Hello everyone! Today, GBPUSD attempted to recover after hitting a new several-month low below 1.2300 suggesting a very positive outlook. On impact news: GBP/USD is consolidating a recovery above 1.2500 in European trade on Thursday. The pair struggled, despite US Dollar weakness in response to dovish Fed signals. Mixed market mood limits GBP/USD gains ahead of...
The GBP/CHF pair on the M30 timeframe presents a potential shorting opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This breakout suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming hours. Key Points: Sell Entry: Consider entering a short position (selling) below...
The EUR/CAD pair on the M30 timeframe presents a potential shorting opportunity due to the presence of an ascending triangle pattern. Potential Short Trade : Entry: Consider entering a short position (selling) below the broken support trendline of the triangle after confirmation. Ideally, this would be around 1.4710 or lower if the price continues to...
Hello all dear traders! Overall, as expected EURUSD rebounded after the previous sharp decline, continuing to maintain at a trading high at 1.0733. On the news impact: EUR/USD returned to its peak above 1.0700 as market risk appetite regained balance ahead of another US Nonfarm Payrolls on Friday. On the fresh outlook for EURUSD: From the chart, with this high...
Hello all friends! Currently, EURUSD has regained momentum and rose to as high as the April high of 1.0885 in today's trading session. The resurgence of bearish pressure on the US Dollar (USD) encouraged EUR/USD to trim Tuesday's losses and reclaim the area well above the 1.0700 barrier on Wednesday. Over the longer term, US Dollar weakness is expected to be...
Hello everyone! What do you think—should we buy or sell EURUSD today? Let's delve into this currency pair! Currently, EURUSD is on a continuing downtrend that has lasted for several months now, and past recoveries appear to have merely served as corrective waves. The latest recovery also faced a similar fate, stalling as prices reached the retracement zone around...
EURUSD is moving above an ascending trendline on the 4-hour timeframe and currently retesting this trendline. Considering the situation of the Dollar index and the possibility of a downward movement in the Dollar index, we can expect a bullish move from this range. 📈💶
Dear friends! Overall, GBPUSD may continue its medium-term uptrend supported by the sharp decline in the US Dollar after the US Federal Reserve kept interest rates unchanged. On H4, the pair is in consolidation at high levels with strong support around the 1.2518 breakout level. The resistance zone at 1.2570 continues to hold the price, but amid accumulation and...
The current USDCHF SELL ZONE is at 0.91140. This indicates a strategic entry point for selling the USD against the Swiss Franc. Traders may consider setting multiple take-profit levels to optimize their potential gains: at 0.90987, 0.90594, and 0.90200. These levels represent key areas where the price is anticipated to reach, allowing for incremental profit-taking...
The current AUD/USD exchange rate presents a lucrative buying opportunity at 0.65385. This level indicates a favorable entry point for investors looking to capitalize on potential upward movement in the Australian dollar against the US dollar. Setting multiple take-profit levels, such as at 0.65452, 0.65473, and 0.65810, provides a strategic approach to secure...
The AUD/CAD currency pair is currently indicating a favorable buying opportunity, with the buy zone identified at 0.89673. This suggests that traders may consider initiating long positions in anticipation of potential price appreciation. Moreover, strategic profit-taking levels have been established to optimize gains, with targets set at 0.89878, 0.90025, and...
EUR/USD has revisited the recent consolidation high on Thursday, reclaiming territory north of the 1.0700 threshold as market risk appetite stabilizes ahead of another US Non-Farm Payrolls (NFP) report on Friday. Price action has been aligning with the 34 and 89 EMA as the market anticipates a direct catalyst that could decisively influence the trend...
The GBP/JPY currency pair is displaying potential for a bearish movement, with a targeted selling zone identified at 196.70. This zone represents a level where sellers may look to enter the market, anticipating downward pressure on the exchange rate. Moreover, technical analysis suggests several potential targets for this bearish movement. The first target is set...
GBP/USD gains traction above 1.2500, Fed keeps interest rates steady GBP/USD gains traction near 1.2535 early Thursday. The major pair's rally was supported by a sharp decline in the US Dollar after the US Federal Reserve kept interest rates unchanged. GBP/USD fell sharply on Tuesday and erased all of Monday's gains. The pair hovered in a tight range below 1.2500...
Most newbies, and even intermediate traders don't really understand what high risk to reward trades require from themselves and from the market. They think it is something to strive for, and that high RR trades are reserved for the pros. This is far from the truth. In this video I try to give more perspective to this concept. - R2F
The market bounced off the support level by taking liquidity below the previous day's lows after news came out. Bears could not push FX:EURUSD lower, meaning that we can expect a deeper pullback upside. The market trend is still bearish on the daily timeframe, and above that, we have strong resistance levels. TVC:DXY made a double top on the daily timeframe...
Hello all dear traders! On the news impact : EUR/USD continued to rise on Thursday as the prevailing positive sentiment in the markets brought support to risk-sensitive currencies such as the Euro. This improved risk appetite can be attributed to dovish comments from Federal Reserve Chairman Jerome Powell on Wednesday. It is currently trading at 1.0717, but...
Pair Name : USD/CHF 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— Bearish Break...