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TradeCityPro | EURAUD Analysis Buyers in Control👋 Welcome to TradeCityPro Channel! Let’s step outside the crypto space to analyze the EURAUD entry triggers for the coming week, examining both technical and fundamental aspects. 🌍 Fundamental Overview The EURAUD pair highlights the ongoing divergence between the Eurozone and Australian economic conditions. The ECB’s hawkish stance, supported by persistent inflation, strengthens the Euro, while the RBA’s dovish policies amid cooling inflation and a softening housing market weigh on the Australian Dollar. Additionally, Australia’s dependence on Chinese demand for commodities has created vulnerabilities due to China’s weaker-than-expected industrial growth. Geopolitical tensions, such as the Middle East conflicts, have supported the Euro, reinforcing its stability as a safe-haven currency. In contrast, Australia’s economic slowdown and labor market weakness are adding pressure on the AUD. The balance may shift as Europe's energy prices stabilize and China introduces economic stimulus measures. 🕒 4-Hour Time Frame On the 4-hour chart, buyer momentum is evident, particularly as the pair rebounded strongly from the 1.63584 support level after rejecting the 1.65469 resistance twice. This renewed bullish strength signals active buyers in the market. 📈 Long Position Trigger The 1.65469 level remains a strong trigger for a long position. Breaking above this resistance with volume could target the 1.684 zone, supported by RSI confirmation at 69.96. 📉 Short Position Trigger Despite the bullish momentum, a failed breakout or lower high near resistance could set up a short opportunity. A more reliable entry would be a breakdown of the 1.6358 support and trendline, targeting the 1.6016 level for a pullback. The pair’s trajectory will likely depend on macroeconomic developments and shifting risk sentiment in the week ahead. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
6
#CADJPY 4HCADJPY 4-Hour Analysis The CADJPY pair has broken out above a key trendline resistance on the 4-hour chart, indicating a potential shift in momentum to the upside. Additionally, the presence of a buy engulfing candlestick in the breakout area reinforces the bullish sentiment, providing a strong buy opportunity. Technical Outlook: Pattern: Breakout Trendline Resistance and Buy Engulfing Area Forecast: Bullish (Buy Opportunity) Entry Strategy: Enter a buy position following the breakout, confirming with bullish price action signals such as sustained trading above the breakout level or further bullish candlesticks. Traders should monitor indicators like RSI and MACD for confirmation of continued upward momentum. Risk management is crucial, with stop-loss orders placed below the breakout level and profit targets set at the next resistance zones or key price levels.
Long
by PIPSFIGHTER
#CHFJPY 4HCHFJPY 4-Hour Analysis The CHFJPY pair has broken down below a significant trendline support on the 4-hour chart, signaling a potential shift in momentum to the downside. This breakdown suggests increased selling pressure and presents a sell opportunity. Technical Outlook: Pattern: Breakdown Trendline Support Forecast: Bearish (Sell Opportunity) Entry Strategy: Enter a sell position after confirming the breakdown with bearish price action signals, such as a retest of the broken trendline as resistance or continuation of lower highs and lows. Traders should use indicators like RSI or MACD for additional confirmation of bearish momentum. Risk management is essential, with stop-loss orders placed above the retest level and profit targets set at the next key support zones.
Short
by PIPSFIGHTER
#EURCAD 4HEURCAD 4-Hour Analysis The EURCAD pair has formed an ascending triangle pattern on the 4-hour chart, but the price has broken down below the triangle's trendline support. This breakdown signals potential bearish momentum, making it a viable sell opportunity. Technical Outlook: Pattern: Ascending Triangle and Breakdown Trendline Support Forecast: Bearish (Sell Opportunity) Entry Strategy: Enter a sell position following confirmation of bearish momentum, such as a retest of the broken support acting as resistance or continuation of lower highs. Traders should look for additional confirmation through bearish candlestick patterns and supporting indicators like RSI or MACD. Proper risk management is crucial, with stop-loss orders placed above the retest level and profit targets set at the next key support zones.
Short
by PIPSFIGHTER
#EURUSD 1HEURUSD 1-Hour Analysis The EURUSD pair is trading within a downtrend channel on the 1-hour chart and is approaching a key support area near the lower boundary of the channel. This support zone presents a potential buy opportunity as it may act as a reversal point for a short-term bullish move. Technical Outlook: Pattern: Downtrend Channel and Support Forecast: Bullish (Buy Opportunity) Entry Strategy: Consider entering a buy position near the channel's support line, confirming with bullish price action signals such as a bullish engulfing candlestick or a bounce from the support level. Traders should ensure proper risk management by placing stop-loss orders below the support level to account for potential breakdowns. Profit targets can be set at the midline or upper boundary of the channel for optimal returns.
Long
by PIPSFIGHTER
TradeCityPro EURJPY Analysis Key Opportunities Ahead👋 Welcome to TradeCityPro Channel! Let’s move beyond crypto and analyze the popular EUR/JPY currency pair from both fundamental and technical perspectives, preparing for potential triggers in the days ahead. 🌍 Fundamental Overview Monetary Policy: The ECB’s hawkish stance strengthens the Euro, while the BoJ’s dovish policies weaken the Yen. Economic Data: Eurozone GDP and inflation drive the Euro, while Japan's industrial performance and exports influence the Yen. Risk Sentiment: The Yen gains during risk-off scenarios as a safe haven, while the Euro thrives on Eurozone stability. Geopolitical Events: The Euro reacts to EU political shifts, while the Yen benefits from global tensions, such as those in the Middle East. Yield Differentials: Higher bond yields in the Eurozone compared to Japan attract capital flows to the Euro. Current dynamics show the Euro is stronger, but shifts in risk sentiment or changes in BoJ policy could favor the Yen. 🕒 4-Hour Time Frame On the 4-hour timeframe, we’ve seen price rejection from the 166.63 resistance level, followed by a downward move. After breaking the descending trendline, the price retraced to the 50% Fibonacci level, creating potential setups: 📈 Long Position Trigger After breaking the 159.849 level and Fibonacci resistance, a long entry is viable, targeting 162.104. An RSI breakout into overbought territory could add momentum. 📉 Short Position Trigger If rejected at resistance and breaking below 159.331, a short position is possible, targeting 157.80 or the significant support at 155.119. Stay alert for confirmations to act on these scenarios. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
4
#USDAUD 1DAYUSDAUD Daily Analysis The USDAUD pair is trading within an uptrend channel on the daily chart and is currently approaching the resistance line of the channel. This resistance area is a critical zone where selling pressure may emerge, making it a potential sell opportunity if the price shows signs of rejection. Technical Outlook: Pattern: Uptrend Channel and Resistance Forecast: Bearish (Sell Opportunity) Entry Strategy: Enter a sell position if the price confirms rejection at the resistance line with bearish price action signals. Traders should monitor for reversal patterns, such as bearish engulfing candlesticks or indicators like RSI signaling overbought conditions. Proper risk management is essential, with stop-loss orders placed above the resistance line and profit targets set near the channel's midline or lower boundary.
Short
by PIPSFIGHTER
1
#USDCAD 4HUSDCAD 4-Hour Analysis The USDCAD pair is forming a wedge pattern on the 4-hour chart, with price action showing signs of bearish pressure near the resistance area. Additionally, a sell engulfing candlestick has appeared, reinforcing the likelihood of a downside move. This confluence of bearish signals provides a potential sell opportunity. Technical Outlook: Pattern: Wedge and Sell Engulfing Area Forecast: Bearish (Sell Opportunity) Entry Strategy: Enter a sell position upon confirmation of continued bearish momentum, such as a break below the wedge's lower boundary. Traders should watch for additional confirmation through bearish indicators like RSI showing overbought conditions or MACD signaling a bearish crossover. Implement proper risk management by placing stop-loss orders above the sell engulfing area and targeting key support zones below the wedge.
Short
by PIPSFIGHTER
#USDCHF 4HUSDCHF 4-Hour Analysis The USDCHF pair has broken above a significant trendline on the 4-hour chart, signaling a shift in momentum to the upside. Additionally, a buy engulfing candlestick in the breakout area reinforces the bullish outlook, presenting a potential buy opportunity. Technical Outlook: Pattern: Trendline Breakout and Buy Engulfing Area Forecast: Bullish (Buy Opportunity) Entry Strategy: Enter a buy position above the breakout level, confirming with bullish price action signals. Traders should monitor for continued bullish momentum with supportive indicators like RSI or MACD trending upward. Proper risk management is essential, with stop-loss orders placed below the breakout level and profit targets set at higher resistance zones.
Long
by PIPSFIGHTER
#GBPCAD 1DAYGBPCAD Daily Analysis The GBPCAD pair has broken below a key trendline on the daily chart, signaling potential bearish momentum. After the breakdown, the price is now retesting the trendline from below, which could act as resistance. This setup presents a potential sell opportunity if the price faces rejection at the retest level. Technical Outlook: Pattern: Trendline Breakdown and Retest Forecast:** Bearish (Sell Opportunity) Entry Strategy:** Enter a sell position if the price confirms rejection at the retested trendline with bearish price action signals. Traders should look for confirmation such as bearish candlestick patterns (e.g., shooting star or bearish engulfing) or indicators like RSI indicating bearish divergence. Proper risk management is crucial, with stop-loss orders placed above the retested trendline and profit targets set at the next support zones.
Short
by PIPSFIGHTER
#GBPNZD 1DAYGBPNZD Daily Analysis The GBPNZD pair is trading near the resistance line of an uptrend channel on the daily chart. This level marks a key area where selling pressure could emerge, presenting a potential sell opportunity if the price shows signs of rejection. Technical Outlook: Pattern: Uptrend Channel Resistance Forecast: Bearish (Sell Opportunity) Entry Strategy: Enter a sell position if the price rejects the channel resistance with bearish confirmation signals. Traders should watch for reversal patterns, such as bearish engulfing candlesticks or indicators like RSI showing overbought conditions. Implement proper risk management by placing stop-loss orders above the resistance line, with profit targets set at the midline or lower boundary of the channel.
Short
by PIPSFIGHTER
December 11 2024 - Buy Limit Activated GBPJPY TRADEAs I checked one of my favorite pair in forex, I noticed that gbpjpy moving a bullish direction. One thing is certain here I will ride the pullback if supply was introduced in this market aiming for buy limit pending order in important swing low with demand. If you will noticed my chart during london session supply was introduced to mitigate Demand zone with validity. I like to trade demand and supply area with "PROOF". Please check my charts for additional information. RR: 1:4 Intraday (London-New york Session ) ATR: during that time = 10 #wyckoff #supplyand demand
Long
by glyrad
#EURCHF 1DAYEURCHF Daily Analysis The EURCHF pair is approaching a key support level on the daily chart, a zone where buying interest has consistently emerged. This support area offers a potential bullish setup, with the likelihood of a price rebound if the level holds. Technical Outlook: Pattern: Support Forecast: Bullish (Buy Opportunity) Entry Strategy: Look for confirmation of support holding with bullish price action signals before entering a buy position. Traders should monitor for reversal candlestick patterns, such as bullish engulfing or hammer formations, and supportive indicators like RSI signaling oversold conditions. Employ proper risk management by placing stop-loss orders below the support level and targeting resistance zones for potential profit.
Long
by PIPSFIGHTER
#XAUUSD 4HXAUUSD 4-Hour Analysis The XAUUSD pair has formed a bearish engulfing candlestick pattern on the 4-hour chart, indicating strong selling pressure. This pattern suggests a potential downside move, especially if the price breaks below nearby support levels, confirming the bearish sentiment. Technical OutloOK Pattern: Sell Engulfing Forecast: Bearish (Sell Opportunity) Entry Strategy: Enter a sell position after confirmation of further bearish momentum, such as a break below immediate support. Traders should watch for continued selling pressure supported by indicators like RSI or MACD showing bearish divergence. Proper risk management is crucial, with stop-loss orders placed above the high of the engulfing candlestick. Profit targets can be set at the next key support zones for optimal returns.
OANDA:XAUUSDShort
by PIPSFIGHTER
AUDUSD 1DAYAUDUSD Daily Analysis The AUDUSD pair is trading near a significant support level on the daily chart, where buyers have historically stepped in to drive prices higher. This key zone suggests a potential bullish reversal, making it an attractive area for a buy opportunity. Technical Outlook: Pattern: Support Forecast: Bullish (Buy Opportunity) Entry Strategy: Enter a buy position near the support level after confirming bullish price action signals. Traders should monitor for reversal patterns such as a bullish engulfing candlestick or indicators like RSI signaling oversold conditions. Proper risk management is essential, with stop-loss orders placed below the support level to guard against potential breakdowns. Targets can be set at the next resistance levels for potential profit.
Long
by PIPSFIGHTER
1
#AUDCAD 4HAUDCAD 4-Hour Analysis The AUDCAD pair has broken above a key trendline on the 4-hour chart, signaling a potential shift in momentum to the upside. Additionally, the presence of a buy engulfing candlestick in the breakout area reinforces the bullish outlook. This combination of technical signals presents a strong opportunity for a buy position. Technical Outlook: Pattern: Trendline Breakout & Buy Engulfing Area Forecast: Bullish (Buy Opportunity) Entry Strategy: Enter a buy position above the trendline breakout level, confirming with bullish price action signals. Traders should look for additional confirmation such as continued bullish candlesticks or supportive indicators like RSI and MACD trending upwards. Place stop-loss orders below the breakout level to manage risk, and target higher resistance zones for potential profit.
Long
by PIPSFIGHTER