As with euro-dollar, the main fundamental factor recently for dollar-yen has been monetary policy. The Bank of Japan’s recent moderate hawkishness seems more questionable now with real annual wages having fallen recently while the Fed seems to be confirmed to cut only twice this year. The break above ¥158 in the last few days hasn’t led to a clear breakout but a small retracement lower. In the context of the slow stochastic having signalled overbought consistently for nearly a month now, that might suggest that consolidation or possibly losses are more likely than another immediate movement upward. ATR has been extremely low recently, which could also signal a change of direction. Within the wide channel between ¥161 and ¥150 there’s considerable scope for movement around important upcoming data from the USA. A more positive NFP would usually suggest higher inflation also, but there are exceptions to this. This is my personal opinion which does not represent the opinion of Exness. This is not a recommendation to trade.
this pair has formed a valid descending trendline and now got rejected on a support zone so we can enter a risky trade rom now with a small stop loss with big take profit to be safe its better to wait or a candle to close above the last touch o the trendline Follow us or more ideas and updates
Euro-dollar’s long downtrend has paused for breath in January so far as participants digest possibilities for central banks this year. Two cuts by the Fed seem to be more-or-less confirmed for now but there’s still some intrigue as to how low the European Central Bank (‘the ECB’) might go in 2025. Recent expectations suggest three cuts with a chance of about 70% for a fourth at the end of the year. Among major currencies, the euro probably has the most to lose from the introduction of potentially large American tariffs. 2 January’s push below $1.03 was retraced fairly quickly and the price has been reluctant to push below there again since. Based on the weekly chart, this area doesn’t seem like an especially strong support, so unless there’s a significant change in fundamentals, the downtrend might continue. Parity is an obvious support but it would probably take some time for the price to move that low. $1.02 or maybe $1.01 seem more realistic as short to medium-term targets for new sellers. It’s difficult to see much upside currently for euro-dollar beyond $1.045. The 50 SMA from Bands could confirm this area as a resistance. With no clear signal from volume or the slow stochastic, the next movement depends mainly on the results of the NFP and next week’s American inflation. This is my personal opinion which does not represent the opinion of Exness. This is not a recommendation to trade.
Judging by how the market has been moving, if buyers aren't showing up soon the price is likely going to be pushed into the 1D ichi cloud where we could see a quick drop from current levels to 86 once shorts start looking safer. Maybe some suppression again if the price tries to break into 91-93 in an attempt to push even lower and maybe wick into 80-82k where the cloud stops. If market stays bullish like its been it could be ATH again from there, although if sentiment shifts considerably by the time it reaches 86-88, I'm sure plenty of big newcomers who want it cheaper are aware there just is not much of any support or price discovery between 86 and 77. If the large cap alts do another big massive dump when BTC breaks below 91, it might be good to watch carefully at 86k before jumping on a big long. Very speculatively thinking, if 91k keeps holding up my best guess is we will see sideways for a much longer time... maybe a week or more. Something perhaps like a shallow cup that bottoms around 89k and then breakout only after 100k or so.
Hello Guy's this is My OverView For USOIL, Feel Free To Check It And Write Your Feedback In Comments Analysis of Crude Oil (USOIL) Here are the key observations: Price Levels: Current price is around $73.76. Sell signal at $73.76. Buy signal at $73.82. Trend Indicators: A recent upward trend is observed, indicated by a rising channel formation outlined with blue lines. However, the price has now reached an upper resistance level and appears to be reversing. Supertrend Indicator: The Supertrend indicator shows a value of 74.90, suggesting bearish sentiment when the price is below this level. Support and Resistance Zones: The chart indicates potential take-profit (TP) levels for short positions at $73.40 (Tp1) and $72.80 (Tp2). A broader support zone around $68.94 is highlighted in red, indicating significant support if prices drop further. Technical Outlook: in our setup s traders might be looking for short opportunities given the recent rejection from resistance. A target range for profit-taking on shorts between Tp1 ($73.40) and Tp2 ($72).80). Note: This analysis for educational purposes and not trading advice. Consider market conditions and strategies.
hello traders BTCUSD will be bullish target will be given in chart you see ENTRY POINT $92000 TO $91500 1ST TP $94000 2ND TP $95500 SL $90500 For more updates and information keep following me and comment, like and support if you are agree with my analysis.
BTC/USD has dropped recently but is now approaching an area of liquidity. Let's see what happens, will it break the level? Let me know what you think.
The New Zealand Dollar (NZDUSD) is nearing its 2022 low of 0.5510, having dropped 809 pips from October’s high. While some traders see this as an oversold market ripe for buying, the overall outlook remains bearish as long as we trade below this week's high of 0.5692. Moreover, a large wedge pattern targets 0.53, suggesting further downside below the 2022 low. Are you leaning bullish or bearish? This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
https://www.tradingview.com/x/Mq3I19bb/ It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current GBPCHF chart which, if analyzed properly, clearly points in the upward direction. ❤️ Please, support our work with like & comment! ❤️
As you can see here on the chart, the market will start its rally upwords after the last down movement, now we got the confirmation of the reversal. Buy and target the same level as mine. Follow for more!