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EURUSD 24 Apr 2024 W17 - Intraday Analysis - US Durable GoodsThis is my Intraday analysis on EURUSD for 24 Apr 2024 W17 based on Smart Money Concept (SMC) which includes the following: Market Sentiment 4H Chart Analysis 15m Chart Analysis Market Sentiment EURUSD is slightly bullish: The Euro is currently showing some strength, having gained yesterday strong Euro data and on weaker US data. Market is cautious: Upcoming US inflation data is keeping investors cautious, potentially limiting gains for the Euro. US Durable Goods will be the watch today for volatility. 4H Chart Analysis 1. Swing Bearish Internal Bearish INT / Swing Pullback Phase 2. Swing continuing bearish following the HTF Bearish Trend. Expectations is set for the Swing to stay bearish to fulfill the HTF targets. 3. After a BOS we expect a Pullback. Currently price within the Weekly Demand and approaching a 4H/Daily demand zone. As expected price reached the 4H supply with possible reaction from there. Expectations is set to continue Bullish to facilitate the 4H Swing Pullback. 4. 4H Supply zone for possible reactions. But note that it's not well positioned within the 4H Swing (In Discount) so there is a probability that it will get run till the Swing EQ/Daily Supply zone. Bearish CHoCH will be the first sign fora bearish reaction from the 4H Supply. 15m Chart Analysis 1. Swing Bullish Internal Bullish Long: Phase A2 Short: Phase C (Require Bearish iBOS) 2. Price had created another Bullish Swing BOS aligning with the HTF requirements for a Pullback. Price had reached 4H Supply zone which could initiate the Swing Pullback Phase. For a PB phase to start we need a Bearish iBOS. 3. Current INT Low is the 4H Fractal CHoCH
by Amr-Sadek
EURUSD above the 4H MA50 after 2 weeks.The EURUSD pair broke above the 4H MA50 (blue trend-line) today for the first time in almost 2 weeks (since April 10). Our long-term bearish Target (1.05500) is intact, as called on April 02 (see chart below): The 4H MA50 test should be a rejection though as it has been done while the pair is forming a Bear Flag. That is similar to the February 12 test which resulted into one final drop on the bottom (Lower Lows trend-line) of the long-term Channel Down. We expect a strong medium-term rebound after the price hits 1.05500 and our Target will be 1.0800, which is marginally below the 0.618 Fibonacci retracement level, the mark that priced the March 08 (Lower) High. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
EURUSD 23 Apr 2024 W17 - Intraday Analysis - EU/US PMI Day!This is my Intraday analysis on EURUSD for 23 Apr 2024 W17 based on Smart Money Concept (SMC) which includes the following: Market Sentiment 4H Chart Analysis 15m Chart Analysis Market Sentiment Today's EUR/USD Forex market is going to be influenced by big economic news. This includes updates on the Purchasing Managers Index (PMI) for both the Eurozone and the USA. Right now, the EUR/USD pair is ranging as we get ready for today PMI updates. Both the US and Europe will be releasing their PMI numbers today. These PMI numbers tell us a lot about how well the economy is doing and can really impact the EUR/USD. If the numbers come in higher than expected, it's likely good news for the currency, but if they're lower than expected, it could mean trouble for the currency. 4H Chart Analysis 1. Swing Bearish Internal Bearish INT / Swing Pullback Phase 2. Swing continuing bearish following the HTF Bearish Trend. Expectations is set for the Swing to stay bearish to fulfill the HTF targets. 3. After a BOS we expect a Pullback. Currently price within the Weekly Demand and approaching a 4H/Daily demand zone. With the INT Structure Pullback Phase initiated after the Bullish CHoCH, Price is ranging within the Fractal High/Low. No clear direction and price is ranging between Weak Supply / Demand but expectations is set to continue Bullish to facilitate the 4H INT and Swing Pullback Phases. 4. 4H Supply zone for possible reactions. But note that it's not well positioned within the 4H Swing (In Discount) so there is a probability that it will get run till the Swing EQ/Daily Supply zone. 15m Chart Analysis 1. Swing Bullish Internal Bullish Swing Continuation Phase 2. Price is ranging within the Bullish 15m Swing with INT structure is shifting between Bullish/Bearish. This is clear that we have a complex INT Structure which shows uncertainty of clear direction. 3. With the current INT Structure is Bullish, Expectations is set to continue Bullish and run the Weak INT High to target the Weak Swing High as long the INT Strong Low holds.
by Amr-Sadek
1
Another mini wave Upward for EUR/USD(4/22/2024)In our last analysis, EUR/USD FX:EURUSD Continued the bearish move and right now the price is ranging. We believe the price will move upward as a correction. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.
Long
by fortunamarkets
2
EURUSD 22 Apr 2024 W17 - Intraday Analysis - EU ConfidenceThis is my Intraday analysis on EURUSD for 22 Apr 2024 W17 based on Smart Money Concept (SMC) which includes the following: Market Sentiment 4H Chart Analysis 15m Chart Analysis Market Sentiment The sentiment for the EUR/USD pair today is largely influenced by macroeconomic factors. On one hand, the Eurozone economy has been sluggish, which is holding back the Euro. On the other hand, the US Federal Reserve’s hawkish stance is keeping the US dollar underpinned. 4H Chart Analysis 1. Swing Bearish Internal Bearish INT / Swing Pullback Phase 2. Swing continuing bearish following the HTF Bearish Trend. Expectations is set for the Swing to stay bearish to fulfill the HTF targets. 3. After a BOS we expect a Pullback. Currently price within the Weekly Demand and approaching a 4H/Daily demand zone. With the INT Structure Pullback Phase initiated after the Bullish CHoCH. Price had a deep PB to the 4H Demand formed. Expectations is set to continue Bullish to facilitate the 4H INT and Swing Pullback Phases. 4. 4H Supply zone for possible reactions. But note that it's not well positioned within the 4H Swing (In Discount) so there is a probability that it will get run till the Swing EQ/Daily Supply zone. 15m Chart Analysis 1. Swing Bullish Internal Bearish Swing Continuation Phase 2. INT Structure turned Bearish after mitigating the 4H Supply zone. Sub internal is currently Bullish and there is a HP that the Strong INT High will get run based on the Bullish Swing Objective and the current Swing Continuation Phase. 3. 15m Demand Zones nested within a partially mitigated 4H Demand. Wouldn't be much confident to look for long entries from here if we didn't have a Bullish BOS as when price is here it will mean that INT is so bearish that the current 15m Swing Low / 4H Low will be run.
by Amr-Sadek
4
Could EUR/CAD bounce from here?Price is falling towards a support level which is a pullback support that aligns with the 78.6% Fibonacci projection. A bounce from this level could lead the price to rise to our take profit. Entry: 1.46155 Why we like it: There is a pullback support level which aligns with the 78.6% Fibonacci projection Stop loss: 1.45877 Why we like it: There is an overlap support level Take profit: 1.46737 Why we like it: There 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.
Long
by VantageMarkets
1
EURGBP Broke out and important resistanceAttention Traders, In anticipation of tomorrow's trading session, our focus is on EURGBP, where we're closely monitoring a potential buying opportunity around the 0.86000 zone. EURGBP has recently broken out from a significant resistance level at 0.86000, signaling a bullish shift in momentum. Currently, the pair is undergoing a correction phase, retracing towards this breakout level. As we navigate the markets, it's essential to remain vigilant and capitalize on emerging opportunities. With EURGBP displaying a breakout above 0.86000, we're keenly observing for favorable entry points to capitalize on the bullish momentum in the pair. Trade wisely, Joe
Long
by JoeChampion
EURUSD 22-26 Apr 2024 W17 Weekly Analysis – EU PMI / US PCEThis is my Weekly analysis on EURUSD for 22-26 Apr 2024 W16 based on Smart Money Concept (SMC) which includes the following: Market Sentiment Weekly Chart Analysis Daily Chart Analysis 4H Chart Analysis Economic Events for the Week Market Sentiment In light of the recent passage of an aid bill for Ukraine, Israel, and Taiwan by the U.S. House of Representatives, it is anticipated that this could escalate geopolitical tensions. This, in turn, may prompt investors to seek refuge in safe-haven assets, thereby bolstering the strength of the U.S. dollar. This trend is likely to be further reinforced by the divergent monetary policies of the Federal Reserve and the European Central Bank. The market will also be looking at the release of the Personal Consumption Expenditures (PCE) index, which is the Fed’s preferred measure of inflation. Weekly Chart Analysis 1. Swing Bearish Internal Bearish Reached Swing EQ Swing Continuation Phase (Pro Swing + Pro Internal) 2. After the Bearish iBOS we confirmed that the Swing Pullback is over and we will target the Weak INT Low and the Weak Swing Low. 3. Price had reached the Bearish INT Structure extreme and initiated the Bearish Internal Structure Continuation. Expectation is to continue bearish and target he Weak INT Low. Daily Chart Analysis 1. Swing Bearish INT Bearish Swing Continuation Phase (Pro Swing + Pro Internal) 2. Internal Structure continuing bearish following the Bearish Swing. 3. After the Bearish iBOS we expect a Pullback. Currently price is within the Weekly Demand and swept Liq from the left. Price could initiate a PB at anytime or after reaching the Daily Extreme Demand. CHoCH is currently away from current price so maybe we can create a new low before we initiate the INT PB Phase. More price development required. 4. Daily and Weekly demand zones for reactions to fulfill the INT Pullback Phase. 4H Chart Analysis 1. Swing Bearish Internal Bearish INT / Swing Pullback Phase 2. Swing continuing bearish following the HTF Bearish Trend. Expectations is set for the Swing to stay bearish to fulfill the HTF targets. 3. After a BOS we expect a Pullback. Currently price within the Weekly Demand and approaching a 4H/Daily demand zone. With the INT Structure Pullback Phase initiated after the Bullish CHoCH. Price had a deep PB to the 4H Demand formed. Expectations is set to continue Bullish to facilitate the 4H INT and Swing Pullback Phases. 4. 4H Supply zone for possible reactions. But note that it's not well positioned within the 4H Swing (In Discount) so there is a probability that it will get run till the Swing EQ/Daily Supply zone. Economic Events for the Week
by Amr-Sadek
2
Euro can decline to buyer zone again and then start to riseHello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price a not long time ago entered to downward channel, where firstly it broke the resistance level, which coincided with the seller zone and rose to the resistance line of the channel. Next, the price turned around and soon fell to the seller zone, but later price tried to back up and failed, after which in a short time Euro declined to support line of the downward channel, breaking the 1.0815 level. But then, the price started to rise and soon backed up to the seller zone, after which it some time traded near this area, and then made a strong downward impulse to support level, exiting from the channel and breaking the 1.08150 level one more time. Price started to trades near the 1.0620 support level, which coincided with the buyer zone and sometimes it even declined to this area, but a not long time ago EUR rebounded up. So, in my opinion, the Euro can decline to the buyer zone again, and then repeat movement up higher current location. For this case, my 1st TP is located at the 1.0740 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
EURUSD One last dump before the pump?The EURUSD pair is approaching the 1.05500 Target that we called on April 02 (see chart below), which is at the bottom of the 4-month Channel Down: That will form the new Lower Low of the pattern, completing a -4.00% decline from the Lower High, which is 100% symmetrical with the previous Low. The structure of the Legs is very symmetrical so after the Low we expect the pair to turn bullish on the medium-term again. Our Target will be 1.0800 (just below the 0.618 Fibonacci retracement level). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1
EURJPY - Wait For The Bears!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 EURJPY has been overall bearish , trading within the falling flat wedge pattern in red. Currently, EURJPY is approaching the upper bound of the channel acting as a non-horizontal resistance. Moreover, it is retesting a demand zone marked in green. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper red trendline and green demand zone. 📚 As per my trading style: As #EURJPY approaches the red circle zone, I will be looking for bearish reversal setups (like a double top 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
by TheSignalyst
4
EURO - Price can exit from wedge and continue move up to $1.0745Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A not long time ago price entered to wedge, where it first broke $1.0785 resistance level, which coincided with resistance area. Then EUR fell to support line and at once made strong upward impulse, breaking $1.0785 level one more time. Later it reached resistance line of wedge, turned around, and made downward impulse to support line, breaking $1.0785 level. Next, Euro started to trades near $1.0625 support level, which coincided with support area and even made fake breakout. After this, EUR bounced up to resistance line of wedge, which at the moment continues to trades near. Possibly, Euro can break resistance line, thereby exiting from wedge and continuing to rise to $1.0745 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1