EURUSD - BEARISH SCENARIO 📉
As We Talked in The Previous Analysis:
The Price Broke The Support Level (1.07431 - 1.06950) .
At The Moment, The Price Has Pulled Back to This Key Level Which Has Become The resistance Level.
So, Let's Expect The Bearish Scenario:
If The Market Breaks and Closes Below The Higher Low (1.06780 - 1.07245).
We Will See a Bearish Move📉
TARGET: 1.05755🎯
Dollar
UJLike GJ, I am staying very far away.
WEEKLY
We are currently testing with a hanging man, which is usually a reversal candlestick, so we will keep waiting for it to complete as it can change.
DAILY
This is the highest price UJ has ever crossed in its history, which indicates the strength of the dollar to the Yen. Which is why we can watch as well what the DXY is doing as this is the index to give us ideas of where the market is going.
4H
We have been in an ascending channel, this is only the second touch of the touch of the channel so we cannot assume yet that there will be a drop. If we get an override through pattern confirmation or candlestick confirmation then we could look for shorts. We are in an expanding channel within an ascending channel, so we could actually just be continuing to the upside and we are mid-range so it's not best to do anything.
1H
Just stay watching.
GBPUSD - Short Signal from 1.26GBPUSD H4
This chart highlights the H4 trend edging towards our sell zone price of 1.26. There are several confluences converging at this price level, bolstering our anticipation of a reversal and a resurgence in dollar strength.
We've taken proactive measures by setting alerts and now await developments with patience. This forthcoming bullish extension could be the catalyst we've been waiting for. Stay tuned for further updates
Japanese Yen likely reaching a bottom, short term at leastLots of talk about the #Dollar & #Yen as of the last day.
US #Dolalr ( TVC:DXY ) has done well for some time.
VS
We've spoken on Japan a few times over the last year, has been the opposite.
Daily shows that this trade is exhausting SHORT TERM! Look at that volume!
Likely Japanese govt is intervening!
BIG SHORT XAUUSD DON'T MISS ITWhy might Gold prices decline?
Persistent Inflation: When prices exhibit stickiness, it means they don't adjust swiftly to changes in supply, demand, or the overall economy. If inflation remains high despite efforts by the Federal Reserve (the Fed) to manage it through interest rate adjustments, this scenario is termed sticky inflation.
Federal Reserve and Interest Rates: Typically, the Federal Reserve cuts interest rates to bolster economic activity or counter economic downturns. Initially, in response to high inflation, the Fed might lower interest rates to spur borrowing and spending, thus stimulating economic growth. However, if inflation remains stubbornly high or continues to climb, the Fed might pause or reverse its rate-cutting measures to curb further inflationary pressures.
Impact on Gold Prices: Gold is often seen as a hedge against inflation. As inflation increases, investors may turn to gold as a store of value since it tends to preserve purchasing power better than fiat currencies during inflationary periods. Yet, if the Fed stops cutting rates due to sticky inflation, it could suggest a potential economic slowdown or a tightening of monetary policy, potentially easing inflationary pressures in the long run.
Market Sentiment and Expectations: If investors believe that the Fed's decision to halt rate cuts will effectively address sticky inflation and stabilize the economy, it could shift market sentiment. Investors may become less worried about inflation and less inclined to hold onto gold as a hedge. Consequently, this reduced demand for gold could lead to a decline in its price.
In summary, if sticky inflation prompts the Fed to pause rate cuts, it could mitigate inflationary pressures and potentially diminish the attractiveness of gold as a safe haven asset, causing its price to decline. However, market dynamics are intricate and influenced by various factors beyond inflation and interest rate policies.
Let us know what you think? make sure to leave a like :)
Greetings,
Zila
USDJPY: Why It Dropped? 🇺🇸🇯🇵
This morning, USDJPY dropped by more than 500 pips this morning.
If you are looking for a reason why it happened,
remember that historical structure always leaves clues.
The price perfectly respected a historic structure of 1990th.
Today, we see a perfect example how important are historical levels,
and how the market remembers the things that happened more than 30 years ago.
Learn key levels because that is the key for successful trading.
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EURUSD - Long Trade IdeaHello folks,
I am generally bearish on EURUSD at the moment, and I am still waiting for lower prices, but we could see more bullish momentum first. The logic behind this is of course to lure more bullish traders into the market, but I also do not see any significantly high impact news yet.
However, if you see my other analysis, I am looking for a monthly close below the Monthly iFVG in order to be used as resistance, as mentioned in my previous analysis. That being said, take this trade idea as less than a A+ setup. Most of the probability of this trade lies price being at a ranged Discount, and in the efficacy of my R2F Gap coupled with a possible London Judas Swing.
Safe trading!
- R2F
Will It Hold?Traders,
We are right on track with literally everything as discussed in previous chart updates and videos. No surprises this week, thus, the short weekend update video. The only new development is that Bitcoin is testing our ever-important multi-year trendline yet again. Will the bulls win this tug of war or will the bears finally find the strength to pull price across and to the downside?
Let’s talk about that.
USDJPY: Key Resistance Ahead 🇺🇸🇯🇵
This bullish rally on USDJPY is absolutely crazy.
This week, we saw an exceptional growth.
Analyzing the historical price action, I see
2 significant resistances ahead:
160.0 - 160.5 is the resistance based on a price action of 1990th.
164.1 - 164.5 is the resistance based on a price action of 1986th.
I believe that we may see a bearish reaction from one of those structures
and the price will stop growing there.
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GOLD BIG SHORT STICKY INFLATIONWhy would Gold prices go down?
Sticky Inflation: Sticky inflation refers to a situation where prices do not adjust quickly to changes in supply and demand or changes in the broader economy. In this context, if inflation remains persistently high despite efforts by the Federal Reserve (the Fed) to control it through interest rate adjustments, it could be considered sticky inflation.
Federal Reserve and Rate Cuts: Typically, the Federal Reserve implements rate cuts to stimulate economic growth or to combat economic downturns. When inflation is high, the Fed may initially respond by cutting interest rates to encourage borrowing and spending, thus stimulating economic activity. However, if inflation remains stubbornly high or continues to rise, the Fed might halt or even reverse its rate-cutting measures to prevent further inflationary pressures.
Impact on Gold Prices: Gold is often considered a hedge against inflation. When inflation rises, investors may flock to gold as a store of value since it tends to retain its purchasing power better than fiat currencies during inflationary periods. However, if the Fed halts rate cuts due to sticky inflation, it could signal a potential slowdown in economic growth or a tightening of monetary policy, which might reduce inflationary pressures in the long term.
Expectations and Market Dynamics: If investors perceive that the Fed's decision to halt rate cuts will effectively address sticky inflation and stabilize the economy, it could lead to a shift in market sentiment. Investors may become less concerned about inflation and less inclined to hold onto gold as a hedge. Consequently, this could lead to a decrease in demand for gold, causing its price to drop.
In summary, if sticky inflation prompts the Fed to halt rate cuts, it could alleviate inflationary pressures and potentially reduce the appeal of gold as a safe haven asset, leading to a drop in gold prices. However, market reactions can be complex and influenced by various factors beyond just inflation and interest rate policies.
Lets' see how the PCE affects DXY TodayTVC:DXY EASYMARKETS:USXUSD EASYMARKETS:EURUSD EASYMARKETS:USDJPY
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Demand for the dollar picking up?The DXY has made a bullish reaction off the pivot and could potentially bounce higher towards the 1st resistance.
Pivot: 105.52
1st Support: 105.08
1st Resistance: 106.29
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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.
NZDUSD - Short Trade Idea (ICT)Hello hello everyone,
I see a potentially nice trade forming on NZDUSD. A possible 500+ pips to be had as a swing position.
As you can see, my bias is bearish. I believe we will target the Relative Equal Lows below. I would have to see price start to move lower in the general vicinity of the illustrated path lines. If I don't get an entry in that area, then I would be keen to take one at the Bisi 2W R2F gap should we get a 2W close below it and then a retracement back into it.
Let's see how it goes!
- R2F
USDCHF: Waiting For Breakout 🇺🇸🇨🇭 ]
USDCHF is trading in a strong bullish trend on a daily.
The price is currently testing a key horizontal resistance.
I am waiting for its breakout - a daily candle close above, to buy.
Bullish violation of the underlined blue are will give us a strong bullish signal
that will push the prices at least to 0.92 level
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