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GBPNZD Analysis🏃‍♂️ GBPNZD is moving in a Descending Channel and broke the Uptrend line and 🟢 Support zone(2.077 NZD-2.073 NZD) 🟢. 🔔 After completing the pullback , I expect GBPNZD to decline to at least the 🟢 Support zone(2.060 NZD-2.056 NZD) 🟢 and the lower line of the descending channel. British Pound/New Zealand Dollar ( GBPNZD ), 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.
Short
by pejman_zwin
1
EUR/USD: Strategic Insights - Bullish Patterns - FOMCThe EUR/USD pair has embarked on the final day of January with a notable bullish impulse, setting the stage for potential market shifts during the London session. Wednesday's Asian session witnessed another test of the crucial 1.08000 support level, marking a strategic entry point. The price action suggests the emergence of a Double Bottom setup, with indicators such as a stochastic RSI divergence on the 4-hour chart within a bearish channel and a recent rebound off a daily dynamic trendline adding to the intrigue. On the 1-hour timeframe chart, the Euro (EUR) has initiated a bullish move from the 61.8% Fibonacci area. This development potentially serves as a confirmation pattern aligning with our earlier double bottom thesis observed on the 4-hour timeframe. Quasimodo Bullish Pattern ( Reversal ) However, as the market dynamics unfold, various factors are contributing to the pair's movements. The JOLTS report released on Tuesday indicated an unexpected increase in US job openings to 9.02 million in December. This unforeseen strength in the labor market may influence the Federal Reserve (Fed) to refrain from initiating interest rate cuts in the first quarter, lending support to the resilient US Dollar (USD). Geopolitical tensions in the Middle East and concerns about China's economic challenges are additional elements boosting the safe-haven appeal of the USD and exerting pressure on the EUR/USD pair. Despite the prevailing headwinds, the recent dip in US Treasury bond yields might temper the enthusiasm of USD bulls, particularly with the highly-anticipated FOMC monetary policy decision looming on the horizon. Concurrently, uncertainty surrounding the European Central Bank's (ECB) potential interest rate adjustments could act as a tailwind for the Euro (EUR). This complex interplay of factors might curtail further depreciation of the EUR/USD pair, aligning with our optimistic outlook and anticipation of a bullish position on the Euro. As we navigate the month-end market swings, traders are advised to remain vigilant, considering both global economic indicators and geopolitical events that could influence the currency pair's trajectory. The balance of these factors will likely shape the EUR/USD landscape in the coming sessions, making strategic positioning and risk management crucial for traders seeking opportunities in this dynamic forex market. Our Idea: Long positions above 1.06700 with entry at 1.08000 and targets at 1.1000 & 1.1150 in extension.
Long
by FOREXN1
1
Gold trading strategy today, Buy trend returnsGold prices steadied early in the US session on more safe-haven demand after a weekend terrorist attack in Jordan left three US soldiers dead. The recent attack on US forces in Jordan threatens to spread conflict in the Middle East, when US leaders are under pressure from Congress to take action in response. The world is anxiously waiting for the US military's response. President Biden said the US will respond. Developments in the Middle East cause gold prices to continue to rise. However, analysts say that the continuous adjustment of market expectations about when to cut interest rates by the US Federal Reserve (Fed) could hinder the rise in gold prices. The US Dollar Index (DXY) measures the greenback's fluctuations with 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF), at 103.48 points. In China, a Hong Kong court issued an order to liquidate Evergrande Group after the company failed to reach an agreement with creditors. The liquidation will be closely watched by the market.
OANDA:XAUUSDLong
by FalCol_TradingMaster
gbpusd confirm buy read the caption gbpusd confirm analysis of buy soon gbpusd buy mare than expected is going to be a really busy one with the FOMC rate decision and lots of economic data on the agenda. We begin today with the US Job Openings and the US Consumer Confidence reports. Tomorrow we will see the US Employment Cost Index and the ADP data before the FOMC rate decision later in the day On Thursday, we have the BoE rate decision and later in the day the latestI. Finally, on Friday, we conclude the week with the US NFP report.
Long
by Mrsam36
EUR/USD Faces Pressure Amidst ECB Remarks and FOMC AnticipationEUR/USD Faces Pressure Amidst ECB Remarks and FOMC Anticipation EUR/USD experienced a decline on the last Monday of the month, closing near the psychological level of 1.08000. The downward pressure was influenced by remarks from the European Central Bank (ECB) and the looming Federal Open Market Committee (FOMC) meeting. The breach of the dynamic trendline and a dip below the 61.8% Fibonacci level placed the price just beneath the 78.6%, within the range and approaching the 88.6%. Technical Indicators: Stochastic indicators signal oversold conditions, accompanied by a slight divergence. The potential policy shift hinted by the ECB has prompted a decline in the Euro, with market focus now shifting to the upcoming Fed decision. The recent strong economic growth and inflation in the US present a challenging decision for Powell and the Federal Reserve. Market Dynamics: Buyers are striving to maintain the exchange rate above the 1.0800 level in anticipation of Wednesday's FOMC decision. Despite a drop in US Treasury yields, USD bulls are not finding the push they need, resulting in the EUR/USD trading at 1.0809, down 0.39%. Outlook: The focus remains on buying opportunities for EUR/USD at a discounted exchange rate, anticipating a potential increase in value. Traders are advised to stay vigilant for market developments and the outcome of the FOMC decision, as it could significantly impact the direction of the currency pair. Our preference Long positions above 1.06700 with entry at 1.08000 and targets at 1.1000 & 1.1150 in extension.
Long
by FOREXN1
2
NZDUSD → Trade Analysis | Bullish opportunityHello Traders, here is the full analysis. Price reversal going up levels for BUY . GOOD LUCK! Great BUY opportunity NZDUSD 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
3
NZDUSD Analysis(➡️RR=2.00)🏃 NZDUSD is moving near a 🟢 Heavy Support zone($0.6110-$0.6050) 🟢. 📈Regarding Classic Technical Analysis , it seems that NZDUSD has succeeded in forming a Double-Bottom Pattern , and we are currently witnessing a pullback to the Neckline . 🌊In terms of Elliott wave theory , NZDUSD seems to have completed 5 impulsive waves and is currently completing corrective waves . 🌊Most likely, the structure of correction waves is Double Three Correction(WXY) . 🔔I expect the NZDUSD to rise to at least the 🔴 Resistance zone($0.6220-$0.6178) 🔴 again after the pullback completes. New Zealand Dollar/U.S.Dollar Analyze ( NZDUSD ), 15-minute 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
7
EURCAD Analysis Price is currently in a William-Certified RangeEURCAD Analysis Price is currently in a William-Certified Range (WCR), hovering near the 4H Support at 1.45500. Scenario 1: BUY entries can be taken the moment a bullish confirmation pattern is formed, with targets set at the 4H Resistance at 1.47200. Scenario 2: SELL entries can be taken after price breaks through the 4H support, retests it and forms a bearish confirmation pattern. Targets will be placed at the next 4H Support at 1.44800.
by chamitha45
AUDUSD SELL | Day Trading AnalysisHello Traders, here is the full analysis. Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity AUDUSD 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
1
🚀EURUSD is Ready to GO UP🚀🏃 EURUSD is moving near the 🟢 Support zone($1.0800-$1.0756) 🟢. 🌊According to the theory of Elliott waves , EURUSD seems to have completed its five downtrends . 💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys . 🔔I expect EURUSD to rise at least to the end of wave 4 at the 🔴 Resistance zone($1.0916-$1.0880) 🔴 in the coming hours or the coming week . 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
1
EUR/USD Finds Solid Support at 1.08500 Amidst Tepid Data.EUR/USD Finds Solid Support at 1.08500 Amidst Tepid Data, Eyes on Maintrend Continuation In a noteworthy turn of events, the EUR/USD has staged a rebound, establishing a robust support zone at 1.08500. This critical level is reinforced by the confluence with the Dynamic trendline, acting as dynamic support, and the 61.8%-78.6% Fibonacci zone. Additionally, a Bullish Divergence in the RSI and a favorable reaction at the 200-day Moving Average signal potential upward momentum. Euro Resilience Despite Local Data: Interestingly, the Euro has demonstrated resilience despite tepid local data. The preliminary Producer Manager Index (PMI) survey conducted by the Hamburg Commercial Bank (HCOB) indicates that business activity in the euro area contracted at the slowest rate in January, marking a six-month low. However, the official report highlights persistent downturns in both manufacturing and service sectors, coupled with further declines in new business. German PMI Figures: Breaking down the data, Germany's Manufacturing PMI recorded 45.4, while the services index posted at 47.6. For the Eurozone, the Services PMI came in at 48.4, a slight decrease from the previous 48.8. On a positive note, the manufacturing index showed improvement, rising to 46.6 from 44.4 in December. Upcoming US Preliminary PMIs: Later in the day, S&P Global is set to release the January preliminary PMIs for the United States (US). Market expectations lean towards manufacturing output maintaining its position in expansionary territory. This event could introduce further dynamics to the EUR/USD pair, given the interconnectedness of global markets. Technical Outlook and Maintrend Continuation: From a technical perspective, the confluence of support factors at 1.08500, along with the positive indications from the RSI and the 200-day Moving Average, strengthens the case for a continuation of the current tendency. Traders will be closely monitoring how the pair navigates through these levels and whether the rebound can be sustained. Conclusion: The EUR/USD's resilience at the crucial support level of 1.08500, despite mixed local data, underscores the significance of technical factors in guiding market movements. As the pair eyes a continuation of the maintrend, upcoming US PMI data could play a pivotal role in shaping short-term market dynamics. Traders should remain vigilant and adapt their strategies in response to evolving technical and fundamental factors in the forex landscape. Our preference Long positions above 1.07700 with targets at 1.1000 & 1.1150 in extension.
Long
by FOREXN1
4
EURUSD Analysis(➡️RR=2.00)🏃 EURUSD is moving in the 🔴 Resistance zone($1.0910-$1.0880) 🔴 and near the Downtrend line . 🌊According to Elliott's wave theory , Bitcoin seems to have completed wave 4 at the 🔴 Resistance zone($1.0910-$1.0880) 🔴. 🔔I expect EURUSD to continue to Decline at least to the 🟢 Support zone($1.0800-$1.0756) 🟢. -------------------------------------------------------------------------------- EURUSD 🔴Position: Short ✅Entry Point: 1.08877 USD (Stop Limit Order) ⛔️Stop Loss: 1.09380 USD 💰Take Profit: 🎯 1.08372 USD RR==1.00 🎯 1.07869 USD Risk-To-Reward: 2.00 Please don't forget to follow capital management ⚠️ Please pay attention to the style of opening the position.⚠️ -------------------------------------------------------------------------------- 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.
Short
by pejman_zwin
3
METAL Gold rose as Treasury yields fell following US GDP dataGold edged higher on Thursday as Treasury yields eased after US GDP data highlighted a softening in the pace of inflation, while focus turned to PCE data for further hints on taper strategy Federal Reserve interest rates. Benchmark 10-year Treasury yields fell after GDP data. The US economy grew faster than expected in the fourth quarter thanks to strong consumer spending, with full-year growth reaching 2.5%. “The economy is much hotter than expected, but at the same time, we have a situation where inflation is falling, so we are not should prepare for a sudden increase in interest rates." at TD Securities, said, adding that that is helping gold. Lower interest rates reduce the opportunity cost of holding bullion. According to CME FedWatch Tool, the market expects the Fed to leave interest rates unchanged at its policy meeting on January 30-31 and is expected to cut interest rates by 89% in May. Gold also received some support from a separate report showing initial claims for state unemployment benefits in the United States rose 25,000 to a seasonally adjusted 214,000 in the week ended January 20 .Economists had forecast 200,000 claims in the latest week.
OANDA:XAUUSDShort
by NicoTradingMaster
Gold continuously adjusts downward, latest trading strategyWorld gold prices this morning inched up slightly with spot gold increasing by 7.9 USD to 2,019.9 USD/ounce. Gold futures last traded at 2,021 USD/ounce, up 9 USD compared to yesterday morning. Gold inched up slightly in Thursday trading thanks to falling Treasury yields after US GDP data showed the US economy grew faster than expected in the fourth quarter thanks to strong consumer spending, with Growth for the whole year reached 2.5%, and inflation is "cooling down". According to TD Securities commodity strategist Bart Melek, although the economy is much hotter than expected, the report also shows us that inflation is falling, so we should not prepare for a rise in interest rates. spike. This is helping gold, the expert added. According to CME FedWatch Tool, after the report, the market expects the US Federal Reserve (Fed) to keep interest rates unchanged at its policy meeting on January 30 and 31 and forecasts an 89% chance of cutting interest rates. capacity in May. In addition, gold also received some support when a recent report showed that US initial jobless claims increased by 25,000 to a seasonally adjusted level of 214,000 in the week ended January 20. . Economists had forecast 200,000 claims in the latest week.
OANDA:XAUUSDLong
by FalCol_TradingMaster
XAU price swept both directions and increased slightly in gold tDuring the January 25 session, world gold prices dropped to $2,014 after the fourth quarter US GDP report was higher than expected, showing that the world's largest economy is still operating stably. In case the price rises, the bulls need to scale the resistance at $2,025 and then $2,039 to move towards the current price target of $2,050. On the contrary, the bears are targeting the $2,004 support to push the price down to $2,000. Currently, gold is increasing slightly to $2,022. Today, the market will receive US PCE data for December with an expected increase of 0.2% in December. Data higher than estimates could make the Fed reconsider its current policy and push gold down further. . Gold investors will closely monitor the Fed's interest rate decision next week as the bank is expected to leave interest rates unchanged.
OANDA:XAUUSDShort
by TrategySherpa
EUR/USD Struggles for Direction Amid ECB Rate Cut UncertaintyEUR/USD Struggles for Direction Amid ECB Rate Cut Uncertainty The EUR/USD pair finds itself in a tight trading range below the 1.0900 and 1.08500 levels during the European session on Wednesday. Traders appear cautious, refraining from making aggressive directional moves as uncertainty looms over the potential timing of an interest rate cut by the European Central Bank (ECB). ECB Rate Cut Speculations: The first ECB policy rate cut is anticipated in April, with markets pricing in a total reduction of 135 basis points (bps) by the end of 2024. However, ECB President Christine Lagarde's recent signal that borrowing costs may only start decreasing in the summer, contingent on supportive economic data, has left traders in a wait-and-see mode. The focus now shifts to the upcoming ECB monetary policy meeting on Thursday, seen as a pivotal event that could significantly impact the EUR/USD pair. Event and Data Risks: This week brings forth critical event and data risks, with preliminary estimates of the January Purchasing Manager Indexes (PMIs) set for release on Wednesday. These indicators will provide insights into the economic activity within the Eurozone and potentially influence the market sentiment. However, the real highlight of the week remains the ECB meeting on Thursday, where market participants anticipate clarity on the central bank's stance regarding interest rates and monetary policy. OCBC Bank's Analysis: Economists at OCBC Bank are closely analyzing the outlook for the EUR/USD pair. They suggest that an improvement in the PMI print could act as a catalyst, giving the Euro a renewed boost. Positive economic data may sway sentiment in favor of the Euro, offering traders additional insights as they position themselves in the market. Technical Perspective: From a technical standpoint, the EUR/USD maintains a bullish bias in higher timeframes. The current retracement, hovering around the 1.08500 area and in confluence with the Dynamic trendline, the 61.8%, and 78.6% Fibonacci zones, presents an interesting zone for potential buyers looking for discounted prices. This area could serve as a launching pad for a new bullish impulse, with the target set around the 1.1000 level. Conclusion: The EUR/USD pair faces a challenging environment as traders navigate uncertainty surrounding potential ECB rate cuts. With the focus on the ECB meeting and key economic indicators, market participants are adopting a cautious approach. The technical analysis suggests a bullish outlook, with the retracement presenting an opportunity for buyers to enter at a discount. However, the true catalyst for a sustained move may come from the ECB meeting and positive PMI prints, providing clarity and direction for the EUR/USD pair in the coming sessions. Traders are advised to stay vigilant and adapt their strategies accordingly in response to unfolding events and data releases. Our preference Long positions above 1.07700 with targets at 1.1000 & 1.1150 in extension.
Long
by FOREXN1
1