Get started

DJ FXCM Index

EUR/USD Bearish PennantThe EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Pennant pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.0242 2nd Support – 1.0205 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
Short
by KABHI_TA_TRADING
27
GBPUSD Ultimate buy signal at the bottom of the 2year Channel UpThe GBPUSD pair brutally reversed this week's early gains and the 1W candle will most likely close in red after making a new Low. The trend has been bearish since the September 23 2024 High and has been accelerated after the 1W MA50 (blue trend-line) and 1W MA200 (orange trend-line) rejection in early December. This is however the ultimate long-term buy opportunity as the price is almost at the bottom of the 2-year Channel Up. On top of that, the 1W RSI is almost on the oversold barrier (30.00), a level intact since October 2022. As long as the price is closing within the Channel Up, we see a rebound towards the 0.618 Fibonacci retracement level very likely, as it happened in November 2023. Our Target is 1.2950. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
6
BTCUSD Is Too Overbought?HI today you can see the BTCUSD chart, and the higher time frame charts have shown some potential overbought levels. Is it too risky to buy and hold now? There are some important old levels that have shown some support in recent years. Be careful of the market now with BTCUSD, thanks. Is it possible that the banks can short more now? For now I am following the EURUSD more closer, thank you. Please support us by following me thanks! #btcusd #eurusd #btc #usd #eur
BITSTAMP:BTCUSD
by ilyaskhan1994
USDJPY Analysis Here's a bullish channel setup on USDJPY! The pair is respecting the ascending trendline, and we’re seeing signs of potential upside movement. 🚀 🎯 Targets: Take Profit 1: 158.451 Take Profit 2: 158.825 Take Profit 3: 159.154 📉 Stop Loss: 157.582 (below the channel support). The pair is currently trading near the channel’s lower boundary, offering a great risk-to-reward ratio. Keep an eye on this one—it could deliver solid gains! 💰 Let’s see how this plays out! 💹
Long
by Charts_M7M
EURUSD: Channel Down showing no signs of reversal yet.EURUSD is on a strong bearish 1D technical outlook (RSI = 37.852, MACD = -0.006, ADX = 18.889) as it is trading inside a Channel Down since September 30th 2024. As long as the 1D MA50 is unbroken, the bearish trend will continue to prevail. Right now the trend has slowed down, but the 1D RSI Rectangle clearly shows that a local top (LH) is in. We will remain bearish, aiming for the Channel'd middle (TP = 1.01700). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
USDJPY: Channel Up extending its 2nd bullish wave.USDJPY continues to trade on an highly bullish 1D technical outlook (RSI = 66.571, MACD = 1.090, ADX = 47.294) as today made a new high inside the 4 month Channel Up. It is on its 2nd bullish wave and it has started its 2nd stage, as it crossed above the 0.382 Fibonacci level, much like the previous bullish wave on October 21st. Aim for the 0 Fib near the top of the Channel (TP = 164.000) ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
GBP/USD Trendline BreakoutThe GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a Strong Trendline . This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.2390 2nd Support – 1.2332 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
Short
by KABHI_TA_TRADING
41
USD/JPY Poised for a Breather Before Resuming Its AscentUSD/JPY: A Strategic Pause Before the Next Bullish Wave The USD/JPY currency pair is taking a breather, consolidating after a period of robust growth. This pause comes as a natural result of market dynamics, offering traders an opportunity to reflect on the underlying forces shaping the pair’s trajectory. The strengthening U.S. dollar, supported by a resilient economy and relatively hawkish monetary policy, contrasts sharply with the dovish stance of the Bank of Japan (BoJ). This divergence in central bank approaches creates a fertile environment for medium-term bullish potential in the USD/JPY pair. Over the past year, the currency pair has experienced a rollercoaster ride. A sharp decline in 2022 was fueled by aggressive rate cuts in the United States, a slight tightening move by the BoJ, and interventionist measures from Japan’s central bank aimed at stabilizing the yen. However, these interventions proved largely ineffective in altering the broader trend. The USD/JPY pair eventually reversed its course, erasing nearly all of its losses and climbing back toward the significant 162.0 level—a testament to the enduring strength of the dollar and the yen's continued weakness. Currently, the market is in a consolidation phase, with clear boundaries and well-defined levels emerging over the past several weeks. This phase serves as a critical juncture for traders, as it provides strong technical levels to guide trading strategies. Key Levels to Watch Resistance Level: 158.1 Support Levels: 156.74, 155.88 The primary trigger for a bullish continuation lies at the resistance level of 158.1. A decisive breakout above this level, accompanied by sustained price consolidation, would signal the market's readiness to push higher, potentially targeting all-time highs (ATH). However, traders should also prepare for the possibility of a temporary correction. Should the resistance hold, the currency pair may retrace toward the lower boundaries of the consolidation zone before resuming its upward momentum. Fundamental Context Driving USD/JPY The current landscape is shaped by stark differences in monetary policy between the U.S. Federal Reserve and the BoJ. While the Fed has maintained a relatively hawkish stance, keeping rates elevated to combat inflation, the BoJ has stuck to its ultra-loose monetary policy framework. Japan’s central bank continues to cap bond yields and resist significant tightening measures, prioritizing economic stability over currency strength. This divergence has amplified the appeal of the U.S. dollar against the yen, drawing capital flows into dollar-denominated assets and sustaining the bullish narrative for USD/JPY. Moreover, the broader macroeconomic environment supports the dollar's dominance. With robust labor market data, resilient GDP growth, and moderating inflation in the United States, the greenback remains a safe haven for investors navigating global uncertainties. In contrast, Japan's economy faces structural challenges, including stagnant wage growth and subdued consumer spending, further limiting the yen's recovery potential. Technical Outlook: Preparing for the Next Move From a technical perspective, the current consolidation is a healthy phase that sets the stage for the next significant move. Traders should closely monitor price action around the resistance at 158.1. A breakout above this level would open the door for an extended rally, with the psychological 162.0 level and beyond serving as potential targets. Conversely, failure to break resistance could lead to a retracement toward the support levels at 156.74 and 155.88. Such a pullback would not invalidate the bullish outlook but would instead offer a better entry point for those looking to capitalize on the broader upward trend. Trading Strategy For traders, patience and precision are key in navigating this phase. Those with a bullish bias should wait for confirmation of a breakout above 158.1, accompanied by increased volume and sustained consolidation. Meanwhile, a pullback to support levels could present an opportunity for value-based entries, provided the broader trend remains intact. Risk management remains paramount, as false breakouts and unexpected market shifts can occur in such volatile conditions. Conclusion The USD/JPY pair is at a crossroads, with consolidation serving as the calm before the next storm. The interplay between a strong dollar and a dovish BoJ creates a compelling case for further upside, but traders must remain vigilant and adaptable. Whether the pair breaks resistance or retraces to support, the medium-term outlook remains bullish, underpinned by both technical and fundamental factors. Stay prepared and disciplined, as the next leg of the journey toward new highs could be just around the corner.
Long
by lonelyPlayer0
EURUSD Buy signal on (4h)EURUSD is trading inside a Channel Down and is pulling back on the (4h) time frame after a double top near the MA200 (4h). The crossing under the MA50 (4h) is following a pattern similar to December 2nd, which turns it now into a buy opportunity. Trading Plan: 1. Buy on the current market price. Targets: 1. 1.04500 (MA200 4h and under the +2.88% move that December did). Tips: 1. The RSI (4h) is approaching the 40.00 level of the December 2nd bounce. Additional buy signal. Please like, follow and comment!!
Long
by TradingBrokersView
DXY: Ascending Triangle topping soon. Excellent sell opportunityThe U.S. Dollar Index is on a steady bullish 1D technical outlook (RSI = 60.447, MACD = 0.640, ADX = 33.835) as with the exception of November's last week, it has been rising nonstop since September 30th 2024. The price is near the HH Zone of the Ascending Triangle, the 1W RSI has double topped and we are, or getting close to, the new long term top. Technically the 1W RSI is already similar to the October 9th 2023 top. The risk now is lower in going short. Aim for the 1W MA200 (TP = 103.000), which was the level that offered the late September support. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:DXYShort
by InvestingScope
1
Trudeau’s Expected Resignation Prompts Dollar ReboundThe USD/CAD pair hit 1.4379, reflecting a rebound from its earlier January 2016 lows, as traders react to the potential resignation of Canadian Prime Minister Justin Trudeau. This possible political shift has also strengthened the US dollar against the Canadian dollar, causing the loonie to pare some of its earlier gains. Trudeau's anticipated departure, amid public and legislative pressure, adds an element of political uncertainty in Canada, which could impact the CAD's stability. Meanwhile, in the U.S., President-elect Donald Trump's tariff plans are being recalibrated to target only critical imports, a shift from his campaign's universal tariff approach. This adjustment aims to mitigate widespread disruptions and price increases, potentially supporting market stability and investor confidence. As these geopolitical and economic factors unfold, traders should remain vigilant, as developments in Canadian leadership and U.S. trade policies could introduce further volatility and influence USD/CAD dynamics.
by tastyfx
EURUSD Short-term buying activity spotted.The EURUSD pair has been under heavy selling pressure for the whole December but despite the red candle, it closed last week on a long wick and opened today on a green note. The weekly closing managed to make it inside the 2-year Megaphone pattern. At the same time, the 1W RSI is making a Double Bottom and that resembles the August 06 2018 candle, which was also a medium-term bottom after a multi-month decline. The rebound that followed peaked a little below the 1W MA50 (blue trend-line) and Resistance. As a result, we are bullish on this pair, at least on the medium-term, targeting 1.0600 (just below the Resistance level). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
Bearish drop?US Dollar Index (DXY) has reacted off the pivot and could drop to the 38.2% Fibonacci support. Pivot: 109.64 1st Support: 108 1st Resistance: 110.93 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
TVC:DXYShort
by ICmarkets
2
USD/CAD Breakout OpportunityTrading Idea: USD/CAD Breakout Opportunity USD/CAD has paused its four-day rally, trading near 1.4400 during the Asian session. The Canadian Dollar is supported by rising oil prices, with WTI nearing $73.50 per barrel, while US Dollar strength from the Fed’s hawkish stance limits the downside. Technical Outlook: The pair is consolidating within a rectangle pattern. The best trading approach is to wait for a confirmed breakout: Upside breakout: Indicates continued bullish momentum. Downside breakout: Signals a potential CAD-driven correction. Key Levels to Watch: Resistance: 1.4430–1.4450 Support: 1.4360–1.4380 Risk management is essential—always use stop-loss orders and manage your position size to protect your capital. Follow for more trading ideas and education!
by InwardTrader
Xau/usd higher timeframe to lower timeframeXau/usd higher timeframe to lower timeframe - This idea is based on educational purposes Detailed analysis for higher time frame to lower time frame Market currently at 2639.72 and in higher time frame 2621 is a rejected point more then 6 times so when we move to lowest time frame things are more clearly and we see that market is moving in uptrend so we have to move and trade within trend if market move and touched 2642 to 2645.00 area we will entered in buy trade and our first target would be 2650.00 then 2660 onwards if market break the region which are selected and move downward we will take our first take profit at 2621.00 again it was crucial point but if it went again this point we will see the next move at 2605.00 Like and Comments on our Analysis
OANDA:XAUUSDLong
by professionaltradersfx
EURUSD: Still bearish long term. Don't buy a falling knife.EURUSD remains heavily bearish on its 1D technical outlook (RSI = 34.500, MACD = -0.006, ADX = 21.396) as the 1 month Channel Down remains intact. The current 4H rebound is the bullish wave of the Channel and technically once the 4H MA50 is hit, it will turn into a bearish opportunity again. We are waiting for that signal to sell towards the bottom of the Channel (TP = 1.0200). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope