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NZD/USD: Traders Eye Short Setup After Key ReboundThe NZD/USD pair saw a strong recovery from its intraday low of 0.6170 during Wednesday’s New York session. The New Zealand Dollar (NZD) regained some ground as the US Dollar (USD) struggled to maintain its upward momentum, having recently corrected from a fresh two-week high. Investors are now eagerly awaiting the release of the US Nonfarm Payrolls (NFP) report, the highlight of a data-heavy week for the US economy. From a technical standpoint, the price had already rebounded from a key Supply area, and after today's short recovery, traders may find an opportunity for a potential short setup. This pullback could be seen as a chance to enter the market by setting a Sell Limit order or entering directly to take advantage of the correction. The Commitment of Traders (COT) report reveals that retail traders are increasingly aggressive on the long side, while Smart Money appears to be reducing its positions, signaling a possible bearish trend. Additionally, seasonality data further hints at the potential for a bearish move in the near future. With several factors aligning, traders may be preparing for a potential downside in the NZD/USD pair, making this pullback an attractive opportunity for short positions. ✅ Please share your thoughts about NZD/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
1
Is the EUR/USD Recovery a Pullback Before a Bearish Move?The EUR/USD pair rebounded following the release of the weaker-than-expected US JOLTS Job Openings data, prompting questions about whether this is a potential opportunity to enter short positions. After an initial rebound from the Supply area, the EUR/USD pair recovered some ground on Wednesday, likely driven by the US labor data. However, this recovery could present a pullback, offering investors a chance to add to their positions in anticipation of a possible bearish scenario. Investors are now eagerly awaiting the US Nonfarm Payrolls (NFP) data for August, scheduled for release on Friday. This official labor market data will be critical in shaping the Federal Reserve’s (Fed) path for interest rate cuts in September. While many investors believe that the Fed will begin reducing its key borrowing rates this month, there is still uncertainty regarding the size of the potential rate cut. From a Commitment of Traders (COT) perspective, we can observe that retail traders are heavily positioned on the long side of the EUR/USD, which often serves as a contrarian indicator. Additionally, seasonality data points to a likely drop in the EUR in the near term. Given this COT scenario and the broader market sentiment, we are maintaining our bearish outlook on the EUR/USD and see this pullback as an opportunity to consider short positions. With key data releases on the horizon, such as the NFP, traders should remain cautious but be prepared for further downside in the EUR/USD pair as market conditions evolve. ✅ Please share your thoughts about EUR/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
5
USD/CHF Dips Amid Caution, but Bullish Long-Term Outlook RemainsThe USD/CHF pair has lost some ground as traders proceed with caution following the release of key economic data from the United States, particularly the JOLTS Job Openings report. After initially reacting to a well-established Demand Area over the past few days, the USD/CHF price began to recover slightly, reflecting market uncertainty and a lack of momentum. However, despite the short-term pullback, our long-term outlook for the pair remains unchanged. From a fundamental perspective, the Commitment of Traders (COT) report reveals an interesting divergence: retail traders are heavily short in this demand zone, while large speculators continue to maintain long positions. This contrast suggests that the smart money sees value in the current price level, supporting the potential for an upward move. Additionally, seasonality patterns point to the start of a potential bullish trend for the USD/CHF pair. Historically, this time of year has seen upward pressure on the US Dollar, which could further support a continuation of the recovery. In conclusion, while short-term fluctuations may cause some hesitation, the broader market signals—retailers positioned short, large speculators holding long positions, and favorable seasonality—suggest that the USD/CHF pair may be gearing up for a bullish move in the coming weeks. Traders should remain vigilant and watch for opportunities to enter long positions as the market stabilizes. ✅ Please share your thoughts about USD/CHF in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
5
DXY - US Dollar Strengthens Above 101.70 Market AnalysisThe US Dollar Index (DXY) is showing renewed strength, climbing above the 101.70 mark after a relatively flat Monday. This move extends the momentum from last week, where the DXY gained over 1%. As the market braces for key labor data later this week, all eyes are on the August jobs report, set to be released on Friday. This report is expected to reveal a solid increase in Nonfarm Payrolls (NFP), which could provide further support to the US Dollar. Technical Analysis: Reversal from Key Demand Area From a technical standpoint, the DXY has already exhibited a significant reversal from a key Demand area around 100.535. As forecasted, the price rebounded from the 100.515 level, confirming the strength of this support zone. This reversal was anticipated based on previous analysis, and it has played out as expected, setting the stage for the current bullish momentum. Sentiment and Seasonal Trends Support a Bullish Outlook The Commitments of Traders (COT) report adds an interesting layer to the analysis, showing that retail traders are aggressively short on the US Dollar. This aggressive short positioning often acts as a contrarian indicator, suggesting that there might be further upside potential for the DXY. Additionally, seasonal trends are aligning with a possible bullish rally in the US Dollar. Historically, this period has seen increased demand for the USD, and the current setup appears to be following that pattern. When combining the COT data with the technical bounce from the Demand area, the outlook for the US Dollar remains positive. Conclusion: A Confluence of Factors Supporting USD Strength The DXY's move above 101.70 is supported by a confluence of technical and sentiment factors. The reversal from the Demand area, coupled with the contrarian signal from the COT report and favorable seasonality, all point towards a continued increase in the value of the US Dollar. As the market awaits the crucial NFP report on Friday, the stage is set for potential further gains in the DXY, reinforcing our bullish outlook for the US Dollar. Previous Forecast ✅ Please share your thoughts about USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
TVC:DXYLong
by FOREXN1
1
USD/CHF Recovery Gains Momentum on Robust US Growth DataThe USD/CHF pair continued its recovery on Monday, trading around the 0.8517 level. This uptick in the pair is largely driven by a stronger US Dollar (USD), which gained momentum following stronger-than-expected US economic growth data. The recent Gross Domestic Product (GDP) report revealed that the US economy expanded more rapidly than anticipated in the second quarter, reducing market expectations for a larger 50 basis points (bps) rate cut by the Federal Reserve (Fed) in September. According to the second estimate released by the Bureau of Economic Analysis (BEA) last Thursday, the US GDP grew at an annualized rate of 3.0% in Q2, up from the initial estimate of 2.8%. Additionally, US Initial Jobless Claims fell to 231,000 for the week ending August 24, slightly below the projected 232,000, further supporting the Greenback. From a technical perspective, the USD saw a significant rebound after touching our identified Demand area, where the price swiftly reversed direction. This area has proven to be a strong support level, reinforcing the bullish momentum. Moreover, the latest Commitment of Traders (COT) report highlights a marked bearish sentiment among retail traders, which, when combined with the Demand area, signals a potential continuation of the long setup. In summary, the combination of robust US economic data, a resilient Demand area, and the bearish positioning of retail traders suggests that the USD/CHF pair may continue its upward trajectory in the near term. Traders should keep an eye on this setup as it could present further opportunities for long positions. PREVIOUS FORECAST ✅ Please share your thoughts about USD/CHF in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
1
EUR/USD Rebounds in Quiet Markets, But Bearish Outlook PrevailsThe EUR/USD pair experienced a modest recovery on Monday, with the price currently hovering around the 1.1068 mark as I write this article. This upward movement comes after the pair reversed within our designated Demand Area, highlighted by the red rectangle on our charts. However, this recovery is happening against the backdrop of limited market activity, as both the United States and Canada observe Labor Day, leading to a quiet trading session until the next Asian market opening. The US holiday means that the macroeconomic calendar will be relatively barren in the coming hours. However, the calm will be short-lived as the US is set to release several employment-related reports later this week, culminating in the highly anticipated Nonfarm Payrolls (NFP) report on Friday. Despite the slight recovery seen today, our outlook for the EUR/USD remains bearish. The US Dollar Index (DXY) is also regaining strength, signaling potential downward pressure on the Euro. From a technical perspective, the price has recently touched a Supply Area, which has been confirmed as a significant resistance zone. What is particularly telling is the behavior of different market participants: retail traders are increasingly taking long positions on the Euro, while smart money—larger institutional traders—are reducing their long exposure. This divergence between retail and institutional sentiment is often a strong indicator of an impending reversal. Moreover, this shift in sentiment is notable as it marks the highest point in 2024 where retail traders have gone long on the Euro. Such a scenario typically signals a potential short opportunity, as history often shows that retail traders tend to be on the wrong side of the market during such divergences. In summary, while the EUR/USD pair has shown some strength today due to the subdued trading environment brought on by Labor Day, the overall picture remains bearish. The combination of a strengthening DXY, confirmed technical resistance, and a significant divergence between retail and institutional traders suggests that a short position on the Euro may be the more prudent strategy moving forward. Previous Forecast ✅ Please share your thoughts about EUR/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
1
USD/JPY Rebounds from Key Demand Zone: Bullish Continuation AheaAs anticipated in our recent analysis of the USD/JPY pair, the price has indeed rebounded from our identified demand area, reaffirming our forecast. This price action is particularly significant when we examine the underlying market sentiment and the broader context in which this rebound is occurring. Market Sentiment and COT Report Insights A closer look at the Commitment of Traders (COT) report reveals an intriguing dynamic: retail traders, or "retailers," are overwhelmingly bearish on USD/JPY. This means that a large portion of non-commercial traders, who typically represent smaller, individual investors, are expecting the value of the USD to decline against the JPY. This sentiment is often driven by surface-level market movements or short-term news events that can sway less experienced traders. In stark contrast, the COT report shows that "smart money"—commercial traders and large institutions who are more informed and strategically positioned—are taking a bullish stance on USD/JPY. These market participants have deeper insights into economic indicators, global monetary policies, and macroeconomic trends. Their bullish positioning suggests a strong confidence in the U.S. Dollar's resilience against the Japanese Yen, at least in the near to medium term. Technical Analysis and Price Rebound From a technical perspective, the price rebound from our demand area was expected, and it aligns with the broader bullish trend we've been tracking. This demand area, identified through historical support levels and recent price action, represents a zone where buying interest is sufficiently strong to halt or reverse a downward movement in price. The rebound also reflects the broader economic environment, particularly the divergence in monetary policies between the United States and Japan. The U.S. Federal Reserve has been more aggressive in its approach to managing inflation through interest rate hikes, which generally supports a stronger dollar. On the other hand, the Bank of Japan has maintained a more accommodative stance, which tends to weaken the yen. This divergence creates a fundamental backdrop that supports the bullish outlook on USD/JPY. JPY FUTURES PREVIOUS ANALYSIS ✅ Please share your thoughts about USD/JPY in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
3
EUR/USD Drops from Supply Zone, Eyes 1.0900 Amid Inflation..Following our previous analysis of the EUR/USD pair, we observed that the price reacted strongly to our identified supply area, leading to a notable decline. Currently, the price is approaching our first take-profit target, and there is potential for further depreciation towards the 1.0900 level. This movement aligns with the positioning of retail traders, who remain bullish according to the latest Commitment of Traders (COT) report—a sentiment that often precedes a market reversal, as we've seen in this case. The economic backdrop further supports this bearish outlook. The recent Personal Consumption Expenditures (PCE) report indicated that core inflation on a year-over-year basis rose by 2.6%, which, while steady, was slightly below the forecasted 2.7%. On a month-to-month basis, inflation met expectations with a 0.2% increase, consistent with previous releases. Despite these figures, the market continues to anticipate that the Federal Reserve will begin reducing interest rates starting from the September meeting. However, the persistence of inflationary pressures has tempered expectations for a swift pivot towards policy normalization. Given these factors, we anticipate a continuation of the bearish trend in EUR/USD, with the possibility of the price moving lower in the coming sessions. PREVIOUS FORECAST ✅ Please share your thoughts about EUR/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
1
NZD/USD Approaches Resistance: Are Shorts the Next Move?The NZD/USD pair has reached a key supply area around 0.6168, which coincides with a significant resistance zone on the daily timeframe. This area has attracted attention due to the confluence of several technical and fundamental factors. According to the latest Commitment of Traders (COT) report, retail traders are increasingly taking long positions in the pair, while fund managers are moving in the opposite direction, positioning themselves short. Additionally, commercial traders, who typically represent larger institutional players, are beginning to reduce their long positions, suggesting a shift in market sentiment. This shift aligns with broader market indicators, including seasonality patterns and oscillator readings, which both support the case for a potential short setup. The seasonality analysis indicates a period of historical weakness for the NZD/USD pair, while oscillators suggest that the recent upward momentum may be losing steam. Given these factors, the supply area around 0.6168 presents a compelling opportunity for traders looking to capitalize on a potential downward move. The combination of technical resistance, COT positioning, and seasonal trends all point towards a possible short setup in the near term. As always, traders should monitor these levels closely and consider risk management strategies to navigate the evolving market conditions. ✅ Please share your thoughts about NZD/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
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1
EUR/USD Soars to 2024 Highs as Fed Rate Cut Speculation GrowsThe EUR/USD pair extended its rally for the fourth consecutive day, reaching new 2024 highs around 1.1170. This surge has been fueled by continued weakness in the US Dollar (USD), which has been under pressure as market sentiment shifts. The US Dollar Index (DXY), a measure of the USD’s strength against a basket of major currencies, fell below the critical 101.00 level for the first time since December 2023. This decline was exacerbated by the release of the Federal Open Market Committee (FOMC) Minutes, which hinted at the possibility of an interest rate cut by the Federal Reserve (Fed) in September. From a technical perspective, the EUR/USD pair bypassed its first supply area without a significant rebound and is now approaching the second supply zone, a key area where a potential sell reversal is being closely monitored. The latest Commitment of Traders (COT) report reveals an interesting divergence: retail traders remain bullish on the pair, while commercial traders and large funds appear to be positioning themselves for a move in the opposite direction. The likelihood of a rate cut has been a focal point for traders. The CME Group’s FedWatch Tool currently shows nearly a 60% chance of a 25 basis point reduction at the Fed's September 18 meeting, a slight decrease from around 70% the previous day. Despite the FOMC Minutes supporting the possibility of lower rates as early as next month, Fed Governor Michelle Bowman urged caution, suggesting that rate reductions should be gradual if inflation aligns with the Fed’s 2% target. Her comments indicate a desire to avoid an overly restrictive monetary policy that could stifle economic growth. Should the Fed opt for more substantial rate cuts, the policy gap between the Fed and the European Central Bank (ECB) could narrow in the medium to long term. This convergence may further support the EUR/USD pair, particularly as market participants expect the ECB to implement two additional rate cuts this year. Such a scenario could provide additional upward momentum for the EUR/USD, pushing it even higher in the coming months.
Short
by FOREXN1
1
USD/CHF Stabilizes Near 0.8520 as Markets Eye FOMC MinutesDuring Wednesday's European session, the USD/CHF pair found a temporary support level near 0.8520, pausing its downward momentum after three consecutive days of losses. The Swiss Franc has managed to stabilize as the US Dollar (USD) regains some strength following its recent drop to a seven-month low. The market atmosphere remains calm as traders and investors shift their focus to the release of the Federal Open Market Committee (FOMC) minutes from the July meeting. These minutes are expected to provide key insights into the Federal Reserve's (Fed) thinking, particularly regarding the potential for interest rate cuts in the near future. From a technical standpoint, the USD/CHF pair has returned to a significant demand zone, where a trade position has already been established. The current price action suggests a potential pullback, hinting at a possible upward movement. Supporting this outlook, the latest Commitment of Traders (COT) report highlights a divergence in market sentiment: retail traders are predominantly bearish, while commercial traders, including large funds and money managers, appear to be increasing their positions, indicating a potential shift in market trends. As the week unfolds, market participants will be closely monitoring any new developments that could influence the Fed's monetary policy decisions, particularly regarding the possibility of interest rate cuts in September and by the end of the year. The Fed, having kept rates steady in July within the 5.25%-5.50% range, has left the door open for potential rate reductions, which could drive further market movements as more economic data emerges. ✅ Please share your thoughts about USDCHF in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
1
USD/CHF Stabilizes Near 0.8520 as Markets Eye FOMC MinutesDuring Wednesday's European session, the USD/CHF pair found a temporary support level near 0.8520, pausing its downward momentum after three consecutive days of losses. The Swiss Franc has managed to stabilize as the US Dollar (USD) regains some strength following its recent drop to a seven-month low. The market atmosphere remains calm as traders and investors shift their focus to the release of the Federal Open Market Committee (FOMC) minutes from the July meeting. These minutes are expected to provide key insights into the Federal Reserve's (Fed) thinking, particularly regarding the potential for interest rate cuts in the near future. From a technical standpoint, the USD/CHF pair has returned to a significant demand zone, where a trade position has already been established. The current price action suggests a potential pullback, hinting at a possible upward movement. Supporting this outlook, the latest Commitment of Traders (COT) report highlights a divergence in market sentiment: retail traders are predominantly bearish, while commercial traders, including large funds and money managers, appear to be increasing their positions, indicating a potential shift in market trends. As the week unfolds, market participants will be closely monitoring any new developments that could influence the Fed's monetary policy decisions, particularly regarding the possibility of interest rate cuts in September and by the end of the year. The Fed, having kept rates steady in July within the 5.25%-5.50% range, has left the door open for potential rate reductions, which could drive further market movements as more economic data emerges. ✅ Please share your thoughts about USDCHF in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
USD/JPY Pulls Back to 146.33 Amid Rising Yen and Fed Rate CutThe Japanese Yen is gaining ground against the US Dollar, with the USD/JPY pair pulling back to 146.33 as I write this. This upward movement is fueled by Japan's second-quarter Gross Domestic Product (GDP) growth, which exceeded expectations and bolstered the case for a potential near-term interest rate hike by the Bank of Japan (BoJ). Despite this, the USD/JPY pair has found support from a stronger US Dollar, buoyed by rising Treasury yields. From a technical standpoint, the price is currently retesting our identified Demand area, where we’ve already initiated a long position. Retail traders remain bearish, while commercial traders are starting to increase their positions. The recent US Consumer Price Index (CPI) data has sparked discussions about the scale of the Federal Reserve’s potential rate cut in September. The market is leaning towards a modest 25 basis point reduction, with a 60% probability, although a larger 50 basis point cut remains a possibility, with a 36% chance according to CME FedWatch. ✅ Please share your thoughts about USDJPY in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
8
Silver Rebounds at Key Demand Zone: A Bullish ImpulseSilver recently rebounded from a significant Demand area around $28.48, marking the start of what appears to be a new bullish impulse. This recovery comes at a crucial moment, as market participants closely monitor the movements of precious metals amid fluctuating economic indicators and shifting sentiment in the broader market. From a technical standpoint, the surge in Silver's price following this rebound is notable. The metal has managed to find strong support at this key level, suggesting that buyers are stepping in, possibly positioning for a sustained upward move. This aligns well with the latest Commitment of Traders (COT) report, which reveals interesting dynamics among the major players in the market. The COT report, which tracks the positions of commercial and non-commercial traders, indicates a favorable environment for further bullish momentum in Silver. Non-commercial traders, often seen as speculators, seem to be gradually increasing their long positions, reflecting a growing confidence in Silver's potential upside. Meanwhile, commercial traders, who typically use futures contracts to hedge their positions, may be signaling the underlying strength in Silver by reducing their short positions. Applying our Supply and Demand strategy, the recent price action further supports the case for a long continuation in Silver. The demand area around $28.48 has proven to be a robust support zone, and as Silver continues to build on this foundation, we anticipate the possibility of higher prices in the near term. The current market conditions, combined with the insights from the COT report, suggest that Silver may be poised for a strong rally. ✅ Please share your thoughts about SILVER in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
OANDA:XAGUSDLong
by FOREXN1
1
EUR/USD: Key Supply Zones to Watch for Potential ReversalsThe EUR/USD pair has extended its upward momentum, reaching new highs for 2024, currently hovering around 1.1077 as I write this. This surge is largely attributed to the persistent weakness in the US Dollar (USD), which has been on the back foot in recent sessions. Expectations around the upcoming Consumer Price Index (CPI) release have shifted market sentiment. While there was initial speculation of a half-point rate cut by the Federal Reserve next month, the chances of such a significant cut have diminished. Instead, a more modest rate reduction now seems more likely, especially in light of better-than-anticipated outcomes from other critical US economic indicators. Looking forward, the release of the Federal Open Market Committee (FOMC) Minutes is anticipated to be the key event this week. However, market participants will also keep a close eye on Fed Chair Jerome Powell’s speech at the Jackson Hole Symposium and the testimony of Bank of Japan (BoJ) Governor Kazuo Ueda before Parliament. These events could offer further insights into the future direction of monetary policies, influencing the USD and, by extension, the EUR/USD pair. From a technical perspective, the EUR/USD has approached a critical Supply area, where we observe a significant concentration of retail traders maintaining long positions, while commercial players have reduced their exposure. Given the current sideways market conditions, this Supply zone could be pivotal. A reversal may occur here, leading to a potential decline in the pair. However, if the price does not reverse at this level, the next key Supply area to watch would be around 1.1175. This level could become the next focal point for traders looking to identify potential turning points in the market. ✅ Please share your thoughts about EURUSD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
1
USD/SGD Approaches Key Demand Zone: Anticipating a ReboundUSD/SGD is steadily declining towards our identified Demand area around the 1.31128 level. At this juncture, we anticipate a potential price rebound that could present a promising opportunity for a long trade setup. Our analysis is rooted in a combination of Supply and Demand principles, which help us understand the underlying market forces, as well as a thorough review of the latest COT (Commitment of Traders) report, offering insights into the positioning of major market participants. By integrating these critical factors, we have strategically placed a Buy limit order, positioning ourselves to capitalize on a potential upward movement in the price from this key support zone. ✅ Please share your thoughts about USD/SGD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
1
EUR/USD Approaches Key Supply Area Amid U.S. CPI DataThe EUR/USD is nearing a significant supply area around 1.10500, with the pair currently showing signs of being overbought. The latest Commitments of Traders (COT) report highlights that retail traders are largely bullish on the pair, adding to the potential for a correction. The focus now shifts to the upcoming release of the Consumer Price Index (CPI) data for July by the U.S. Bureau of Labor Statistics, which is likely to play a crucial role in determining the pair's next move. Market expectations suggest that on a yearly basis, the CPI will rise by 2.9%, slightly down from the 3% recorded in June. The core CPI, which excludes the most volatile items, is anticipated to increase by 3.2% annually. On a monthly basis, both the headline CPI and core CPI are expected to rise by 0.2%. Should the monthly core CPI, a key indicator that removes base effects and volatile prices, exceed expectations, it could trigger an immediate recovery in the U.S. Dollar (USD). This would likely weigh on the EUR/USD, leading to a potential downward movement from the supply zone around 1.10500. Conversely, if the core CPI underperforms, failing to meet market estimates, the pair might push higher, potentially breaching the initial supply area. If EUR/USD manages to surpass the 1.10500 level, the next significant resistance lies around 1.12000. This area could act as another barrier for the Euro, where a rebound might occur. However, the current analysis suggests that a reversal at the first supply area is more probable, especially if the USD regains strength following the CPI data release. In conclusion, the upcoming CPI figures will be pivotal in shaping the EUR/USD's trajectory. Traders should closely monitor the data, as it could either reinforce the overbought conditions and lead to a correction, or propel the pair higher if the USD weakens further. ✅ Please share your thoughts about EUR/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
3
AUD/USD Reversal: Bullish MomentumThe AUD/USD pair has shown signs of recovery after dipping to the 0.63500 level, with the price currently rising around 0.6595. This rebound is partly fueled by the US Dollar (USD) facing challenges due to growing expectations of a potential interest rate cut by the Federal Reserve (Fed) in September. However, the pressure on the USD might ease as the likelihood of a 50-basis point rate cut at the Fed's September meeting diminishes. From our perspective, we anticipate that the AUD/USD will continue its upward trajectory, potentially reaching the Supply zone around 0.6700, with a possibility of extending higher to 0.6800. This target area is crucial for evaluating the next strategic move. The current market sentiment indicates that Smart Money is positioning itself long, while Retail traders are predominantly short. This imbalance suggests a potential increase in the value of the Australian Dollar (AUD) as the pair gains momentum. Given these factors, our focus is on monitoring the price action as it approaches these key levels. We expect that once the price reaches the 0.6700 to 0.6800 range, a potential setup may emerge, providing an opportunity to capitalize on the AUD's strengthening against the USD. This analysis aligns with the broader market dynamics, indicating that the AUD is poised for further gains in the near term. ✅ Please share your thoughts about AUD/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
3
USD/CAD: Awaiting Bearish Continuation Before Potential ReversalThe USD/CAD pair has shown resilience even as the USD/DXY continues to strengthen. However, it seems to be taking its time to find a robust Support/Demand zone before embarking on a corrective phase. Our analysis, which integrates Seasonality trends, the COT report, and our proven Supply and Demand strategy, points towards an impending continuation of the bearish momentum. Currently, we are closely monitoring the 1.36480 level—a key area where price action is likely to encounter significant demand. It is at this juncture that we expect to see a pattern indicating a potential reversal. Should such a pattern materialize, it would provide a strong signal for entering a long position at the market. This strategic approach allows us to capitalize on the anticipated recovery following the completion of the bearish cycle, positioning ourselves for a favorable entry as the price gears up for a bullish turn. ✅ Please share your thoughts about USD/CAD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
1
USD/CHF: Liquidity Grab at 0.84323 Signals Long SetupThe USD/CHF pair recently grabbed liquidity at the 0.84323 level, aligning with a significant demand area, which has sparked a potential reversal. Following this initial reversal impulse, we are closely monitoring this zone for a long entry. The liquidity grab at 0.84323 is noteworthy, as it indicates a possible shift in market dynamics, with a strong buying interest emerging at this critical level. This demand area has historically provided robust support, making it a key level to watch for a sustained upward move. Our analysis of the supply and demand dynamics supports the case for a long position. The current market structure suggests that the demand zone at 0.84323 is poised to hold, providing the foundation for a bullish continuation. Additionally, the seasonal trends for USD/CHF historically favor upward movements during specific periods, further reinforcing the potential for a price surge. The Commitment of Traders (COT) report adds another layer of confirmation to this setup. The data indicates that large traders and institutions have begun accumulating long positions in USD/CHF, signaling growing confidence in a potential upward trend. Given the confluence of the liquidity grab at 0.84323, the strong demand area, supportive seasonal trends, and bullish signals from the COT report, we are looking to go long on USD/CHF. The technical and sentiment indicators suggest a favorable environment for a price surge, making this a promising opportunity for traders. ✅ Please share your thoughts about USD/CHF in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
1
NZD/CHF: Historical Low Signals Potential ReversalThe NZD/CHF pair recently reached a significant milestone, hitting its lowest historical point around 0.48551. This drop has caught the attention of traders, particularly as it aligns with a potential reversal pattern. Analyzing the situation through the lens of the Commitment of Traders (COT) data and seasonality trends, we've identified a promising opportunity to enter a long position in anticipation of a price surge. The drop to 0.48551 marks a critical level where the pair has historically struggled to go lower, making it a key area of interest for buyers. The significance of this bottom cannot be understated, as it represents a psychological barrier where demand is likely to increase, leading to a potential reversal. The initial signs of this reversal are already in motion, with the price showing signs of recovery from this low. Further supporting our decision is the analysis of the COT report, which provides insight into the positioning of large market participants. The latest data suggests that there has been a shift in sentiment among these traders, with an increasing number of them positioning for an upward move in the NZD/CHF pair. This shift in sentiment is a strong indicator that the pair might be poised for a recovery. Seasonality also plays a crucial role in our analysis. Historically, certain periods have been more favorable for the New Zealand dollar, leading to a rise in the NZD/CHF pair. Our study of seasonal trends aligns with the current technical setup, reinforcing the likelihood of a price surge. In light of these factors—the historical low, COT analysis, and seasonality study—we've chosen to enter a long setup in NZD/CHF, anticipating a significant upward movement in the near future. Traders should consider this opportunity, as the potential for a reversal from this historical low could lead to substantial gains. ✅ Please share your thoughts about NZD/CHF in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
1
NZD/JPY: A Potential Reversal in the MakingThe NZD/JPY pair has recently caught the attention of traders following a notable drop to the 83.000 level. This move downwards was met with significant demand pressure, setting the stage for what appears to be a potential reversal. Starting from last Wednesday, the pair has shown signs of recovery, indicating that a bullish trend might be on the horizon. From a Supply and Demand perspective, the dip to 83.000 acted as a critical demand zone, where buyers stepped in to support the price. This zone, which had previously been tested, held firm, suggesting that there is substantial interest in the NZD/JPY at these levels. As the pair began to rise from this support, it confirmed that the demand pressure was strong enough to halt the decline and possibly reverse the trend. Adding to the bullish sentiment is the analysis of the Commitment of Traders (COT) report. The latest data indicates a shift in positioning among large speculators and commercial traders. These market participants, who often have access to more comprehensive market data and insights, appear to be positioning themselves for a potential upward move in the NZD/JPY. This shift in sentiment among key market players further reinforces the likelihood of a reversal. Seasonality also plays a role in our bullish outlook. Historically, certain times of the year have been more favorable for the NZD/JPY pair, with increased demand for the New Zealand dollar during specific seasons. This seasonal trend, combined with the current technical setup and COT data, provides a strong case for considering a long position in the pair. In conclusion, the recent drop in NZD/JPY to the 83.000 level has sparked a potential reversal, supported by strong demand, favorable COT positioning, and seasonal factors. Traders looking to capitalize on this opportunity should consider a long position, keeping a close eye on further developments in the market. ✅ Please share your thoughts about NZD/JPY in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
1
AUD/USD Rebounds from Yearly Low, Bullish SetupThe AUD/USD pair has experienced a significant rebound after hitting its yearly low around the 0.63500 level. This area, which briefly saw the price dip below support, appeared to be a liquidity grab, followed by a strong reversal in direction. This move indicates a potential shift in market sentiment, with the pair possibly gearing up for a bullish trend. Given this price action, we are now closely monitoring the AUD/USD for a long setup. The rebound from this critical support level suggests that buyers are stepping in, and we anticipate a continuation of this upward momentum in the near term. The current technical landscape, combined with the broader market context, supports the possibility of a sustained bullish movement, making this an attractive opportunity for a long position. ✅ Please share your thoughts about AUD/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1