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usdjpy toward to resistance breaking news for buyers Usdjpy buy here show the chart It's no surprise to see the US dollar sizzling today after non-farm payrolls rose by 353,000 jobs compared to 1800,000 expected. It's the strongest month of jobs gains in a year and raises big doubts about whether the Federal Reserve will be cutting rates anytime soon. USD/JPY is a big beneficiary, up 180 pips to 148.11 today. The pair had fallen every day this week until today but with the big gain, it's now higher than it
Long
by Mrsam36
EUR/USD key levelOANDA:EURUSD Now for the Euro we are in a global sideways range We need to wait for a reaction from the key level marked with a red eye. Next, you can consider opening long-term positions in continuation of the trend. Otherwise, we will go to the 1.050 zone On a 15-minute timeframe, you can work locally long until the turbulence zone Also on the 4h timeframe we have a 5-point divergence in the buy zone P.S (This is not an investment recommendation, this is my personal opinion.)
by DpS_WTF
USDCAD BUY | Day Trading AnalysisHello Traders, here is the full analysis. The completed correction, recovery and formation of a pre-breakout set-up hint at the continuation of growth. GOOD LUCK! Great BUY opportunity USDCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
1
eurusd toward the downside read the caption the eurusd has just made a new 6-week low, but may have found some support, even if it is short term, at $1.0773. I think the outlook is bearish due to the bearish technical and the resilience in the US Dollar which continues as Fed Chair Powell continues to talk down the prospect of an early rate cut. I think the best opportunity today in this currency pair will likely be on the short side: either a breakdown once the price gets established below the lower trend line of the descending price channel or following a retracement to the resistance level at $1.0817 followed by a rejection of that level. The logical profit target is $1.0724.
Short
by Mrsam36
USDCAD an updatehello guys... it was the last analysis of the usdcad: "look at the bottom of the chart, as you can see the last lower low touched the flip area and was rejected from there! so we can count on another upward movement! on the other side, in a higher time frame, we can watch the price make a Quasimodo pattern and now it touches it with a pin bar candle so we can observe another rejection here! we can get a long position here and close half of our position in the blue areas!" as you can see the first target touched and the price did a correction! now I think this correction is over and it's time for the price to touch the next target! let's review usoil too: _______________________________ always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment
Long
by melikatrader94
2
GBPUSD Day Analysis | Sell Setup| Bearish is comingHello Traders, here is the full analysis. This is my current view on GBPUSD. Price is hovering around our entry zone. Possible strong bearish movement expected! Keep an eye out. A good entry now with accurate stop loss can be a good one. I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗
Short
by TheGrove
3
EUR/USD Displays Resilience Amidst Market FluctuationsIn a turn of events, the EUR/USD pair rebounded during the latter half of Thursday's European session, recuperating from its earlier dip to 1.0780, the lowest level since December 13. Closing on a positive note, the pair currently maintains its position above the 1.0880 area as the near-term outlook suggests a bullish trend. The intriguing dynamics in play are further heightened by the imminent release of key economic indicators, notably the Non-Farm Employment Change, Average Hourly Earnings (m/m), and the Unemployment Rate, set to unfold today. The strategic analysis points toward a potential pullback before definitively breaching the dynamic resistance of the range channel, setting the stage for a robust upward trajectory towards our target point. The US Dollar, however, found itself on shaky ground during Thursday's American session. This was attributed to declining US Treasury bond yields, spurred by lackluster employment-related data releases. Notably, Weekly Initial Jobless Claims rose to 224,000, marking the highest figure since early November. The ISM Manufacturing PMI survey further contributed to the Dollar's decline as the Employment Index dropped to 47.1 in January from 47.5 in December. As the market eagerly awaits the Nonfarm Payrolls (NFP) report, expectations are set at a forecasted rise of 180,000. During the post-meeting press conference on Wednesday, Federal Reserve Chairman Jerome Powell hinted at potential rate cuts sooner than anticipated if unexpected weakening in the labor market occurs. An NFP reading below 150,000 may reignite expectations for a rate cut in March, resulting in continued weakness for the USD against its counterparts. Conversely, a figure exceeding 200,000 could delay the policy pivot to May, potentially triggering a rebound for the USD in the American session. According to the CME FedWatch Tool, the probability of a 25 bps rate cut in March currently stands at 37.5%, while it reaches 60% for May, reflecting the market's anticipation of potential shifts in the Federal Reserve's monetary policy. Our Preference: Following the previous analysis, we have adjusted the stop loss to 1.07200. We anticipate a pullback to around 1.08500 or above, with the expectation of further upward movement.
Long
by FOREXN1
2
EUR/USD:Analyzing Impact of FOMC Decision and Powell's RemarksEUR/USD: Analyzing the Impact of FOMC Decision and Powell's Remarks The EUR/USD experienced a notable reversal following the Federal Open Market Committee (FOMC) release, as Chairman Jerome Powell's remarks influenced market sentiment. This article delves into the aftermath of the FOMC decision, the Eurozone's recent inflation data, and the upcoming economic indicators influencing the EUR/USD outlook. FOMC Decision and Powell's Remarks: The FOMC opted to keep interest rates unchanged, aligning with widespread expectations. Powell's press conference introduced a cautious tone, emphasizing the need for "greater confidence" in inflation reaching the 2% target before considering rate cuts. While a March rate cut is not the base case, Powell's comments triggered increased demand for the US Dollar and impacted Wall Street. EUR/USD Technical Analysis: Despite the initial bearish impulse, the EUR/USD found support around the 1.08000 level. The subsequent bullish candle indicates an attempt to recover lost ground. A long-term bullish forecast is maintained on the H4 timeframe, emphasizing the potential resilience of the Euro against the US Dollar. Eurozone Inflation Data: The Eurozone's preliminary estimate of the January Harmonized Index of Consumer Prices (HICP) showed an annual rise of 2.8%, in line with expectations. The core annualized reading, although slightly easing to 3.3%, remained above the anticipated 3.2%. This data provides insights into the inflationary pressures within the Eurozone. US Economic Indicators: In the United States, the January Challenger Job Cuts revealed a significant increase, with employers announcing 82,307 cuts compared to December's 34,817. Later releases, including Initial Jobless Claims, Q4 Unit Labor Costs and Nonfarm Productivity, and the January ISM Manufacturing PMI, will be closely watched for their impact on the labor market and overall economic health. Upcoming Nonfarm Payrolls (NFP) Report: As employment-related figures take center stage, the market awaits Friday's NFP report. These indicators contribute to the broader understanding of the US labor market and could influence the trajectory of the EUR/USD pair. Conclusion: The EUR/USD's response to the FOMC decision and Powell's comments reflects the intricate dynamics between major central bank policies. With a focus on upcoming economic indicators, including the critical NFP report, traders will navigate evolving market conditions and potential shifts in the currency pair's trajectory.
Long
by FOREXN1
1
USDJPY→ Day Analysis | Sell SetupHello Traders, here is the full analysis. Great SELL opportunity USDJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
3
Gold continues to rise again, entry buy todayWorld gold prices increased slightly with spot gold increasing by 5.5 USD to 2,036.6 USD/ounce. Gold futures last traded at 2,055.5 USD/ounce, up 6.5 USD compared to yesterday morning. World gold rose to a two-week high on Tuesday as it was supported by dollar weakness and lower Treasury yields while focus turned to the Federal Reserve's policy meeting. US State (Fed) to better understand how this agency will cut interest rates this year. According to RJO Futures senior market strategist Daniel Pavilonis, much of gold's volatility is due to falling yields and the dollar being in the red. However, Pavilonis said that expectations about interest rate decisions also caused gold to increase. The Fed's policy decision will be made on Wednesday. Markets are expecting the US Central Bank to leave interest rates unchanged at the end of the meeting. Pavilonis, the Fed said that, with the desire to have a stable market, the Fed may not conduct many interest rate cuts and Mr. Powell will also maintain a neutral attitude. Data last week showed U.S. prices grew moderately in December, keeping annual inflation below 3% for the third straight month and potentially allowing the Fed to start cutting interest rates. According to senior analyst Ricardo Evangelista at ActivTrades, the Fed's monetary policy stance is currently the most important driver of gold prices. He said that even the safe-haven appeal of precious metals cannot counter changing market expectations around central bank monetary policy. According to this expert, the market's expectation that the Fed will actively cut interest rates could push gold to $2,200/ounce with an average annual price of up to $2,100/ounce.
OANDA:XAUUSDLong
by NicoTradingMaster
GBPNZD Analysis🏃‍♂️ GBPNZD is moving in a Descending Channel and broke the Uptrend line and 🟢 Support zone(2.077 NZD-2.073 NZD) 🟢. 🔔 After completing the pullback , I expect GBPNZD to decline to at least the 🟢 Support zone(2.060 NZD-2.056 NZD) 🟢 and the lower line of the descending channel. British Pound/New Zealand Dollar ( GBPNZD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
1
EUR/USD: Strategic Insights - Bullish Patterns - FOMCThe EUR/USD pair has embarked on the final day of January with a notable bullish impulse, setting the stage for potential market shifts during the London session. Wednesday's Asian session witnessed another test of the crucial 1.08000 support level, marking a strategic entry point. The price action suggests the emergence of a Double Bottom setup, with indicators such as a stochastic RSI divergence on the 4-hour chart within a bearish channel and a recent rebound off a daily dynamic trendline adding to the intrigue. On the 1-hour timeframe chart, the Euro (EUR) has initiated a bullish move from the 61.8% Fibonacci area. This development potentially serves as a confirmation pattern aligning with our earlier double bottom thesis observed on the 4-hour timeframe. Quasimodo Bullish Pattern ( Reversal ) However, as the market dynamics unfold, various factors are contributing to the pair's movements. The JOLTS report released on Tuesday indicated an unexpected increase in US job openings to 9.02 million in December. This unforeseen strength in the labor market may influence the Federal Reserve (Fed) to refrain from initiating interest rate cuts in the first quarter, lending support to the resilient US Dollar (USD). Geopolitical tensions in the Middle East and concerns about China's economic challenges are additional elements boosting the safe-haven appeal of the USD and exerting pressure on the EUR/USD pair. Despite the prevailing headwinds, the recent dip in US Treasury bond yields might temper the enthusiasm of USD bulls, particularly with the highly-anticipated FOMC monetary policy decision looming on the horizon. Concurrently, uncertainty surrounding the European Central Bank's (ECB) potential interest rate adjustments could act as a tailwind for the Euro (EUR). This complex interplay of factors might curtail further depreciation of the EUR/USD pair, aligning with our optimistic outlook and anticipation of a bullish position on the Euro. As we navigate the month-end market swings, traders are advised to remain vigilant, considering both global economic indicators and geopolitical events that could influence the currency pair's trajectory. The balance of these factors will likely shape the EUR/USD landscape in the coming sessions, making strategic positioning and risk management crucial for traders seeking opportunities in this dynamic forex market. Our Idea: Long positions above 1.06700 with entry at 1.08000 and targets at 1.1000 & 1.1150 in extension.
Long
by FOREXN1
1