Daily Trade Ideas

USD/JPY Price Analysis and Trade Forecast: Daily Trading Signal

By LonghornFX Technical Analysis
Sep 27, 2023
Usdjpy

Daily Price Outlook

    The USD/JPY pair currently hovers near the 149.00 mark, with the stochastic indicator showing emerging positive convergence, suggesting potential upward momentum in the coming sessions. Our subsequent target for this bullish trend is set at 150.00.

    The ongoing bullish inclination is bolstered by the EMA50's persistent positive influence. This bullish perspective is contingent upon the price maintaining its stance above 148.25.

    For today, the anticipated trading parameters are anchored between a support at 148.30 and a resistance at 149.80, with the predominant market sentiment leaning bullish.

    USD/JPY Price Chart – Source: Tradingview
    USD/JPY Price Chart – Source: Tradingview

    USD/JPY - Trade Idea 

    Entry Price – Buy Above 148.875

    Take Profit – 149.567

    Stop Loss – 148.431

    Risk to Reward – 1: 1.4

    Profit & Loss Per Standard Lot = +$692/ -$444

    Profit & Loss Per Micro Lot = +$69/ -$44

    USD/JPY

    Daily Trade Ideas

    EUR/USD Price Analysis and Trade Forecast: Daily Trading Signal

    By LonghornFX Technical Analysis
    Sep 27, 2023
    Eurusd

    Daily Price Outlook

      The EUR/USD pair demonstrates an enhanced bearish tendency, progressively nearing our anticipated target of 1.0515. We project the persistence of this negative trajectory, aiming for further declines towards the 1.0440 zone.

      Within the context of the bearish channel depicted on the chart, and backed by the downward pressure from the EMA50, the bearish outlook remains pertinent for the foreseeable future.

      It's crucial to underscore that maintaining levels below 1.0635 is a primary prerequisite to realize these targets. Today's projected trading band spans from a support at 1.0470 to a resistance at 1.0620, with the prevailing sentiment being bearish.

      EUR/USD Price Chart – Source: Tradingview
      EUR/USD Price Chart – Source: Tradingview

      EUR/USD - Trade Idea 

      Entry Price – Sell Below 1.05736

      Take Profit – 1.05182

      Stop Loss – 1.06115

      Risk to Reward – 1: 1.4

      Profit & Loss Per Standard Lot = +$554/ -$379

      Profit & Loss Per Micro Lot = +$55/ -$37

      EUR/USD

      Daily Trade Ideas

      USD/JPY Price Analysis and Trade Forecast: Daily Trading Signal

      By LonghornFX Technical Analysis
      Sep 26, 2023
      Usdjpy

      Daily Price Outlook

        The USD/JPY currency pair is persistently advancing, currently nearing our anticipated target of 149.00. We foresee this bullish momentum extending beyond this level, potentially aiming for the significant milestone at 150.00.

        Underpinned by the EMA50's support, our bullish outlook remains intact for the foreseeable future. It's essential to emphasize that sustaining this upward trajectory necessitates the pair remaining above the 147.90 mark.

        Today's projected trading boundaries lie between a support at 148.30 and a resistance at 149.80, with an overall bullish sentiment prevailing.

        USD/JPY Price Chart – Source: Tradingview
        USD/JPY Price Chart – Source: Tradingview

        USD/JPY - Trade Idea 

        Entry Price – Buy Limit 148.779

        Take Profit – 149.561

        Stop Loss – 148.352

        Risk to Reward – 1: 8

        Profit & Loss Per Standard Lot = +$782/ -$427

        Profit & Loss Per Micro Lot = +$78/ -$42

        USD/JPY

        Daily Trade Ideas

        GOLD Price Analysis and Trade Forecast: Daily Trading Signal

        By LonghornFX Technical Analysis
        Sep 26, 2023
        Signal 2023 05 25 122622 002

        Daily Price Outlook

          The gold price exhibited a discernible downward trajectory yesterday, closely approaching the pivotal support level at $1913.15. Influenced by the negative pressure from the EMA50, there are emerging indications suggesting potential further depreciation should it breach this support.

          Given the uncertainty, a wait-and-see approach is recommended until there's a clearer stance regarding the $1913.15 benchmark. A breach could intensify the bearish momentum, potentially steering the price towards targets of $1890.00 and subsequently, $1875.00. Conversely, if it sustains above this level, a resurgence targeting $1945.20 in the short term might be anticipated.

          For today, the expected trading range is between support at $1900.00 and resistance at $1930.00.

          GOLD Price Chart – Source: Tradingview
          GOLD Price Chart – Source: Tradingview

          GOLD (XAU/USD) - Trade Idea 

          Entry Price – Sell Below 1915

          Take Profit – 1905

          Stop Loss – 1920

          Risk to Reward – 1: 2

          Profit & Loss Per Standard Lot = +$1000/ -$500

          Profit & Loss Per Micro Lot = +$100/ -$50

          GOLD

          Daily Trade Ideas

          AUD/USD Price Analysis and Trade Forecast: Daily Trading Signal

          By LonghornFX Technical Analysis
          Sep 26, 2023
          Audusd

          Daily Price Outlook

            The AUD/USD currency pair currently hovers around the crucial 0.6400 support level, consistently maintaining above this threshold. Notably, the stochastic indicates pronounced positive momentum, enhancing the likelihood of a continued upward trajectory aiming for our primary anticipated target of 0.6545.

            Given this backdrop, we remain optimistic about a bullish trend in the near future. However, it's imperative to note that any breach below the 0.6400 mark could curtail the anticipated ascent, pivoting the currency pair into a decline.

            Today's forecasted trading range is anchored between support at 0.6380 and resistance at 0.6480.

            AUD/USD Price Chart – Source: Tradingview
            AUD/USD Price Chart – Source: Tradingview

            AUD/USD - Trade Idea 

            Entry Price – Sell Below 0.64191

            Take Profit – 0.63820

            Stop Loss – 0.64463

            Risk to Reward – 1: 3

            Profit & Loss Per Standard Lot = +$371/ -$272

            Profit & Loss Per Micro Lot = +$37/ -$27

            AUD/USD

            Daily Trade Ideas

            GOLD Price Analysis and Trade Forecast: Daily Trading Signal

            By LonghornFX Technical Analysis
            Sep 25, 2023
            Signal 2023 05 25 122622 002

            Daily Price Outlook

              The gold price has encountered resistance at the $1929 mark, exhibiting a minor bearish inclination. This trend is influenced by the stochastic indicator, which is gradually shedding its negative momentum. The market awaits a positive catalyst that could propel the price beyond the aforementioned level, aiming for a subsequent target at $1945.20.

              For the time being, our outlook remains optimistic unless there's a breach below the $1913.15 threshold and sustained trading beneath it. Penetrating this level could be detrimental, potentially leading the price to further declines targeting $1875.00 in the near term.

              Today's anticipated trading bracket is set between a support at $1910.00 and a resistance at $1940.00.

              GOLD Price Chart – Source: Tradingview
              GOLD Price Chart – Source: Tradingview

              GOLD (XAU/USD) - Trade Idea 

              Entry Price – Sell Below 1925

              Take Profit – 1914

              Stop Loss – 1930

              Risk to Reward – 1: 2

              Profit & Loss Per Standard Lot = +$1096/ -$500

              Profit & Loss Per Micro Lot = +$109/ -$50

              GOLD

              Daily Trade Ideas

              GBP/USD Price Analysis and Trade Forecast: Daily Trading Signal

              By LonghornFX Technical Analysis
              Sep 25, 2023
              Gbpusd

              Daily Price Outlook

                The GBP/USD pair exhibits an intensified bearish momentum, methodically nearing our anticipated target of 1.2200. We anticipate this downward trajectory to persist, with subsequent objectives set around the 1.2135 mark.

                The EMA50 consistently underpins the projected bearish trend, which unfolds systematically within the bearish channel depicted on the chart. It's imperative to note that surpassing 1.2310 would negate this bearish outlook, prompting the pair to undergo an intraday bullish realignment.

                For today, the projected trading parameters are established between a support at 1.2150 and a resistance at 1.2300.

                GBP/USD Price Chart – Source: Tradingview
                GBP/USD Price Chart – Source: Tradingview

                GBP/USD - Trade Idea 

                Entry Price – Sell Below 1.22581

                Take Profit – 1.21951

                Stop Loss – 1.22876

                Risk to Reward – 1: 2

                Profit & Loss Per Standard Lot = +$630/ -$295

                Profit & Loss Per Micro Lot = +$63/ -$29

                GBP/USD

                Daily Trade Ideas

                EUR/USD Price Analysis and Trade Forecast: Daily Trading Signal

                By LonghornFX Technical Analysis
                Sep 25, 2023
                Eurusd

                Daily Price Outlook

                  The EUR/USD pair is currently hovering around the pivotal support level of 1.0635. We anticipate a breach of this level to validate the continuation of its bearish trajectory, with an ensuing target at 1.0515.

                  The Stochastic oscillator is generating bearish indications, enhancing the likelihood of the anticipated decline. This is further reinforced by the downward pressure exerted by the EMA50.

                  However, a surge beyond 1.0680 would negate this bearish perspective and might prompt the pair to undertake recovery efforts, aiming for the 1.0785 region before any subsequent downturn. Today's projected trading range is delineated between the support at 1.0560 and the resistance at 1.0700. (edited)

                  EUR/USD Price Chart – Source: Tradingview
                  EUR/USD Price Chart – Source: Tradingview

                  EUR/USD - Trade Idea 

                  Entry Price – Sell Below 1.06711

                  Take Profit – 1.05694

                  Stop Loss – 1.07205

                  Risk to Reward – 1: 4

                  Profit & Loss Per Standard Lot = +$951/ -$56

                  Profit & Loss Per Micro Lot = +$101/ -$56

                  EUR/USD

                  Daily Trade Ideas

                  S&P500 (SPX) Price Analysis and Trade Forecast: Daily Trading Signal

                  By LonghornFX Technical Analysis
                  Sep 22, 2023
                  S&p500

                  Daily Price Outlook

                    The prominent stock market index, the S&P 500, is displaying a pronounced bearish trend, declining by nearly 3% to stand at $4,336. This level serves as a pivotal support, underscored by a double bottom pattern at the same mark.

                    On the daily chart, the SPX has manifested two significant bearish engulfing candles, indicating a dominant bearish sentiment. Should the SPX breach the $4,336 threshold, it is poised to encounter subsequent support levels at $4,295 and possibly $4,261.

                    Conversely, the resistance is anchored at $4,377. A surge above this level could pave the way for the SPX to approach $4,440.

                    S&P500 (SPX) Price Chart – Source: Tradingview
                    S&P500 (SPX) Price Chart – Source: Tradingview

                    S&P500 (SPX) - Trade Idea 

                    Entry Price – Buy Above 4326

                    Take Profit – 4397

                    Stop Loss – 4296

                    Risk to Reward – 1: 1.7

                    Profit & Loss Per Standard Lot = +$710/ -$300

                    Profit & Loss Per Micro Lot = +$71/ -$30

                    SPX

                    Daily Trade Ideas

                    GOLD Price Analysis and Trade Forecast: Daily Trading Signal

                    By LonghornFX Technical Analysis
                    Sep 22, 2023
                    Signal 2023 05 25 122622 002

                    Daily Price Outlook

                      Following a significant downturn, the price of gold narrowly missed our anticipated target at $1,913.15 yesterday. However, a subsequent robust rebound was observed, indicating the initiation of a potential bullish trajectory. Our primary projection for this upward momentum is a retest of the $1,929.00 level. A breach of this threshold could further elevate the price to our next major target of $1,945.20.

                      Given the current data, we anticipate a bullish trend for today, a sentiment reinforced by the present positivity of the stochastic indicator. It's crucial to note that any decline below the $1,913.15 mark would nullify the projected ascent and potentially usher in more immediate losses. For today, we forecast a trading range with support at $1,910.00 and resistance at $1,940.00.

                      GOLD Price Chart – Source: Tradingview
                      GOLD Price Chart – Source: Tradingview

                      GOLD (XAU/USD) - Trade Idea 

                      Entry Price – Buy Stop 1927

                      Take Profit – 1936

                      Stop Loss – 1920

                      Risk to Reward – 1: 1.2

                      Profit & Loss Per Standard Lot = +$900/ -$700

                      Profit & Loss Per Micro Lot = +$90/ -$70

                      GOLD