Hi folks today I'm prepared for you Euro analytics. Some time ago, the price rebounded from the trend line and started to grow and later rose to the support level, which coincided with the support zone. Soon, EUR broke this level, made a retest and even little declined than the 1.1000 level, after which continued to move up to the resistance level. When the Euro...
Hi folks today I'm prepared for you British Pound analytics. Some time ago price traded near the resistance zone, which coincided with resistance 1, but later it fell to this level, reached the trend line, and at once rebounded and made a strong impulse up to resistance 2. In a short time price broke this level, which coincided with one more resistance zone and...
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 When price entered to rising channel, it rose to $1.1010 resistance level, which coincided with resistance area. But then, Euro made downward impulse to support area, exiting from channel and starting to trades in wedge. In wedge, price made fake breakout of...
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 When price entered to upward pennant, it at once bounced from support line and rose to $1.0845 level. Soon, Euro broke this level, which coincided with support area, and rose to $1.1005 level, but at once made correction from it. After correction, Euro made a...
I think EURO is inside a range in bigger timeframe. We are in the support of the range now. Some bullish confirmation had been made: break of the trendline. We may see a retest of the trendline, and/or pattern formation in support zone (around yellow dotted line below), hence we can try to limit buy there. Should the support broken, we can try to...
Stock prices went down a lot during trading on Thursday, but they went up a lot during trading on Friday. Because of the rally that happened during the day, the main averages set new highs for the first quarter as they closed. As the trading day came to an end, the main averages went up even more, and at the end of the session, they were at their highest levels of...
On Friday, the US dollar fell as a result of mixed employment data, causing the euro to climb by half a point. Instead of the 450k projected, just 199k jobs were added to the non-farm payroll in December. The unemployment rate fell from 4.1 percent to 3.9 percent, and hourly wages increased by 0.6 percent, exceeding expectations. Many individuals believe the...
The most anticipated event of the week, a decision by OPEC+ on whether or not to cease its monthly 400,000 b/d oil production rise, turned out to be a bit of a non-event, with the nations agreeing to remain with the previous plan but retaining the flexibility to reverse that decision if required. While oil prices initially fell as a result of the revelation, later...
SO as it might seem a bit confusing I'll go through the details The market appears to be forming a double combination which is a zigzag-flat and in between, they're followed by a neutral triangle as an X-Wave. so if the market unfolds the flat pattern and the C of the Y-Wave behaves impulsively the flat would be the best scenario for now, if not the pattern could...
Trade Analysis Based on Fundamentals and Price Action. With Risk Management You Will Never Loss. Thank You. Feel free to share Your View and Comments Below.
Suggestion: BUY GBPUSD 1.299-30 SL BELOW 1.2960 TGT 1.3090/3100 ELSE SELL BELOW 1.2960 FOR 1.2895/2830 SL ABV 1.3030
Entry --> 121.35 Stop Loss ---> 120.55 Take Profit--> 123.95 Risk/Reward --> 3.25 Please Comment, Like, & Follow! This information is not a recommendation to buy or sell. It is to be used for educational purposes only. Please follow a proper risk management program when trading.7
This pair has been in a long term correction. Now, as it hit the 61.8% fibonacci retracement level and considered as the end of wave E, we might see a bearish run for this week. Looking to enter short after a lower high confirmation.
Entry --> 1.1243 Stop Loss ---> 1.1217 Take Profit--> 1.1315 Risk/Reward --> 2.8 Please Comment, Like, & Follow! This information is not a recommendation to buy or sell. It is to be used for educational purposes only. Please follow a proper risk management program when trading.
Looking at the Euro’s value in US dollars (EURUSD) to find the general trend and potential entries and exits. We can see historically, due to the momentum of the trend, that using a trend indicator like our Directional Bias Indicator has led to having a rather successful long./ short bias. Above the yellow line, the bar color is green, and the bias is long....
I believe the pullback is near the end. The bearish trend pullback to Fib 61.8%, which is also a resistance level now. 4H TF forms a 3-pin pattern reversal formation. DXY 4H TF shows a morning star formation. If we can get a EURUSD Daily TF reversal signal today, it would be great. However, any trade is risk, let's see what happens.