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DAX Index Recovers Its Losses!Following the release of the U.S. non-farm payroll report, which came in below expectations, market risk appetite weakened. The DAX index also accelerated its decline, targeting the 18,257 support level. Expectations for a Fed rate cut have strengthened to 50 basis points, while the ECB is expected to lower rates by 25 basis points at its meeting this week. Technically, if the 18,285 level is broken on the downside, a pullback could extend first to the 18,075 support and then to 17,920. On the upside, if the price holds above the 18,500 resistance, buying could push the index first towards the 18,700 resistance and then to 18,900.
XETR:DAX
by primequotes
"USOIL is going downward"The weakening labor market has reduced risk appetite in the markets, triggering a drop in crude oil prices toward the 67.50 level. Additionally, OPEC+'s crude oil production in August decreased by 300,000 barrels due to declines in Libya and Kazakhstan. However, ongoing supply concerns continue to pressure the commodity. Technically, if the 67.50 support level is broken, further declines toward 65.55 and 63.55 are possible. On the upside, if the 70.0 resistance is surpassed, buying momentum could accelerate toward the 72.60 and 74.50 resistance levels.
TVC:USOIL
by primequotes
USD/ZAR Reaches Key Demand Zone: Are We Set for a Reversal?The USD/ZAR currency pair has reached a significant demand area around the 17.72800 level, presenting a potential opportunity for a long position. This critical zone has caught the attention of traders and market analysts alike, especially those looking for a reversal setup based on market positioning data and technical indicators. COT Report Insights: A Contrarian Indicator A deeper dive into the Commitment of Traders (COT) report reveals intriguing insights into market sentiment for the USD/ZAR pair. The data shows a notable divergence between retail traders and commercials. Currently, retail traders are predominantly short on the USD/ZAR, betting on further declines in the pair. On the other hand, commercials—who often represent larger, more informed institutional players—are also short on the Rand in the Weekly Futures market. This contrarian stance by retail traders and commercials indicates that a significant market move may be on the horizon. Market Positioning and the Case for a Reversal The current market positioning suggests a classic oversold condition for the USD/ZAR pair. An oversold market is typically characterized by excessive selling pressure that has pushed prices lower than what underlying fundamentals might justify. This often leads to a potential reversal as market forces balance out and traders begin to cover their short positions. The convergence of these factors—an oversold technical condition, retail traders being heavily short, and commercials positioning themselves short on the Rand—sets the stage for a possible bullish reversal. Such a scenario could see the USD/ZAR pair rebound from the current demand area and make a move higher, as buying interest emerges to drive the pair up from its current levels. Technical Analysis Supports Bullish Outlook From a technical perspective, the 17.72800 demand zone has historically served as a strong support level, where buying pressure has previously emerged. This zone has acted as a magnet for price action, attracting significant buying interest whenever the pair has approached it. The current price action shows signs of stabilization around this key area, further bolstering the case for a bullish reversal. Additionally, the presence of bullish reversal patterns or signals, such as candlestick formations or momentum indicators turning upward from oversold levels, would add further confirmation to the potential for an upward move. Traders and analysts are closely monitoring the price action for these confirming signals to enter long positions with more confidence. Conclusion: Preparing for a Bullish Reversal Given the convergence of factors—COT report insights, oversold conditions, and technical support at the demand zone—the USD/ZAR pair appears primed for a potential bullish reversal. Traders should keep a close watch on upcoming price action and market data for further clues on the timing and strength of this anticipated move. As always, it's essential to manage risk carefully and consider both fundamental and technical aspects when planning trades. With the USD/ZAR trading near critical levels, a well-timed entry could offer a favorable risk-reward setup for those anticipating a reversal and subsequent upward movement in the pair. ✅ Please share your thoughts about USD/ZAR in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
1
USD Recovery Gains Momentum Ahead of Core PPI and Unemployment..As the market gears up for the release of key economic indicators such as the USD Core PPI m/m, PPI m/m, and Unemployment Claims, the USD has shown signs of recovery. This rebound began yesterday and has continued into today’s London session, where the USD/JPY pair is trading around 143.50 as I write this article. The pair’s recent movement follows a strong carry trade impact on the JPY, which caused the price to drop significantly from the 162 level to where we find it today. However, the USD/JPY has encountered a demand zone, showing signs of potential stabilization. Supporting this outlook is the latest Commitment of Traders (COT) report, which indicates that retail traders are still predominantly short on the pair, while fund managers have begun adding to their long positions, signaling a possible shift in sentiment. From a technical standpoint, this setup presents a favorable opportunity for a long position, aligning with forecasts we've been tracking over the last two weeks. The pair's current price action and its position near the demand zone suggest the potential for a reversal. Today’s economic releases will be crucial in determining the next move for the USD/JPY. The data could provide further clarity on the USD’s recovery path and offer a better understanding of the broader market environment. For now, traders eyeing long positions will be watching the news closely, awaiting confirmation of the technical and fundamental cues aligning for the pair. JPY Futures - Weekly Chart. ✅ Please share your thoughts about USD/JPY in the comments section below and 👍 HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
3
September begins with weak US jobs market reportSeptember began with a weak US jobs report and news that Japan had raised interest rates from zero to 0.25%. This sent the CBOE Volatility Index (the “fear index”) soaring from 16 to 38, and crowd favorites like the yen carry trade and the world’s most important stock, Nvidia (NVDA), down double digits. In his speech at Jackson Hole in late August, Fed Chairman Jerome Powell hinted at future rate cuts. “The time has come for policy to be recalibrated,” he said. “The path is clear, and the timing and pace of rate cuts will depend on the data, the outlook, and the balance of risks.” So they got the message. Rates are falling and the data is weak. The latest US jobs reports show fewer people being hired, fewer new jobs being created, and layoffs are happening more frequently.
OANDA:XAUUSD
by TrategySherpa
GBPUSD- Trend Continuation setupSuccessful trading is knowing what to do and doing what you know. The knowing part is very simple but the doing part is not easy that is why most people struggle in trading. This afternoon, during the New York session, my focus is on GBP/USD. We are buying based on the H4 timeframe, where the wave structure remains bullish since the price hasn’t closed below 1.30877. Another confirmation comes from the H1, which has only shown three waves down so far. While a fifth wave may appear, it’s likely to be a higher low following the current upward move on the M15 chart. As long as the M15 stays above the New York session opening range, we will continue buying. Happy Trading!
Long
by Charts247TradingAcademy
1
GBP/USD Eyes Key Demand Zone: Potential for Retracement AheadThe GBP/USD currency pair has approached a notable demand zone, which appears particularly intriguing on the future 6B1 chart. This area could present significant opportunities that may become even more evident in subsequent trading sessions. Currently, the price of the GBP/USD pair is exhibiting signs of being overbought. This condition is largely influenced by retail traders who are driving the price upward aggressively. Such market dynamics often precede a potential pullback as the buying momentum may not be sustainable over the long term. Given these conditions, we are anticipating a retracement of the British Pound in the near future. This expected downward movement would align with the typical market behavior following an overbought state, where prices correct themselves after a significant upward surge. Traders should monitor this development closely, as it could offer valuable entry points for those looking to capitalize on the impending adjustments in price. GBP Futures ( Weekly Chart ) ✅ Please share your thoughts about GBP/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
3
NZD/USD: Bearish Continuation Confirmed After Key USD DataIn line with our previous analysis, NZD/USD triggered our sell limit order last Friday, signaling a potential bearish move after the release of key U.S. economic data. Initially, the U.S. dollar weakened following the ADP Non-Farm Employment Change and Unemployment Claims reports, which delivered softer-than-expected results, raising concerns about the strength of the U.S. labor market. However, the dollar quickly regained its footing due to positive outcomes from the Final Services PMI, ISM Services PMI, and Crude Oil Inventories, all of which reinforced confidence in the U.S. economy. As a result, the New Zealand dollar, like other major currencies, began a reversal, continuing its bearish trend against the strengthening USD. The recovery in the U.S. dollar has put downward pressure on NZD, confirming our expectations of a bearish continuation for the pair. The Commitment of Traders (COT) report remains consistent with our earlier forecasts. Institutional players are still favoring a bearish outlook on the NZD, while retail traders are likely still holding onto bullish positions, creating a divergence that suggests more downside potential for NZD/USD. With these factors in mind, we are confident in our bearish stance and expect the pair to reach our take profit target in the coming days. Technically, the price action supports our forecast, with the NZD/USD pair failing to break key resistance levels and continuing to trade within a bearish channel. The reversal we anticipated has materialized, and the pair appears poised to continue its downward movement as the U.S. dollar remains strong in the wake of positive economic data. In conclusion, our analysis points to further downside for NZD/USD this week, and we remain focused on reaching our take profit target. With both fundamental and technical factors aligned, the outlook for the pair remains bearish, and traders should be prepared for continued weakness in the New Zealand dollar as the U.S. dollar continues to recover. ✅ Please share your thoughts about NZD/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
1
USD/CHF: Navigating Demand Zones and Market SentimentLast Friday, USD/CHF dropped to a daily low of 0.8375 before rebounding in Monday’s European session, with the current price around 0.84585 as I write this article. The initial decline in the US Dollar came after the release of the ADP Non-Farm Employment Change and Unemployment Claims, which provided less-than-positive signals. However, the dollar regained strength following encouraging results from the Final Services PMI, ISM Services PMI, and Crude Oil Inventories, all of which had a positive impact. From a technical perspective, the analysis remains consistent with last week’s outlook, where we see a potential USD rebound against CHF, as the pair continues to trade within a strong demand zone, with retail traders heavily shorting. Looking at seasonality over the past 10 years, there is a historical tendency for an increase in value for this pair around this time. However, given the pre-election period in the US and shifting economic factors, extra caution is advised during this phase. ✅ Please share your thoughts about USD/CAD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
6
GOLDFrom our previous analysis on Friday, we saw that the price had adjusted down to test the support zone at $2,485 as expected, but the price failed to break through $2,485, resulting in a rebound. And this time, if the price fails to break through $2,510, we expect that there is a chance that the price will continue to fall. 🔥Trading futures, forex, CFDs and stocks carries a risk of loss. Please consider carefully whether such trading is suitable for you. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
EIGHTCAP:XAUUSDShort
by Serana2324
3
Weekly Trade Planning SessionIn today's session, I will be analyzing the USD/JPY, GBP/USD, CAD/JPY, and EUR/USD pairs. The framework I follow includes: Portfolio selection Currency ranking Multi-timeframe analysis. Below is the portfolio selection for this week: AUD/CAD: Bearish (-5%) AUD/JPY: Bearish (-59%) AUD/USD: Bullish (17%) CAD/JPY: Bearish (-54%) EUR/CAD: Bullish (16%) EUR/JPY: Bearish (-38%) EUR/USD: Bullish (38%) GBP/JPY: Bearish (-17%) GBP/USD: Bullish (59%) USD/CAD: Bearish (-22%) USD/CHF: Bearish (-63%) USD/JPY: Bearish (-76%) Happy Trading!
by Charts247TradingAcademy
EUR/USD Reversal After Strong US Data: Bearish Momentum Ahead?After yesterday's pullback, the EUR/USD pair has formed a rejection candle on the daily chart after touching the 1.1112 mark. The pair's gains against the USD were quickly reversed, as surprisingly strong US ISM Services Purchasing Managers Index (PMI) data for August offered significant support to the US Dollar (USD). The US Dollar Index (DXY), which measures the Greenback’s value against six major currencies, has recovered most of its intraday losses after finding buying interest near the day's low around the 101.00 level. From a technical perspective, we have already closed 50% of our position after the price bounced back from a key supply area. The Commitment of Traders (COT) report shows a high level of retail traders accumulating long positions in EUR/USD, marking the highest accumulation since the last significant price peak in December. This accumulation hints at potential exhaustion of the bullish sentiment among retail traders, which may lead to further bearish pressure. The ISM Services PMI report revealed that activity in the US services sector expanded slightly more than anticipated, with a reading of 51.5, compared to July's 51.4. Economists had projected a modest slowdown to 51.1, but the unexpected uptick in service activity adds another layer of support for the USD. This strong economic performance suggests that the US economy remains resilient, increasing the chances of sustained strength in the USD. Given this scenario, we anticipate a continuation of bearish pressure on the EUR/USD and other currency pairs against the USD. With retail traders heavily positioned long and the fundamentals favoring the USD, the market may continue to see the US Dollar strengthen in the coming days, offering potential opportunities for those seeking to short the EUR/USD or other USD pairs. ✅ Please share your thoughts about EUR/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
3