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Cleartradingmind

AUD/CAD’s Breakout Watch: Targeting 0.91431 & 0.91822 AUD/CAD has been consolidating beneath the 0.90900 resistance—also forming a “double top” region on the chart. A solid break above 0.90900 could confirm a bullish breakout, supported by rising trendline structure and Fibonacci retracements (notably around 0.9058–0.9025). If buyers sustain momentum above this breakout zone, look for a move toward Expect Level 1 at 0.91431 (1.618 Fib extension), and potentially Expect Level 2 at 0.91822 (2.0 Fib extension). Should price fail to hold the breakout, however, the broader downtrend and consolidation could resume.
Long
by ClearTradingMind
NZD/USD’s Expanding Triangle Upside: Targeting 0.5728 & 0.5767 NZD/USD appears to be rebounding from the lower boundary of an expanding triangle, indicating a potential bullish continuation. A sustained push above the 0.5650 “reverse level” could drive the pair toward Expect Level 1 (0.5728) and, if momentum persists, Expect Level 2 (0.5767). As long as price holds above the failed-support zone and maintains its upward structure, buyers are likely to keep control, aiming for these key Fibonacci-based targets.
Long
by ClearTradingMind
EUR/USD Bearish Trigger: 1.0400 Break Targets 1.0323 & 1.0270 EUR/USD is hovering around the 1.0400 support—a key level also marking the lower boundary of its recent flat zone. A definitive break below this threshold could trigger a downside continuation, exposing Expect Level 1 (1.0323) and potentially Expect Level 2 (1.0270). Strong resistance near 1.0530 remains intact, reinforcing the bearish bias. As long as price remains below the broken trendline and fails to reclaim the flat-zone highs, sellers appear poised to drive the pair toward these lower Fibonacci-based targets.
Short
by ClearTradingMind
GBP/NZD’s Bullish Rounding Breakout: Targeting 2.2144 & 2.2202The pair appears to be forming a rounded bottom, suggesting a potential bullish continuation. After basing near the 2.1900–2.1950 zone, price has reclaimed key Fibonacci levels (38.2% and 50% retracements), indicating strong buying interest. A sustained break above the 0.786 Fib around 2.2039 sets the stage for an advance toward Expect Level 1 (2.2144) and eventually Expect Level 2 (2.2202). If buyers hold above these Fib supports, the bullish momentum is likely to continue, reinforcing the upside targets on the chart.
Long
by ClearTradingMind
GBP/JPY: Bearish Setup to Expect Levels From the recent price action on the GBP/JPY 1H chart, the pair has shown signs of exhaustion after a corrective pullback into key Fibonacci retracement levels. The latest upswing appears to have found resistance around the 0.786 Fibonacci level (near 191.60–192.00), which suggests limited upside momentum. - Bearish Momentum: The RSI is rolling over from overbought conditions on lower time frames, hinting that sellers are stepping back in. - Fibonacci Confluence: The identified Expect Level 1 (~190.29) and Expect Level 2 (~189.73) coincide with Fibonacci extension targets—an indication that these levels could see a reaction or bounce. - Price Structure: The broader trend on the 1H chart remains to the downside, with lower highs forming since the pair topped earlier in the week. A retest of the 0.786 fib area has fueled sellers to push price lower again. Expectation - A potential breakdown toward 190.29 (Expect Level 1) is likely if the current corrective bounce fails below 192.00. - Further bearish follow-through could drive price down to 189.73 (Expect Level 2), aligning with Fibonacci extensions and support levels.
Short
by ClearTradingMind
AUD/CAD Bearish Sentiment: 0.9240 Key Support Under PressureAUD/CAD remains in a bearish trend, with 0.9240 as a key support level, repeatedly tested and holding strong. The bearish sentiment is driven by contrasting central bank approaches: the Reserve Bank of Australia’s dovish stance aims to support economic recovery, while the Bank of Canada signals potential rate hikes amid stronger economic growth and rising inflation. This divergence in monetary policy strengthens CAD relative to AUD, reinforcing downside pressure on AUD/CAD toward the 0.9240 support level.
Short
by ClearTradingMind
Crude Oil Alert: Potential Price Drop if $66.40 Support BreaksTechnical Analysis: Bearish Indicators for Crude Oil On the 4-hour chart, crude oil has formed a Head and Shoulders pattern, a classic reversal signal indicating potential downward movement. The neckline is established at $66.40 per barrel. A decisive break below this level could trigger further declines, potentially leading to a significant drop in oil prices. Fundamental Factors Reinforcing the Bearish Outlook OPEC's Demand Forecast Reduction: OPEC has revised its global oil demand growth forecasts for 2024 and 2025, citing economic weaknesses in China and India. This marks the fourth consecutive downgrade for 2024, with demand now expected to rise by 1.82 million barrels per day (bpd), down from the previous forecast of 1.93 million bpd. Saudi Arabia's Reduced Supply to China: Saudi Arabia plans to decrease its crude oil supply to China in December to approximately 36.5 million barrels, the lowest since July, due to weakened demand from the world's largest importer. Saudi Aramco's Profit Decline: Saudi Aramco reported a drop in third-quarter profit to $27.56 billion from $32.58 billion a year earlier, attributed to lower oil prices and weak refining margins.
TVC:USOIL
by ClearTradingMind
GBP/CHF Surges as Bank of England Hikes Rates, Eyes 1.14000 Targ Following the Bank of England's decision to raise the Official Bank Rate from 4.75% to 5.00%, GBP/CHF is expected to see bullish momentum. The rate hike reflects a more hawkish stance from the BoE, which could attract investors to the Pound, strengthening it against the Swiss Franc. With this upward pressure, GBP/CHF may continue its bullish trend, targeting the 1.14000 level as a potential resistance. Traders should monitor any follow-up commentary from the BoE for further confirmation of this upward movement.
Long
by ClearTradingMind
USD/CHF Dips: Targeting 0.85735 on Bearish Momentum!The USD/CHF pair is currently experiencing a bearish trend, influenced by recent economic data and broader market sentiment. The ADP Non-Farm Employment Change reported lower-than-expected growth, which signals a potential slowdown in the U.S. economy, adding to the downward pressure on the USD. With an anticipated target level around 0.85735, the pair shows further downside potential if bearish momentum continues. The upcoming U.S. Presidential election and recent economic indicators have increased market caution, impacting USD strength as investors wait for clearer signals regarding future policy direction. In addition, traders should monitor upcoming U.S. data releases, as any surprises may either reinforce or counter the current trend. If no significant support emerges from upcoming data, USD/CHF is likely to continue its downward trajectory towards the expected level at 0.85735.
Short
by ClearTradingMind
1
GBP/CAD Bearish Breakout Expected from RangeGBP/CAD is expected to break out to the downside after a period of ranging market conditions. Despite multiple market data releases, the pair remained unaffected and has shown a consolidation pattern. I believe the ranging phase is over, and GBP/CAD is now beginning a bearish trend. The first target for this move is 1.76450 , with potential for further downside Currently, the RSI is below the oversold level, indicating a possible correction before the breakout continues. I plan to add some positions at this point, and if the RSI impulsively moves up to the 50 level, I will add more positions. Best of luck with this bearish trade!
Short
by ClearTradingMind
USD/CHF Poised for Bullish Break on Strong US DataThe USD/CHF pair is currently consolidating as it hovers between key support (0.84) and resistance (0.8550). The pair reflects the safe-haven nature of both currencies, leading to choppy price action. Upcoming US economic data, including the ISM Non-Manufacturing PMI, will play a pivotal role in determining the pair's next move. If US data shows strength, expect the USD to gain further momentum. Conversely, weak data may pressure the USD and strengthen the CHF, leading to potential downward movement.
Long
by ClearTradingMind
AUD/CHF Targets 0.5820 as Bulls Regain Control!The outlook for AUD/CHF leans bullish, as the pair trades within an ascending channel and recently found support near 0.5750-0.5770. This level has held firm, signaling strong buying interest. The rebound aligns with an improving RSI, hinting at a possible shift towards higher prices. The divergence in central bank policies adds to the potential for an upward move. While the RBA maintains a steady rate at 4.35%, the SNB might adopt a more dovish approach, making the AUD relatively more attractive. Any recovery in commodity demand or risk sentiment could further support the Australian dollar. If the pair breaks above 0.5795, 0.5820 is expected, aligning with the upper trendline of the channel, signaling continuation of the bullish momentum.
by ClearTradingMind
1
EUR/JPY Eyes 164.80 Amid Bullish MomentumThe EUR/JPY pair exhibits a strong bullish trend, with prospects of reaching the 164.80 level soon. Recent movements reflect a recovery fueled by the divergence between the Eurozone and Japan's monetary policies. The European Central Bank (ECB) maintains higher interest rates, while the Bank of Japan (BOJ) continues a cautious approach to normalization, leading to a weaker yen. A break above 163 signals bullish momentum, possibly extending to 164.50-164.80 if supported by favorable eurozone data or dovish BOJ commentary. Caution is needed for potential resistance challenges. Technical Factors: - Key Resistance Levels: 163.00, 164.80 - Key Support Levels: 162.00, 161.50
Long
by ClearTradingMind
USD/CAD Bullish Trend Hinges on ISM DataThe current USD/CAD outlook remains cautiously bullish, but the upcoming ISM Non-Manufacturing PMI data will play a critical role in shaping the pair's next move. Positive Factors for USD/CAD: Strong US Data: The recent ISM Manufacturing PMI was strong, indicating resilience in the US economy. If the Non-Manufacturing PMI also shows growth, particularly in the services sector (a large part of the US economy), it would further strengthen the USD, pushing USD/CAD higher. Hawkish Fed Outlook: The Federal Reserve has indicated it may keep rates elevated for a longer period if inflation remains a concern. Any robust economic data like a positive ISM print would reinforce this outlook, making USD more attractive to investors and pushing USD/CAD upwards​ Potential for a Bearish Turn (Bullish for CAD): Weaker ADP Employment Report: The ADP Employment report showed weaker-than-expected job growth, which could signal a slowdown in the US labor market. If the ISM Non-Manufacturing PMI data follows a similar pattern with weaker-than-expected numbers, it may lead to a bearish correction in USD. A softer labor market will reduce the pressure on the Fed to keep rates high, weakening the USD​. Oil Prices: CAD is closely linked to oil prices, and any upward movement in oil can strengthen the Canadian dollar. If ISM data disappoints and leads to a weaker USD, combined with rising oil prices, USD/CAD could see more downside​. What's Next ? ----------------- While the current technical and fundamental indicators lean toward a bullish trend for USD/CAD, the upcoming ISM Non-Manufacturing data will be crucial. If the data surprises to the downside, it could trigger a bearish USD correction, allowing CAD to gain strength. On the flip side, strong ISM data would likely reinforce the bullish USD/CAD trend. Traders should be prepared for volatility based on this key economic release.
Long
by ClearTradingMind