AUDUSD Massive Short! SELL!
My dear friends,
AUDUSD looks like it will make a good move, and here are the details:
The market is trading on 0.6549 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 0.6534
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
Fx
GBPCAD Technical Analysis! BUY!
My dear followers,
This is my opinion on the GBPCAD next move:
The asset is approaching an important pivot point 1.7713
Bias - Bullish
Safe Stop Loss - 1.7645
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.7812
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
USDJPY Massive Long! BUY!
My dear subscribers,
My technical analysis for USDJPY is below:
The price is coiling around a solid key level - 147.33
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 148.65
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
Pre NFP Analysis2nd August (NFP Pending)
DXY: could see weaker NFP (155k), DXY to retest 104.45, reject to trade down to 104 round number. Could trade down to 103.65 if <155k.
NZDUSD: Sell 0.5910 SL 15 TP 45 (DXY strength)
AUDUSD: Buy 0.6505 SL 20 TP 60 (DXY weakness)
USDJPY: Sell 148.40 SL 50 TP 210 (Hesitation at 147.30) or Buy 149.75 SL 50 TP 220 (Double Bottom)
GBPUSD: Sell 1.2690 SL 20 TP 70 (Pre news)
EURUSD: Buy 1.0825 SL 20 TP 60 (DXY weakness)
USDCHF: Sell 0.8740 SL 20 TP 60
USDCAD: Sell 1.3885 SL 20 TP 60 (DXY weakness)
Gold: Could retrace to test 2450 then rebound to 2480
AUDNZD Set To Grow! BUY!
My dear subscribers,
AUDNZD looks like it will make a good move, and here are the details:
The market is trading on 1.0960 pivot level.
Bias - Bullish
My Stop Loss - 1.0905
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.1054
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
GOLD Set To Grow! BUY!
My dear friends,
My technical analysis for GOLD is below:
The market is trading on 2387.0 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 2424.8
Recommended Stop Loss - 2364.3
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
EURUSD Technical Analysis! SELL!
My dear friends,
Please, find my technical outlook for EURUSD below:
The price is coiling around a solid key level - 1.0844
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.0829
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
EURGBP Under Pressure! SELL!
My dear subscribers,
My technical analysis for EURGBP is below:
The price is coiling around a solid key level - 0.8443
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.8423
My Stop Loss - 0.8458
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
Levels discussed on Livestream 1st August 1st August
DXY: Found support at 104, retracing, if above 104.20 could test 104.40. (wait for retracement to complete before continuation lower)
NZDUSD: Buy 0.5990 SL 20 TP 55
AUDUSD: Do nothing, look for reaction at 0.65
USDJPY: Wait for retracement to complete at 151, Sell 150.75 SL 45 TP 170
GBPUSD: Sell 1.2770 SL 20 TP 65 (BoE decision pending)
EURUSD: Sell 1.0795 SL 20 TP 55
USDCHF: Buy 0.8770 SL 25 TP 60
USDCAD: Look for reaction at 1.39
Gold: Could retrace to test 2430, look for rebound to 2450, beyond that 2480
USD/JPY H1 | Potential bearish reversalUSD/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 150.77 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level.
Stop loss is at 152.53 which is a level that sits above the 50.0% Fibonacci retracement level and a pullback resistance.
Take profit is at 148.50 which is a swing-low support.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% 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, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Overview of the BoJ Monetary Policy ActionsAt the start of 2024, the USDJPY was trading along the 141 price level , after it had retraced from the 2023’s high of 152.
This was due to weakness in the US dollar as there was increasing speculation within the markets that the US Federal Reserve was likely to start cutting US interest rates by early 2024.
But as the speculation grew that there could be less rate cuts than initially anticipated for the US. This saw a rapid strengthening of the US Dollar, which in turn, saw the USDJPY climb steadily to retest the previous high of 152 in March 2024 .
Even when the BoJ ended their negative interest rate policy by hiking rates for the first time in 17 years on the 19th of March, they also abandoned their yield-curve control and ended most of their asset purchases aimed at policy easing.
But, there was little to no effect on strengthening the Yen, as markets viewed that despite what was done, the policymakers lacked commitment to this path of monetary tightening. As such, the Yen continued to weaken, with the USDJPY breaking through the 152 price level in April to record a new high of 160.
Which led to BoJ intervening twice in close succession, taking the USDJPY from 160 down to the 153 price point. But as what we have seen from all the previous currency interventions the USDJPY bounced back to not only reclaim the previous high but form new highs at 162.
When the USDJPY got to the 162 price level, the BoJ intervened again to bring prices down to 158 .
Paired with the weakness of the US dollar due to the US CPI reaching 3% and increasing speculations that the Federal Reserve was ready to start cutting rates in September, the USDJPY broke the bullish trendline to continue trading lower.
This week, the BoJ hiked rates to 0.25% and indicated plans to significantly reduce its bond-buying program over the next couple of years.
This led to the USDJPY breaking below the 152 price level (which is crucial as it was the level where the BoJ intervened back in October 2022, and where the price started reversing from in November 2023) we look for the USDJPY to continue trading lower down to the 147 key support level (and previous swing level).
Once the price has reached the 147 level, the next move will likely depend on the volatility of the DXY and the interest rate decisions from the US Federal Reserve.
GBPUSD Will Explode! BUY!
My dear friends,
Please, find my technical outlook for GBPUSD below:
The instrument tests an important psychological level 1.2844
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.2919
Recommended Stop Loss - 1.2792
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
USDCHF Will Explode! BUY!
My dear subscribers,
This is my opinion on the EUR/USD next move:
The instrument tests an important psychological level 0.8775
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.8827
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
USDJPY A Fall Expected! SELL!
My dear subscribers,
USDJPY looks like it will make a good move, and here are the details:
The market is trading on 154.41 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 154.19
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
GBPUSD Massive Long! BUY!
My dear friends,
My technical analysis for GBPUSD is below:
The market is trading on 1.2827 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.2881
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
SILVER The Target Is UP! BUY!
My dear followers,
I analysed this chart on SILVER and concluded the following:
The market is trading on 27.917 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish
continuation.
Target - 28.864
Safe Stop Loss - 27.252
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
Euro H4 | Potential bullish bounceThe Euro (EUR/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 1.0800 which is a pullback support.
Stop loss is at 1.0757 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level.
Take profit is at 1.0866 which is a pullback resistance that aligns close to the 50.0% Fibonacci retracement level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% 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, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Cable H4 | Potential bullish reversalCable (GBP/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 1.2812 which is a pullback support.
Stop loss is at 1.2767 which is a level that lies underneath an overlap support and the 61.8% Fibonacci retracement level.
Take profit is at 1.2887 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% 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, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Pre-FOMC Rates Decision Analysis31st July (FOMC Decision Pending)
DXY: Ranging between 104.20 and 104.55. If Fed makes no comment on rate cut, DXY could push up to 105.20. If Fed makes comment on rate cuts in Sept, DXY could push down to 103.65.
NZDUSD: Buy 0.5930 SL 20 TP 50 (DXY weakness)
AUDUSD: Sell 0.6450 SL 25 TP 90 (DXY strength)
USDJPY: Sell 151.50 SL 70 TP 245 (DXY weakness)
GBPUSD: Sell 1.28 SL 20 TP 65 (DXY strength & BoE decision tomorrow)
EURUSD: Sell 1.08 SL 20 TP 55 (DXY strength)
USDCHF: Sell 0.8820 SL 20 TP 70 (DXY weakness)
USDCAD: Buy 1.3850 SL 20 TP 45
Gold: Needs to break 2425 to trade up to 2450 (DXY weakness)
Implied volatility for USD/JPY spikes ahead of BOJ, FOMCThis time tomorrow we will finally know the outcome of the BOJ and FOMC meetings. Options traders clearly have it on their radar, as the 1-day implied volatility band has expanded to nearly 4x its usual range (defined with a 20-day average).
But with bets of a hike already accompanied with a much weaker yen, traders may also want to be on guard for the potential the hike is already priced in. Or that the BOJ don't hike at all. The latter scenario could also help USD/JPY bounce quite hard heading into the FOMC meeting, where a loss-dovish-than-expected Fed could send it higher still.
There is a support zone between 151.30 - 152 made up of several technical levels including a high-volume node, previous MOF intervention level and the 152 handle itself. Bulls could seek cheeky longs around such levels heading into the BOJ meeting and look to exit prior. Or hold on if they think the BOJ will disappoint (which they tend to do these days at their meetings). and that could see 152 act as a springboard.
However, the 151.30 - 152 zone could quickly turn into an opened trap door should the BOJ deliver the hawkish meeting alongside a dovish tone from the Fed that markets are so desperately seeking.
EURCHF Sellers In Panic! BUY!
My dear friends,
EURCHF looks like it will make a good move, and here are the details:
The market is trading on 0.9568 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.9618
Recommended Stop Loss - 0.9540
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
BTCUSD My Opinion! SELL!
My dear friends,
Please, find my technical outlook for BTCUSD below:
The instrument tests an important psychological level 68902
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 66663
Recommended Stop Loss - 70433
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
USDJPY What Next? SELL!
My dear friends,
Please, find my technical outlook for USDJPY below:
The instrument tests an important psychological level 154.16
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 153.68
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK