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GBP/USD – BoE Rate Decision Ahead |(06.11.2025)🧠 Setup Overview: GBP/USD is trading inside a descending channel, with price recently rebounding from a strong support zone near 1.3000. Ahead of the Bank of England (BoE) interest rate decision, the pair is positioned for a possible bullish breakout if the BoE maintains rates and highlights inflation risks. 📊 Trading Plan: Bullish Scenario: If the BoE holds rates and remains cautious on inflation → expect GBP/USD to rebound toward 1.3120 – 1.3180. Breakout confirmation above channel resistance will strengthen the bullish view. Bearish Scenario: If the BoE signals dovish tone or hints at future rate cuts, GBP/USD could drop below 1.3000, targeting 1.2850 – 1.2710. ⚙️ Technical Levels: 🟢 1st Resistance: 1.3133 🟢 2nd Resistance: 1.3171 🔴 Support Zone: 1.3000 – 1.3020 Pattern: Falling Channel → Potential Breakout 🧩 Fundamental Insight (Today – 6 Nov 2025) 1.Markets price a 1-in-3 chance of a BoE rate cut to 3.75%, but consensus expects a hold at 4.00%. 2.UK inflation at 3.8% YoY remains above the BoE’s target, supporting a hawkish stance. 3.A surprise dovish tone, however, could hit the pound hard against the USD, especially as US data remains resilient and the dollar stays firm. #GBPUSD #BoE #Forex #TechnicalAnalysis #PriceAction #ChartPatterns #KABHI_TA_TRADING #FundamentalAnalysis #BankOfEngland #InterestRates #FXMarket #TradingPlan #ForexSetup #ChartsDontLieTradersDontQuit #GBP #USD #TradingView ⚠️ Disclaimer: This analysis is for educational purposes only and not financial advice. Always do your own analysis and manage risk carefully before trading news events. 💬 Support My Work ❤️ If you find this chart helpful — LIKE 👍, COMMENT 💭, and FOLLOW 🔔 to stay updated with more daily Forex setups and price action insights!
Long
by KABHI_TA_TRADING
66
NZDUSD Channel Down forming a Low. Buy Signal.The NZDUSD pair has been trading within a Channel Down since the July 01 2025 High and is currently approaching its bottom (Lower Lows trend-line). Four out of five Lower Lows have rebounded on a Bullish Leg to at least the 0.618 Fibonacci retracement level. With the 1D RSI also oversold, we expect a new Bullish Leg to start and target yet again the 0.618 Fib at 0.57250. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
2
Gold – Bearish Momentum Builds | Key Support at 3983GOLD | Fundamental & Technical 💎 🔻 Fundamental: Gold climbed back above $4,000 as traders weigh the impact of recent U.S. labor data on the Federal Reserve’s rate path. 🟢 With the Fed’s final 2025 meeting approaching and key data delayed by the U.S. government shutdown, markets face heightened uncertainty over the next policy move. 🟢 Despite the recovery, the broader trend remains technically sensitive near a key resistance zone. 🕯 Technically: Currently, gold is testing the 4025 resistance area. 🔽 As long as price remains below 4025, bearish pressure may continue toward 3983 → 3961. 🔼 A 1H close above 4025, however, would confirm renewed bullish momentum, targeting 4055, with an extended upside path toward 4105 if momentum accelerates. Key Levels Pivot Line: 4025 Resistance: 4053 · 4076 · 4105 Support: 3984 · 3961 · 3925
OANDA:XAUUSDShort
by SroshMayi
DXY — London SessionThe US Dollar traded through 99.357, confirming a wide range between 97.6 and 99.9. This is already a large playing field, and today’s movement needs extra care. It’s Friday, and with weekend flows plus U.S. politics in the mix, price can move irregularly. Signals need double confirmation before bias. We have our range, and the focus now is to respect it — not rush it. The professional move: wait for structure to prove intent. Discipline always beats impulse. Fundamentals Dollar strength remains supported by cautious sentiment. Yields are steady, and investors are holding defensive exposure rather than chasing risk. It’s less about fresh demand — more about managing positioning ahead of next week’s data. — CORE5DAN Institutional Logic. Modern Technology. Real Freedom.
CAPITALCOM:DXYLong
by CORE5DAN
Bullish bounce off 50% Fibonacci support?The US Dollar Index (DXY) is falling towards the pivot, which has been identified as a pullback support that aligns with the 50% Fibonacci retracement and could bounce to the 1st resistance. Pivot: 99.53 1st Support: 99.13 1st Resistance: 100.49 Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
TVC:DXYLong
by IC Markets
USD JPY. LONG The message coming from the FED remains 'a slower pace of rate cuts' (all bar one member). Japan's new president inserts a 'dovish team, all in all, I feel JPY strength is 'overdone'. Once again it was a coin toss whether to long USD or AUD. The risk to the trade is negative market sentiment, it is very early in the trading day and anything can happen. Because it's early in the trading day, I've gone for a 1 5:1 risk reward. I will close the trade before end of day (if it's ongoing), to avoid weekend risk. I have found it difficult to form a strong conviction in the direction of the currencies this week. I've not been able to commit to the negative sentiment, Due to the overall uncertainty I suspect there has been some profit taking across all assets. Hopefully next week will bring a little more clarity and cohesion.
Long
by johnelfedforexblog
DXY(Dollar Index): This up wave will not last long.For TVC:DXY , don't be trapped with this up wave, it should not last long. What is happening now is only manipulation based on what we see. Fed will continue to cut rates if not this year, next year and they are printing money, ending the QT and also things are not okay. Based on that, on the fundamental part of things and We Trade Waves wave analysis concept. Any sell setup we get for DXY we will go for it BUT: Always remember WTW 4 Golder Rules: 1) Do not jump in 2) Do not over risk/trade 3) Do not trade without Stop Loss 4) Never ever add to a losing position! Trade with care We Trade Waves WTW Team Disclosure: We are part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in our analysis.
TVC:DXYShort
by WeTradeWAVES
USDCHF Perhaps the best buy opportunity in the market!The USDCHF pair is staging a strong bullish reversal following last week's 1W candle closing above the 1D MA100 (red trend-line). The reason is that every time in the past 3 years (since November 07 2022) the price broke and closed a week above that level, the pair rallied towards the 1W MA200 (orange trend-line). This time is doing so also at the back of a huge 1W RSI Bullish Divergence of Higher Lows against the prices Lower Lows since April 2025. We estimate that contact with the 1W MA200 can be achieved around $0.8800 and that is our long-term Target for USDCHF. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
DXY — London Session🧭 Market Context Dollar capped down overnight from 99.762 to 99.704 but still trades above the key bullish structure point at 99.525. The structure remains bullish overall, yet price keeps failing to break through 99.875 — the current cap. London session has filled yesterday’s balance range, leaving us in neutral territory. We’re sitting on zero deviation — meaning equal chance to push higher or rotate lower. Before taking any position, we need confirmation. 📈 Technical Frame DSM + VFA Structure stays constructive but momentum is fading. Volume shows thinning participation near 99.875 — professionals aren’t chasing. If we see clear volume conviction through that level, we likely drive higher and fill the capped zone. If price slips below 99.525, expect a liquidity sweep into the lower volume pocket near 99.40. Right now, this is observation mode — not engagement mode. 🌍 Fundamental Frame (Macro Logic) Overnight softness came from mild risk-on sentiment — Asia equities up, yields down. Still, the Fed’s tone stays restrictive, and dollar demand remains under the surface. This move looks more like positioning ahead of NFP than any real shift in trend. 🏛️ Coach’s Lens When the market sits in balance, patience becomes the edge. Professionals wait for clarity; amateurs act on hope. Bias follows structure — not emotion. 🎯 Operator Rule Confirmation defines conviction. — CORE5DAN Institutional Logic. Modern Technology. Real Freedom.
CAPITALCOM:DXY
by CORE5DAN
Why the US Dollar Dominates the Loonie?The USD/CAD pair trades near 1.4100, reflecting the US Dollar's (USD) persistent strength against the Canadian Dollar (CAD). This rally to seven-month highs stems from powerful structural and cyclical forces. We observe a widening monetary policy divergence and geopolitical uncertainty that favors the USD. Analyzing macroeconomics, fiscal policy, and trade reveals why the CAD struggles to sustain gains, despite positive Canadian data. Geopolitics and Geostrategy: North American Trade Friction Trade uncertainty directly pressures the CAD. Recent trade tensions with the US create significant CAD headwinds. Prime Minister Mark Carney apologized for an anti-tariff advertisement, but President Trump reportedly rejected resuming trade talks. This situation keeps bilateral trade risk elevated, undermining business confidence in Canada. US court proceedings over broad tariffs further inject political risk into the U.S.-Canada relationship, threatening key sectors like the auto industry. The USD functions as the global reserve safe-haven anchor. Global investors gravitate toward USD assets during times of geopolitical friction. This geostrategic function offers the USD a structural advantage over the commodity-linked CAD, reinforcing the pair's upward momentum. Macroeconomics: Diverging Rate Paths The primary driver remains the widening interest rate differential. Strong US data bolsters the Federal Reserve's (Fed) hawkish stance. US ADP Employment climbed by 42,000 in October, reversing the prior decline. ISM Services PMI also rose to 52.4, exceeding forecasts. This resilience strengthens the USD. The Fed maintains a cautious approach toward future rate cuts. CME FedWatch Tool data shows traders reduced the probability of a December Fed cut to 62% from 68%. Conversely, the Bank of Canada (BoC) has already cut its policy rate to 2.25%. Although the BoC signaled an easing cycle pause, markets focus on expected future divergence. This policy gap favors dollar-denominated assets, pushing the USD/CAD higher. Economics and Fiscal Policy Headwinds Canada's fiscal policy adds downward pressure on the CAD. The new Canadian budget projects the fiscal deficit will more than double this year. Deficit projections reach -2.5% of GDP for 2025/26 and -2.0% for 2026/27, representing material fiscal loosening. Markets interpret this spending as potentially inflationary without sufficient growth, weakening the CAD. Furthermore, the CAD remains highly sensitive to crude oil prices. West Texas Intermediate (WTI) crude trades near $\$60.00$ per barrel, declining slightly. As a major oil exporter, softer energy prices negatively impact Canada's terms of trade and export revenue, directly pressuring the Loonie. Technology and Patent Analysis: The Competitiveness Gap Structural economic factors underpin the CAD weakness. Canada faces an ongoing competitiveness gap with the US, particularly in high-tech and innovation sectors. Persistent lower productivity growth in Canada compared to the US makes the Canadian economy less appealing for long-term capital investment. The US economy demonstrates superior labor productivity growth and strong performance in advanced industries. This technology and innovation lag limits the CAD's potential for sustained appreciation. The US also benefits from acting as a "black hole" attraction for Canadian talent and intellectual property. This fundamental economic divergence provides structural support for the Greenback's long-term dominance.
Long
by the5erstrading
DXY — London SessionThe Dollar reached its 99.8 target and closed the day above it, confirming short-term strength. Price now trades stretched on the daily chart, well above its normal rhythm. As long as daily lows keep printing higher, structure holds — but with both weekly and monthly charts in correction, momentum could fade quickly. This is a day-by-day market where clarity matters more than conviction. On the technical side, DXY shows rhythm exhaustion — clear deviation from its average range. When price moves this far from balance, professionals stop chasing and wait for rhythm to reset. The key signal now is whether the next daily low holds or breaks; that decides who controls the tape. Macro conditions still support the Dollar. The Fed’s tone stays cautious on further cuts, while the U.S. government shutdown keeps data flow limited. Investors prefer safety over yield, and capital continues to park in USD for clarity and liquidity. It’s not a growth story — it’s a stability story. When a target hits, professionals re-map before acting again. The next decision comes from structure, not emotion. Operator Rule: After targets hit, think — don’t chase. - Institutional Logic. Modern Technology. Real Freedom.
CAPITALCOM:DXYLong
by CORE5DAN
USDCAD Alert! — Smart Money + Elliott Wave + Price Action + Fib🚨 USDCAD Wave C Correction Alert! According to Wave Theory Confluence , we’re likely approaching the end of Wave B (Y) around the 1.4150–1.4300 zone — aligning with the 0.5–0.618 Fibonacci retracement levels. 📉 Price is showing exhaustion near this area with signs of liquidity grab (BSL hit) and smart money distribution , suggesting potential bearish reversal setups ahead. 🔍 Expecting Wave C to unfold next, targeting deeper downside correction before the next impulsive leg resumes. 📊 Key Confluences: Elliott Wave B completion zone Smart Money liquidity sweep Bearish structure shift forming Fibonacci rejection area Fundamentals still favor short-term CAD strength 💡 Trade Idea: Watch for confirmation of bearish momentum and structure break before entering shorts toward 1.33–1.32 region. Stay sharp — Wave C could be fast and decisive! ⚡ What’s your take, traders? 🤔 Do you think Wave C is about to drop hard or will bulls surprise us again? 🐻📉🐂 Drop your analysis 👇 — let’s see who nails the next big move! 🚀 #USDCAD #ForexAnalysis #ElliottWave #SmartMoneyConcepts #PriceAction #WaveTheory #ForexTrading #SwingTrade #Fibonacci #FXForecast #TechnicalAnalysis #TradeSetup #MarketStructure #USD #CAD #ForexCommunity
Short
by fibcos
EURUSD 1M MA200 rejection kickstarted 1 year Bear Cycle.The EURUSD pair is currently on its 2nd straight red 1M candle following September's rejection near the 1M MA200 (orange trend-line). That level is of the utmost importance as since January 2018 it has kickstarted the last two major Bearish Legs of the 10-year Channel Down. Both of those legs hit at least the Channel's 0.618 Fibonacci level and on a remarkable display of symmetry, their candles that hit that level completed a -15.25% decline from their respective tops. As a result, we expect 2026 to be a new Bearish Leg that will could hit at least 1.0300 upon making contact with the 0.618 Fib. Notice also the excellent Support and Resistance Zones of the 1M RSI. The market hit the Resistance Zone on June's High and since then it's been declining on a Bearish Divergence. Both previous Channel Down tops have been priced when the 1M RSI hit and got rejected on this Resistance Zone. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
Loonie Weakens as Fed Cut Expectations Fade The Canadian dollar has been weakening against the US dollar, and signs suggest that this trend may continue as USD/CAD approaches a key level of resistance around 1.4070. This may be particularly true now that the market sees the odds of a Federal Reserve rate cut in December falling to below 70%, down from about 94% prior to last week’s FOMC meeting. The two-hour technical chart shows USD/CAD breaking out of what appears to be a bull flag, suggesting further weakness in the Canadian dollar may lie ahead. If the USD/CAD can move above the top of the flagpole, which is currently acting as resistance, it could pave the way for a move towards 1.4150. On the daily chart, the Canadian dollar is now trading firmly above its 10-day exponential moving average and appears to be showing positive momentum on the Relative Strength Index, which has been trending higher since forming a bullish divergence from early spring into mid-summer, alongside a triple bottom on the price chart. Taken together, these factors suggest that the Canadian dollar may be on course to weaken even further, potentially beyond 1.4150, with USD/CAD possibly moving back towards the 1.43 area once this move has fully unfolded. However, it should be noted that, with the US government currently shut down, there could be economic impacts that the market has not yet fully assessed. This means that if USD/CAD fails to break above 1.4070, the next significant support level may not emerge until around 1.3870. Written by Michael J. Kramer, founder of Mott Capital Management. Disclaimer: CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction, or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.
by CMC Markets
US Dollar: Still Bullish! Wait For The Pullback, Then Buy It!Welcome back to the Weekly Forex Forecast for the week of Nov. 3 - 7th. In this video, we will analyze the following FX market: USD Dollar The USD is still bullish, and buys are still valid until there is a definitive bearish BOS. There is a LQ-Low and a +OB below current prices, drawing prices to it. There, I will look for an HP trade to the upside. So short term bearishness before the continuation higher. Should the market break the low of the +OB, then buys are invalidated. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
TVC:DXYLong
by RT_Money
2
Forex: Weekly Review. Currency fundamentals The week starting Monday 27 October opened with a 'gap higher' thanks to positive US / CHINA talks. And for a few days (even without US data), everything seemed quite straightforward, the FED were about to cut interest rates, with more on the way, company earnings remain generally solid. We had a nice period of 'good old fashioned risk on trading'. With the JPY ,USD and CHF all weak. But fast forward to Wednesday's FOMC meeting and the boat was rocked by a hawkish narrative. A rate cut was delivered as expected but indications a December cut is far from certain reversed USD weakness and put the breaks on the S&P's attempt to push all time highs. To confuse matters more, we also got conflicting information from Japan. The BOJ held rates, the statement indicated another rate hike is very much on the cards. At the press conference, governor UEDA tried his best to remain dovish. But data coming out of Japan suggests a hike is required. All in all, I still view the JPY as the best short option moving forward. But in many ways, the sooner the BOJ does hike, the better. The BOC and ECB also held interest rate meetings. The ECB meeting was a non event but the BOC was interesting, a 'hawkish cut' gave the CAD some strength, the BOC has no imminent plans for extra cuts. But data coming out of Canada could test that narrative. In other news, GBP woes continue thanks to continued fiscal concerns. The upcoming BOE meeting will be interesting, a 'dovish twist' could be on the cards. Mega cap tech continues to shine, which will likely see the S&P continue to push all time highs. All in all, despite the hawkish FED narrative, there is enough positivity for me to begin the new week with my 'risk on bias' in tact. I'll be keeping a keen eye on the USD to see if the post FOMC boost continues, which could see the USD join the 'to long list' in a risk on environment. On a personal note, it was a week of two trades. Arguably, I could have placed more. But in the midst of the positivity early in the week, an AUD USD long hit profit. Thursday's AUD CHF trade stopped out before heading to the profit target, there is a strong case to say USD long would have been the better option at the time, given the freshness of 'hawkish twist narrative'. Let's see what the new week brings.
Long
by johnelfedforexblog