USD/JPY, H4 27 March 2024 The USD/JPY pair touched its weakest level against the U.S. dollar for the third time, nearing the 152.00 level, following Japan's first rate hike since 2007. The Japanese Yen has approached intervention levels last seen in 2022, prompting speculation of potential currency intervention by Japanese authorities. The Japanese Finance...
AUD/USD, H4 25 March 2024 The AUD/USD pair has seen a rebound from its recent lows, buoyed by interventions from the Chinese government aimed at strengthening the Chinese Yuan in a bid to stabilise it amid recent weakening. Consequently, the Australian dollar, often viewed as a proxy for the Chinese economy, benefited from the stronger Yuan, experiencing an...
EUR/USD, H4 25 March 2024 The EUR/USD pair is currently facing significant downward pressure, trading close to its key psychological support level at around 1.0800. This pressure comes amid signs of easing inflation within the Eurozone, prompting market speculation about a potential rate cut from the European Central Bank (ECB) in 2024, despite its current...
GBP/USD, H4 25 March 2024 The GBP/USD currency pair is exhibiting sustained bullish momentum, currently hovering near the 1.2600 level as the market anticipates further developments. Revisions in market expectations regarding a potential Federal Reserve rate cut in 2024 have emerged due to ongoing inflationary pressures in the U.S., contributing to the...
🔖XAU/USD, H4🔖 22 March 2024 Gold prices dipped from record highs as the US Dollar and US Treasury yields rebounded sharply on the back of positive economic data releases and the Federal Reserve's optimistic forecast. Despite the Federal Reserve's upward revisions for the Gross Domestic Product (GDP) and the Core Personal Consumption Expenditure Price Index (PCE)...
USD/JPY, H4 20 March 2024 The Japanese yen faced significant downward pressure, tumbling to a four-month low, even as the Bank of Japan announced the end of its negative interest rate policy and quantitative easing measures. Market participants, having already factored in the policy change, engaged in profit-taking, leading to a sharp decline of over 1% in the...
USD/JPY, H4 18 March 2024 The Japanese yen experienced significant selling pressure as investors offloaded positions ahead of high volatility events. Despite the sell-off, bullish prospects remain for the Japanese yen, driven by speculation of potential monetary shifts from the Bank of Japan. Tuesday's BOJ meeting is poised to be consequential, with officials...
AUDUSD H4 15 March 2024 The AUD/USD pair experienced losses, breaking below crucial support levels as a sharp resurgence in demand for the US Dollar prevailed. Firm inflation data and positive labor market figures contributed to the Dollar's recovery, alongside ongoing speculation regarding the Fed's expected rate adjustments. Further catalysts for the Australian...
I think a sell. I dont have much time but let see red news in 7 min.
Still very optimistic for SP 500 to go up trend. there is a 50% chance price will retest 4338. 1st profit target point at 4600, second target 4800 if price stays above at 4270. price currently on strong monthly resistant trend line, might be tricky if the price go below 4270
Hey guys this is my thoughts about the trade for the next week. We are expecting easing on BoJ News that will be release this evening. the expectation is to be a buy signal for the next week as the market is already refusing the sell positions.
We saw great support created in the 157 area, now I believe in a pullback to higher point in 1.60 long position
Hi All, After FOMC news drive yesterday, WHAT ELSE? Here are my thoughts; 1. There is a lot of noise to the left hand side so am capping my profit target for buys from 12565 to 12667 zones. 2. Buying mostly today is also confirmed by my WICK FILL play (join my live session to access my 90% winrate playbook) but traders must not expect price to move...
After analysing the EUR/JPY we can see a potential short opportunity lining up. 136.50 could provide as a fantastic area to look for a bounce on this 4-hour descending trendline. We have some EUR fundamentals heading into this afternoon. Ultimately the downside targets are 131.50 then 130.50. If we get this movement to play out, it will now likely occur over next week.
Its look like it trapped between support /resistances and don't know where to go .We need to wait until it broke support or resistance . If you agree then like and support me. Mention you idea on comments :)
USDJPY still inside support and resistance trap. We need to wait for confirmation then we can open new trade. If you agree then like idea and support me. Mention your thought on comments :)
EURUSD broke that ascending channel and create a new downtrend and it still continue by broking support (1.21700). Now I think it can test our second support (1.20500) and bounce back towards up. If our support(1.20500) denial then it move towards second strong support (1.19600) which previous act as a strong resistance and consolidate there before making new...