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USDCHF: The Federal Reserve meets this weekThe US dollar has recently strengthened on signs of US economic strength, even after a long period of interest rate hikes by the Federal Reserve. US consumer spending soared in September, while the US economy grew at its fastest pace in nearly two years in the third quarter. Fed policymakers will meet this week, with the central bank expected to leave interest rates unchanged when the decision is announced on Wednesday. However, traders are concerned that these strong numbers mean they portend higher interest rates for longer as they continue to worry about overheating inflation.
Long
by TrategySherpa
AUDUSD: AUDUSD is under pressure ahead of US and Australian dataThe Australian dollar is currently down to 0.6310, with the next key supports at 0.6300 and then 0.6285. For buyers, the key immediate resistance is the 14-day EMA at 0.6347, with resistance at 0.6400 and 0.6429, the 23.6% Fibo level of the decline from July peak to September low. This week, markets will continue to wait for a series of PMI reports from both countries. Additionally, the governors of both central banks are also scheduled to speak this week, as well as the release of Australian CPI, US PCE inflation, and the University of Michigan Consumer Confidence Index.
Short
by Chart_MasterPro
BTCUSD:; Bitcoin forecast next week: Approaching the $30,000 marSince the beginning of October 2023, Bitcoin price has increased 8.3% and is approaching the psychological barrier at the 30,000 USD mark. Finance BankingBitcoin forecast next week: Approaching the 30,000 USD markDuong Lam • {Publishing date}Since the beginning of October 2023, Bitcoin price has increased by 8.3% and is approaching the psychological barrier at the 30,000 USD mark. According to CoinDesk data, updated on the morning of October 22 (Vietnam time), Bitcoin price traded at 29,880.3 USD/BTC, corresponding to a capitalization of 583.2 billion USD. Compared to early October, this cryptocurrency has increased by 8.3%. “Bitcoin's bullish momentum is supported by positive news about the possibility of approval of an exchange-traded fund (ETF) for this cryptocurrency next week, along with an increase in applications to open a fund Bitcoin ETF,” said Lucy Hu - senior trader at Metalpha.
BINANCE:BTCUSDLong
by Chart_MasterPro
EURUSD Waiting for the opportunity to sell downAt the beginning of the trading session on October 17 (Vietnam time), on the world market, the USD Index (DXY), a measure of the strength of the greenback compared to other major currencies, was at 106.21 points. , down 0.41% compared to the closing session on October 16. Meanwhile, the Euro increased 0.40%, reaching 1.0554 USD. The dollar steadied against the Japanese yen at 149.55 - close to the key 150 level. Some traders see the possibility of Japanese authorities intervening to support the currency's rebound. Last weekend, Japan's top currency diplomat Masato Kanda said the authorities would take appropriate action in the context of excessive fluctuations in the yen./.
Short
by Chart_MasterPro
1
September's Positive Returns for US Dollar Over the Last 6 YearsIntroduction: Attention, fellow traders! Brace yourselves for an exhilarating opportunity that has consistently delivering positive returns over the past six years. We are talking about none other than the almighty US dollar, which has proven its resilience time and time again. In this article, we will delve into the remarkable performance of the US dollar during September and present a compelling call to action for you to seize this exciting investment opportunity. The September Phenomenon: September has emerged as a month of significant potential for the US dollar. A closer look at historical data reveals a remarkable trend, with the greenback consistently delivering positive returns during this period. This pattern has persisted for six consecutive years, making it an enticing prospect for traders seeking reliable investment avenues. The Power of Consistency: The US dollar's consistent positive returns in September cannot be overlooked. Many factors have driven this trend, including robust economic growth, increased investor confidence, and a flight to safety amid global uncertainties. By capitalizing on these factors, traders have the opportunity to ride the wave of success that September has consistently offered. Seizing the Opportunity: Now that we have established the undeniable potential of the US dollar in September, it's time to act! Don't miss this exciting chance to enhance your portfolio and maximize your returns. Here's a call to action that will set you on the path to success: 1. Research and Analyze: Dive deep into market trends, economic indicators, and geopolitical factors that can impact the US dollar's performance in September. Equip yourself with knowledge to make informed investment decisions. 2. Diversify Your Portfolio: Consider allocating a portion of your investment portfolio into US dollar-denominated assets such as forex, stocks, or bonds. Diversification helps mitigate risks and ensures you are well-positioned to capitalize on potential gains. 3. Consult with Experts: Seek guidance from seasoned traders, financial advisors, or market analysts specializing in currency markets. Their expertise can provide valuable insights and help you navigate the US dollar's performance intricacies during September. 4. Stay Informed: Continuously monitor market developments, economic news, and global events that may impact the US dollar's performance. Be proactive in adjusting your investment strategy to optimize your returns. Conclusion: Traders, the US dollar's September phenomenon is a golden opportunity that should not be ignored. With its consistent positive returns over the past six years, this currency can potentially turbocharge your portfolio. Embrace the excitement, conduct thorough research, and take decisive action to invest in the US dollar. By doing so, you position yourself to reap the rewards of September's historical success. Remember, fortune favors the bold. Embrace this thrilling investment opportunity and unlock the potential of the US dollar in September!
TVC:DXY
by bryandowningqln
Gold Trading Idea major level markedVery important points, a short retest from 1962 to 1948 major level. 1948-1950 is buying zone If market give you the predications, rejections candle and confirmations candle then put buy from 1950 to 1948 with proper 50 pips stop loss and take profit will be up to 1962. If gold breaks the 1948 zone, then trend change and the structure of the market will be changed, and we will wait for the confirmation candles on H1, M30 to put a buy trade, but as per the behavior of the markets, the 1980–1983 zone is a strong Resistance zone, and markets have already tested and given respect to the level. Now wait for the sell confirmations. Gold trading idea based on supply and demand zone, follow proper setup keep eyes on fundamentals, this is short term trade set up on H4.
OANDA:XAUUSDLong
by Bloom_Forex_Official
XAU/USD - technical analysis - 17.07hello, I would like to keep things as simple and clear as possible without too many stories! blue zone = demand zone - from where I expect it to grow or at least to have a reaction purple area - supply area - from where I expect the price to decrease or at least to have a reaction liquidation point = for the order flow to be respected, the price must take over that point protected point = if the price touches that point, it is possible to see a trend change liquidity = the price will take that liquidity (do not transact there) MARKET STRUCTURE at the finest level
FOREXCOM:XAUUSD
by KronFX
EurUsd -> Triangle Pattern SpottedHello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that EurUsd just retested and already started to once again reject a major previous weekly resistance area at the $1.10 level. You can also see however that weekly market structure is still overall bullish, EurUsd is still creating higher highs and higher lows and we do have a strong bullish trendline coming in at the $1.07 level which could act as support, so I am now just waiting for a retest of this support line before I then do expect another rejection towards the upside. On the daily timeframe you can see that EurUsd is now actually creating an obvious symmetrical triangle continuation pattern and is currently rejecting the resistance trendline towards the downside so from the current levels I first do expect more downside and then I do expect a rejection away from the support trendline at the $1.075 level. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
Long
by basictradingtv
29
EurUsd -> Perfectly Playing OutHello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that EurUsd just recently perfectly retested and already rejected the quite nice bullish trendline of the weekly parallel rising channel. You can also see that the next weekly resistance is at the $1.12 level where we previous had strong weekly structure and also a resistance trendline so I simply do expect another push to retest the resistance before I then do expect a short term drop. On the daily timeframe you can see that after EurUsd perfectly broke above the resistance at the $1.078 level, we had a quite nicely rally towards the upside and EurUsd is now retesting resistance so I am just waiting for a bullish breakout and then I do expect another push higher to retest the next weekly resistance. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
Long
by basictradingtv
37
JPYEUR Falling Wedge PatternIn my opinion, JPYEUR appears to be showing signs of a potential reversal as it forms a falling wedge pattern on the 1-hour timeframe, with the current price finding support at a specific level. The falling wedge pattern typically indicates a bullish reversal, suggesting that the downward momentum may be weakening. Considering this pattern and support level, traders might consider a potential long position on JPYEUR. However, it's important to manage risk effectively. Setting a stop loss at 0.0066178 can help limit potential losses if the market moves against the anticipated reversal. Additionally, a take profit level of 0.0066721 can be considered as a target to capture potential gains. Looking forward to read your opinion about it.
Long
by TopgOptions
GBPUSD - Powerful IMPULSE leg 200pips GBPUSD is showing a really good STRENGTH from last week, right now we are reaching OVERBOUGHT levels but DIRECTION on this trade is still LONG. #1 ENTRY (Risk Entry, Good Reward) -: Enter LONG only when price pullback to the BASELINE/Automated KEY ZONE. INVALIDATION Invalidation on this trade happens only when DXY SHORT play get invalidated (See the DXY idea to check the exact levels) TARGETS If LONG gets triggered, exit here will be at PMtH level (Previous Month High). P.S I trade with literally zero complicated analysis and still maintain 90% HIT RATE on my LIVE TRADES and ideas.
by TheHOODofCRYPTO