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GBP/USD:Anticipating a Bearish Scenario for the British PoundFollowing our successful forecast on the British Pound (link below), we are now poised to take advantage of another shorting opportunity as the price retests the previous supply area. This retest suggests a possible bearish scenario on the horizon. Our analysis is further supported by the latest Commitment of Traders (COT) report, which indicates a notable increase in retail long positions. This influx of long positions among retail traders often precedes a bearish reversal, providing additional validation for our anticipated market movement. As the British Pound retests the supply area, we foresee a potential new bearish impulse forming. This aligns with our strategic outlook, where we aim to capitalize on the expected downward momentum. The convergence of technical analysis and trader sentiment data strengthens our confidence in this bearish forecast. In summary, we are preparing for a bearish scenario for the British Pound, leveraging the retest of the supply area and the insights gained from the COT report. This approach ensures we remain well-positioned to take advantage of the expected market movements. Stay tuned for further updates and detailed analysis. Previous Forecast: ✅ Please share your thoughts about GBP 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.
CME:6B1!Short
by FOREXN1
3
EUR/USD Short, GBP/JPY Short, AUD/NZD Short and GBP/CHF ShortEUR/USD 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/JPY Short Minimum entry requirements: • 1H impulse down below area of value. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. AUD/NZD 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/CHF Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
Short
by StewySongs
1
XAU falls as investors sell offGold prices fell today (August 6) as investors continued to sell gold to cover losses in the stock market. Markets are also continuing to feel the negative impact of the cancellation of the "yen carry trade" as well as concerns about a recession in the US and globally, reducing demand for precious metals. Stock markets plunged from Asia to North America as investors fled riskier assets while betting that the US Federal Reserve (Fed) will need to cut interest rates quickly to boost US economic growth.
OANDA:XAUUSD
by TrategySherpa
GBPJPY ( UNDER STRONG DOWNWARD PRESSURE ) ( 4H )GBPJPY HELLO TRADERS Tendency , the price is under bearish pressure , until trading below turning level at 183.919 . TURNING LEVEL : the price of this level at 183.919 , so until the price trade below this level indicates likely to reach a support level (1) , but if the breaking by open 4h candle above this level reach a resistance level (1) . RESISTANCE ZONE : this zone between 191.007 and 198.018 , in order to see this zone the price need breaking turning level at 183.919 , breaking this price indicates an increase and reaching the resistance level (1) at 191.007 , then stabilizing above resistance level (1) likely to reach of a resistance level (2) at 198.018 , after breaking this zone it will be attempt to reach resistance level (3) at 203.869 , selling have already increase in this zone . SUPPORT ZONE : this zone between 180.401 & 177.400 , until the price trading below turning level or stabilizing below this level indicates to reach of a support level (1) at 180.401 , by open 4h or 1h candle below support level (1) , it indicates to reaching support level (2) around 177.400 . CORRECTIVE : the price corrective at 183.919 , before dropping . TARGET LEVEL : RESISTANCE LEVEL : 191.007 , 198.018, 203.869 . SUPPORT LEVEL : 180.401 , 177.400 .
Short
by ArinaKarayi
1
GBP/NZD Short, USD/CAD Short and EUR/USD ShortGBP/NZD Short Minimum entry requirements: • 1H impulse down below area of value. • If tight 5 min continuation follows, reduced risk entry on the break of it. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. USD/CAD Short Minimum entry requirements: • Break above area of value. • 1H impulse down below area of value. • If tight 5 min continuation follows, reduced risk entry on the break of it. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. EUR/USD Short Minimum entry requirements: • 1H impulse down below area of interest. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach follows, 5 min risk entry within it, or reduced risk entry on the break of it.
Short
by StewySongs
EUR/NZD Short and USD/CAD ShortEUR/NZD Short Minimum entry requirements: • 1H impulse down below area of interest. • If tight 5 min continuation follows, reduced risk entry on the break of it. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. USD/CAD Short Minimum entry requirements: • If tight 5 min continuation, reduced risk entry on the break of it. • If tight 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
Short
by StewySongs
EUR/USD Surges to New Highs Amid US Dollar WeaknessThe EUR/USD pair extended its rally early Monday, reaching its highest level since March at approximately 1.0970. Disappointing labor market data from the US caused a significant selloff of the US Dollar (USD) during the American session on Friday. Nonfarm Payrolls in the US increased by 114,000 in July, falling well short of the market expectation of 175,000, and the Unemployment Rate rose to 4.3% from 4.1% in June. In response to the July jobs report, the CME FedWatch Tool indicates that markets are nearly fully pricing in a 50 basis point Federal Reserve (Fed) rate cut in September. The technical outlook for EUR/USD shows overbought conditions, suggesting that the pair may continue to rise toward the next supply area around 1.1033, where a price reversal is possible. It will be crucial to monitor the COT report in that area. We are planning to place a pending order in anticipation of this movement. ✅ 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.
by FOREXN1
5
XAU continues to rise amid tensions in the Middle EastMost investors expect the precious metal to continue to rise next week. Experts are also optimistic about the gold price increase. After the jobs report was released, the possibility that the US Federal Reserve (Fed) wants the economy to achieve a soft landing is very low. US growth depends largely on consumption, so sluggish consumption will lead to slow growth. The disappointing jobs data shows that the Fed made a policy mistake by waiting too long to cut interest rates.
OANDA:XAUUSD
by TrategySherpa
World gold expands growth momentumamid geopolitical tensions in the Middle East Gold prices continued to extend their gains, hovering around $2,451 an ounce, thanks to safe-haven demand amid concerns over escalating tensions following the assassination of a Hamas leader in Iran. The war in Gaza and the deepening conflict in Lebanon have left the entire region in turmoil. The precious metal's gains were further fueled by Federal Reserve Chairman Jerome Powell's hint that a rate cut could be discussed as early as September if inflation remains in line with expectations. Traders are now awaiting the US payrolls report due out on Friday for further clues on the Fed's policy path.
TVC:GOLD
by NicoTradingMaster
GBPUSD ( BREAKING EACH TURNING LEVEL DETERMINE DIRECTION ) (4H)GBPUSD HELLO TRADERS Tendency , the price inside two turning level around 1.273 & 1.278 . TURNING LEVEL (1) : the price of this level at 1.278 , so if the price breaking this level reach a resistance level (1) . TURNING LEVEL (2) : the price of this level at 1.273 , so if the price breaking this level reach a support level (1) . RESISTANCE LEVEL (1) : this level around 1.283 , for reach this resistance level the price need breaking a turning level (1) . RESISTANCE LEVEL (2) : around 1.292 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1) SUPPORT LEVEL (1) : this level around 1.266 , for reach this support level the price need breaking a turning level (2) . SUPPORT LEVEL (2) : support level at 1.261 , for reach this level will be breaking by open 4h candle below support level (1) . CORRECTIVE LEVEL : currently price 1.274 , have two scenario , first corrective turning level (1), before dropping to touch a turning level (2) , then breaking this level reach a support level (1), second corrective turning level (2) , to reach a turning level (1) , then breaking this level reach a resistance level (1). TARGET LEVEL : RESISTANCE LEVEL : 1.283 , 1.292 . SUPPORT LEVEL : 1.266 , 1.261 .
by ArinaKarayi
Gold prices skyrocketed and lastedEscalating tensions in the Middle East push gold prices Gold and crude oil prices rose sharply on escalating tensions in the Middle East and concerns about a wider conflict. Any escalation in tensions in the Middle East or a dovish statement from Fed Chairman Jerome Powell tonight could send both commodities higher. Iran's leadership has made strong statements: President Masoud Pezeshkian warned that Iran would "make the occupiers (Israel) regret this cowardly act". Supreme Leader Ayatollah Ali Khamenei added: "We consider it our duty to avenge him". These provocative statements are raising concerns about the possibility of a wider conflict in the region. Above all, the prospect of a full-scale war in the Middle East is causing more worries about the potential impact on global energy markets and international relations.
TVC:GOLD
by NicoTradingMaster
World XAU market continues to riseamid continued geopolitical tensions in the Middle East. The US Federal Reserve (Fed) also turned dovish, which is a positive signal for precious metals bulls. The Fed also turned dovish, which is a positive signal for precious metals bulls. In the Middle East, the assassination of senior leaders of the Iran-aligned Hamas and Hezbollah militant groups has raised concerns that the region could be on the brink of all-out war, boosting demand for gold as a safe-haven asset FGE said that the week's events have "undermined" ongoing ceasefire talks between Israel and Hamas and brought the prospect of conflict across the region closer.
OANDA:XAUUSD
by TrategySherpa
XAU rises on Fed policy and geopolitical tensionsGold prices rose above $2,400 ahead of the Fed's policy meeting, according to Sagar Dua, a financial analyst at Fxstreet. The central bank is expected to keep interest rates unchanged at 5.25%-5.50% for the eighth consecutive time. In the monetary policy statement and press conference, Fed Chairman Jerome Powell is expected to reiterate that inflation has returned to the bank's 2% target. Powell may also highlight rising risks to the labor market. It will be difficult for Powell to set a timeline for a rate cut as the fight against inflation is far from over and the US economy is growing at a strong pace.
OANDA:XAUUSD
by NicoTradingMaster
AUD/NZD Short, NZD/CAD Short and WTICO/USD ShortAUD/NZD 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. NZD/CAD Short Minimum entry requirements: • 1H impulse down below area of interest. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it. WTICO/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
OANDA:WTICOUSDShort
by StewySongs
YEN - Major trend reversal or big correction ? • Japanese yen surged around 10% in July potentially marking the end of a multi year bull trend. • Markets expectation's of FED-BOJ policies convergence, especially after yesterday's delivery of the first rate hike by the BOJ and a dovish signal by the FED. • The pair broke below the previous major resistance/support at 151.70 and traded close to the ascending trend line support at 148. • The dollar yen is now trading just above 150 after attracting some buyers at the mentioned support level above. • If bears manage to keep the pair below the 151.70 level and potentially break the 148 level, their next downside target would be 146.50 followed by 140.
by RamziAbouAbdallah-CMT
USD/JPY Analysis: Anticipating a New Bullish ImpulseUSD/JPY, after retesting the demand area around $149.000, shows potential for initiating a new bullish impulse. This technical retest suggests the possibility of a fresh upward leg in the pair's price movement. By examining the Commitment of Traders (COT) report, we notice significant bullish sentiment among large traders, indicating support for a long position in USD/JPY. This aligns with our supply and demand analysis, which identifies the $149.000 level as a crucial demand zone where buying interest has emerged, providing a solid base for the price to move higher. Seasonality trends also favor this bullish outlook. Historically, this period tends to see strength in USD/JPY, adding confidence to our expectation of a new long setup. The combination of the retest of the demand zone, positive COT positioning, and favorable seasonality trends reinforces our anticipation of a bullish continuation. We are closely monitoring the price action and are prepared to enter a long position, expecting further gains from the current levels. This comprehensive approach, considering technical, sentiment, and seasonal factors, supports our strategy for a bullish setup in USD/JPY. Japanese Yes Futures: ✅ 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
6