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AUDUSD Pullback Toward 0.65000 as Dollar Weakens Ahead of US PCEHey Traders, in today's trading session we are monitoring AUDUSD for a buying opportunity around the 0.65000 zone. AUDUSD is trading in an uptrend, with price currently correcting toward this key support/resistance level. Structure: The broader bias remains bullish, but price is retracing after recent highs. Key level in focus: 0.65000 — an important area where buyers may look to step in. Fundamentals: The US Dollar Index (DXY) is breaking below 98.100 support, pointing to further downside. A bearish DXY combined with bullish Gold strengthens the case for AUDUSD upside. Event risk: Today’s US PCE release is key. A soft print would reinforce the Fed’s dovish stance, supporting dollar weakness. A hot print could complicate the bearish dollar narrative. Next move: Monitoring how AUDUSD reacts around 0.65000 to assess whether buyers regain control or if deeper correction unfolds. Trade safe, Joe.
Long
by JoeChampion
19
EURUSD Watching 1.16600 Support as Dollar Weakness PersistsHey Traders, in the coming week we are monitoring EURUSD for a buying opportunity around the 1.16600 zone. EURUSD remains in an uptrend and is currently undergoing a correction phase, approaching a key support/resistance level at 1.16600. Meanwhile, the US Dollar Index (DXY) continues to trade in a downtrend and is nearing resistance around the 98.000 zone. The dovish stance from the Federal Reserve, coupled with growing expectations for potential rate cuts in September, is adding consistent selling pressure on the dollar — increasing the probability for further EURUSD upside. Trade safe, Joe.
Long
by JoeChampion
10
NASDAQ Pullback Toward 23,160 as Index Holds UptrendHey Traders, in tomorrow's trading session we are monitoring NASDAQ for a buying opportunity around the 23,160 zone. NAS100 is trading in an uptrend, with price currently correcting toward this key support/resistance level. Structure: The broader bias remains bullish, but price is pulling back after recent highs. Key level in focus: 23,160 — a significant area where buyers may look to step in and resume the uptrend. Fundamentals: Market sentiment remains supportive for equities, with U.S. data and Fed expectations keeping risk appetite intact. Any continuation of dovish Fed signals would add fuel to bullish NASDAQ momentum. Trade safe, Joe.
PEPPERSTONE:NAS100Long
by JoeChampion
15
US30 Pullback Toward 45,100 as DXY Weakens on Dovish Fed ToneHey Traders, in today's trading session we are monitoring US30 for a buying opportunity around the 45,100 zone. Dow Jones (US30) remains in an uptrend, with price currently correcting toward this key support/resistance level. Structure: The broader bias is bullish, though price is retracing after recent highs. Key level in focus: 45,100 — acting as a key zone within the ongoing trend. Fundamentals: The US Dollar Index (DXY) faced strong rejection at 98.700 following the Fed’s dovish stance at the Jackson Hole symposium. This bearish dollar sentiment could support US equities due to their negative correlation. Next move: Holding above 45,100 may keep US30’s bullish momentum intact, while a decisive break lower would suggest deeper retracement. Monitoring price behavior at this level to gauge whether buyers step in. Trade safe, Joe.
CAPITALCOM:US30Long
by JoeChampion
26
USDJPY Rebound Faces 148.300 Resistance, Eyes on 146.900 Target!Hey Traders, In today's trading session we are monitoring USDJPY for a selling opportunity around 148.300 zone. USDJPY has been moving lower overall, with price currently correcting toward the 148.300 area. Structure: The broader bias has been bearish, but recent price action is showing a short-term pullback. Key level in focus: 148.300 — previously acted as support/resistance. Next move: Rejecting this zone could resume the bearish move, with 146.900 as a potential target since it aligns with the partial trend and a key support area. A break above 148.300, however, would question the downside bias. Monitoring how price reacts around 148.300 to see whether sellers regain control or if the correction deepens. Trade safe, Joe.
Short
by JoeChampion
26
Gold Watching 3,360 Support as Powell Dovish Tone Weighs on USDHey Traders, in tomorrow's trading session we are monitoring Gold for a buying opportunity around 3,360 zone, Gold (XAUUSD) recently broke above the 3,360 resistance, turning it into an important support level to watch on any pullback. A retracement into this zone could help determine whether the breakout has strength to extend toward higher levels. On the fundamental side, Fed Chair Powell struck a dovish tone, signaling support for a potential September rate cut, citing lower inflation pressures and risks in the labor market. This backdrop keeps USD under pressure and maintains a bullish bias for Gold in the near term. Monitoring price action around 3,360 to assess whether buyers defend this level or if deeper consolidation unfolds. Trade safe, Joe.
OANDA:XAUUSDLong
by JoeChampion
26
EURGBP Watching 0.86200 Support with 0.87100 in FocusIn today's session, EURGBP is trading within a broader uptrend, but price action is currently undergoing a correction phase. The pair is approaching the 0.86200 support zone, which aligns with the ascending trend structure that has been respected over recent weeks. This level has previously acted as both support and resistance, making it an area worth close attention. Should price stabilize around 0.86200, the 0.87100 region becomes a logical area of interest. This zone is notable because it coincides with both a horizontal resistance level and the partial trend intersection, which often acts as a technical magnet for price. Trade safe, Joe.
Long
by JoeChampion
2
XAUUSD – Watching 3,310 as Price Pulls BackHey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 3,310 zone, Gold (XAUUSD) has been moving lower after its recent swing high, with price now correcting toward the 3,310 area. Structure: The broader bias has been bullish overall, but recent price action shows a corrective move. Key level in focus: 3,310 — previously acted as support/resistance. Next move: Holding above this zone could maintain the medium-term bullish bias, while a clear break below may open the way for deeper retracement. Monitoring how price behaves around 3,310 to understand whether buyers will step in or if weakness continues. Trade safe, Joe.
OANDA:XAUUSDLong
by JoeChampion
30
EURUSD Testing 1.16650 in Descending Channel as DXY Holds 98.100Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.16650 zone, EURUSD continues to trade inside a descending channel, with price correcting upward toward 1.16650, a key resistance zone aligned with channel structure. At the same time, the U.S. Dollar Index (DXY) remains in an uptrend and is approaching 98.100 support. With recent inflation readings running high, markets may expect a more hawkish Federal Reserve, which could support further USD strength. Monitoring how EURUSD reacts near 1.16650 in relation to DXY’s price behavior to gauge whether bearish momentum will resume or consolidation will continue. Trade safe, Joe.
Short
by JoeChampion
10
AUDUSD Tests 0.64400 as DXY Strengthens on Fed BetsHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.64400 zone, AUDUSD is correcting higher within its broader downtrend, with price approaching the 0.64400 resistance area. This zone aligns with prior supply and could be pivotal in determining whether bearish momentum resumes or a deeper retracement unfolds. The U.S. Dollar Index (DXY) recently broke above the 98.700 key resistance, reinforcing its bullish bias. With U.S. inflation still elevated, markets are focused on potential hawkish commentary from the Federal Reserve at the Jackson Hole symposium — a factor that could further strengthen the dollar and weigh on AUDUSD. Price action around 0.64400 will be critical in assessing whether sellers reassert control or the correction continues.
Short
by JoeChampion
7
GBPUSD at 1.35250 Resistance as DXY Eyes 98.100 SupportHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.35250 zone, GBPUSD is moving within a descending channel, with price correcting higher toward the 1.35250 resistance zone — an area that previously acted as support. Meanwhile, the U.S. Dollar Index (DXY) remains in an uptrend and is approaching the 98.100 support area, which may influence GBPUSD direction if buyers step in. Watching how GBPUSD reacts at 1.35250 in relation to DXY’s behavior could provide insight into whether the current correction ends or extends further. Trade safe, Joe.
Short
by JoeChampion
4
USDJPY Sell Setup – Watching 147.600 Key Zone Next WeekHey Traders, In the coming week, I’m monitoring USDJPY for a potential sell opportunity near 147.600. Trend: Still in a clear downtrend. Current move: Price is correcting upward into resistance. Key level: 147.600 – a major support-turned-resistance area. If price rejects this zone with confirmation, it could resume the bearish move. I’ll be looking for signs of weakness (candlestick rejection, momentum shift) before entering. What do you think? Will USDJPY hold below 147.600 or push higher first? Trade safe, Joe
Short
by JoeChampion
6