NYHTSTAR

NYHTSTAR

The AUD/JPY currency pair has shown resilience by bouncing off the support level at 96.70 multiple times over the past week. This repeated defense of the 96.70 level suggests a strong foundation of buyer interest at this price point. The Relative Strength Index (RSI) on the daily chart has been indicating slightly oversold conditions, which has likely contributed...

NYHTSTAR Updated 

The USD/JPY pair has been exhibiting significant strength recently, hitting a 6-month high last week and continuing to trade near elevated levels. Based on yesterday's range (Open 157.151, High 157.955, Low 156.235, Close 157.640), the pair remains in a bullish trend. Following is my analysis of the fundamental and technical factors that may influence its movement...

NYHTSTAR

The GBP/NZD currency pair has recently reached a 9-year high, indicating significant strength in the British Pound against the New Zealand Dollar. Based on the provided information and search results, here's a detailed analysis for the coming 3 days: Fundamental Analysis The GBP/NZD pair has been showing a strong bullish trend, driven by several...

NYHTSTAR

The GBP/AUD pair has recently hit a high of 1.99742 and is retreating from resistance for the third time in 12 months. Here's a detailed analysis for the coming 3 days: Fundamental Analysis The GBP/AUD pair is influenced by several factors: 1. Economic Data: Upcoming US jobs data and Federal Reserve rate signals will likely impact both currencies. 2. Central...

NYHTSTAR

The GBP/USD pair has been under pressure recently, hitting a 6-month low last week. However, it has shown some signs of recovery in the last two days, closing at 1.26400 after reaching a high of 1.26670. Fundamental Analysis Several factors are influencing the GBP/USD pair: 1. US Dollar Strength: The USD remains strong due to expectations of continued robust...

NYHTSTAR

Fundamental Analysis The EUR/AUD pair has been under pressure recently, hitting an 18-month low last week. Several factors are influencing this movement: 1. Eurozone Economic Weakness: The Eurozone continues to face economic challenges, with industrial production declining by 2.0% in September compared to August. This contraction is driven by a decrease in...

NYHTSTAR

EUR_USD closed at 1.04154 last week, marking the lowest low in 2 years. This significant drop indicates strong bearish pressure on the pair. Fundamental Analysis The US Dollar has shown persistent strength, driven by robust economic data and hawkish signals from Federal Reserve officials. Weekly Initial Jobless Claims fell to 213,000, indicating a resilient...

NYHTSTAR

EUR/CHF closed at 0.93158 last week, marking the lowest low in 9 years. This significant drop indicates strong bearish pressure on the pair. Fundamental Analysis The Euro Area's final CPI reading for October is expected to show headline inflation rising from 1.7% to 2.0% YoY, while core inflation remains at 2.7% YoY . This could provide some support for the...

NYHTSTAR

Watch for NZD/USD to approach the critical support level of 0.58500 for its third test in 7 months, and once it reaches this level, look for bullish confirmation patterns like an engulfing candle or hammer before entering a long position. Set your stop loss at 0.58200 (30-40 pips below entry) while risking no more than 1% of your account, then target three profit...

NYHTSTAR

The Third High Pivot Point Followed by a Rebounding Engulfing Candle strategy, when focused on a Red Engulfing Candle in a bearish direction, as follows: 1. Third High Pivot Point (H3): The third high pivot represents a critical resistance level where the price has struggled to break through and may be approaching a point of reversal or exhaustion. 2. Red...

NYHTSTAR

This Forex setup describes a bearish trend where the price is consistently making lower highs and lower lows over the last week. This indicates a downward trend in the currency pair, with sellers gaining control over the price action. The analysis is based on: Market Sentiment: There is an expectation of USD strength due to confidence in a potential Trump...

NYHTSTAR

EUR_JPY has been trading within a narrow range over the past week, with no major news affecting either currency today. Consider buying at 164.920 and selling at 165.940, aiming for approximately 100 pips on this trade.

NYHTSTAR Updated 

Technical Analysis: Triple Resistance Test Failure Pattern Overview A significant bearish signal has emerged with the triple resistance test failure, followed by a key reversal pattern at a high pivot point. This formation suggests increased selling pressure and potential trend reversal. Key Technical Elements 1. Triple Resistance Test - Price made three...

NYHTSTAR

A double top formation on the weekly timeframe, combined with a close below the previous week's high, plus a week showing lower highs and lower lows - this typically suggests bearish momentum is building. Here's why: Double top: This is a reversal pattern showing price failed twice to break above a resistance level Close below previous week: Indicates sellers...

NYHTSTAR

This setup is in line with a classic trend continuation after a liquidity grab, signaling a strong probability for further downside. If there are no major fundamental factors to disrupt the trend, a 200-pip move towards 1.07700 seems reasonable. Be sure to monitor key support levels along the way and watch for any signs of reversal.

NYHTSTAR

Price reached a high pivot, triggering a liquidity sweep as it took out stops above resistance. The next candle formed a bearish engulfing pattern, signaling a potential reversal. This setup suggests a short entry, with expectations of a downward move from this resistance level to support at 1.07700

NYHTSTAR

Trading within range, moving downward toward support at 1.95600. Weekly chart shows a Hammerhead candle, while 6-hour chart displays lower highs and lower lows, with a previous liquidity sweep. Australia's balance of trade is expected to weaken, and British interest rates are projected to decline.

NYHTSTAR

After three bottom candles over the last three hours failed to break support, a bullish engulfing candle has now formed, signaling a possible upward momentum. 📈 Buy Entry: 1.0750 📉 Stop Loss: 1.0780 🎯 Target: 1.0835 Be mindful of the stop-loss level, as it’s set to limit downside risk if the setup reverses. Happy trading!