EURJPY 2H Fundamentals: •Eurozone 10Y Bonds broke a key ascending trendline to the downside and have now retested it before continuing lower. This suggests that the EUR is overvalued and that investors are losing confidence in the Eurozone. •Conversely, Japanese 10Y Bonds have been in a strong uptrend for a while now. •The Non-Weighted Currency Index also shows that the Yen is strong, as it recently broke a descending trendline, retested it, and then surged higher. •Meanwhile, the Non-Weighted Currency Index of the Euro shows the opposite pattern. A bearish flag is forming on the daily timeframe, which could indicate a potential decline. •Lastly, we have the monetary policy divergence between the ECB and the BoJ. The BoJ is expected to hold rates, while the ECB is expected to cut. •The only concern is risk sentiment, which could weigh negatively on the Yen. Technical Analysis •On the daily timeframe, there is a strong uptrend, but a bearish triangle has formed. •On the 8H timeframe, we can see a 61% Fibonacci rejection, forming a clear double top, signaling strong selling pressure, followed by a break of a key support level. •On the H4 timeframe, another double top confirms the sellers’ strength, further validated by the break of the 50-SMA, which had previously acted as a dynamic support. •I am expecting a rejection at 50% Fibonacci at 156.180, which will be my entry price. •Stop-loss at 159.400, slightly above the previous support-turned-resistance. •Target: 149.000, a psychological level and a round number. •Retail traders are mostly long (80%), confirming that a short position would be a valid opportunity.
I dont want to say too much. It just looks like a smaller copy of what has already happened. Its just an idea...
https://www.tradingview.com/x/XftQpghX/ Here is our detailed technical review for US100. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 21,588.3. The above observations make me that the market will inevitably achieve 22,205.6 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!
Keep an eye on the #WLD 12H chart. If it manages to break above the middle line of the descending channel and the 12H MA50, we can expect the following mid-term targets: ? $1.722 ? $2.194 ? $2.575 ? $2.956 ? $3.499
https://www.tradingview.com/x/St1ME11z/ Take a look at our analysis for GBPUSD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.263. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.267 level soon. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
#BNT is moving inside a falling wedge pattern on the daily chart and holding the support nicely. In case of a breakout above the pattern, the targets are: ? $0.6491 ? $0.7069 ? $0.7646 ? $0.8361 ? $0.9517
As i said 3 days ago . NO MORE up for gold but .. we have to be very carefull from politics address if 2957 hold . gold will dive sharp to 2852 RR 4 : 1 Good luck WEGO
Last week we started the week with a run to make new ATH’s and then a drop back down to the 50DMA. New ATH’s on Wednesday and then a gap down Thursday. Watch that red signal line Thursday going into Friday - clear resistance (at the red arrows) We saw resistance at the 35EMA and the red signal line and we dropped all the wan down to the 50DMA. We stayed within the implied move all days expect for Friday.
AUD/USD has now seen a 350+ rally off the lows with no substantial pullback. A lot of the time this kind of price action occurs on AU, it tends to extend a lot further than most traders predict but also not to the overly bullish targets retail traders will spout off like 70+ cents. While I think a revisit to the lows before a long-term bullrun can be seen for AU is likely, I'm aware that price is indicating it's looking for a healthy correction before target the .65 zone, which is the POC for the higher time frames we broke down from weeks ago with no retest. For these reason and the general understanding of price action and market structure I see a lot on AUD/USD, I'm bullish in the short-term if we can get a steeper pullback to the .629 area after taking profits on my shorts for 50+ pips around .635. Best of luck team, Ghost Traders FX now for the year of 2025 has 25 wins in a row, almost 500+ pips gained, 0 losses, improving our overall core strategy results to 135 Wins, 18 Breakevens, 7 losses pulling our WR back to 95%+ Feel good to be trading at my best agian.
Last week we started the week with a run to make new ATH’s and then a drop back down to the 50DMA. New ATH’s on Wednesday and then a gap down Thursday. Watch that red signal line Thursday going into Friday - clear resistance (at the red arrows) We saw resistance at the 35EMA and the red signal line and we dropped all the wan down to the 50DMA. Friday was intense, I did take a red day on Friday but still had a good week overall.