Hello all dear traders! Overall, as expected EURUSD rebounded after the previous sharp decline, continuing to maintain at a trading high at 1.0733. On the news impact: EUR/USD returned to its peak above 1.0700 as market risk appetite regained balance ahead of another US Nonfarm Payrolls on Friday. On the fresh outlook for EURUSD: From the chart, with this high...
EUR/USD has revisited the recent consolidation high on Thursday, reclaiming territory north of the 1.0700 threshold as market risk appetite stabilizes ahead of another US Non-Farm Payrolls (NFP) report on Friday. Price action has been aligning with the 34 and 89 EMA as the market anticipates a direct catalyst that could decisively influence the trend...
The Japanese Yen continues to find support from government intervention in speculation activities. Additionally, selling USD post-FOMC has emerged as another factor weighing down the USD/JPY pair. Investors are now eagerly awaiting the crucial U.S. NFP report, expected to be released later today, which could provide fresh directional momentum. From a technical...
EUR/USD gained traction in the second half of the day on Thursday, maintaining its consolidation phase above 1.0700 into Friday as investors geared up for the highly impactful data release of the week, the April US employment report. Positive shifts in risk sentiment were observed, which exerted downward pressure on the US Dollar during Thursday's US trading...
Hello all traders! The GBP/USD pair is trading stronger, reaching around 1.2550, amid weakness in the US dollar on Friday. Traders are cautious, refraining from opening large positions as attention turns to the April Nonfarm Payrolls report and US ISM services PMI data. Technically, the pair is developing a "cup and handle" pattern in an uptrend (shown on the...
Pair Name : USD/CHF 🗨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 ( Short ) Type : Mid Term Swing ——————————— Bearish Break...
Hello wonderful friends! As can be seen on almost every timeframe EURUSD continues to show significant gains, with price gains surpassing the 1.0700 level as highlighted on the chart. At the same time a cup of handle is forming which increases the possibility of breaking the resistance and taking a distribution. In the current scenario and trend, the possibility...
Hello Traders , Upon reviewing the EUR/USD chart in the 2-hour timeframe, we observe that the price was able to rise to 1.075 and then underwent a correction, penetrating below 1.0678. Consequently, after a liquidity collection, it encountered demand again! The upcoming supply zone ranges from 1.07260 to 1.07530, and we can monitor the price reaction within this...
The EUR/CAD pair on the M30 timeframe presents a potential shorting opportunity due to the presence of an ascending triangle pattern. Potential Short Trade : Entry: Consider entering a short position (selling) below the broken support trendline of the triangle after confirmation. Ideally, this would be around 1.4710 or lower if the price continues to...
GBP/USD tumbles below crucial 1.2500 as bears move in GBP/USD turned south and dropped below 1.2500 in the American session on Thursday. The US Dollar continues to push higher following the Fed-inspired decline on Wednesday and doesn't allow the pair to regain its traction. From a technical standpoint, the GBP/USD is showing a neutral to downward bias. This is a...
The GBP/CHF pair on the M30 timeframe presents a potential shorting opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This breakout suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming hours. Key Points: Sell Entry: Consider entering a short position (selling) below...
The Yen has risen by over 3% following Japan's intervention to boost the currency and the Fed's less hawkish stance. The US Dollar index slipped below 105.00 with the NFP print being softer than expected. The USD/JPY currency pair still has the potential for downside movement. However, there are signs of recovery in the pair. It is expected to test the 0.5-0.618...
Hello everyone! Today, GBPUSD attempted to recover after hitting a new several-month low below 1.2300 suggesting a very positive outlook. On impact news: GBP/USD is consolidating a recovery above 1.2500 in European trade on Thursday. The pair struggled, despite US Dollar weakness in response to dovish Fed signals. Mixed market mood limits GBP/USD gains ahead of...
As we i have shown the anslysis of the 4H strucure, this TF also shows the shift that support the reversed outlook of the pair. Now, we take tha short trade in a confident way. Continue learning.
Most newbies, and even intermediate traders don't really understand what high risk to reward trades require from themselves and from the market. They think it is something to strive for, and that high RR trades are reserved for the pros. This is far from the truth. In this video I try to give more perspective to this concept. - R2F
The long-term trend is still bullish with what looks to be a completed complex correction (WXY) on the primary count ... Do you think the US Dollar has the legs to break out?
FX:EURUSD is facing strong support at 1.0600. A rebound and counter-trend correction within the downtrend is forming. Traders are waiting for Friday's NFP Globally, the currency pair is in a bear market phase. There is a strong struggle for the 1.0700 area, especially ahead of Non Farm Payrolls, which may determine the medium-term outlook. Traders expect the...
Here is a 1:2 RR Trade setup on AUD USD Lets see how this play out Waiting patiently for confirmation