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EURUSD Ahead of FOMC and Its Possible ImpactEURUSD Ahead of FOMC and Its Possible Impact The Federal Reserve is anticipated to cut the policy rate by 25 basis points at its final meeting of 2024. Remarks from Fed Chairman Powell and the updated dot plot are likely to offer crucial insights into the future direction of interest rates. As a result, the US Dollar's value could be significantly affected. Technical Analysis: The FOMC meeting is the biggest event this month. A dovish decision by the FOMC could push the price above the pattern. If EURUSD breaks through 1.0530, which appears to be a strong resistance zone, then the only direction should be up in the coming days, as shown in the chart. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
20
Daily CLS, HTF FVG, Model 1Daily CLS, HTF FVG, Model 1 you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion. What is CLS? This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are smart money of the all markets. CLS operates in the specific times which will give you huge advantage and precisions to you entries. Focus on that. Its accuracy is amazing. Good luck and I hope this educational post helps to become better trader “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔
Short
by Dave-Hunter
7
AUDCHF My Opinion! BUY! My dear followers, This is my opinion on the AUDCHF next move: The asset is approaching an important pivot point 0.5571 Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 0.5594 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
2
GBPJPY BUY | Idea Trading AnalysisGBPJPY is moving in an UP trend channel, is trading along the rising support And as the pair will soon retest it I am expecting the price to go up To retest the supply levels above at The chart broke through the dynamic support, which now acts ... We expect a decline in the channel after testing the current level. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity GBPJPY I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
Long
by TheGrove
11
Buy GBP/CHF Bullish PennatThe GBP/CHF pair on the H1 timeframe presents a potential Buying opportunity due to a recent breakout from a well-defined Bullish Pennant pattern. This suggests a shift in momentum towards the upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.1427 2nd Support – 1.1475 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_TA_TRADING
13
AUDCHF Is Going Down! Sell! Please, check our technical outlook for AUDCHF. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 0.558. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.553 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
2
USDJPY | Hidden Bearish Divergence | 1HCurrently, the USDJPY chart shows the formation of a hidden bearish divergence and a double top pattern, both indicating that the uptrend is shifting into a downtrend. Additionally, new lower lows (LL) and lower highs (LH) are forming, confirming the change in market structure. These factors suggest the presence of a potential reversal zone (PRZ), where the price is likely to continue its downward movement. Explanation: 1: Hidden Bearish Divergence: The price is formed higher highs (HH), while the RSI is showing lower highs, signaling weakness in the uptrend and a potential reversal. 2: Double Top Formation: A double top is a strong reversal pattern, indicating that the price has struggled to break through a resistance level and is now likely to move downward. 3: Market Structure Shift: The formation of lower lows (LL) and lower highs (LH) indicates a transition from an uptrend to a downtrend, confirming bearish sentiment. 4: Potential Reversal Zone (PRZ): The confluence of divergence, the double top, and the structural change points to a PRZ where sellers are likely to dominate, pushing the price further down. This setup suggests a bearish bias, and traders could look for sell opportunities after proper confirmation, such as a retest of the PRZ or a bearish candlestick pattern.
Short
by awaisulabdeen
Mastering AUDUSD: Key Trading Zones Revealed for Optimal EntriesGreetings, traders! Welcome to this AUDUSDmarket analysis, where we focus on identifying higher-probability trading opportunities. In this video, I start by analyzing the yearly down to the daily charts, highlighting key trading zones, and discussing the confirmations we look for to optimize our swing entries. If you like the breakdown, boost the idea and follow to receive more ideas. Trade safely Trader Leo
Short
by BTM-LEO
15
Daily CSL, HTF FVG, Model 2Daily CSL, HTF FVG, Model 2 you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion. What is CLS? This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are smart money of the all markets. CLS operates in the specific times which will give you huge advantage and precisions to you entries. Focus on that. Its accuracy is amazing. Good luck and I hope this educational post helps to become better trader “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔
Long
by Dave-Hunter
3
Anybody in for a reversal with me?Well, starting with the downtrend structure we had from the 1.34xx seems broken. Apparently, our beloved cable had to take all those early bulls out before it could go back reclaiming money it left at supply. There are multiple evidences why I think we should be buying GBPUSD. Amongst the most prominent ones, we have: 1- Price being protected (twice) at the demand area 2- BOE held the rates, it does not mean UK is doing great at other variables such as inflation, trade balance, debt, job market etc., it just means they plan to maintain the burden on businesses and public with relatively higher mark ups on public lending. It might be a double edged sword but that is pretty much how capitalist economies maintain and control their inflation rates. 3- Market has not claimed the liquidity at marked supply area ever since it started dropping, so this might be a good start 4- This one might not have matured just yet, but it is diverging bullish here This is my idea for adding small long positions starting Monday post intraday pullback, if you think I might be wrong, please let me know in the comments with proper reasoning. (saying because I need a reason to reconsider which I might be unable to see lol) Cheers!
Long
by Uzi-Trades-Forex
EURUSD: let it come up and make a top, Fade the top Follow the blue line. If it develops like the blue line, the trading pattern is being verified. Same with after entry: if the pair does not move like the blue line, I will look to get out extremely fast, with immediate closing of the trade, so I am not stuck in a trade that isn't part of the trading plan. In essence, a simplified way to think of this is that, based on my reading of the chart, I have mapped out a path for the pair. If the pair and the map match, the trade is on, and active. If either the map or the pair goes off script, I am out of the trade. Also, some may wonder why not trade the blue line on the way up. That is certainly a valid trade, if we are comfortable enough with how the pair is acting currently and believe that there is enough there for us to say the pair is following the script. I would just propose that if we waited for more information, we have more confirmation that our read is correct. Furthermore, the downward move would seem to have a stronger momentum. TLDR: the more it follows the blue line, the more possibility for a smooth trade.
Short
by SAILBOATEVANMOSERS
1
DeGRAM | GBPUSD trend line testingGBPUSD is in a descending channel between the trend lines. The chart still maintains the descending structure. The price has already reached the lower boundary of the channel and the dynamic support, which has already acted as a rebound point last time. MACD and RSI indicators on the 1H Timeframe indicate the formation of divergence. We expect a rise if GBPUSD can successfully hold the lower trendline. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Long
by DeGRAM
1
M30 CLS within Daily CLS, HTF Gap, Model 1M30 CLS within Daily CLS, HTF Gap, Model 1 you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion. What is CLS? This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are smart money of the all markets. CLS operates in the specific times which will give you huge advantage and precisions to you entries. Focus on that. Its accuracy is amazing. Good luck and I hope this educational post helps to become better trader “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔
Long
by Dave-Hunter
2
CADJPY Expected to Rise as BOJ Doesn't Support JPYCADJPY Expected to Rise as BOJ Doesn't Support JPY Yesterday, the Bank of Japan (BOJ) decided to keep the interest rate unchanged at its latest meeting, showing hesitation about future rate hikes. The market's initial reaction was to trade against the JPY, resulting in a devaluation of at least +200 pips across most of its pairs. Japan's core inflation accelerated in November due to rising food and fuel costs, which is putting pressure on the central bank to raise interest rates. However, this is only speculation, and no decision has been made. Given the BOJ's stance, CADJPY may rise further from the current zone. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
1