GBPUSD 200pips DROP INCOMING. GRAB A SEAT.As DXY (US DOLLARS) continue to rise, we expect xxxUSD to have some SELL off and that includes GPBUSD as well. right now we expect, GBPUSD to SELL all the way down to the PREVIOUS LOW about 200pips drop from where we are right now.
#1 - We expect price to drop from here with SL close to the AUTOMATED KEY ZONE ahead.
#2 - We expect GBPUSD to push a little then have the massive sell off, SL will be ABOVE the key zone ahead.
TARGET - We are looking at first two AT THE DOUBLE BOTTOM.
Forexsignal
Another buy target of BTC 52000 read the caption BTC hit 50000 but another target 52000
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AUDUSD IMPULSE LEG SOON! Don't MISS IT. The US DOLLAR is about to see a SELL OFF soon. We are looking at AUDUSD LONG to take advantage of the US DOLLAR drop.
#1 We expect the rally to begin from the current leg and SL below the key zone.
#2 We expect a sweep of the last LOW before the IMPULSE LEG begins.
Overall we are looking at a potential ride of about 250pips.
DON'T MISS IT!
USDCAD potential buyusdcad is making higher highs and higher lows on higher time frames and on the 4hr intraday time frame price is respecting support so i decided to get in at a one hour engulfing i also gave an update on AUDCAD.While AUDCAD is moving in a downward direction showing selling pressure at the moment i am waitin fot it to play out as planned.
JPY 1D Outlook for next week JPY 1D Outlook for next week
Currently JPY running with Descending channel and still on path correctly. Already broke the 4H Support level 754.4 and continues bear market.
Analyze recommend to open buy order with All JPY pairs according to strong side. ( USDJPY Didn't recommend till CPI )
Key levels D1
Pressure level located | 767.3 | 774.6
Support level located | 748.2 | 744.6
EURUSD NEXT WEEK Current situation 4H,EURUSD NEXT WEEK Current situation 4H,
The price reached 1H resistance level and rejected. According to 4H, Confirmed resistance level still in position 1.08966
Sell opportunity Is 1.0180 level in 1H time frame. Buy opportunity located at 1.0724 1H and H4 Support. Stop arrange according to your margin.
Key level update,
Resistance | 1.08966 | 1.10096 | 1.11402
Support | 1.0724 | 1.0655
USD WEEK | DXY 4H General outlookUSD WEEK | DXY 4H General outlook
Technical Analysis Expected Move Confermation After the Breakout consolidation
Still didn't breakout and tried to pull back to 4H Support level. USD will be down in the next few days. Already rejected with resistance. Confirmed with Middle side candles.
EURUSD → Day Analysis | BUY SetupHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 GOOD LUCK! Great BUY opportunity EURUSD
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Story of BTC push up read the caption Btcusd strong bullish
It will be met with buying interest, potentially propelling the market towards the $52,000 level. However, surpassing this point may lead to a more sustained buy-and-hold approach. Nonetheless, overcoming the existing resistance levels poses a challenge, considering the market's prolonged period of overextension.recent introduction of the ETF has facilitated easier shorting of the Bitcoin market, the practical application of Bitcoin by institutions remains uncertain, contributing to ongoing speculative fervor. While concerns persist regarding the cryptocurrency's viability in the long term, current market dynamics indicate a willingness among investors to engage in speculative trading.
A perfect buy trade for AUDUSD This opportunity is a low risk with high reward trade. You can see there are some extremely powerful support & resistance levels attached to the chart.
I am buying this trade because AUDUSD clearly can't break the support level and i see a nice upturn towards the resistance level.
GBPCAD Analysis(➡️RR=2.00)🏃♂️ GBPCAD is moving near 🟡 Potential Reversal Zone(PRZ) 🟡and 200_SMA(Daily) .
🌊Regarding Elliott Wave theory , GBPCAD is completing the Expanding Flat(ABC/3-3-5) corrective structure.
💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys .
🔔I expect GBPCAD to rise to at least the 🔴 Resistance zone(1.715 CAD-1.700 CAD) 🔴 after breaking the Resistance line .
British Pound/Canadian Dollar ( GBPCAD ) 4-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
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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.
🔥 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
Gbpusd surely down read all info read the caption Gbpusd surely Fall soon down on the earth
the current short term trend to the upside. If the price were to break below the trendline, we can expect the sellers to pile in already to position for a break below the 1.24 handle and new lower lows. The buyers, on the other hand, should keep on leaning on the trendline to continue targeting the 1.25 resistance
AUDNZD → Trade Analysis | Bullish opportunityHello Traders, here is the full analysis.
Price reversal going up levels for BUY . GOOD LUCK! Great BUY opportunity AUDNZD
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Today XAUUSD Setup | GOLD 06th of February 2024Today XAUUSD Setup | GOLD
06th of February 2024
01 : Around BUY 2020 TP 2025 - 2030
02 : Around SELL 2030 TP 2025 - 2020
03 : Around BUY 2010 TP 2015 - 2020
04 : Around SELL 2040 TP 2035 - 2030
05 : GOLD Broke 2030 - BUY Trade 2035 - 2040
06 : GOLD Fell below 2020 - SELL Trade TP 2015 - 2010
07 : GOLD Broke below 2040 - Buy Trade TP 2045 - 2050
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
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.)
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.
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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💰