EURUSD: The time to sell is now.EURUSD is bullish on its 1D technical outlook (RSI = 61.508, MACD = 0.003, ADX = 33.468) but is on the 4th day of descend, which is a natural reaction as it almost hit the top of the 5-month Channel Down. In the meantime the 1D RSI almost hit the top of its own 5-month Rectangle. We are still on the ideal level to short. Our Target is intact just over the 1.236 Fibonacci extension (TP = 1.05550).
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EUR
EURNZD Potential DownsidesHey Traders, in today's trading session we are monitoring EURNZD for a selling opportunity around 1.78600 zone, EURNZD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.78600 support and resistance area.
Trade safe, Joe.
EURAUD: The most important zones to watchHey Traders, above is a technical overview on EURAUD and the most important zones to watch, we are watching EURAUD for a potential selling opportunity from the resistance area of 1.63100, We would also like to consider the current DXY weakness for potential dollar strength, the dollar is indirectly negatively correlated with AUD, when the dollar is weak stocks, cryptocurrencies and metals prices become interesting and AUD is positively correlated with stocks along with NZD.
Trade safe, Joe.
EUR-USD | 15 M LONG | TECHNICAL CHARTHello traders, I have determined the formation target on the chart. I wish everyone success.
Like and comment if you find value in our analysis.
Feel free to post your ideas and questions at the comments section.
Thank you for considering my analysis and perspective.
Good luck
FX:EURUSD
EURUSD: Analysis Overview:
We have identified two parallel channels, which are linear regression channels. Key zones have been calculated using fractals and pivot points.
Key Levels:
Long Entry:
Breaking above 1.0871 presents an opportunity to enter a long position on a reversal.
Short Entry:
Breaking below 1.0850 presents an opportunity to short the pair.
Validity:
This analysis remains valid until the next significant news release and the end of this week.
Note:
Important News: Keep an eye on upcoming economic reports and announcements, as they could significantly impact the market direction.
End of Week: Review positions and analysis as we approach the end of the trading week to ensure alignment with current market conditions.
Conclusion:
Stay alert to the price action around the specified levels, and be prepared to act based on the breakout or breakdown from these key zones.
Heading towards 61.8% Fibonacci resistance?EUR/NZD is rising towards the pivot which has been identified as a pullback resistance and could potentially reverse to the 1st support.
Pivot: 1.78614
1st support: 1.76772
1st Resistance: 1.79606
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/USD has a strong bullish momentum, could it rise further?Price is falling towards a support level which is a pullback support that aligns with the 50% Fibonacci retracement.
Entry: 1.0806
Why we like it:
There is a pullback support level which lines up with the 50% Fibonacci retracement.
Stop loss: 1.0768
Why we like it:
There is a pullback support level which lines up with the 78.6% Fibonacci retracement.
Take profit: 1.0895
Why we like it:
There is a pullback 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.
EURUSD: Weak DXY and Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring EURUSD for a buying opportunity around 1.08100 zone, EURUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.08100 support and resistance area.
Trade safe, Joe.
EURUSDGood morning, the local context currently looks bullish. We have two confirmations of market structure. Below, there is a liquidity cluster, and after it is taken out, the optimal intraday target is the previous week's high (PWH). The scenario will be invalidated if an hourly candle closes below 1.08715. In case of changes, I plan to update the idea.
EURJPY Still bullish. Continue buying the dips.The EURJPY pair gave us a textbook buy-low-sell-high two-way trade last time we looked at it (March 25, see chart below) and hit both targets:
Right now it may be shifting into a new Channel Up (dashed), diverging slightly from the (blue) long-term one. The 1D MA50 (blue trend-line) has been holding as Support basically since the January 10 bullish break-out, so technically the long-term trend remains bullish.
Our Target is 173.500, the top of the (blue) long-term Channel Up.
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Could EUR/GBP bounce from here?Price is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance.
Pivot: 0.8547
1st Support: 0.8530
1st Resistance: 0.8581
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.
Potential bearish drop?The Fiber (EUR/USD) is rising towards the pivot and could potentially drop to the 1st support.
Pivot: 1.08843
1st Support: 1.08350
1st Resistance: 1.09356
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.
Falling towards pullback support, could it bounce from here?EUR/AUD is falling towards a support level that lines up with the 78.6% Fibonacci projection and could bounce from this level to our take profit.
Entry: 1.61539
Why we like it:
There is a pullback support level which aligns with the 78.6% Fibonacci projection.
Stop loss: 1.60030
Why we like it:
There is an overlap support level which lines up with the 127.2% Fibonacci extension.
Take profit: 1.63691
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.
R2F Weekly Analysis - 19th May 2024 (ICT Concepts)Welcome to another R2F Weekly Market Analysis using ICT Concepts along with my own discoveries. Without any prior preparations on the chart, I'm going to go through various pairs, and giving a real-time view of how I perform my analysis on the weekends before the new week. 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!
If you are lazy to watch the video, which is your loss as you will miss how I analyse the market, the TLDR is that my bullish Dollar bias is on hold until I can see May's candle closes. However, I am slightly leaning for a possibly bearish Dollar to the Yearly Bisi below, but as we know things can change in an instant as this year is also election year in the USA. All my analysis of other pairs revolve around my opinion of the DXY.
Hit me up if you have any analysis request or just want to learn how to do all of this independently by yourself.
- R2F
EN and GN still bias on downside...Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Bias still on the downside, bounce would be coming but likely to still look for shorting opportunities for this EURNZD and GBPNZD
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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Euro can reach resistance level and then start to declineHello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price some days ago rebounded from the support level, which coincided with the support area and started to grow to the resistance level. In a short time price reached the 1.0895 level, which coincided with the seller zone and soon broke it, after which it even rose a little more, but then turned around and started to decline inside the downward channel. In the channel, EUR broke the resistance level one more time and declined to the support area, which coincided with the support line of the channel. But soon, the price turned around and made an upward impulse, thereby making a fake breakout of the support level and later even exiting from the downward channel. After this move, the price declined inside the triangle from the resistance line to the support line, breaking the 1.0735 level. The Euro turned around from the support line of the triangle and in a short time rose to the 1.0735 level and soon broke it again, after which continued to rise to the resistance line of the pattern. Next, the price exited from the triangle pattern and soon reached a resistance level, but recently it rolled down and now the price tried to rise. But in my opinion, it can reach a resistance level and then start to decline. For this reason, I set my target at 1.0800 points. Please share this idea with your friends and click Boost 🚀
EURGBP pullbacks towards the trend before breaking 0.86Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85500 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.85500 support and resistance area.
Trade safe, Joe.
EURUSD - 4H Sell opportunityThe EUR/USD 1-hour chart shows a clear pattern of bullish movements, marked by three distinct legs of upward momentum.
Each leg is followed by a pullback, indicating a consistent pattern of price corrections after bullish advances.
Given this recurring behavior, it is likely that EUR/USD will experience another pullback similar to the previous movements.
For the target of this anticipated pullback, we can consider the base of the latest rise, which is highlighted around the 1.0820 level.
This area marks the starting point of the most recent upward leg, and it is a logical support level where the index might find stability after the expected retracement.
Traders should watch for bearish signals confirming the pullback and prepare to take advantage of potential buying opportunities at the support zone.
EURUSD Perfect level to sell on the Lower HighThe EURUSD pair hit the top (Lower Highs trend-line) of the 5-month Channel Down and got immediately rejected. This pull-back is most likely the start of the new Bearish Leg on its way for a Lower Low at the bottom of the pattern.
Technically, we are on almost perfect symmetry with the previous Leg, which formed a Lower High after a 4H Golden Cross. When the 4H MACD completed a Bearish Cross on the 0.00240 level (which is where we are now), the sell signal was confirmed.
As a result, we most likely have the most optimal sell confirmation right now. Target 1 is just above Support 1 at 1.07300 and Target 2 just above Support 2 at 1.06550.
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EURUSD: Short-term guideThis is my suggested path for EURUSD for short-term trading
It might be expired or invalidated
first a bullish move to 1.0874. Then we'll wait for a retrace again to yesterday's pivot, a little over the monthly pivot which is around 1.0859 and a final upward move is waiting for us there to tp of 1.0887
Remember that the numbers are not necessarily precise they might be invalidated and some noises could annoy traders. I generally don't recommend short-term trading but by taking marginal risks it's rational