#GBPUSD Technical Analysis

[starseedfxofficial]

The EURAUD High-Frequency Trading Playbook: The Hidden Edge Most Traders Overlook The Silent Assassin of Forex: High-Frequency Trading (HFT) and EURAUD If the Forex market were a battlefield, high-frequency trading (HFT) would be the stealth sniper, eliminating inefficiencies with algorithmic precision. While most retail traders are still debating whether the RSI is overbought at 70, institutional HFT firms have already executed thousands of trades in the blink of an eye—profiting off milliseconds of mispricing. And here’s the kicker: EURAUD is one of the best-kept secrets in HFT profitability. Why? Because the EURAUD pair has just the right mix of volatility, liquidity, and inefficiencies to be an absolute goldmine for traders who understand its nuances. But don’t worry—you won’t need a Ph.D. in quantum computing to profit here. You just need the right strategies, an insider perspective, and a bit of market jiu-jitsu. So, let’s pull back the curtain and reveal the hidden formulas that drive high-frequency success in EURAUD. Why EURAUD Is the Underrated Champion for High-Frequency Trading Most traders obsess over the EURUSD or GBPUSD because they’re the “popular kids” of Forex. But those pairs are also where HFT firms eat retail traders alive with their execution speed and depth of market orders. EURAUD, on the other hand, flies under the radar—but that’s exactly what makes it so powerful for high-frequency trading. 1. Volatility Sweet Spot EURAUD has the perfect balance of controlled chaos—high enough volatility for price action to move, but not so extreme that spreads become a nightmare. This allows HFT traders to capitalize on rapid movements without getting killed by slippage. 2. Liquidity Windows for Arbitrage Thanks to its unique positioning between the London and Sydney sessions, EURAUD has pockets of liquidity mismatches that HFT strategies can exploit. Unlike major pairs that are hammered with competition, these windows in EURAUD allow you to find price inefficiencies that still exist. 3. Algorithmic Exploits in Price Cycles EURAUD moves in predictable cycles influenced by fundamental factors (e.g., RBA and ECB policies) and technical triggers. HFT algorithms can latch onto these micro-patterns and execute trades with near surgical precision. The Three Underground HFT Strategies That Work on EURAUD Most traders are stuck using basic scalping or swing strategies, but the real money in EURAUD is being made by those who understand high-frequency tactics. Here’s a sneak peek at three powerful but little-known approaches: 1. Latency Arbitrage: Exploiting Time Lags Latency arbitrage is like knowing the result of a horse race before placing your bet. This strategy takes advantage of the slight delay between price feeds from different brokers. Some platforms update slower than others—allowing traders to place trades on delayed quotes before the market corrects itself. How to Execute: - Use a VPS close to major Forex servers (e.g., London or Tokyo) to reduce execution time. - Monitor price differentials across multiple brokers. - Execute trades on slower price feeds before they catch up to real-time market values. Pro Tip: A few milliseconds can mean the difference between profit and loss, so execution speed is everything. 2. Market-Making with Smart Order Flow Analysis Instead of chasing price action like most retail traders, market-making HFT strategies provide liquidity by placing limit orders and profiting from bid-ask spreads. How It Works: - Identify low-risk spread capture opportunities where you can place limit orders on both sides of the market. - Use volume-weighted average price (VWAP) indicators to determine safe entry points. - Adjust position sizing based on market depth analysis. Pro Tip: Combine this with an AI-based trading tool to analyze order flow and detect anomalies in execution speed. 3. News-Based HFT for EURAUD Breakouts EURAUD is highly reactive to macroeconomic releases from both Europe and Australia. If you know how to harness this energy using high-frequency execution, you can capitalize on lightning-fast price spikes. How to Execute: - Use an economic calendar (like StarseedFX’s Forex News) to track major events. - Deploy a news-trading bot that reacts within microseconds to high-impact releases. - Adjust spreads dynamically to avoid slippage. Pro Tip: Avoid “trap” scenarios where institutions pull liquidity seconds before a news release—test your execution in a simulated environment before going live. Final Thoughts: How to Stay Ahead of the Curve HFT in EURAUD isn’t just about speed—it’s about having the right insights and the right tools to execute efficiently. Here’s what you need to do next: ✔️ Get real-time Forex news and indicators to stay ahead of the market: Check here ✔️ Upgrade your knowledge with advanced Forex education: Enroll in courses ✔️ Join an elite trading community for daily alerts and expert insights: Become a member ✔️ Use a smart trading tool for automated execution and lot size calculations: Optimize your trades High-frequency trading isn’t just for Wall Street firms. With the right knowledge, EURAUD can be your secret weapon for next-level trading success. —————– Image Credits: Cover image at the top is AI-generated Read the full article

[sepblogs1211]

Master Entry Point Strategies & Global Forex Patterns Today

ReminderRecent developments emphasize the potential for market disruptions, as highlighted by The Washington Post report on Trump's potential shift toward lighter tariffs. This serves as a reminder of the importance of vigilance as markets navigate similar instances of uncertainty throughout the year. Maintaining a cautious and adaptive stance remains prudent.

Market OverviewOn January 6, U.S. stock indexes showcased mixed results, with technology stocks fueling a notable rebound. The S&P 500 gained 0.6%, marking its second consecutive day of recovery after a challenging start to the year, while the Nasdaq Composite surged by 1.2%, underscoring strong investor confidence in the tech sector. In contrast, the Dow Jones Industrial Average dipped slightly by 0.1%, and the Russell 2000 declined by the same margin. Nvidia's rally, driven by anticipation of advancements in semiconductors and AI at CES, played a pivotal role in boosting the Nasdaq. Stable Treasury yields, backed by robust U.S. services data, further supported economic confidence. Closing values showed the S&P 500 at 5,975.38, the Dow Jones at 42,706.56, the Nasdaq at 19,864.98, and the Russell 2000 at 2,266.65. Year-to-date performances highlighted a strong start for the Nasdaq (+2.9%) and modest gains for other indexes. This trading session reflected optimism within U.S. markets, particularly in technology, as investors balanced enthusiasm for innovation with cautious optimism amid evolving economic signals.

Market Analysis

GOLDGold experienced a slight decline but maintains a bullish outlook due to inflationary pressures and resilience above the previous swing low. The MACD signals renewed buying interest, though bearish momentum in the RSI suggests potential selling pressure, with a possible test of the 2,586.289 level. Overall, the macroeconomic environment and technical indicators point toward a stronger bullish continuation. Applying candlestick patterns can aid in identifying price action reversal points at key levels like 2,586.289.

SILVERSilver, on the other hand, gained traction even as gold slipped. Prices have moved above the 29.900 level, increasing the likelihood of a rally toward 30.6675. Bullish momentum is supported by both the MACD and RSI, which show growing strength in favor of buyers. Entry point strategies suggest entering long positions when price reaches key support levels, especially near 29.900.

DXYThe U.S. dollar index declined as global stocks rose on Monday, following President-elect Donald Trump's denial of reports suggesting a softer stance on tariffs. This dismissal renewed uncertainty and volatility, with European equities and currencies gaining on speculation about targeted tariffs. Anticipated tariffs may increase U.S. import costs, driving inflation and economic adjustments. In currency markets, the dollar showed signs of waning bearish strength, with the MACD hinting at potential bullish momentum, despite the RSI indicating overbought conditions. A dip below the previous swing low signals a possible momentum shift, though a recovery above 107.834 could reignite bullish sentiment. Global forex patterns show that similar situations have led to reversals in previous instances, signaling a potential entry point strategy for traders watching key levels.

GBPUSDThe British Pound (GBPUSD) gained strength initially but is losing momentum, with fading MACD signals and a bearish RSI suggesting a potential downward continuation after testing 1.24754.

AUDUSDThe Australian Dollar (AUDUSD) broke above consolidation but stalled, with indecisive MACD and RSI signaling caution.

NZDUSDSimilarly, the New Zealand Dollar (NZDUSD) showed a brief breakout before retreating, with bearish momentum likely to drive further declines unless buying intensifies.

EURUSDThe Euro (EURUSD) surged above its swing high, indicating potential bullish momentum, but RSI divergence and declining MACD volume hint at a retracement near 1.03311 before further gains.

USDJPYThe Japanese Yen (USDJPY) weakened, climbing beyond 157.720, though lagging indicators suggest a possible return to consolidation.

USDCHFThe Swiss Franc (USDCHF) breached its swing low, with MACD indicating bullish momentum, though overbought RSI conditions hint at a reversal and a bearish outlook.

USDCADThe Canadian Dollar (USDCAD) dipped below its consolidation boundary, with weakening bearish momentum and oversold conditions pointing to a likely bullish continuation after stabilization.

COT Report AnalysisAUD – WEAK (5/5) GBP – STRONG (5/5) CAD – WEAK (5/5) EUR – WEAK (5/5) JPY – WEAK (5/5) CHF – WEAK (5/5) USD – STRONG (3/5) NZD – WEAK (5/5) GOLD – STRONG (4/5) SILVER – STRONG (4/5)

[googleblogs123]

Forex Market Trends and Key Trading Indicators This Week

Market Overview

This week, economic data releases will impact global forex markets. In Australia, the Reserve Bank of Australia (RBA) will announce its Cash Rate decision, with little chance of a rate cut. U.S. inflation and labor market data will dominate the headlines, including the Consumer Price Index (CPI) report on Wednesday. Canada’s Bank of Canada (BOC) will also release its rate decision on Wednesday, while the Swiss National Bank (SNB) and the European Central Bank (ECB) will make announcements on Thursday. The UK will release GDP data on Friday. For in-depth market updates, visit Rich Smart FX.

Market Analysis

GOLD

Prices remain stagnant, with limited support and a bearish outlook due to a stronger U.S. dollar. Technical indicators show mixed signals, with MACD gains but low momentum, suggesting a period of consolidation. Learn more about gold trading strategies at GFS Markets.

SILVER

After a brief rally, silver faces selling pressure. The MACD shows strengthening bearish momentum, and the RSI remains flat, indicating potential further declines. For silver market insights, check out DBGM FX.

DXY

The U.S. dollar weakened after falling below 105.840. Despite short-term weakness, the dollar is expected to recover in the long term, with bullish momentum reflected in technical indicators. Gain insights into currency trading at Axel Private Market.

GBPUSD

The British pound is strengthening, driven by expectations of a U.S. rate cut. While technical signals are mixed, underlying buying momentum suggests potential gains for the pound. Explore more at Top Max Global.

AUDUSD & NZDUSD

Both the Australian and New Zealand dollars are facing significant selling pressure, with MACD showing increasing bearish momentum and RSI indicating weak buying interest. For real-time forex analysis, visit World Quest FX.

EURUSD

The euro faces selling pressure, but oversold conditions could lead to a short-term reversal. Traders are watching for buying continuation based on technical signals. For trading platforms comparison, check Rich Smart.

USDJPY

The USD/JPY pair shows consolidation, with low momentum ahead of the Bank of Japan’s rate decision in December. Learn effective strategies for yen trading at Axel Private Market.

USDCHF

The Swiss franc has gained strength against the U.S. dollar, though overbought conditions suggest a potential pause in the rally.

USDCAD

The Canadian dollar remains strong, but caution is advised as it approaches overbought levels.

COT Report Analysis

AUD - STRONG GBP - STRONG CAD - WEAK EUR - WEAK JPY - STRONG CHF - WEAK USD - WEAK NZD - WEAK GOLD - STRONG SILVER - STRONG

This analysis highlights key forex market trends and trading indicators for the week ahead, helping traders assess entry and exit strategies and make informed decisions. For additional trading tools and resources, visit Rich Smart FX.

[smartfx]

Daily Market Analysis | Smartfx

EURUSD

Bias:Bearish

We look to Sell at 1.1025 with target prices of 1.0944 and 1.0910, and a stop price of 1.1065

Confidence: 40%

Technical Analysis

After strong selling pressure at the start of the week the pair consolidated yesterday with little net change and all price action within the lower half of the previous day's range. Levels close to the 61.8% pullback level of 1.0944 found buyers. There is no clear indication that the downward move is coming to an end. There is scope for mild buying at the open but gains should be limited. The medium term bias is neutral.

Resistance 1

1.1025

Resistance 2

1.1075

Resistance 3

1.1209

Support 1

1.0944

Support 2

1.0896

Support 3

1.0778

GBPUSD

Bias:Bullish

We look to Buy at 1.3040 with target prices of 1.3240 and 1.3300, and a stop price of 1.2990

Confidence: 60%

Technical Analysis

The primary trend remains bullish. The previous swing low is located at 1.3000. We look for a temporary move lower. Preferred trade is to buy on dips. Bespoke support is located at 1.3040.

Resistance 1

1.3170

Resistance 2

1.3240

Resistance 3

1.3300

Support 1

1.3040

Support 2

1.2990

Support 3

1.2960

EURCHF

Bias:Bearish

We look to Sell at 0.9430 with target prices of 0.9335 and 0.9305, and a stop price of 0.9455

Confidence: 60%

Technical Analysis

Trading has been mixed and volatile. We look for a temporary move higher. The hourly chart technicals suggests further upside before the downtrend returns. Preferred trade is to sell into rallies. Bespoke resistance is located at 0.9430.

Resistance 1

0.9430

Resistance 2

0.9450

Resistance 3

0.9480

Support 1

0.9370

Support 2

0.9340

Support 3

0.9310

USDJPY

Bias:Bullish

We look to Buy at 146.55 with target prices of 152.00 and 155.15, and a stop price of 145.05

Confidence: 20%

Technical Analysis

Closed the day little net changed. Buying posted in Asia. We are trading at overbought extremes. A Fibonacci confluence area is located at 155.15. Preferred trade is to buy on dips.

Resistance 1

149.00

Resistance 2

152.00

Resistance 3

155.15

Support 1

146.55

Support 2

143.55

Support 3

141.65

Gold

Bias:Bearish

We look to Sell at 2637.5 with target prices of 2592.5 and 2582.5, and a stop price of 2655.5

Confidence: 60%

Technical Analysis

Short term bias has turned negative. Previous support level of 2635 broken. Previous support at 2635 now becomes resistance. The bearish engulfing candle on the 4 hour chart is negative for sentiment. 50 4hour EMA is at 2639.8. Preferred trade is to sell into rallies.

Resistance 1

2624.3

Resistance 2

2635.0

Resistance 3

2650.0

Support 1

2604.8

Support 2

2590.0

Support 3

2570.0

WTI

Bias:Bullish

We look to Buy at 73.07 with target prices of 77.92 and 80.00, and a stop price of 71.57

Confidence: 20%

Technical Analysis

Selling pressure from 79.09 resulted in all the initial daily gains being overturned. Intraday, and we are between bespoke support and resistance 73.07-77.92. Dips continue to attract buyers. The bias remains mildly bullish but there is scope for a move in either direction at the open. The medium term bias is neutral.

Resistance 1

77.92

Resistance 2

80.00

Resistance 3

88.00

Support 1

73.51

Support 2

73.07

Support 3

67.11

Disclaimer:

This email, including any attached analyses, data, and visual content, is shared with you "as is," without any guarantees, either expressed or implied. As a third-party broker, we wish to clarify that while the information originates from sources deemed reliable, such as materials under the Signal Centre brand managed by PIA-First (an entity regulated by the FCA, license FRN 787261), we do not provide any warranty for its accuracy or completeness. Furthermore, this communication should not be interpreted as investment advice, a recommendation, or an offer to engage in securities transactions. It is crucial for recipients to conduct their own due diligence, remain informed about current market conditions, and consider seeking advice from independent financial advisors before making investment decisions. Trading involves substantial risk, including the possibility of losses exceeding your initial investment. We urge caution and recommend consulting with a professional advisor to mitigate potential losses and navigate the complexities of financial markets responsibly.

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[accapitalmarket]

FX outlook: A submissive USD meets alpha AUD, JPY tumbles

The US markets were closed on Monday due to Labor Day holiday. During the shortened trading day of futures, traders found that both trading volume and price fluctuations were significantly lower than average. Therefore, today we turn our attention to the forex market.

After a two-month consecutive decline, the U.S. Dollar Index (DXY) finally found a short-term bottom at the support level of 100.357 and has recently rebounded, driven by solid U.S. economic data.

In last Wednesday night's "Financial Frontline" webinar hosted by the Research Department, I once again emphasized the fundamental change in market pricing rules, which also signifies a 180-degree shift in the dollar pricing logic. Good economic data is no longer bearish because the inflation problem has become a thing of the past. Thus, solid economic growth data is no longer a reason for investors to price in continuous Fed rate hikes or to keep rates high for an extended period. On the contrary, robust economic data is the most crucial prerequisite for a soft landing of the U.S. economy.

Therefore, good data is the driving force behind the stock market's rise and the dollar's moderate rebound, and this is the pricing and analysis logic that investors must quickly adapt to.

This week's series of significant U.S. economic data will naturally be the core drivers of the forex market, the stock market, and major assets like gold: the two sets of U.S. PMI data on Tuesday and Wednesday, the import and export and trade balance data on Wednesday, the job openings report on Thursday, and most importantly, the non-farm payroll data on Friday.

From a technical analysis perspective, the dollar's rebound has caused varying degrees of pullback in non-dollar currency pairs, with the yen showing the most noticeable decline. USDJPY rebounded from the support level of 143.691 and, after breaking through the resistance level of 145.942, has now reached below 146.921.

The euro and pound exhibited similar movements, with EURUSD and GBPUSD both pulling back after consecutive rallies in recent periods. However, the downward channels and downward trendlines that emerged during the pullback have slowed significantly. Traders can look for short-term breakout opportunities using the key levels in the charts below, along with this week's important economic data.

Among the non-dollar currency pairs, the Australian dollar remains the strongest, having recently shown the most significant gains. AUDUSD recorded a 7% rebound within a month and briefly broke through the 0.68 mark, but it has since pulled back to a certain extent. However, it still remains above the support level of 0.67535, forming a range-bound movement between this level and the upper resistance level of 0.67971. Traders should pay attention to the Australian export data to be released at 11:30 AM (Beijing time 09:30) this morning.

If the data exceeds expectations, the Australian dollar could gain more upward momentum.

Disclaimer:

The information contained in this market commentary is of general nature only and does not take into account your objectives, financial situation or needs. You are strongly recommended to seek independent financial advice before making any investment decisions.

Trading margin forex and CFDs carries a high level of risk and may not be suitable for all investors. Investors could experience losses in excess of total deposits. You do not have ownership of the underlying assets. AC Capital Market (V) Ltd is the product issuer and distributor. Please read and consider our Product Disclosure Statement and Terms and Conditions, and fully understand the risks involved before deciding to acquire any of the financial products provided by us.

The content of this market commentary is owned by AC Capital Market (V) Ltd. Any illegal reproduction of this content will result in immediate legal action.

[mutange12]

GBPUSD Tuesday forecast

Technical Analysis: The technical indicators from various sources suggest a bullish sentiment for GBP/USD. Moving averages, RSI, and other indicators like STOCH, MACD, and CCI are showing buy signals, with some indicators like STOCHRSI and Williams %R indicating overbought conditions but still within a bullish context. This suggests that while the pair might be due for a slight correction or…

[googlesblogs777]

 Analyzing the COT Reports: Understanding Market Trends Amid Global Events

The Commitments of Traders (COT) report is an essential tool for traders looking to understand market sentiment and position themselves effectively. Let's dive into the recent geopolitical and economic events shaping these trends and their potential implications on trading and the markets.

Market Overview

Recent global events have significantly influenced market prices. Key developments include:

Israel-Hamas Ceasefire Talks: Multiple failed attempts at peace talks, with recent negotiations collapsing after an Israeli bombing of a safe zone.

Ukraine-Russia Peace Efforts: Hosting a peace summit aiming for resolution.

Global Cyber Outage: Windows experienced a major outage affecting various sectors.

US Election Dynamics: Trump's dominance in polls and potential win have stirred market reactions.

Today, we will focus on the Israel-Hamas conflict and its market implications.

The Israel-Hamas Conflict

The conflict between Israel and Hamas has intensified, with peace talks repeatedly failing. Recently, the US proposed a deal seemingly accepted by Hamas until Israel’s actions disrupted negotiations. Questions arise about Netanyahu's intentions as his regime nears its end, with his cabinet showing reluctance to surrender or negotiate.

Public sentiment in Israel is shifting, with rallies demanding a peace treaty and the release of hostages. India has also called for peace, yet the global reaction remains muted.

Economic Implications

1. Increased Demand for Military Assets: The ongoing conflict raises demand for armaments, impacting prices of metals like silver, palladium, and gold, essential in creating military necessities.

2. Safe-Haven Assets: Rising unrest boosts demand for safe-haven assets. Gold, a traditional safe-haven, has seen price increases, influenced by multiple factors including geopolitical tensions.

3. Oil Prices: Disruptions in oil supply due to conflicts can increase oil prices, affecting global markets. This could slow the global economy or cause asset price declines. Conversely, oil companies might see growth in sales and stock prices.

4. Alternative Energies and Technologies: Investors might shift focus towards growth in alternative energies and technologies amid rising military conflicts.

5. Medical Field Growth: Increased demand for medical supplies and technologies is another potential growth area, driven by the need for advancements in war-related medical technologies.

6. Military Technologies: Kyiv’s development of AI-enabled war drones highlights the rising importance of AI in military applications.

Further Considerations

Iran's potential involvement in the conflict could escalate tensions, impacting global markets further. The US response, particularly under a potential Trump presidency, could also influence market stability. Monitoring Netanyahu’s strategies and the broader geopolitical landscape will be crucial for traders.

Upcoming Financial News

Key financial events this week include:

U.S., Europe, and U.K.: Manufacturing and Services PMI on Wednesday.

BOC Rate Statement: Insights into Canada's economic direction.

U.S. Advance GDP q/q: Data release on Thursday, along with unemployment claims.

Core PCE Index m/m: U.S. report to conclude the week.

Commodity Analysis

Gold: Gold prices surged last week due to expectations of a FED rate cut in September. Despite a technical correction, gold remains at a high, with potential for new records. Current price: $2401.779.

Silver: Silver saw a price decline, now testing $29.018. Analysts expect a significant rise as Israel’s attacks continue, and a potential Trump win could further boost silver prices.

Currency Analysis

DXY (Dollar Index): The dollar is consolidating, favoring a bearish trend. Expected to drop further within the next two weeks.

GBPUSD: The pound shows strength, finding demand beyond 1.28508. We anticipate further bearish runs, presenting buying opportunities.

AUDUSD: The Aussie dollar remains bullish, despite potential consolidation until the FED rate cut announcement. Firms are repositioning, indicating continued bullishness.

NZDUSD: The Kiwi may weaken further due to RBNZ rate cut expectations. Monitoring price movements closely is advisable.

EURUSD: EUR strength persists, with technical corrections expected before continuing its rise. Watch for price changes around 1.08541.

USDJPY: The Yen’s ascent is slowing, with potential further wins. However, intervention from BoJ remains a factor.

USDCHF: CHF shows increased strength, testing 0.88868, with bearish structures likely to continue.

USDCAD: CAD remains weak, with potential further declines. BOC’s interest rate decisions will be crucial.

Conclusion

Understanding these market trends and geopolitical dynamics is essential for effective trading strategies. Monitoring upcoming financial events and global developments will provide further insights into market movements. Stay informed and ready to adjust your strategies accordingly.

[feedyourmind1031]

Currency Analysis: Market Outlook by Rich Smart Finance

As we look forward to the core PCE data release this Friday, the market is showing signs of relief from the dollar's weakening trend. Gains are evident across various sectors, including metals, crude, Brent oil, and equities, with the NASDAQ achieving record highs. Yields are also decelerating. Our primary focus remains on the upcoming core PCE data, which will shape our market strategies and responses.

Gold

Gold has recorded gains following the latest COT report. Traders have seized the chance to make small profits ahead of the PCE results. Currently, gold is trading above 2332.174 and is nearing a test of 2365.443.

Silver

In the previous market close, silver lacked the momentum and supply to fall below 29.900. The market has since rebounded strongly to 30.938, preparing for the core PCE data release on Friday.

DXY (Dollar Index)

The dollar is reflecting traders' sentiment ahead of the core PCE data release. If the PCE result is 0.30 or higher, the FED and policymakers might adopt a more hawkish stance, potentially limiting rate cuts to only one by year-end. A PCE result of 0.27 or lower could relieve market pressures, allowing equities and metals to strengthen as the dollar stabilizes. Currently, the dollar is trading just below 104.607 after being strongly rejected at 105.071.

GBPUSD

GBPUSD has edged closer to 1.27038 as expected. We maintain our bullish outlook for this pair while awaiting further price action.

AUDUSD

The AUDUSD market is showing a bullish trend technically as structures hold up. We are watching to see if 0.66541 will act as resistance or if the currency will break higher. Notably, there is a head and shoulders (SHS) pattern forming on the 1-hour timeframe.

NZDUSD

NZDUSD has broken above the 0.61408 range and continues to exhibit bullish momentum on the technical charts. We expect this upward movement to persist unless price action suggests otherwise.

EURUSD

EURUSD has returned within its range, trading above 1.08541 after failing to break below the trendline. We now anticipate the price to rise towards 1.08950, showing confidence in the established support.

USDJPY

Following the BoJ hearing, the Yen has gained strength and momentum, albeit gradually. Governor Uchida emphasized the aim to re-anchor inflation expectations despite challenges in estimating neutral interest rates accurately. With wages likely to continue rising and external pressures from potential US rate cuts, Japan faces mixed influences on its currency. We expect further market interventions for Yen pairs and await additional inflation data to gauge the economy's impact.

USDCHF

The Swiss Franc (CHF) has regained strength, winning against the dollar at 0.91580 and pushing the price lower towards 0.91329. The structure now shows a bullish sentiment, but we await further confirmation. The price is likely to hold above 0.91807 or potentially fail, which would influence our bias accordingly.

USDCAD

The USDCAD market has rejected a move towards key structures, falling aggressively below 1.36563 and potentially testing 1.36052. The bearish structure remains intact, with continued selling pressure in the market.

At Rich Smart Finance, we remain vigilant and adaptive, closely monitoring these key indicators and market movements as we approach the core PCE data release.

[auvoriaprime]

What Are the Most Important Details for Trading GBPUSD?

When trading GBP/USD (Great British Pound/United States Dollar), there are several important details to consider. Here are some key factors that can significantly impact GBP/USD trading:

Economic Indicators: Pay attention to economic indicators from both the UK and the US. This includes indicators such as GDP growth, inflation rates, interest rates, employment data, and consumer sentiment. These indicators can affect the value of each currency and, consequently, the GBP/USD exchange rate.

Monetary Policy: Keep an eye on the monetary policy decisions of the Bank of England (BoE) and the US Federal Reserve (Fed). Changes in interest rates, quantitative easing programs, or forward guidance can influence currency values and impact the GBP/USD pair.

Political Developments: Political events, such as general elections, referendums, and government policies, can have a significant impact on currency movements. Stay informed about major political developments in both the UK and the US and assess their potential effects on the GBP/USD exchange rate.

Brexit: Given the UK's departure from the European Union (EU), any news or updates related to Brexit negotiations, trade deals, or regulatory changes can affect the value of the British pound. Be aware of the latest developments and their potential impact on GBP/USD trading.

Market Sentiment: Sentiment and market psychology can influence the GBP/USD pair. Monitor market trends, investor sentiment, and news sentiment surrounding the British pound and US dollar. Factors like risk appetite, geopolitical tensions, and global economic conditions can sway market sentiment.

Technical Analysis: Utilize technical analysis tools and chart patterns to identify trends, support, and resistance levels, and potential entry and exit points. Technical analysis can help you make informed trading decisions and manage risk effectively.

Volatility and Liquidity: GBP/USD is one of the most actively traded currency pairs, characterized by high liquidity and volatility. Stay aware of major economic releases, central bank announcements, and unexpected news events that can trigger significant price movements.

Join Auvoria Prime today and learn how to trade Forex, and with GBDUSD!

Sign-up link:

[gambitaibot]

GBP/USD Price Forecast: Cable Bounces from Oversold Territory as UK Retail Sales Recover

GBP/USD PRICE, CHARTS AND ANALYSIS:

Cable Holding onto Asian Session Gains around 1.2350.

UK Retail Sales Rebound Following a Rain Affected March Figure.

RSI Entered Oversold Territory Supporting a Deeper Retracement.

The UK recorded a hot inflation print this week with hawkish repricing of the Bank of England’s (BoE) peak rate probabilities unable to arrest Cables slide as persistent US dollar strength continued. GBPUSD has enjoyed a decent bounce in the Asian session from lows around the 1.2300 mark, currently trading at 1.2340. Much like the rest of the week the question remains whether cable can hold onto its gains as the day progresses.

UK RETAIL SALES

Source: ONS, Retail sales, Great Britain: April 2023

*NOTE: The graph above shows the contributions to the 0.5% month-on-month rise in overall retail sales volumes (quantity bought) in April 2023.

US FACTORS AND EVENT RISK

The US dollar meanwhile which has largely been the driving force behind cables move continues to hold firm which should continue as long as a deal on the US debt ceiling remains unresolved. There has been some positive rhetoric but none that would suggest a deal is imminent with next week going to be key as the June 1 deadline approaches.

The day ahead will see focus shift to the all-important Core PCE data out of the US, which remains the Federal Reserves preferred gauge of inflation. This comes on the back of largely positive data out of the US yesterday with GDP Growth QoQ estimates beating forecast while initial and continuous jobless claims beat estimates as well. Another positive notch for the US on the labor front heading toward the June meeting.

TECHNICAL OUTLOOK AND FINAL THOUGHTS

On the daily timeframe GBPUSD has continued to tick lower toward the key 100-day MA resting around the 1.2280 handle. This morning’s bounce came as the pair entered oversold territory (14-Day RSI) hitting a high of around 1.2354.

Looking at the intraday potential for GBPUSD and the biggest worry remains the US factors mentioned above which could continue to cap any upside recovery. I do think we may find significant support and a potential bottom around the 100-day MA, but this would rest on the outcome of the PCE data. The range between 1.2360 and 1.2280 (100-day MA) could remain pivotal for intraday moves.

There is a possibility that we could see a continued recovery for the majority of the European session toward yesterday’s high around 1.2388 before a selloff heeding into the US session and data releases.

Key Intraday Levels to Keep an Eye Out For

Resistance levels:

1.2388

1.2448

1.2500

Key support levels:

1.2310

1.2280 (100-day MA)

1.2220

Source: TradingView

[starseedfxofficial]

The Overlooked Connection Between CHFJPY and Building Permits: A Forex Trader’s Secret Weapon Why CHFJPY Is the Market’s Hidden Goldmine Most traders chase after EURUSD, GBPUSD, or the ever-tempting XAUUSD, but what if I told you that CHFJPY is sitting in the VIP lounge of Forex opportunities, sipping a martini while everyone else fights over table scraps? Yes, CHFJPY—one of the most overlooked currency pairs—has a secret advantage that most traders fail to notice: a direct correlation with building permits. Yes, you read that right. Building permits. The seemingly mundane metric that determines future construction projects actually holds the key to unlocking a treasure trove of profitable trades in the CHFJPY market. Let’s break this down like a Wall Street pro with a dash of humor and a sprinkle of elite tactics. What Do Building Permits Have to Do with CHFJPY? (And Why Should You Care?) Imagine you're a detective, hunting for clues that predict price movement. One of the most underrated economic indicators is building permits—a forward-looking metric that gives insight into economic health before the effects even hit GDP or employment data. Here’s Why This Matters: - Building Permits Signal Economic Expansion or Contraction - More permits? More future construction = stronger economy. - Fewer permits? Economic slowdown = potential recession vibes. - Switzerland vs. Japan: Two Economic Giants in Very Different Realms - Switzerland (CHF): Known for its strong banking sector and a safe-haven currency status. - Japan (JPY): Often viewed as a funding currency, strengthened in times of uncertainty. - When building permits are rising, the global economy is expanding—CHFJPY tends to rise as investors move out of JPY (risk-off) and into CHF (growth-driven optimism). - When building permits fall, CHFJPY often declines as investors pile into JPY for safety. - Correlation with Interest Rates and Inflation - More building permits lead to higher economic activity, often triggering inflationary pressures. - Central banks react by adjusting interest rates, which directly impacts CHFJPY movement. - Switzerland’s SNB and Japan’s BOJ react differently to economic data, making this an unbelievable opportunity for traders who understand the dynamics. How to Trade CHFJPY Using Building Permits Data Like a Pro Most traders treat fundamental indicators like an annoying sidekick—useful but not that important. But elite traders? They know that economic reports like building permits are the real puppeteers behind major market moves. Step 1: Track Building Permits Data from Key Countries - U.S. (Affects global risk sentiment) - Japan (Direct JPY impact) - Switzerland (Affects CHF directly) Where to Get This Data: - TradingEconomics - U.S. Census Bureau - Bank for International Settlements (BIS) Step 2: Identify Divergence Between CHF and JPY Strength - If U.S. building permits are rising, global optimism kicks in → JPY weakens, CHFJPY rises. - If building permits are dropping, risk sentiment declines → JPY strengthens, CHFJPY falls. - Compare this with Swiss vs. Japanese economic policies—if one central bank is shifting toward tightening while the other is staying dovish, that’s a golden trading opportunity. Step 3: Combine Fundamentals with Technical Analysis Indicators to Use: - 200-day Moving Average (Spot long-term trends) - Fibonacci Retracement Levels (Identify key entry/exit points) - RSI & MACD (Confirm momentum shifts) - Volume Analysis (Watch for major volume spikes before trend continuation or reversal) Step 4: Execute Smart Risk Management - Use a free trading journal to track performance (Get yours at StarseedFX Trading Journal). - Apply proper lot sizing based on volatility (Optimize trades with the Smart Trading Tool). - Set stop-loss orders around previous swing highs/lows to prevent major losses. Case Study: CHFJPY & The 2008 Housing Crisis Let’s go back in time to one of the biggest financial collapses in modern history—the 2008 housing crisis. Building permits in the U.S. plummeted before the economy fully collapsed. Guess what else happened? JPY skyrocketed as risk sentiment vanished, and CHFJPY nosedived. Elite traders who understood the building permits’ predictive power shorted CHFJPY early and walked away with massive gains while retail traders were caught like deer in headlights. This isn’t a one-time phenomenon. The same pattern emerged in the 2020 pandemic crash, the 2015 Swiss Franc shock, and even during Japan’s lost decade. Building permits have always been a leading indicator of CHFJPY moves. Final Thoughts: How to Make This Work for You Most traders blindly follow the news, hoping for a lucky break. But the ones who understand deeper correlations—like how CHFJPY reacts to building permits—can stay ahead of the herd. ✅ Monitor U.S., Swiss, and Japanese building permits reports. ✅ Watch for divergence between CHF and JPY strength. ✅ Use technical analysis for precision entries and exits. ✅ Leverage automated tools like the Smart Trading Tool to streamline execution. In trading, the money isn’t in following the crowd—it’s in discovering hidden opportunities before they become obvious. CHFJPY and building permits? That’s one of them. —————– Image Credits: Cover image at the top is AI-generate Read the full article

[googleblogs123]

Forex Trading Methods and the Impact of Trump’s Presidency

The U.S. Economy Comeback: Adjusting Forex Trading Methods

With Trump’s victory, the market anticipates significant shifts in economic policies, including tax cuts and tariffs. These changes are expected to strengthen the U.S. Dollar, influencing various forex pairs. Traders will need to adapt their forex trading methods to navigate this volatile environment, particularly with increased demand for the Dollar and a potential sell-off in commodities like GOLD and SILVER.

FRIDAY NEWS: Incorporating Forex Risk Control Amid Uncertainty

Market data, including CAD employment figures and FED rate cuts, could lead to further volatility. For traders, incorporating forex risk control methods will be essential to manage risk and protect their investments. As the market reacts to these developments, careful monitoring and adjustment of strategies will be crucial.

Market Analysis: Analyzing Forex Market Trends for Profitability

GOLD – Leveraging Forex Scalping Strategies

Gold has weakened, mainly due to the strength of the Dollar. Forex scalping strategies could be ideal for short-term traders looking to take advantage of this price movement. While the market may experience short-term rallies due to geopolitical tensions, the overall bearish trend seems likely to persist.

SILVER – Monitoring Forex Market Trends for Potential Buy Opportunities

Silver is following a similar trend to gold, showing bearish momentum. However, the market may present buy opportunities for traders who use forex market trends to identify potential reversals, particularly when supported by key technical indicators like RSI and MACD.

DXY – Forex Signal Trading and Dollar Strength

The Dollar continues to show strength, supported by Trump’s policies. Forex signal trading strategies can be used to profit from this trend, with many expecting the Dollar to continue its upward trajectory, especially as the market reacts to the anticipated FED rate cuts.

GBPUSD – Adjusting Forex Risk Control to the Pound’s Volatility

The Pound has seen strength following the rate cut announcements, but traders should remain cautious of potential sell-offs. Monitoring forex risk control levels will be key in managing the heightened volatility and ensuring that traders can adjust quickly to shifts in market sentiment.

[capital-streetfx]

Technical Analysis Report Today | Forex News – 10 May 2021 | Capital Street Fx

Technical Analysis Report Today | Forex News – 10 May 2021 | Capital Street Fx

ASIAN MARKET:- Mainland Chinese stocks were down by the early morning. The Shanghai Composite was down by 0.31% to 3,408.86. Hong Kong’s Hang Seng Index was down about 0.51% to 28,490.75. Japan’s benchmark Nikkei average. Nikkei 225 is trading up 0.49 per cent at 29,502.63 on Monday , while the  Australian Index S&P / ASX 200 rose 0.95 per cent to 7,154.71. South Korea’s Kospi was up by1.66% to…

[mutange12]

GBPUSD Monday projection

Technical Analysis Overview: The GBP/USD pair has shown a mix of signals. While some indicators suggest a strong buy trend over the short term (like the 1 week rating), there’s also a noted neutral to bearish sentiment in other analyses. This indicates a potential for volatility or a consolidation phase. Sentiment from X Posts: There’s a varied sentiment among traders: Some posts suggest a…

[claramellor]

Dollar extends lower. GBPUSD above MAs again. EURUSD runs above 100 day MA

Dollar extends lower. GBPUSD above MAs again. EURUSD runs above 100 day MA

USDJPY falls toward 100 hour MA The USD has taken a moved to the downside after the ISM data. EURUSD: The EURUSD pushed back above its 100 day moving average and tested it 200 hour moving average of 1.20695. The high price just reached 1.2068. The 38.2% of the run lower from late Thursday’s high at 1.20569 and the 100 day MA at 1.20523 is now support as buyers take back more control. GBPUSD:…