Trade Idea for GBPUSD

GBPUSD Trade Idea

The GBP/USD exchange rate has faced challenges, with recent concerns about a UK recession and hawkish Fed rhetoric impacting the pound’s performance. This has led to a decline in the exchange rate due to UK retail weakness and the anticipation of monetary statements from influential entities such as the Federal Reserve.

GBPUSD on Ziwox Terminal

Despite attempts by the British Pound to rally, an emerging bearish tone suggests a potential long-term bearish trend for the US dollar index. The British Pound’s recent performance has seen initial declines followed by stabilization above a key trend line. This stability is noteworthy, indicating resilience in the face of market challenges.


Due to the weakness of the US dollar, the currencies that are hounding against the US dollar, for example, the British pound, and the euro, have been able to experience good growth in the last weeks, but the British pound and its economic problems, these rallies will be short-term, and what will remain is the strength America’s economy is even with the Federal Reserve stopping interest rate hikes.
The British Pound is at attractive levels for sale. We are waiting for signs of return to be evident and we enter into the sale of the British pound.

The resistance level is 1.27140 and 1.2820 area and the first target could be 1.220 area

GBPUSD Trade idea by Alisabbaghi on

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Gold is supported by lower expectations of interest rates

XAUUSD Trade idea

Gold, which posted its biggest weekly gain since April as the dollar weakened and interest rate hike expectations eased, was boosted by declining inflation data.
Gold prices hit a one-month high for their biggest weekly gain since April. The rise comes as markets cut expectations of further U.S. interest rate hikes, sending the dollar to its lowest level in more than a year. This devaluation of the dollar makes gold more affordable for foreign investors, boosting demand and pushing up the price of the precious metal.

Fundamental Bias for gold is Bullish, Forecast is bullish too. check it on Ziwox Terminal

Gold data by Ziwox Terminal

Slower PPI growth dampens rate hike expectations

Slower PPI growth dampens rate hike expectations
Recent data on US economic indicators reinforce the shift in sentiment. US producer prices barely rose in June, indicating a deflationary phase in the economy. The lower-than-expected inflation rate and the decrease in the main producer prices have reduced the possibility of a sharp increase in interest rates by the Federal Reserve. Economists polled by Dow Jones had expected the June producer price index to rise 0.2 percent, but the actual figure was a weaker-than-expected 0.1 percent.

The decline in CPI reflects softening inflationary pressures

In addition, the consumer price index registered an annualized rate of 3% in June, the lowest level since March 2021 and below consensus expectations. These figures indicate a reduction in inflationary pressures, which further reduces the possibility of an immediate increase in interest rates.

Tight labor market

In a surprising twist, the number of Americans who filed new claims for unemployment benefits fell last week, signaling the continued tightening of the U.S. labor market. These positive data add to mixed signals about the economy and the appropriate course of action for the Federal Reserve.

Baezer’s expectations July meeting

While Federal Reserve Chairman Christopher Waller remains supportive of more rate hikes this year, sentiment among investors has shifted. Expectations for further hikes have eased, with the focus now turning to the Federal Open Market Committee’s upcoming meeting in July.

However, if the Federal Reserve hints at further interest rate hikes, it may cause concern among gold investors. And this is the only risk for gold buyers. Higher interest rates increase the opportunity cost of holding non-yielding bullion, potentially causing some investors to reconsider their positions.

Does gold reach $2,000 again?

Looking ahead, gold’s bullish momentum seems intact and experts suggest that the next key levels could be between $1988 and $2000. The short-term outlook has changed, creating bullish sentiment for gold prices.


Short-term outlook: A weaker dollar adds to the bullish outlook
As a result, gold prices benefited from a weaker dollar and reduced expectations of a sharp increase in interest rates in the United States. Recent economic data points to a phase of deflation that will increase a more accommodative approach by the Federal Reserve. While uncertainty persists, gold investors remain bullish, eyeing the potential for further gains in the near term.
The level of 1955 was suitable to enter a buy trade, but at the time of writing this analysis, the price has risen slightly. Therefore, we have to wait for the price to break above 1960 to enter the buying transaction. It will be aimed at 1970 and 1985 buyers. Potential support has been identified at 1941

Gold is supported by lower expectations of interest rates by Alisabbaghi on

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The Australian dollar is heading lower despite the recent recovery

AUDCHF Trade idea

Consumer inflation in Australia eased more than expected, according to data released on Wednesday, dampening hopes of another rate hike by the Reserve Bank of Australia next week and putting further downward pressure on the Australian dollar.

Expectations of an increase in interest rates by the Australian central bank have dropped from 60% to 30% two weeks ago. Also, at the moment, the position of retail traders is more than 90% in the purchase period, which indicates more downward movements, on the other hand, it follows the announcement of the fifth consecutive increase in the interest rate by the Swiss Central Bank and a sign of a possible increase in the rate in the future to deal with inflationary pressures.
Despite the downward revision of the inflation forecast for 2023, the central bank has increased its forecast for the inflation of 2024 due to the effects of the second round of electricity price increases, rent increases, and continuous inflationary pressures from international sources. The AUDCHF currency pair remains bearish, but this currency pair is in a tight bearish position and can be suitable for selling if it recovers to higher levels. 0.6050-0.6067 could be low-risk levels to enter a short position. if you are a scalper trader, 0.601 is yours.

AUDCHF Trade Idea by Alisabbaghi on

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RBA-BOJ monetary policy divergence continues to bullish AUDJPY.

AUDJPY trade idea

Consumer inflation expectations in Australia rose to 5% in May from 4.6% in April, the latest data showed. Earlier this month, the Reserve Bank of Australia unexpectedly raised the cash rate by 25 basis points to 3.85 percent, saying further tightening may be needed to ensure inflation returns to target within a reasonable timeframe.
China is scheduled to release its April industrial production and retail sales figures on Tuesday. This may limit upside moves from the trend line.
Additionally, the Japanese goods trade balance and more importantly, national CPI figures due out on Thursday could also have a significant impact on the pair.
Now for trade AUDJPY, our bias is bullish in the short term, but the price must break to the edge of the trend line to enter a buy position in the correction of the price to the level of 90.2

The resistance level for the target will be the strong weekly levels of 91.85 and 92.3. A drop below the 90.2 level will invalidate the bullish scenario.

RBA-BOJ monetary policy divergence continues to bullish AUDJPY by Alisabbaghi on

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NZDCAD, Long and Short Opportunity

NZDCAD trade idea

NZDCAD trend is bearish.
But for now, this pair is on a demand area. 0.826 to 0.830 range area, so if we want to prepare to buy this currency, we must wait for the change of this downward trend to an upward trend, in this case breaking descending channel and breaking 0.8369 level as resistance and pullback to this level can be prepared to a buying opportunity.
But if we don’t consider the demand area and give more credit to the descending channel and sellers’ pressure, the price reaching the 0.833 area can be attractive for reselling. In this case, the next demand area at 0.815 rates can be your Take profit.

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GOLD, Long for a short period

After a 1% decrease in the previous days, gold rose to about 2013 dollars due to the depreciation of the dollar on the eve of the release of key US inflation data.
Traders now know that the Federal Reserve is 70 percent likely to raise interest rates by another 25 percent in May.
Data released last week showed US employers continued to hire at a strong pace in March, while the International Monetary Fund said in a report on Monday that interest rates in the US and other industrialized nations will return to very low levels. Financial markets have been pessimistic about the U.S. economy since some U.S. banks collapsed in March. Elsewhere, data on Saturday showed that consumer inflation in China, the biggest consumer of bullion, fell to an 18-month low in March. The past has arrived.
Gold is in an Over Bought area but We expect a short-term rise for gold. From the technical point of view, the broken 2003 and Polk at that level can provide a good opportunity to enter into a purchase transaction.
Falling below the 1988 level can invalidate the buying scenario.
The resistance levels of 2021 and 2032 can be your first profit limit.

Gold Long idea by Alisabbaghi on

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GBPUSD Pond dollar


GBP/USD needs balanced GDP data to climb.
The pound has been positive for several months, benefiting from the surprising economic strength of the UK. On the other hand, the US dollar has fallen behind, but the recent concerns about the global economy have moved the flows toward the safe dollar.
Markets are mostly bearish today, with the only catalyst for their movement being non-farm payroll data.
In order to see the correction of the US dollar, despite the disappointment, we need below $200,000 to force the Federal Reserve to stop raising interest rates. But not so weak that it can ensure the flow of orders in US dollars.
Weak wage growth will also help.
In such a case, GBPUSD has the space to increase levels up to 1.252
But to enter the purchase transaction, one should wait for the failure of the 1.245 level to enter the transaction at this level in the pullback.

GBPUSD long/Buy idea by Alisabbaghi on



This pair, CADJPY seems to change its direction to the long. retracement on lower prices could be a great opportunity to enter a new long position with a nice win rate ratio.
95.9 and 94.8 is our main support levels.

The trend is buy, Stoch, and RSI are in the overbought area so it helps to drop the prices to a lower area and we are waiting for it.

CADJPY BUY area by Alisabbaghi on

Catch gold correction

Gold/XAU at a major resistance level, around $2000 could be a good opportunity to catch a reversal/correction to the lower levels around $1963 with a good risk/reward

according to the Ziwox terminal data, the market is in a risk-off sentiment.

Ziwox intraday currencies performance
Ziwox intraday currencies performance

Japan Yen is a stronger currency of the day and risky assets like AUD and NZD are the weakest ones.

so gold is in support. you could enter to this opportunity with any sign of weakness in sentiment and gold patterns.

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