GBPCAD Price will most likely take out the Eql. tap into the DZ. collect Liquidity and continue its upward direction.Longby NwanduFX1
CADCHFEntry point :- 0.65001 Stop lose :- 0.64397 Risk :- 0.50% Target 1 :- 0.6560 Target 2 :- 0.6621Longby TURTLETRADER3131
EURAUD BUYLooking for a long on EURAUD Expecting more long term move on the pair as far as the technical and fundamental is concernLongby ometacharles114
Bearish continuationAfter the mitigation of daily internal supply zone 4hr has shifted its structure to bearish so expectation of bearish trend cont. from the new supply zone.Shortby fxtrends280
Trading Signal For GBPUSD Forex Trading Setup: There is a Trading Signal to Sell in GBPUSD Currency Pair. Traders can open their Sell Trades NOW ⬇️Sell Now or Sell on 1.2733 ⭕️SL@ 1.2741 🔵TP1@ 1.2710 🔵TP2@ 1.2701 🔵TP3@ 1.2656 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments .Shortby pullbacksignalUpdated 6
BoE Rate Decision: Pound's Fate Hangs in the Balance – Rally or With the Bank of England's (BoE) interest rate decision on the horizon, let's examine recent developments in GBPUSD, primarily through the lens of fundamental analysis. Chart analysis reveals that recent GBPUSD fluctuations have been largely influenced by the US dollar's strength, fueled by the Fed's increasingly hawkish stance. Although a September rate cut by the Fed is still widely anticipated, recent commentary and revised dot plot projections suggest a more cautious approach, bolstering the dollar's bullish momentum. US Dollar Strength: Not Just About Rate Cuts The US dollar's resilience, despite the expected rate cut, can be attributed to several factors. The September cut was already priced into the market, and the Fed's surprisingly hawkish tone has prompted a reassessment of the likelihood of further easing. Until clear signs of cooling inflation and a looser labor market emerge in the US, the dollar's upward trajectory is likely to persist. The CME FedWatch Tool, which forecasts rate movements based on fed funds futures trading data, currently shows a higher probability of a rate cut in September than before the recent CPI data release. This suggests that the market is still weighing the Fed's intentions carefully. UK Inflation on Target: A Dovish BoE Unlikely Yesterday's UK inflation data, which met the BoE's 2% target, might not lead to an immediate shift towards a dovish monetary policy. Market consensus anticipates a rate hold at 5.25% in today's BoE meeting (most analysts and economists predict the first rate cut to occur in August). However, the BoE's forward guidance will be critical. Hawkish commentary regarding inflation, robust wage growth, or a tight labor market could temporarily strengthen the pound. Short-Term & Mid-Term Outlook: A Bullish Pound Faces Headwinds In the short term, a hawkish BoE could potentially drive GBPUSD back towards the 1.28 level. However, a sustained bullish momentum is unlikely, with a mid-term target of 1.26 seeming more plausible. This is because even with a hawkish stance, the UK's inflation and labor market appear better positioned for easing compared to the US, suggesting the BoE may be forced to adopt a dovish stance sooner than the Fed. by HeloMarkets3
Forecast 20/06/24 Daily forecast of main pairs on watch All views are strictly ideas and not financial advice23:41by Segura_Capital0
AUDUSD Short Term Buy IdeaD1 - Double trend line breakout No opposite signs Expecting the price to continue higher further in the short term H4 - Currently the price is moving inside a range A valid breakout above the top of the range would be the validation for this bullish view. Alternatively if we get a valid breakout below the bottom of this range then this bullish view will be invalidated.Longby VladimirRibakov3
NZDUSD → Local trend change? Moving down ↓ ?OANDA:NZDUSD breaks trend support amid a strong dollar. The currency pair could move to the downside if the bears hold the resistance area on their count. On the daily timeframe, the currency pair is inside the sideways channel, but at the same time breaks the ascending support line. Thus, the market is starting to look towards 0.6084 support as an area of interest. The US market has a day off today, so the volatility may be low, but nevertheless we have prerequisites for the beginning of the downward movement. If the bears keep the price below 0.6150-0.6140, the market may enter the phase of downward movement and head towards such targets as: 0.6083, 0.6000. Resistance levels: 0.6140, 0.6170, 0.6215 Support levels: 0.6083, 0.6000 At the moment the market is struggling for the area of 0.6140. Consolidation below the level or the beginning of the impulse to the support will confirm that the bears are holding the market, then we will have to wait for the achievement of the goals. Regards R. Linda!Shortby RLindaUpdated 2220
Long EURGBPsetup inverted head shoulder, i expect today BOE will cut rates, will buy before the news if the price didnt reach my targeted entry order..Longby merzneoneo2
CADJPY Sell from the current levelHi Traders, I see a good RR in CADJPY at this current level. Normally, I aim for a 1:2 Risk to Reward, but I see a potential opportunity in this pair currently and will be going to BE at 1:2.Shortby Pondy_TradersUpdated 221
EURAUDEURAUD is now inside descending channel targting area 1.5550 / 1.5450 as long term target but need to see how it will interactive with area 1.61 / 1.6030 Shortby Ehab_AliUpdated 0
USDJPY Trading RecommendationInstrument: USD/JPY Position: Sell Entry: 158.430 1st Target: 156.580 2nd Target: 154.760 Stop Loss: 159.200 Rationale: The USD/JPY pair is exhibiting signs of a bearish trend, with recent price action indicating a potential downward movement. Entry: The entry point for this sell position is set at 158.430, reflecting a strategic point where downward momentum is likely to accelerate. Targets: Our primary target stands at 156.580, representing a significant support level where we anticipate a notable price reaction. The secondary target is positioned at 154.760, indicating a deeper retracement and further potential profit-taking opportunity. Stop Loss: To manage risk effectively, a stop loss is placed at 159.200, just above the anticipated resistance level. This ensures a controlled exit in case of unexpected market movements. Disclaimer: Trading involves inherent risks, and this recommendation should be considered alongside individual risk tolerance and market analysis. It is advisable to use proper risk management techniques, including the use of stop-loss orders, to mitigate potential losses.Shortby GODOCM10
GBPUSD Price Target Reached. What next?Price retraced to the expected lever as shown in the below reference published chart. It will be interesting to see now, whether the price follows Scenario 1 (bullish) or Scenario 2 (bearish). Below mentioned news events will determine the path: 1. BOE rate decision (20th June) 2. US Initial jobless claims/manufacturing data (20th June) 3. UK Retail Sales (21st June) 4. UK PMI's (21st June) 5. US PMI (21st June) I'm still on my long from 1.26647 and have moved my stop loss into positive. Longby nikhil6121
EURAUD - NEW BEARISH MOVE Hello Traders ! After a huge bearish move, The EURAUD price broke the support level (1.61290 - 1.62182). Support becomes a new resistance level ! So, I expect a new bearish move📉 ___________ TARGET: 1.59200🎯Shortby Hsan_Benhmed558
USDCHF Corrected! DOWN to .8700 Range!!Here I have USD/CHF on the Daily Chart! After USD/CHF finished its Impulse Wave May 1st with a High @ .92242 we see based on the Low or Point A @ .89879 followed by a LOWER HIGH or Point B @ .91587 .. We are given all the Ingredients for a CORRECTION WAVE!! Now based on the break of the NEW LOWER LOW @ .88809, using the Fibonacci Retracement Tool, we see price has made a perfect 61.8% Retracement!!! On the initial Touch of 61.8% I took Sell Entries but we will certainly see this pair FALL!!! Range Target is ( .87748 - .86842 ) Shortby Novi_FibonacciUpdated 4415
EURUSD Sell OpportunityThe EURUSD pair presents an enticing sell opportunity at the current price of 1.07350, with favorable potential for profit. Targets: Primary Target: 1.06900 Secondary Target: 1.06660 Breakout Scenario: In the event of a breach above the resistance level of 1.007626, indicative of a bullish breakout, the target price is anticipated to ascend towards 1.0800 Technical analysis indicates a notable selling sentiment prevailing in the market at the present price level. Fundamental factors align with the proposed sell strategy, suggesting downward pressure on the Silver pair. Prudent risk management measures should be employed to mitigate exposure to potential adverse market movements. Disclaimer: This analysis is provided based on current market conditions and historical price data. Traders are advised to conduct independent research and exercise caution, employing appropriate risk management techniques, before executing any trading decisions.Shortby GODOCM113
Lingrid | EURGBP bearish TREND. ShortThe price perfectly fulfilled my last idea. It hit the target. FX:EURGBP is currently trading within a descending channel, and after testing the support level and making an impulse leg down, the price has pulled back towards the resistance zone and trendline. I believe that given the bearish major trend on the daily timeframe, it's likely that the market will continue to move downward. The price is currently near the resistance zone and trendline, which suggests that it may struggle to break through these levels and maintain its downward momentum. My goal is to support at 0.84200 Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩💻 Shortby Lingrid5510
CHFJPY - BUY - It's Not Gona Stop + 80 pips Today, June 20, 2024, the Swiss National Bank (SNB) announced a reduction in its policy interest rate from 1.50% to 1.25%. This decision reflects concerns about slowing economic growth and inflation pressures. The rate cut is intended to stimulate economic activity by making borrowing cheaper, which can boost spending and investment. Key points regarding the SNB's rate cut: Economic Growth Concerns: The SNB's decision to lower rates indicates ongoing concerns about the Swiss economy's growth prospects. Lower interest rates are designed to encourage borrowing and investment, which can help boost economic activity. Inflation Management: The rate cut also aims to address inflation dynamics. By reducing interest rates, the SNB hopes to counteract deflationary pressures and ensure inflation remains within the target range. Currency Impact: The rate cut is likely to weaken the Swiss franc, making Swiss exports more competitive. A weaker currency can help boost the export sector, which is a significant part of the Swiss economy. Global Context: This move aligns with actions taken by other central banks facing similar economic challenges. Lowering rates is a common monetary policy tool used to stimulate growth and manage inflation. Return to previous Level 90% S/R Long Tern Daily Monthgly since 2020 - UP For more details, you can check the SNB's official announcement and Investing.com analysis. Longby NZ_Shareman2
SNB rate policy shift - don't be fooledThe SNB has decided to cut the interest rate by 25bps from 1.5% to 1.25%. This immediately sent the Swiss Franc lower and thus, sent the USDCHF higher. However, this is likely a short term move. Hedge funds are still net short from higher levels since March 2024. It will take a long time and more policy meetings for the USDCHF to start a long term uptrend. Short term, the USDCHF may go up slightly more, and then by sometime next week, should continue on its downward trajectory once again. My algorithms still suggest net short on USDCHF. Shortby ToshihiroHiramatsu1
AUD JPY- Short Set UpLooks like a extended rally. Will look to short at the break of 105.320. Have my sell stop / entry at 105.320 Entry - 105.320 Stoploss - 105.641 tp-1 - 104.999 tp-2 - 104.678 #Trading #Technical #Crypto #Stocks #commodities Shortby BullBearBTC10
EURAUD Swing longEA has completed an ABC correction on D1. Completed trend break, rsi divergence, and sl hunt. Expecting a major move from hereLongby Chathifriends229
EURNZD | 2H SETUPThe market is clearly attempting a recovery in this price structure with the i-BoS. If the price returns to the institutional support just below between 1.745 and 1.740, it would be interesting to consider the possibility of a rebound or a rise. If you like the post, like and subscribe to the pageLongby InfiniteY8