Dollar strengthens against yen, steadies ahead of Trump inauguration
Friday, January 17,2025,17:00
The dollar strengthened against the yen on Friday, but remained on track to end the week lower after a six-week winning streak, as investors await Donald Trump’s presidential inauguration and clarity on the course of the incoming administration’s policies. The yen was poised for its strongest weekly performance in over a month as expectations for ... .. read more..
BoJ must stand and deliver hike or yen will be robbed
Friday, January 17,2025,17:00
Having talked the talk about an interest rate increase next week, the Bank of Japan needs to walk the walk or risk a steep yen sell-off. The growing expectation of a BoJ rate hike on Jan. 24 inflated the yen this week, with Japan’s currency notching a new four-week high against the dollar on Friday, ... .. read more..
U.S. Dollar Moves To The Upside After Early Volatility
Friday, January 17,2025,16:31
After seeing considerable volatility earlier in the day, the value of the U.S. dollar has moved higher over the course of trading on Friday. .. read more..
FX Weekly Recap: January 13 – 17, 2025
Friday, January 17,2025,16:05
The market spotlight was mainly on U.S. inflation data that prompted traders to recalibrate Fed easing expectations. Here’s how the numbers turned out, as well as the top-tier catalysts that pushed major currencies around. .. read more..
AUDUSD traded to lowest level since 2020, but bounced. Closing near 100/200 h...
Friday, January 17,2025,16:02
In the above video, I take a look at the technical levels in play for the AUDUSD heading into the new trading week. For the week, the low on Monday traded to a new low going back to 2020, but could not sustain the bearish momentum. The subsequent rise saw a double top established at the 0.62457 level. That level will need to be broken and stay broken to increase the bullish bias in the new trading week. The pair is closing near the 100 and 200 hour MAs above and below 0.6200. Next week, momentum away from those MAs will help define the bias at least at the start of the new week. On the downside, traders will be watching the 0.6165 to 0.6169. That area is key on both the daily and the hour... .. read more..
Global Market Weekly Recap: January 13 – 17, 2025
Friday, January 17,2025,15:54
Global markets rallied this week, driven by softer U.S. inflation data and dovish Fed remarks that pushed Treasury yields down from 14-month highs. Stocks, gold, and bitcoin climbed to fresh peaks, while the dollar faced pressure. .. read more..
NZDUSD: A lot of chop in the trading this week, but the sellers are still in ...
Friday, January 17,2025,15:25
In the video above, I take a look at the technicals driving the NZDUSD as we look toward the new trading week. The sellers are more in control below a cluster of MA with a high at 0.5612. If the price cannot get above those MAs, the sellers are in full control A move above that level, and there is still work to do to take back more control. However, it is gives the buyers some hope. Ultimately, it would take a move above the 38.2% of the move down from the November high at 0.5688 for the buyers to show they are serious about the upside and give some sellers some cause for pause. This article was written by Greg Michalowski at www.forexlive.com. .. read more..
GBPUSD: Sloppy trading this week in the pair. Will it become more agreeable t...
Friday, January 17,2025,14:40
The GBPUSD traded to new lows going back to November 2023 on Monday, but fell short of downside targets on the daily chart at 1.2039 to 1.20686. The low reached just below the 1.2100 level at 1.20989. The price bounced but quite frankly the price action was sloppy and misbehaving to the technicals for the rest of the trading week. Like other pairs, the high was reached on Wednesday on the USD selling after the US CPI. However for the GBPUSD, that high moved briefly above the 38.2% of the January trading range at 1.22808, but was quickly reversed and not sniffed again for the rest of the week. Buyers did not prove anything wtih their efforts this week. What would turn that view around in t... .. read more..
EURUSD: What are the technicals telling traders after bouncing off 2022 lows ...
Friday, January 17,2025,14:07
The EURUSD bottomed this week on Monday after falling below the 61.8% of the move up from the 2022 low to the 2023 high at 1.0200. That break could not be sustained. The seller had their shot. They missed. The subsequent move higher saw the pair peak near the 38.2% of the move down from the December high to the January low. That level came in at 1.03494. The high reached 1.0353 and failed. Like the break at the low, the buyers had their shot. They missed. The last two days had seen the pair move up and down in volatile trading. However, in the run to the upside side, sellers leaned against the low of a swing area between 1.0332 to 1.0343. Sellers have pushed the price to the converging 10... .. read more..
USDJPY sellers this week tested the 38.2% retracement target, stalled and rev...
Friday, January 17,2025,13:33
The USDJPY last week, moved up to test a key target on the daily chart near 158.88. Sellers leaned and pushed the price off those levels into the close a week ago today. This week, the price of the USDJPY has stepped lower after peaking on Tuesday near the high of a swing area at 158.10. The pair moved below and away from a cluster of moving averages including the 100 and 200-hour MAs and the 100-bar MA on the 4-hour chart. The selling continued yesterday and into the Asian session today stretching to a key target area outlined in earlier videos this week. That area was defined by the 38.2% retracement and swing area going back to December 18. Sellers turned to buyers and the rally today ... .. read more..
Markets Weekly Outlook – Trump 2.0 Takes Flight as BoJ Decision Looms
Friday, January 17,2025,12:53
It was a strong week for US stocks and gold, with the S&P rising about 3% by the end of the week. Markets are bracing for potential volatility and policy surprises as Donald Trump is inaugurated as US President. The Bank of Japan (BoJ) meeting on January 24th is a key event, with potential for […] .. read more..
USDCAD moves higher into resistance and lower into support. The key levels re...
Friday, January 17,2025,11:14
The USDCAD moved higher in the North American session and in doing so, stretched to the high of a "Red Box": that has confined the pair going back to mid-December (see chart below). That level comes in at 1.44666. The high price stalled just short of that level at 1.44635. Conversely, earlier this week, the price tested the low of that Red Box at 1.42969 after the US CPI data, but found willing buyers. The low price on that day reached 1.4301. Yesterday, the price of the USDCAD moved back above a cluster of moving averages new the middle of the Red Box range including the 100-hour moving average (at 1.4373) The 200-hour moving average (currently 1.4381) and the 100-bar moving average on t... .. read more..
TradeCompass for Japanese Yen
Friday, January 17,2025,10:29
TradeCompass: January 17, 2025Financial Instrument: Japanese Yen FuturesPrice at the Time of Analysis: 0.006457 Bullish Case Bullish Above: 0.00647 Why Bullish Above: This level is above today's VWAP and Point of Control (POC), signaling potential buyer dominance if price sustains above this threshold. Profit Targets for Long Positions: 0.0064780 0.006495 0.006500 Bearish Case Bearish Below: 0.006448 Why Bearish Below: Sustaining below this level would place the price below yesterday's POC, indicating seller control. Profit Targets for Short Positions: 0.0064405 (Value Area Low of January 16) 0.0064240 (VWAP from January 15) 0.0064160 (Value Area Low of January 15) TradeCompass Strategy N... .. read more..
U.S. Industrial Production Jumps In December As Utilities, Mining Output Surges
Friday, January 17,2025,10:29
Industrial production in the U.S. increased by much more than expected in the month of December, according to a report released by the Federal Reserve on Friday. The Fed said industrial production jumped by 0.9 percent in December after rising by a revised 0.2 percent in November. .. read more..
Key Stories from the past week: European indices lead vs the US YTD
Friday, January 17,2025,10:09
Equities end a busy week packed with key economic data as well as the start of 4Q earnings. At the time of writing, EU benchmarks are up 3%-5% ytd with the Stoxx 600 on course for it’s strongest week since September. Quantum computing names remain in the headlines seeing a decent bounce after last week’s sell-off. Rigetti Computing, D-Wave, IonQ and Quantum Computing Inc all saw an increased in open positions across Saxo’s client base. Oil has continued its surge gathering further momentum from increased sanctions on Russia’s oil industry and heating fuel demand. And rounding off the week, China achieved its growth target with a 5% rise in GDP indicating stimulus m... .. read more..
USD/CAD Mid-Day Outlook
Friday, January 17,2025,09:58
Daily Pivots: (S1) 1.4336; (P) 1.4370; (R1) 1.4427; More… Immediate focus is now on 1.4466 resistance with current strong rally ins USD/CAD. Decisive break there will resume larger up trend to 1.4667/89 long term resistance zone. On the downside, break of 1.4279 support will bring deeper correction. But downside should be contained by 55 D […] The post USD/CAD Mid-Day Outlook appeared first on Action Forex . .. read more..
U.S. Housing Starts Skyrocket To Ten-Month High In December
Friday, January 17,2025,09:36
A report released by the Commerce Department on Friday showed new residential construction in the U.S. surged by much more than anticipated in the month of December. The Commerce Department said housing starts soared by 15.8 percent to an annual rate of 1.499 million in December after tumbling by 3.7 percent to a revised rate of 1.294 million in November. .. read more..
USDCHF is lower but rebounding to a key technical level. What next? What abou...
Friday, January 17,2025,09:36
The USDCHF is lower on the week after reaching the highest level going back to May 2024 on Monday. The low for the week was reached on Wednesday after the US CPI data, but that decline was quickly rejected. The rebound after the CPI took the price up to its 100-hour moving average where sellers leaned. Yesterday the price action was up-and-down with the currency pair closing down on the day. In trading today, the price has remained below the 100-hour moving average, but continued it up and down trading. The price in the early North American session has moved back up to retest the key 100-hour moving average currently at 0.91325 (and is above its 200 hour moving average of 0.91258). Gettin... .. read more..
Snapshot of crypto market
Friday, January 17,2025,09:27
The fundamental backdrop for Bitcoin and key altcoins remains favorable. Political support, institutional investor activity, and market participant optimism are creating conditions for further price growth. As the clock is ticking down to Donald Trump's inauguration, crypto bulls are getting more confident. It is well known that Trump promised during his presidential campaign to revise regulators' stance on cryptocurrencies. One of the significant steps could include converting part of the Treasury's reserves into Bitcoin. He also vowed to make the US a "paradise for cryptocurrencies," a "global crypto capital," and to elevate Bitcoin into a "superpower." Moreover, Trump planned to establ... .. read more..
USD/CHF Forecast: US Dollar Continues to Look for Buyers at Extreme Highs aga...
Friday, January 17,2025,09:24
The USD/CHF is drifting a little bit lower but it’s probably worth noting that the market is in the midst of a major hammer from the previous session. .. read more..
USD/MXN Forecast: Greenback Continues to Pressure Mexican Peso - 17 January 2025
Friday, January 17,2025,09:19
During my daily analysis of exotic currency pairs, it’s worth noting that the USD/MXN pair has been very strong, as interest rates in America continue to climb. .. read more..
GBP/USD Forex Signal: GBP USD Continues to Consolidate - 17 January 2025
Friday, January 17,2025,09:14
The US dollar initially rallied a bit during the trading session, and that of course includes the British pound. .. read more..
EUR/USD Forecast: Euro Continues to Hang on Against Greenback - 17 January 2025
Friday, January 17,2025,09:09
During my daily analysis of major currency pairs, the EUR/USD pair is one that I always check first, and right now it looks like it’s very neutral. .. read more..
Bitcoin Bulls are Looking at This and Seeing a New All Time High
Friday, January 17,2025,09:08
Bitcoin CME Futures Analysis: Potential Bull Flag Breakout and Key Scenarios Bitcoin CME futures are currently trading within a descending channel on the daily chart, a pattern often recognized as a potential bull flag. This setup is catching the attention of traders and investors, as it may signal a continuation of the broader bullish trend. Here’s a detailed analysis of the technical setup, key levels, scenario probabilities, and strategies for navigating this market. Current Technical Structure for Bitcoin Futures - Potential (and Still Speculative) Bull Flag Bitcoin’s price action within the descending channel suggests a period of consolidation following the previous bullish rally. Th... .. read more..
AUD/USD Forecast: Australian Dollar Continues to Look for Momentum - 17 Janua...
Friday, January 17,2025,09:05
In my daily analysis of major currency pairs, the AUD/USD is what I find very interesting, as we are hanging around the 0.62 level. .. read more..
Commodities weekly: Strong January rally pauses ahead of Trump’s inauguration
Friday, January 17,2025,08:20
Key points in this update: A broad commodities rally continued this week, before some profit-taking emerged ahead of Monday's inauguration speech. The Bloomberg Commodity Index reached a 25-month high with all three sectors showing gains I n our recently published Q1-2025 outlook, we paint a broadly bullish outlook for commodities Much focus is on energy, given strong winter demand at a time when supply from Russia is facing challenges amid increased sanctions. Halfway through January, the broad commodities rally continues, attracting demand from speculators and traders alike, who are worried about missing the current momentum train. The Bloomberg Commodity Total Return Index, which track... .. read more..
Kickstart the NA session with a technical look at the EURUSD, USDJPY and GBPUSD
Friday, January 17,2025,08:08
The kickstart video above gets the US session going by taking a technical look at the 3 -major currency pairs - the EURUSD, USDJPY and GBPUSD. The EURUSD found support near its 100 hour MA for the 3rd day in a row. That keeps the buyers in play and control in the short term, but buyers still need to show that they can keep control. Staying above the 200 hour MA at 1.0392 would the best case scenario, but if the price can still remain above the 100 hour MA at 1.02777, they are still in the game, but it is a battle. PS EU CPI came in as expected. The USDJPY moved lower yesterday (and on Wednesday too), and that move to the downside reached a key target area we were looking toward at the 38.... .. read more..
Start Your Forex Trading Career in 6 Steps
Friday, January 17,2025,08:08
Is forex trading one of the skills you promised to learn and master this year? I’ve rounded up this simple guide to help you get started and stay on track! .. read more..
UK Retail Sales Drop Unexpectedly On Weak Food Store Sales
Friday, January 17,2025,07:58
UK retail sales declined unexpectedly in December despite the festive season as food sales logged its worst performance since 2013, data from the Office for National Statistics showed Friday. Retail sales volume decreased 0.3 percent on a monthly basis in December, in contrast to the revised 0.1 percent gain in November. The decline confounded expectations for an increase of 0.4 percent. .. read more..
Trading Signals for EUR/USD for January 16-19, 2025: buy above 1.0290 (21 SMA...
Friday, January 17,2025,07:57
Early in the American session, EUR/USD is trading around 1.0290, above the 21 SMA, and above 4/8 Murray with a slightly bullish bias. The instrument could extend its growth in the next few days to reach 6/8 Murray around the psychological level of 1.05. On the other hand, if the euro falls below 1.0290 and consolidates below 4/8 Murray, the outlook could be negative and we could expect EUR/USD to continue its fall. The price could reach 3/8 Murray located at 1.0131. EUR/USD is trading within a main bearish trend channel forming since early December and within a secondary bullish trend channel. The key is to stay alert. If the EUR/USD pair manages to consolidate above the 200 EMA, we could... .. read more..
Trading Signals for GOLD (XAU/USD) for January 17-21, 2025: sell below $2,725...
Friday, January 17,2025,07:56
Early in the American session, gold is trading around 2,709 within the bullish trend channel forming since December 26th reaching resistance zones and showing signs of exhaustion which is likely to cause a technical correction in the next few days. If gold reaches the resistance levels of 2,720 or 2,734 in the next few hours, it will be seen as a signal to sell as these levels represent a strong barrier which is likely to cause gold to fall below this area. Besides, if gold falls below 5/8 Murray, there could be a change in the trend. Thus, we could wait for gold to reach the 200 EMA located at 2,657. The instrument could even return to the 2/8 Murray level located at 2,578. The eagle ind... .. read more..
Forecast for EUR/USD on January 17, 2025
Friday, January 17,2025,07:45
The EUR/USD pair struggled to maintain support for bulls as bears continued to profit. On Thursday, the pair traded sideways, but Friday brought a renewed shift in favor of the US dollar, marking the third attempt to reach the 127.2% Fibonacci retracement level at 1.0255. A rebound from this level could favor the euro, triggering some recovery toward the resistance zone at 1.0336–1.0346, while a sustained move below 1.0255 would pave the way for further declines toward the 161.8% Fibonacci level at 1.0154. The wave structure remains straightforward. The last completed downward wave broke the low of the previous wave, while the most recent upward wave failed to reach the last peak. This in... .. read more..
Brace for Monday, as a new era now begins
Friday, January 17,2025,07:42
A new era for markets begins on Monday with Trump's inauguration as we assess the possible scale of Shock and Awe that Trump hopes to deliver on day one of his presidency. Listen to the full episode now or follow Saxo Market Call on your favorite podcast app: If you are not able to find the podcast on your favourite podcast app when searching for Saxo Market Call, please drop us an email at marketcall@saxobank.com and we'll look into it. Questions and comments, please! We invite you to send any questions and comments you might have for the podca s t team. Whether feedback on the show's content, questions about specific topics, or reques... .. read more..
Market Sentiment Improves
Friday, January 17,2025,07:39
Market sentiment improved in the backdrop of recent data from the U.S. that showed softer-than-expected levels of core inflation, producer price inflation and retail sales. .. read more..
Fresh news on gas market situation
Friday, January 17,2025,07:37
The gas market is experiencing significant and steady growth, which is not surprising given recent events. According to recent reports, after the outgoing Biden administration introduced several sanctions against Gazprom, the United States, under heavy political pressure, allowed operations with several Russian companies, including Gazprom Nelfproject, Rosnefteflot, Sovcomflot, and Gazprom Neft. This decision followed complex negotiations and political maneuvering that considered not only US domestic interests but also global economic realities. Operations with these companies might stem from the need to maintain energy supply and stability in the market, especially amid crises related to... .. read more..
XAU/USD: Elliott Wave Analysis and Forecast for 17.01.25 – 24.01.25
Friday, January 17,2025,07:35
Major Takeaways Main scenario: Consider long positions from corrections above the level of 2576.36 with a target of 2880.00 – 2976.66. A buy signal: the price holds above 2576.36. Stop Loss: below 2570.00, Take Profit: 2880.00 – 2976.66. Alternative scenario: Breakout and consolidation below the level of 2576.36 will allow the pair to continue declining to the levels of 2464.30 – 2282.23. A sell signal: the level of 2576.36 is broken to the downside. Stop Loss: above 2585, Take Profit: 2464.30 – 2282.23. Main Scenario Consider long positions from corrections above the level of 2576.36 with a target of 2880.00... Read full author’s opinion and review in blog of #LiteFinance .. read more..
Zcash (ZEC) Price Forecast & Predictions for 2025, 2026, 2027–2030 and Beyond
Friday, January 17,2025,07:34
Zcash (ZEC) is a leading cryptocurrency that emerged in 2016. It uses advanced zk-SNARKs technology to ensure that transaction details remain confidential, providing robust privacy and data protection. This innovative approach makes Zcash a compelling option for those prioritizing anonymity in the digital economy. This article explores the history of Zcash, highlighting its key features while also providing technical analysis and forecasts for the years ahead. Major Takeaways The current price of ZEC stands at $55.42 as of {var_date}. The highest ZEC price of $365.57 was reached on 2021-11-27, while the all-time low of $15.75 was set on 2024-07-05. The... Read full author’s opinion and re... .. read more..
China’s GDP beats forecast, Aussie shrugs
Friday, January 17,2025,07:21
The Australian dollar has edged lower on Friday. In the European session, AUD/USD is trading at 0.6198, down 0.22% at the time of writing. Will strong China numbers boost the Aussie? There was good news out of China on Friday, highlighted by GDP which was stronger than expected. The economy expanded by 5.4% y/y in […] .. read more..
WTI Crude Oil: Elliott Wave Analysis and Forecast for 17.01.25 – 24.01.25
Friday, January 17,2025,07:05
Major Takeaways Main scenario: Consider long positions from corrections above the level of 72.72 with a target of 85.00 – 94.97. A buy signal: the price holds above 72.72. Stop Loss: below 72.00, Take Profit: 85.00 – 94.97. Alternative scenario: Breakout and consolidation below the level of 72.72 will allow the pair to continue declining to the levels of 66.15 – 61.50. A sell signal: the level of 72.72 is broken to the downside. Stop Loss: above 73.50, Take Profit: 66.15 – 61.50. Main Scenario Consider long positions from corrections above the level of 72.72 with a target of 85.00... Read full author’s opinion and review in blog of #LiteFinance .. read more..
Is Apple stock a buy or sell?
Friday, January 17,2025,07:02
Trade Compass: Apple Stock (January 17, 2025) Apple is currently trading at $230.11 in the pre-market, and we’re watching key levels that could guide today’s price action. Here's a breakdown of the key zones and possible scenarios: Key Levels to Watch Yesterday's VWAP (Resistance): $230.57 Yesterday's Value Area High (VAH): $230.96 January 13th Value Area Low (VAL): $231.28 January 14th Value Area Low: $233.54 (close to January 13th VWAP close) January 14th POC: $233.28 (slightly above yesterday's first upper standard deviation VWAP) Bullish Scenario Threshold: Price must exceed $233.50. A breakout above this level would signal bullish momentum. Buyers should monitor price action for conf... .. read more..
Litecoin and DOGE set for new surge
Friday, January 17,2025,06:49
Altcoins continue to rapidly strengthen their positions. This week, Nasdaq and Canary Capital Group submitted new applications to the US Securities and Exchange Commission (SEC) that are crucial to gaining regulatory approval for a spot Litecoin ETF. The so-called Form 19b-4, which the exchange must file in order to list the fund, was filed on Wednesday, shortly after Canary, a new digital asset-focused investment firm, submitted the updated registration form, known as Form S-1. The SEC must approve both forms before the ETF becomes available for trading. Experts note that Nasdaq's Form 19b-4 sidesteps the relationship with the SEC, but the latter must still confirm the application, which... .. read more..
USD/JPY: Elliott Wave Analysis and Forecast for 17.01.25 – 24.01.25
Friday, January 17,2025,06:35
Major Takeaways Main scenario: Consider short positions from corrections below the level of 159.00 with a target of 148.50 – 138.65. A sell signal: the price holds below 159.00. Stop Loss: above 159.80, Take Profit: 148.50 – 138.65. Alternative scenario: Breakout and consolidation above the level of 159.00 will allow the pair to continue rising to the levels of 161.96 – 165.50. A buy signal: the level of 159.00 is broken to the upside. Stop Loss: below 158.00, Take Profit: 161.96 – 165.50. Main Scenario Consider short positions below the level of 159.00 with a target of 148.50 – 138.65.... Read full author’s opinion and review in blog of #LiteFinance .. read more..
Russell 2000 Index Futures Analysis for Today
Friday, January 17,2025,06:21
Russell 2000 Index Futures: Trade Compass – January 17, 2025 Current Price: 2290 The TradeCompass simplifies decision-making by mapping out key bullish and bearish thresholds for the Russell 2000 Index Futures. Today’s analysis highlights the index breaking above the value area high of the last three sessions, suggesting bullish momentum as long as price sustains above 2292.5. Conversely, a move below 2281.3 could signal a bearish shift. Trade Compass Overview Bullish above: 2293 This level also surpasses the first upper standard deviation of the VWAP from January 15. Bearish below: 2281.3 Bullish Targets 2300: A psychological round number and an initial profit-taking target. 2304.2: Just... .. read more..
Will the BoJ Save the Yen and Sink GBP/JPY?
Friday, January 17,2025,06:15
Weak UK retail sales and GDP data has put pressure on the British pound. Rumors suggest the Bank of Japan (BoJ) may hike rates next week, which could impact the Yen and GBP/JPY. On shorter timeframes (daily and hourly), there’s potential for a bounce and retest of broken trendlines, with resistance levels around 191.50 and […] .. read more..
EUR/USD Daily Outlook
Friday, January 17,2025,06:11
Daily Pivots: (S1) 1.0270; (P) 1.0293; (R1) 1.0324; More… EUR/USD is staying in consolidation above 1.0176 and intraday bias stays neutral. With 1.0435 resistance intact, outlook remains bearish and further decline is expected. On the downside, break of 1.0176 will resume the fall from 1.1213 and target 61.8% projection of 1.1213 to 1.0330 from 1.0629 […] The post EUR/USD Daily Outlook appeared first on Action Forex . .. read more..
USD/JPY Daily Outlook
Friday, January 17,2025,06:09
Daily Pivots: (S1) 154.59; (P) 155.63; (R1) 156.15; More… USD/JPY’s fall from 158.86 short term top is in progress and intraday bias stays on the downside for 55 D EMA (now at 154.51). Firm break there will target 38.2% retracement of 139.57 to 158.86 at 151.49 next. On the upside, above 156.34 minor resistance will […] The post USD/JPY Daily Outlook appeared first on Action Forex . .. read more..
GBP/USD: Elliott Wave Analysis and Forecast for 17.01.25 – 24.01.25
Friday, January 17,2025,06:05
Major Takeaways Main scenario: Consider short positions from corrections below the level of 1.2571 with a target of 1.1900 – 1.1521. A sell signal: the price holds below 1.2571. Stop Loss: above 1.2630, Take Profit: 1.1900 – 1.1521. Alternative scenario: Breakout and consolidation above the level of 1.2571 will allow the pair to continue rising to the levels of 1.3054 – 1.3440. A buy signal: the level of 1.2571 is broken to the upside. Stop Loss: below 1.2510, Take Profit: 1.3054 – 1.3440. Main Scenario Consider short positions from corrections below the level of 1.2571 with a target of 1.1900... Read full author’s opinion and review in blog of #LiteFinance .. read more..
GBP/USD Daily Outlook
Friday, January 17,2025,06:04
Daily Pivots: (S1) 1.2188; (P) 1.2225; (R1) 1.2274; More… Intraday bias in GBP/USD remains neutral as consolidation continues above 1.2099. Outlook remains bearish with 1.2486 support turned resistance intact. Larger fall from 1.3433 is still expected to continue. On the downside, break of 1.2099 will resume the decline to 100% projection of 1.3433 to 1.2486 […] The post GBP/USD Daily Outlook appeared first on Action Forex . .. read more..
USD/CHF Daily Outlook
Friday, January 17,2025,06:02
Daily Pivots: (S1) 0.9092; (P) 0.9116; (R1) 0.9132; More… USD/CHF is staying in consolidation below 0.9200 and intraday bias remains neutral. As long as 0.9007 support holds, near term outlook remains bullish. On the upside, decisive break of 0.9223 will carry larger bullish implications. However, break of 0.9007 will confirm short term topping, and turn […] The post USD/CHF Daily Outlook appeared first on Action Forex . .. read more..
USD/JPY: Simple Trading Tips for Beginner Traders on January 17th (U.S. Session)
Friday, January 17,2025,06:00
Analysis and Trading Tips for the Japanese Yen The test of the 155.56 price level coincided with the MACD indicator just starting to move upward from the zero mark, confirming a correct entry point for buying the dollar as part of a correction expected after the Asian sell-off. As a result, the dollar rose by only 25 points before the movement ended. The upward correction for the pair could continue, but only if US data on building permits, housing starts, and industrial production exceed economists' expectations. If the statistics are mediocre, I anticipate renewed pressure on USD/JPY, as discussions about a potential rate hike in Japan continue to gain momentum. For intraday strategy, I... .. read more..