EURUSD: First 1H Golden Cross formed in 6 weeks.EURUSD may be marginally bearish on its 1D technical outlook (RSI = 44.367, MACD = -0.006, ADX = 65.014) but on 1H it is cruising to the RSI overbought level as it formed the first 1H Golden Cross since September 15th. Technically it is a bullish pattern but short term the price has to overcome the S1 level (just hit it) and an almost overbought 4H RSI. This may give you the last opportunity to buy and target the 0.618 Fibonacci (TP = 1.10385), which has been the minimum target on every 1H Golden Cross since August.
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EUR
Euro and its movement towards depthAccording to the economic data that was published recently and in the last two weeks, it seems that the euro will continue its downward movement. The two yellow and red paths are the possible paths of the euro towards the goals written in the chart. Capital management should always be your top priority.
EURUSD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.08300 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 1.08300 support and resistance zone.
Trade safe, Joe.
EURGBP to find sellers at market price?EURGBP - 24h expiry
The overnight rally has been sold into and there is scope for further bearish pressure going into this morning.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
Preferred trade is to sell into rallies.
Selling spikes offers good risk/reward.
20 1day EMA is at 0.8343.
We look to Sell at 0.8355 (stop at 0.8375)
Our profit targets will be 0.8290 and 0.8280
Resistance: 0.8322 / 0.8340 / 0.8352
Support: 0.8315 / 0.8295 / 0.8280
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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It could be the euro's time to shineThis may not be a popular theme, but that is usually the case at turning points. Like it or not, EUR/USD bears have failed to break the August low, and the rally on the USD index and yields looks exhausted. Every trend needs a retracement, and I suspect a small one, at a minimum, is due.
MS.
Bullish rise?EUR/NZD has reacted off the pivot which is a pullback support and could rise to the 1st resistance.
Pivot: 1.80692
1st Support: 1.7995
1st Resistance: 1.82253
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 4hour RSI Bullish Divergence.EURUSD has been struggling to break above the 1day MA50 but that shouldn't take long to do so, as the 4hour RSI is on a Channel Up (Bullish Divergence) since 10 days already.
Once the 1day MA50 breaks, we expect a 1day MA200 test, followed by a pull back before the final rise.
Our target is the 0.618 Fibonacci level at 1.10400.
Previous chart:
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EURUSD confirmed the bottom. Low risk buy now.The EURUSD pair has turned sideways since it hit last week the bottom of the 1-year Channel Up and even though it hasn't broken above the 1D MA200 (orange trend-line) yet, the 1D RSI has given us the strongest buy signal possible.
That is breaking above its MA (yellow trend-line) after rebounding on oversold soil (below 30.00) last Wednesday. This is exactly what happened on the April 16 2024 Low. Even if that is a mid-correction rebound like the February 14 one, as both decline sequences have been of -4.00%, it suggests that we can target at least the 0.618 Fibonacci retracement level until the price resumes the bearish trend.
As a result, we consider this a low risk buy, targeting 1.10000 (below the 0.618 Fib).
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EUR/USD Analysis: Range-Bound Movement with Potential ReboundThe EUR/USD currency pair remains stagnant around the 1.0800 mark after experiencing its fourth consecutive week of losses. Following a slight bullish retracement, the pair has retraced downwards again, opening the London session this morning with a bullish candle, yet still confined within a defined range.
The strength of the US Dollar (USD) has persisted as we head into the weekend, exerting pressure on the EUR/USD pair. This demand for the USD has been bolstered by rising US Treasury bond yields, which contributed to its strength on Friday.
Looking ahead, the economic calendar for the United States is relatively light, featuring only the Texas Manufacturing Business Index from the Federal Reserve Bank of Dallas. It is unlikely that this report will induce any significant market reaction. However, market participants will closely monitor upcoming third-quarter Gross Domestic Product (GDP) data from Germany, the Eurozone, and the United States. Additionally, the US Bureau of Labor Statistics is set to release the October employment report on Friday, which will include critical figures such as the Unemployment Rate, Nonfarm Payrolls, and wage inflation data.
From a technical standpoint, our outlook suggests a potential rebound towards the demand zone. The Commitment of Traders (COT) report indicates a consistent trend over the past two weeks, with retail traders holding short positions while institutional players appear to be building long setups. Our forecasting analysis points to a possible emergence of a new bullish trend in the near future.
As we await further developments, the key remains patience—watching to see if the price reaches our designated area of interest before committing to a bullish position. The market’s reaction to the upcoming economic data will be crucial in determining the next steps for the EUR/USD pair.
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Bullish bounce for the Fiber?The price is falling towards the support level which is an overlap support and could bounce from this level to our take profit.
Entry: 1.0774
Why we like it:
There is an overlap support level.
Stop loss: 1.0719
Why we like it:
There is a pullback support level.
Take profit: 1.0837
Why we like it:
There is a pullback resistance level.
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Buy EUR/JPY Bullish FlagThe EUR/JPY pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Bullish Flag pattern. This suggests a shift in momentum towards the Upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around the current price of 164.33, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 165.42
2nd Support – 166.05
Stop-Loss: To manage risk, place a stop-loss order below 163.70. 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.
Pullback resistance ahead?EUR/AUD 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: 1.63985
1st Support: 1.62560
1st Resistance: 1.64784
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 reversal?EUR/CAD is reacting off the pivot which acts as an overlap resistance and could reverse to the 1st support level.
Pivot: 1.50019
1st Support: 1.49274
1st Resistance: 1.50795
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 27/10/24EUR/USD has shown a continuous downward movement this week, which aligns with the institutional trend we discussed last week. Although there was a brief push above the recent high, there is a chance for the price to move slightly higher before resuming its path.
We’ve highlighted key areas of interest. One is a supply zone where we expect the price to react, potentially targeting liquidity to the left. Additionally, there is a potential reaction point at the previous high, along with a liquidity target below.
Our short-term bias is bullish, but we maintain a long-term bearish outlook, as we have for the past month. Keep an eye on fundamentals, and avoid buying in this market since the overall trend is still downward.
Remember to follow the "Keep It Simple" approach, and only take trades with a clear entry signal.
Trade safe and always stick to your plan.
EURUSD Is Trading under The Pressure Of A Strong UsdHey Traders, in tomorrow's trading session we are monitoring EURUSD for a selling opportunity around 1.07900 zone, EURUSD is trading in an uptrend and currently seems to be attempting to break it out. If we get dips below 1.07900 support area we will be looking for a potential retrace of the trend towards further downsides.
Trade safe, Joe.
EUR | USD | GBP Weekly Forecast Oct. 28: SELL EU & GU!In this video, we will view the markets through ICT Concepts, focusing on the USD, the EURO, and the GBP.
The retracement in the USD Index is overdue and pending... but not yet! There is still room to the upside, which means EURUSD and GBPUSD will likely be BEARISH, as the USD is stronger than both at this time.
Look for the FVGs to hold price or fail, and let them guide you.
Enjoy!
May profits be upon you.
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Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
EURUSD hit the MA50 (4h) after 1 month. Buy if it breaks.EURUSD hit today its MA50 (4h) for the first time since September 30th.
The pattern remains a Channel Down though, so the trend remains bearish unless a (4h) candle closes above the MA50.
Trading Plan:
1. Buy after a (4h) candle closes above the MA50.
Targets:
1. 1.09500 (Resistance 1).
Tips:
1. The RSI (4h) is already on a bullish reversal and a Higher High. If the MA supports, it will be an extra bullish signal.
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Notes:
Past trading plan:
HelenP. I Euro can little grow and then start to declineHi folks today I'm prepared for you Euro analytics. Some days ago price rose to the resistance level, which coincided with the resistance zone, and tried to break it, but failed and fell below. But soon, the price finally broke this level and entered to consolidation, where it at once rose to the top part. After this movement, the EUR turned around and made a correction to the resistance level, after which at once bounced and started to grow. Later EURO rose back to the top part of a consolidation, which coincided with the trend line, and then started to decline. In a short time, the price fell to the 1.1 resistance level, and broke it, thereby exiting from consolidation and continuing to move down. Later price reached the trend line and broke it, after which made retest and continued to fall. But a not long time ago it rebounded and started to grow, therefore I expect that EURUSD will rise more and then continue to fall. That's why I set my goal at 1.0750 points. If you like my analytics you may support me with your like/comment ❤️
Short-term EURUSD ideaAfter yesterday's better than expected flash PMIs from Germany, we saw EURUSD finding some buying interest. Let's see if we can get a larger correction to the upside.
EASYMARKETS:EURUSD
Disclaimer:
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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. easyMarkets 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.
The euro has rebounded and is awaiting further price triggers
Bank of France governor Villeroy de Galhau emphasized that the eurozone economy is in a precarious state, with the ECB continuing to impose high interest rates that further restrict economic activity. Additionally, Finland's central bank governor, Oli Rehn, stated that the prospects for economic growth have deteriorated in recent months, which is likely to elevate disinflationary pressures.
EURUSD rebounded to 1.0820 after testing the support at 1.0780. The price breached the descending channel’s upper bound and EMA21, awaiting an upward trigger for further upside. If EURUSD sustains its uptrend and surpasses EMA78, the price may gain upward momentum to 1.0940. Conversely, if EURUSD re-enters within the channel and breaks 1.0780, the price could fall further to the support at 1.0670.
Sell EUR/CAD Bearish ChannelThe EUR/CAD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from 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 1.4908, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.4866
2nd Support – 1.4834
Stop-Loss: To manage risk, place a stop-loss order above 1.4940. 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.
Overlap resistance ahead?EUR/NZD is rising towards the resistance level which is an overlap resistance that is slightly above the 161.8% Fibonacci extension and could reverse from this level to our take profit.
Entry: 1.8061
Why we like it:
There is an overlap resistance level that is slightly above the 161.8% Fibonacci extension.
Stop loss: 1.81364
Why we like it:
There is a pullback resistance level.
Take profit: 1.7949
Why we like it:
There is a pullback support level that aligns with the 38.2% Fibonacci retracement.
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.