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GBPUSD InsightWelcome, dear subscribers! Please feel free to share your personal opinions in the comments. Don’t forget to like and subscribe! Key Points - Several key figures at the Federal Reserve continue to make dovish remarks. Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, stated that “it might be appropriate to adjust the federal funds rate in the short term.” Federal Reserve Governor Lisa Cook noted that “large-scale revisions like those seen in the July jobs report typically occur when the economy is at an inflection point.” Susan Collins, President of the Boston Fed, commented that “the July employment data sent concerning signals.” - The White House revealed that Russian President Vladimir Putin has expressed interest in meeting with U.S. President Donald Trump. Foreign media report that Trump is pushing for a “three-way meeting” involving President Zelensky, following his potential meeting with Putin next week. Key Economic Event This Week + August 7: Bank of England interest rate decision GBPUSD Chart Analysis The GBPUSD pair eventually broke below the 1.34000 level, retreating to around 1.31500. Although it has since rebounded, it’s unclear whether the upward momentum will hold. To sustain the bullish trend, the pair must break through the 1.34000 resistance zone. If it succeeds, further gains up to the 1.37000 level are likely. However, failure to overcome this resistance could result in a further decline toward the 1.30000 level.
Short
by shawntime_academy
NZDUSD H4 | Bullish riseThe Kiwi (NZD/USD) has bounced off the buy entry which is a pullback support and could potentially rise from this level to the take profit. Buy entry is at 0.5926, which is a pullback support. Stop loss is at 0.5885, which is a swing low support. Take profit is at 0.5980, which is a pullback resistance that aligns with the 61.8% Fibonacci retracement. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC (tradu.com ): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by Tradu
USDCAD H4 | Potential bearish dropUSD/CAD is is rising towards the sell entry at 1.3758, which is an overlap resistance and could drop from this level to the downside. Stop loss is at 1.3758, which is an overlap resistance. Take profit is at 1.3692, which is a pullback support that aligns witht he 61.8% Fibonacci retracement. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC (tradu.com ): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by Tradu
USD, JPY, CHF. Plus a little psychology A fairly subdued start to the week kicked into life with some USD selling today. It's worth noting how much difference a week can make. Following chair Powell's press conference this time last week, I started to wonder if there would be 0 FED rate cuts for the rest of the year. Fast forward a few days and NFP data blew anything chair Powell said out of the water. Now the market is talking (erratically) about emergency rate cuts. Personally, my opinion is that a cut in September is very likely and a further cut before year end is 50/50. Ultimately, it doesn't matter what my 'medium term' view is. What matters is the here and now. I'm still of the opinion USD strength can be sold. Plus I think JPY shorts are viable....and, thanks to tariff woes, the CHF is back on my radar as a short option. Today at 11 am (UK time), post EUR retail sales data, EUR USD had upward momentum and I very nearly placed a EUR USD long trade. And actually, it was such a fine call that it was a rare occasion that no matter the decision I made (trade or not) I think I would have looked backed and still felt it was the correct decision in the moment. Ultimately, the fact it was only a few hours until US open swayed me to wait. A few hours later the 'potential' profit target had been hit and I'm currently waiting for a pullback before I think a USD short trade is viable. The psychology I'm trying to get across is ...trade or no trade, win or loss...it doesn't matter. This week I've 'missed an opportunity' and placed a trade that stopped out but eventually the price went to the original profit target. The underlying theme being that 'my bias was correct' . If your underlying bias is proven correct 'most of the time'. you will make money over a 12 month period. Regardless of each 'individual' decision you make. I realise that's easier said than done. Please feel free to email any questions:
by johnelfedforexblog
Bullish rise?AUD/JPY is reacting off the support level which is an overlap support and could bounce from this level to our take profit. Entry: 95.77 Why we like it: There is an overlap support. Stop loss: 94.92 Why we like it: There is a swing low support. Take profit: 97.22 Why we like it: There is a multi swing high resistance. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets