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DJ FXCM Index

AUDUSD Medium-term sell signalThe AUDUSD pair has been trading sideways since the May 16 High, supported by the 1D MA50 (blue trend-line). The dominant pattern has been a Triangle going back to the October 13 2022 market bottom and the current consolidation is taking place right at the top (Lower Highs trend-line) of the pattern. As you can see, this is quite similar to the Q2-Q3 2023 price action, which after the Triangle top rejection, it declined below the 1.236 Fibonacci extension. Even the 1D RSI sequences between the two fractals look similar. As a result, we turn bearish on this pair, targeting 0.63450 (Fib 1.236 ext). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1
USDCHF Sell opportunity on perfect symmetry.The USDCHF pair broke this week below the 1D MA200 (orange trend-line) for the firs time since March 14 and is extending a downtrend that started on the May 01 2024 Top, a rejection on the 1W MA200 (red trend-line). The last time we had a similar (near) rejection was on the October 03 2023 Top, which also initiated a downtrend. That structure targeted the 1.5 and 2.5 Fibonacci extension levels in succession. With the 1D RSI sequences among the two fractals showing tight symmetry, we see now the final sell opportunity to target the 2.5 Fib. Our Target is at 0.87000 (within Support 1 and Fib 2.5). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
EURUSD: 2 Bearish Confirmations 🇪🇺🇺🇸 I see 2 strong bearish signals on EURUSD. After a formation of a strong bearish impulse, the pair started to steadily recover within a bearish flag pattern on a 4H. The price also formed the inside bar formation within the boundaries of the flag. Today, both the support of the flag and the range of the mother's bar were broken. It is a very strong technical confirmations. I think that the market may drop to 1.069 ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
1
USDCAD BULLISH IDEA. 100 PIPSAt first glance, USDCAD might seem to be moving sideways on the highest time frame. However, a closer look at lower time frames—daily, H4, H1, and 15 minutes—reveals a different story. The pair has been consistently forming bullish patterns and breaking previous highs. This suggests a strong possibility that USDCAD is gearing up to target 1.39000. It’s only a matter of time before another bullish flag emerges, presenting great buy opportunities. Let’s watch closely and see how the action unfolds!
Long
by fasthandfx
7
USDCHF BULLISH STRUCTURE 100 pipsThe USD/CHF pair recently formed a bearish channel, hitting the horizontal support trendline before showing a clear reversal pattern on the H4 chart, which is even more apparent on the H1 chart. The price has already broken out of the double bottom and is currently attempting to retest the neckline. I'm anticipating a retest within a continuation pattern, specifically a bullish flag. Within this bullish flag, I'm also expecting a reversal formation, either an inverse head and shoulders or a double bottom on the 15-minute timeframe, before entering a buy position. My target is to capture a 100-pip move.
Long
by fasthandfx
5
Buy GBP/USD Wedge BreakoutThe GBP/USD pair on the H1 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Wedge Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.2710 Target Levels: 1st Resistance – 1.2812 2nd Resistance – 1.2905 Stop-Loss: To manage risk, place a stop-loss order below 1.2650. This helps limit potential losses if the price falls back unexpectedly. Ichimoku Cloud Support: The current price sits comfortably above the Ichimoku cloud, a technical indicator that often signals bullish momentum when the price is above the cloud. Thank you.
Long
by KABHI_TA_TRADING
8
US30 - Watch Buy Zone!US30 is creating a really interesting pattern. We could be in an impulse/diagonal - Both of which follow similar rules. Wave 2 was a clear flat correction = 335, which broke out upwards of 23%! We are seeing a similar correction to wave 2 now. Typically wave 4 retraces atleast to the 38.2 fibonacci level. This is where we'll have our buy zone. We want to see 5 wave move down for subwave C (of wave 4). If all goes according to plan, we can draw an entry trendline using points 2 and 4 of subwave C to catch the 5th move higher. Should be an easy trade! Will update this setup if this gets enough engagement. Goodluck and as always, trade safe!
FX:US30
by WicktatorFX
1
XAU - GOING SIDEWARD BUT STILL IN DOWN TRENDGold rose to around the $2,320 per ounce mark on Monday, rebounding from declines in the previous session, as investors awaited a series of economic reports and comments from Federal Reserve officials throughout the week to gauge the Fed’s interest rate cut timeline. Key focal points include the US retail sales data scheduled for later today, weekly jobless claims on Thursday, and Friday's flash purchasing managers' indices, all of which offer insights into consumer spending and economic strength. Gold maintains the small frame sideway zone, the price tops create consecutive false breaks 🔴SELL GOLD: 2348 - 2350, SL: 2354 🟢BUY GOLD: 2307 - 2305, SL: 2301 Note: Zone 2300 ⛔️Breakout: 📈 Breakout on: 2326 - 2341 📉 Breakout below: 2312 - 2305 🔼Support: 2305 - 2300 - 2291 - 2286 🔽Resistance: 2330 - 2340 - 2350 GOOD LUCK EVERYONE👍
OANDA:XAUUSDShort
by Scalper_Ananda
USDDKK Strong bullish signal within a Channel Up.The USDDKK pair broke above its 1D MA50 (blue trend-line), which held yesterday as Support and this technically confirmed the continuation of the new Bullish Leg of the Channel Up that started after the December 28 2023 bottom. In the past 12 months, we have seen strong accumulation to be taking place every time the pair breaks below the 1D MA50 (blue arc pattern), followed by a strong rise. Now that we trade within the Channel Up, the natural target is its top (Higher Highs trend-line). We have set ours a little lower at 7.08000, in case it 'only' registers a +3.66% rise, similar to the April 16 Higher High. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
2
Scalp - Gold goes sideways on US holidaysGold held steady around the $2,330 per ounce mark on Wednesday after declining in the previous session, as softer-than-expected US retail sales data strengthened expectations of imminent Federal Reserve rate cuts. Retail sales in the US rose by 0.1% in May, following a revised 0.2% decline in April, missing the 0.2% forecast and signaling cooling consumer sentiment. Meanwhile, Fed Bank of New York President John Williams stated on Tuesday that interest rates will gradually decrease but did not specify when the central bank will begin easing monetary policy. Investors are now focused on weekly jobless claims due Thursday and flash purchasing managers' indexes on Friday for insights into consumption and economic strength. The price line has not changed yet. Although yesterday's news contributed to the rise in Gold, today's slight increase could still continue despite the Bank Holiday and important GBP News in the European session. H4 price range is getting smaller 2334-2306 waiting for a break. But with bank holidays, you should be more careful to avoid false breaks. 🔴SELL GOLD: 2348 - 2350, SL: 2354 🟢BUY GOLD: 2307 - 2305, SL: 2301 Note: Zone 2300 ⛔️Breakout: 2334 - 2305 🔼Support: 2324 - 2315 - 2306 - 2300 - 2291 - 2286 🔽Resistance: 2334 - 2340 - 2350 GOOD LUCK EVERYONE👍
OANDA:XAUUSDShort
by Scalper_Ananda
EURUSD on a counter-trend rebound but still bearish long-term.The EURUSD pair isn't diverging from our original plan (June 04 idea, see chart below) and is extending the new Bearish Leg of the 6-month Channel Down: Today it tested the 4H MA50 (blue trend-line) of a counter-trend rebound, which has take place during both previous Bearish Legs. The 1st time was +1.12% and the 2nd +1.50% that even broke above the 4H MA200 (orange trend-line). Having formed the new 4H Bearish Cross last Friday (first since March 28), this rise is the final sell opportunity (technically) before a new Lower Low. Our Target remains more modest at 1.06040 (Support and previous Lower Low) but we will take profit earlier if the 1D RSI hits 30.00 first. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1
USDHKD Be ready for a long-term buy.The USDHKD pair has been giving us excellent trades in the past 12 months and the latest (April 18, see chart below) almost hit our 7.79500 Target about 3 weeks ago: With the price approaching yet again the 11-month Support Zone, there is no reason to diverge from this successful pattern. Right now by being so close to the Support Zone, the R/R ratio favors buying towards the Resistance Zone. Our Target will be slightly lower at 7.83900 (April 08 High). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
USD/CAD:USD Faces Pressure Amid Eurozone Political UncertaintyEid Mubarak to all our Muslim brothers and sisters, Permit me to do a detailed commentary of economic event on EUR, CAD, and USD. Eurozone Political Instability Impacting the Euro The Euro remains under significant pressure, primarily due to escalating fears of a financial crisis in France. Political turmoil and economic instability in the Eurozone, particularly in one of its key economies, have shaken investor confidence. This instability has led to a weaker Euro as investors seek safer assets, impacting currency markets globally. Canadian Dollar Strengthens on Positive Economic Data The Canadian Dollar, commonly referred to as the Loonie, saw a notable increase in value on Friday. This upward movement was driven by positive economic data from Canada, which reported a 1.1% rise in factory sales. The stronger-than-expected performance in the manufacturing sector has boosted investor confidence in the Canadian economy, thereby strengthening the Loonie. Federal Reserve's Policy and Its Effects on USD The Federal Reserve's recent policy meeting introduced a slightly hawkish tone, which initially led to a rise in expectations of interest rate cuts. However, following the meeting, these expectations have diminished. The Fed’s stance suggests a cautious approach to monetary policy adjustments, which has implications for the USD's strength. The reduced likelihood of significant rate cuts has provided some support to the US Dollar. USD/CAD Outlook and Market Sentiment Looking at the USD/CAD outlook for Monday, bearish momentum is evident as the US Dollar experiences a decline. This drop is largely attributed to the ongoing political uncertainty in the Eurozone, which has ripple effects across global financial markets. Despite the Fed’s hawkish hints, the prevailing sentiment reflects a cautious approach among investors, influenced by geopolitical and economic concerns. In summary, while the US Dollar initially climbed due to Eurozone instability, the overall outlook for USD/CAD appears bearish. The interplay between Eurozone political issues, positive Canadian economic data, and the Federal Reserve’s policy stance will continue to shape market dynamics in the near term. Cheers and happy trading!
Short
by Samuel124
Conflicted Euro Caught Between Hawkish Fed and Political IssuesThe Eurozone's currency, the Euro, finds itself in a precarious position, buffeted by two powerful forces: the tightening grip of the U.S. Federal Reserve and the ever-present political turmoil within the European Union. Navigating this treacherous landscape presents a significant challenge for investors and traders alike. The Fed Talks A Rising Tide Sinks All Boats The primary driver of the Euro's woes is the aggressive monetary policy shift by the U.S. Federal Reserve. In response to surging inflation, the Fed has embarked on a series of interest rate hikes, making the U.S. dollar a more attractive proposition for investors. Higher interest rates in the U.S. entice investors to park their funds in dollar-denominated assets, leading to a stronger dollar. This, in turn, weakens the Euro through a simple principle: currency exchange rates operate on a relative basis. A stronger dollar makes the Euro comparatively less valuable. The Fed's actions have a ripple effect across global financial markets. As the dollar strengthens, it attracts capital away from other currencies, including the Euro. This capital flight weakens the Euro's value and creates a vicious cycle. Additionally, a stronger dollar makes Eurozone exports more expensive on the global market, potentially dampening economic growth in the region. European Internal Divisions Weigh Heavy Adding to the Euro's woes are the ongoing political uncertainties within the European Union. The bloc faces several internal challenges, including: • The Rise of Euroscepticism: Populist movements that question the benefits of European integration are gaining traction in some member states. This creates uncertainty about the future of the Eurozone and discourages investors from committing to the Euro. • Disunity on Fiscal Policy: Member states often have differing government spending and taxation priorities. This can make it difficult for the European Central Bank (ECB), the Eurozone's central bank, to implement a cohesive monetary policy that benefits all members. • The Ukraine War: The ongoing war in Ukraine has added a layer of economic and political instability to the region. The war's impact on energy prices and supply chains further dampens the Eurozone's economic prospects. These internal divisions weaken the Euro's image as a stable and reliable currency. Investors are more likely to favor the dollar, which is seen as a safe haven during times of global uncertainty. Steering Clear of the Dollar's Influence: Alternative Strategies While the Euro's near-term outlook appears uncertain, traders looking to speculate on the currency should consider strategies that minimize the impact of the dollar's dominance. Here are some potential approaches: • Focus on Eurozone Fundamentals: Analyze the economic health of individual Eurozone member states. Look for countries with strong economic fundamentals, such as low unemployment and healthy trade surpluses. Currencies of these countries may outperform the Euro itself. • Play the Spread: Instead of directly trading the Euro against the dollar, consider trading it against other currencies within the Eurozone itself. This approach could benefit from internal economic disparities within the bloc. • Focus on Long-Term Trends: The Eurozone, despite its challenges, remains a large and economically powerful region. Long-term investors may choose to hold the Euro based on their belief in the region's eventual economic recovery and political stability. Conclusion: A Currency at a Crossroads The Euro's current predicament highlights the complex interplay between global economic forces and regional political realities. While the dollar's strength and internal European divisions pose significant challenges, opportunities still exist for investors who can navigate these volatile conditions. By focusing on Eurozone fundamentals, exploring alternative trading strategies, and considering long-term trends, traders can potentially find success even as the Euro is in a conflicted battle.
BMFBOVESPA:EUR1!
by bryandowningqln
Sell USD/JPY Wedge BreakoutThe USD/JPY pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Wedge Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position below The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 157.55. Target Levels : 1st Support – 156.00 2nd Support – 155.20 Stop-Loss: To manage risk, place a stop-loss order above 158.35. This helps limit potential losses if the price falls back unexpectedly. Thank you.
Short
by KABHI_TA_TRADING
1
DXY 4hour TF - June 17th, 2024Monthly - Bullish Weekly - Ranging Daily - Bullish 4Hour - Bullish Scenario 1: It is likely price action will continue higher but needs to find some footing above the 105.400 resistance zone. This would mean a bullish dollar for the week ahead. Scenario 2: If price action fails to push above our 105.400 zone we could see a sharp bearish leg. Look for lower highs with strong bearish conviction below 105.400. This would mean a bearish dollar for the week ahead.
TVC:DXYLong
by ForexLeague