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Analysis on CADJPY [ 27 February 2024]good day fellow viewer. I am new to this youtube thing so I'll just be posting my analysis on certain pairs everyday. I am not an expert or a pro, I just enjoy analysing charts. Please enjoy and also enjoy the upcoming videos. I don't provide financial advice or sell anything. All the videos will just be my personal thoughts on which direction price will go. These are not signals but you can use my videos as an idea. You are all free to share your thoughts in the comment section. Please like the videos and subscribe. Thank you. #Forex #forextrading #cadjpy #trading #falconfx #money
by bandile10luthuli
Audusd up down but good for seller read the caption The AUD is not alone in moving higher vs the USD today. The USD is lower after US retail sales came in weaker than expectations. However, for the pair, although it did move higher, it did reach a resistance target defined by a swing area near 0.6513 and the 100-day moving average of 0.6531 The price reached between those two levels before rotating back to the downside. The current price trades at 0.6501 The next target on the downside comes at the 61.8% retracement of the move up from the October low. A level comes in right below the natural level of 0.6501. If broken, it would give the sellers more confidence that a potential high is in place.
Short
by Mrsam36
2
Bitcoin show us to hit 80k 90k read the caption The ensuing seller momentum could send Bitcoin price south, with a forecasted 10% fall to test the supply zone turned bullish breaker between $45,553 and $46,692 A break and close below the midline of this order block at $46,165 would confirm the continuation of the downtrend Nevertheless, if this order block holds as support, Bitcoin price could pivot for a bounce that would see BTC market value provide a buying opportunity before the next
BITSTAMP:BTCUSDLong
by Mrsam36
4
Xauusd big sell dips below 2000 read the caption Gold according to the 4-hour chart, XAU/USD lost momentum but holds on to gains, limiting the risk of a steeper slide. The 20 SMA heads firmly north, far below the current level, reflecting the ongoing momentum,  while the longer moving averages remain directionless. XAU/USD hovers around a flat 200 SMA. Technical indicators, in the meantime, eased from near overbought readings, reflecting the ongoing retracement rather than suggesting
OANDA:XAUUSDShort
by Mrsam36
4
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