GBPAUD PRINTING REVERSAL GBPAUD printing double top on 4H time frame with bearish divergence it clearlly indicate its reversal so my trade plane in chart Shortby rizwanahmed06031
EURCAD SELL EXPECTED EURCAD has breached the uptrend line giving us sell confirmation. TP and SL are marked. Always follow risk management.Shortby PotentFXUpdated 112
AUDUSD | FOREX22-April-2024 | Live Market Analysis AUDUSD #FOREX Disclaimer: This analysis is for educational purposes only and should not be considered as trading advice or recommendations. Always conduct your own research before making any investment decisions.Longby Kaviarasu_ChandrasekarUpdated 2
EURUSD - in strong downtrendEURUSD - May 31, 2024 Today EURUSD stays in a downtrend, yesterday`s restoration turned into short-lived and the pair remains on course to attain 1.0800 once more withinside the early buying and selling hours of the month. weekend session. Accordingly, the outlook remains favorable for dealers while EURUSD remains beneath many vital resistance stages and regularly lowering in step with the energetic Trendine line. In addition, with the growing probability that the ECB will lessen hobby fees earlier than the Fed, the opportunity of the EUR/USD trade price persevering with to weaken wishes to be taken into consideration withinside the medium term.Shortby TheLeader_WOLF2
GBPCHF: Potential Bullish Continuation 🇬🇧🇨🇭 GBPCHF is trading in a strong bullish trend on a daily. After the price updated a higher high, the market started a correctional movement. The pair is currently approaching a significant support cluster. I believe that probabilities are high that the next bullish wave will initiate from that. We can expect a growth at least to 1.16 ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader2211
EUR/USD - What's in store for JUNE ?? As of May 2024, the EUR/USD currency pair is experiencing a cautious and somewhat bearish sentiment 📉. May has also historically been a weak month for the EUR/USD pair, with average returns of -0.62% since the end of the Bretton Woods system. This seasonal trend appears to be continuing, as the euro has struggled to maintain momentum against the dollar. My personal view is that we will see the price continue to drop going into June next week. However, if we break through the resistance level, we could see significant EUR strength 💪. Currently, the euro is facing several challenges that are impacting its value against the US dollar. Here are a few key points summarizing its current state: 🔸 Weak Sentiment and Technical Resistance: The euro has recently slipped below the 1.10 level against the dollar, a significant technical resistance point. This drop reflects a broader risk-off sentiment in financial markets, where investors are cautious and less willing to take on risk. 🔸 Historical Weakness in May: Historically, May has been a weak month for the euro, with an average return of -0.62% against the dollar since the end of the Bretton Woods system. This seasonal trend has continued, adding downward pressure on the euro this month. 🔸 Strong US Economic Data: The dollar has been bolstered by stronger-than-expected US economic data, particularly in employment and inflation. This has led to a reassessment of expectations regarding Federal Reserve interest rate cuts, which were initially anticipated to be more aggressive. 🔸 Geopolitical Tensions: Ongoing geopolitical tensions, including issues in the Middle East, have contributed to market volatility and a general flight to safety, benefiting the dollar as a safe-haven currency at the expense of the euro. 🔸 Interest Rate Expectations: The recalibration of interest rate expectations has played a crucial role. Investors are now more skeptical about significant rate cuts from both the European Central Bank (ECB) and the Federal Reserve, supporting the dollar and weighing on the euro. For education purposes**Shortby Ninja_Snipes_fx2
EUR/USD may rise 29 - 44 pipsPivot 1.0805 Our preference Long positions above 1.0805 with targets at 1.0845 & 1.0860 in extension. Alternative scenario Below 1.0805 look for further downside with 1.0785 & 1.0770 as targets. Comment Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Supports and resistances 1.0885 1.0860 1.0845 1.0816 Last 1.0805 1.0785 1.0770 Number of asterisks represents the strength of support and resistance levels.Longby Daniel_Thompson1
EURUSD - Sell LimitPutting the Fib and applying the simple DOW Theory. Taking two trades, one of TP1 and other one of TP2Shortby Alee_Kolachi1
USDCHF Long set upIf price reaches 0.9122 go bullish it is a 61.8 Fibonacci level. Profit and stop loss on chart.Longby EleazarahmathUpdated 6
USDJPYAs of today, the USD/JPY pair is trading around 156.71. The market shows a slight decrease of 0.06% over the past 24 hours. The pair remains in a bullish trend, supported by strong buying activity around 156.51, with resistance levels noted at 157.46. Market volatility is expected, and traders are advised to be cautious due to potential price fluctuations. Disclaimer: Please note that the information provided here is for educational and informational purposes only and should not be considered trading or financial advice. Always conduct your own research and consult with a professional financial advisor before making any investment decisions.Longby KhalilKarimii2
$$$$$ AUDJPY UNIQUE IDEA >>....>.>#AUDJPY UPDATE Hey team hope you all are enjoying our ideas and analysis. Now we are here to discuss about AUDJPY. AUDJPY has breaked the main rising wedge pattern. As AUD is dropping gradually that is effecting while AUD market. Here it has Maximum chances we can see drop upto 100Pips+ soon. Always trade with confidenceShortby Williamforex2
Fundamental Market Analysis for May 31, 2024 EURUSDEvents to watch out for today: 12:00 GMT+3. EUR - Core consumer price index m/m 15:30 GMT+3. USD - Change in personal income/expenditures EURUSD: The EUR and USD pairing dipped to 1.0790 on Thursday before a recovery in the broad market forced the dollar lower. US gross domestic product (GDP) growth fell in line with market expectations and investors hoping for a rate cut are taking a cautious step forward ahead of key data to be released on Friday. Fresh data on the pan-European Harmonized Index of Consumer Prices (HICP) will be released on Friday. May HICP core inflation is expected to rise to 2.8% from 2.7%, while HICP core inflation is also expected to rise by 2.5% from the previous reading of 2.4%. Key US data will be released later on Friday, with the core Personal Consumption Expenditures (PCE) price index to be released during the US market session. According to average market forecasts, core PCE inflation for the year ended April will remain at 2.8%, while core PCE inflation for the month will be 0.3%. U.S. GDP growth in the first quarter slipped to 1.3% from a previous reading of 1.6%, matching market forecasts and raising hopes for a Federal Reserve (Fed) rate cut. According to CME's FedWatch tool, traders are pricing in a higher chance of a rate cut by the Federal Open Market Committee (FOMC) in September. With current rate cuts, the probability that the FOMC will leave rates unchanged in September is only 49%, while the probability that rates will be cut by at least a quarter point is over 50%. Trading recommendation: Trade mainly with buy orders at the price level of 1.08400. We consider sell orders at the price level of 1.07950.by Fresh-Forexcast20040
GBPUSD potential head and shoulders patternOn the 4-hour chart, GBPUSD has formed a potential head and shoulders top pattern in the short term. Currently, we can focus on the support near 1.268. If it falls below, it is expected to fall further, and the downside target is around 1.256.Shortby XTrendSpeed1
EUR/CHF Trade Setup: Strategic Short Position Entry: Sell at 0.9912 - Rationale: This level aligns with the 61.8% Fibonacci retracement, a key resistance point suggesting a potential reversal. Stop Loss: 0.9932 - Rationale: Positioned above the resistance level to protect against upside risk. Take Profit: 0.9882 - Rationale: Targeting the support level where we expect the price to find buying interest. Market Context: - The current trend is bullish, but a potential turnaround is possible as indicated on the daily timeframe. - The 61.8% Fibonacci retracement level at 0.9912 is a significant resistance point. Strategy: - Monitor the price action for confirmation of a reversal at the 0.9912 level. - Enter the trade with a clear stop loss at 0.9932 and take profit at 0.9882. Good luck with your trades! Shortby EleazarahmathUpdated 113
Downtrend Line Rejection At 1.08452 31.05.2024- Downtrendline rejection at 1.08452, current rate around 1.08185 (15-min chart, EURUSD) - If rejection holds, likely drop to 1.07868 - Break below 1.07868 could lead to further decline to 1.07226 - If rejection fails, likely rise to 1.08648 - Break above 1.08648 could lead to further increase to 1.08890 _____________________________________________________________________________ Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350)Shortby BDSwiss_Academy0
A BUY OPPORTUNITY MAY ARISE IN GBPJPY Price may go bullish from the current market price as buyers bargain more! Price currently trades at 199.341 If bullish trend tends to develop more. We may see price hover around 200.750 levelLongby Cartela4
Key levels on EURUSDYesterday EURUSD rose to 1,0850 and bounced. It's important to watch over today if it will continue climbing. Upon another attempt to rise, but has no strength and pushes back, a fall will follow. So watch levels above 1.0850 for possible selling. There is no reason to buy at current levels!by ForexTrendline2
Current Trend of EUR/USD (May 2024)The EUR/USD pair is experiencing a downtrend in May 2024, which is historically a weak month for the Euro against the Dollar. Over the past 50 years, May has been the second-worst performing month for EUR/USD, with average returns of -0.62%. This seasonal pattern seems to be holding, as recent US economic data has been stronger than expected, putting further pressure on the Euro. Key Factors Influencing the Trend US Economic Data: Strong economic indicators from the US are contributing to the Dollar's strength, thereby weakening the Euro. Continued robust performance in US economic metrics could push EUR/USD further down. Historical Performance: May’s historical trend indicates a tendency for the Euro to perform poorly against the Dollar. This trend has been consistent, and the current market conditions align with this historical pattern. T echnical Levels: EUR/USD has been tracking its historical performance closely. A notable resistance level is observed in the low 1.2500s, which, if it holds, could lead to further bearish movements. Analysis Summary Given the historical context and current economic indicators, EUR/USD is likely to remain under pressure throughout May. Traders should be cautious and consider the broader economic data alongside technical indicators when making trading decisions. For further detailed analysis, traders can refer to sources like Investing.com and Forex.com, which provide in-depth technical and seasonal insights into the EUR/USD pair.Shortby udarasanje110
USDCAD short for target of 1:8 let's see what happen next reason is that on 1h time frame is's clear bearish so i short and 3 time rejection on lower time frame 15m it's a paper trade Shortby umeshusp220
USD/ZAR movement June 2024 Double header spotted which creates a slow moving but bearish environment for the short term. Resistance at anywhere between 18.75 to 18.78, looking for movement back towards 18.20s. Have a great weekend !Shortby Forex_Senpai1
@@@@@ AUDCAD UNIQUE IDEA $$$$$#AUDCAD UPDATE Hey team hope you all are enjoying our ideas and analysis now we are here to discuss about AUDCAD. AUDCAD almost breakout done. After this breakout we can see drop upto 100Pips+ soon ✍Shortby Williamforex227
Bearish Divergence in GBPCADA bearish divergence is observed in GBPCAD pair in an hourly timeframe. The bearish reversal occurred after the divergence and formed new LLs and LHs. This is potentially a good point for shorting.Shortby wakqas121
GBPCADHello traders GBPCAD this full bearish appears in the chart if it closes it now, its a high potential to sel. the concept behind is the sellers will overrule the market snd buyers will loose their contorl. if you interested more don't miss it to follow me.Shortby Abdukadir_Wardheere224