Could EUR/CAD drop from here?The price has reacted off the pivot and could potentially fall to the 1st support.
Pivot: 1.51181
1st Support: 1.50414
1st Resistance: 1.52059
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.
EUR
EURCHF Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring EURCHF for a selling opportunity around EURCHF for a selling opportunity around 0.95600 zone, EURCHF 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 0.95600 support and resistance area.
Trade safe, Joe.
EURGBP Is Approaching The Daily TrendHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.86200 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.86200 support and resistance area.
Trade safe, Joe.
Bearish reversal?EUR/CHF is rising towards the resistance level which is a pullback resistance that lines up with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.9549
Why we like it:
There is a pullback resistance level which lines up with the 61.8% Fibonacci retracement.
Stop loss: 0.96505
Why we like it:
There is a pullback resistance which aligns with the 78.6% Fibonacci retracement.
Take profit: 0.94270
Why we like it:
There is an overlap support level which is slightly below the 23.6% 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 support ahead?EUR/JPY is falling towards the support level which is an overlapa support that lines up with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 159.49
Why we like it:
There is an overlap support level which lines up with the 38.2% Fibonacci retracement.
Stop loss: 157.256
Why we like it:
The3re is a pullback support level which aligns with the 61.8% Fibonacci retracement.
Take profit: 164.87
Why we like it:
There is a pullback resistance level which aligns with the 78.6% 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.
EURUSD Aggressive selling about to start.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 rejection similar to June 04, which initiated the previous Bearish Leg towards the Channel's bottom (Higher Lows).
As a result, we believe that it is still early to make a sell entry and target 1.07500.
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Bearish reversal off the 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: 1.0943
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 level.
Take profit: 1.0879
Why we like it:
There is an overlap 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.
EURUSD 1D1D - On the daily timeframe, a large FVG (Fair Value Gap) has formed, and it will take at least another week to work through it. Simply put, we are in an MS Range, where the price is likely to react from the boundaries and eventually move higher. The scenario would be invalidated if the price consolidates below 1.076.
POTENTIAL TRADE SETUP ON EURUSDPotential 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 drop further downside move, then a SELL trade is good to go.
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❤️
Potential bullish bounce?EUR/AUD is falling towards the support level which is a pullback support and could bounce from this level to our take profit.
Entry: 1.65058
Why we like it:
There is a pullback support level.
Stop loss: 1.63955
Why we like it:
There is a pullback support level.
Take profit: 1.67665
Why we like it:
There is an overlap resistance level which aligns 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.
EURUSD 11/8/24This week in EUR/USD, we have liquidity placed above our highs in a bullish range. Last week, we played bearish within price action, ultimately putting in these highs to form liquidity. Based on this, we could run the liquidity coming into this week, or we may drop further into the range. We have met the 50% level of the range, so there is sufficient liquidity behind price to shift it higher.
Now, of course, we have some fundamentals coming up this week, so price may shift accordingly. Overall, we are looking for price action to run the highs as we remain bullish, with fundamentals favoring dollar weakness. This leads us to believe that this scenario could play out. There is a hotspot within this liquidity, marked by our golden line, where price may react to sell back for a deeper retrace or blast through and take the high.
We have a very clear area of demand at the base of our range. If we drop lower, we can look for that area to react. The main point is to follow what price is actually showing you, rather than what we want to see.
Trade safe and follow your plan.
EURO - Price can start to decline to $1.0830 support levelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some time ago price declined in falling channel, where it fell to support level, after which at once bounced up.
Price reached resistance line of channel, and then bounced down lower $1.0830 level, breaking it.
But then Euro made a strong upward impulse, thereby breaking $1.0830 and $1.0930 levels, and exiting from falling channel.
After this, EUR started to decline another one falling channel, where it soon broke $1.0930 level.
Then price traded near this level, but now it trades near resistance line of falling channel.
I think that Euro can bounce down from resistance line of channel and fall to $1.0830 support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
EURUSD Breakout And Potential RetraceHey 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.
R2F Weekly Analysis -10th August 2024 (ICT Concepts)Welcome to another R2F Weekly Market Analysis using ICT Concepts along with my own discoveries. I'm going to go through various assets/markets, and give a real-time view of how I perform my analysis on the weekends. I'll give my take on what has been happening, and what I'm expecting in either the coming days, weeks, or months. Without further ado, let's get into it!
- R2F
Can EURUSD revisit the psychological 1.1000 zone?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 powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration.
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.
EUR/USD on the verge of a bearish correctionAs you can see in the chart, after the breaking of this pattern (head and shoulders at the price peak) and according to the orders left from the previous upward leg spike, we are likely to see a price decrease.
Two orders were taken at this point. One of them will be risk-free in the first target to reach the second target. This analysis will be updated...
Bearish momentum to extend?EUR/CAD is rising towards the pivot and could reverse to the 50% Fibonacci support.
Pivot: 1.50239
1st Support: 1.48964
1st Resistance: 1.51188
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.
Bullish reversal?EUR/AUD is falling towards the support level which is an overlap support and could potentially reverse from this level to our take profit.
Entry: 1.66204
Why we like it"
There is an overlap support level.
Stop loss: 1.64959
Why we like it:
There is a pullback support level.
Take profit: 1.67705
Why we like it:
There is an overlap resistance 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/NZD has bounced off the support level which is a pullback support and could rise to our take profit.
Entry: 1.81106
Why we like it:
There is a pullback support level.
Stop loss: 1.80301
Why we like it:
There is a pullback support level.
Take profit: 1.83458
Why we like it:
There is a pullback resistance level which is slightly above 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.
EURJPY: JPY is outperforming the EUROHey Traders, in today's trading session we are monitoring EURJPY for a selling opportunity around 164 zone, EURJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 164 support and resistance area.
Trade safe, Joe.
Could the Fiber reverse from here?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 level.
Take profit: 1.0869
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.
Bullish rise?EUR/CAD is falling towards the pivot which has been identified as a pullback support and could rise to the 1st resistance level which is also a pullback resistance.
Pivot: 1.50322
1st Support: 1.48979
1st Resistance: 1.52196
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.