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Swing Trade on AUDNZD, Long @ 1.1517 EntryIBKR:AUDNZD Price has recently broken through the SR level @ 1.1433 and this level has been retested & held; we're now waiting for the continuation. Look for an entry at 1.1517 , stop below the zone at 1.1426 , target 1.1750 (2:1). There'll be slight upside resistance, which might cause a bit of choppiness/consolidation at the psych level @ 1.1600, but the overall trend is up, and we're trading well above the Daily MA200 & Weekly MA200. Fundamentally, we're looking good and expecting further upside on the pair both short and medium-term: RBA has paused whilst RBNZ is easing, widening Australia's yield edge in the near term; over hte next 3-6 months Australia's rates will likely remain above New Zealand's as RBNZ cuts further. AU inflation surprised higher while NZ inflation eased amid weak growth. Stronger AU inflation/growth momentum vs sluggish NZ suggests medium-term AUD outperformance. Strong Chinese iron-ore and wider critical minerals demand supports AUD while NZ's dairy prices and exports have softened. Key Catalysts (forward-dated): 2025-11-05 — RBA policy decision — Expected: Bullish 2025-11-26 — RBNZ monetary policy meeting — Expected: Bullish 2026-02-03 — RBA monetary policy meeting — Expected: Bullish 2026-02-18 — RBNZ monetary policy meeting — Expected: Bullish
Long
by atomicharri
1
📈BNB Weekend Rally: Analyzing Upside Potential💎🔍Today is Friday, with just one day left in the trading week, and the market could still offer interesting moves. Hopefully, you've opened positions and profited. Yesterday, after some ranging, the market followed the anticipated pattern, with higher timeframes exerting more influence than shorter ones, propelling the market upwards.Today's focus is on BNB, which, like other assets, surged from the $507.6 support yesterday, gaining nearly 10%. Currently, we're at the 0.382 Fibonacci retracement level of our downward move, and the reaction so far has been limited to a single red candle, indicating uncertainty about future movements. 💎The SMA7 indicator has reached the price level, indicating potential buyer strength, possibly initiating a new upward trend supported by the SMA7. However, if the 0.382 level is breached, the golden Fibonacci zone still acts as a barrier that the price must overcome. 📊A downside of this upward movement is the notably low volume of the candles, suggesting traders' lack of enthusiasm to engage in this trend. 💥The RSI oscillator has broken its midline and is hovering around 53.14. If this resistance is broken simultaneously with a price breakout, it could serve as strong confirmation. 🔒In conclusion, while the market is showing signs of upward movement, caution is advised due to the low volume and the presence of Fibonacci resistance. Confirmation from indicators like the RSI is crucial for validating the bullish sentiment. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2.
by itsparham96
Anticipating CAD/JPY's Bearish Breakout: Technical AnalysisHey, fellow traders! I'm keeping a close eye on CAD/JPY as it looks bearish and could potentially head south. In my technical analysis, I've spotted a trendline and RSI divergence that could indicate slowing momentum, along with a sweet continuation pattern in the price action. If we break the key "support/resistance area," the pair could drop as low as 97.5. That's why I'm planning to wait for a pullback before taking any action in the market. But for those of you who are considering shorting CAD/JPY, keep an eye out for these signals as they could indicate a prime opportunity to make some profits. Overall, it's essential to stay vigilant and monitor the trends and indicators to make informed trading decisions. I hope this analysis helps you in your trading journey. Happy trading!
Short
by natron
JNJ Formed a nice Double Bottom patternHi everyone, $JNJ formed a nice Double Bottom pattern on Daily timeframe . The price hit twice the strong support formed at around 155 price level. It recently broke the resistance level at 167 and now it is ready to test it again as a support level. If tested successfully it offers a really nice buy setup. If you like the idea, do not forget to support with a like and follow. * 𝗧𝗵𝗲 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝘀𝗵𝗮𝗿𝗲𝗱 𝗶𝗻 𝘁𝗵𝗶𝘀 𝗽𝗼𝘀𝘁 𝗶𝘀 𝗻𝗼𝘁 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗮𝗱𝘃𝗶𝗰𝗲 𝗮𝗻𝗱 𝗶𝘀 𝗳𝗼𝗿 𝗲𝗱𝘂𝗰𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗽𝘂𝗿𝗽𝗼𝘀𝗲 𝗼𝗻𝗹𝘆! 𝗔𝗹𝘄𝗮𝘆𝘀 𝗰𝗼𝗻𝗱𝘂𝗰𝘁 𝘆𝗼𝘂𝗿 𝗼𝘄𝗻 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗮𝗻𝗱 𝗿𝗲𝘀𝗲𝗮𝗿𝗰𝗵.
NYSE:JNJLong
by preduta