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NZDUSD - Long Trade Idea (ICT)Price is close to some juicy equal highs, so I will be anticipating a retracement into a POI to catch a trade on a lower timeframe to that area as my low hanging fruit objective. I see price either coming into a 2W Bullish Breaker (Coupled with a NWOG), or a 2D Bullish Orderblock. The annotated stoploss is for illustration purposes only. Price can very well wick down there, albeit a more extreme scenario. If price closes below that 2D Bullish OB, then this long idea would be no longer valid until the equal lows are taken out. - R2F
Long
by Road_2_Funded
Dollar index sellAs dollar index was bearish all the week and in my view it will remain bearish for the next week as Dxy is moving in a falling wedge in which it has completed its 4 waves over H4 to H1 TF and going to complete its last wave 🌊 E if this pattern is not a failed pattern then DXY will remian Bearish all the next week also we our team has observed that Dollar is Bearish on All timeframes from Monthly to weekly to Daily to H4 to H1 so we will be bearish for the next week as Geopolitics is concerned we can predict a downward move in dollar index Hope for the good 👍😊
TVC:DXYShort
by Wakeel_Saab
Gold Nears All-Time High Retest Gold (XAUUSD) is currently trading within a tight consolidation range between 2670 and 2650, supported by bullish sentiment and favorable fundamental factors. The market remains on edge as crucial economic data approaches, which could either fuel a continuation of the upward trend or trigger a corrective move. The overall outlook for gold remains bullish, with dovish signals from the Federal Reserve and renewed optimism surrounding economic stimulus measures from China, both contributing to the metal’s recent rise from 2655 to its all-time high. Geopolitical tensions in the Middle East further add to the uncertainty, reinforcing gold’s role as a safe haven asset. All eyes are now on the Fed’s upcoming comments, as traders show caution, holding back from making significant bets amidst overbought conditions on the daily chart. Recent statements from the Fed, along with lackluster US consumer confidence and regional activity data from the Conference Board, have increased expectations of another substantial rate cut in the next meeting. Key resistance levels stand at 2670 and 2675, while crucial support zones are seen at 2664, 2655, and 2650. Should the bulls manage to break above the resistance and sustain prices, gold could aim for a push toward the 2700 mark. However, unpredictable economic data might keep the metal locked in a range or spark a correction back towards the 2650-2635 area, as profit-taking could come into play. The focus now shifts to how gold reacts at these consolidation boundaries, as the market weighs both bullish momentum and the potential for a sharp retracement. Traders, if you found this idea helpful or have your own insights to share, feel free to drop a comment. I’d love to hear your thoughts!
OANDA:XAUUSDLong
by lonelyPlayer0
End of the week analysis27th September DXY: Price could trade higher to retest 100.90, if bearish trendline held, could trade back down to 100.55 NZDUSD: Buy 0.6290 SL 20 TP 40 AUDUSD: Buy 0.6905 SL 15 TP 50 GBPUSD: Sell 1.3290 SL 25 TP 75 (if support holds) Buy 1.3345 SL 30 TP 80 EURUSD: Sell 1.1090 SL 25 TP 80 USDJPY: Could range 143 to 144.50, Buy 145 SL 50 TP 200 USDCHF: Nothing for now USDCAD: Sell 1.3480 SL 25 TP 60 Gold: Could retrace down to 2640-2652 range, look for reaction there.
TVC:DXY
by JinDao_Tai
EURUSD → Bounce from 1.1200 before further growthFX:EURUSD has been rallying since the beginning of the Asian session and is reaching the key resistance at 1.1200. The psychological level has quite a strong weight on the market and it will be difficult to break this area from the first time.... A rebound is forming on H4-H1. On D1, a rather wide range of 1.120 - 1.105 is forming in the market but after the price exits the descending wedge, which is a rather promising bullish premise. Due to the strong distribution to 1.1200 the market has no potential to break through this zone, accordingly, in the short (mid) term I expect a pullback or consolidation in the range 1.12 - 1.114 ( 1.111) and the subsequent retest of the upper boundary of the range with the aim of breaking through and further growth to 1.127 - 1.135. Resistance levels: 1.120 Support levels: 1.114, 1.111 There is a huge pool of liquidity above 1.12, which will not allow buyers to overcome this obstacle so easily. We are waiting for a correction and a further breakdown, which will be followed by growth. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;) Regards R. Linda!
Long
by RLinda
16
GBP--CHF İdeaThe Swiss National Bank (SNB) has just announced a 25 basis points reduction in its sight deposit rate, bringing it down to 1.0%, a move largely anticipated by market analysts. This marks a shift from the previous rate of 1.25%, but the immediate market reaction hasn’t exactly aligned with what one might expect from such a decision. Typically, a rate cut like this would lead to a bullish rally across all CHF-cross currency pairs, given the dovish implications of a lower interest rate. However, the expected surge in XXXCHF pairs hasn’t materialized yet, suggesting the SNB may still be exerting influence to manage the currency’s valuation, effectively keeping prices in check. This restrained market reaction raises some intriguing questions about the SNB's strategies moving forward. It’s worth noting that both the SNB and the Bank of Japan (BOJ) have demonstrated a clear willingness in recent years to intervene in the currency markets whenever it suited their broader economic goals. Over the last two years, both central banks have been known to strategically manipulate the strength of their currencies. Through targeted interventions, they’ve been able to maintain control and derive benefits in alignment with their policy objectives, sometimes defying market fundamentals. As always, central bank policy decisions like this play a significant role in shaping market sentiment, but the full impact may not be clear until further commentary from officials sheds light on their broader economic outlook. So, while the rate cut has happened, the real action may just be about to begin. Traders, if you found this idea helpful or have your own insights to share, feel free to drop a comment. I’d love to hear your thoughts!
Long
by lonelyPlayer0
"GBP/JPY Locking in a Horizontal Standoff''The GBP/JPY pair has been gaining momentum after carving out a solid double bottom around the 184.0 mark, bolstered further by a correction in the yen, which in turn was spurred by the dollar’s unexpected reaction to the U.S. interest rate cuts. Despite this recent strength, a decline could still unfold as the pair approaches the critical resistance range of 192-193.5. Several underlying factors play a role here: Japan remains committed to tightening its monetary policy to stabilize its currency, while the dollar may continue to weaken as traders absorb the impact of the U.S. rate cuts. This confluence of factors may weigh on JPY’s strength and shape a medium-to-long-term strategy for the pair. From a technical standpoint, I’m anticipating a potential false breakout or rejection from the 192-193.5 resistance zone, which could trigger a move downwards toward key liquidity levels. Key resistance levels to watch are 191.4, 193.48, and 193.97, while support stands at 190.5 and 186.7. However, should the bulls manage to secure a foothold above 193.97, a fresh bullish impulse could ignite, as the overall technical and fundamental landscape remains on edge. The tension in the current environment suggests that while a downward move is likely, a breakout above the top resistance could open the door for further upward momentum. Traders, if you found this idea helpful or have your own insights to share, feel free to drop a comment. I’d love to hear your thoughts!
Short
by lonelyPlayer0
1
AUD/CHF Channel Breakout: Long Opportunity on the HorizonIn the AUD/CHF pair, we’ve seen a decisive break and close above the descending channel. On the weekly chart, a long-tailed candle has formed, signaling a robust rebound from the key support level. The market has consistently honored the 0.5600 psychological barrier, bouncing off it several times. With the bullish momentum gathered this week, I anticipate further upward movement. This could indicate either a potential trend reversal or a continuation of the current bullish trend, especially if the market sustains its position above the support. My target is the resistance zone around 0.58400. Traders, if you found this idea helpful or have your own insights to share, feel free to drop a comment. I’d love to hear your thoughts!
Long
by lonelyPlayer0
"Bitcoin Poised for a Breakthrough: The Ascent Beyond $68K LoomsBitcoin's price action has recently demonstrated a breakout from a well-established Bullish Flag Formation, a classic continuation pattern often associated with further upward momentum. This surge comes at a time when the U.S. Dollar shows signs of fragility, intensifying market discussions about a potential rate cut by the Federal Open Market Committee (FOMC). This dovish sentiment surrounding U.S. monetary policy is providing a tailwind not only for BTC but also for the broader cryptocurrency market, which is beginning to show signs of recovery after a period of consolidation. Zooming into the 60-minute chart, there’s a clear indication of shifting market dynamics. The resistance level that Bitcoin struggled to surpass in recent trading sessions has now flipped into a solid support zone. This technical shift is a bullish signal, as previous resistance turning into support often suggests the foundation for further price appreciation is solidifying. If BTC can maintain this support, it sets the stage for additional upside in the near term. Adding to this momentum is the looming U.S. Personal Consumption Expenditures (PCE) data, a key inflation indicator closely watched by market participants. Speculation around this economic report is creating a risk-on sentiment, as traders anticipate that softer inflation numbers could push the Federal Reserve to reconsider its tightening cycle. Should these macroeconomic factors align, BTC could break past the $67,000 mark, with $68,500 in sight as the next key psychological resistance. In conclusion, Bitcoin’s current technical setup, bolstered by favorable macroeconomic conditions, suggests that it is well-positioned to continue its upward trajectory. While risks remain, particularly with future central bank policy decisions, the short-term outlook remains optimistic for BTC bulls. Traders, if you found this idea helpful or have your own insights to share, feel free to drop a comment. I’d love to hear your thoughts!
Long
by lonelyPlayer0
2
Dollar bulls are strong hereIt has now been exactly a month since the DXY dropped to its price at the start of the year, which also serves as a technical support level. The price has bounced back from this zone twice but has failed to break above the 102 resistance, falling back each time. However, each time the bears attempted a decisive break downward, the bulls stepped in and pushed the price back up. Although the price did dip below the support zone on two occasions, these breaks were minor (around 0.2%) and did not qualify as significant. Yesterday, the price once again reversed strongly from this well-established support zone. It seems as though the bulls are waiting for a catalyst to trigger a true reversal. I anticipate that the USD will strengthen in the coming days and weeks. A break above the 102 resistance would confirm a bottom and open the path for further gains, with 104 as the next target.
TVC:DXYLong
by Mihai_Iacob
4
DreamAnalysis | DXY Insights with Major Price Zones AheadToday, we’re diving into the DXY (US Dollar Index), a key player in the forex market. We’ll break down its current price movements and explore what we can anticipate based on critical levels. 📊 Current Market Overview : At the moment, the price has swept through several key sell-side liquidity (SSL) levels, including the Previous Month Low (PML). We expected a retracement higher, but so far, price hasn’t made any significant moves. Now, price is hovering around an Equal Low (EQL), which also aligns with the Previous Week Low (PWL). With that said, the possibility remains that price could drive lower, clearing additional SSL levels. 🕓 Identifying Key Levels : Here are the critical levels we’re monitoring on the chart: - PMH: Previous Month High - PML: Previous Month Low - PWH: Previous Week High - PWL: Previous Week Low - EQL: Equal Low - BSL: Buy-Side Liquidity - 4H FVG: 4-Hour Fair Value Gap (potential retracement and imbalance zone) - Daily FVG: Daily Fair Value Gap These levels represent important zones where the price may gather liquidity, enabling it to move toward the next major target. The Fair Value Gaps (FVGs) are imbalances that price may revisit to "rebalance" and collect orders. 📈 Bullish Scenario : For a bullish outlook, we’ll need to see the price sweep the Previous Week Low (PWL) liquidity level, which is also an Equal Low (EQL). However, aggressive traders may look to lower time frames to find entries as price dips into low-resistance sell-side liquidity zones. 📉 Bearish Scenario : In a bearish scenario, we would need the price to sweep low-resistance buy-side liquidity (BSL) levels on lower time frames before targeting lower levels like the Previous Week Low (PWL). Currently, there isn’t strong confluence on higher time frames to aim for significantly lower prices. 📝 Conclusion : As we wrap up, it’s crucial to remain flexible and responsive to changing market conditions. Understanding key levels and potential scenarios allows us to refine our trading strategies and capitalize on opportunities. 🔮 Future Market Trends : Stay tuned! We’ll continue tracking the DXY, EUR/USD, and other major currency pairs, offering timely insights and updates as the market evolves. ⚠️ Disclaimer : The information provided here is for educational purposes only and should not be considered financial advice. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
TVC:DXYLong
by DreamAnalysis