Sell EUR/AUD Bearish ChannelThe EUR/AUD pair on the M30 timeframe presents a potential selling opportunity due to a well-defined Bearish 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 1.6370, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.6300
2nd Support – 1.6260
Stop-Loss: To manage risk, place a stop-loss order above 1.6400. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
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EUR (Euro)
Bearish drop?EUR/USD has reacted off the resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could drop from this level to our take profit.
Entry: 1.1137
Why we like it:
There is an overlap resistance that lines up with the 50% Fibonacci retracement.
Stop loss: 1.1200
Why we like it:
There is a pullback resistance level.
Take profit: 1.1047
Why we like it:
There is a pullback support level that lines up with the 78.6% Fibonacci retracement.
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EURNZD I Potential buy from bottom of the channel
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** EURNZD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
EURUSD: Neutral ready to breakout either way.EURUSD remains marginally neutral on its 1D technical outlook (RSI = 55.284, MACD = 0.003, ADX = 28.089) as it remains supported on the 4H MA50. At the same time it is bearish below the R1 level, which forms so far a Double Top. If the price crosses above it, we will turn bullish aiming at the 1.5 Fibonacci extension (TP = 1.13000). If the price crosses under the 4H MA200, we will turn bearish aiming at the S1 level (TP = 1.10000).
The 1D RSI is crossing under its MA trendline, which suggests that a bearish move is more likely, similar to every time this took place since June.
See how our prior idea has worked out:
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EURNZD Will Explode! BUY!
My dear subscribers,
EURNZD looks like it will make a good move, and here are the details:
The market is trading on 1.7753 pivot level.
Bias - Bullish
My Stop Loss - 1.7708
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.7825
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
EURUSD Sell opportunity on a Double Top.The EURUSD pair made a Double Top last week near the 1.12000 Resistance following the Fed Rate Decision (-0.50% cut) and technically this is the first sign of a potential medium-term sell opportunity.
If we examine the price action on the 1D time-frame going back 2 years (November 2020), we can see a recurring pattern. When the 1D RSI breaks above the 70.00 overbought barrier and posts a Lower Highs trend-line, a sell signal emerges, which is valid until the RSI approaches the 30.00 oversold level.
This sell signal has so far emerged 2 times (February 02 2023 and December 28 2023) and both times the pull-back that followed hit the 0.618 Fibonacci retracement level, below both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). The first correction registered a -4.70% decline while the second a -4.00%.
If this is a progressive pattern, then a potential new correction on the current RSI Lower Highs (Double Top for price) should be -3.30% (0.70 less than the previous), which as you can see on the chart falls exactly on the 0.618 Fibonacci retracement level.
As a result, this isn't just a strong sell signal but also gives us a very reliable Target at 1.08350.
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EUR/USD Reverses at Supply Level Amid German PMI WeaknessGermany’s Manufacturing PMI continued its decline, dropping to 40.3 in September, falling short of the forecast of 42.4. This latest figure signals ongoing weakness in Europe’s largest economy, as the manufacturing sector struggles with reduced demand and broader economic challenges. The PMI contraction adds further pressure to the already fragile outlook for the Eurozone, and it has contributed to the recent bearish moves in the EUR/USD pair.
As anticipated in our recent analysis, the EUR/USD reacted sharply to the supply level around 1.11500, starting a reversal following the weak data. The currency pair’s behavior confirms the importance of this key resistance area, which has once again acted as a barrier to further gains. The reversal gained momentum as the Services PMI for the German economy also disappointed, falling to 50.6 in September, below the expected 51.0. The combined weakness in both manufacturing and services sectors signals a broader slowdown in the German economy, weighing on the Euro.
Adding to the bearish outlook for the EUR/USD, the Commitment of Traders (COT) report shows a clear divergence in sentiment between retail traders and institutional investors. Retail traders remain largely long on the EUR/USD, reflecting optimism that the Euro will recover. However, "Smart Money" — large institutional traders — continue to hold a bearish position, suggesting that they expect further downside for the pair.
This contrast in positioning underscores the potential for more weakness in the Euro, particularly if the economic data from Germany and the Eurozone continues to disappoint. As smart money maintains a bearish stance and the EUR/USD begins its reversal, traders should remain cautious of potential short-term rallies and focus on the broader downtrend that seems to be forming.
Looking ahead, traders will keep a close eye on future economic data releases and central bank decisions, as these will likely shape the next leg of the EUR/USD’s movement. For now, the pair appears set to continue its downward trend, with the 1.11500 supply level serving as a strong point of resistance.
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TRADE SETUP ON EURUSDHey Trader,
Check out this analysis on EURUSD.
The entry plan is best above the intraday resistance area.
Alternatively, a short trade can be considered if the price breaks below the intraday key zone (support), retests, and resists. A short trade can be considered.
Trade safe.
You may find more details in the chart!
Thank you and Trade Responsibly!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Bearish reversal?EUR/CHF is rising towards the resistance level which is an overlap resistance that lines up with the 78.6% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.95218
Why we like it:
There is an overlap resistance level that aligns with the 78.6% Fibonacci retracement.
Stop loss: 0.95997
Why we like it:
There is a pullback resistance level.
Take profit: 0.94314
Why we like it:
There is an overlap support level.
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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.
Bearish reversal off pullback resistance?EUR/USD is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support level which acts as a pullback support.
Pivot: 1.1192
1st Support: 1.1081
1st Resistance: 1.1252
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EURUSD 22/09/24This week, we continue to expect a bullish Euro to US Dollar movement, similar to last week. The price moved higher and remained above the previous high. Now, our focus is on the daily high and an hourly demand zone that could drive further upside price action. We are also aligning with the institutional trajectory, which points upward. If the price dips to this level and shows bullish signals, we expect a continuation toward the daily high. At this point, we anticipate the price to remain bullish, with a small pullback likely before resuming its upward movement.
Follow what price action is showing you. Remember that these areas are only to be tracked in terms of probability, not in terms of prediction of actual price action.
Stick your plan follow your risk. trade safe.
How I Perform My Analysis (ICT Concepts)This video is for educational purposes, but feel free to enjoy the analysis using ICT Concepts.
I had trouble uploading this a couple of days ago, but finally works.
Update on the analysis, price came to a Daily SIBI, but the overall directional bias and target should still be intact.
- R2F
how to prepare for the trade. Professional traininghow to prepare for the trade. Professional training
if you like the idea, please "Like" it. This is the best "Thanks!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your friends.
EURNZD to find sellers at market price?EURNZD - 24h expiry
Short term bias has turned negative.
50 4hour EMA is at 1.7919.
We look for a temporary move higher.
Daily signals are mildly bearish.
Rallies should be capped by yesterday's high.
We look to Sell at 1.7915 (stop at 1.7960)
Our profit targets will be 1.7795 and 1.7775
Resistance: 1.7900 / 1.7941 / 1.7970
Support: 1.7850 / 1.7823 / 1.7800
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.
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EUR/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
EUR/CHF pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 2H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 0.942 area.
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EURNZD Sellers In Panic! BUY!
My dear friends,
Please, find my technical outlook for EURNZD below:
The instrument tests an important psychological level 1.7892
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.7940
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
EURNZD decline to continue?Weekly - Neutral to Bearish
Daily - Bearish, plenty of upper wicks
H4 - about 10 days of consolidation, price broke to the downside. I am hoping for another retest of 1.7900.
My chart above says what I am thinking..
This is not a trade recommendation. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster.
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FULL EURCHF ANALYSISHello my wonderful community !
I’m back again
I really appreciate you guys for reviewing my charts
Kindly like and comment on how you feel the market will go , I’m open to learn and communicate with other hardworking traders on here.
The colors for each line/zone
Monthly - Yellow
Weekly - Orange
Daily - Green
4H - Red
1H - Purple
My Monthly chart view:
Ever since 2019, price has been in a downtrend by making Lower highs and Lower lows.
Price keeps breaking major Support areas and turning them to dynamic resisitance areas and respects the EMA 14 anytime it makes a correction.
From 2022 to mid 2024 , Take note as price is in a range and respecting the channel constructed between the Monthly Yellow lines.
My Weekly chart view:
Going into the weekly TimeFrame, it is truly clear that price entered a range from 2022 until now.
My Daily chart view:
Price is in a range like I said earlier as this is due to the correction observed in the bigger timeframe
My 4H chart view:
As we move into the smaller timeframe of the 4H period, the market seems to be clearer
So I’ll go further and look for buy Setups as Price currently approached an Area of Demand (this area also serves as a major support zone and has been respected multiple times over the years )and bulls seems to be coming in strong with rising momentum.
To play safe i feel i can capture a buy setup as price approaches the Demand zone after the break of the EMA 50 by the bulls and the the EMA 14 crossing over it also
Take note of the MACD marked with red diagonal line as it is also a confluence I’m using to put the odds in my favor.
My 1H chart view:
On the hourly and anything below this timeframe , I can choose to capitalize by scalping and looking for entries that is validated by my own trading style , I’m also going to use the Fibonacci tool to help my entry .
I will be back to review this trade and see how things go
Avoid entry of any trade if they will be any major news that will affect price.