The Fiber (EUR/USD) is rising towards the pivot and could potentially drop to the 1st support. Pivot: 1.08843 1st Support: 1.08350 1st Resistance: 1.09356 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so...
The EUR/USD 1-hour chart shows a clear pattern of bullish movements, marked by three distinct legs of upward momentum. Each leg is followed by a pullback, indicating a consistent pattern of price corrections after bullish advances. Given this recurring behavior, it is likely that EUR/USD will experience another pullback similar to the previous movements. For the...
The EURUSD pair hit the top (Lower Highs trend-line) of the 5-month Channel Down and got immediately rejected. This pull-back is most likely the start of the new Bearish Leg on its way for a Lower Low at the bottom of the pattern. Technically, we are on almost perfect symmetry with the previous Leg, which formed a Lower High after a 4H Golden Cross. When the 4H...
There's a bullish sentiment in both the short-term and mid-term outlooks for the pair. Two critical zones to watch are approximately 1.08356 and 1.08585. Consider ECB Financial Stability Review and then enter regarding your personal setup.
EURUSD is currently at the PRZ zone with a bearish divergence. We can expect a short from here. Sentiments are also +91% short.
EURUSD is overbought on its 1D technical outlook (RSI = 71.115, MACD = 0.002, ADX = 33.336) with the price approaching the top/ LH trendline of the long term Channel Down. It is already past the 0.618 Fibonacci level, where the last LH got rejected but the 1D RSI is right where the tops of December 27th 2023 and March 7th 2024 where formed. This is a solid low...
Hey Traders, in today's trading session we are monitoring EURUSD for a buying opportunity around 1.08350 zone, EURUSD was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.08350 support and resistance area. Fundamentally the CPI of today was quiet priced, nothing...
I'm going to start from the yearly timeframe and work my way down to the monthly, weekly, and lastly the daily timeframe. Here on the yearly timeframe we have price coming into a yearly SIBI a couple of times before displacing down into a yearly Sibi. After which, we have a close above equilibrium, and the subsequent year came up into a yearly Breaker (Body)...
Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.08 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.08 support and resistance area. Trade safe, Joe.
Daily Chart Analysis: A long-term bearish channel is evident. Additionally, a mid-term bullish channel is clearly visible. 1-Hour Chart Analysis: A short-term bullish channel has formed. Trading Strategy: Await a breakout above the zone to consider long positions. Alternatively, short trades could be initiated after a break below the weekly pivot at 1.07605 and...
The Fiber (EUR/USD) has just reacted off the pivot and could potentially drop to the 1st support. Pivot: 1.0798 1st Support: 1.0727 1st Resistance: 1.0852 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so...
The EURUSD pair completed on Friday its first Golden Cross on the 4H time-frame since February 29. Technically that is a bullish pattern but we are only willing to treat it as a buy opportunity if the pair closes a 4H candle above the Lower Highs trend-line). If it does, we will most likely have a bullish break-out like March 06 towards the 0.618 Fibonacci...
Welcome to another R2F Weekly Market Analysis using ICT Concepts along with my own discoveries. Without any prior preparations on the chart, I'm going to go through various pairs, and giving a real-time view of how I perform my analysis on the weekends before the new week. I'll give my take on what has been happening, and what i'm expecting in either the coming...
Price has reacted off the resistance level which is a pullback resistance and could potentially drop from this level to out take profit. Entry: 1.07879 Why we like it: There is a pullback resistance level. Stop loss: 1.08123 Why we like it: There is a pullback resistance level. Take profit: 1.07289 Why we like it: There is an overlap support level which aligns...
This is my Weekly analysis on EURUSD for 13-17 May 2024 W20 based on Smart Money Concept (SMC) which includes the following: Market Sentiment Weekly Chart Analysis Daily Chart Analysis 4H Chart Analysis Economic Events for the Week Market Sentiment The narrative surrounding the monetary policy divergence between the Fed and the rest of its G10...
EUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world. Follow real-time EUR/USD rates and improve your technical analysis with the interactive chart. Discover the factors that can...
The next move for gold hinges on the unemployment news of Preliminary UoM Consumer Sentiment. Any breaks above or below 2320 or 2303 respectively indicate a continuation of the trend. Consider entering after a breakout or on reversals.
Two scenarios: If the composite index level based on surveyed consumers favors USD or remains normal, we'll follow the red path towards the bottom of the bullish channel. If any announcement exceeds 77, there's a possibility of breaking below the bottom of the channel. The dotted green path is in case of any surprise gains for the US dollar. In that scenario,...