Get started

Forex market

EUR/USD: PAT + VPA 10/21/2024Good morning, I will be monitoring the daily candle close today, anticipating a bullish pullback or reversal to develop over the next few weeks. Several indicators have pointed to this: 1. The weekly chart has surpassed the previous high established on December 25, 2023. Currently, the price is attempting to retest the Demand zone that led to the breakout of that high.. 2. The weekly demand zone is identified between 1.0775 and 1.0825. Pay attention to the key level at 1.080, as it appears to be setting up as a robust support level for the currency pair. 3. The market has declined approximately 400 points since September 27, 2024, showing minimal pullbacks on a daily basis. Notably, this price drop has formed a double top without a genuine next line test. I anticipate that prices will rebound to around 1.100 in the coming weeks. A break below 1.100 could trigger a long-term retracement back to the highs at 1.200. Volume signature indicates that market makers are gradually exiting the trend. The weekly outlook remains bullish and is expected to dominate. It's important to note that the weekly chart is currently retesting the bearish flag it broke out of between June 24, 2024, and August 19, 2024. TVC:DXY OANDA:EURUSD XETR:DAX
Long
by ThePipAssassin
16
Trade 3: GBP/USD - Short - 6.3 RR RatioLonger Time Frame Analysis - 1hr 1. Clear bearish sentiment Shorter Time Frame Analysis - 15min 1. AMD price action 2. Head & Shoulder Pattern Shorter Time Frame Analysis - 5min 1. Shorter EMA cross under Longer EMA at the bearish triangle breakout Entry: 1. BOS - Head & Shoulders 2. Shorter EMA cross under Longer EMA 3. The candle next to breakout bearish candle closed below the price of breakout candle Target: Using Support & Resistance of Price Action T1: 1.28457 SL: Above breakout base of head & shoulders pattern *Please let me knows your views and thoughts, they will remind me there's more to learn*
Short
by MyWayofLookingThings
Trade 1: EUR/USD - Short - 7.6RR RatioLonger Time Frame Analysis - 1hr 1. We can see a clear big engulfing bearish candle, indicating a downtrend. Shorter Time Frame Analysis - 15min 1. AMD price action 2. Bearish range bounded price action 3. Price at resistance of range bound Entry: 1. BOS within range bound 2. Shorter EMA cross under Longer EMA 3. The candle next to breakout bearish candle closed below the price of breakout candle Target: T1: 1.06812 T2: 1.06620 T3: 1.06417 SL: Above EMA cross under
Short
by MyWayofLookingThings
1
EURUSD SHORT SETUP Smart Money Play for EURUSD The goal is to wait for a pullback to resistance within this bearish trend, then position for a continuation downwards. Here’s a structured approach: 1. Look for a Pullback to Resistance: • Since price is in a previous consolidation range, watch for a pullback to a level of resistance, possibly near the upper bounds of this range. For instance, look at levels like a daily moving average (20 or 50 SMA) or a high-volume node in the volume profile, which could act as strong resistance. • Use the 4-hour Ichimoku Conversion Line or Base Line as a short-term resistance level. If price approaches but stays below these levels, it may signal a solid area to enter short. 2. Volume Confirmation: • During the pullback, if volume remains low or the Chaikin Oscillator stays negative, it would signal that the buying pressure is weak, making a continuation downwards more likely. • Look for the CMF and ADL to remain bearish, as confirmation that the broader selling pressure is intact. 3. Wait for a Clear Reversal Signal on the Lower Timeframe (4-Hour or 1-Hour): • Use the 4-hour chart to refine your entry. Wait for the RSI to re-enter bearish territory and for MACD to regain momentum on the downside. • Alternatively, a bearish Supertrend signal or a breakdown below the 4-hour Ichimoku Conversion Line after a weak pullback can serve as an entry trigger. 4. Downside Targets: • Set initial targets at recent lows within the consolidation range, as well as potential Fibonacci extension levels for the swing down. • If the daily downtrend continues to accelerate, you may consider trailing stops to capture a larger movement as long as price remains below the daily Ichimoku cloud. Summary of Smart Money Play 1. Trend Bias: Stay with the trend (bearish). 2. Setup: Wait for a pullback to resistance within the bearish trend, ideally near a moving average or high-volume node. 3. Entry Trigger: Confirm selling pressure resumes on the 4-hour or 1-hour chart. 4. Risk Management: Use recent highs or a level above the resistance as a stop, and target lower lows, with the option to trail the stop as long as bearish indicators align.
Short
by Shivsaransh1
NZDCAD 4hr ShortNZDCAD ✅ 4hr Short ✅ 💰ENTRY: 0.82772 👎STOP LOSS: 0.83037 TP TARGETS ⏰TP1 ⏰TP2 ⏰TP3 ✅1. Weekly Time Frame: Price has been breaking bearish and trending below the 10, 50, 200 EMAs. ✅ 2. Daily Time Frame: Price has been breaking bearish and trending below the 10, 50, 200 EMAs. ✅ 3. 4hr Time Frame: Price has made a valid correction into the 10 EMA. ✅ 4. Price has made a Swing high Engulfing candle below the 50ema. This is a great example of my systematic system.
Short
by angelvalentinx
Euro collapses in US election aftermath | FX ResearchThe US dollar is making significant moves today, soaring higher following a surprising victory for Donald Trump. The dollar has reached its strongest level in a year, making notable gains against the euro and yen. Risk-correlated assets have sold off, but the dollar is benefiting from a positive reaction in US equities, with futures pushing to fresh record highs. The "Trump trade"—driven by expectations of tariffs and tax cuts—is lifting both the dollar and stocks. The market will likely take the rest of the day to digest what has been a surprising result for many. Predictive market platforms are gaining more credibility today, having forecasted a clear Trump victory for several weeks. On the data front, euro area figures came in slightly stronger than expected, but this had little impact on the euro, as concerns over Trump’s tariffs weigh on sentiment. UK PMIs were slightly softer, while earlier today, New Zealand's employment data missed expectations. In other markets, Bitcoin hit a fresh record high and could be on track to accelerate towards the $100,000 mark. After months of consolidation, Bitcoin’s gains have been somewhat tempered by the surge in dollar strength. However, we suspect that as the dollar slows down—either due to technical overextension or a shift in focus toward expectations of more rate cuts from the Fed—Bitcoin and crypto assets could accelerate to the upside. Looking ahead, we have an ECB speech from Christine Lagarde and Canada’s Ivey PMI data on the docket. Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
by BlackBull_Markets
NZDUSD to turnaround?NZDUSD - 24h expiry Price action has continued to trend strongly lower and has stalled at the previous support near 0.5925. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. A move through 0.5975 will confirm the bullish momentum. The measured move target is 0.6025. We look to Buy at 0.5925 (stop at 0.5893) Our profit targets will be 0.6005 and 0.6020 Resistance: 0.5975 / 0.6000 / 0.6025 Support: 0.5925 / 0.5900 / 0.5875 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
EURJPY 4hr LongEURJPY 4hr Long ✅ 4hr Long ✅ 💰ENTRY: 165.916 👎STOP LOSS: 164.926 TP TARGETS ⏰TP1 ⏰TP2 ⏰TP3 ✅1. Weekly Time Frame: Price has been breaking bullish and trending above the 10, 50,200 EMAs. ✅ 2. Daily Time Frame: Price has been breaking bullish and trending above the 10, 50, 200 EMAs. ✅ 3. 4hr Time Frame: Price has made a valid correction into the 10 EMA. ✅ 4. Price has made a Swing Low Engulfing candle above the 50ema. This is a great example of my systematic system.
Long
by angelvalentinx
How the U.S. Election Could Impact USD and EUR/USD Trading"As the U.S. presidential election approaches, it’s time to consider how it might impact our trading strategies, particularly with the U.S. dollar and EUR/USD. Political shifts bring market volatility, so let’s break down how each outcome could influence the dollar and the EUR/USD pair. Election Outcomes and Market Impact 1. If Democrats Win: A Democratic victory could weaken the dollar, as policies may lead to lower inflation and reduced real interest rates. This scenario might push the EUR/USD pair higher, with potential targets around 1.1300–1.1850. For traders, this could mean a favorable environment to consider EUR/USD gains. 2. If Republicans Win: On the other hand, a Republican win might initially strengthen the dollar, thanks to expected trade policies and rising interest rates. However, this strength could be short-lived. Long-term factors may introduce volatility, potentially giving the euro a chance to regain ground against the dollar. Key Levels to Watch in EUR/USD From a technical standpoint, keep an eye on resistance levels from 1.1275 to 1.1750 for potential bullish moves, while support around 1.1000 and a critical level at 1.0900 could indicate a downturn. Combining these levels with election news can help you make informed trade adjustments. How to Trade Before, During, and After the Election Leading up to the election, watch for narrowing polls, as this could introduce uncertainty and increased volatility. During the election itself, expect the market to react strongly—prepare for a Trump win to potentially strengthen the dollar and a Harris victory to have the opposite effe
by habib75rajabi
USD/JPY surges as Trump storms to victoryThe US dollar is on a tear against the major currencies after Donald Trump’s sweeping victory in the US presidential election. In the North American session, USD/JPY is trading at 154.62, up a massive 2.0% on the day. There are still plenty of votes to count in the US election but it looking increasingly likely that Republican Donald Trump has been re-elected as President. Trump and Democrat Kamala Harris were in a dead heat going into the election on Tuesday and there was concern that declaring a winner could take days or even weeks, which would have led to prolonged uncertainty. In what was a huge surprise to both sides, Trump cruised to victory. The win is even sweeter for the Republicans as they likely have won control of both the House of Representatives and the Senate. With the Republicans in charge, Trump’s agenda will be easier to push through Congress. It should be noted that at the time of writing, the vote count is incomplete and Harris has not conceded defeat. The US dollar has responded to the Trump win with sharp gains and the yen is in full retreat. Trump’s threats to slap stiff tariffs on China, Europe and Mexico would support the dollar, as tariffs would raise inflation and interest rates. If Trump’s policies lead to trade wars, market sentiment will fall, further boosting the dollar. The Bank of Japan released the minutes of its September meeting today. At the meeting, the BoJ kept rates at 0.25% and Governor Ueda said that BoJ would not rush to raise rates during market volatility. Those comments were a response to a stock market slide after weak US employment reports raised fears that the US economy was deteriorating much more quickly than expected. Those fears were unfounded and the markets don’t expect a BoJ rate hike before early 2025, although if the weak yen takes a dive, it could accelerate plans to raise rates. USD/JPY has pushed past resistance at 151.86, 152.87 and 153.84. The next resistance line is 153.95 150.78 and 149.77 are providing support
by OANDA