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Fundamental-analysis

Sell XAU/USD (Gold) Channel FormationThe XAU/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a Channel Formation pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 2650, This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 2624 2nd Support – 2607 Stop-Loss: To manage risk, place a stop-loss order above 2668. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
OANDA:XAUUSDShort
by KABHI_TA_TRADING
5
Fundamental Market Analysis for October 14, 2024 USDJPYThe USD/JPY pair is unable to capitalize on a modest rise in the Asian session or find support above 149.000 and is pulling back a few pips from the highest level since August 16 reached on Monday. Prices are dipping below 148.500, or a fresh daily low in the last hour, and for the moment appear to have broken the dollar's three-day winning streak, although the fundamental backdrop warrants caution from bearish traders. Japan's Deputy Finance Minister for International Affairs Atsushi Mimura said that the government will keep an eye on currency movements, including speculative moves, fueling speculation of possible intervention. This, in turn, provides some support for the Japanese Yen (JPY) and attracts sellers to the USD/JPY pair. Meanwhile, the decreasing chances of another interest rate hike by the Bank of Japan (BoJ) in 2024 and a more aggressive easing policy from the Federal Reserve (Fed) should continue to serve as a tailwind for the currency pair. Japan's new Prime Minister Shigeru Ishiba stunned markets last week by stating that the economy is not ready for further rate hikes. In addition, political uncertainty ahead of the October 27 general election may keep JPY bulls on the sidelines. Meanwhile, good US jobs data for the month released on Friday led investors to further reduce bets on a massive Fed rate cut in November. This helped the US Dollar (USD) maintain its recent strong rise to a seven-week high and should serve as a tailwind for the USD/JPY pair. This in turn suggests that any subsequent decline could still be seen as a buying opportunity, so it is prudent to wait for strong follow-through selling before confirming that the uptrend from a week ago has exhausted itself. As for further developments, there are no major economic data releases on Monday that could influence the market. Nevertheless, speeches by influential FOMC members may have an impact on the USD later in the North American session. In addition, geopolitical events should give a short-term impetus to the USD/JPY pair. Trading recommendation: Trade mainly with Buy orders from the current price level.
Long
by Fresh-Forexcast2004
Sell GBP/USD Triangle Breakout The GBP/USD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.3055 Target Levels: 1st Support – 1.2988 2nd Support – 1.2960 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
7
US Interest Rates: Impact on Global Markets and StrategiesUS interest rates are a cornerstone of the global financial system, wielding significant influence over markets worldwide. Set by the Federal Reserve (Fed), these rates dictate the cost of borrowing, the return on savings, and overall liquidity in the economy. However, the impact of US interest rates goes far beyond American borders, affecting currency pairs, stock markets, and global investment strategies. This article explores how changes in US interest rates shape global markets, including their effect on currencies like EUR/USD and USD/JPY, stock prices, and the strategies investors can adopt to navigate rate hikes and cuts. The Role of US Interest Rates in Global Markets US interest rates, specifically the federal funds rate, are a crucial tool for managing the US economy, but they also play a critical role in global financial stability. When the Federal Reserve adjusts interest rates, it signals shifts in economic conditions, such as inflation control or economic stimulation, to investors and central banks worldwide. Effective federal funds rate - Bank of New York The influence of US interest rates extends beyond domestic policy. A higher US interest rate often attracts global capital, strengthening the US dollar as investors seek better returns. This shift in investment flows impacts foreign currencies, stock markets, and global economic growth, making US monetary policy a key factor in global financial strategies. For example, a rise in US interest rates can strengthen the dollar and increase borrowing costs for emerging markets holding dollar-denominated debt. On the other hand, lower US interest rates can boost global liquidity, prompting investment in riskier assets like foreign equities or bonds. As such, US interest rates serve as a global benchmark, shaping monetary policy decisions and influencing investment strategies worldwide. Inflation and US Interest Rates Inflation is a central consideration in the Fed’s interest rate decisions. When inflation rises, the Fed typically raises interest rates to cool the economy by making borrowing more expensive, which in turn curbs consumer spending and business investment. Conversely, when inflation is low or the economy is struggling, the Fed cuts interest rates to encourage borrowing, boost spending, and stimulate economic growth. The US Dollar Currency Index (DXY) dropped during the coronavirus pandemic despite the Fed raising interest rates. However, the relationship between inflation and interest rates is a balancing act. If rates are cut too much or inflation rises while rates remain low, purchasing power can be eroded, causing instability in financial markets. In the global context, rising inflation in the US can weaken the dollar, affecting currency pairs like EUR/USD and USD/JPY, while inflation-related volatility in commodities like oil and gold can ripple across global markets. For global investors, tracking US inflation trends and the Fed’s response is crucial for understanding potential shifts in exchange rates and market stability. Impact on Currency Pairs US interest rates have a direct impact on the US dollar’s value relative to other major currencies. When the Fed raises interest rates, the US dollar usually strengthens because higher rates offer better returns on dollar-denominated investments. This increase in demand for the dollar causes currency pairs like EUR/USD, GBP/USD, and USD/JPY to move in favor of the dollar, making these currencies weaker relative to the USD. On the flip side, when the Fed lowers interest rates, the dollar typically weakens as investors look for higher returns in other currencies. As a result, other currencies gain strength relative to the USD, leading to significant shifts in global currency markets. Moreover, interest rate differentials—the gap between interest rates in different countries—create opportunities for strategies like the carry trade, where investors borrow in a currency with low interest rates (such as the Japanese yen) and invest in a currency offering higher yields (like the US dollar). These strategies add further volatility to currency markets, especially when central banks adjust their policies unexpectedly. Impact on Global Stock Markets US interest rates have a profound influence on global stock markets. When the Federal Reserve raises interest rates, yields on US Treasury bonds increase, making them more attractive to investors seeking safer returns. This can lead to a shift away from equities, especially in riskier markets like emerging economies, and into bonds, causing stock prices to fall. US Government Bonds 5 Years US Government Bonds 2 Years United State Interest Rate Higher interest rates can also hurt sectors that are sensitive to borrowing costs, such as technology and consumer discretionary, which rely heavily on debt to finance growth. In contrast, financial stocks, particularly banks, often benefit from rising interest rates as they can charge more for loans, improving their profitability. Conversely, when the Fed cuts interest rates, borrowing costs decrease, which can lead to a rally in stock markets. Sectors like technology and consumer discretionary tend to perform well in a low-interest-rate environment, as companies find it cheaper to borrow and expand. At the same time, dividend-paying stocks and real estate investment trusts (REITs) become more attractive as investors seek better returns than those offered by bonds. Possible Market Reactions to a Fed Rate Cut A Federal Reserve rate cut can trigger several reactions across global markets: --Stock Market Rally: Lower interest rates reduce the cost of borrowing for businesses, potentially boosting economic activity and stock prices. Sectors like technology and consumer discretionary often benefit, while investors may also flock to dividend-paying stocks due to their relatively higher yields. --Weaker US Dollar: A rate cut usually weakens the dollar, as lower rates make the currency less attractive to investors. This depreciation can benefit exporters and companies with significant foreign revenues but can hurt importers. --Increased Inflation Risk: While rate cuts stimulate growth, they can also fuel inflation if demand exceeds supply. Investors may turn to inflation-protected assets like commodities or inflation-linked bonds. --Emerging Markets: Lower US interest rates reduce borrowing costs for emerging markets, encouraging investment in their higher-yielding assets. However, a weaker dollar can lead to currency appreciation in these markets, impacting their export competitiveness. --Bond Market Dynamics: A Fed rate cut can lead to lower yields on short-term US government bonds, pushing investors to seek better returns in long-term bonds or riskier assets. Strategies for Managing Interest Rate Volatility In periods of fluctuating interest rates, investors must adjust their strategies to protect portfolios and capitalize on new opportunities. During Interest Rate Hikes: --Shift to Bonds and Fixed-Income Assets: As interest rates rise, bonds, particularly short-term ones, offer higher yields, making them an attractive addition to portfolios. --Focus on Financial Stocks: Banks and financial institutions benefit from higher rates, as they can charge more for loans, increasing their profits. --Reduce Exposure to High-Growth Stocks: High-growth sectors, like technology, are more sensitive to rising borrowing costs and may underperform during rate hikes. During Interest Rate Cuts: --Increase Equity Exposure: Rate cuts often lead to stock market rallies, particularly in growth-oriented sectors like technology. Increasing equity exposure during rate cuts can help capture gains. --Look for Dividend-Paying Stocks: In a low-rate environment, dividend-paying stocks become more attractive as investors seek yield. --Consider Real Estate Investments: Lower rates reduce borrowing costs, making real estate and REITs more appealing as an investment. Managing Volatility in Your Portfolio To navigate the volatility caused by interest rate changes, diversification is essential. A well-diversified portfolio, spanning stocks, bonds, commodities, and currencies, can help mitigate the impact of rate fluctuations on overall returns. Currency hedging is another key tool for managing volatility. When US interest rates rise, the dollar strengthens, potentially eroding the value of foreign-denominated investments. Hedging strategies using currency futures or options can protect against adverse currency movements. Lastly, a focus on defensive stocks—such as utilities and consumer staples—can provide stability in uncertain times. These companies tend to have stable earnings and are less affected by interest rate changes. Conclusion US interest rates wield significant influence over global markets, affecting everything from currency pairs to stock prices. Investors must stay informed about the Fed's actions and adapt their strategies to reflect the current interest rate environment. By incorporating risk management tools like diversification, currency hedging, and a focus on defensive stocks, investors can better protect their portfolios and capitalize on opportunities that arise from interest rate fluctuations.
TVC:DXYEducation
by FOREXN1
3
Fundamental Market Analysis for October 11, 2024 GBPUSDThe Pound-Dollar pair is unable to capitalize on a modest rebound from the 1.30200 area or one-month low and has been fluctuating in a narrow range during the Asian session on Friday. Spot prices are currently hanging around the mid-1.30000 area, unchanged for the day, and seem vulnerable to a continuation of the recent corrective decline from the highest level since March 2022 reached last month. US initial jobless claims data released on Thursday pointed to signs of weakness in the US labor market and suggested that the Federal Reserve (Fed) will continue to cut interest rates. This kept the US Dollar (USD) on the defensive below its highest level since mid-August and provided some support for the GBP/USD pair. Nevertheless, investors seem to have already fully appreciated the possibility of more aggressive Fed policy easing. These expectations were confirmed by the minutes of the September FOMC meeting and stronger than expected US consumer inflation data. In addition, persistent geopolitical risks associated with ongoing conflicts in the Middle East serve as a tailwind for the safe-haven US Dollar and limit GBP/USD growth. From the latest developments: the Israeli army claimed to have killed the top commander of the Palestinian militant group Islamic Jihad in the Nur Shams refugee camp in the occupied West Bank. This, as well as market confidence that the Bank of England (BoE) may be about to accelerate its rate cut cycle, could continue to undermine the British Pound and keep the currency pair under control. Market participants are now awaiting the release of UK macroeconomic data, including monthly GDP, to provide some momentum. However, the focus will remain on the US Producer Price Index (PPI), which will be released later in the North American session. In addition, on the economic front, the US will release preliminary data on the Michigan Consumer Sentiment Index and inflation expectations. This data, along with the speeches of influential FOMC members, will stimulate demand for the US dollar and allow traders to take advantage of short-term opportunities in the GBP/USD pair on the last day of the week. Trading recommendation: Trade mainly with Sell orders from the current price level.
Short
by Fresh-Forexcast2004
Sell GBP/USD Bearish ChannelThe GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.3060, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.2985 2nd Support – 1.2953 Stop-Loss: To manage risk, place a stop-loss order above 1.3100. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
14
Sell EUR/AUD Triangle BreakoutThe EUR/AUD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.6280 Target Levels: 1st Support – 1.6192 2nd Support – 1.6152 Stop-Loss: To manage risk, place a stop-loss order above 1.6330. This helps limit potential losses if the price falls back unexpectedly. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
10
Sell EURUSD Bearish ChannelThe EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.0986, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.0935 2nd Support – 1.0909 Stop-Loss: To manage risk, place a stop-loss order above 1.1005. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
24
Copper Pulls Back as China Optimism FadesCopper extended the August rebound into autumn and reached three-month highs, helped by the Fed’s jumbo rate cut and massive stimulus from Chinese authorities aiming to prop the economy and the property sector. However the measures do little to address the structural problems and the real estate market is unlikely to return to its former glory, while the lack of follow through on the fiscal front this week caused prior optimism to subside. Furthermore, the Fed has struck a more cautious approach towards further easing and Friday’s strong jobs report supported the reserved commentary. Markets have now priced out previous aggressive bets for 75 bps of cuts this year, aligning with the Fed’s 50 bps projections. Copper pulls back as a result, threatening the EMA200 (black line) and the 50% Fibonacci of the recent recovery. A breach would pause the upside bias, send the non-ferrous metal into the daily Ichimoku Cloud and expose it to the ascending trend line from the August lows. Deeper correction however does not look easy under the current technical and fundamental backdrop. There are still hopes for additional Chinese stimulus (potentially within the weekend), while prospects of US soft-landing and easier monetary policies in major economies can support higher prices. So do the AI boom and the green energy transition. Copper tries to defend the EMA200 that maintains its recovery momentum. This will allow it to push again towards 4.791, but we are cautious around further strength at this stage. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”) (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.
FX:COPPERLong
by FXCM
Markets collapse: investors flee China!The Chinese stock market is experiencing a sharp decline following a strong rally in recent weeks. On October 8, the Hang Seng Index (#HSI on FreshForex) plummeted by 9.56%, reaching 20,893 points. The Hang Seng China Enterprises Index, which tracks Chinese stocks traded in Hong Kong, dropped even further — by 10.9%. The CSI 300 Index of mainland China, which started the day with an 11% gain, ended with a nearly 8% loss. The main reason for the drop is growing investor dissatisfaction with the lack of new economic stimulus measures from the Chinese government. Expectations were high, especially after the National Development and Reform Commission's press conference, where economic support was promised but no concrete actions were provided. This has heightened uncertainty in the market. What has been done previously: - In late September, the Chinese government announced plans to strengthen economic stimulus, promising fiscal injections and support for the real estate sector. - The People's Bank of China lowered reserve requirements for banks, freeing up 1 trillion yuan ($142 billion) for the market. - There are plans to lower mortgage rates and the down payment for second-home purchases to a record low of 15%. Bottom line: The market is waiting for action. Given the history of sharp declines in the Chinese market, such as in 2015 when the CSI 300 Index lost 40% in two months, the Chinese government cannot afford a similar outcome and may direct efforts to strengthen investor confidence. Since mid-September, #HSI has experienced a steady bullish trend, and our analysts believe these trends could repeat.
HSI:HSILong
by Fresh-Forexcast2004
Market Fundamental Analysis for 8 October 2024 GBPUSDThe Pound-Dollar pair attracted some buying during the Asian session on Tuesday and so far seems to have broken a five-day losing streak, hitting a near four-week low near 1.31600 reached the previous day. However, spot prices are unable to consolidate above the 1.31000 mark, causing bullish traders to be somewhat cautious. Investors remain concerned that tensions in the Middle East could escalate into a larger conflict. In addition, not-so-optimistic comments from the National Development and Reform Commission (NDRC) overshadowed the recent optimism from China's stimulus measures and curbed investors' appetite for risky assets. This is evidenced by the overall weak tone in equity markets, which in turn could help drive inflows into the US Dollar and constrain the GBP/USD pairing. Meanwhile, Bank of England (BoE) Governor Andrew Bailey said last week that there is a possibility that the central bank could become more aggressive in cutting rates if there is further good news on inflation. This could help limit British Pound (GBP) gains and suggests that the path of least resistance for the GBP/USD pair lies to the downside. As such, any further upward movement could be seen as a selling opportunity and risks quickly coming to naught. On Tuesday, no market-important economic data will be released from either the UK or the US, so the dollar and the GBP/USD pair will depend on the Fed's words. Meanwhile, attention will be focused on the release of the FOMC meeting minutes on Wednesday. It will be followed by data on the Consumer Price Index (CPI) and Producer Price Index (PPI) in the US, which will play a key role in stimulating demand for the dollar and will give a new impetus to the currency pair. Trading recommendation: Watch the level of 1.31000, when fixing above it consider Buy positions, when rebounding we consider Sell positions.
by Fresh-Forexcast2004
Bigger Bubble" Creation vs. Downtrend Bubble Burst: What Comes NMore Giant Bubble" Creation vs. Downtrend Bubble Burst: What Comes Next? As the Federal Reserve (Fed) begins its rate-cutting cycle, the stock market and gold prices are hitting record highs, fueling growing investor confidence in a soft landing for the U.S. economy. However, it’s important to remain cautious. The market may appear to be creating a "bigger bubble," but investors should consider secondary effects. An economic slowdown could trigger a sudden market crash even with continued rate cuts. A critical indicator to watch is the U.S. Treasury yield curve, which often signals an impending recession. Recently, a closely watched segment of the yield curve has returned to a typical slope after being inverted, signaling that a sharp economic downturn may be imminent. "When the inversion ends, the real countdown begins, and that’s where we are now." "Bigger bubble" creation vs. downtrend bubble burst?! Waiting for a LONG trade: Please refer to the chart. Long trade entry set up target and s/l. Methodology: Fibonacci Channel & Fibonacci Retracement Risk control reference pivot points: Daily pivot points (table provided) 4-hour pivot points (table provided) www.tradingview.com Disclaimer: The content represents expert opinions and is not investment advice. Investors should make independent decisions, carefully assess risks, and bear full responsibility for their outcomes.
NASDAQ:NDX
by fortunepivot
Daily analyzes of EURUSD - Dollar regains lost positionsAmong the important fundamentals from Monday is Factory Orders for the month of August in Germany from 8am GMT. It is very likely that we will see another contraction that will negatively affect the Euro. In general, the industry in Germany has started to shrink and there are no chances for growth. The other important news is related to retail sales in the Eurozone at 11am GMT. Although we expect levels around zero or very little growth in retail sales. Among the world events that affect the currency markets are the escalation of the conflict in the Middle East, where mainly the Euro may suffer due to disrupted supplies of both goods and fuels. Overall, the Dollar will be in a stronger position this week and we at World-Signals.com expect the Dollar to strengthen against the Euro. In the last week, the Dollar has taken about 200 pips on the Euro. In retrospect, the Dollar had 3 losing weeks, and only in the last one did it regain some of the lost positions. Use the 1.1010 levels to open short positions with a 6-8 business day closing target.
Short
by World-Signals
Fundamental Market Analysis for October 4, 2024 EURUSDAn event to look out for today: 15:30 GMT+3. USD - Unemployment Rate EURUSD: EUR/USD remains on the defensive near 1.1030 on the back of a stronger US dollar during the early Asian session on Friday. Cautious market sentiment ahead of key US economic data is putting pressure on the major pair. All eyes will be on the release of US employment data due for release today. The US Services Purchasing Managers Index (PMI) released on Thursday provided some support to the US Dollar (USD). The services PMI rose to 54.9 in September from 51.5 in August, beating the market forecast of 51.7, the Institute for Supply Management (ISM) showed. Meanwhile, initial jobless claims in the US rose by 6,000 to 225,000 for the week ended 28 September. The figure followed the previous week's data of 219,000 (revised from 218,000) and was worse than market expectations of 220,000. Fed Chairman Jerome Powell said this week that policymakers are likely to stick to their policy of cutting rates by 25 basis points (bps) going forward. Markets have priced the probability of a 25 bps Fed rate cut at nearly 68.9%, while the probability of a 50 bps rate cut is 31.1%, according to CME FedWatch Tool data. US Non-Farm Payrolls (NFP) data on Friday may provide some hints on how the US interest rate will move. The US economy is estimated to have added 140,000 jobs in September and the unemployment rate is expected to remain unchanged at 4.2%. If the employment report is weaker than expected, it could prompt the central bank to consider deeper rate cuts, which would put pressure on the US dollar. European Central Bank (ECB) policymakers continue to hint that another rate cut could be in the near future. This, in turn, could weaken the Euro (EUR) against the US Dollar. Kyle Chapman, currency analyst at Ballinger Group, said, ‘Policy is too tight given the challenging macroeconomic environment and a move to successive rate cuts seems self-evident now that disinflation is in its late stages.’ Trading recommendation: Trade predominantly Sell orders from the current price level
Short
by Fresh-Forexcast2004
Sell CAD/JPY Resistance ZoneThe CAD/JPY pair on the H1 timeframe presents a potential selling opportunity @ Resistance Zone Key Points: Sell Entry: Consider entering a short position around the current price of 108.25. Target Levels: 1st Support – 106.65 2nd Support – 105.48 Stop-Loss: To manage risk, place a stop-loss order above 109.02. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
15
Fundamental Market Analysis for October 2, 2024 GBPUSDGBPUSD: The GBP/USD pair remains weak after losses recorded in the previous session, trading near 1.32800 during Asian hours on Wednesday. The decline could be attributed to risk aversion due to rising geopolitical tensions in the Middle East, which is undermining the risk-sensitive Pound Sterling (GBP) and the GBP/USD pair. Iran launched more than 200 ballistic missiles at Israel on Tuesday, shortly after the US warned a strike was imminent. The Israel Defense Forces said several missiles were intercepted and one person was killed in the West Bank, according to Bloomberg. Israeli Prime Minister Benjamin Netanyahu vowed to retaliate against Iran after Tuesday's missile attack. In response, Tehran warned that any retaliatory strike would cause “immense destruction”, raising fears of the possibility of a wider conflict. The US Dollar (USD) is receiving support from the latest speech from Federal Reserve (Fed) Chairman Jerome Powell. Powell stated that the central bank will cut interest rates gradually over time. Fed Chairman Powell added that the recent half-point interest rate cut should not be seen as a sign of similarly aggressive action in the future, noting that upcoming rate changes are likely to be more modest. On Tuesday, Bank of England (BoE) Governor Megan Green warned that a recovery in United Kingdom (UK) consumption could trigger a new wave of inflation. However, Green noted that further interest rate cuts are likely as prices are “moving in the right direction,” Bloomberg reported. Trading recommendation: Watch the level of 1.33000, if it is fixed above consider Buy positions, if it rebounds consider Sell positions.
by Fresh-Forexcast2004
Sell GBP/USD Triangle BreakoutThe GBP/USD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.3382 Target Levels: 1st Support – 1.3312 2nd Support – 1.3265 Stop-Loss: To manage risk, place a stop-loss order above 1.3440. This helps limit potential losses if the price falls back unexpectedly. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
41
NZDUSD STILL BEARISH >The New Zealand Dollar had an explosive rally last week, deeply penetrating and ultimately invalidating the highlighted supply zone, indicating the exhaustion of any remaining unfilled orders. >We can now observe five invalidated supply zones lined up on the chart. >Above these zones lies a high-quality, fresh supply zone, where significant stop-loss orders and a large volume of sell orders could potentially accumulate in anticipation of the upcoming FED speech on Thursday, which may act as a catalyst for a sharp drop. >The US Dollar Index remains undervalued (refer to my USD analysis for more insights). >Given that the NZD is currently overvalued, the price may soon seek reasons to turn bearish. For this to happen, a considerable volume of sell orders will be needed to trigger a downward move. ***As always, trade safe and make sure to do your due diligence when analyzing the charts.***
Short
by TradersPod
4