A lowering of U.S. interest rates may be necessary, but the downside risk is a weaker USD. And a significantly weaker dollar may cause inflation to creep back up again. Today, I will share a little hack on how to track and preempt the U.S. dollar’s direction. To conclude: Long-term - Down Mid-term - Range to a breaking point Currencies Futures and Options...
Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.10900 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.10900 support and resistance area. Trade safe, Joe.
The EUR/USD is nearing a significant supply area around 1.10500, with the pair currently showing signs of being overbought. The latest Commitments of Traders (COT) report highlights that retail traders are largely bullish on the pair, adding to the potential for a correction. The focus now shifts to the upcoming release of the Consumer Price Index (CPI) data for...
Just last week (August 05, see chart below), we stressed on the importance of the 1W candle closing following the break above the 13-month Lower Highs trend-line (top) of the Triangle pattern: The week eventually closed in losses (red 1W candle) and below the Lower Highs, which gave a bearish signal upon a technical rejection. This is a Double Higher High...
EUR/USD is rising towards the resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.0943 Why we like it: There is an overlap resistance level which aligns with the 50% Fibonacci retracement. Stop loss: 1.1008 Why we like it: There is a pullback resistance...
Potential Trade Setup on EURUSD Prior to the spike which was initiated by the July NFP data released. EURUSD seem to be ranging since then, however there is an opportunity for trade setup moving forward.. The price is developing, and I am waiting for either a break above the resistance and retest of that zone to take a a BUY trade, or Alternatively if the price...
Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.09150 zone, EURUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.09150 support and resistance area. Trade safe, Joe.
With the expectation of rate cuts from the Fed, EURUSD might experience buying interest, at least in the near term. Watch the video for more details. FX_IDC:EURUSD EASYMARKETS:EURUSD Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's...
based on this powerful trading indicator attached to my chart, it forecasts a good buying opportunity for the EURUSD. We will be taking profit at the next resistance level (white line shown on the chart)
EUR/USD is rising towards the resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.0943 Why we like it: There is an overlap resistance which lines up with the 38.2% Fibonacci retracement. Stop loss: 1.1008 Why we like it: There is a pullback resistance...
Based on this trading indicator attached to the chart - the EURUSD looks like it is ready to move upwards in the next few days + weeks towards the next resistance levels. This is a great buying opportunity with profitable potential!
EUR/USD has reacted off the resistance level which aligns with the 127.2% Fibonacci extension and could fall to our take profit. Entry: 1.0992 Why we like it: There is a resistance level that aligns with the 127.2% Fibonacci extension. Stop loss: 1.1052 Why we like it: There is a resistance level which lines up with the 161.8% Fibonacci extension. Take profit:...
Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.09500 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.09500 support and resistance area. Trade safe, Joe.
The EURUSD pair broke today above the top (Lower Highs trend-line) of the Triangle pattern that started on the July 17 2023 high. The more shorter term pattern has been a Channel Up (blue) since the April 15 2024 Low and today's break-out, has tested its top. Those are two conflicting trends, so the key here is to observe the 1W candle closing and then take...
After NFP data, the EUR/USD made a big move and finally ended its correction. For now, the price will eventually reach the 1.10 zone. Our technical view has been shown in the chart. If you like it then Support us by liking, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for...
EUR/USD is rising towards the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci projection and could reverse from this level to our take profit. Entry: 1.0944 Why we like it: A pullback resistance level lines up with the 61.8% Fibonacci projection. Stop loss: 1.0995 Why we like it: There is a resistance level at the 127.2%...
Upcoming goals for the coming months Getting liqudity in the shadows
EURUSD price on zone, after FOMC on wendsday and today nonfarm events, here expecting to see bullish start TP1: 1.13200 (400)