The U.S. dollar is likely to strengthen against the Australian dollar , driven by robust economic growth in the United States. This setup aligns with a weekly swing trade rather than a long-term position. ??
Good Morning - Another Trade - May be a diamond in the rough - Quad Bottoms throughout the year into a annual consolidation move (Typical means a big trend change is coming). Volume rising since 22' and almost in the bullish category. Have a great day!
OANDA:USDMXN is approaching a key resistance level, a zone where sellers have previously stepped in to drive prices lower. If the resistance holds and a rejection occurs, the market could see a short-term pullback toward the 20.62025 level, a logical target based on recent price swings and momentum shifts. Traders should watch for confirmation patterns such as bearish candlesticks or rejection wicks at the resistance level. This could signal a potential move lower. Conversely, a break above this resistance would invalidate the bearish scenario and could indicate continued bullish momentum. This setup presents a potential short-term opportunity. Feel free to share your insights or alternate perspectives in the comments below!
Here or at lower ranges and levels, one can expect an increase and buy to reach higher targets.
The week started badly for the Germany 40 index as it was dragged lower by the sharp dip in market sentiment created by the fears around Chinese artificial intelligence DeepSeek’s potential impact as a disruptor in the AI space. However, that early Monday drop to lows at 21,078 didn’t last long, with strong earnings updates from SAP (No.1 weighting in index) which saw the stock to print new all-time highs, and Siemens (No.3 weighting in index), helping to reverse the falls and start a rebound that has seen the Germany 40 register yet another record high at 21,791. Not only that, the ECB cut interest rates for the Eurozone, as expected by 25bps (0.25%) to 2.75% on Thursday, and President Lagarde maintained the central bank’s dovish stance, suggesting risks to growth are tilted to the downside and that inflation will fluctuate before settling around the central banks 2% target, while indicating policymakers remained open to more interest rate cuts, if incoming data between now and the next meeting on March 6th supported it. So, looking forward, it seems that the macroeconomic backdrop may be more settled for the Germany 40 index, although excessive long positioning could be a catalyst for a correction at some stage. What do the technicals say? Technical Update: Germany 40 Index The current phase of price strength continues to be seen within the Germany 40 index, a move that has consistently posted new all-times. Of course, this means the index is now trading in uncharted territory, where it can often be difficult to establish the next valid resistance levels. That said, technical analysis can help in this regard. By using Fibonacci extensions of recent price weakness, we can project potential resistance points, on which traders may be focusing. This doesn’t guarantee sellers being found at these levels, but it is worthwhile to be aware of these possible resistance levels over coming trading sessions. Resistance: Fibonacci Extensions Calculating extension levels using the last price correction seen between the December 13th high at and the December 20th low at, indicates that traders may now watch how resistance at 21780, the 138% extension level is defended, as this may be an area at which fresh sellers emerge again. https://www.tradingview.com/x/uY2w7DYW/ However, while much depends on future price trends, a break higher above this level on a closing basis may result in further price strength towards 22005, which is the 162% extension level, or even 22350, which is the higher 200% extension. Support: What is the Germany 40 was to dip from here? Of course, just because an asset is posting new all-time highs, doesn’t mean that price strength can continue indefinitely without downside corrections. With that in mind, we must be aware of possible support levels that if broken may indicate that a deeper phase of price weakness is about to emerge. https://www.tradingview.com/x/uY2w7DYW/ Traders may well be watching the 21432 level, which is half of the latest strength, as a potential support, if a sell-off is seen. Breaks below this level could skew risks towards further price weakness, with focus may be then shifting to the weeks low at 21078. The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
Does the news make us happy about the expected rise today?
Hello traders here's my New XAU/USD idea, what you think on it? share your thoughts in comment section Price movement And Technical analysis chart for XAU/USD (Gold Spot vs. US Dollar) on a 1-hour Time With . Key Element's include: Resistance Zone: Around the 2800 level. Support Zones: Two support , with a key near 2750. Target: In My analysis a potential drop toward the 2750 support level. Follow me for more updates and don't forget to share my idea with your friends and family
The first step is to know in what time frame and in what degree of waves we are looking to complete what pattern. And the second step is to determine Q It is the end point of the previous pattern and the beginning of the latest pattern that we are looking for its end point. The main problem is that in Elliot's (NeoWave) style, the end point of the pattern is not exactly at the extreme of the ceiling or the minimum of the previous floor, but it is usually in the last return and previous non-stop attack to that ceiling or floor where the previous pattern ended. Where is the importance of this article? In fact, since in our high-grade pattern, we are assuming a large diametric in the three-month timeframe, and in the lower grade timeframe, we are looking for a combination in branch D, the second branch of which is also a diametric. And add one thing above that diametric is a pattern whose time limits are more specific and the price emphasis in the branches is purely expansion-contraction or contraction-expansion compared to the middle branch (abc-d-efg) that is the same d is So the diametric starting point is very important for measuring lag time. Suppose in the attached image, the end point of big C and the beginning of branch D with a WxY structure, which can possibly even expand to WxYxZ, is in the form I have depicted. So we are exactly looking for the end of the larger D and in the heart of it the Y branch of WxY as well as the g branch of a smaller diametric in log Y, which is ironically in the form of a triangle that I wrote in the previous post in the 45 minute time frame. This was the first part of a very long explanation for this wave count that will continue. In addition to the explanation of the price action view of this chart and the modification of the desired price range and time that I will add. Keep in mind that in the first chart I posted of Ethereum, due to not being calibrated and scaled, the price growth range was drawn very unrealistically. But I still emphasize that in the diametric pattern, in case of contraction-expansion, the price is in the second order in terms of the lawfulness of the movement, and it has a more limited time and lawfulness.
THE YEN’S COMEBACK, TARIFF THREATS & GLOBAL RATE CUTS FX:USDJPY 1/8 The Yen is having its best January since 2018! ⚡️? Why? Markets expect the Bank of Japan to tighten policy, shifting away from ultra-low rates. This anticipation is fueling a strong rally for the yen. 2/8 Recent economic indicators in Japan suggest inflation is no longer taking a back seat. ⏫? BOJ officials hint they’re ready to join the global rate-hiking party—sending yen bulls into celebration mode. 3/8Meanwhile, the Mexican Peso and Canadian Dollar face uncertainty. ???? President Trump’s 25% tariff threat (set for Feb 1, 2025) looms if Mexico and Canada don’t address illegal migration and drug trafficking. 4/8 Market watchers are on edge ?? They’re unsure if these tariffs will become reality—or if negotiations can calm tensions. These currencies are in limbo as we await any fresh news on policy changes. 5/8Other central banks might cut rates further to spur growth, adding another twist to currency valuations. ?? Rate cuts typically weaken currencies, so watch out for potential capital flows shifting! 6/8 Which currency do you see leading the pack next? 1️⃣ Yen (BOJ tightening) 2️⃣ Peso (Tariffs avoided?) 3️⃣ Loonie (Canadian Dollar) 4️⃣ Something else? Tell us below! ?✅
OANDA:XPTUSD is approaching a significant resistance zone, an area where sellers have previously stepped in to drive prices lower. This area has historically acted as a supply zone, making it a key level to watch for potential rejection. If price struggles to break above and we see bearish confirmation—such as rejection wicks, a bearish engulfing candle, or weakening bullish momentum—I anticipate a pullback toward the $1,010 level. However, a strong breakout and hold above resistance could invalidate the bearish outlook, potentially opening the door for further upside. This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in. Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments. Best of luck , TrendDiva