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NZDUSD BUY | Idea Trading AnalysisNZD/USD is falling towards a support level which is a pullback support and could bounce from this level to our take profit. We expect a decline in the channel after testing the current level which suggests that the price will continue to rise Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity NZDUSD 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
7
USDCAD Potential Drop after rejection from crossing of ResistancUSDCAD has been steadily climbing since the start of October, with nine consecutive bullish days. The price has now reached significant levels on both the weekly and daily timeframes. However, as it nears the resistance area, the candles are shrinking, signaling a potential loss of momentum. Zooming out, it's evident that the price has dropped from the 1.38500 resistance multiple times in the past. This suggests the potential for at least a short-term pullback. If a rejection candle forms, we could expect the price to move lower. Given that today's news is packed with CAD-related data, volatility is expected, possibly leading to large wicks in both directions. The target is the support level at 1.36650
Short
by RTED_Investing
GBPJPY → Trade Analysis | SELL SetupGBPJPY s moving to the upper boundary of the ascending channel. The volatility of the movement has decreased. The price has reached the resistance level. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL 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 🤝
Short
by TheGrove
8
USDCAD SellUSDCAD looks like a sell on the H4 and has been moving steadily down from my last entry in UC. I believe that there will be a potential double top move looking to move towards the 1.37800s and since we are within that range it is clearly looking for prior price action to do a pullback or continue the reversal pattern of a downtrend. I am looking for this mainly to be a day trade, however, I will also be placing a swing trade for my other trading accounts to bare in mind to also use PROPER risk management. RSI also indicates that we are long overdue a major short and will see it within the next few candles how far USDCAD can go. I also have spotted trend patterns go back to July 25th of this year and it extending all the way down for a month straight crashing USDCAD all the way down till the very bottom of the RSI. ENTRY: 1.37951 TP 1 (Day Trade): 1.1.36230 TP 2 (Swing Trade): 1.35434 TP 3: (extended swing trade) 1.34396 SL: 30 Pips from entry Please message me if you have any questions! Please enjoy your day and be sure to follow our page!
Short
by KingTraderFX
2
Xauusd sell signal Gold price attracts some dip-buying on the first day of a new week and trades near a one-week top, around the $2,660 region heading into the European session. The US PPI pointed to a favorable inflation outlook and suggested that the Fed will cut interest rates further. Any subsequent slide is likely to find some support near the $2,632-2,630 region, below which the Gold price could accelerate the fall towards the $2,600 round-figure mark. A convincing break below the latter will be seen as a fresh trigger for bearish traders and pace the way for some meaningful downfall. The XAU/USD might then drop to the next relevant support near the $2,560 zone and extend the decline towards the $2,535-2,530 region en route to the $2,500 psychological mark. Gold now sell 2660 Target 2642 Target 2628
OANDA:XAUUSDShort
by JohnHarry_7
Gold today analysis confirm buy target read the caption This disappointment was followed by China’s consumer and factory-gate price inflation data on Sunday, which showed the extension of the disinflation trend in the world’s biggest consumer, sapping investors’ confidence. Additionally, intensifying geopolitical tensions between Israel and Iran and also between China and Taiwan remain a cause for concern for investors, and hence, they scurry for safety in the USD at the expense of the Gold pri
OANDA:XAUUSDLong
by Mrsam36
EUR/USD May Fall 23 - 38 Pips (READ DESCRIPTION)EUR/USD May Fall 23 - 38 Pips Pivot Point: 1.0950 The 1.0950 pivot point is a key resistance level. It represents the dividing line between bullish and bearish trends. As long as the price remains below this level, sellers are likely to be in control, pushing the pair lower. A break above 1.0950 would shift the focus to the upside. Primary Strategy (Our Preference): Entry Point: Short positions should be considered below 1.0950. Target Levels: 1.0900: The first key support level, marking a 50-pip decline from the pivot. This is an important psychological barrier where buyers could start stepping in. However, if the selling pressure is strong, this level could be breached. 1.0885: The next potential support, marking a further 15-pip drop from 1.0900, representing a 65-pip decline from the pivot level. Alternative Scenario: If EUR/USD breaks above the pivot point of 1.0950, look for buying opportunities. Entry Point: Long positions should be initiated if the price breaks and holds above 1.0950. Target Levels: 1.0965: The first upside resistance target, marking a 15-pip rise from the pivot. If the buying momentum is sustained, the pair is likely to test this level first before moving further up. 1.0980: The next resistance zone, marking a 30-pip upside move from the pivot. Breaching this level could signal the beginning of a larger uptrend. Technical Outlook: RSI (Relative Strength Index): The RSI is likely below its neutral 50 level, indicating that the bearish momentum is currently stronger. This suggests that sellers are in control, but if the RSI approaches oversold levels (below 30), a reversal might be on the cards. MACD (Moving Average Convergence Divergence): The MACD is expected to be negative and below its signal line, reinforcing the bearish outlook. If the MACD line starts to flatten or move upward, it could signal a weakening of the downtrend. Moving Averages: EUR/USD is likely trading below both its 20-period and 50-period moving averages, indicating both short-term and medium-term weakness and supporting the bearish scenario. Market Dynamics: As long as EUR/USD remains below the pivot point at 1.0950, expect a choppy but overall bearish price action. Sellers are likely to step in at any short-term rallies, pushing the pair lower toward 1.0900 and potentially 1.0885. The area around 1.0900 and 1.0885 represents key support levels where buyers may attempt to step in. If bearish momentum persists, these levels could break, leading to further downside. A break above 1.0950 would indicate a potential shift in market sentiment, opening the door for a move higher towards 1.0965 and 1.0980.
by CharivapaAlgo
XAU short term trend predictionGold did not receive support from economic news or data last week but still maintained a stable price. The US consumer price index in September 2024 did not meet the expected growth rate. The number of unemployment claims in the US increased to 258,000, higher than the forecast of 230,000. The market is closely watching the next economic reports from the US to predict the possibility that the US Federal Reserve (Fed) will cut interest rates next month. There is an 80% chance that the Fed will cut interest rates by 25 basis points in November, while there is a 20% chance that interest rates will be kept unchanged. Lowering interest rates can reduce the opportunity cost of holding gold, thereby supporting gold prices.
TVC:GOLD
by NicoTradingMaster
Usdchf dropping area confirm sell read the caption week ago today, the USDCHF made a break to the upside and out of the "Red Box" that had confined the pair going back to August 20. The US jobs report was the catalyst for the move higher, but by Monday, the price fell back to the high of that "red box" and even moved within the topside edges of it. Sellers should have entered on that breach, but the momentum was very modest, and sellers turned back to buyers into Tuesday and reached session - and week - highs on late Wednesday and into Thursday's trade. Those highs reached a swing area between 0.86078 and 0.8619. The high price reached 0.86067.
by Mrsam36
Find Your Trading Style: What Type Of Trader Are You ? Good morning, trading family! Ever feel overwhelmed by all the different trading strategies out there? You're not alone, and today we’re here to help you figure out exactly which trading style suits you. In this video, we’ll explore the four main types of trading—Scalping, Day Trading, Swing Trading, and Position Trading—and give you real-life examples so you can see which one fits your personality and goals best. Whether you’re someone who thrives on fast-paced, high-energy trades or prefers to take a step back and play the long game, this video will give you the clarity you need to trade with confidence. My goal is to help you tailor your strategy so it feels natural and aligns with how you want to trade. If you find this valuable, please comment below and tell me which type of trader you think you are! Don’t forget to like or share this video so other traders can benefit from it too. Your feedback can make a huge difference for someone else in our trading family! Happy Trading Mindbloome Trader
Education
by Mindbloome-Trading
Forex Pair :AUDUSD + 3 Step Rocket Booster StrategyThis forex pair FX_IDC:AUDUSD has showed up on my trading system which am using..The name of the trading system is called the rocket booster strategy now in this video I show you another indicator that can be used to boost this trading strategy This trading strategy + this indicator will really boost your understanding of the trading system Called the rocket booster strategy. Also remember that on the 19th Of October 2024 am going to reveal the "Top 13 Iron Wathclist" This watchlist is the one am going to be using to determine the market cycles of 2025 save that date. Rocket boost this content to learn more Also remember to watch this video again. Disclaimer: Trading is risky you will lose money whether you like it or not please learn risk management and profit-taking strategies.
Long
by lubosi
AUDJPY: Great long term bullish trade.AUDJPY is on excellent bullish levels on its 1D technical outlook (RSI = 60.728, MACD = 0.850, ADX = 48.315) which shows the steady bullish trend on the medium term but more importantly it just turned bullish on the 1W timeframe, showing the enourmous upside potential. And this is evident as the dominant pattern is a Channel Up since March 2020. The August low was a bottom exactly on the 1D MA50, the 1D RSI is making a bottom formation and the price action looks identical to the two prior bottoms of the Channel. The rallies they produced rose both by +27.00%. We expect a similar rebound (TP = 114.000). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
DXY: Still bullish but be ready to sell at the right price.The U.S. Dollar Index is heavily bullish on its 1D technical outlook (RSI = 65.833, MACD = 0.380, ADX = 45.822) as it has been rising strongly since the Sep 27th Low, not over its 1D MA50. The price action is identical to the rebound that was initiated on December 28th 2023 and reached the 0.618 Fibonacci level only to get rejected there back to the 0.5 Fib. Consequently we will remain bullish, aiming at the 0.618 Fib and the 1D MA200 (TP = 103.850) and then switch to shorting aiming a little higher than the 0.5 Fib (TP = 102.500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:DXY
by InvestingScope
DXY: A Bullish Outlook for the USDThe US Dollar Index (DXY), a critical gauge of the dollar's performance against a basket of major currencies, recently encountered a significant demand area at 100.53. This pivotal point has historically acted as a fulcrum, influencing the currency's trajectory. Interestingly, this interaction coincides with a notable downturn in the commitment of traders (COT) report for retail traders, suggesting a pivotal shift in market sentiment. Retail Traders Retreat Amidst Bullish Signals Retail traders, often seen as contrarian indicators, have shown a marked decrease in their positions at this juncture, reaching notably low levels. This trend typically suggests a lack of confidence among smaller market participants, which can often precede a reversal when combined with other factors. It's crucial to consider these dynamics within the broader context of market sentiment and economic indicators. Institutional Insights: Fund Managers and Commercials Buying the Dip Conversely, the behavior of more significant market players such as fund managers and commercial traders provides a stark contrast. Fund managers have maintained or increased their bullish positions, demonstrating a robust confidence in the strength of the USD. Simultaneously, commercial traders, known for their strategic depth and market knowledge, have started accumulating positions, "buying the dip." This accumulation by commercials is often a reliable indicator of foundational strength in the market, suggesting that these savvy traders anticipate a forthcoming rise in the dollar's value. Technical and Seasonal Factors Align for a Bullish Scenario From a technical perspective, the DXY has shown signs of being oversold. When a financial instrument reaches such conditions, it often suggests that the selling momentum might be overextended, priming the market for a bullish reversal. This technical signal, in conjunction with the identified demand area, provides a compelling case for an impending upward movement. Moreover, seasonality also plays a critical role in the dynamics of currency markets. Historical data and patterns can influence trader expectations and market movements significantly. For the DXY, seasonal trends around this time of year have frequently aligned with strengthening trends, reinforcing the current analysis that an uptick could be on the horizon. Looking Forward: A Bullish Forecast for the USD Considering these multifaceted insights—from the COT data illustrating a shift away from retail bullishness to the strategic accumulations by institutional players, and the supportive technical and seasonal indicators—the stage is set for a potential long-term increase in the value of the USD. Traders and investors would be wise to monitor these developments closely, as the confluence of these factors could lead to significant opportunities in the forex markets. The current landscape of the DXY presents a textbook scenario where understanding the interplay between different trader behaviors and technical indicators can provide a strategic advantage. As we move forward, keeping a pulse on these shifts will be crucial for capitalizing on the anticipated upward trajectory of the USD. ✅ Please share your thoughts about DXY 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.
TVC:DXYLong
by FOREXN1
3