CAD/JPY Short Minimum entry requirements: • 1H impulse down below most recent low. • If 3 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. NZD/JPY Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
GBP/USD remains under selling pressure above the mid-1.2700s, UK Retail Sales data eyed Given the fundamental outlook, the GBP/USD extended its losses and formed a large ‘bearish engulfing’ candle pattern, increasing the odds for further downside. The Relative Strength Index (RSI) dives further into bearish territory, while the 200-day moving average at 1.2592 is...
USOIL price approaches the resistance zone 83.07-83.51. If the price cannot break through the 83.51 level, it is expected that in the short term there is a chance that the price will go down. Consider selling in the red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
GBPJPY selling expected at the last meeting removing the tightening bias but reaffirming that they will keep low
BTCUSD The decision was significantly more offensive than expected since most analysts expected the bank to change its guidance since inflation has remained at an
EURUSD has erased most of yesterday's "Fed fuelled" gains with a strong 1D red candle that turned the 1D timeframe neutral again (RSI = 48.908, MACD = 0.002, ADX = 36.543). Amidst this volatility a strong technical development is going unnoticed. The pair is about to form the first 1D Death Cross since September 28th 2023 and only second since July 22nd...
So buyers had a shot on the rise after Australia employment data That shot failed against the topside trendline and the subsequent move back between the cluster of movingly averages
Hey there, fellow traders! If you're looking for an exciting move in the forex market, USD/JPY has got something special brewing, and here's why you should pay attention: 🔍 Reading the Charts: Our analysis is shouting 'sell' from the rooftops, starting with targets at 150.640. But that's just the beginning – we're aiming for even lower levels at 148.392 and...
Gold increased sharply after the Fed's decision to keep interest rates unchanged. Gold attracted strong buying pressure when the Fed kept interest rates unchanged and Chairman Powell expressed a "dovish" stance. In the March 20 session, after increasing by more than $10 to above $2,164, gold turned down again and ended the day at $2,157. Earlier today, the Fed...
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate....
The EUR/USD pair kicked off the early European session on Wednesday with a downward push following a positive Tuesday, where the pair reacted to the 1.08400 level as previously anticipated. Now, as the market awaits the Federal Reserve's (Fed) policy announcements, traders brace for potential volatility in the currency pair. The Fed is widely expected to maintain...
EURUSD Therefore the pair may resume the down ward trends sincerely it has formed a break and retest pattern If this happened the next point to watch
yesterday broke above the counter trendline and rallied strongly as the buyers piled in aggressively following the Fed decision and the breakout The price is now a bit overstretched As depicted
CAD/JPY Short Minimum entry requirements: • 1H impulse down below most recent low. • If 3 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
The USD/JPY has surged to multi-year highs in the 151.000s amid a broader strengthening of the US Dollar and shifting trade dynamics, exerting downward pressure on the Japanese Yen. Currently positioned at 151.590, the pair finds itself within a robust resistance zone, hinting at a potential retracement following the Federal Reserve's upcoming policy meeting. As...
XAUUSD will hold its March meeting this week Although the central is largely expected to keep its policy settings unchanged the institution led by Jerome Powell could modify its forward guidance and adjust its outlook in the quarterly summary of economic projections in light Of gold
EURJPY price is in a correction period. and is an upward trend The price is now approaching the 158.6 support zone. If the price cannot break through, It is expected that there is a chance that the price will rebound. Consider buying the red zone >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
GBPUSD had its second consecutive down day after Friday, but the downward pressure weakened because Friday's D1 bar had a narrower range than the previous down D1 bar. The price inched down from the lower boundary of the Inside bar pattern, and if the bottom of this pattern is successfully broken, it is likely that GBPUSD D1 will decline further. A small...