GBPJPY faces a critical juncture this week, with a formidable monthly resistance level at 193.659 coming into view. If the pair can surmount this hurdle, it could unlock a significant upside move towards 214.005, with limited resistance in the way. Technical Analysis: GBPJPY has been in a strong uptrend since the beginning of the year, gaining over 17%. The pair...
USD/JPY, H4 USD/JPY experiences uncertainty due to mixed monetary policy statements from Bank of Japan members. While Hajime Takata signals a potential exit from ultra-loose policy with the inflation target in sight, Governor Kazuo Ueda provides a contradictory view, emphasising the need for confirmation in a positive wage-inflation cycle. This mixed sentiment...
Today's focus: EURUSD Pattern – Continuation (Bullish) Support – 1.0794 Resistance – 1.0855, 1.0896 Hi, traders; thanks for tuning in for today's update. Today, we are looking at the EURUSD on the daily chart. Will we see the EURUSD set off on a new continuation higher? Bulls have broken the downtrend and formed a higher low. We have a trigger bar, but we...
Trend continues for the next few days. Get in early, BUY now.
Price has been pushing higher and higher and climbed thousands and thousands of PIPs since 2021. But with the increased interest rates (42.5%), will this be enough to prevent price from higher? Potentially. There needs to be more confidence in the Lira, which could be happening. Pimco and Vanguard (US Investment Companies), are investing in Turkey, which could...
BINANCE:ETHUSD ETDUSD (W) is poised to approach the $30K in the near future ETDUSD (W) is poised to approach the $30K price threshold in the near future. The distinct bullish response within Fibonacci extension zone 1 ( GETTEX:29K -$32K) is evident. However, the sudden surge in price has activated a cautionary signal from the RSI indicator, suggesting a...
Technical Analysis and Outlook: The Eurodollar experienced a decline during this week's trading session. It crossed our Mean Support level of 1.074 and Inner Currency level of 0.075 before quickly bouncing back to the Mean Resistance level of 1.079. Currently, the currency is in a primary downward trend and is expected to continue until it reaches the Inner...
EUR-CAD currency pair is moving in a Bearish direction. Based on technical analysis, it is evident that the price action will remain to continue to move in the bearish direction on one hour time frame. Therefore, this trade setup is for SHORT SETUP for this forex currency pair. Note: If you are interested to take trade on this idea then move your SL to breakeven...
USD is clearly moving in a bullish direction against the JPY. Thus this trade can be a good opportunity for a LONG trade at One hour interval. NOTE: If you are planning to take this trade then do not forget to put your SL. Once the TP1 hits, bring your SL to Breakeven. Best of Luck.
USDCAD could fall 138 pips if it can stay below 1.35342 Why 1.35342? Let's just round it and say $1.353 Canadian dollar. The exchange price for the United States Dollar is decreasing which means Canadians are able to buy the Dollar at a cheaper price. Evidence High(H) & Low(L) Per the 4 our timeframe, price is declining. The current falling price of...
GBPAUD could fall 225 pips if it can stay below 1.65699. Why 1.65699? Let's just round it and say $1.657 Australian dollar. The price for the EURO is decreasing which means Australians are able to buy the Euro at a cheaper price. Evidence High(H) & Low(L) Per the 4 our timeframe, price is declining. The current falling price of the Euro price per the...
The ALPHA/USDT trading pair is currently within a crucial support zone, which could influence price movements in the upcoming trading sessions. This support zone can be identified by examining historical price levels where the ALPHA cryptocurrency has shown a strong upward reaction. Considering the close correlation between different cryptocurrencies and...
BINANCE:ETHUSD ETHUSD (D) appears to have a pattern of narrowing the price range. Currently, the pattern has been broken. So: Buy current price at 2434.27 SL at 2098.3 TP1 at 2957.48 TP2 at 3849.71 Note: capital management 2%
BINANCE:BTCUSD BTCUSD (D) appears to have a pattern of narrowing the price range. Currently, the pattern has been broken. So: Buy current price at 45450 Stop loss at 41345
In recent weeks, we have witnessed a significant drop in the value of the US dollar, primarily driven by the Federal Reserve's unexpected pivot towards lower interest rates and the simultaneous decline in inflation levels. This alarming trend has raised concerns among market participants and calls for a proactive response. The Federal Reserve's decision to lower...
Price test strong support area .If price close above this area in H4 then we can consider reversal from that levels and before initiate long positions confirmed by bullish pin bar .
The U.S. Dollar Index closed last week under the 1W MA50 for the first time since August and that signals the bearish extension of the decline that started on the October High. Naturally, the 1W technical outlook has turned bearish (RSI = 42.067, MACD = 0.190, ADX = 46.054) but the 1D is oversold (RSI = 29.749) and calls for a rebound in order to harmonize this...
Technical Analysis Report: USDJPY Trading Opportunity Overview: At the current juncture, USDJPY is positioned at 149.450, showcasing discernible indications of a bearish reversal. Notably, a bearish RSI divergence signals a misalignment between price action and relative strength, suggesting potential vulnerability in the prevailing uptrend. Technical...