Gbpusd (H4) PredictionsGBP/USD is on the defensive below 1.2700 in the European morning on Thursday. A broadly stronger US Dollar amid waning Fed rate cut expectations and risk-aversion, keeps the pair undermined ahead of US data and Fedspeak. Longby Senorita71Updated 1135
GBP/CAD Accumulation Area Suggests Imminent Bearish ShiftThe GBP/CAD pair recently reached a market high on September 23, 2023. Presently, the price is situated in an accumulation area, suggesting the potential for a bearish reversal. Technical analysis indicates that the pair may retrace to the 1.7300 level and potentially beyond. Given the current market conditions, we have identified signs that support a possible downward movement. The accumulation area, characterized by price consolidation, often precedes a significant price movement. In this case, the consolidation at the top suggests that the market is preparing for a reversal. From a technical perspective, various indicators, including momentum oscillators and trend analysis, support the hypothesis of a bearish reversal. Specifically, divergence observed in higher timeframes points to weakening bullish momentum, increasing the likelihood of a downward correction. Considering these factors, we are looking for a short setup in this region. Traders should monitor key support and resistance levels and be prepared for potential market shifts that align with this bearish outlook. Our target for the reversal is initially set at the 1.7300 level, with the possibility of further declines if the bearish trend gains strength. In conclusion, the GBP/CAD pair's recent high and current accumulation phase present a compelling case for a bearish reversal. By carefully observing market signals and technical indicators, traders can position themselves to capitalize on this anticipated market movement.Shortby FOREXN1Updated 117
GBP/JPY Faces Downward Pressure Despite Market 'Yenterventions'On Wednesday, GBP/JPY experienced a slight decline, easing to 200.30 but remaining close to multi-decade highs near 200.75. The pair has drifted into bullish territory as markets seem to dismiss potential "Yenterventions" by the Bank of Japan (BoJ), which have yet to be confirmed. Despite speculation about direct intervention in global foreign exchange markets, the Yen continues to weaken. The primary driver behind the Yen's ongoing decline is the substantial interest rate differential between the Yen and other major global currencies. This wide gap in interest rates has kept JPY flows on the short side, as investors seek higher yields elsewhere. Even with repeated warnings from BoJ policymakers, the market continues to sell the Yen, demonstrating limited impact from these interventions. Furthermore, the BoJ's stance and actions have been under scrutiny, as their commitment to maintaining ultra-loose monetary policy contrasts sharply with the tightening cycles observed in other major economies. This divergence in monetary policies exacerbates the Yen's depreciation, as higher interest rates elsewhere attract capital flows away from Japan. From a technical perspective, GBP/JPY shows signs of divergence on the higher time frame charts. This divergence indicates a potential bearish setup, suggesting that the pair might be due for a correction after its recent highs. Technical analysts often use such divergences as early indicators of potential reversals in trend, as they reflect underlying market conditions that may not be immediately apparent in the price action alone. In addition to the technical signals, the broader market sentiment and macroeconomic factors should be considered. The ongoing uncertainty regarding the BoJ's actual interventions and the general risk sentiment in global markets could influence GBP/JPY movements. As such, while the pair currently remains in bullish territory, traders should stay vigilant for signs of a potential reversal, particularly given the mixed signals from both fundamental and technical perspectives. In summary, GBP/JPY has shown resilience near multi-decade highs despite the BoJ's warnings and potential interventions. However, the significant interest rate differential and technical indicators of divergence suggest a possible bearish setup. Investors and traders should closely monitor both the BoJ's actions and broader market trends to navigate this complex trading environment effectively.Shortby FOREXN1Updated 117
USD/CAD Trade Setup: Long Position Analysis Buy Entry: 1.3600 - Rationale: This level acts as a strong support on the 4-hour chart, which was previously resistance before being broken. Stop Loss: 1.3546 - Rationale: Positioned below the support level to limit potential downside risk. Take Profit: 1.3697 - Rationale: Targeting the next significant resistance level for profit-taking. Market Context - Price Action: The market has shown indecisive price action, leading to sideways congestion on the intraday chart. - Pivot Support: Key support is identified at 1.3600. Risk/Reward Analysis: We recommend waiting for a clearer signal through 1.366 to confirm bullish momentum. Key Levels to Watch: - Support: 1.3600 - Resistance: 1.3697 Longby EleazarahmathUpdated 558
EUR/USD: BULL OR BEAR? 4 HOUR TIME FRAMEHello! Last week, I was about to enter a trade but decided against it. As always, I put my support and resistance lines on the daily time frame and then added the trend lines on the 4-hour time frame. As of now, I will patiently wait to see what direction the price market will take. Will it break the down or up-trend line? I am also waiting for additional confirmations. What do you think of this? LMK! by themarketmoves1
EURUSD WEEKLY PLAN: HIGHER WE GOHere Is a new weekly Plan for EURUSD. Checking at macro trend, EURUSD is looking really good to run for higher price. We can clearly see a break above main bearish trend line, and last week price was ranging and accumulating longs. I expect an esplosive move to the upside this week, probably starting around Wednesday. I have two main targets, the first at 1.09750 and the second at 1.11250Longby CryptoForexGem2
GBPAUDWaiting for a pullback on GA. Planning to sell GA from first resistance zone which I marked in box. Use proper risk management. Thank youShortby joelkurien1
BUY TRADE SETUP ON EURUSDHey Trader, Check out this analysis on EURUSD. A long entry plan is best above the intraday resistance area. Alternatively, a short trade can be considered if the price breaks below the intraday key zone (support), retests, and resists. A short trade can be considered. Trade safe. Longby Adefxc2
NZDJPY 4 June 2024Trading Plan Buy on demand area(96.212 - 96.064) SL on 96.037 Reason To Buy RBR good base with 1 candle Strong legout and create imbalance Fresh demand area Origin demand area good R:R minimum 1:2 Overlapping zone with h4 Longby yogy.frestarahmawan1
GBPUSD: in the short term there is also a recoveryGBPUSD: In the quick time period, the British Pound is likewise recuperating to check the resistance round 1.2770. On the H1 frame, it could be visible that this resistance region has promoting stress acting on GU, so withinside the quick time period and with high-quality records which could come to the USD tonight, it's far anticipated that GU will even flip down whilst tested. Check this resistance zone. Ace considers promoting down with GU round 1.2770, quick-time period goal returns to 1.2700by Chart_MasterPro1
AUDUSD: In the short term, the AUD is recoveringAUDUSD: In the quick term, the AUD is recuperating from the aid vicinity round 0.6600. And in today`s context, it's miles predicted that AUDUSD will now no longer have many fluctuations. Most will acquire strain from the 0.66-0.sixty seven vicinity, so that you can take into account ready to promote across the 0.sixty seven resistance vicinity.by Chart_MasterPro1
CHFJPY 3 June 2024Trading Plan Buy on demand area (173.756-173.469) SL on 173.404 Reason to buy Strong big candle after base and create imbalance Time spent to built base relatively short RBR with 2 candles Fresh Zone Good R:R more than 1:2 Origin Zone Overlap with H4 Zone Longby yogy.frestarahmawan1
EURUSD first range of the weekWatch this 15min FVG for price to sell out down to our lower target, please refer back to the higher timeframe chart for context on this range and idea as a whole! by rosshayes1
How I pass Prop Firm Challenges Using HedgingHere I explain my strategy on the basics of hedging. Hedging can be a great way to improve your consistency and grow your account but you have to do it properly. It takes time to get it right. If you give up too soon you miss out on winning in trading. You can't be weak if you want to be a trader. You cannot give up so easily on learning. Get tough, up your game and let's win!!!! Education08:26by TruthakaWallStreetakaCookie112
USDCHF: Long Trade with Entry/SL/TP USDCHF - Classic bullish formation - Our team expects growth SUGGESTED TRADE: Swing Trade Buy USDCHF Entry Level - 0.8990 Sl - 0.8946 Tp - 0.9064 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Longby UnitedSignals114
The euro hits overhead resistance setting up a short oppThe Euro has been climbing steadily all morning and has now hit overhead resistance, setting up what it looks like according to my algorithms a pretty decent short opportunity. Shortby waveriderbill1
EURUSD**EURUSD:** This week's forecast is for the price to fall to the bottom of the channel, after which there could be two outcomes: a continuation of the fall to the zone between 1.06643 and 1.06465, or a reversal at the bottom of the channel and a rise to the zone between 1.09510 and 1.09696. The prospect of the ECB cutting its interest rate by 0.25 on 6 June will force the channel to break down.Shortby simaoxceps1
EURAUDThis Weekly FORECAST Opportunity for EURAUD. This setup trading idea is for swing. >> TAYOR Risk Factors: 1. Market conditions, unexpected news, or external events could impact the trade. 2. Always use risk management strategies to protect your capital.Shortby TREND-TITAN1
USDMXN should hold gains nowIntraday Update: Following the election in Mexico over the weekend, the MXN has weakened substantially today, down over 3.5% against the USD at writing. Technically, we'd expect dips back tot he 17.3800 level and then the 200dma to hold as support on any dip. Longby ForexAnalytixPipczar1
1.3600 is line in the sandIntraday Update: A very strong response off the 1.3600 level once again for the USDCAD, which will solidify it's importance this week ahead of the Bank of Canada rate decision and jobs report at the end of the week. by ForexAnalytixPipczar1
Daily analysis and strategy will hopefully help youHello traders Here is a buy signal for AUDUSD. Make sure you like the deal. I hope it works out for you.by Trade-reaperUpdated 1
EUR/CHF continue with the DowntrendOn EUR/CHF , it's nice to see a strong sell-off from the price of 0.98600. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. The downtrend combined with the strong volume area along with the strong S/R area from the past are my main reasons for this short trade. Happy trading, Daleby Trader_Dale1
EURGBP Bullish setupTrade Plan: Entry Level(Buy Stop): 0.85431 Stop Loss Level: 0.85090 Take Profit Level 1: 0.85772 Take Profit Level 2: 0.86113 Reasons for bullish bias: - Price is at a strong S/R level - Inverse H&S formation - Bullish divergence - Safe entry at HH breakout Longby TradeWithParas1