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EUR/JPY - M30 Chart - Rising Wedge Formation Price Breaks the pattern now. its Good chance to sell. Lack of Major News: So far today, there hasn't been any major news impacting the EUR/JPY pair. Thank You.

KABHI_TA_TRADING Updated 

Investors are awaiting key data releases like the upcoming U.S. Non-Farm Payrolls report scheduled for Friday, which could influence both gold and the dollar. NFP Report Key for Direction: The upcoming US NFP report on Friday is the main event for gold traders this week. A strong jobs report could boost the dollar and weigh on gold, while a weak reading could...

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1. US Treasury yields climb, boost dollar: Rising US Treasury yields are providing some support for the dollar, putting mild upward pressure on the USD/CAD pair. 2. US employment data beats expectations: Positive US employment data released yesterday initially strengthened the US dollar, putting upward pressure on USD/CAD. However, concerns about rising US...

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Dollar wavers ahead of US jobs data: The US dollar's recent strength has paused, with investors cautious ahead of the key US employment data released yesterday. Resistance levels at $2,064 and $2,077: Analysts identify $2,064 and $2,077 as key resistance levels for gold prices. Breaking above these levels could signal a potential uptrend. Geopolitical tensions:...

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USD/CHF Hot News: US employment data: Upbeat US employment data released yesterday pushed the 10-year US Treasury bond yield, limiting the USD/CHF's bullish momentum. Swiss Franc strength: The Swiss Franc is gaining strength against other major currencies like the GBP, benefiting from its safe-haven status due to global uncertainties. Oil price fluctuations:...

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GBP/USD - H1 Chart ✔️BUY GBP/USD @ 1.2670 💵Tp - 1.2800 🔠Sl - 1.2600 USD Weakness: The US dollar has been in a freefall heading into 2024, benefiting the Pound Sterling. This is due to a combination of factors like dovish Federal Reserve signals and concerns about a potential US recession. Focus on US Jobless Claims: Yesterday, the US will release its jobless...

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XAU/USD - H1 Chart Factors affecting Gold : OANDA:XAUUSD 1. Monetary policy dynamics should favor Dollar strength in this Month. 2. A crucial fundamental factor putting pressure on gold is the rise in government bond yields in developed countries with falling inflation. It is becoming increasingly difficult for gold to compete on yield. 3. Prospects for...

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Buy CHFJPY Channel Pattern CHF/JPY - M30 Chart - Channel formation Its good chance to buy now ENtry Around - 167.22 Sl - 166.60 Thank you

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GBP/CHF - M30 Chart - Triangle Pattern Price Breaks the triangle pattern now, its good chance to buy now ✔️Entry @ 1.0737 💵Tp - 1.0850 🔠Sl - 1.0675 Thank you

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USD/CAD hovers around 1.3200 ahead of US Jobless Claims: The USD/CAD pair is currently trading around 1.3200, with little movement in either direction. Investors are awaiting the release of the US jobless claims data later today, which could provide some direction for the pair. If the data comes in weaker than expected, it could boost the CAD as investors seek...

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Sell EURJPY Narrow Channel Market sentiment: Recent gains: EUR/JPY has seen 3 consecutive days of upward movement, reaching a new weekly high. This might lead some traders to take profits and sell off. Global recession concerns: Rising recessionary fears could push investors towards safe-haven currencies like the Japanese Yen, potentially weakening EUR/JPY. Thank you

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Factors Potentially Supporting GBP/CHF: Hawkish BoE Expectations: Markets are anticipating a more hawkish tone from the Bank of England (BoE) in its upcoming meeting on February 2nd, 2024. This could offer some support to the GBP against the CHF. Technical Bounce: Like AUD/JPY, GBP/CHF may be due for a short-term correction after its recent decline. This could...

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Factors Potentially Supporting AUD/JPY : RBA Hawkishness: The recent release of the RBA meeting minutes suggested the central bank remains committed to further rate hikes to combat inflation. This hawkish stance could offer some support to the AUD. Stronger Global Commodities: Commodities like iron ore, a key Australian export, are seeing some strength...

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Sell EURUSD Triangle Pattern EUR/USD Trading Sideways: The pair remains stuck between 1.0930 and 1.0960, struggling for direction despite recent developments. Here are the key factors influencing the current situation: Bullish Factors: Softer Fed rhetoric: The perceived shift towards a less hawkish Federal Reserve has weakened the US dollar and boosted the...

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USD/CHF - Fundamental News 1.Stronger US data: Upbeat economic releases from the US could reignite dollar buying and push USDCHF higher. 2. Deteriorating risk sentiment: Escalating global tensions or economic concerns could trigger safe-haven flows into CHF, strengthening USDCHF. 3. Hawkish SNB surprise: If the SNB unexpectedly turns more hawkish on monetary...

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GBPAUD Bearish Channel : 1. UK Political Turmoil: Recent resignation announcements within the UK government and ongoing internal disagreements have rattled investor confidence, putting downward pressure on the Pound. This political uncertainty could weaken GBP/AUD in the short term. 2. Australia's Resource Riches: Australia's strong economic performance driven...

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AUD/NZD - Channel Pattern New Zealand PM Jacinda Ardern's China visit: Scheduled for December 21st-23rd, the outcome of this visit and any potential trade deals could impact the NZD sentiment. AUD/NZD remains a dynamic pair with the potential for further movement in the near term. Keep track of the upcoming news events and broader market context to make informed...

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USD/CHF is currently under slight downward pressure, trading around 0.8690 after a choppy morning . 1. USD Retreats on Dovish Fed Chatter: The US dollar is generally weakening against major currencies due to a shift towards dovishness from the Federal Reserve. Several Fed officials have suggested a slower pace of rate hikes in 2024, dampening demand for the...