Forex-analysis
Usd clearly break up, could pullback this weekHello fellow traders , my regular and new friends!
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On the backdrop of the CPI data hinting that inflation is still hot, FED kicked the interest cut ball lower down the street ( later than Jun, i believe). Therefore the strength in USD i guess.
Majors capitulated. Watch for some bounce if u want to long pairs like EU GU for a quick run. But likely overall is a short majors for me ( e.g. EU GU)
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Gold continues upward in anticipation of the Fed's rate cutThe price of gold is soaring towards the nearly 2390 mark, with expectations that the Federal Reserve will cut interest rates this year.
From a technical perspective, on the 1-hour chart, the upward trend of gold prices remains strong and stable. Gold prices are maintaining above the Simple Moving Average (SMA) lines, suggesting that the upward trend may continue in the foreseeable future.
However, the Relative Strength Index (RSI) indicates that the market is overbought, which could lead to a correction phase before gold prices resume their upward trajectory.
Analyzing GBP/USD: Price Continues Downward TrendIn Wednesday's US trading session, the GBP/USD pair plunged to a two-month low at 1.2520 after the release of CPI inflation data. This increased selling pressure and raised concerns about the UK's economy and monetary policy.
Despite some signs of short-term adjustment, GBP/USD continues its downward trend, as evidenced by prices declining towards the Simple Moving Averages (SMA).
Furthermore, the Relative Strength Index (RSI) saw a higher increase during the European trading session, but it still remains below 40, indicating strong selling pressure. A minor short-term adjustment and rally are expected, but it is not strong enough to change the downward trend of this currency pair.
USDCAD - Analysis using ICT ConceptsEverything was pretty much said in the video.
Basically price reached a higher timeframe Premium Array on the 3D chart, so now I have the expectation of lower prices based on the lower timeframe Premium Arrays, specifically a 2h Sibi.
Today is CPI, so anything can happen. Price can always go above and beyond what is ordinary in such events.
- R2F
USDCAD SELL | Idea Trading AnalysisHello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDCAD
I still did my best and this is the most likely count for me at the moment.
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Analyzing USD/JPY: Recent Trends and Future OutlookOver the past two weeks, the USD/JPY currency pair has experienced relatively little volatility, maintaining a stable level. However, notable is the robust growth of the US Dollar (USD), which has propelled the USD/JPY pair to recover from lower price levels and reach below the 151.00 threshold.
Meanwhile, technical indicators such as the Relative Strength Index (RSI) and Simple Moving Average (SMA) continue to indicate an upward trend for USD/JPY. If prices continue to rise and approach the 152.00 mark, there may be a correction before this currency pair transitions into a stronger upward trend.
Furthermore, investors and traders should consider market factors such as news, economic-political developments, and price fluctuations to achieve desired trading outcomes. Keeping a close eye on these factors will enable you to make informed decisions and navigate the market effectively.
EurCad Looking for shorts on pullbackTradingview Ideas:
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GbpNzd a pullback for long?Tradingview Ideas:
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Watch out for the pair to go long, extended pair, but structurally still for me to go on long unless something changes
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Usd index still bullish with it, watching for more upsideTradingview Ideas:
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As mentioned in my streaming, i mentioned that usd has no major change in its price structure, likely more upside and bias to long for the majors.
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Gbpaud play the range on daily,h4 Hello fellow traders , my regular and new friends!
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Likely just gonna play along with this range formed on higher timeframe.
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Usdchf, might expect some pullback..ButHello fellow traders , my regular and new friends!
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But in general for Usdchf i am looking to long
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EurNzd to move higher?ello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Last week i mentioned about GbpNzd, took quite some time for the breakup. small rangy moves over the last week for both EurNzd and GbpNzd. the wait was over on thurs.
Can see more upside..prefer to have some pullbacks to long. Shall watch.
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Felt weakness in GbpChf..lets see..ello fellow traders , my regular and new friends!
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Watching for this sideway on h4 to breakout...lets see...
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UJ could have a little upside more,note BOJ and FED ratesHello fellow traders , my regular and new friends!
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This week gonna be a hectic week for most of the majors with the interest rate news. There are levels to watch on UJ and catch up with me on my streaming to hear me out on deeper analysis!
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Approaching 103.80 and downtrendline...take note..ello fellow traders , my regular and new friends!
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Usd did what it should be last week to hold and break higher.
After a week of pullback is it on track to go down again?no crystal ball here..but will watch the price action and the avalanche of high impact news coming this coming wee!
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Usdjpy 4 down candles and counting..likely bounce 146?Hello fellow traders , my regular and new friends!
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Potential bounce at 146 zone, do check that area out. If bounce it coming, could be better to watch jpy crosses like gbpjpy or audjpy as well for longs.
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Gbpchf pretty extended, long with careHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Still looking to long but long with care...
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Audchf somemore upside?Hello fellow traders , my regular and new friends!
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pullback could be in place but likely to look more to the upside and taking longs on pullbacks
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Heavy on the AUDNZD as well,watch for lower timeframeHello fellow traders , my regular and new friends!
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Watch out Audnzd for a turn. :)
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USDJPY: At ConsolidationThe USDJPY pair is currently holding at 150.6, showing signs of consolidation in the 4-hour chart. A tight trading range is evident, with the Bollinger Bands slightly contracting, suggesting a period of low volatility. The pair is trading just above the Simple Moving Average (SMA) at 150.354, which could act as a pivot point for future price movements.
From an oscillators perspective, the RSI is moderately bullish at 62.86, signaling that there could be more room for upside before the pair hits overbought territory. Additionally, the MACD histogram is positive, and the MACD line has crossed above the signal line, indicating increasing bullish momentum.
Volume stands at 6.807K, confirming a decent level of trading activity. However, traders will need to watch for a breakout from the current range for a clearer directional bias. A sustained move above the upper Bollinger Band at 150.631 could open the door for further bullish momentum, potentially targeting higher resistance levels. Conversely, a dip below the SMA and lower Bollinger Band at 149.809 may signal a bearish shift, with traders then looking for support targets below.