EUR (Euro)
EURAUD Potential DownsidesHey Traders, in today's trading session we are monitoring EURAUD for a selling opportunity around 1.64200 zone, EURAUD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.64200 support and resistance area.
Trade safe, Joe.
The EURO railway only travels in one direction - downwards!First things first:
📊🔮My crystal ball tells me:
EUR CPI (inflation data) today will be lower than consensus expected.
-> This will weigh on the euro in the long term
🔮An old saying goes:
"The crystal ball spoke and the ECB obeyed."
A look back.
🔮 - As predicted in July last year, inflation in the eurozone fell far faster than the market and the ECB in particular had expected
(In December, EUR CPI was already below the 3% mark)
🔮- The 2% target has almost been reached! (as predicted. Quote July 2023:""and reach the 2% target in the first half of 2020 at the latest.")
🔮 - As predicted, this led to the market pricing in upcoming ECB rate cuts far earlier than the ECB had planned
(Quote 23 November 2023: "I see a high probability that we will be very close to the ECB's first rate cut as early as April 2024.")
And here we are: in April 2024, very close to the ECB's first rate cut.
History has taken its course. And this should have come as little surprise to readers of this channel.
Although the probability of this is split 50/50 between April and June, this will no longer be decisive.
-> The fact is that the ECB will start with a first interest rate cut of 0.25% in June at the latest and many more will follow this year.
I expect 4-5 rate cuts by the ECB this year.
-> This goes against the market consensus which expects only 3 rate cuts from the ECB this year.
-> There is a lot of potential for the EUR train to move downwards!🟢
Pullback resistance ahead?EUR/CAD is rising towards the resistance level which is a pullback resistance that aligns with the 23.6% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.49724
Why we like it:
There is a pullback resistance level that lines up with the 23.6% Fibonacci retracement.
Stop loss: 1.50304
Why we like it:
There is an overlap resistance level that is slightly below the 50% Fibonacci retracement.
Take profit: 1.48948
Why we like it:
There is a pullback support level
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.
Potential bullish rise?EUR/GBP is reacting off the support level which is a pullback support and could rise from this level to our take profit.
Entry: 0.84078
Why we like it:
There is a pullback support level.
Stop loss: 0.8382
Why we like it:
There is a pullback support level
Take profit: 0.8454
Why we like it:
There is an overlap resistance level which lines up9 with the 38.2% Fibonacci retracement.
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.
Potential bullish rise?EUR/GBP is reacting off the pivot and could rise to the 1st resistance which has been identified as an overlap resistance.
Pivot: 0.8412
1st Support: 0.8384
1st Resistance: 0.8453
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.
Bearish drop?The Fiber (EUR/USD) is rising towards the pivot which acts as a pullback resistance and could reverse to the 50% Fibonacci support.
Pivot: 1.1105
1st Support: 1.1035
1st Resistance: 1.1153
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.
EURAUD - Now We Want!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈EURAUD has been bearish trading within the falling channel.
Currently, EURAUD is approaching the lower bound of the channel.
Moreover, the zone marked in blue is a strong support.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the support zone and lower trendline acting as non-horizontal support.
📚 As per my trading style:
As #EURAUD approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Sell EUR/GBP Bearish FlagThe EUR/GBP pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag 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 0.8428, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 0.8396
2nd Support – 0.8377
Stop-Loss: To manage risk, place a stop-loss order above 0.8440. 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.
Heading into 50% Fibonacci resistance?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: 1.1150
Why we like it:
There is an overlap resistance level which aligns with the 50% Fibonacci retracement.
Stop loss: 1.1223
Why we like it:
There is a resistance level at the 127.2% Fibonacci extension.
Take profit: 1.1045
Why we like it:
There is a pullback support level which aligns with the 61.8% Fibonacci retracement.
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.
Heading into 50% Fibonacci resistance?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: 1.1150
Why we like it:
There is an overlap resistance level which aligns with the 50% Fibonacci retracement.
Stop loss: 1.1223
Why we like it:
There is a resistance level at the 127.2% Fibonacci extension.
Take profit: 1.1045
Why we like it:
There is a pullback support level which aligns with the 61.8% Fibonacci retracement.
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.
Overlap resistance ahead?EUR/CAD is rising towards the pivot and could reverse to the pullback support level.
Pivot: 1.50380
1st Support: 1.49125
1st Resistance: 1.51159
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.
EURUSD Is attempting to breakout the trendHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.11600 zone, EURUSD is trading in an uptrend and currently seems to be attempting to break it out. if we get dips below the 1.11600 support we will look for a potential retrace of the trend towards downsides.
Trade safe, Joe.
Quick 60 pips 5 mins Intraday Scalp Hello everyone, trust we're all having a wonderful trading day !
This is a solid setup which I believe price win respect during the Asian session because price just sold to clear the liquidity below and gave a clean rejection which in every case like this, a retest win have to take place to that zone below as confirmation for the buy... Target - 60 pips
kindly do your own analysis and please, implement proper risk and money management,
EURCHF Sellers In Panic! BUY!
My dear followers,
I analysed this chart on EURCHF and concluded the following:
The market is trading on 0.9387 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.9450
Safe Stop Loss - 0.9351
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
EURNZD: Bullish Continuation & Long Signal
EURNZD
- Classic bullish formation
- Our team expects growth
SUGGESTED TRADE:
Swing Trade
Buy EURNZD
Entry Level - 1.7822
Sl - 1.7694
Tp - 1.8046
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
EURCHFHello traders, after analyzing the 4-hour time frame, the price is moving within a descending channel. As the price approaches the demand zone, which aligns with the 61% and 78% Fibonacci levels, I anticipate that we can enter a buy position if a CHoCH pattern forms in a lower time frame. In this scenario, the target could be the 38% Fibonacci resistance level, which aligns with the top of the descending channel. If the price breaks out above this resistance at 0.9475, the next key resistance level will be 0.96300, which aligns with the supply zone and the 78% Fibonacci level. At this level, we can look for confirmation to enter a sell position.
Bearish breakout?EUR/CAD has broken out of the support level which is an overlap support and could drop from this level to our take profit.
Entry: 1.50343
Why we like it:
There is an overlap support level.
Stop loss: 1.50851
Why we like it:
There is a pullback resistance level which is slightly below the 50% Fibonacci retracement.
Take profit: 1.49598
Why we like it:
There is a pullback support level which is slightly below the 78.6% Fibonacci projection.
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.
EUR/USD Set for a Bearish ReversalThe EUR/USD pair is currently approaching a significant resistance zone, which is highlighted in the chart.
After a strong bullish move, the price has shown signs of weakening momentum, suggesting that this resistance area could act as a reversal point.
The resistance zone around 1.1200 - 1.1185 is crucial. A rejection here could lead to a significant drop toward the next support level at 1.1135, as indicated by the projected path on the chart.
A possible double top pattern is forming, which is a classic reversal pattern. If the price fails to break above the resistance and forms a second top, it could signal a strong short opportunity.
In conclusion, EUR/USD is showing signs of potential bearish reversal at a critical resistance zone. Traders should watch for price action confirmation and manage risk accordingly as this setup unfolds.
EURCHF - 4hrs ( Sell 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 ( Short )
Type : Mid Term Swing
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Bearish Break
0.94300 area
Reasons
- Major Turn level
- Visible Range Lvn
- Pattern Break
- Turn level
- Day / week low
Bullish Reversal
0.93000 Area
Reasons
- Major Turn level
- Visible Hvn
- Pattern Target
- Fibo Golden
- Quarter Area
- Choch Zone
EURNZD Technical Analysis! BUY!
My dear followers,
This is my opinion on the EURNZD next move:
The asset is approaching an important pivot point 1.7951
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.8051
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK