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AUD/USD Gains Positive Momentum Amid Global Market DynamicsAUD/USD Gains Positive Momentum Amid Global Market Dynamics The Australian Dollar (AUD) is riding a wave of positive momentum during Friday's European session, extending its bullish trend from earlier in the week. A brighter sentiment in European markets and some profit-taking after a robust US dollar rally are contributing to the Aussie's upward trajectory. Technical Analysis: The price action tells an encouraging story, bouncing off the 0.6525 support zone, strategically located at the 50% and 61.8% Fibonacci levels. This rebound, in conjunction with the Dynamic trendline, has propelled the price above the 200-day moving average. Adding to the bullish outlook, the Stochastic indicator is poised to exit the oversold condition. These combined indicators present favorable signals for a potential new bullish impulse, suggesting an upward movement in the price. US Data Influence: Recent data from the United States has lent support to the USD, with jobless claims declining against expectations last week. This supports the narrative of a resilient US economy, challenging the earlier market sentiment that had priced in rate cut expectations in December. The USD's strength is a crucial factor influencing global currency movements, including the AUD. China's Economic Struggles: On the flip side, data from China has added a layer of complexity to the global economic landscape. The fourth quarter's GDP and Retail Sales figures fell below expectations, underscoring challenges in the world's second-largest economy. This has left investors eager for more robust stimulus measures and heightened negative pressure on the Australia-proxy AUD. Outlook and Targets: In light of the technical indicators and the broader market dynamics, we anticipate a bullish continuation for the Australian Dollar. Our targets are set at 0.6700 and above, reflecting our optimism for sustained upward movement. However, market participants should remain vigilant, considering the ever-changing global economic landscape, and adjust their strategies accordingly. Conclusion: The Australian Dollar's positive momentum is a testament to the intricate interplay of global market dynamics. Technical indicators align with the bullish sentiment, while factors like USD resilience and China's economic struggles add layers of complexity. As the AUD charts a path towards higher levels, traders should stay adaptable and closely monitor evolving economic indicators for a comprehensive understanding of the currency's trajectory. Our preference Long positions above 0.64 with targets at 0.68 & 0.69 in extension.
Long
by FOREXN1
5
🔥 XAU/USD - Gold will Fall to $1900 ? (READ THE CAPTION)By examining the gold chart in the daily time frame, we can see that after the last analysis, the price of gold rose up to $2062 to collect more liquidity, and after reaching $2065, it faced a heavy fall, And the price on Friday and today was able to correct up to $2015 with a further drop! We saw more than 500 pips falling in less than 2 days! Now, only if the price stabilizes below $2040, we can expect more fall from gold! The next important demand range is between $1997 and $2007! The short-term downward targets for gold are $1973, $1965, $1932 and $1884, respectively! 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
FOREXCOM:XAUUSDShort
by ArmanShabanTrading
6
AUDNZD → Trade Analysis | Bullish opportunityHello Traders, here is the full analysis. Price reversal going up levels for BUY . GOOD LUCK! Great BUY opportunity AUDNZD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗
Long
by TheGrove
1
usdjpy toward to resistance breaking news for buyers Usdjpy buy here show the chart It's no surprise to see the US dollar sizzling today after non-farm payrolls rose by 353,000 jobs compared to 1800,000 expected. It's the strongest month of jobs gains in a year and raises big doubts about whether the Federal Reserve will be cutting rates anytime soon. USD/JPY is a big beneficiary, up 180 pips to 148.11 today. The pair had fallen every day this week until today but with the big gain, it's now higher than it
Long
by Mrsam36
EUR/USD key levelOANDA:EURUSD Now for the Euro we are in a global sideways range We need to wait for a reaction from the key level marked with a red eye. Next, you can consider opening long-term positions in continuation of the trend. Otherwise, we will go to the 1.050 zone On a 15-minute timeframe, you can work locally long until the turbulence zone Also on the 4h timeframe we have a 5-point divergence in the buy zone P.S (This is not an investment recommendation, this is my personal opinion.)
by DpS_WTF
USDCAD BUY | Day Trading AnalysisHello Traders, here is the full analysis. The completed correction, recovery and formation of a pre-breakout set-up hint at the continuation of growth. GOOD LUCK! Great BUY opportunity USDCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
1
eurusd toward the downside read the caption the eurusd has just made a new 6-week low, but may have found some support, even if it is short term, at $1.0773. I think the outlook is bearish due to the bearish technical and the resilience in the US Dollar which continues as Fed Chair Powell continues to talk down the prospect of an early rate cut. I think the best opportunity today in this currency pair will likely be on the short side: either a breakdown once the price gets established below the lower trend line of the descending price channel or following a retracement to the resistance level at $1.0817 followed by a rejection of that level. The logical profit target is $1.0724.
Short
by Mrsam36
USDCAD an updatehello guys... it was the last analysis of the usdcad: "look at the bottom of the chart, as you can see the last lower low touched the flip area and was rejected from there! so we can count on another upward movement! on the other side, in a higher time frame, we can watch the price make a Quasimodo pattern and now it touches it with a pin bar candle so we can observe another rejection here! we can get a long position here and close half of our position in the blue areas!" as you can see the first target touched and the price did a correction! now I think this correction is over and it's time for the price to touch the next target! let's review usoil too: _______________________________ always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment
Long
by melikatrader94
2
GBPUSD Day Analysis | Sell Setup| Bearish is comingHello Traders, here is the full analysis. This is my current view on GBPUSD. Price is hovering around our entry zone. Possible strong bearish movement expected! Keep an eye out. A good entry now with accurate stop loss can be a good one. I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗
Short
by TheGrove
3
EUR/USD Displays Resilience Amidst Market FluctuationsIn a turn of events, the EUR/USD pair rebounded during the latter half of Thursday's European session, recuperating from its earlier dip to 1.0780, the lowest level since December 13. Closing on a positive note, the pair currently maintains its position above the 1.0880 area as the near-term outlook suggests a bullish trend. The intriguing dynamics in play are further heightened by the imminent release of key economic indicators, notably the Non-Farm Employment Change, Average Hourly Earnings (m/m), and the Unemployment Rate, set to unfold today. The strategic analysis points toward a potential pullback before definitively breaching the dynamic resistance of the range channel, setting the stage for a robust upward trajectory towards our target point. The US Dollar, however, found itself on shaky ground during Thursday's American session. This was attributed to declining US Treasury bond yields, spurred by lackluster employment-related data releases. Notably, Weekly Initial Jobless Claims rose to 224,000, marking the highest figure since early November. The ISM Manufacturing PMI survey further contributed to the Dollar's decline as the Employment Index dropped to 47.1 in January from 47.5 in December. As the market eagerly awaits the Nonfarm Payrolls (NFP) report, expectations are set at a forecasted rise of 180,000. During the post-meeting press conference on Wednesday, Federal Reserve Chairman Jerome Powell hinted at potential rate cuts sooner than anticipated if unexpected weakening in the labor market occurs. An NFP reading below 150,000 may reignite expectations for a rate cut in March, resulting in continued weakness for the USD against its counterparts. Conversely, a figure exceeding 200,000 could delay the policy pivot to May, potentially triggering a rebound for the USD in the American session. According to the CME FedWatch Tool, the probability of a 25 bps rate cut in March currently stands at 37.5%, while it reaches 60% for May, reflecting the market's anticipation of potential shifts in the Federal Reserve's monetary policy. Our Preference: Following the previous analysis, we have adjusted the stop loss to 1.07200. We anticipate a pullback to around 1.08500 or above, with the expectation of further upward movement.
Long
by FOREXN1
2
EUR/USD:Analyzing Impact of FOMC Decision and Powell's RemarksEUR/USD: Analyzing the Impact of FOMC Decision and Powell's Remarks The EUR/USD experienced a notable reversal following the Federal Open Market Committee (FOMC) release, as Chairman Jerome Powell's remarks influenced market sentiment. This article delves into the aftermath of the FOMC decision, the Eurozone's recent inflation data, and the upcoming economic indicators influencing the EUR/USD outlook. FOMC Decision and Powell's Remarks: The FOMC opted to keep interest rates unchanged, aligning with widespread expectations. Powell's press conference introduced a cautious tone, emphasizing the need for "greater confidence" in inflation reaching the 2% target before considering rate cuts. While a March rate cut is not the base case, Powell's comments triggered increased demand for the US Dollar and impacted Wall Street. EUR/USD Technical Analysis: Despite the initial bearish impulse, the EUR/USD found support around the 1.08000 level. The subsequent bullish candle indicates an attempt to recover lost ground. A long-term bullish forecast is maintained on the H4 timeframe, emphasizing the potential resilience of the Euro against the US Dollar. Eurozone Inflation Data: The Eurozone's preliminary estimate of the January Harmonized Index of Consumer Prices (HICP) showed an annual rise of 2.8%, in line with expectations. The core annualized reading, although slightly easing to 3.3%, remained above the anticipated 3.2%. This data provides insights into the inflationary pressures within the Eurozone. US Economic Indicators: In the United States, the January Challenger Job Cuts revealed a significant increase, with employers announcing 82,307 cuts compared to December's 34,817. Later releases, including Initial Jobless Claims, Q4 Unit Labor Costs and Nonfarm Productivity, and the January ISM Manufacturing PMI, will be closely watched for their impact on the labor market and overall economic health. Upcoming Nonfarm Payrolls (NFP) Report: As employment-related figures take center stage, the market awaits Friday's NFP report. These indicators contribute to the broader understanding of the US labor market and could influence the trajectory of the EUR/USD pair. Conclusion: The EUR/USD's response to the FOMC decision and Powell's comments reflects the intricate dynamics between major central bank policies. With a focus on upcoming economic indicators, including the critical NFP report, traders will navigate evolving market conditions and potential shifts in the currency pair's trajectory.
Long
by FOREXN1
1
USDJPY→ Day Analysis | Sell SetupHello Traders, here is the full analysis. Great SELL opportunity USDJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
3