The USD saw a sharp reversal higher despite a 50bp cut, simply because the markets were positioned for a more dovish dot plot. I have argued in prior analysis the USD exposure is a bit stretched over the near-term, so perhaps shorting the USD is getting a bit stale. We also have several key markets at inflection points after a risk event. Matt Simpson takes a...
Hey Traders, in today's trading session we are monitoring AUDUSD for a buying opportunity around 0.67500 zone, AUDUSD is trading in an uptrend and currently is in a correction phaase in which it is approaching the trend at 0.67500 support and resistance area. Trade safe, Joe.
The price is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance level which is also an overlap resistance. Pivot: 1.1073 1st Support: 1.1019 1st Resistance: 1.1150 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to...
The Gold (XAU/USD) is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance. Pivot: 2,531.45 1st Support: 2,500.49 1st Resistance: 2,588.56 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be...
The AUDUSD pair is once again approaching the 14-month Resistance Zone, following a convincing rebound on the 1D MA200 (orange trend-line). This Higher Lows rebound resembles the July 06 2023 bounce that priced a Double Top at the top of the Resistance Zone, before collapsing rapidly to new Lows. Ahead of today's Fed Rate Decision, we will welcome any short-term...
Hey Traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.61900 zone, NZDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.61900 support and resistance area. Trade safe, Joe.
The Cable (GBP/USD) has reacted off the pivot which has been identified as a pullback resistance and could drop to the 61.8% Fibonacci support. Pivot: 1.3235 1st Support: 1.3112 1st Resistance: 1.3302 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and...
WTI oil (XTI/USD) is rising towards the pivot and could reverse to thee 61.8% Fibonacci support. Pivot: 72.56 1st Support: 68.16 1st Resistance: 75.18 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so...
The EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined 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 1.1117, positioned close to the breakout level....
Market expectations of a 50bsp cut today are high, anything less than that could lead to a massive reversal. The USDCAD is top on my list of trades today, post FOMC. Listen in to understand why.
The big day has arrived: the first Fed rate cut. The burning question is, will it be 0.25% or 0.5%? In recent days, the markets have been leaning toward a 0.50% cut. Could this be the catalyst for a breakdown below the critical 100 level in the USDX? Let’s break down the charts and find out. Looking at the weekly charts, the 100 level has been a solid support...
Looking for short EURUSD from these points Follow the Risk Management
The 4HR FOMC candle highlighted in red is the candle I am targeting. I am looking for the high to get taken out, due to the liquidity sitting above it. Wave IV completed, now waiting for Wave V towards $2,620 - $2,640. Looking for 3 Sub-Waves in Wave V.
Trading Setup: There is a Trading Signal to Sell in USDCAD 4h Currency Pair. Traders can open their Sell Trades NOW ⬇️Sell Now or Sell on 1.3591 ⭕️SL@ 1.3631 🔵TP1@ 1.3413 🔵TP2@ 1.3326 🔵TP3@ 1.3151 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning...
Based on the 2 private trading indicators attached to the chart, the USDCHF Forex pair is clearly heading for a downwards movement. There has been a sell signal generated as well as the downward channel shown from the indicator. SELL NOW! You can use the indicators on link below.
Our long term position on US30 has been moving so smoothly! Price is now up 8,350 PIPS (25% ROI) since I called it live last year on the channel for you all😍 Close out partial profits if you haven't already. Just a little more upside left to go!
Based on our private VIP trading indicators - the USDJPY Forex pair is clearly heading to the down side. We will be selling now and taking profit at the next support level (shown on the chart) SELL NOW!
Late Entry TP , SL are mention in Image Follow the Risk Management