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EUR/AUD: Preparing for a Bullish Rebound in a Defined RangeThe EUR/AUD currency pair is presently trading within a defined range area. Technical indicators show that the price is in oversold conditions, suggesting that a rebound is likely. Our area of interest is the Demand zone, where we expect to see a significant price increase. This expectation is supported by the fact that institutional traders are holding major long positions, indicating their confidence in an upward movement. Furthermore, we have conducted a seasonal analysis, which reveals that historically, the price tends to grow over the next two months. This seasonal trend adds another layer of confidence to our bullish outlook. Given these factors—the oversold technical indicators, the concentration of long positions by institutional traders, and the positive seasonal trend—we are now considering entering a long position in the EUR/AUD currency pair. ✅ Please share your thoughts about EUR/AUD 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
GBP/AUD Analysis: Anticipating a Bullish InitiativeFollowing our previous analysis, the GBP/AUD pair continues to reside within our identified area of attention, particularly around a key Demand area. This area has been filled, and the price has reacted with an initial reversal. Currently, the price hovers around 1.9015, a level of significant interest for several reasons. Firstly, the COT report reveals that a majority of institutional positions are on the long side. This indicates strong interest from major market players in the upside potential of the GBP/AUD pair, adding credibility to our bullish outlook. Secondly, our seasonality analysis further supports the case for a bullish initiative. Historically, during this part of the year, the GBP/AUD pair tends to experience growth. This seasonal tendency aligns well with our technical and fundamental observations, providing an additional layer of confidence in our analysis. From a technical perspective, the initial reversal from the Demand area suggests that buyers are stepping in at this level, supporting the price and preventing it from falling further. This Demand area, around 1.9015, serves as a crucial support zone where buying interest outweighs selling pressure. In light of these factors, we are actively looking for a bullish initiative. Our strategy involves monitoring the price action for further confirmation of the bullish trend. Key indicators to watch include higher lows and higher highs on shorter time frames, as well as supportive volume patterns that indicate sustained buying interest. We are also paying close attention to any news or events that could impact the GBP/AUD pair, including economic data releases and geopolitical developments. These factors could provide additional catalysts for the anticipated upward movement. In summary, with institutional support, favorable seasonal trends, and technical signals aligning, we are poised to capitalize on the bullish potential of the GBP/AUD pair. We will be looking for optimal entry points to enter long positions, aiming to benefit from the expected price appreciation in the coming weeks. ✅ Please share your thoughts about GBP/AUD 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
EURUSD Analysis===>>RR=2.41EURUSD managed to break the Resistance line and Resistance zone($1.0734_$1.0716) with the help of the Breakaway Gap . ( Of course, now the resistance zone has turned into a support zone ). According to the Elliott wave theory , EURUSD has successfully completed wave 3 and is currently completing wave 4 . I expect the EURUSD to rise to at least the Resistance zone($1.0806_$1.0780) . Euro/U.S.Dollar Analyze ( EURUSD), 1-hour Time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
4
XAU rebounded after moving sidewaysMany analysts believe that the gold market is in a calm period and may fluctuate again at least until the end of this week. The increase in buying by investors at the beginning of the session is the expectation that the price will increase after the precious metal is in a low price range. The current monetary policy stance of the US Federal Reserve (Fed) could trigger another sell-off in the market. As long as the Fed loosens monetary policy, it will put pressure on the USD and push up gold prices.
OANDA:XAUUSD
by TrategySherpa
EUR/USD Analysis: ECB Rate Cuts and Fed Policy DivergenceThe EUR/USD pair is facing significant macroeconomic factors, with the European Central Bank (ECB) contemplating additional rate cuts beyond the summer, aligning with market expectations of two more rate cuts later this year. Conversely, market participants are debating whether the Federal Reserve (Fed) will implement one or two rate cuts this year, despite the Fed's June 12 meeting indicating just one cut, likely in December. Today's release of the EUR Core CPI Flash Estimate y/y and CPI Flash Estimate y/y shows weaker prospects than forecasted. The Consumer Price Index (CPI), which measures the change in the price of goods and services purchased by consumers, suggests that a weaker result could drive the EUR/USD pair lower. Additionally, the recent rise in the US Dollar is partly due to hawkish comments from Fed officials and the growing monetary policy gap between the Fed and other major central banks, contributing to the euro's decline. In the short term, the recent ECB rate cut, compared to the Fed's decision to maintain rates, has further widened the policy gap between the two central banks, potentially leading to more weakness in the EUR/USD pair. From a technical perspective, on the Daily timeframe, we have identified a Demand Area that has not been fully tested. We anticipate a possible bearish momentum today and will look for a potential long position if the price reaches our Area of interest. ✅ 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.
by FOREXN1
1
EURUSD is Ready to Go Up!!!EURUSD is moving in the Support zone($1.070-$1.062) and near the Support line . Also, we can see Regular Divergence(RD+) between two Consecutive Valleys . According to the theory of Elliott waves , EURUSD seems to have completed its 5 downward waves and we should expect upward corrective waves . I expect EURUSD to trend higher in the coming hours. Euro/U.S.Dollar Analyze ( EURUSD), 4-hour Time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
9
AUD/USD Surges as US Inflation Cools, Setting for Bullish ContAUD/USD Surges to 0.6670 as US Inflation Cools, Setting the Stage for Bullish Continuation The AUD/USD pair has jumped higher to 0.6670 following an expected cooling in US inflation. This move aligns with our technical analysis, which anticipated a potential rebound in the Fibonacci retracement area, triggering a new bullish impulse. We also observed a divergence on the RSI within the H4 timeframe, which is situated inside a bullish channel. The decline in US inflation data is expected to spur expectations for early rate cuts by the Federal Reserve (Fed), creating an unfavorable scenario for the US Dollar. Consequently, the US Dollar Index (DXY) has turned negative, dropping to 105.80. According to the CME FedWatch tool, the central bank sees the September meeting as the earliest point for pivoting to policy normalization. The tool indicates that the Fed is expected to deliver two rate cuts this year. However, contrary to market expectations, Fed officials have forecasted only one rate cut this year. Considering all the data and analysis, we are anticipating a possible bullish continuation for the AUD/USD pair. ✅ 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.
Long
by FOREXN1
1
EUR/USD : Big Fall Ahead ? (READ THE CAPTION)By analyzing the EUR/USD chart on the 4-hour timeframe, we see that the price has started to rise exactly as we expected. It fully filled the first FVG and even about 50% of the second FVG. The overall return of this analysis has been over 85 pips. Currently, the Euro is trading around 1.072 and might start a further correction from this level. The 1.07380 to 1.07620 range is an important supply zone and should be closely monitored. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
by ArmanShabanTrading
3
#GBPAUD A long position would be initiated if the price could break the falling wedge pattern to the upside. A short position would be considered if the price fails to break above the bearish channel's lower boundary and creates a lower low. The trading scenario with the line arrow has a higher possibility of occurring. Confirmations for the buying scenario: Bullish divergence in the 1H time frame. 4H RSX at the oversold (OS) area. Price testing an important daily support. This bearish breakout of the channel could be considered an overexertion with respect to the price level. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Long
by mohemati
Gold sideways waits for important economic dataGold price cannot break the 2325 resistance level to form a short-term uptrend. Gold retreated to levels near 2310 as the US dollar tried to recover even as US Treasury yields eased again. The release of US retail sales data on Tuesday, weekly jobless claims on Thursday and a flash purchasing managers' index on Friday could provide clarity. in terms of consumption and economic strength. In the last two weeks, the wide range that gold is trading at is still 2340 and 2300. The lower levels of 2308 and 2325 are still keeping gold prices stable from yesterday's European session to today. In general, gold still moves sideways until the latest data from the US economy is released. Support: 2308 - 2300 - 2291 - 2286 Resistance: 2330 - 2340 - 2350 SELL zone 2338-2340 stoploss 2343 BUY zone 2308 - 2306 stoploss 2303
OANDA:XAUUSD
by TVS-Trader
Heading into 50% Fibonacci resistance?GBP/CAD is rising towards a resistance level which is a pullback resistance which aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.75140 Why we like it: There is a pullback resistance level which lines up with the 50% Fibonacci retracement. Stop loss: 1.75979 Why we like it: There is a pullback resistance level. Take profit: 1.73398 Why we like it: There is a pullback support level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets