Weekly FOREX Forecast: BUY USD vs EUR GBP AUD NZD CAD CHf JPYThis is an outlook for the week of Nov 4 - 8th.
In this video, we will analyze the following FX markets: EUR, GBP, AUD, NZD, CAD, CHF and JPY.
The USD is strong and showing no signs of weakness. This video analyses which of the major pairs are the best markets to look for the best setups for the week ahead.
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I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
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USDJPY
USDJPY Will Go Up! Long!
Please, check our technical outlook for USDJPY.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 153.692.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 157.722 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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Levels discussed on 11th November Livestream11th November
DXY: Consolidating along 105, look for break out above 105.15 to reach high of 105.45
NZDUSD: Sell 0.5955 SL 20 TP 40
AUDUSD: Sell 0.6565 SL 25 TP 50
GBPUSD: Sell 1.2830 SL 30 TP 80
EURUSD: Sell 1.0660 SL 25 TP 50
USDJPY: Buy 153.80 SL 40 TP 80
USDCHF: Buy 0.8790 SL 25 TP 80
USDCAD: Do Nothing
Gold: Could range between 2660 and 2644
USD/JPY: Should We Continue to "Buy" Following the Trend?Today, USD/JPY continued its remarkable rally, reaching 153.63 with a 0.67% increase on the day. This is an important step as the USD regains strength, while the JPY weakens due to political instability in Japan.
Notably, the bullish trend remains intact with two stable EMAs below the candlestick chart, reinforcing the bullish momentum of this currency pair. Personally, Ben, recommends continuing to prioritize the "buy" strategy following the current trend.
What do you think about the future of USD/JPY? Will the price continue to rise or is there a possibility of a bearish reversal? Share your thoughts and trading strategies!
USDJPY UPDATEFrom the weekly chart, the price has reached the 61.5 Fibonacci retracement level and made a rejection at the price of 145.470 before dropping again to the level of 152.134 on the 1-hour time frame. Therefore, I am waiting for any possibility of a rejection as shown in the chart before deciding to continue selling USD/JPY
Potential bullish bounce?USD/JPY is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 150.82
1st Support: 149.39
1st Resistance: 154.79
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 please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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. IC Markets 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.
USDJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
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Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
USD/JPY BEARS ARE STRONG HERE|SHORT
Hello, Friends!
USD/JPY pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 1H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 152.396 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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XAU/USD : Bullish Movement Ahead ? (READ THE CAPTION)Analyzing the #Gold chart on the 4-hour timeframe, we see that yesterday’s bearish trend played out as expected, hitting all downside targets at $2717, $2700, and $2686, even extending further to $2643. This aggressive decline resulted in over 1000 pips of movement within a single day.
Currently trading around $2670, gold faces a significant liquidity gap, and with the interest rate decision due tonight, I expect the price to recover and potentially fill this gap. Expect heavy market volatility—trade cautiously!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
USDJPY rises sharply, supported by rising channel !USDJPY is showing significant upside momentum today, trading firmly within a well-defined bullish channel on the 4-hour chart and currently trading at 153.89. This bullish move reflects a stronger USD influence, fueled by recent events surrounding former President Donald Trump.
Despite the steady push from technical factors, USDJPY may face resistance near 154.00. This area may act as a short-term hurdle, as the pair’s upside momentum may slow down once it reaches this level. A minor pullback within the channel is expected, which would help confirm the ongoing trend. This pullback could take USDJPY down to the support zone around 153.000, testing both the 34 and 89 EMAs for further strength.
If the pullback is successful, USDJPY is expected to continue its upward trajectory, heading towards the upper boundary of the channel. The next important resistance zone lies above 156,000, which aligns with the top of the channel, representing a crucial level to watch for further gains.
USDJPY BUY | Idea Trading AnalysisUSDJPY is moving UP.
The chart broke through the dynamic resistance, which now acts as support.
We expect a decline in the channel after testing the current level.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity USDJPY
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
Potential bullish bounce off 50% Fibonacci support?USD/JPY is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance level.
Pivot: 152.49
1st Support: 151.57
1st Resistance: 153.74
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 please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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. IC Markets 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.
Bullish bounce?USD/JPY is falling towards the support level which is a pullback support that is slightly below the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 152.38
Why we like it:
There is a pullback support level that is slightly below the 61.8% Fibonacci retracement.
Stop loss: 151.57
Why we like it:
There is a pullback support.
Take profit: 153.76
Why we like it:
There is a pullback resistance level.
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USDJPY H4 | Bullish Bounce Based on the H4 chart analysis, we can see that the price has just bounced off our buy entry at 152.48, which is a pullback support close to 61.8% Fibo retracement.
Our take profit will be at 153.84, which is a pullback resistance level.
The stop loss will be placed at 151.59, which is a multi-swing low support level.
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USDJPY: Ready for another 1500 pip move? Presidential election in the US, which was one of the most important political events this year, moved the stock market to significant highs, historically speaking. The new rally could weaken the dollar. On the Japanese side of things, the new bullish move might be starting soon. Now that we got the retracement back to our weekly area of interest, its time to start looking for short entries. Our area of interest consists of Fibonacci and VWAP levels.
This analysis is taught and provided by Fractals Trading.
Trade safely and expect the unexpected,
Mei