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DJ FXCM Index

Buy Gbp/Usd Bullish FlagThe GBP/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent formation of Bullish Flag pattern. This suggests a shift in momentum towards the Upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around the current price of 1.3100, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.3171 2nd Support – 1.3207 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_TA_TRADING
23
GBPUSD - Daily Bullish signsOANDA:GBPUSD has recently passed an important support zone, indicating potential for higher targets. After a clear pullback to the 1.2830 area, the pair is positioned for a further rise. The British Pound has been bolstered by a series of positive economic indicators and political stability. According to recent reports, analysts at Investec have raised their forecast targets for the Pound against the Dollar, driven by a more promising economic outlook and favorable political conditions in the UK. This aligns with the technical setup, where GBPUSD is poised for a continuation of its upward movement following the successful retest of the support zone. Overall, combining the technical and fundamental perspectives suggests a bullish outlook for GBPUSD, with potential for further gains as long as the support zone holds firm.
Long
by Sober_Trading
3
GBPUSD Strongest sell signal since MarchThe GBPUSD pair gave us an excellent sell entry exactly 1 month ago (July 23, see chart below) and easily hit our 1.2790 Target: Yesterday it reached the top of its 10-month Channel Up and technically that is the new Higher High and the strongest sell signal since March 08. That Higher High rejection initiated a Bearish Leg that bottomed just below the 0.618 Fibonacci retracement level from the previous Low. As a result, we expect a new medium-term correction (Bearish Leg) to extend to 1.26000 (just below the new 0.618 Fib). ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
2
USDJPY Strong buy opportunity long-term.The USDJPY pair has been trading within a long-term Channel Up since the October 17 2022 High. The recent 6-week correction below the 1W MA50 (blue trend-line) is its technical Bearish Leg in order to price new Higher Low. The pull-back even broke below the 1W MA100 (green trend-line) but recovered as it didn't close a 1W candle below it and now the price action has settled within the 1W MA50 and MA100. If we do get a 1W candle closing below the MA100, wait for a buy near the bottom of the Channel Up, with the least risky buy being after the 1W MACD makes a Bullish Cross (has confirmed the last 2 major long-term rallies). If it breaks above the 1W MA50 first though, the 1W MACD will most likely also complete its Bullish Cross earlier, so we will buy nonetheless, even though the reward potential will be less. In either case, our Target is Resistance 1 (as it was on the rally that peaked on the week of November 13 2023) at 161.800. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
Shift in Carry Trades: Hedge Funds Embrace USDTRYA Shift in Carry Trades: Hedge Funds Embrace the US Dollar The once-dominant Japanese yen has historically been the preferred currency for carry trade strategies, where investors borrow low-interest-rate currencies to invest in higher-yielding ones. However, a significant shift is underway, as hedge funds increasingly turn to the US dollar as their borrowing currency. This strategic change is driven by a confluence of factors, including the US Federal Reserve's monetary policy stance, the weakening Japanese yen, and the allure of emerging-market currencies. The Allure of Emerging-Market Currencies Emerging-market currencies have long been a focal point for carry trade strategies, offering the potential for substantial returns. The relatively high interest rates in these economies, coupled with their often-growing economies, make them attractive investment destinations. However, the choice of borrowing currency plays a crucial role in determining the overall risk-reward profile of such trades. The Yen's Diminishing Appeal The Japanese yen has traditionally been a popular choice for carry trades due to its historically low interest rates. However, a combination of factors has eroded its appeal in recent years. The Bank of Japan's ultra-loose monetary policy, aimed at stimulating the economy, has kept interest rates exceptionally low. Moreover, the yen's weakness against other major currencies has increased the risk of exchange rate losses for investors who borrow in yen. The Rise of the US Dollar The US dollar, once a less common choice for carry trades, has gained prominence as a borrowing currency. Several factors have contributed to this shift. First, the US Federal Reserve's more hawkish monetary policy, characterized by interest rate hikes and a reduction in quantitative easing, has made the dollar a relatively higher-yielding currency. Second, the dollar's strength against other major currencies has reduced the risk of exchange rate losses for investors who borrow in dollars. The Case of USDTRY One notable example of the shift towards US dollar-funded carry trades is the USDTRY pair. The Turkish lira, with its relatively high interest rates, has been a popular target for carry trade investors. However, the increasing political and economic uncertainties in Turkey have made the lira a riskier investment. By borrowing in US dollars, investors can potentially benefit from the interest rate differential while mitigating some of the risks associated with the Turkish lira. Challenges and Considerations While the US dollar-funded carry trades offer potential benefits, they are not without risks. The US Federal Reserve's future monetary policy decisions, geopolitical events, and economic fluctuations in emerging markets can all impact the profitability of these trades. Additionally, the increasing popularity of carry trade strategies can lead to market volatility and potential reversals. Conclusion The shift in carry trade strategies from the Japanese yen to the US dollar represents a significant development in the global financial markets. As emerging-market currencies continue to offer attractive investment opportunities, the choice of borrowing currency will remain a critical consideration for hedge funds and other investors seeking to capitalize on these trends. While the US dollar has gained prominence, the potential risks and challenges associated with carry trades should be carefully evaluated before making investment decisions.
Long
by bryandowningqln
AUDUSD Excellent sell opportunity approaching.The AUDUSD pair is approaching the 1-year Resistance Zone that has been in effect since June 2023 and has to this date priced 4 rejections. As long as the 1W MA200 (orange trend-line) holds, the market will continue to apply extreme selling pressure every time the price hits that Zone. Wait for the most optimal sell entry on this level and target the top of the Support Zone at 0.63650. Notice also how perfectly the 1W RSI has been trading within a Rectangle and is also approaching its top, i.e. the most optimal long-term sell entry. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1
Bearish Intraday Momentum in DXY: UPDATEUS released better than expected data and pushed the market up into the next resistance zone. one more chance for shorts but if 103.35 breaks its time to rethink the bearish bias "DXY is showing bearish momentum in the intraday charts, with the price encountering resistance and struggling to maintain recent highs. The indicators reflect a downward trend, signaling potential weakness ahead. This setup could lead to further declines if the current momentum persists. Let’s keep a close eye on the developments!"
TVC:DXYShort
by trader9224
EURUSD Excellent long-term reward if you sell here.The EURUSD pair has broken above its 1W MA200 (orange trend-line) for the first time in more than 1 year (since the week of July 17 2023). With this move it entered the (red) Resistance Zone of the practically Rectangle pattern that it has been trading in for more than 1.5 years. Technically, the above conditions offer a great opportunity to sell for the long-term as during this time, the pair has been rejected here two times and once on the absolute Resistance 2 level (1.12750). As a result we will use two short positions on EURUSD, aiming to close them on profit at the end of the year. All prior rejections hit at least the 0.786 Fibonacci retracement level, so our Target will be slightly above it at 1.06650. From all angles, this opportunity offers solid Risk/ Reward conditions. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1
EUR/USD: Key Supply Zones to Watch for Potential ReversalsThe EUR/USD pair has extended its upward momentum, reaching new highs for 2024, currently hovering around 1.1077 as I write this. This surge is largely attributed to the persistent weakness in the US Dollar (USD), which has been on the back foot in recent sessions. Expectations around the upcoming Consumer Price Index (CPI) release have shifted market sentiment. While there was initial speculation of a half-point rate cut by the Federal Reserve next month, the chances of such a significant cut have diminished. Instead, a more modest rate reduction now seems more likely, especially in light of better-than-anticipated outcomes from other critical US economic indicators. Looking forward, the release of the Federal Open Market Committee (FOMC) Minutes is anticipated to be the key event this week. However, market participants will also keep a close eye on Fed Chair Jerome Powell’s speech at the Jackson Hole Symposium and the testimony of Bank of Japan (BoJ) Governor Kazuo Ueda before Parliament. These events could offer further insights into the future direction of monetary policies, influencing the USD and, by extension, the EUR/USD pair. From a technical perspective, the EUR/USD has approached a critical Supply area, where we observe a significant concentration of retail traders maintaining long positions, while commercial players have reduced their exposure. Given the current sideways market conditions, this Supply zone could be pivotal. A reversal may occur here, leading to a potential decline in the pair. However, if the price does not reverse at this level, the next key Supply area to watch would be around 1.1175. This level could become the next focal point for traders looking to identify potential turning points in the market. ✅ Please share your thoughts about EURUSD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
1
DXY Big Long Momentum Ahead ?!The Dollar Index (DX1!) has been in an uptrend since the spring-summer of 2008, when it reached its lowest point. Since October 2009 (after the first leg down of the uptrend), whenever the net positions of retailers in the CoT report turn negative (or approach zero) AND retailers reach an extreme low in the CoT index (either in the short-term OR long-term), a significant run-up typically follows. Please note that these are weekly charts. The only exception was in June 2020, when the price continued to decline until later that year in December, which ultimately led to a substantial 2-year uptrend. At the same time, the 5, 10, and 15-year seasonality indicators show that we are currently at the bottom, which is expected to last until the end of September, suggesting an uptrend. Additionally, there is a weekly demand zone ahead around 101.400 - 100.320. If enough participants join in, a significant run-up is expected. The fundamentals are in place; we just have to wait and see if the demand zone holds. BE AWARE, this is the Dollar Index, which means all other major currencies, especially EURUSD, will be affected if this scenario plays out.
ICEUS:DX1!Long
by XardasX
1
DXY Bullish this week from 101.200?The DXY is currently in an 8-hour imbalance, which could give us an initial bullish reaction. Although price has already broken structure to the downside and shown strong bearish pressure, I expect this bearish momentum to weaken. Once price reaches the 14-hour demand zone, I will be looking for a stronger bullish reaction back up. If price retraces from either of these zones and moves back to the daily supply, I will then expect the bearish order flow for the dollar to continue. Since this is a clear bearish price structure, any upward movement will likely be short-term and temporary until the daily supply zone is mitigated. This aligns with my analysis for GBP/USD (GU) and EUR/USD (EU), where I'm looking for short-term sells before entering buy positions. Similarly, for the dollar, I'm expecting a small upward move before it continues its decline. Have a great trading week, everyone!
TVC:DXYLong
by Hassan_fx
JPY, key to all other indexesJPY vs USD, key to the other index developments. As long as it holds its trendline, JPY will remain week vs the other global currencies, Japan exports will hold, carry trade arbitrages won't unwind, US bonds will not sell off (rising yields), volatility will remain contained. But if it breaks and doesn't hold the 139JPY/$, we could witness how algos start dumping US and Euro shares and bonds. Rising JPY should also affect the Nikkei 225, retaking the path to 30k
Short
by j_arrieta
2