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Heading into overlap resistance?USD/CAD is rising towards the resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.3893 Why we like it: There is an overlap resistance level which aligns with the 50% Fibonacci retracement. Stop loss: 1.3921 Why we like it: There is a pullback resistance level that is slightly below the 78.6% Fibonacci retracement. Take profit: 1.3850 Why we like it: There is a pullback support. 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
USD/ JPY ! 11/8 ! oversold , support , BUY nowUSDJPY trend forecast November 8, 2024 The Japanese Yen (JPY) struggles to gain traction on Friday, fluctuating with minor gains and losses against the US Dollar (USD) as the European session nears. Support for the JPY comes from recent comments by Japanese authorities, though concerns about the Bank of Japan's (BoJ) capacity for further rate hikes limit its upward momentum. Meanwhile, optimism around Trump’s growth and inflation policies largely overshadows the Fed’s dovish outlook, boosting US Treasury yields, which in turn weighs on the lower-yielding JPY. Additionally, renewed USD buying helps restrict any significant downside for the USD/JPY pair. Trump as president with more strict foreign policies, mainly helps the dollar stronger. This will help USD/xxx currency pairs to increase in value. /// BUY USD/JPY : zone 152.300 - 152.100 SL: 151.700 TP: 40 - 100 - 200 pips (154.100) Safe and profitable trading
Long
by Moon-ForexAcademy
3
GBP/JPY H1 | Potential bullish reversalGBP/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 198.04 which is a pullback support that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 196.95 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level. Take profit is at 199.51 which is a pullback resistance. 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.
Long
by FXCM
Bearish reversal?The Loonie (USD/CAD) is rising towards the pivot which is an overlap resistance and could reverse to the pullback support. Pivot; 1.3892 1st Support: 1.3851 1st Resistance: 1.3921 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
EURUSD H1 | Bullish Reversal Based on the H1 chart analysis, we can see that the price is falling to our buy entry at 1.0753, which is a pullback support close to 50% Fibo retracement. Our take profit will be at 1.0811, a multi-swing high resistance. The stop loss will be placed at 1.0703, which is a pullback support level. 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, previously FXCM EU 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.
Long
by FXCM
USDCAD on its way to retest high?related monthly chart time in UTC+8 three white soldiers on 4 hr CAD unemployment rate soon stoch rsi hidden bullish divergence from 25 Sept 2024 -> trend continuation current fundamentals still support USD and CAD unlikely to strengthen retest of monthly high (either break or reverse monthly high to be retested) trump reelected, uncertainties surrounding his policies make managed funds unlikely to bet on a high beta commodity currency like CAD for now where there are so many other alternatives. retail are HUGE USDCAD shorters, ain't no free money like that! yesterday was unable to create lower low on daily. price currently bounced from various previous major daily swing highs, one can possibly say daily resistance retested and turned support and USDCAD on its way to retest monthly resistance bounced from channel dated back from 25 sept 2024 swing low, currently at bottom range of channel, good for longs for a range trade Friday as major news begin to settle and investors reassess upcoming risks successful break through of multiple vwap resistance with momentum at asian sesh etc What yall think?
Long
by FableHart
Potential Bearish Reversal AheadPotential Bearish Reversal Ahead EURUSD is currently trading around 1.078, moving within an upward channel. However, recent price action suggests a possible trend reversal. The chart shows signs of weakening momentum, and a break below the channel could lead to a further decline. If the price breaks the lower trendline support, it could open the path toward 1.073 and potentially lower levels. Traders should watch for confirmation of a breakout below the support level, as this could signal a shift to a bearish trend. For now, the bias leans bearish, with caution advised on potential entry points near the channel's lower boundary.
Short
by traderidqpmuna
GBPUSD_104 2024.11.07 17:19:04 Trading Signal SELLFrankPro Signal for GBPUSD_104 Type: Screen Signal: SELL TP: 1.29484 SL: 1.29868 Entry Price: 1.29804 Analysis for GBPUSD 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 analysis, here are my predictions for the GBP/USD pair: **Short-term (next few days):** * The price is expected to go down. The pair is currently moving within a descending channel, indicating a short-term bearish trend. The price is also below the 100-day SMA (1.2980), which is a bearish signal. * However, there is a potential for a short-term recovery, as the pair is building recovery momentum toward 1.2950 and has found support near this level. * Key levels to watch in the short-term include 1.2940, 1.2900, and 1.2980. **Long-term (next few weeks/months):** * The price is expected to go up. The forecast suggests that the pair is expected to test the support area near 1.2765, but then continue to grow with a target near 1.3085. * A breakout above the resistance area and a price close above 1.3005 could signal a reversal, indicating a potential long-term bullish trend. * The Bank of England's stance on interest rates and the prospect of a recession in the UK may influence the pair's volatility, but the overall long-term trend is expected to be bullish. Please note that these predictions are based on the analysis provided and are subject to change as new data and events unfold. Result: ST=Down LT=Up Analysis Method(1) Based on the provided analysis, here are my conclusions on the expected price movement of the GBP/USD pair: **Short-term (next few days):** * The pair is currently in a descending channel, indicating a short-term bearish trend. * The Relative Strength Index (RSI) is above 50, but the pair has yet to flip the 100-day SMA into support. * Key support levels are at 1.2940 and 1.2900, while resistance is at 1.3000 and 1.3040. * Given these factors, I expect the price to **go down** in the short-term, potentially testing the support area near 1.2765. **Long-term (next few weeks/months):** * Despite the short-term bearish trend, there is an expectation for the GBP/USD pair to rebound and continue growing towards the level of 1.3085. * A breakout of the resistance area and a price close above 1.3005 would confirm the growth option. * Economic data and central bank decisions, such as the Bank of England's expected rate cuts, could impact the pair's movement. * Considering these factors, I expect the price to **go up** in the long-term, potentially reaching higher targets such as 1.3042 and 1.3057. Please note that these conclusions are based on the provided analysis and are subject to change as new data and events emerge. Result: ST=Down LT=Up Analysis Method(2) Based on the provided analysis, here is my assessment of the expected price movement for the GBP/USD pair: **Short-term (next few days):** * The pair is currently trading near 1.3000, and the technical analysis suggests that it is yet to break above the 100-day SMA at 1.2980. * The market sentiment is cautious due to the upcoming US presidential election, which may lead to a temporary consolidation or a slight decline. * The support levels at 1.2940 and 1.2900 are likely to hold, but a break below these levels could lead to a decline towards the November 1 low of 1.2884. * Therefore, in the short-term, the price is expected to **stay the same** or **go down** slightly, with a potential range of 1.2940-1.3000. **Long-term (next few weeks/months):** * The forecast and analysis suggest that the pair could test the support area near 1.2765 before potentially rebounding and growing towards the 1.3085 level. * The expectation of interest rate cuts by the Bank of England by the end of 2025 could lead to a depreciation of the pound in the long-term. * However, the US Dollar is currently under pressure, which could allow the GBP/USD to hold its ground or even appreciate in the long-term. * Therefore, in the long-term, the price is expected to **go up**, with a potential target of 1.3085, but with a possible decline to 1.2765 before rebounding. Please note that these assessments are based on the provided analysis and are subject to change as new information becomes available. Result: ST=Down LT=Up
Short
by orbborisson
Potential bullish bounce off 50% Fibonacci support?USD/JPY is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance level. Pivot: 152.49 1st Support: 151.57 1st Resistance: 153.74 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.
Long
by ICmarkets
Bearish on the EUR, if it falls below 1.075, it may fall to 1.07In the early European session, the euro had difficulty gaining a foothold against the US dollar, and the trading price fell below 1.0800 again. The US dollar once performed well due to Trump's victory. However, as investors took profits before the Fed announced its interest rate decision, the upward momentum of the US dollar weakened. As expected by the market, the Fed cut interest rates by 25 basis points to a range of 4.5%-4.75%. At the press conference after the meeting, Powell did not hint whether there would be further easing in December, and emphasized that the results of the presidential election would not have an impact on monetary policy in the short term. The market reacted relatively mildly to the Fed. According to data from the Fed Observation Tool of CME, the market expects that the probability of another 25 basis point rate cut in December remains basically around 70%. Earlier on Friday (November 8), cautious market sentiment helped the US dollar hold its ground and the euro continued its rebound. At the same time, US stock index futures are currently consolidating. If the market continues to remain cautious after the opening of Wall Street, the US dollar may maintain bullish momentum, thereby limiting the upside of the euro. Technically, the RSI indicator on the 4-hour chart of EUR/USD remains below 50, which indicates that the downtrend remains after the correction on Thursday (November 7). 1.0750 is a static support level, followed by 1.0700 and 1.0680. Looking up, the initial resistance is at 1.0800, followed by 1.0870 (200-day moving average).
Short
by xrrsxrrs
USDJPY: Ready for another 1500 pip move? Presidential election in the US, which was one of the most important political events this year, moved the stock market to significant highs, historically speaking. The new rally could weaken the dollar. On the Japanese side of things, the new bullish move might be starting soon. Now that we got the retracement back to our weekly area of interest, its time to start looking for short entries. Our area of interest consists of Fibonacci and VWAP levels. This analysis is taught and provided by Fractals Trading. Trade safely and expect the unexpected, Mei
Short
by martinmei