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BluetonaFX - EURUSD SHORT to previous Range ZoneHi Traders! EURUSD has broken the previous range zone resistance, and there is a possibility of a support break back into the range zone. Price Action 📊 The market's price action on the 4H chart has been very bullish with the range zone momentum break; however, the price seems to have exhausted and the market is now pulling back. We are now looking for a price break and a close below 1.06946 for confirmation of a complete pullback. Fundamental Analysis 📰 Euro zone borrowing costs rose on Monday as investors took a breather after pricing in last week up to 100 basis points of European Central Bank rate cuts by December 2024, sending the benchmark Bund yield to a seven-week low. Support 📉 1.06946: PREVIOUS RANGE ZONE RESISTANCE Resistance 📈 1.07564: WEEKLY HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX BluetonaFX
Short
by BluetonaFX
1
BluetonaFX - USDJPY Approaching Trendline Support BreakHi Traders! Due to the weak NFP jobs data last Friday, there is further pressure on the US dollar. USDJPY is back under 150 and trading with bearish momentum.   Price Action 📊 The market's price action on the 2H chart is currently bearish. The market broke below the 20 EMA, failed to break back above in the re-test, and is approaching the trendline support with potential for a break and close below the trendline to continue pushing down. Fundamental Analysis 📰 There were weak US major figures recently posted, with weaker than expected PMI figures and Non-Farm jobs data. The Fed also failed to commit to further interest rate hikes, which has left traders nervous about the US dollar. Support 📉 149.273: TRENDLINE SUPPORT 148.805: MONTHLY LOW Resistance 📈 149.736: PREVIOUS DAY'S HIGH 149.817: 20 EMA Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
1
BluetonaFX - USDCAD Approaching Yearly HighHi Traders! Today is a big day for the USDCAD, and the pair is approaching its yearly high at 1.38623, but before that, the monthly high resistance at 1.37858 must be broken.   Price Action 📊 The market has broken its trendline resistance and is near the monthly high at 1.37858. There is bullish momentum due to the anticipation of hawkish statements from the Federal Reserve. Fundamental Analysis 📰 The US dollar continues to trade strongly amid rising yields and escalating tensions in the Middle East, after US Federal Reserve Chair Jerome Powell stopped short of hinting that US interest rates have peaked. Later, we have statements from both the Bank of Canada and Federal Reserve Chair Jerome Powell. Support 📉 1.36058: PREVIOUS DAY'S LOW 1.30928: YEARLY LOW Resistance 📈 1.37858: MONTHLY HIGH 1.38623: YEARLY HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
BluetonaFX - USDCHF Support Trendline Break PullbackHi Traders! USDCHF is currently on a pullback and may possibly target October's high at 0.92448 for a price retest.   Price Action 📊 The market previously broke its long-term support trendline and is now on a pullback towards the trendline. There was also a recent falling price wedge break above the wedge resistance, which is also bullish. We are now looking for a break and a close above the 20 EMA for a final confirmation signal. Fundamental Analysis 📰 The US economy expanded at a 4.9% annual rate from July through September as Americans defied higher prices and rising interest rates. Economists have also said the US economy expanded last quarter at the fastest pace in nearly two years—more than twice the 2.1% annual rate of the previous quarter. Support 📉 0.89632: PREVIOUS DAY'S LOW 0.88949: 50% FIBONACCI RETRACEMENT LEVEL Resistance 📈 0.90049: PREVIOUS DAY'S HIGH 0.92448: MONTHLY HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
BluetonaFX - GBPJPY Ascending Triangle PatternHi Traders! GBPJPY is in an ascending triangle and is heading for the 183 handle.   Price Action 📊 The market is currently in an ascending triangle with higher highs and higher lows. After the low price rejection, the market has shown bullish price action signs. The market is also currently trading with momentum; the 20 EMA has just been broken with momentum, and we are looking for a close above it. Fundamental Analysis 📰 The BoJ disappointed the markets with its underwhelming stance on the yield curve. The bank stated that they will maintain the target level of 10-year Japanese government bond (JGB) yields at around zero percent. Support 📉 180.770 PREVIOUS DAY'S LOW Resistance 📈 183.758: PREVIOUS WEEK'S HIGH 184.392: RANGE ZONE HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
2
BluetonaFX - EURUSD Bear Flag Pattern SHORT IdeaHi Traders! There is a bear flag pattern on the EURUSD 1D chart, and if we get a break of the flag channel, there is potential for continuation towards the yearly low at 1.04485.   Price Action 📊 The market is currently in the flag channel and has failed to break back above the 20 EMA, which is a bearish signal. We are looking for a momentum break and a close below the flag channel to potentially target 1.04485 for a re-test of the level. Fundamental Analysis 📰 The US economy expanded at a 4.9% annual rate from July through September as Americans defied higher prices and rising interest rates. Economists have also said the US economy expanded last quarter at the fastest pace in nearly two years—more than twice the 2.1% annual rate of the previous quarter. Support 📉 1.05352: PREVIOUS DAY'S LOW 1.04485: YEARLY LOW Resistance 📈 1.05971: PREVIOUS DAY'S HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
1
BluetonaFX - USDJPY Cannot Break 150Hi Traders! USDJPY is struggling to break the psychological 150 level, and there might be a possibility of the US dollar slowing down due to strong data coming out of Europe.   Price Action 📊 The market has reached the psychological level of 150 and has been trying to break the level for the past three weeks without any success. The market may have run out of buyers and may need new waves of buyers to enter the market, which may provide short-term selling opportunities. Fundamental Analysis 📰 The US dollar continues to trade strongly amid rising yields and escalating tensions in the Middle East, after US Federal Reserve Chair Jerome Powell stopped short of hinting that US interest rates have peaked. Strong data has started to come out of Europe with better-than-expected Flash PMIs across the EU and the UK.   Support 📉 145.073: PREVIOUS RANGE ZONE RESISTANCE Resistance 📈 150.000: PSYCHOLOGICAL LEVEL 151.946: APEX LEVEL Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
6
BluetonaFX - AUDUSD SHORT to Yearly Low Break IdeaHi Traders! AUDUSD is under more pressure, and there is a potential support break on the 1D chart. Price Action 📊 The price action currently looks bearish, with market swings showing lower highs and lower lows. We are looking for a break and a close below the support price at 0.62856, which is the yearly low. Fundamental Analysis 📰 Last Thursday, employment figures from Australia lessened expectations of an RBA rate hike, which has the Australian dollar currently trading under pressure.   Support 📉 0.62856: YEARLY LOW Resistance 📈 0.63298: PREVIOUS DAY'S HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
3
BluetonaFX - GBPUSD SHORT to Monthly Low IdeaHi Traders! The bears are currently dominating GBPUSD, and they are potentially targeting the low for October. Price Action 📊 The price action currently looks bearish, with market swings showing lower highs and lower lows. We are looking for a break and a close below the trendline support for a possible continuation towards October's low. Fundamental Analysis 📰 The US dollar continues to trade strongly amid rising yields and escalating tensions in the Middle East, after US Federal Reserve Chair Jerome Powell stopped short of hinting that US interest rates have peaked.   Support 📉 1.20927: TRENDLINE SUPPORT Resistance 📈 1.22255: SWING HIGH RESISTANCE Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
1
BluetonaFX - EURUSD LONG to Resistance IdeaHi Traders! EURUSD is holding steady near market lows, and there is a possibility for long entries to target upside resistance levels. Price Action 📊 The price action currently looks bullish, with market swings showing higher highs and higher lows, and the market has formed an ascending price channel. Fundamental Analysis 📰 The European Central Bank took a further step on Wednesday towards launching a digital version of the euro that would let people in the 20 countries that share the single currency make electronic payments securely and free of charge.   Support 📉 1.05200: TRENDLINE SUPPORT Resistance 📈 1.05950: SWING HIGH RESISTANCE Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
1
BluetonaFX - USDCAD Descending Triangle SHORT IdeaHi Traders! There is a descending triangle forming on the USDCAD 4H chart, and there may be possible opportunities for short entries leading to a potential support trendline break. Price Action 📊 The market has had lower market swings filled with lower highs and lower lows since, along with a recent upside rejection candle and break below the 20 EMA, creating a descending triangle pattern on the chart. We are looking for further bearish momentum to break and close the trendline support line and continue to the downside. Fundamental Analysis 📰 Though the market's outlook on the USD is still very positive due to very strong data recently released along with continued positive statements from the Federal Reserve, there is possibility that traders are profit-taking on USD pairs meaning that new waves of buyers will be needed for any bullish momentum to take over.   Support 📉 1.35693: TRENDLINE SUPPORT Resistance 📈 1.36743: TRENDLINE RESISTANCE Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
BluetonaFX - EURNZD Head & Shoulders SHORT IdeaHi Traders! EURNZD has a potential head-and-shoulders pattern forming on the 1D chart, and there are opportunities for short entries to lead to a possible neckline break. Price Action 📊 Recent lower market swings with lower highs and lower lows, and the market is about to break back below the 20 EMA. We are looking for bearish momentum to fully complete the right shoulder and lead to a break and close below the neckline. Fundamental Analysis 📰 The NZD has found strength and bounced off session lows due to the parliamentary elections, as the country voted for a change in parliament. Support 📉 1.75127: NECKLINE Resistance 📈 1.78600: PREVIOUS DAY'S HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
5
BluetonaFX - NZDCAD SHORT to Monthly Low IdeaHi Traders! There is a possible retest of the strong support level of 0.80531, and there are potential opportunities for short entries towards this level. Price Action 📊 The market is currently in a descending price channel and recently broke and closed below the 20 EMA, which suggests that there is currently bearish momentum in the market. We are looking for the bearish momentum to continue with a look to target the support level of 0.80531, which is also the monthly low. Fundamental Analysis 📰 Recent data out of New Zealand has not been as strong as analysts would have liked, which may lead to possible NZD weakness for the time being. Additionally, the NZD seems to be weaker following the release of Chinese inflation figures, which has an effect on antipodean currencies.   Support 📉 0.80531: MONTHLY LOW Resistance 📈 0.81203: PREVIOUS DAY'S HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
7
BluetonaFX - USDCAD Cup & Handle Pattern SHORT IdeaHi Traders! There is a potential cup and handle pattern forming on the 4H USDCAD chart, and there is potential for further moves to the downside depending on whether we get an important support price break. Price Action 📊 The market has had an up wave to start the cup pattern and a down wave to finish the cup pattern. The market has now almost reached our support level at 1.35618, and there is potential here for a market consolidation period, which will be the cup handle. We are looking for a momentum price break and a close below the support line at 1.35618 for further continuation to the downside. Fundamental Analysis 📰 Traders are currently nervous about the US dollar. With the Fed Minutes meeting tomorrow, the market will be looking for hawkish statements from the Fed in response to the very strong economic data recently published.   Support 📉 1.35618: SUPPORT LINE Resistance 📈 1.36022: PREVIOUS DAY'S HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
BluetonaFX - EURGBP Rising Wedge SHORT IdeaHi Traders! There is a rising wedge pattern on EURGBP, which signals a possible reversal of the bullish trend we have seen over the past two months. Price Action 📊 The market failed to break the previous resistance at the 0.87014 area, which led to lower highs and lower lows market swings, followed by a momentum break below the 20 EMA. This shows that there may be new waves of bearish volume entering the market. We are looking for a bearish break and a close below the support trendline. Fundamental Analysis 📰 Traders seem to be uncertain about the euro after ECB president Lagarge claimed that she is confident the ECB's policy will bring inflation back down to their 2% goal. Support 📉 0.86140: SUPPORT TRENDLINE Resistance 📈 0.86428: PEVIOUS DAY'S HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
BluetonaFX - AUDNZD Range Breakout SHORT IdeaHi Traders! AUDNZD is approaching the range support area, and there is a possibility of a breakout to the downside. Price Action 📊 There was a momentum break and close below the EMA to indicate that the bears are currently in control, and this will be the third time the bears have tested at the support area. We are looking for a break and close below the support area. Fundamental Analysis 📰 The market's outlook on New Zealand has been positive, with better than expected GDP figures announced for Q2, so traders are most likely bullish on the NZD. Support 📉 1.07252 - 1.07394: SUPPORT AREA Resistance 📈 1.09130 - 1.09265: RESISTANCE AREA Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
3
BluetonaFX - GBPCHF Rectangle Pattern LONG IdeaHi Traders! There is a rectangle pattern on the GBPCHF chart, and there is potential for long entry opportunities due to the upside due to the hold of the very strong support level at the 1.10576 area. Price Action 📊 The market has been in a range for the past three months, with near-perfect bounces at the support area of the rangle and pullbacks at the resistance area of the range. We are looking for opportunities for long entries near 1.10576, so the aim here is to buy market dips. Fundamental Analysis 📰 The pressure on the pound has eased in the past couple of days. Most GBP pairs have come off lows from traders exiting their shorts due to potential USD weakness as a result of the war situation in Israel.   Support 📉 1.10576: RANGE LOW Resistance 📈 1.12476: RANGE HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
2
BluetonaFX - GBPJPY Double Top SHORT IdeaHi Traders! There is a double top pattern formed on the 4H GBPJPY chart, and there is potential for further moves to the downside depending on whether we get an important support price break. Price Action 📊 The market has had two price rejections around the 183 level, which is bearish. Although there is very strong support at 181.380, which is our support line, A price break below this level is likely to lead to a momentum break further down. We are now looking for further bearish momentum to break and close the support line and the 20 EMA to continue to the downside. Fundamental Analysis 📰 The market's outlook on GBP is currently negative due to weak economic data recently released. The outlook on the GBP looks very negative at the moment, and the demand for the currency is very low.   Support 📉 181.380: TRENDLINE SUPPORT Resistance 📈 182.207: PREVIOUS DAY'S HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
2
BluetonaFX - GBPAUD Descending Triangle SHORT IdeaHi Traders! The bearish price action continues on the GBPAUD 1D chart, and there may be possible opportunities for short entries. Price Action 📊 The market has had lower highs and lower lows since breaking below the 20 EMA, creating a descending triangle pattern on the chart. We are looking for further bearish momentum to break and close the trendline support line and continue to the downside. Fundamental Analysis 📰 The market's outlook on GBP is currently negative due to weak economic data recently released. The outlook on the GBP looks very negative at the moment, and the demand for the currency is very low.   Support 📉 1.88514: TRENDLINE SUPPORT Resistance 📈 1.92527: TRENDLINE RESISTANCE Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
11
BluetonaFX - NZDJPY Rising Wedge SHORT IdeaHi Traders! There is a rising wedge pattern on NZDJPY, which signals a possible reversal of the bullish trend we have seen over the past few months. Price Action 📊 There was an aggressive upside price rejection candle followed by a momentum break below the 20 EMA. This shows that there may be new waves of bearish volume entering the market. We are looking for a bearish break and a close below the support trendline. Fundamental Analysis 📰 New Zealand left their interest rates unchanged, and the dovish statement from the RNBZ has left the NZD under some selling pressure. Support 📉 87.094: PREVIOUS DAY'S LOW Resistance 📈 89.251: PEVIOUS DAY'S HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
3
BluetonaFX - GBPJPY Failed Bull Flag SHORT IdeaHi Traders! There is a potential failed bull flag opportunity on the GBJPY 1D chart. The flag looks like it has failed to continue the bullish momentum, and the price action now looks bearish. The market has broken below our 20 EMA, and the swings are getting lower with lower highs and lower lows. The pattern is turning into a bearish ascending channel. As long as we remain under the 20 EMA, we have a bearish outlook and will look for short entries with the aim of exiting at the support area between 181.597 and 181.220. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
6
BluetonaFX - AUDUSD 20 EMA Break LONG IdeaHi Traders! AUDUSD is still looking strong off the support bounce from the yearly low as bears look exhausted and new waves of buyers are entering the market, and price has finally broken and closed above the 20 EMA for the first time in eight weeks. Price Action 📊 The market bounced off the yearly low and is approaching the first resistance area. The market has also broken and closed above the 20 EMA for the first time in eight weeks. Looking for bullish continued momentum to take us to the first resistance area. Fundamental Analysis 📰 The market's outlook on the AUD continues to be positive, as hawkish statements were released in their latest monetary policy meeting and a recent improvement in the employment situation in Australia Support 📉 0.63574: YEARLY LOW 0.64436: 20 EMA Resistance 📈 0.64974: FIRST RESISTANCE 0.65233: SECOND RESISTANCE Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
BluetonaFX - AUDCAD LONG Trade IdeaHi Traders! There is bullish momentum forming on the AUDCAD 1D chart as the pair looks to possibly retest the resistance area. Price Action 📊 There are higher highs and higher lows above the trendline support, and a bullish momentum candle is forming to break above the 20 EMA. Looking for a momentum break and a close above the 20 EMA for possible long entries to exit at the resistance area between 0.86668 and 0.88486 Fundamental Analysis 📰 The market's outlook on the AUD has been very positive this week, with a significant improvement in the employment situation in Australia. Support 📉 0.86668: SUPPORT TRENDLINE Resistance 📈 0.88198: FIRST RESISTANCE 0.88486: SECOND RESISTANCE Risk ⚠️ No more than 2% of your capital Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀, as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
10