EURUSDEURUSD 2H In the chart, static and dynamic resistance intersect and cause the price to sell and than long time buyby MullaaX017
sell positionIn the chart, static and dynamic resistance intersect and cause the price to fallShortby city19112
EURUSD: ECB rate decisionThe Fed's favourite inflation gauge, PCE Price Index, was standing at 2.7% in April, exactly in line with market expectations. Core PCE was 2.8%, without a change from the previous month. Core PCE was increased by 0.2% on a monthly basis, while PCE index was up by 0.3% for the month. The US CB Consumer Confidence in May was at level of 102.0 much higher from market estimate of 95.9. GDP growth rate, second estimate for Q1 remained at the same level of 1.3% q/q, and was in line with forecast. The Ifo Business Climate in Germany in May was a bit lower from market estimate of 90.4, ending the month at level of 89.3. The GfK Consumer Confidence in Germany in June was at level of -20.9, a bit better from forecasted -22.5. Inflation rate in Germany preliminary for May was 2.4% y/y in line with market expectations. Retail Sales in Germany were standing at -0.6% on a yearly basis in April, a bit better than the -1.9% posted for the previous month. Import Prices in Germany increased in April by 0.7% for the month. Inflation rate in the Euro Zone flash in May was standing at 2.6%, a bit higher from market expectations of 2.5%. Core inflation was standing at 2.9% y/y. For one more week the eurusd currency pair was moving within a relatively short range. The US PCE data were in line with market expectations, in which sense, there was nothing new to price. The highest – lowest weekly range was between levels of 1.078 and 1.088. The currency pair is ending the week at level of 1.084. In line with the low market movements, the RSI was also moving within a short range, around the level of 56-60. Based on the indicator, it seems that the market is still not ready to start a round toward the oversold market side. Moving average of 50 days is slowly diverging from its MA200 counterpart, however, within quite a short distance. PCE data did not provide any surprises to the market during the previous week, however, the week ahead might bring back some higher volatility. In the first place there will be an ECB Meeting and rate decision. The markets are quite optimistic that the ECB might cut its interest rates in June, taking into account inflation which is coming down, and close to 2% target. Still, some surprises might be possible, in case ECB members decide to hold rates a bit longer. On the US side, non-farm payrolls and unemployment rate for May will be posted in a week ahead. In case of any surprises which diverge from market expectations, there might also be some higher volatility. During the previous period, eurusd tested 1.08 resistance line on several occasions. Although breached, there has not been market strength to push the currency pair toward 1.09 level. On the opposite side, the market was testing 1.07 levels, and again was not able to break to the levels below. The week ahead might bring some changes to the current range. This will depend on both ECB decisions, and macro data in the US. Current charts are looking bearish for the week ahead. The next long term support line stands at 1.067, however, it will take more than one week for this level to be reached. At the same time, there is some probability that the market will test 1.09 for one more time, before it starts its final road toward the 1.07 down to 1.067. Important news to watch during the week ahead are: Euro: Unemployment Rate for Germany in May, ECB Interest Rate Decision, ECB Press Conference after the ECB meeting, GDP Growth Rate 3rd estimate for Q1 for the Euro Zone, USD: ISM Manufacturing PMI for May, ISM Services PMI in May, Non-farm payrolls for May, Unemployment Rate for Mayby XBTFX6
GBP_NZD SUPPORT AHEAD|LONG| ✅GBP_NZD will be retesting a support level soon at 2.0675 From where I am expecting a bullish reaction With the price going up but we need To wait for a reversal pattern to form Before entering the trade, so that we Get a higher success probability of the trade LONG🚀 ✅Like and subscribe to never miss a new idea!✅ Longby ProSignalsFx115
EURUSD continues its uptrendDear traders! We saw confirmation with the bullish sinking candle, getting support at 1.0830 with confluence from the 34.89 EMA. Therefore, the EU outlook remains very bullish and it is likely that based on our analysis, it continues its upward momentum towards the 1.0880 resistance and shakes open a bullish buy scenario towards the resistance level of the range is 1.0940. Longby ConanForexUpdated 8818
GBPJPY: Important Decision Ahead 🇬🇧🇯🇵 GBPJPY closed this week, approaching the year's high. Because the trend is strongly bullish, probabilities will be high that the market will keep going higher. Next week, wait for a bullish breakout of the underlined blue area. A daily candle close above 200.75 will confirm the violation. A bullish continuation will be expected then. ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader115
"AUDCAD Analysis: Engulfing Pattern and Potential Trend Reversa"💹 Let's dive into the analysis of this favorite forex pair of mine! We'll update our previous analysis and check our triggers together for the upcoming week. ⏳ Higher Time Frame Analysis: In higher time frames like the weekly, similar to most forex pairs, AUD/CAD is oscillating within a long-term box. We observe the fluctuations and trends more clearly in lower time frames. 📅 Daily Time Frame Insights: On the daily time frame, after finding support at the 0.85918 level, we have reached the top of the box. The candles are erratic, with shadows indicating weakening buyers and potential sellers' presence. 🔍 In our previous analysis, we aimed to open positions in the direction of the ongoing trend, waiting for the trigger and break of the 0.90549 resistance. After breaking it, lower time frames allowed for position openings, reaching the 0.91245 resistance. 💡 After hitting this resistance, buyers showed little interest in opening positions, and currently, the pair is oscillating between the 0.90878 and 0.90549 box. ⏳ Four-Hour Time Frame Analysis: In the 4-hour time frame, the latest candle displayed significant seller strength, engulfing the previous candles and increasing the likelihood of a decline. If we break the 0.90549 support, we will have formed a lower high and broken a lower low. 📉 Short Position Trigger: We need to break the 0.90549 support for a short position. This will indicate a new trend, though we don't necessarily need a trend change since the higher time frames are still ranging. If you receive this analysis early, you can use the current 4-hour engulfing candle with a stop loss around the 0.90878 level. 📈 Long Position Trigger: For a long position, if we fake out the support, we can move to lower time frames. Breaking the 0.90878 trigger can open a long position, but it is more logical to wait for a break of 0.91245 for confirmation. 🛡️ Future Additions: Soon, we will add a new section to this channel about bullish crypto coins. We will analyze and review this data thoroughly for you! :))) 🔻 Key Support Levels: 0.90173 , 0.89702 , 0.88951 🔺 Key Resistance Levels: 0.91245 , 0.92073 , 0.93288 🌟 I hope you have a great weekend and can utilize this analysis for a profitable week ahead! :))Shortby RealMRA1135
EURUSD, short to bears accumulation zone 1.0768 - 1.0789Hi friend. Today sunday 08:00 UTC and EURUSD market closed. I analyse 1H timeframe and seen big bulls accumulation zone (green area). Between 1.0810 and 1.0870 market in agressive maner catching bulls and sold to them. But my opinion market do it very active .. and prcie will fall to bears acc area: 1.0768 - 1.0789.📉 Dont forget to support me. And have a nice trading week. 💪 Also remember that forex like another exchange tipes its a real time process with many "x" and "y" situations. Market situation is constantly changing. And an idea is relevant for some certain period until situation changes.Shortby JinFlark4
Gbpusd (H4) PredictionsGBP/USD is on the defensive below 1.2700 in the European morning on Thursday. A broadly stronger US Dollar amid waning Fed rate cut expectations and risk-aversion, keeps the pair undermined ahead of US data and Fedspeak. Longby Senorita71Updated 1134
Will the Australian dollar weaken?📊 According to the selling pressure in the market, if the price is unable to break the range of 0.670 units upwards and the price stabilizes above it, the price may fall to the range of 0.660 🎯 and in the case of the strength of the range of 0.653 units🎯🎯. 📊 Otherwise, the possibility of price increase up to the range of 0.670 units.Shortby arongroups5
BUY EURGBP FOR TREND REVERSAL BUY EURGBP FOR TREND REVERSAL update STOP LOSS : 0.8492 From the movement is showing a possible trend reversal because more of the traders trading with the trend are already existing there trade positions , and on the 4hour time frame there is already signal of regular divergence which indicates a possible trend reversal too... there is a bigger chance of a possible reversal from this level...... you are free to contact me directly here and i will respond to all questions TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here Longby BALE_FX4
GBP/JPY BEARS ARE STRONG HERE|SHORT Hello,Friends! GBP-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 195.915 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the GBP/JPY pair. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignals114
USDCAD BUYUSDCAD is currently testing the 4H trend line and 78.6 fibonacci zone which has also been a recent support zone. I'm waiting for a 4H Bullish candle close to go long. Let me know what you think in the comment sectionLongby akumjoel6
USDJPY : Continue the trend of price increase!Hello everyone, Brian here. USD/JPY has completed its retracement to the 0.618 Fibonacci level, and the long-term outlook remains optimistic. The pair is on track to reach the 1.618 profit target, continuing its strong performance above the two EMA lines. Additionally, the 151.100 level has now become a new support after buyers successfully broke through the previous record high.by Trader_BrianFX6
GBPJPY CUP & HANDLE PATTERN GBPJPY ins forming a cup and handle pattern on its daily chart the price is trading below the breakout 172.136. ST: 169.913 Target zone 1: 62%: 182.524 79%: 185.309Longby TradeChartPatternsLikeTheProsUpdated 3333
EURUSD → it formed a descending widening wedgehello guys... as you can see OANDA:EURUSD broke the descending channel and now it is on top of the breaking area! FX:EURUSD is forming a descending widening wedge and I put a example of this pattern here! I believe if you wanna get a long position on eurusd, be ready to break the top line of this pattern! ___________________________ ✓✓✓ always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and commentLongby melikatrader94Updated 7738
Eurusd H1 Analysis FX:EURUSD EUR/USD trades on the back foot near 1.0800 in early Europe on Thursday. The pair is nursing losses, induced by sustained US Dollar strength and evaporating risk appetite. Traders look to top-tier US economic data and Fedspeak for fresh trading incentives. Shortby Senorita71Updated 29
GBPUSD Shorts DXY continues to hold its ground. Upcoming news in favour of the US Dollar will drive GBPUSD lower. There is also no high impact news for GBP over the coming week so expect bearish pressure from the get go. Challenging week up ahed guys, good luck!Shortby TheForexMessiah4
GBPJPY SHORTThis is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify anyShortby akmalsabran902
EURJPYEURJPY is testing All Time highs. Zooming out on Monthly time frames suggest so. Zooming in to 1D 1H 30M show multiple candle rejections at the outer most supply zones.Shortby BigBody_Crypto2
POSSIBLE LONG TRADE FOR AUDCHHFPrice currently on an uptrend Market structure on the daily timeframe while only 4hr timeframe we see the same retest which align with Fib 61.8 level, and the last friday candle on the daily Timeframe close as a Doji, showing us an indecision from that zone, on the 1hr and 30mins Timeframe we see a formation of Head and shoulders pattern with a market structural shift, we might see a potentially continuation of the Uptrend from this level, lets watch closelyLongby benwillams2012
EUR/JPY SENDS CLEAR BEARISH SIGNALS|SHORT Hello,Friends! We are going short on the EUR/JPY with the target of 169.809 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignalsUpdated 223
GBP/USD Longs from 1.2700 or 1.26700My bias for GU this week is for it to continue its bullish trend, expecting a retracement to an area of demand. I've marked two potential zones of interest: the 3-hour demand and the 10-hour demand just below it. Once the price reaches these levels, I expect it to accumulate and present a clean buying opportunity on the lower time frames. If the price doesn't form a correction and continues upward, I'll look to take sells from a supply zone near 1.27900 or slightly higher. Confluences for GU Buys are as follows: - Demand zone has caused a break of structure to the upside. - Lots of liquidity to the upside as well as that wick that needs to get filled. - Price is already been bullish so this is a pro trend trade. P.S. As of now I will be waiting to see which direction Price would like to go in and prepare myself from there. Have a great trading week guys! THANKS FOR 1K FOLLOWERSLongby Hassan_fx3