EUR USD Entry Setup EUR USD Entry Setup 1 hour timeframe.
The price has been bouncing from a trendline breaking a previous high and currently retesting it
entry is taken on the retest level.
Do you think EU will buy ?
Forexpositive
DXY (US Dollar Index) Analysis Daily TimeframeDXY is currently sitting at a daily resistance level after a bullish run since last week.
we anticipate a potential move to the downside as the index shows signs of weakening, by creating a Doji candlestick, which indicates market indecision.
Remember: If the US Dollar Index turns bearish, EUR/USD and GBP/USD are likely to show bullish momentum.
Let's take a closer look at these pairs for potential buy setups.
GBPUSD H1The British pound managed to regain positivity before the weekly close, so we are looking to buy from the 1.29473 levels.
Our targets are at the levels: 1.30711.
The second level: 1.31025.
The third target: 1.31670.
The stop is at the levels: 1.28950
CAPITALCOM:GBPUSD
EUR JPY Trade Setup 4 Hour TimeframeOn the 4-hour timeframe, EUR JPY is pulling back for a retest of the broken resistance level, which has now turned into a new support level.
The pair continues to move in an uptrend, forming higher highs and higher lows while bouncing off a support trendline.
We will be looking for buy opportunities as the price tests this key support level.
euraud buy signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
GBP USD Entry Setup 30 mins timeframe Now we wait for full confirmation from the level i marked out, if we don't get solid candlesticks confirmation from that level there will be no entry.
Stay waiting and stay patient.
GBPJPY (H1) The pound yen made the expected corrective move during today's trading session and reached the golden area, which is considered the key to the downward trend. Accordingly, we look forward to selling from these areas. Stop loss above the levels of 197.144 and our targets are 192.23 and 189 as shown.
OANDA:GBPJPY
EURUSD H4The European Euro is trading in a sharp downtrend after liquidity was withdrawn from the top. Accordingly, after a sustained decline and the European interest rate decision, we are looking forward to a corrective buy from the 1.08300 levels with a stop of 1.07500, with targets of 1.09600, 1.09900, and then 1.10200. We wish you success in your trading.
eurnzd buy signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
CAD/JPY Trade Setup 1 hour timeframe On the 1 hour timeframe CAD JPY has formed a Head and Shoulders reversal pattern.
The price is currently at the right shoulder which is our entry level, we need to wait for candlesticks confirmation from this level before taking our sell. ⏰
Note: This pattern was formed in a Daily resistance level.
Gold fell sharply after no news from the fedThe positive economic data recently released has caused investors to take profits on gold, shifting their investments to profitable assets such as stocks. Investors are also selling gold because today, the Federal Open Market Committee (FOMC) will release the minutes of last month's meeting.
The employment report and positive economic data, investors expect the report will also have a positive assessment of the economy, as well as the interest rate policy may remain unchanged so that the Federal Reserve can maintain the conditions to bring inflation to the target of 2%.
Gold interday movement expected read the caption However, Gold price has managed to keep its corrective downside restricted, thanks to the persistent geopolitical risks emanating from the escalating conflict between Israel and Iran. On Sunday evening, the Israel Defense Forces (IDF) said it struck multiple Hezbollah targets in Beirut, including Hezbollah’s intelligence headquarters. In retaliation, Hezbollah said it also launched a barrage of rockets at northern Israel Sunday night
Gold fluctuates amid Fed newsInvestors are looking ahead to data on the ISM services sector index and initial jobless claims, both of which are scheduled for release along with US NFP data on Friday.
Data released on Wednesday showed NFP figures rose more than expected in September, suggesting the labor market remains strong.
According to the CME FedWatch Tool, the probability of the Fed cutting interest rates by 50 basis points has decreased. The market is now pricing in a 37% chance of that happening, down from 49% last week.
Gold tends to gain in a climate of low interest rates and political uncertainty.
#XAUUSD 1HBased on the 1-hour analysis, the price is currently hovering near the support level. I'm personally eyeing a selling opportunity, but we need to wait for the price to close below 2640.00 first.
Once that happens, we can place limit orders near the key retracement levels.
For now, avoid placing any advance orders. Wait for strong bearish confirmations before entering.
#XAUUSD
GBP USD Trade Setup 1-Hour TimeframeOn the 1 hour timeframe, GBP USD has formed a Double Bottom at the Daily + 4 Hour support level.
For a more conservative entry, we need to wait for a breakout of the neckline, followed by a retest.
We’ll then look for candlestick confirmations at the retest level before entering a buy position.
GBP USD Trade Setup Daily timeframe GBP USD is moving in an uptrend making higher highs and higher lows,
With this bullish momentum we will be looking for buying opportunities from the lower timeframes.
To get our entry lets scale to the lower timeframe to identify chart patterns and entry confirmations.
Gold is being supported to increase in price from many sides.Notably, the US manufacturing purchasing managers index (PMI) for September fell short of forecasts and the previous month.
The personal consumption expenditures (PCE) price index for August fell sharply from 2.5% in July to 2.2% year-over-year. The PCE price index for August also fell from 0.2% to 0.1%. Personal spending fell sharply from 0.5% in July to 0.2%. Personal income also fell from a 0.3% increase in July to 0.2% in August, below the forecast of 0.4%.
The PCE index is a measure of inflation based on changes in personal consumption and is used by the Fed as its preferred indicator of inflation. Personal spending can reflect consumer optimism.
Gold sell opportunity 2669 - 2672#XAUUSD ( Update..! )
Looking for sell setup | Short
Gold keeps growing but a strong horizontal resistance & trend line around 2669 is ahead so after the retest we will be expecting a local bearish correction..!
eurnzd buy signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
XAU continues to set new recordsThe upcoming US presidential election could boost gold prices due to market uncertainty, making it a safe-haven option for investors. Despite some selling pressure to lock in profits, gold prices remained steady after hitting a new record on Wednesday. Investors believe that upcoming comments from Fed Chairman Jerome Powell and US inflation data will support further rate cuts.
EUR/USD Trade Setup – 1 Hour TimeframeMessy Price Action 🤕🤧
On the 1-hour timeframe, EUR/USD has formed a supply zone around the 1.11600 price area, and the price is currently pulling back to that level. Meanwhile, the DXY (US Dollar Index) is tapping into a demand level on the daily timeframe.
I’ve also noticed the price slowing down at a minor resistance level, but I’ll wait for a pullback to the supply zone for a more effective entry. Minor support and resistance levels are generally less reliable.
Note: There are two types of Support and Resistance Levels
1. Major Support and Resistance Levels:
These levels have the strength to stop and reverse a trending market altogether.
They are key turning points in the market.
2. Minor Support and Resistance Levels:
These levels only temporarily delay rising or falling prices within a larger trend.
They provide short-term pauses but are generally less impactful..
Gold up slightly after FOMC dropThe half-point decision was made after considering inflation, economic data and risks. Along with the policy pivot, many economists noted that there will be more than one rate adjustment this year. Accordingly, the dot-plot chart shows the central bank expects rates to fall to 4.4% by the end of the year, down from the 5.1% estimate in June.
