Get started

Forexmarket

EURUSD Hits Demand Zone, Potential for an Up CorrectionEURUSD has reached a demand zone that previously spurred a rally in August. The recent fake breakout at the 1.07800 level suggests that the market may be primed for a pullback, especially as DXY is also testing a key resistance. On the 4H timeframe, a bullish divergence has formed, indicating a potential correction to the upside. If this demand zone holds and the divergence plays out, the market could retrace toward the next resistance zone around 1.09190 as it corrects from the recent overextension
Long
by RTED_Investing
GBPJPY Buy trade activated Oct 25 2024Another simple trade using the knowledge of supply and demand, liquidity capture, london session and new york session. This was an intraday trade -> buy limit using mt4. Always pay attention to the manipulations and Session you are trading, orderflow will always respect the higher timeframe. First analysis of this trade was from Daily structure to 1h structure. Refinement : Using 15 min TF to find optimal entry. RR: 6:1 #smarttrading #supplydemand
Long
by glyrad
GBPJPY Potential Up Trend ContinuationGBPJPY is forming a bullish trend, marked by higher highs and higher lows on the 1H timeframe. Recently, it broke and closed above the 195.600 resistance zone, a level that had been tested multiple times. Following this breakout, the market could surge toward the upper boundary of the channel. Given the choppy market behaviour since the beginning of October, this breakout could potentially be significant. The target is the resistance zone around 196.900
Long
by RTED_Investing
EURUSD Bearish momentumEURUSD has bounced off the resistance level and has been in a bearish trend since the start of October, marking three consecutive bearish weeks. It's likely that the price will pull back toward the resistance zone before resuming its downward movement. If the price pulls back against the main trend, this could result in a classic correction, followed by trend continuation. The market may form a complex pullback toward the resistance area near 1.0900 and the downward trendline, after which we could see a sell-off as the bearish momentum continues. The target is the support level around 1.07920
Short
by RTED_Investing
USDJPY Analysis for 24/10/2024: A Slightly Bearish Bias AheadAs we analyze the USDJPY currency pair on October 24, 2024, current market conditions and fundamental factors suggest a slightly bearish bias. This article delves into the key drivers influencing this outlook, allowing traders to make informed decisions in this dynamic market environment. Current Market Conditions The USDJPY pair has shown a mixed performance recently, with fluctuations influenced by both U.S. economic data and developments in Japan. Traders are closely watching for signals that could dictate the pair’s movement, particularly as we approach critical economic indicators. Key Fundamental Drivers 1. U.S. Economic Data: Recent economic data from the U.S. has been a mixed bag. While there have been positive signs in job growth and consumer spending, inflation remains a concern. The Federal Reserve’s stance on interest rates continues to be cautious, signaling that any aggressive rate hikes may not be imminent. This dovish sentiment can weigh on the U.S. dollar, creating a bearish outlook for USDJPY. 2. Japanese Economic Performance: Japan's economy is showing signs of resilience, with recent data indicating stronger-than-expected growth. The Bank of Japan (BoJ) has maintained its accommodative monetary policy, but there are discussions about potential adjustments in response to rising inflation. Should the BoJ signal a shift towards tightening, this could support the Japanese yen and contribute to a bearish trend in USDJPY. 3. Geopolitical Factors: Ongoing geopolitical tensions and global economic uncertainty can lead to safe-haven buying of the yen. Any escalation in conflicts or adverse developments in trade relations may strengthen the yen further, enhancing its appeal against the U.S. dollar. 4. Market Sentiment and Technical Indicators: Sentiment in the forex market is essential. Currently, there is cautious optimism among traders regarding the yen due to the previously mentioned economic performance indicators. Additionally, technical analysis reveals that USDJPY is nearing resistance levels, suggesting a potential reversal. If the pair fails to breach these levels, it may retreat, reinforcing a bearish bias. Conclusion Considering the current fundamental factors and market conditions, the outlook for USDJPY remains slightly bearish for today. Traders should monitor upcoming U.S. economic data releases and any announcements from the Bank of Japan that could further impact this currency pair. Keywords: USDJPY analysis, bearish bias, forex market, U.S. economic data, Bank of Japan, Japanese yen, geopolitical tensions, market sentiment, technical analysis.
Short
by PERFECT_MFG
CADJPY Bullish Correction against the down trendCADJPY recently made a fake breakout of the previous support level, but quickly bounced back, taking liquidity below the previous week's low. On the daily timeframe, a long-tailed bar has formed, signaling that bulls are pushing the price higher. Additionally, on the 4H timeframe, another long-tailed bar confirms the buying pressure. A bullish divergence is present, indicating a potential trend continuation. If the market breaks and closes above the 108.500 resistance level, it could likely test the level above the equal high on the left, further confirming the bullish sentiment. The target is the resistance zone around 109.15
Long
by RTED_Investing
USD/JPY Price Analysis: (READ DESCRIPTION)USD/JPY Price Analysis: Potential Short-Term Downside Pivot Point: 150.30 This level acts as a critical resistance, influencing potential bearish movements. Market Outlook Our Preference: Bearish Scenario: Short positions are recommended below 150.30, with downside targets likely. Target Levels: Target 1: 149.50 Target 2: 149.20 These are the immediate downside objectives for traders holding short positions, should the price remain under the pivot. Alternative Scenario If USD/JPY breaks above 150.30: Bullish Outlook: Further upside could be expected. Target Levels: Target 1: 150.50 Target 2: 150.75 This suggests potential for upward momentum if the price surpasses the pivot. Technical Indicators RSI (Relative Strength Index): Indicates caution, as failure to surpass 150.30 could accelerate selling pressure.
by CharivapaAlgo
EUR/USD Breakdown – Quick Bounce or Headed for a Wipeout?Alright, trading family, the EUR/USD pair is riding some choppy waters. A short bounce to 1.0809 might be in the cards, but don’t get too comfy—it could just be a quick breather before we dive back toward 1.0700 or even deeper to 1.0645 or 1.0580. Key Levels: Breakdown Zone: 1.0700 – Looks like the next wave if sellers keep control. Bounce Play: 1.0809 – Bulls might show up, but it could be a short ride. Lower Support: 1.0645 / 1.0580 – If the tide turns, this is where we might land. This is one of those "stay ready" moments—either we catch a quick rally or the tide pulls us lower. Keep an eye on those short time frames to catch the next set. What’s your vibe—are we bouncing or heading straight into the deep? Drop your thoughts, follow, and share if this chart got you set for the next move. Mindbloome Trader
Short
by Mindbloome-Trading
GBPJPY Potential Trend ContinuationThe market is currently testing a key psychological support level at 193.000 after a period of consolidation following recent bullish momentum. If GBPJPY closes above the 194.000 level, it could indicate continued upward movement, setting the stage for a retest of the resistance zone above this level. Given the recent bullish sentiment, a clear break and close above 194.000 would likely signal further bullish moves, potentially pushing the price toward higher levels within the resistance zone. The target is the resistance at 194.500
Long
by RTED_Investing
EURUSD Possible further Drop after a small up correctionThe market broke through the 1.1000 round number following the negative NFP data for EURUSD, pushing the price below the September low. There's a strong possibility it could retest the next round number at 1.0900. The weekly candle reflects growing bearish momentum, and zooming out reveals that this level has historically acted as a key support multiple times. If the price is rejected at this resistance zone again, it could signal further bearish movement. The overall outlook remains bearish as long as the price stays below 1.1000. The target is the support level at 1.09050
Short
by RTED_Investing
GBP/JPY : Technical Analysis and a signal!hello guys! it is a risky position!! Rising Channel: The price has been trending upward within a well-defined ascending channel. However, it is currently testing the upper boundary of this channel. Resistance Zone (Red Box): Strong resistance is seen around the 196.117 level. The price attempted to break through this resistance but faced rejection multiple times, suggesting a bearish reversal could be imminent. Support Levels (Green Area): There’s a key support level of around 187.953. This support aligns with the lower boundary of the ascending channel, making it a potential target for any upcoming bearish move. Bearish Momentum: The price shows signs of weakness as it struggles below the red resistance zone. A corrective move downwards is expected, with the first target around the 190.000 psychological level, followed by a potential drop to the 187.953 support zone. Risk-Reward Setup: The chart shows a clear risk/reward scenario, where a break below the 194.462 zone may trigger a sell-off towards lower levels.
Short
by melikatrader94
2
DreamAnalysis | EUR/USD Key Liquidity Levels Hit - What’s Next?✨ Today’s Focus: EUR/USD – A Market Mover We’ll dive into the latest price movements and analyze key market levels to uncover potential trends. 🚨 Previous Analysis Recap: In our last analysis, we anticipated a further drop after a reaction into the 4H imbalance. While the predicted decline occurred, the extent of the move exceeded our expectations. 📊 Current Market Overview: The price has recently swept key liquidity levels, including the Previous Week Low (PWL) and Sell-Side Liquidity (SSL). Currently, the market is consolidating, a sign of liquidity building. At this stage, we’re watching for a deeper retracement or possibly a full reversal. 🔴 What to Expect: Short-Term vs Long-Term Scenarios Here, we explore potential outcomes for both short-term and long-term, outlining both bullish and bearish possibilities for day trading. 🗣 Short-Term Outlook: In the short term, a retracement toward internal liquidity levels, such as Low Resistance Buy-Side Liquidity (LBSL), and lower time frame imbalances (1H and 15m) is expected. 🗣 Long-Term Outlook: The long-term scenario points to a possible expansion higher, targeting the Previous Week High (PWH), which aligns with a Bearish Fair Value Gap (FVG) on the weekly chart. However, beyond this point, further clarity is needed before determining if the price can continue higher. 🕓 Key Levels to Watch: These critical levels could influence price action: - PMH: Previous Month High - PML: Previous Month Low - PWH: Previous Week High - PWL: Previous Week Low - BSL: Buy-Side Liquidity - SSL: Sell-Side Liquidity - Daily FVG: Fair Value Gap (Imbalance zone) These levels represent potential areas for liquidity grabs or market rebalancing. FVGs are zones where price may retrace before continuing its trend. 📈 Bullish Scenario: A bullish setup could be identified on lower time frames (like the 15m), where a Market Structure Shift (MSS) with confluence would signal an entry. The target would be the Buy-Side Liquidity, as highlighted in the short-term outlook. 📉 Bearish Scenario: For a bearish outlook, we require further confirmation on lower time frames. The focus would be on a continuation towards Sell-Side Liquidity, although identifying clear targets may be more challenging at this point. 📝 Conclusion: Stay flexible as market conditions shift. Monitoring these critical levels and setups will enhance your strategy and help you identify high-probability trades. 🔮 Looking Ahead: Stay tuned as we continue to track NASDAQ, DXY, EUR/USD, and other major markets. More timely insights will follow as trends develop. ⚠️ Disclaimer: This analysis is for educational purposes only and not financial advice. Always do your own research and consult a licensed financial advisor before making any investment decisions.
by DreamAnalysis
This XAUUSD rally still seems to have a lot of momentum.According to the World Gold Council (WGC), the weakening USD was the main factor driving the XAUUSD higher, as the Fed's big rate cut caused the USD to decline significantly. Rising geopolitical risks with the worsening situation in the Middle East also boosted safe-haven buying. The biggest drag on XAUUSD last month was the "momentum factor". A higher XAUUSD in the previous month tends to put downward pressure on the price in the following month and vice versa. Other gold pairs also recorded strong gains.
TVC:GOLD
by NicoTradingMaster
Safe-haven demand on geopolitical tensions in the Middle East wi, the breakout of the USD and strong economic data could have pushed gold down further, but in fact, the recent decline of gold has been relatively shallow. That shows that the buying power of the yellow metal has not ended yet. Some other analysts said that although the price of gold has increased to 2,650 USD/ounce, the highest level in many weeks after the US announced the production index (PPI) at the end of last week, gold will still face difficulties in the coming time due to pressure from the USD and stronger bond yields.
OANDA:XAUUSD
by NicoTradingMaster
DreamAnalysis | US30 on the Edge Key Levels & Crucial Scenarios!✨ Today’s Focus: Dow Jones (US30) – A Market Mover We’ll break down the latest price movements and explore potential trends by analyzing key market levels. 🚨 Previous Analysis Recap: In our last analysis, we anticipated a dip into the Equal Lows (EQL) before a reversal higher, and that’s exactly what played out. But what's next? Let's dive into all possible scenarios together. 📊 Current Market Overview: The price has recently taken a major Buy-Side Liquidity (BSL) level at the Previous Month High (PMH), and we’re now hovering near the Previous Week High (PWH). This proximity to key levels sets the stage for the next move. 🔴 What to Expect: Short-term vs Long-term Scenarios This section outlines what we can anticipate in both short-term and long-term contexts, considering both bullish and bearish possibilities for day trading. 🗣 Short-term Outlook: A crucial focus for the short term is the previous week’s range, highlighted on the chart using Fib Retracement. Pay attention to the 50% level and the Optimal Trade Entry (OTE) zone. We might see price break through Sell-Side Liquidity (SSL) below the 50% level to balance the range, possibly tapping into the Daily Fair Value Gap (FVG) for a rebalancing move. 🗣 Long-term Outlook: Currently, we’re trading in a premium zone, which means two potential outcomes: continuation or reversal. - Continuation: If the SSL above the Daily FVG is swept, we could see the price drive even higher. - Reversal: An aggressive drop below the 4H and Daily Imbalances could trigger a reversal, leaving behind a Balance Price Range (BPR) with both bullish and bearish FVGs. The bearish FVGs, in particular, could play a crucial role. 🕓 Key Levels to Watch: These are pivotal zones that could influence price action: - PMH: Previous Month High - PML: Previous Month Low - PWH: Previous Week High - PWL: Previous Week Low - BSL: Buy-Side Liquidity - SSL: Sell-Side Liquidity - Daily FVG: Fair Value Gap (Imbalance zone) These levels indicate where the price might seek liquidity or rebalance. FVGs represent zones where the market may retrace before continuing its trend. 📈 Bullish Scenario: For bullish setups, we need lower time frame (LTF) confirmations, such as the 15m chart. Look for liquidity sweeps and target higher levels like the Previous Week High (PWH). 📉 Bearish Scenario: While it’s possible to look for short entries now, the ideal scenario would be for the price to first take out the Previous Week High. After that, the target could be the Sell-Side of the chart, including the Daily Imbalance and SSL. 📝 Conclusion: Stay adaptable as market conditions evolve. Monitoring these key levels and setups can help refine your strategy and spot high-probability opportunities. 🔮 Looking Ahead: Stay tuned for updates as we keep an eye on NASDAQ, DXY, EUR/USD, and other major markets. Timely insights will follow as trends unfold. ⚠️ Disclaimer: This analysis is for educational purposes only and is not financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
CAPITALCOM:US30
by DreamAnalysis
XAU short term trend predictionGold did not receive support from economic news or data last week but still maintained a stable price. The US consumer price index in September 2024 did not meet the expected growth rate. The number of unemployment claims in the US increased to 258,000, higher than the forecast of 230,000. The market is closely watching the next economic reports from the US to predict the possibility that the US Federal Reserve (Fed) will cut interest rates next month. There is an 80% chance that the Fed will cut interest rates by 25 basis points in November, while there is a 20% chance that interest rates will be kept unchanged. Lowering interest rates can reduce the opportunity cost of holding gold, thereby supporting gold prices.
TVC:GOLD
by NicoTradingMaster
#ADAUSD 1DAYADAUSD (Cardano vs US Dollar) Timeframe: 1 Day (Daily Chart) Pattern: Uptrend Channel Description: The ADAUSD pair is currently exhibiting a well-established **uptrend channel** on the daily chart. This pattern is defined by a series of higher highs and higher lows, with the price consistently moving within two parallel ascending trendlines. The lower trendline serves as dynamic support, while the upper trendline acts as resistance. The price action within this channel indicates that buyers are in control, with bullish momentum driving prices higher over time. Forecast: The recommendation is to take a **buy** position, as the price is expected to continue moving upward within the channel. The trend shows strong bullish signals, and unless there is a break below the lower support line, the uptrend should persist. If the price approaches the upper resistance line, it may face some temporary consolidation or correction before continuing higher. Entry Point: A buy entry is suggested near the lower support of the channel for optimal risk-reward. Stop-Loss: Place a stop-loss slightly below the lower support line of the channel to mitigate risks in case of a downward breakout. Take-Profit: The take-profit target should be set near the upper resistance line of the channel, or you may trail your stop-loss to lock in profits as the price advances. A breakout above the resistance line could signal further upside potential.
BINANCE:ADAUSDLong
by PIPSFIGHTER
DreamAnalysis | NASDAQ at Key Level Break Higher or Move Lower✨ Today’s Focus: NASDAQ (US100) – A Key Market Player We'll break down recent price action and provide insights into potential future trends by analyzing critical market levels. 🚨 Previous Analysis Recap: In our last review, we anticipated a move higher to break through the Previous Month High (PMH). Although we tapped into this level, there's still potential for price to push further into this zone. 📊 Current Market Overview: Currently, price movement has slowed after taking out the PMH. On lower timeframes (LTF), there are opportunities to seek short entry setups targeting the Sell-Side Liquidity (SSL). However, we remain aware that the market may still attempt another leg up, possibly deeper into the PMH region. 🕓 Key Levels to Monitor: These are the critical zones that could drive price movement: - PMH: Previous Month High - PML: Previous Month Low - PWH: Previous Week High - PWL: Previous Week Low - BSL: Buy-Side Liquidity - SSL: Sell-Side Liquidity - Daily FVG: Fair Value Gap (imbalance zone) These levels help identify where price may seek liquidity or rebalance. Fair Value Gaps (FVGs) represent areas where the market may retrace before resuming its trend. ⏰ 1Hour Outlook: 📈 Bullish Scenario: For a bullish setup, we’ll watch the lower timeframes (LTF) for price to sweep Low Resistance Sell-Side Liquidity (LSSL). Once liquidity is grabbed, we can look for our entry model to target the Buy-Side Liquidity (BSL). 📉 Bearish Scenario: A short setup is viable even now, but the optimal scenario would be to take out Buy-Side Liquidity first. Following that, we’ll watch for entry opportunities on the LTF to achieve better entries and risk-to-reward (R/R) ratios. 📝 Conclusion: Stay flexible as market conditions evolve. By keeping an eye on these key levels and potential setups, you can refine your strategy and spot high-probability opportunities. 🔮 Looking Ahead: Keep following as we monitor NASDAQ, DXY, EUR/USD, and other major markets. Expect timely updates as trends unfold. ⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and consult a licensed financial advisor before making any investment decisions.
CAPITALCOM:US100
by DreamAnalysis