EUR/USD Under Bearish Pressure: A Market Analysis [Update]As anticipated in our previous analyses, the EUR/USD currency pair experienced significant downward pressure during the late American trading session on Wednesday, hitting its lowest point in almost a month, below 1.0350. Currently, while I am drafting this article, the pair has seen a minor rebound and is trading around 1.0410; however, the technical indicators still suggest a bearish outlook.
The price is nearing a critical area where it may continue to decline. Our analysis reveals an imbalance on the Daily timeframe that could signal a further downturn. For more detailed insights, please refer to the link provided below.
Following the last Federal Reserve policy meeting of the year, the central bank announced a reduction in its policy rate by 25 basis points, aligning with market expectations, bringing it to a range between 4.25% and 4.5%. In their accompanying statement, the Fed emphasized that they would take into account incoming data, the evolving economic landscape, and the balance of risks when evaluating future rate adjustments.
In the aftermath of the Fed's decision, the US Dollar (USD) gained substantial strength, leading to a sharp decline in the EUR/USD pair. Moving forward, our outlook suggests the potential for a new bearish correction in the market as we navigate these developments.
Previous close position SHORT
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6E1!
Weekly Forex Forecast: EURUSD Is Bearish. Wait For SELLS!This forecast is for the week of Dec. 16 - 20th.
EURUSD has formed a bearish breakout of the consolidation. Clearly the momentum is to the downside. WIll we see this continue into next week? Yessir!
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
May profits be upon you.
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I appreciate any feedback from my viewers!
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Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Weekly Forex Forecast: EURUSD May Pullback This Week!EUR Futures has printed a bullish Inside Bar on the Weekly TF. This potentially shows a shift in the market from a bearish to bullish bias. A pullback may be starting. This makes sense, as price has traded through the Swing Low, and a significant retracement is a bit overdue.
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
WEEKLY FOREX FORECAST OCT.25-29th: Look to Sell EURUSD!The EURO is weak, and has been for quite some time. Parity may be the destination, as it underperforms against the USD. The key will be not trying to pick the bottom, but looking for the end of an inevitable pullback! That will be a high probability sell entry!
This will be a classic ERL to IRL move. External Range Liquidity to Internal Rang Liquidity... back to External Range Liquidity (for the Lower Low).
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Weekly FOREX Forecast: BUY USD vs EUR GBP AUD NZD CAD CHf JPYThis is an outlook for the week of Nov 11-15th.
In this video, we will analyze the following FX markets: EUR, GBP, AUD, NZD, CAD, CHF and JPY.
The USD is strong and showing no signs of weakness. But price is at the highs, so there is potential for a pullback to start at any time.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
EUR/USD Outlook: Positive Start Amid Market Anticipation of CPI As I write this article, the EUR/USD pair is kicking off the London session on a positive note, currently trading at 1.0623. However, caution prevails as traders await the release of the US Consumer Price Index (CPI) data for October, scheduled for publication at 13:30 GMT.
The forthcoming CPI report is anticipated to reveal an uptick in annual headline inflation, expected to rise to 2.6% from September’s 2.4%. Meanwhile, the core CPI, which excludes the more volatile prices of food and energy, is projected to experience a steady increase of 3.3%.
This inflation data is set to sway market expectations regarding the Federal Reserve's (Fed) potential monetary policy actions in December. The market currently expects a 25 basis point cut in interest rates, bringing the target range down to 4.25%-4.50%, as indicated by the CME FedWatch tool. Nevertheless, the probability of this cut has decreased slightly, falling from 70% to 62% over the past week. Investors appear to be recalibrating their expectations, anticipating a more positive economic outlook for the US and heightened price pressures under the upcoming administration of President-elect Donald Trump.
From a technical perspective, the market has entered a weekly demand zone (link provided below), which might facilitate a price rebound. The Commitment of Traders (COT) report indicates that while retail investors remain bearish, institutional investors—referred to as 'smart money'—are adopting a bullish stance, albeit with a degree of caution. Our forecasts suggest a possible bullish trend extending into mid-January.
For now, we will await today’s news before considering any long positions.
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EUR/USD: Potential Decline Amidst US Dollar Strength and Econ...EUR/USD: Potential Decline Amidst US Dollar Strength and Economic Developments
As we delve into the forex markets, one of the most watched currency pairs, EUR/USD, is facing mounting pressures that could lead to further depreciation of the euro against the US dollar. A confluence of economic indicators, political shifts, and technical analysis suggests that the outlook for the euro may not be optimistic in the near term.
US Dollar: Strength from Political Winds
Recent trade activity surrounding the US dollar has gained traction, particularly as the Republican Party appears positioned to exercise substantial influence over the economic agenda. With a focus on implementing expansive tax cuts and trimming government spending, the potential for an invigorated US economy grows. This could lead to increased investor confidence in the greenback, bolstering demand and ultimately driving the EUR/USD pair lower.
Moreover, support for the US dollar may be further fortified by upcoming economic announcements. Today's schedule is packed with significant economic data, including the unemployment claims, the Federal Funds Rate decision, the FOMC Statement, and the FOMC Press Conference. Each of these factors will provide insight into the health of the US economy and the potential direction of monetary policy, likely impacting the dollar's trajectory.
Impact of Trump Tariffs on Europe
The economic climate in Europe could face challenges as the repercussions of Trump-era tariffs continue to reverberate. Concerns regarding sluggish growth rates in key Eurozone economies may prompt the European Central Bank (ECB) to adopt an even more accommodative stance. Analysts speculate that the ECB could consider cutting interest rates to near zero by 2025 if economic expansion remains tepid. Such a move would further weigh on the euro, making it less attractive to investors compared to a potentially rising dollar.
Technical Analysis: Possible Demand Area
From a technical perspective, the EUR/USD pair appears to be approaching another critical demand area. Recent Commitment of Traders (COT) data highlights a contrasting sentiment in the market, with retail traders predominantly holding bearish positions, while "smart money" seems to be accumulating long positions. This divergence can be a strong indicator of upcoming price movements.
Analysis of the daily footprint suggests that the price has recently reached and confirmed this demand zone, which may provide a potential reversal opportunity. In line with seasonal forecasting, traders may want to keep an eye on historical patterns that indicate a possible bullish surge.
Daily Footprint 6E1!
Crafting a Trading Plan
Given the myriad of factors at play, traders should align their strategies with their trading rules and risk tolerance. As the economic landscape evolves, the decisions made in the coming days and weeks will be crucial.
Monitor Economic Data: Pay close attention to today's economic releases. Positive data could further bolster the USD, while any sign of weakness in the Eurozone could hasten the depreciation of the euro.
Watch Technical Indicators: Keep an eye on key support and resistance levels. A sustained move below the current demand area could signal a bearish continuation.
Consider Seasonal Trends: Be aware of seasonal patterns that might indicate a potential bullish retracement. Market dynamics can shift quickly, so having a flexible plan is essential.
In conclusion, while the EUR/USD pair is currently under pressure, the interplay between political developments, economic indicators, and technical signals may create opportunities for discerning traders. Staying informed and adaptable is key as the market navigates through this evolving landscape.
Previous Idea closed:
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Take the Red Pill: The EURO COT Long Play RevealedTake the Red Pill: The EURO Long Play Revealed
"Let me tell you why you're here. You're here because you know something. What you know, you can't explain, but you feel it." – Morpheus
Most traders move blindly through the markets, buying and selling on impulse, on what they think they know. But for those who understand how to read deeper signals, patterns begin to emerge—patterns that separate the merely active from the truly informed. Right now, if you're willing to look, Commitment of Traders (COT) data is showing us something intriguing about the EURO. This is your red pill: a glimpse into how those in the know see beyond the chart.
The Setup: A Commercial Long Play
Behind the scenes, commercials—the ones who have true skin in the game—have loaded up on longs, reaching a 26-week extreme in positioning. Not only that, but they're holding their longest exposure in three years, a sign that those with the best intel in the market believe in a coming shift. Meanwhile, the "small specs," often driven by emotion rather than insight, have gone nearly max-short. Historically, this group isn't just wrong; they’re almost predictably wrong.
The result? A textbook setup. But if you’re looking to take advantage, know this: jumping in without discipline is how people get burned. We wait for a confirmed trend change on the daily timeframe. Nothing less. Because only the disciplined get to see beyond the shadows and reap the rewards.
The Undervaluation: Gold, Treasuries, and the EURO’s True Position
If you look at the EURO in comparison to gold and treasuries, something stands out—it’s undervalued. This doesn’t show up in headlines or make for easy soundbites, but for those who know how to look, it’s a flashing signal. And there’s a seasonal edge, too: the EURO’s tendency to rally through mid-December. It’s another puzzle piece that, when added up with positioning extremes and market sentiment, paints a picture that only a few will truly grasp.
Supplementary Signals: Layers of Confirmation
For those still seeking confirmation, additional indicators are lining up: %R, Stochastic, and even bullish momentum divergence are signaling alignment. But understand this—the market doesn’t reward the impatient. We wait, observe, and move only when the trend change is confirmed on the daily chart.
The Truth Beneath the Surface
This is no ordinary trade idea. It’s a blueprint to help you see the hidden dynamics that move the market. Those who look only at surface price action may be blindsided by the moves yet to come. But for those willing to see beyond—those ready to know what the COT data, the fundamentals, and the seasonal tendencies are saying—this is a rare opportunity.
Now, if you’re ready to see what the rest don’t, follow Tradius Trades. You’ll be one of the few with eyes open, equipped to move with purpose.
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> "I didn’t say it would be easy, Neo. I just said it would be the truth."
COT Analysis - Currencies - DXY 6E & 6M SET UP FOR TRADES!COT analysis shows that the Euro and Mexican peso are nicely setup for longs upon a confirmation of bullish trend change on the daily. The only "fly in the ointment" here is that the DXY commercial positioning is still very bullish, which is a bit of a mixed signal. Ideally, we like to see the DXY & majors give opposing signals simultaneously.
That being said, 6E & 6M are nicely setup for longs upon a confirmed daily bullish trend change.
Have a good week.
WEEKLY FOREX FORECAST SEPT 7-11th: EURUSD EURUSD is at an OTE level currently, and may find support for higher prices. I am on the lookout for BUY setups, as I do not want to take shorts in this market until prices breaks below 1.0940.
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
EURUSD BULLISHNESS CONTINUESHello guys i still see bullishness on the euro dollar this is the low of the new monthly candle . i think price is going up higher for the previous years high please view my previous ideas for extra informations.
if we break that Monthly FVG The Idea is Invalidated.
next week we should see a hammer looking like candle and the monthy candle close should look like a hammer if we are going higher otherwise the idea is invalidated.
EUR/USD Faces Renewed Pressure as USD StrengthensThe EUR/USD pair has recently faced renewed downward pressure after reaching year-to-date (YTD) peaks beyond the 1.1200 level. This shift in momentum comes amid a resurgence in buying interest for the US Dollar (USD), which has dampened the pair's ability to sustain its upward trajectory.
Several factors have contributed to the recent rebound in the US Dollar. Mixed data from advanced Purchasing Managers' Indexes (PMIs) in the euro area have weighed against the continuation of the EUR/USD pair's march northward. This economic data suggested that the eurozone's recovery may not be as robust as previously anticipated, adding to the uncertainty surrounding the EUR. Additionally, the European Central Bank (ECB) recently released its Accounts, revealing that policymakers saw no immediate need to lower interest rates last month. However, they warned that a new discussion on the matter could take place in September as high rates continue to impact economic growth in the region.
From a technical perspective, the Euro has reached a strong supply area, as indicated by the EUR futures chart. This zone has acted as a significant barrier to further gains, and the pair’s inability to break above this level suggests the presence of substantial selling pressure. You can observe this technical resistance in the EUR futures chart on TradingView
EUR Futures Chart
Should the price manage to break through this supply zone, the next potential area for a reversal could be around the 1.3800 mark. However, this is contingent on several factors, including the broader economic landscape and the relative strength of the US Dollar.
Looking ahead, the US economy is expected to outperform Europe in the long term, suggesting that any prolonged weakness in the Dollar might be temporary. The stronger economic fundamentals in the US, coupled with potential policy adjustments from the Federal Reserve, could provide additional support for the USD, thereby exerting further pressure on the EUR/USD pair.
In conclusion, while the EUR/USD pair has shown some bullish tendencies in recent weeks, the combination of mixed economic data, technical resistance, and the potential for a stronger US Dollar suggests that the path forward could be challenging. Traders should keep a close eye on upcoming economic releases and central bank communications for further clues on the pair's direction.
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Fundamentally Setup Markets For This WeekI have identified the following markets are "set-up" for moves of some significance.
This video goes into the fundamental reasons for these trade ideas.
NOTE: I am not looking to go long/short these markets immediately. I will wait for a change in trend on the Daily to get involved with these markets. The tools used to identify these trade setups are not timing tools. The tools do give us an idea of how market participants with significant size and intelligence (commercials) are positioning themselves. The tools also give us an idea of sentiment, valuation, seasonality, and also an idea of what the (usually wrong) public/small traders are doing.
LONGS:
HEATING OIL (HO)
GASOLINE (RBOB)
MEXICAN PESO (6M)
SOYBEANS (ZS)
COTTON (CT)
SUGAR (SB)
SHORTS:
EURO CURRENY (6E)
JAPANESE YEN (6J)
SWISS FRANC (6S)
GOLD (GC)
30 YEAR TREASURIES (ZB)
Good Luck & Good Trading.
Shorting EUR/USD Amid Market SpeculationsWe are taking a strategic short position on the EUR/USD pair. The major currency pair has experienced strong gains recently, primarily driven by the US Dollar (USD) being under pressure due to firm market speculation that the Federal Reserve (Fed) might reduce interest rates in September.
Despite this bullish momentum, the EUR/USD pair seems to be approaching a resistance level that could trigger a reversal. This anticipated reversal aligns with our identified Supply area and the 78.6% Fibonacci retracement level. These technical indicators suggest that the pair is poised for a potential downturn.
Additionally, our analysis of the Commitment of Traders (COT) report, focusing on non-commercial speculators, supports this outlook. The data indicates a possible shift in market sentiment that could favor a bearish move. Coupled with our seasonal forecast, which also points towards a downturn, the confluence of these factors strengthens our case for shorting the EUR/USD pair.
In summary, the combination of technical resistance, COT data, and seasonal trends presents a compelling case for a short position on the EUR/USD. We are confident that the alignment of these factors provides a robust foundation for our trading strategy, anticipating a reversal from the current levels.
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EURUSD. Weekly trading levels 10.06.2024 - 14.06.2024During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade.
If you expect any medium-term price movements, then most likely they will start from one of the zones.
Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post.
! Please note that brokers have a difference in quotes, take this into account when trading.
The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :)
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I don’t play guess the direction (that’s why there are no directional arrows), but zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade.
Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat.
Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern.
Don't forget to like Rocket and Subscribe!!! Feedback is very important to me!
EURUSD. Weekly trading levels 3 - 7.06.2024During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade.
If you expect any medium-term price movements, then most likely they will start from one of the zones.
Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post.
! Please note that brokers have a difference in quotes, take this into account when trading.
The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :)
----------------------------------------------
I don’t play guess the direction (that’s why there are no directional arrows), but zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade.
Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat.
Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern.
Don't forget to like Rocket and Subscribe!!! Feedback is very important to me!
EURUSD. Weekly trading levels 27 - 31.05.2024During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade.
If you expect any medium-term price movements, then most likely they will start from one of the zones.
Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post.
! Please note that brokers have a difference in quotes, take this into account when trading.
The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :)
----------------------------------------------
I don’t play guess the direction (that’s why there are no directional arrows), but zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade.
Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat.
Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern.
Don't forget to like Rocket and Subscribe!!! Feedback is very important to me!
EURUSD. Weekly trading levels 20 - 24.05.2024During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade.
If you expect any medium-term price movements, then most likely they will start from one of the zones.
Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post.
! Please note that brokers have a difference in quotes, take this into account when trading.
The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :)
----------------------------------------------
I don’t play guess the direction (that’s why there are no directional arrows), but zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade.
Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat.
Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern.
Don't forget to like Rocket and Subscribe!!! Feedback is very important to me!