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Short-term EURUSD ideaAfter yesterday's better than expected flash PMIs from Germany, we saw EURUSD finding some buying interest. Let's see if we can get a larger correction to the upside. EASYMARKETS:EURUSD Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Editors' picks
by easyMarkets
1
EURUSD Potential LongAs EURUSD stalls at the immediate demand level talked about in the previously shared idea, our expectation was to see bullish price action print, which was delivered with Friday closing very bullish. While this was expected, it does not appear the buy move is ready as there are still some bears lingering in this market. With this in mind, my anticipation for this week is to see the Fiber trade above last Thursday's high (1.0874) where we have sell-stops sitting in the interim. Clearing this liquidity should be sufficient in seeing price roll deeper into that demand where we expect to see the bulls take charge for a bit, 1.0808 being the price of interest for buying. Should price print as predicted, we should have a retracement buy move play into our hands. See y'all mid-week,GLGT!! LloydFx
Long
by LloydFX
Price ActionIn our trading strategy, we focus on 4H identifying key supply order blocks created when the price moves downward. When the price retraces and revisits this supply order block, we will look for additional confirmation signals to enter a sell trade. This approach allows us to capitalize on potential reversals in the market while managing risk effectively. Steps to Execute the Strategy: Identify the Supply Order Block: Monitor the price action for a significant decline that creates a clear supply order block. This area represents where selling interest has accumulated. Wait for a Retracement: Once the price moves away from the order block, we will wait for it to retrace back to this zone. A successful retest of the supply order block is crucial for our entry. Confirm the Trade Signal: As the price approaches the supply order block, we look for additional confirmation signals, such as bearish candlestick patterns, divergence, or other technical indicators. This confirmation is essential to ensure a higher probability of a successful trade. Enter the Sell Trade: Upon receiving confirmation, we will execute a sell order at the supply order block. Proper risk management strategies, including stop-loss placement, should be applied to protect our capital.
OANDA:XAUUSDShort
by Bullionbuzz
NASDAQ: ATPC | Technical Review 24/09/30Agape ATP Corporation (NASDAQ: ATPC) , a specialist in renewable energy and wellness products, has demonstrated strong support around the $1.90 level following its compliance with Nasdaq listing requirements. Recent accumulation activity over the past two weeks suggests the potential for a trend reversal, with downside risks mitigated by key moving average (MA) levels providing support. In the short term, we anticipate a possible challenge of the $2.00 level, while our mid-term target remains at $2.89, supported by current technical indicators and momentum.
ALong
by HASHInvests200
XAUUSD H4 Analysis And Route Map for next MovePair Name = XAUUSD Timeframe = H4 Analysis = technical + fundamentals Trend = Bullish Please see the Above chart To see The Gold Next Moves. We are currently in new Price Ranges. But we are also using our previous analysis and data to Follow the exact Path. Currently We Can see between two strong support and Resistance levels. As we can see at chart 2650 Gold Price level and 2670 Gold Price level. EMA 5 is indicating the trend of the market. EMA Cross over can range between 2653 to 2658. That indicates if Price breaks this level. Then we will see a small retesting period. This kind market allow us to buy the dip and cash another next trend move. Strongest retesting zone exists between the price level 2615 to 2600 price level. EMA 5 Crossing levels:- 2655 To 2658 Retracement Zone:- 2600 To 2615 Bullish Gold Levels:- 2673 2690 Bearish Gold Levels:- 2650 2638 2615 2600 Stay tune we Will update again when market will give up another good direction move. With Different different time frame we check the market to get the Accurate analysis according market next move. Happy trading.
OANDA:XAUUSDLong
by Alpha-GoldFX
USD/JPY Forecast: Bullish Bias Expected – Key Factors to Watch.USD/JPY Forecast: Bullish Bias Expected – Key Factors to Watch (20/09/2024) As we analyze the USD/JPY pair on 20/09/2024, the outlook appears to be slightly bullish for this week and next. Several key drivers are pushing the U.S. dollar higher against the Japanese yen, creating an attractive opportunity for traders. In this article, we’ll break down the fundamental factors behind this forecast and highlight the elements influencing USD/JPY price action in the coming days. 1. US Dollar Strength Bolsters USD/JPY The strength of the U.S. dollar is a critical factor contributing to the bullish bias in USD/JPY. With the Federal Reserve signaling a commitment to maintaining high interest rates for an extended period, the greenback remains in demand. Fed officials have recently emphasized their concerns about persistent inflation, leading markets to believe that U.S. interest rates will stay elevated for longer than previously expected. This hawkish monetary stance, coupled with strong economic data, has made the U.S. dollar more attractive to investors. As a result, USD/JPY has been moving higher, with the strong dollar likely to continue exerting upward pressure on the pair. Key SEO keywords: USD/JPY forecast, US dollar strength, Federal Reserve policy, interest rate hike, USD/JPY price action. 2. Dovish Bank of Japan Keeps the Yen Weak On the other side of the equation, the Japanese yen remains under pressure due to the Bank of Japan’s (BoJ) ultra-loose monetary policy. The BoJ has shown no signs of tightening monetary policy in the near term, despite global inflationary trends. Japan’s central bank continues to prioritize economic support, maintaining low interest rates while avoiding any drastic policy shifts. This dovish stance contrasts sharply with the Federal Reserve’s hawkish policy, widening the interest rate differential between the U.S. and Japan. This is a major driver of USD/JPY’s bullish outlook, as investors gravitate towards the higher-yielding U.S. dollar over the lower-yielding yen. Key SEO keywords: Bank of Japan policy, Japanese yen weakness, dovish BoJ, USD/JPY interest rate differential, yen depreciation. 3. Interest Rate Differentials Favor USD/JPY Upside One of the most important factors pushing USD/JPY higher is the widening interest rate differential between the U.S. and Japan. While U.S. Treasury yields remain attractive, the yield on Japanese government bonds remains low due to the BoJ’s dovish policy stance. This gap in yields makes the U.S. dollar more appealing for investors seeking better returns. The widening interest rate gap is a key bullish signal for USD/JPY, as capital continues to flow into U.S. dollar-denominated assets. As long as the Federal Reserve maintains its hawkish tone, and the BoJ remains accommodative, this dynamic will likely support the bullish bias for USD/JPY. Key SEO keywords: Interest rate differentials, U.S. Treasury yields, Japanese bond yields, USD/JPY bullish outlook, capital flows into USD. 4. Japanese Economic Weakness Adding Pressure on the Yen Another factor supporting the bullish bias for USD/JPY is the ongoing weakness in the Japanese economy. Japan has struggled with slow economic growth and weak inflation, further justifying the BoJ’s cautious approach to monetary policy. Domestic consumption remains low, and Japan’s economic recovery has been uneven. As a result, the Japanese yen continues to face downside pressure, while the U.S. dollar benefits from stronger economic fundamentals. This divergence between the U.S. and Japanese economies adds to the case for a stronger USD/JPY in the coming weeks. Key SEO keywords: Japanese economic weakness, low inflation in Japan, weak yen, Bank of Japan policy, USD/JPY forecast. 5. USD/JPY Technical Analysis Suggests Further Upside Potential From a technical standpoint, USD/JPY is showing signs of further upside. The pair has been testing key resistance levels, and if these levels are broken, we could see a more significant bullish move. The recent price action has shown strength, with USD/JPY consistently finding support at higher lows. Traders should watch for a potential breakout above these resistance zones, as it could signal further gains for USD/JPY. With strong fundamentals supporting the pair, the technical outlook aligns with the overall bullish bias. Key SEO keywords: USD/JPY technical analysis, key resistance levels, USD/JPY price action, bullish trend, support and resistance. Conclusion: Bullish Bias Expected for USD/JPY In conclusion, several fundamental and technical factors support a slightly bullish bias for USD/JPY over the next couple of weeks. The ongoing strength of the U.S. dollar, the dovish stance of the Bank of Japan, favorable interest rate differentials, and Japan’s economic challenges all point towards further upside potential for USD/JPY. Traders and investors should closely monitor these key drivers as they make their trading decisions. As always, staying updated on central bank policies, economic data, and technical signals will be crucial in navigating the USD/JPY price action during this period. Key SEO keywords: USD/JPY forecast, bullish bias, USD/JPY key drivers, US dollar strength, Bank of Japan policy, interest rate differential, USD/JPY technical analysis.
Long
by PERFECT_MFG
USDJPY: Slight Bullish Bias This Week? (19/09/2024)As of September 19, 2024, traders are closely monitoring the USDJPY pair for potential bullish momentum. Several fundamental factors and market conditions indicate that the pair might see a slight upward bias this week. Let’s dive into the key drivers affecting the USDJPY price action. 1. Diverging Central Bank Policies One of the primary influences on USDJPY is the monetary policy divergence between the Federal Reserve (Fed) and the Bank of Japan (BoJ). - Federal Reserve’s Stance: As we move into the week, the market expects the Fed to maintain a hawkish stance or at least keep interest rates elevated. Although there’s some speculation about a possible pause in future rate hikes, the Fed's priority remains controlling inflation. This higher interest rate environment in the US makes the US dollar more attractive, pushing USDJPY upwards. - Bank of Japan’s Ultra-Loose Policy: In contrast, the BoJ continues its ultra-loose monetary policy, aiming to stimulate Japan’s sluggish economy. Despite rising inflation in Japan, the BoJ has shown little inclination to raise rates aggressively. This Interest rate differential between the US and Japan tends to weaken the yen, giving a bullish outlook for USDJPY. 2. Risk Sentiment in Global Markets Risk sentiment plays a crucial role in the movement of USDJPY. When global markets are in a risk-off mode, investors tend to flock to safe-haven assets like the Japanese yen, strengthening it. However, recent global economic data and financial news have maintained a somewhat stable risk appetite, leaning towards a risk-on environment. - US Economic Data: Recent reports from the US, such as better-than-expected retail sales and strong labor market data, continue to support the narrative of economic resilience. This fuels demand for the dollar and supports USDJPY’s bullish momentum. - Global Geopolitical Risks: While geopolitical tensions in regions like Europe and the Middle East may inject some volatility, there hasn’t been a major shift toward a risk-off sentiment that would heavily favor the yen. For now, dollar strength seems to dominate. 3. Japanese Economic Conditions Japan’s economy continues to struggle with low growth despite rising inflation. The BoJ’s consistent approach to stimulus, combined with the government's push for wage growth, has not yet translated into significant yen strength. Additionally, trade deficits in Japan, exacerbated by higher import costs, have weighed on the yen’s valuation. Without a major shift in BoJ policy or a significant improvement in Japan's economic performance, the yen will likely remain under pressure, keeping USDJPY on a slightly bullish path. 4. US Bond Yields US Treasury yields are another major factor driving the USDJPY. Higher US bond yields, often seen in response to tighter monetary policy and strong economic data, make the dollar more attractive to foreign investors. The upward trajectory of bond yields has been a persistent theme, reinforcing dollar strength. If this trend continues through the week, we can expect additional support for USDJPY. 5. Technical Indicators Looking at the technical analysis for USDJPY, the pair has been trading near key resistance levels in recent sessions. If the pair breaks above these resistance zones, we could see further bullish momentum. - Key Support and Resistance Levels: The 145.00 level has been a psychological support level for USDJPY, while 148.50 serves as resistance. Should the pair break beyond this resistance, it could trigger more buying pressure, pushing USDJPY higher. Conclusion: USDJPY’s Slight Bullish Bias In conclusion, the USDJPY pair is expected to exhibit a slight bullish bias this week, primarily driven by: - Monetary policy divergence between the Fed and BoJ. - Favorable US economic data and rising Treasury yields. - Limited economic growth in Japan, with persistent trade deficits. - Stable global risk sentiment supporting the dollar over the yen. Traders should keep an eye on US bond yields, Fed comments, and any sudden shifts in risk sentiment or geopolitical events, as these could influence USDJPY’s trajectory throughout the week. --- Keywords: - USDJPY forecast - USDJPY bullish bias - USDJPY analysis September 2024 - USDJPY technical analysis - USDJPY key drivers - USDJPY trading strategy - USDJPY and Federal Reserve policy - USDJPY support and resistance levels - USDJPY risk sentiment - USDJPY bond yields impact
Short
by PERFECT_MFG
XAUUSD H4 Analysis - Bullish - Next target 2650Pair Name = Gold Timeframe = H4 Analysis = technical + fundamentals Trend = Bullish Details :- Please see the Above chart To see The Gold Next Moves. We are currently in new Price Ranges. But we are also using our previous analysis and data to Follow the exact Path. Currently We Can see between two strong support and Resistance levels. As we can see at chart 2565 Gold Price level and 2580 Gold Price level. EMA 5 is indicating the trend of the market. EMA Crossed over done between 2564 to 2568. That indicates the Bullish move. This kind of market allow us to buy the dip and cash another next trend move. Strongest retesting zone hit. The price level 2545 to 2556 price level. EMA 5 Crossing levels:- 2564 To 2568 Retracement Zone:- 2545 To 2555 Bullish Gold Levels:- 2590 2615 2638 Bearish Gold Levels:- 2564 2556 2545 2530 Stay tune we Will update again when market will give up another good direction move. With Different different time frame we check the market to get the Accuracte analysis according market next move. Happy trading.
OANDA:XAUUSDLong
by Alpha-GoldFX