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Eurusd a sharp down next week read the caption EUR/USD news to watch will be the second estimate from Europe. Economists expect the data to show that the economy stalled in Q4. Eurostat will also release the latest weak industrial production data. The EUR/USD pair made a strong bearish breakout this week. It moved below the lower side of the bearish flag pattern. The pair also retreated below the support at  1.0722, its lowest point on February 6th. It has moved below the 50-period and 24-period moving average
Short
by Mrsam36
A big candle we see of sell gbpusd time to sell read the captionToday, the GBPUSD experienced an upward movement, driven by a wave of dollar selling in response to lower interest rates. However, the pair's momentum encountered resistance at a key technical level—the 200-bar Moving Average (MA) on the 4-hour chart. This same MA had previously halted the pair's advance a week ago, leading to a decline in price. The fact that this level has now twice acted as a barrier underscores its significance for future trading. A sustained position below this level would indicate that sellers are maintaining control. Currently, the 200-bar MA is positioned at 1.2661 and is trending downward
Short
by Mrsam36
Eurusd anytime can hit yellow line read the caption The next important EUR/USD news will be the upcoming Federal Reserve minutes, which will provide more information about what to expect later this year. In its first decision of the year, the Fed maintained the status quo, leaving interest rates unchanged between 5.24 and 5.51 With the US doing better than Europe, economists believe that the ECB will cut rates earlier than the Fed. Data published this month showed that the US manufacturing and services PMI numbers moved above 50 in January. The unemployment rate remained at 3.7% while inflation is still much higher than the Fed’s target
Short
by Mrsam36
us dollar rising area read the caption The move lower in the dollar has come on the back of a dip in U.S. Treasury yields in line with its global peers. That followed lower-than-expected Canadian inflation data and euro zone wage growth -- all of which sent domestic yields falling as it ramped up expectations for rate cuts by global central banks this year. The Canadian dollar was last marginally higher at 1.35084 per U.S. dollar, while the euro rose 0.06% to $1.0813 The fell 0.05% to 103.98
TVC:DXYLong
by Mrsam36
USDJPY (H4) Will fall to 148 or increase to 152 ?OANDA:USDJPY USDJPY (H4) Will fall to 148 or increase to 152 ? The USDJPY market on the H4 timeframe exhibits the following characteristics: The ongoing contraction phase suggests a period of hesitation and gradual consolidation before significant fluctuations occur. The peaks depict a pattern of lower-high prices, indicating a potential weakening of buying power. Simultaneously, the lower end establishes a loosely defined price support region, with cand lesticks extending below the support area. Consequently, there is a likelihood that this pair might decline towards the price support zone at 148.6-148.8. However, given the absence of a clear directional break in the price pattern, there remains a possibility that the exchange rate could continue to rise towards the resistance area of 150-152. It is advised to monitor the market closely. Despite the absence of significant news today with a strong impact on these currencies, unforeseen market movements can still pose risks to your account. Please adhere to trading principles and implement capital management strategies diligently.
by VNSmartMoney
2
Usdcad bullish side is strong read the caption Intraday bias in USD/CAD remains neutral for the moment, as range trading continues. More consolidations could be seen, but further rally is expected as long as 1.3357 support holds. On the upside, firm break of 1.3585 will resume the rebound from 1.3176 for 1.3897 resistance.In the bigger picture, price actions from 1.3976 (2022 high) are viewed as a corrective pattern only. In case of another fall, strong support should emerge above 1.2946 resistance turned support to bring rebound. Overall, larger up trend from 1.2004 (2021 low) is still expected to resume through 1.3975 at a later stage.
Long
by Mrsam36
XAUUSD turning point bull and bear read the caption It's been a rather straightforward rebound since testing the 100-day moving average (red line) for gold. That sees price run up to $2,030 as buyers look to keep the bounce going. The next key level to watch will be the trendline resistance closer to $2,050 currently. Not much has changed from yesterday but this has been one of the more interesting charts in trading this week. As such, do keep the following consideration in mind as gold looks to track higher for the time being
OANDA:XAUUSDLong
by Mrsam36
Audusd pump above go buy read the caption committee also pushed back slightly about when the first rate cut will happen. Jay Powell noted that the Fed will be less likely to start cutting in March as many analysts were expecting. The Fed is battling a situation of high inflation and strong economic growth. The AUD/USD pair has rebounded slightly from its lowest point this month. It now sits slightly below the key resistance at 0.6541, where it has failed to move above recently. This price is along the neckline of the inverse head and shoulders pattern that has formed recently
Long
by Mrsam36
Gbpusd down dips below read the caption On the 4 hour chart, we can see more closely the rangebound price action which is often hard to trade due to its erratic nature. The best strategy is generally to sit out and wait for a clear breakout supported by aThe GBP/USD pair retreated slightly after the latest US inflation data. According to the Bureau of Labor Statistics (BLS), the headline Consumer Price Index (CPI) rose by higher than the expected 2.7%. Core inflation rose by 3.8%, higher than the expected drop to 3.6%. These numbers mean that inflation is still high in the country and that it will likely struggle to get to Fed’s target of 2.1%. It has remained between 3.2% and 3.3% in the past few months as the Fed has maintained rates at a 22-year high fundamental catalyst although one can also “play the range” by sell at support and selling at resistance.
Short
by Mrsam36
Gbpusd slip on the floor hit on the bottom read the caption Hot US inflation report justified the Fed’s pushback against early and aggressive interest rate cut expectations, triggering a fresh rally in the US Treasury bond yields and the US Dollar. In light of this, GBP/USD reversed sharply from the weekly high of 1.2681 to as low as 1.2572 The correction in the currency pair gained momentum on Wednesday after the annual CPI inflation in the UK remained unchanged at 4.0% in January, against the market forecast of an increase to 4.2%. reported month, missing estimates of 5.3%.
Short
by Mrsam36