Eruusd
Easy-to-Spot Bullish Forex PatternsHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
For the biggest part, I prefer to trade reactive rather than predictive. Chart patterns really come in handy with this strategy. Here are my top easy to spot chart patterns, specifically focused on bullish chart patterns today. The green highlight dots are to help identify the margins of the pattern and the purple highlighted dot is where a long entry can be taken.
While you're here 👀 See this related idea on EURUSD from the monthly timeframe:
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EURUSD: Buy at low levels today
This is the 30-minute chart of EURUSD, where I've marked the resistance zone and strong resistance level, as well as the entry points. The overall trend today is bullish, with the first step being to see if the resistance zone can be broken. If it can, we'll look to the strong resistance level for our next target. If it can't be broken, we can enter a short position after taking profits on our long position, with the profit target near 1.053-1.045.
Today is Thursday, and I don't expect the market to have too much volatility, especially since there will be a highly influential non-farm payroll report tomorrow. The market should maintain minor fluctuations as it awaits the release of this data.
Of course, we can't rule out the possibility of the market moving in anticipation. If the non-USD market surges ahead of the report and the data is unfavorable for the USD, the non-USD market will probably continue to rise, but the amplitude won't be too large. Conversely, if the USD is bearish and the non-USD market surges ahead of the report, it will likely experience a significant drop after the data is released.
I'll provide a more detailed analysis based on the market trends before the release of tomorrow's data. Today's trading should focus on buying at low levels.
Thank you for your attention and support. I'll continue to share more interesting trading strategies, and if you have any questions, please leave a message and I'll provide you with the most reliable solution to help you solve your problems!
Wishing you a wonderful day!
EUR/USD: Sell at the range of 1.0610-1.0620.
Yesterday, the US Commerce Department released January durable goods data, which showed a significant decline, causing concerns about the US economy and triggering a drop in the US dollar index. Today, the US dollar index is expected to return to a slow upward trend, so it may be appropriate to buy at a low level. Correspondingly, for the EUR/USD currency pair, it may be advisable to sell on rallies today. Based on the market situation, the following suggestions are given for reference:
Sell at the range of 1.0610-1.0620, with a stop loss of 20 points and targets at 1.0590, 1.0570, and 1.0550.
TVC:DXY FX:EURUSD OANDA:EURUSD FOREXCOM:EURUSD
EURUSD - CURRENT SENTIMENT ANALYSE , DXY #EURUSD
- As of last day, the MARKET SENTIMENT for EUR was slightly UP SIDE. The main reason for that is that the dollar is starting to weaken quite a bit. The dollar has strengthened after the December FOMC. All MARKETS including STOCKS and COMMODITIES are going down slightly due to the OFF of MARKET RISK.
But with RETAIL SALES, ISM MANUFACTURING DATA, and FED UPDATES, this situation may change in the future. Therefore, if the FED continues to be HAWKISH, the USD can definitely go UP. So keep an eye on FED UPDATES and US DATA.
- Definitely, according to the market structure, EURUSD can go down to the support level of 1.0418 below. At the moment, there is quite a DOWN SIDE BIAS in the MARKET for EUR. After that, EURUSD can go up to 1.1000 LEVEL. If the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP, there will be more EURUSD BUY. So keep an eye on it.
Wedge Bottom, Possible Upward Move on EURUSDAfter breaking trading range from bottom, EURUSD saw strong sold off.
On big picture you can see 3 pushes down and wedge bottom.
It is also at the end of 2nd leg down, and after 2 legged movements we usually see corrections.
First target is bear TL for bulls and higher prices after breaking this TL.
USDJPY - Reversal SignalsIn the left chart (4H time frame), you can see buyers are weak now and couldn't push the price to cross the supply zone (136.4-136.7)
The angle of the upward leg is lower than the downward leg and shows a possible pullback.
On the other hand, in the 1H chart, we have a large green candle, which after that, the price completely reversed with two candles, so it's more likely to be an exhaustion gap. Almost we have a double top.
All price action data shows that it's hard to break this resistance zone, and probably we will have a reversal trend with at least the demand zone.
We have 3 Doji candles in the 4H chart; those are the signal bar for us, so I will sell if we have a valid bearish key bar and the uptrend line break.
EURO - Wedge to a bull trendEURO - Wedge to a bull trend
hello everyone
As I have mentioned before In my previous analysis, we have a wide divergence and we can have a reverse pattern by the end of the week ( double bottom ideally). I expect to see a good bull bar with almost no shadow on ether side on daily.
The last week's candle closed with a long shadow and a small bear body that can be the end of selling pressure hopefully.
our resistance level is 1.09$ and our support level is 1.078$, and I expect to have the price touches our resistance level by the end of this week.
GOLD_Daily_TAAreas of support and resistance of precious gold have been identified. There is a possibility of breaking the trend line ahead and raising the price, or failing to break the trend line and lower the price up to the first support area.
I hope my analysis is useful, thank you for your support.
⏳update
👸rain_kian
📅Sunday, February 13, 2022
🤷♀DYOR
SLP/USDT_Daily_TASupport and resistance areas have been identified. I try to break the downtrend line and increase the price until the next resistance or be unable to break the downtrend line and reduce the price until the previous support.
I hope my analysis is useful, thank you for your support.
⏳update
👸rain_kian
📅13.02.99
🤷♀DYOR
GOLD: recovery in jeopardyAnd so, the instrument was able to grow over Monday, but this recovery is under threat. The price is moving in a downtrend channel. Being at the resistance line of this channel, GOLD runs the risk of returning to 1770, and then continuing on its way to 1750.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Bearish market comesIn recent days, positive dollar news was released by the Federal Reserve, which was a positive signal for the growth of the dollar.
Over the past week, the EUR / USD chart has tried several times to break the 1.175 price ceiling, but failed.
This chart is in a downtrend.
However, if it can break the 1.175 ceiling, it can be said that the market is bullish.
At the beginning of the week, the price chart is expected to reach 1.173 and then the market will fall.
Germany's manufacturing PMI was lower than last week's market forecast. Other euro figures were weaker against the dollar.
In this analysis, two areas for entry are highlighted in blue. Losses are marked in red and profit areas are marked in green.
This is just an analysis. Not a financial recommendation