EUR (Euro)
EURGBP to find sellers at marabuzo resistance?EURGBP - 24h expiry
Broken out of the channel formation to the downside.
Yesterday's Marabuzo is located at 0.8431.
Preferred trade is to sell into rallies.
The primary trend remains bearish.
We look for a temporary move higher.
We look to Sell at 0.8430 (stop at 0.8446)
Our profit targets will be 0.8390 and 0.8375
Resistance: 0.8420 / 0.8430 / 0.8445
Support: 0.8415 / 0.8404 / 0.8380
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
EURCHF - 4hrs ( Buy Trade Target Range 140 PIP 🟢Pair Name : EUR/CHF
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🟢Key Technical / Direction ( Long )
Type : Mid Term Swing
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✅Bullish Break
0.94400 Area
Reasons
✅- Major Turn level
✅- Visible Range Lvn
✅- Head & Shoulder Break
✅- Day / Week High Break
✅- Fixed range Hvn
✅- Choch Zone
✅Bearish Reversal
0.95900 Area
EURNOK Confirmed sell signalThe EURNOK pair brutally followed our last buy signal (July 09, see chart below) and easily hit our Target:
The pair has now established a clear peak formation within the +1 year Ascending Triangle pattern, similar to the tops of Nov - Dec 2023 and June 2023, and is ready to extend the Bullish Leg towards the pattern's bottom (Higher Lows trend-line) again.
The Sine Waves clearly show the frequency of those bottoms and as such, our Target is 11.3650.
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Could price reverse from here?EUR/JPY is rising towards the resistance level which is a pullback resistance that is slightly below the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 159.52
Why we like it:
There is a pullback resistance level that is slightly below the 61.8% Fibonacci retracement.
Stop loss: 161.22
Why we like it:
There is a pullback resistance level that lines up with the 78.6% Fibonacci retracement.
Take profit: 157.48
Why we like it:
There is an overlap support level.
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Falling towards 61.8% Fibonacci support?The price is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance level which is also an overlap resistance.
Pivot: 1.1073
1st Support: 1.1019
1st Resistance: 1.1150
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 please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Sell EURUSD Channel Breakout (FOMC) The EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.1117, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.1076
2nd Support – 1.1051
Stop-Loss: To manage risk, place a stop-loss order above 1.1152. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
EURO - Price can bounce up from wedge, exiting from itHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Recently price entered to rising channel, where it at once made a correction to support line and then continued to grow.
In a short time, price rose to resistance line of channel, but at once bounced down, making a fake breakout of $1.1120 level.
EUR exited from channel and started to trades inside wedge, where it broke $1.1050 level and fell to support line.
Next, price made upward impulse, thereby breaking this level again and later EUR broke $1.1120 level too.
Now, price trades near support area, and in my mind, it can fall to this area and then bounce up.
After this, price will exit from wedge and continue to move up to $1.1180
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EUR/USD Holds Steady Above 1.1120 Ahead of Crucial Fed Rate ...EUR/USD Holds Steady Above 1.1120 Ahead of Crucial Fed Rate Decision
As the first London session kicks off this morning, EUR/USD is maintaining its position above the 1.1120 level, with market participants eagerly awaiting today's Federal Funds Rate decision by the U.S. Federal Reserve. The decision is set to dominate market sentiment, with investors and traders closely watching for any signs of policy shifts or forward guidance.
Current Market Sentiment
From a technical standpoint, not much has changed since our previous analysis. The Commitment of Traders (COT) report continues to highlight a significant divergence between retail traders and institutional investors. Retail traders remain overwhelmingly long on the pair, suggesting their optimism for further upside. However, "smart money," often represented by institutional traders, continues to take a bearish stance, positioning themselves for potential downside.
This disparity in positioning further adds to the uncertainty surrounding EUR/USD’s near-term trajectory. As the pair trades within a daily supply zone, the potential for a bearish reversal remains on the table. The supply zone, which has acted as a resistance level, continues to cap any significant bullish advances, keeping the risk of a sharp pullback intact.
Fed Decision: The Key Catalyst
All eyes remain on the Federal Reserve’s policy verdict, which could serve as the key driver for the next move in EUR/USD. The Fed's decision on interest rates, along with its forward guidance, will likely dictate the pair's direction in the coming days. A more hawkish stance from the Fed could fuel U.S. dollar strength, potentially pushing EUR/USD lower. Conversely, any dovish signals might provide the pair with a fresh catalyst for breaking through the current resistance levels.
For now, EUR/USD continues to hover above 1.1120, but the looming Fed decision may be the tipping point that decides whether the pair resumes its bullish momentum or succumbs to the bearish sentiment from institutional traders.
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XAU/EUR "GOLD MINES" Bearish Robbery Plan to steal GoldHola ola My Dear 🤑💰,
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Bullish bounce?EUR/USD is falling towards the support level which is an overlap support that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.1075
Why we like it:
There is an overlap support that lines up with the 50% Fibonacci retracement.
Stop loss: 1.1025
Why we like it:
There is a pullback support level which aligns with the 78.6% Fibonacci retracement.
Take profit: 1.1139
Why we like it:
There is a pullback resistance level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
#EURCHF 4HEUR/CHF 4-Hour Chart Analysis: Buy Opportunity
Overview
The EUR/CHF currency pair has recently experienced a significant technical event on the 4-hour chart: a trendline break. This development presents a potential buying opportunity for traders looking to capitalize on the shift in market dynamics.
Key Observations:
Trendline Break: The pair has breached a key descending trendline that had been guiding the price movement lower. This break suggests a potential reversal or at least a pause in the downtrend, opening up possibilities for upward movement.
Market Sentiment: The trendline break often indicates a shift in market sentiment from bearish to bullish. This can attract buying interest and result in upward price momentum.
Confirmation: For a more reliable trade signal, look for confirmation through increased trading volume or additional technical indicators such as RSI or moving averages that support the bullish scenario.
Trade Setup:
Entry Point: Consider entering a buy position around the current price level or on a slight pullback to the broken trendline, which might now act as a support zone.
Stop-Loss: Set a stop-loss order below the recent swing low or the trendline to manage risk in case the market does not follow through on the bullish signal.
Target Levels: Identify potential resistance levels or use technical tools to set profit targets. The next significant resistance might be found at previous highs or psychological levels.
Conclusion
The break of the 4-hour trendline in the EUR/CHF pair indicates a potential buying opportunity. Traders should watch for additional confirmation signals and manage their risk accordingly. Keep an eye on market conditions and news that might impact the EUR/CHF pair to adjust your strategy as needed.
CHFEUR in doldrums but entry for bullish run comingCHFEUR will get its push from the expected fall in the AMEX:USD this week. The EUR holders will seek some safety here and this will tie in with an established pattern observed since May where the CHF against the EUR has been following a clear ascending channel as in the 2hr chart. Expectations are a confirmed bullish breakout at about 1.0687 as a start of a more significant rise to the high of 1.0857. From here will be the more significant resistance and retracement.
CHFEUR in doldrums but entry for bullish run comingCHFEUR will get its push from the expected fall in the AMEX:USD this week. The EUR holders will seek some safety here and this will tie in with an established pattern observed since May where the CHF against the EUR has been following a clear ascending channel as in the 2hr chart. Expectations are a confirmed bullish breakout at about 1.0687 as a start of a more significant rise to the high of 1.0857. From here will be the more significant resistance and retracement.
EURUSD extends uptrend due to dollar weakness
EURUSD advanced to the 1.1140 level after breaching the descending channel’s upper bound as the dollar’s weakness intensified. EMA21 is widening the gap after golden-crossing EMA78, indicating an apparent bullish signal.
If EURUSD holds above EMA21, the price could gain upward momentum toward the 1.1200 resistance. Conversely, if EURUSD fails to keep the 1.1100 support, where EMA21 intersects, the price could fall further to 1.1050.
EURGBP Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.84300 zone, EURGBP was trading in an uptrend and currently is attempting to break it out. If we get decent dips below the support we will be watching a potential retrace of the trend towards more downsides!
EURUSD Potential DownsidesHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.11200 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.11200 support and resistance area.
Trade safe, Joe.
Bearish reversal?The Fiber (EUR/USD) is rising towards the pivot which acts as an overlap resistance and could reverse to the 1st support level which is also an overlap support.
Pivot: 1.1150
1st Support: 1.1071
1st Resistance: 1.1201
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 please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Sell EURCHF Triangle BreakoutThe EUR/CHF pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 0.9395
Target Levels:
1st Support – 0.9353
2nd Support – 0.9324
Stop-Loss: To manage risk, place a stop-loss order above 0.9412. This helps limit potential losses if the price falls back unexpectedly.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
EURNZD short term bias turned positive.EURNZD - 24h expiry
Short term bias has turned positive.
Mixed but positive price action has resulted in consecutive, narrow-ranged, sideways trading days.
We look to buy dips.
50 4hour EMA is at 1.7932.
Our outlook is bullish.
The sequence for trading is higher highs and lows.
We look to Buy at 1.7940 (stop at 1.7880)
Our profit targets will be 1.8090 and 1.8120
Resistance: 1.8000 / 1.8029 / 1.8070
Support: 1.7960 / 1.7900 / 1.7850
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.