📌The ECB appears to be on track to cut interest rates in June, barring any major surprises, and recent inflation data further strengthens the case for a rate cut ahead. In contrast, the Fed decided to leave interest rates unchanged on Wednesday, citing the FOMC's lack of progress in bringing inflation back to its 2% target. EUR/USD is trading in a fairly wide...
📌GBP/USD continues to gain momentum, currently trading around 1.2550. The pair's strength comes from financial market predictions that the BoE will reduce interest rates from its September meeting, in line with expectations of a similar move by the Fed. 📌Speculation about the BoE moving to cut interest rates has been postponed due to concerns about strong UK wage...
The EUR/USD is trading within a tight channel around 1.0750 at the start of Monday after closing last week positively. The technical picture suggests that this currency pair may continue its upward momentum in the near term as the price range widens. Disappointing data releases from the US weakened the US Dollar (USD) against its counterparts on Friday, boosting...
Pair Name : AUD/CAD 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( Long After Retest ) Type : Mid Term Swing ——————————— Bullish...
Hello all dear traders! EUR/USD fluctuated in a tight channel slightly above 1.0750 early Monday after closing last week in positive territory. The technical picture suggests that the pair could continue to rise in the short term. Speaking of short-term upside: the release of disappointing data from the US has caused the US Dollar (USD) to weaken reinforcing...
Hello everyone! The EUR/USD surged to 1.0800 as the US Dollar weakened during the early trading session on Friday in the US. The greenback faced a significant sell-off following the US Bureau of Labor Statistics (BLS) report, indicating soft labor demand and slowing wage growth for April. This caused the US Dollar Index (DXY) to hit a three-week low, providing...
As We Talked in The Previous Analysis: The Price Broke The Support Level (1.07431 - 1.06950) . On Friday 3 May, The Price Has Pulled Back to The Resistance Line. So, Let's Expect The Bearish Scenario : if The Price Breaks The Support Line and Closes Below That, We Will See a Bearish Move📉 _________ TARGET 1: 1.06670🎯 TARGET 2: 1.05755🎯
The GBP/JPY currency pair is showing indications of a potential selling opportunity, with a targeted sell zone identified between 191.90 and 193.00. This range represents an area where sellers may consider entering the market, anticipating downward movement in the exchange rate. Furthermore, technical analysis suggests two potential targets for this sell...
The USD/JPY pair has still some room to fall, though a very lucrative entry level for Dollar bulls is just around the corner. Around 152.00, not only a pivotal level and the 55-day Simple Moving Average (SMA) is nearby, but also there is a long-term ascending trend line just beneath to provide support. This makes it the perfect entry level for any US Dollar buyers...
GBPJPY is on downtrend but am seeing a strong buying zone at 190.206 area. just to be safe and get better buys once we hit 190.206,we take our buys towards 193.955
GBPJPY may rise again from the support area The price has already tested a strong daily support area near 191.40 After the price depreciated by 900 pips by the BOJ intervention which was never accepted by them, we could see GBPJPY rise to at least 195.00 again The BOJ's indifference and small interventions are not supporting the JPY to get stronger. We may...
Usd/Cad - On the daily timeframe we are extremely bullish . We have room to catch atleast +100 pips this week . You can see previous daily candle closed bullish rejecting our fib levels . Also , price is making higher highs and higher lows and this can be the potential higher low to break daily High . Long term Take profit target is the -0.27 & -0.62 👍🏼 Daily :
Looking for USDJPY to make a strong stand here on 151.944. Strong chance we will see UJ turn previous resistance of this level into support. on the 1D TF we also see the 50MA on this level and causing a bounce and some support. Monday looking to buy and see price drive up to 153 minimum but 155.9 is expected. Nice buy opportunity if you get in
Long EURJPY, 4H entry 165.360 - 165.090 sl 164.000 tp1 166.870 tp2 168.293 move sl to entry if price reach 166.158 OANDA:EURJPY
Here is my latest structure analysis and important key levels: vertical and horizontal supports and resistances for next week. Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
GBP/USD Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. EUR/GBP Short Minimum entry requirements: • 1H impulse down below area of value. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. EUR/USD...
GBP/USD is grappling to sustain its upward momentum and is trading below the 1.2550 level in the US trading session. Earlier in the day, disappointing April employment reports from the US triggered a USD selloff, propelling this currency pair to its highest level in weeks above 1.2600. However, it failed to hold onto this level and quickly retreated to 1.254. On...
Following its ascent to the 171.500 area, the EUR/JPY underwent a notable surge, echoing the analogous movement witnessed in the USD/JPY pair. In light of this development, our approach entails anticipating a potential retracement of the preceding bearish momentum, employing limit orders to capitalize on favorable entry points. Simultaneously, we remain vigilant...