Potential long play on EURCAD as price takes a decent pullback on the 4H timeframe. The pair is currently testing support and is starting to show some rejection. However, should price break lower, more support can be found around 1.49478 that served as support before. The uptrend still looks healthy after the recent upside. A break under that previous bottom level of support might indicate a reversal, however.
The pair has been a neutral rating for some time and used to be sell leaning before the trend reading of +2. Retail is heavily short this pair although smart money is heavily bullish EUR and short CAD. April is historically a bearish month for the pair on both the 5 and 10 year averages, but it seems to be defying the past as price gained nearly 2% this month.
The pair has been a neutral rating for some time and used to be sell leaning before the trend reading of +2. Retail is heavily short this pair although smart money is heavily bullish EUR and short CAD. April is historically a bearish month for the pair on both the 5 and 10 year averages, but it seems to be defying the past as price gained nearly 2% this month.
⭐️⭐️⭐️⭐️⭐️
"Effective and Efficient"
"An overall helpful and easy to use software. Edge finder has heavily assisted me in becoming a profitable trader. Will strongly recommend to any trader who is looking for that edge in the markets"
Thank you for the EdgeFinder review Timal!
🤩 LAST CHANCE! Get the EdgeFinder for 40% off today with code "TGVIP" https://a1trading.com/edgefinder
"Effective and Efficient"
"An overall helpful and easy to use software. Edge finder has heavily assisted me in becoming a profitable trader. Will strongly recommend to any trader who is looking for that edge in the markets"
Thank you for the EdgeFinder review Timal!
🤩 LAST CHANCE! Get the EdgeFinder for 40% off today with code "TGVIP" https://a1trading.com/edgefinder
Our smart money tracker reveals some interesting changes in institutional positions from last week. Commodities remain the most bought assets while JPY, CAD and SPX are the top shorted. SPX looks especially bearish as sentiment grows to a stronger by the bears. COT may be starting to flip sentiment on gold after last week's activity. Platinum entered the top 3 on the tracker with growing bullishness. CHF may be flipping too.
AUDUSD remains a strong sell on the EdgeFinder as price rebounds 0.13% on the day. Although the dollar looks weaker, it is not as weak as the AUD buck. In terms of fundamentals, the USD has the overall advantage with unemployment as the only exception.
Retail is heavily bullish on this pair, but price hasn't made any considerable moves to the upside yet. The EdgeFinder has not given this pair a 0 rating since the start of this year which suggests a heavy bearish sentiment towards the buck.
Retail is heavily bullish on this pair, but price hasn't made any considerable moves to the upside yet. The EdgeFinder has not given this pair a 0 rating since the start of this year which suggests a heavy bearish sentiment towards the buck.
Retail sentiment looks to be heavily bearish on the euro while strong bullish the AU dollar. These two currencies are something to look out for tomorrow and for next week. CPI is set to come out tomorrow for the EUR while CAD will report GDP. The crowd could be betting on a higher GDP than expected for the Canadian dollar and possibly higher inflation numbers for EUR.
USD advanced GDP came out this morning lower than expected. In comparison to the other currency's reports, the US is showing the most growth, however, 1.1% was a considerable contraction from last quarter's report. In either case of expanding or contracting economy, it may be bullish for USD as the Fed stated no plans of rate cuts going into May or for the remainder of 2023.
EUR/JPY Analysis
EJ is back to a strong buy on the EdgeFinder after a relatively dovish stance on the Japanese economy. Yen is looking much weaker on the day as a result, and price broke higher above a significant resistance line. A close above this level would be a good confirmation of another run to the upside.
EJ is back to a strong buy on the EdgeFinder after a relatively dovish stance on the Japanese economy. Yen is looking much weaker on the day as a result, and price broke higher above a significant resistance line. A close above this level would be a good confirmation of another run to the upside.
Swiss-yen has been a longer term strong buy on the EdgeFinder. The score has been at +7 for a while now, and will likely continue for some time. This pair is one of the few assets that have a strong fundamental and technical bias towards CHF. In other words, it's a very one-sided score with the exception of COT and GDP.
Retail is strongly bearish, trying to catch a reversal. Smart money isn't too keen on either currency as of now. Regardless, the pair continues to push higher due to how bearish the yen is right now. Aside from COT, the fundamentals and technicals are pointing towards CHF.
Retail is strongly bearish, trying to catch a reversal. Smart money isn't too keen on either currency as of now. Regardless, the pair continues to push higher due to how bearish the yen is right now. Aside from COT, the fundamentals and technicals are pointing towards CHF.
🔥 Floating +126 pips on USDJPY
Don't miss out on the action! Join the VIP discord to access:
✅ Our trade signals, with detailed entries, exits, & analysis
✅ Strategies & Trading Guides
✅ Access to our 24/7 chatrooms
✅ Webinars & Support!
✅ Long term positions (Yearly & Gold Members ONLY)
✅ Get funded program (Gold Members ONLY)
🎁 10% OFF with code TGVIP!
Use code TGVIP for a 10% OFF your membership here: https://a1trading.com/vip/
Don't miss out on the action! Join the VIP discord to access:
✅ Our trade signals, with detailed entries, exits, & analysis
✅ Strategies & Trading Guides
✅ Access to our 24/7 chatrooms
✅ Webinars & Support!
✅ Long term positions (Yearly & Gold Members ONLY)
✅ Get funded program (Gold Members ONLY)
🎁 10% OFF with code TGVIP!
Use code TGVIP for a 10% OFF your membership here: https://a1trading.com/vip/
The EdgeFinder is spitting out more strong biases against the Yen as UJ is now a +6. Similar outlook for UJ, the pair looks bullish right now. If price can close above that falling trend line, it would look like there is some long potential.
The BOJ announced that they will wait over a year to consider tightening monetary policy. Meanwhile, JPY's CPI came out higher than expected. We are looking at a very weak yen. On the 1D timeframe, UJ's price looks to have a lot of bullish momentum. The next test could potentially be around 137.9 where there is a previous high.
The BOJ announced that they will wait over a year to consider tightening monetary policy. Meanwhile, JPY's CPI came out higher than expected. We are looking at a very weak yen. On the 1D timeframe, UJ's price looks to have a lot of bullish momentum. The next test could potentially be around 137.9 where there is a previous high.
🧐 Need Help with FUNDAMENTAL ANALYSIS? We have a full guide on everything you need to know about fundamentals. Available to VIP members only!
In this guide we dive into how to trade:
✅ Jobless reports
✅ Inflation
✅ Deflation
✅ GDP
✅ Interest rates
✅ Geopolitical events
🚨 TAKE 10%% OFF ANY MEMBERSHIP and unlock this guide! Use code "TGVIP" at checkout: https://a1trading.com/vip/
In this guide we dive into how to trade:
✅ Jobless reports
✅ Inflation
✅ Deflation
✅ GDP
✅ Interest rates
✅ Geopolitical events
🚨 TAKE 10%% OFF ANY MEMBERSHIP and unlock this guide! Use code "TGVIP" at checkout: https://a1trading.com/vip/
🤑 Want to collect swaps on the daily?
The EdgeFinder's Carry Trade Scanner is a helpful tool to show you which pairs are the best ones to hold on to for positive swaps.
Get your copy of the EdgeFinder today!
ONE TIME PURCHASE
✅ 39 Markets (Currencies, Commodities, & Indices)
✅ Watchlist
✅ Smart Money Tracker
✅ Individual Market Summaries
✅ Retail Sentiment
✅ Market Heatmap
✅ Fed Tracker
✅ Price Forecasts
✅ Fundamental Data & Analysis
(Inflation, interest rates, & unemployment)
✅ Historical Backtests
✅ Risk on/Risk off Indicator
✅ All future updates FREE!
🎁 10% Off Code: TGVIP https://a1trading.com/a1-edgefinder-get-access-to-forex-data-now/
The EdgeFinder's Carry Trade Scanner is a helpful tool to show you which pairs are the best ones to hold on to for positive swaps.
Get your copy of the EdgeFinder today!
ONE TIME PURCHASE
✅ 39 Markets (Currencies, Commodities, & Indices)
✅ Watchlist
✅ Smart Money Tracker
✅ Individual Market Summaries
✅ Retail Sentiment
✅ Market Heatmap
✅ Fed Tracker
✅ Price Forecasts
✅ Fundamental Data & Analysis
(Inflation, interest rates, & unemployment)
✅ Historical Backtests
✅ Risk on/Risk off Indicator
✅ All future updates FREE!
🎁 10% Off Code: TGVIP https://a1trading.com/a1-edgefinder-get-access-to-forex-data-now/
Because of the recent rise in core CPI and the lack of monetary tightening, USD and EUR look fundamentally stronger. The chart at the bottom is tracking inflation reports from January of this year. What we can see is a downtrend for both the euro and dollar, but the yen's decrease in inflation is halted.
🚨 NEW TRADE SIGNAL! USDJPY.
FOMC STARTS SOON! Don't miss out on the action!
Unlock LIVE trade signals as a VIP member! Get notified when our professional traders take a trade, chat with hundreds of traders, and get access to our winning trading strategies! Here’s everything that’s included with your membership purchase:
✅ Our trade signals, with detailed entries, exits, & analysis
✅ Strategies & Trading Guides
✅ Access to our 24/7 chatrooms
✅ Webinars & Support!
✅ Long term positions (Yearly & Gold Members ONLY)
✅ Get funded program (Gold Members ONLY)
🎁 10% OFF with code TGVIP!
Use code TGVIP for a 10% OFF your membership here: https://a1trading.com/vip/
FOMC STARTS SOON! Don't miss out on the action!
Unlock LIVE trade signals as a VIP member! Get notified when our professional traders take a trade, chat with hundreds of traders, and get access to our winning trading strategies! Here’s everything that’s included with your membership purchase:
✅ Our trade signals, with detailed entries, exits, & analysis
✅ Strategies & Trading Guides
✅ Access to our 24/7 chatrooms
✅ Webinars & Support!
✅ Long term positions (Yearly & Gold Members ONLY)
✅ Get funded program (Gold Members ONLY)
🎁 10% OFF with code TGVIP!
Use code TGVIP for a 10% OFF your membership here: https://a1trading.com/vip/
What did I just watch… 😂 https://twitter.com/a1trading_/status/1653806032261455881?s=20
EUR/JPY Analysis
While maintaining a strong buy rating, this pair is down ~1.4% from yesterday’s highs. This pair might be the best institutional play as smart money continues to buy into the euro while shorting the yen. Retail is starkly opposite the trend as they are trying to catch a reversal. However, the uptrend might not be over yet, as the trend projection forecasts another steady leg up with a high of 152.07. After a dovish statement from the BOJ, it’s clear for investors as to which currency is likely to get stronger over time. ECB’s priorities are about quelling inflation, but Japan is more focused on a healthier economy.
While maintaining a strong buy rating, this pair is down ~1.4% from yesterday’s highs. This pair might be the best institutional play as smart money continues to buy into the euro while shorting the yen. Retail is starkly opposite the trend as they are trying to catch a reversal. However, the uptrend might not be over yet, as the trend projection forecasts another steady leg up with a high of 152.07. After a dovish statement from the BOJ, it’s clear for investors as to which currency is likely to get stronger over time. ECB’s priorities are about quelling inflation, but Japan is more focused on a healthier economy.
🚨 NEW TRADE SIGNAL! EURJPY
Don't miss out on the action!
Unlock LIVE trade signals as a VIP member! Get notified when our professional traders take a trade, chat with hundreds of traders, and get access to our winning trading strategies! Here’s everything that’s included with your membership purchase:
✅ Our trade signals, with detailed entries, exits, & analysis
✅ Strategies & Trading Guides
✅ Access to our 24/7 chatrooms
✅ Webinars & Support!
✅ Long term positions (Yearly & Gold Members ONLY)
✅ Get funded program (Gold Members ONLY)
🎁 10% OFF with code TGVIP!
Use code TGVIP for a 10% OFF your membership here: https://a1trading.com/vip/
Don't miss out on the action!
Unlock LIVE trade signals as a VIP member! Get notified when our professional traders take a trade, chat with hundreds of traders, and get access to our winning trading strategies! Here’s everything that’s included with your membership purchase:
✅ Our trade signals, with detailed entries, exits, & analysis
✅ Strategies & Trading Guides
✅ Access to our 24/7 chatrooms
✅ Webinars & Support!
✅ Long term positions (Yearly & Gold Members ONLY)
✅ Get funded program (Gold Members ONLY)
🎁 10% OFF with code TGVIP!
Use code TGVIP for a 10% OFF your membership here: https://a1trading.com/vip/
Gold is now reading a strong buy on the EdgeFinder after yesterday's FOMC meeting in which a statement of the need for more rate hikes was redacted in the Fed's report. This hinted towards a pause in rate hikes for the time being, and the bulls saw strength in the metal.
Price gapped up on the 1D timeframe showing tremendous demand. This however, could be a sign that it might have moved too much too quickly. Either way, price is facing its most significant level of resistance yet. Things to look out for are tomorrow's unemployment rate which could either strengthen or weaken the score on gold.
Price gapped up on the 1D timeframe showing tremendous demand. This however, could be a sign that it might have moved too much too quickly. Either way, price is facing its most significant level of resistance yet. Things to look out for are tomorrow's unemployment rate which could either strengthen or weaken the score on gold.