The RSI is slightly above 50, indicating sellers' hesitancy, which could lead to a short-term price increase. * The immediate resistance levels are at 1.3000-1.3010 and 1.3050, which are relatively close to the current price. * The upcoming economic data, such as Durable Goods Orders and the University of Michigan's Consumer Sentiment Index, could influence the pair's movement. Prediction: **Up** (short-term price increase to 1.3000-1.3010) **Long-term (next few months/2025):** * The fundamental overview suggests that the US Dollar's strength is fluctuating, and the British pound is under pressure due to concerns over the Labour government's budget. * The forecasts from WalletInvestor and LongForecast have differing views, but both suggest significant fluctuations in the pair's price. * The market uncertainty due to economic and political factors, including the prospect of a recession and upcoming general elections, could lead to high volatility. Prediction: **Stay the same** (long-term price fluctuations within a range, potentially between 1.278 and 1.437) Please note that these predictions are based on the provided analysis and are subject to change as new data and events emerge. Result: ST=Up LT=Same Analysis Method(2) Based on the provided data, I will analyze the GBPUSD pair's expected price movement for both short-term and long-term periods. **Short-term Analysis (next few days to a week)** * The pair is currently trading above the 100-day Simple Moving Average (SMA) at 1.2970, which is a bullish sign. * However, the immediate resistance levels at 1.3000-1.3010 and 1.3050 may cap the upside movement. * The British pound's recent tumble to $1.285 due to concerns over the Labour government's budget and the expected interest rate cut by the Bank of England may lead to a short-term correction. * Market volatility is expected to be high due to upcoming political events, which could lead to intense price fluctuations. **Expected Short-term Price Movement:** Neutral to slightly bearish, with a possible correction to the support level at 1.2900. **Long-term Analysis (next quarter to a year)** * Trading Economics' global macro models and analysts' expectations suggest that the British Pound will trade at 1.28 by the end of this quarter and 1.25 in the next 12 months, indicating a bearish trend. * The descending regression channel and the pair's inability to break above the resistance levels may confirm the bearish outlook. * Analysts' projections, such as WalletInvestor's forecast of a decline to 1.309 by the end of 2024, also support the bearish view. **Expected Long-term Price Movement:** Bearish, with a possible decline to the support level at 1.2800. In summary, while the short-term outlook is neutral to slightly bearish, the long-term analysis suggests a bearish trend for the GBPUSD pair. Result: ST=Down LT=Down
Short
by frankiepro
USD/JPY Reversal from Premium Zone with Inefficiency FillAnalysis Summary Premium Zone and Strong High: The premium zone, marked between 153.100 and 153.300, highlights an area where selling pressure could intensify. The strong high at 153.100 reinforces this resistance level, suggesting it may act as a turning point if tested. Inefficiency (Fair Value Gap): The inefficiency (or FVG) zone at around 152.700–152.900 may act as a magnet for price to fill this imbalance. This zone could be targeted before a potential reversal from the premium area. Break of Structure (BOS) and Discount Zone: A previous BOS to the downside suggests bearish momentum. The discount zone around 151.500–151.700 below the current price could act as a support level if the price reverses from the premium zone and resumes a bearish trend. Weak Low: The weak low near 151.700 may serve as a target if the price resumes its downtrend, confirming a bearish continuation. Potential Scenarios: Bearish Reversal from Premium Zone: If the price moves up to test the premium zone around 153.100–153.300 and encounters resistance, a bearish reversal is likely. This could result in a move down to fill the inefficiency around 152.700 and potentially target the weak low at 151.700. Continued Bullish Momentum: If buyers push through the premium zone and the strong high at 153.100, this could invalidate the bearish outlook and suggest a continuation to higher levels. Conclusion USD/JPY is approaching a premium zone where a bearish reversal could unfold, targeting the inefficiency at 152.700 and the weak low at 151.700. Traders should watch for rejection signals near 153.100–153.300 to confirm a potential bearish setup.
Short
by SwiftSignalFX
1
USDCHF_101 2024.11.05 07:03:10 Trading Signal BUYFrankPro Signal for USDCHF_101 Type: Screen Signal: BUY TP: 0.86803 SL: 0.86348 Entry Price: 0.86418 Analysis for USDCHF Forecast Overall(Short-Term, Long-Term): ST= Undecided LT= Strong Down Forecast Methods(Short-Term, Long-Term): ST=Same LT=Down ST=Up LT=Down ST=Down LT=Down Analysis Method(0) Based on the provided analysis, here is my assessment of the expected price movement for the USD/CHF currency pair: **Short-term (next 24-48 hours):** * The indicative opening price of 0.8650 suggests stability, but the thin liquidity on Monday mornings and geopolitical tensions could lead to increased volatility. * The technical analysis video emphasizes caution and monitoring key levels, which implies that the price movement might be uncertain or range-bound in the short term. * The forecast for the week suggests a continuation of the downward trend, but this might not necessarily manifest in the next 24-48 hours. Expected price movement in the short term: **STAY THE SAME** (range-bound or minimal movement) **Long-term (next week or beyond):** * The forecast for the week suggests a continuation of the downward trend, which implies that the price is expected to go down. * The technical analysis video and the forecast section both indicate a potential downward movement, which supports this assessment. * The broader market conditions, such as central banks' actions and geopolitical tensions, could also contribute to a downward trend. Expected price movement in the long term: **GO DOWN** ( continuation of the downward trend) Please note that these assessments are based on the provided analysis and should not be considered as investment advice. Market conditions can change rapidly, and other factors not mentioned in the analysis could influence the price movement. Result: ST=Same LT=Down Analysis Method(1) Based on the provided analysis, here are my conclusions for the USD/CHF pair: **Short-term Analysis (next few days):** The price is expected to **go up**. The pair is in an uptrend, and technical analysis suggests that it will continue higher, targeting levels such as 0.8680 and potentially 0.8750. The intraday bias is also on the upside, with a target of 0.8698. However, there is a risk of a pullback to fill a chart gap, potentially correcting down to 0.8574. **Long-term Analysis (weeks/months):** The price is expected to **stay the same** or potentially **go down**. Despite the strong recovery over recent weeks, the longer-term trend for USD/CHF is still considered bearish as long as the 0.9243 resistance holds. A firm break of 0.8332 could resume the larger downtrend from 1.0146 (2022 high). Please note that these conclusions are based on the provided analysis and are subject to change as new data becomes available. Result: ST=Up LT=Down Analysis Method(2) Based on the provided analysis, here is my assessment of the expected price movement for the USD/CHF pair: **Short-term analysis (next few days):** The technical analysis suggests a potential bullish correction, testing the resistance level near 0.8745. However, this is expected to be followed by a downward rebound, continuing the fall. The moving averages indicate a bearish trend, and the RSI supports the decline scenario. Therefore, in the short term, I expect the price to **go down** after a brief attempt to correct upwards. **Long-term analysis (weeks/months):** The fundamental overview mentions the influence of safe-haven demand on the Swiss Franc, which could continue to impact the USD/CHF pair. Additionally, the potential for gradual interest rate cuts by the Federal Reserve could also affect the pair. However, the technical analysis suggests a bearish trend, with a potential breakout of the lower border of the "Triangle" pattern. Considering these factors, I expect the price to **go down** in the long term, potentially targeting levels below 0.7985. In summary: * Short-term: **Go down** (after a brief correction) * Long-term: **Go down** (targeting levels below 0.7985) Result: ST=Down LT=Down
Long
by orbborisson
Dollar Weakens Amid Tight U.S. Election Race and rate cuts Dollar Weakens Amid Tight U.S. Election Race and Upcoming Fed Decision The U.S. dollar dropped as the latest polls indicate no clear leader in the presidential race, reducing bets on a Trump victory. Treasury futures rose, reflecting cautious investor sentiment amid the uncertainty. Citigroup strategists suggest that a Trump victory could see the dollar rally by 3%, while a Harris victory could result in a 2% decline. This highlights the significant impact the election outcome could have on the USD. Meanwhile, the Fed is expected to announce a 25-basis point rate cut, adding to market volatility already heightened by the election. Traders are keeping a close eye on early results from swing states like Michigan and Pennsylvania for insights into the potential election outcome and its implications for the financial markets. Source: Information derived from Bloomberg
by Eleazarahmath
GBPUSD Hits Resistance – Is Selling Opportunity Coming?Today, GBPUSD is showing a potential short setup based on recent price action and key technical levels. The pair is trading around 1.2963, close to a significant resistance zone near 1.2990-1.3000, as shown on the chart. This area is converging with the 34 EMA and 89 EMA, which could act as additional resistance. Traders can consider entering near current levels with a stop loss above 1.3047. This setup offers an opportunity for a downside move within a controlled risk-on environment. What do you think about this setup? Do you think the resistance will hold or is GBPUSD likely to break above it and continue the uptrend?
Short
by AmbaniFX
1