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USDJPY Short? BoJ Intervention and US Gov Shutdown RisksOn Monday, the USDJPY dollar hit an 11-month peak, a move triggered by the Federal Reserve's recent signaling of another potential interest rate hike and an intention to maintain higher rates for longer. Then, (counter to expectations) the yen faced pressure when the Bank of Japan, on the preceding Friday, decided to maintain its ultra-low interest rates and its commitment to support the economy until sustainable inflation reaches its 2% target. This decision indicated that the central bank was in no hurry to phase out its extensive stimulus program. Traders had been looking for some kind of hint as to when the BoJ would start to dial back its support. Wishful thinking, I guess. The Japanese yen is currently hovering near the 150 mark, a level some traders consider critical to prompt intervention by Japanese authorities, similar to actions taken last year. But can the USDJPY even reach 150 with a potential US shutdown on the horizon? Starting on October 1, hundreds of thousands of US government workers face furloughs if Congress fails to pass a funding bill. The House is set to reconvene after last week's recess, aiming to continue budget negotiations. If a federal government shutdown occurs, the publication of crucial US economic data, such as employment and inflation report vital for policymakers and traders, will be indefinitely suspended too. So maybe the downside risk is ever-present even without the threat of BoJ intervention? 145.164 is the immediate support that might fall to the bears. 138.312 is the next target, but can a US government shutdown force the price down to this level over one day like an intervention might? Maybe this level is an intermediate term risk rather than short term?
by BlackBull_Markets
FTM Full Analysis For Long-TermHey Guys… How are you today? 👋👋 It's a new day and I want to talk about FTM (Fantom)… ✔️ Before that, I want to remember It's not financial advice. ✔️ I'm just sharing my view and opinion of the chart. Please see and think about that. The situation is so complicated. It's my duty to tell you something honestly. But, first, I ask you to Like my analysis, follow me, and Share this analysis with your friends. It will give me more positive energy to publish more analysis. So, thank you for your support. Let's go into details. As you see, we have Three Main support zones. The first one is around 10-11 Cent, the second is between 5-6 Cent and the last one is around 3.5-4.2 Cent. Buying on Shadow will be very exciting. So, I will put my order on 4 Cent. I'm sure the first support will be lost soon. If you check this asset's chart in the weekly frame, you see a Head and shoulder pattern that the neckline is breaking. So, we have to focus on this support and it's very important to us to money management. By the way, there is good news for FTM, if you can buy FTM at the lowest level, this asset will give you a huge profit of more than 50,000% at the end of the Last Bull Market. If you need to analyze in another time frame, for example, 4H or 1H, please send me a message It takes about 4-5 Years. I think you should know the worth of this asset and this huge profit … can you imagine this profit? 🙈 🙈 I want to buy and hold FTM on 3rd support zone and my final target to sell is around 20 USD. I'm sure you are confused right now. But it's ok and there is no problem. Time proves everything. If you have any questions, or if you need to know more details please don't hesitate to contact me. 🙏🙏 Please don’t forget to like 👍, follow ✌️, and share 👌 this analysis with your friends. Also write your comments below, Do you agree with me? do you think we are still on a downtrend? and what is the last target of this downtrend? Thank you so much for your attention and participation 🙏🙏 Wish you the best 🧞‍♀️ Sincerely Yours Ho3ein.mnD
BINANCE:FTMUSDShort
by Sticky-Stock
Is GBP/USD Getting Ready for the Fed?We are observing a strengthening of the British pound (GBP) against the US dollar (USD) just hours before the Fed's interest rate announcement. The market has broken a significant swing high at the 1.241 level and is heading towards a supply zone at the 1.24200 level. This zone is within a resistance/support area on the H4 timeframe ranging from 1.243 to 1.25, where we find another supply zone at the 1.248 level. Therefore, my prediction is to look for a short position, as despite the market appearing to be on an upward trend, everything indicates a downward entry opportunity. However, I caution that the structure is bullish, and my market entry will only be if, during the pre-opening of New York, the market remains at these levels and if there is a structural breakdown on the M15 timeframe to the downside with a Bullish Flag pattern, indicating an entry zone at M15. The near-term technical outlook indicates a bearish bias, with GBP/USD trading within a descending regression channel, and the Relative Strength Index (RSI) on the four-hour chart staying well below 50. On the downside, the first support is at 1.2350 (static level, mid-point of the descending channel) followed by 1.2300 (lower limit of the descending channel, static level) and 1.2240 (static level from March). If GBP/USD rises above 1.2400 (20-period Simple Moving Average - SMA, upper limit of the descending channel) and starts using that level as support, buyers may show interest. In that scenario, the next recovery targets could be seen at 1.2450 (static level, 50-period SMA) and 1.2500 (psychological level, static level). Let me know your thoughts, and happy trading to everyone! Nicola, CEO Forex48 Trading Academy.
Short
by Forex48_TradingAcademy
1
ChainLink Analysis For long-termHello Traders, here is the full analysis for Chainlink let me know in the comment section below if you have any questions. I suggest you keep this analysis on your watch list and see what will happen and will my analysis will happen!!! Today I want to talk about LINKUSD in a daily time frame Before that, I want to remember It's not financial advice. I'm just sharing my view and opinion of the chart. Please see and think about that. The situation is so complicated. I will tell you the best zone to buy and hold Chainlink for the long term to get a huge profit.so, please be patient. As you see in the chart, I want to explain everything by the Fibonacci Channel. Because it's so simple and easy to show you. I draw 3 Green Zone to show you all the support zones. I believe that the first green zone will be broken. Sooner or later but it's sure. So let's focus on the second one. I think it could be a strong zone to support the price but I think the market maker do anything to lose that to the third support zone. I'm sure the 3rd green zone is the best place to buy and hold link for long term. it's really my favorite place. I will put my orders in this zone. because I believe that the future of Chainlink is bright. If you have any questions, please don't hesitate to contact me. Wish you the best Sincerely Yours Ho3ein.mnD
BINANCE:LINKUSDShort
by Sticky-Stock
8
AUDCHF - Trend-Following Sell Setups ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. AUDCHF has been overall bearish trading inside the falling channel in blue, and it is currently approaching around the upper trendline. Moreover, the zone 0.585 is a strong resistance. 🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper blue trendline acting as a non-horizontal resistance. As per my trading style: As AUDCHF approaches the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
3
XAUUSD: Investors' Post-Fed Outlook?On XAUUSD, we have a bullish setup as the market is gaining strength in anticipation of a new monetary tightening by the Fed. I noticed a breakout of a significant swing high, leading to the creation of a demand zone at the level of 1920-1930. I'll await a bounce within this range, where I'll assess the presence of at least one structural change at the 15-minute timeframe, which could prompt me to enter a long position targeting the supply area at 1940-1945 for a short-term trade. For a long-term trade, I might seek the support/resistance level at 1950-1960. Let me know what you think. Greetings from Nicola.
OANDA:XAUUSDLong
by Forex48_TradingAcademy
1