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Buyeurusd

EUR/USD: growth will continue (but correction is unavoidable).The euro looks strong throughout the week. The nature of the movement predicted in the previous forecast came true, only the numbers did not match. Once again, there is a bearish divergence on the M15 and H1 charts. The charts are short-term, therefore, the signal is also valid for several days. The upside bounce, that began on 28/01/2022 is still a corrective movement within the downtrend. However, this impulse is equal in magnitude to the downward movement preceding it (14-18/01). Therefore, we can speak, at least, about the conversion of the downtrend 2021-2022 in flat. Given the upside momentum and the bullish daily chart divergence, we expect the pair to continue rising after the correction. Based on the available markings for Fibonacci levels and the actual support and resistance levels displayed by the price on charts, we will single out two most likely areas for the end of the correction. This is the range of levels 1.1330-45 and, more likely, 1.1250-60. After the end of the correction, as the main scenario, we consider the growth of the euro to the levels of 1.1600 and above. The optimistic scenario assumes growth to the range of levels from 1.1670 (261.8% Fibo-extension from the growth wave 28/01-02/02) to 1.1700 (161.8% Fibo-extension from the growth wave 28/01-04/02). The medium forecast, based on the ratio of previous values of ascending and descending movements, assumes that the pair will reach the level of 1.1600 (in this area there is a long-term price level and a 38.2% correction level of the entire trend in 2021-2022). Other (less expected) versions for the situation's evolution. 1. Formation of a time-symmetrical figure, the left part of which was formed from November 2021 and ended with a minimum at the end of January 2022. In this case, we’ll see fluctuations in a narrow range within 1.5-2 months. 2. The fall of the euro to the January minimum. Then, the strength of the upward momentum is compensated by the fall and EUR/USD, as well as in the previous version, will stay in the range. How to trade. Open long in EUR/USD after the end of the correction with a target of 1.1600. Correction's end is determined by the achievement of support levels 1.1330-45 or 1.1250-60 and the signals of the indicators on the M15 chart. The expected date for the end of the correction is 08 or 09.02. The stop-loss level is below the correction's minimum. P.S. It’s possible to sell EUR/USD short-term, but it seems to us more risky.
Long
by ForbesRatingN1
It's time 2 strike on DollarOn the daily chart of the EUR/USD , the completion of a bullish divergence is observed today. Euro has reached a 50% correction to the downward impulse on January 14-28, 2022 and the resistance level is around 1.1313. These and other factors of our trading strategy give a signal for the growth of the Euro. We believe that the first wave of this growth has come to the end, as evidenced by the signals of a bearish (double) divergence on H1 chart. It is too early to talk about the medium-term reversal of the pair's trend, however, already now we can assume the growth of the pair to the new local highs above 1.1500. Since the wave 1.11214-1.13298 is the first wave of the expected, at least a three-wave cycle, then the correction to it is assumed to be quite deep - at least 50%, and in the classical version of the wave cycle evolution - up to 61.8%. After the end of the correction, we expect growth to the levels of 1.1520-1.1540 (1.15382 - 200% Fibonacci extension from wave 1.11214-1.13298, 1.1520 – long-term level of support and resistance). To enter a trade at the end of the correction, it is necessary to monitor the situation at short timeframes (ideally, at M15). Also, there is a version for a deeper correction - up to 100%, with an approach and even, possibly, with a short-term puncture of the low of 1.11214. In this case, we will see a classic double bottom or a figure close to it. So, the targets of 1.1480-1.1490 will become even more obvious. How to trade. Waiting for the end of the correction to the impulse 1.11214-1.13298. Reference point - Fibonacci correction levels and signals of indicators on the M15 charts. Open long in EUR/USD with targets 1.1520-1.1540, stop-loss - at the level of the correction minimum or at 1.1120. A situation similar to the EUR/USD is emerging on the charts of the AUD/USD and NZD/USD.
Long
by ForbesRatingN1
EURUSD ANALYST: AMUN SULED ➖ COMPANY: OCSI CAPITAL MANAGEMENT ➖ IMPORTANT INFORMATION:📌 - ORDER FLOW : * LSB: breaker retest * PROJECTED TP : * PROJECTED SL: Hi master traders! welcome to another trade idea with Genius Chart. If you like what you see and it helps you ,please support our work by writing a comment and SMASHING that like button! 👍🏾 its us against the markets❗️ Our mission is to provide the tools and knowledge to people across the world and help them tap into uncharted potentials and obtain unimaginable financial freedom. if you hang around this profile long enough you will start to visually learn valuable lessons that will help you put your puzzle together as we are all on our own journey. Why should you follow our profile on Trading View❓ ➖you will get ➖ 🥇Clean charts 🥈Consistent chart updates with our highest probability set ups 🥉 Analysis on a wide range of major markets ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ♟Legal Risk Disclosure Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
Long
by genius-chart
EURAUD ANALYST: AMUN SULED ➖ COMPANY: OCSI CAPITAL MANAGEMENT ➖ IMPORTANT INFORMATION:📌 - ORDER FLOW : BEARISH * LSB: breaker retest * PROJECTED TP : * PROJECTED SL: Hi master traders! welcome to another trade idea with Genius Chart. If you like what you see and it helps you ,please support our work by writing a comment and SMASHING that like button! 👍🏾 its us against the markets❗️ Our mission is to provide the tools and knowledge to people across the world and help them tap into uncharted potentials and obtain unimaginable financial freedom. if you hang around this profile long enough you will start to visually learn valuable lessons that will help you put your puzzle together as we are all on our own journey. Why should you follow our profile on Trading View❓ ➖you will get ➖ 🥇Clean charts 🥈Consistent chart updates with our highest probability set ups 🥉 Analysis on a wide range of major markets ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ♟Legal Risk Disclosure Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
Long
by genius-chart
10-14 May EUR/USD buy ideaPrice got higher high on Friday and jumped over the wave 5 of last impulse move. So I would like to buy on correction between 0.236 and 0.382 Fib Retracement or around 1.21250. And targets is 1.222 as February high and medium resistance level. And monthly target is 1.23 as Jan '21 high. Seems like wave 1, so wave 2 will slightly dump the price to .618-.382 of Fib Retracement and then we'll get a great 3rd wave. This all supported by bunch of news for USD this week and forecast for them are not good at all. GL & HF
Long
by Fridrex
3