CHFEUR in doldrums but entry for bullish run comingCHFEUR will get its push from the expected fall in the AMEX:USD this week. The EUR holders will seek some safety here and this will tie in with an established pattern observed since May where the CHF against the EUR has been following a clear ascending channel as in the 2hr chart. Expectations are a confirmed bullish breakout at about 1.0687 as a start of a more significant rise to the high of 1.0857. From here will be the more significant resistance and retracement.
EUR
CHFEUR in doldrums but entry for bullish run comingCHFEUR will get its push from the expected fall in the AMEX:USD this week. The EUR holders will seek some safety here and this will tie in with an established pattern observed since May where the CHF against the EUR has been following a clear ascending channel as in the 2hr chart. Expectations are a confirmed bullish breakout at about 1.0687 as a start of a more significant rise to the high of 1.0857. From here will be the more significant resistance and retracement.
EURUSD extends uptrend due to dollar weakness
EURUSD advanced to the 1.1140 level after breaching the descending channel’s upper bound as the dollar’s weakness intensified. EMA21 is widening the gap after golden-crossing EMA78, indicating an apparent bullish signal.
If EURUSD holds above EMA21, the price could gain upward momentum toward the 1.1200 resistance. Conversely, if EURUSD fails to keep the 1.1100 support, where EMA21 intersects, the price could fall further to 1.1050.
EURGBP Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.84300 zone, EURGBP was trading in an uptrend and currently is attempting to break it out. If we get decent dips below the support we will be watching a potential retrace of the trend towards more downsides!
EURUSD Potential DownsidesHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.11200 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.11200 support and resistance area.
Trade safe, Joe.
Bearish reversal?The Fiber (EUR/USD) is rising towards the pivot which acts as an overlap resistance and could reverse to the 1st support level which is also an overlap support.
Pivot: 1.1150
1st Support: 1.1071
1st Resistance: 1.1201
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.
Sell EURCHF Triangle BreakoutThe EUR/CHF pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 0.9395
Target Levels:
1st Support – 0.9353
2nd Support – 0.9324
Stop-Loss: To manage risk, place a stop-loss order above 0.9412. This helps limit potential losses if the price falls back unexpectedly.
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Best Regards, KABHI FOREX TRADING
Thank you.
EURNZD short term bias turned positive.EURNZD - 24h expiry
Short term bias has turned positive.
Mixed but positive price action has resulted in consecutive, narrow-ranged, sideways trading days.
We look to buy dips.
50 4hour EMA is at 1.7932.
Our outlook is bullish.
The sequence for trading is higher highs and lows.
We look to Buy at 1.7940 (stop at 1.7880)
Our profit targets will be 1.8090 and 1.8120
Resistance: 1.8000 / 1.8029 / 1.8070
Support: 1.7960 / 1.7900 / 1.7850
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.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
EUR/USD Poised for Bullish Breakout Amid Weakening USD and CPI EUR/USD Technical Analysis:
Current Outlook: EUR/USD is currently consolidating around the pivot level of 1.1000, with a potential bullish scenario on the horizon, especially with today’s anticipated inflation data, which is expected to show a weakening USD with a CPI result of around 2.5%. This could drive EUR/USD higher in the near term.
Best Scenario : A bullish trend is more likely if the price stabilizes above the pivot line. A continued uptrend could lead the price toward the resistance levels at 1.1129 and 1.1168. The weakening USD from the inflation report supports this scenario.
Key Levels:
Pivot Line: 1.1036
Resistance Levels: 1.1129, 1.1168, 1.1240
Support Levels: 1.0949, 1.0913, 1.0861
Expected Range Today:
The price is likely to move between 1.0949 and 1.1168, with a bullish bias.
Overall Trend: The overall trend is expected to be bullish, especially if the price remains above the pivot point at 1.1000. A weaker-than-expected CPI for the USD will reinforce this upward movement, making the uptrend the stronger scenario.
EURUSD Channel Down hitting its top. Sell opportunity.The EURUSD pair rebounded on Friday on its 4H MA50 (blue trend-line) and today the price is testing the top (Lower Highs trend-line) of the 3-week Channel Down pattern. This presents an strong sell opportunity on an excellent Risk/Reward ratio and the upside is limited to the top but the downside having much room to drop to the bottom of the Channel.
The previous Bearish Legs declined by -1.41% and -1.56% respectively. As long as the price is closing below the top of the Channel Down, our target will be the 1D MA50 (red trend-line) at 1.09900 (-1.26% from the top, negative progression relative to the previous Bearish Legs).
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EUR/USD Kicks Off the Week on a Positive Note Ahead of Crucial..EUR/USD Kicks Off the Week on a Positive Note Ahead of Crucial Fed Decision
The EUR/USD pair began the week with positive momentum, hovering around the 1.1000 mark ahead of the London session on Monday. Investors are keeping a close eye on the upcoming US Federal Reserve (Fed) policy decision, which is expected to have a significant impact on the market later this week. The key question remains: will the Fed cut rates by 25 basis points (bps), or will it take a more aggressive approach and reduce rates by 50 bps?
According to the CME FedWatch Tool, the odds are nearly split, with a 48.0% probability of a 25 bps rate cut at the Fed's September meeting. The market's indecision reflects the broader uncertainty surrounding the Fed's next move as economic conditions remain mixed. While inflation data has shown signs of cooling, other indicators point to a resilient economy, leaving investors to speculate on the extent of monetary easing that may be announced.
All eyes will be on the Federal Open Market Committee (FOMC) press conference, where Fed Chair Jerome Powell is expected to provide crucial insights into the central bank's future stance on interest rates. Should Powell signal a more aggressive easing approach, it could weigh heavily on the US Dollar, potentially pushing the EUR/USD higher. Conversely, a more cautious outlook could lead to a stronger dollar, capping any further gains for the euro.
From a technical perspective, the week begins with little change in the Commitment of Traders (COT) report, which shows that retail traders are still overwhelmingly long on the euro. In fact, retailer positioning is at its highest point since August 2023, signaling a potential reversal opportunity for contrarian traders. As the EUR/USD approaches a key supply area, a retest could trigger a pullback, with the price poised to drop if the supply zone holds.
Given the heavy retail interest in long positions, we are looking for a short setup in the EUR/USD. A pullback from the current levels, especially around the supply area, could offer an attractive opportunity for bears. With the market bracing for the Fed's policy decision and retail traders heavily invested in long positions, the coming days could provide pivotal moments for the EUR/USD pair.
As the week unfolds, the Fed's policy signals will be key to determining the next directional move for the EUR/USD. For now, traders should remain cautious and watch for any shifts in sentiment as the market digests the Fed's decision and the FOMC press conference.
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Bullish bounce?EUR/NOK is falling towards the pivot which has been acts as an overlap support and could bounce to the 1st resistance which has been identified as a pullback resistance.
Pivot: 11.74385
1st Support: 11.65492
1st Resistance: 11.88554
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 15/09/24Starting this week as always with EUR/USD, we saw a drop as we predicted last week, clearing liquidity and taking out the last major low. However, we haven’t hit our area of demand, meaning this area is still in play, as shown on our chart. A new area of demand has formed, and there is liquidity below the low from which this new zone has emerged.
Based on the higher timeframe zone and current price action, I believe we could see a bullish shift after we drop into the demand area. Of course, we may not reach that point, but if we do, I'll be looking for a clear long opportunity or, if demand fails, to go short toward the major low.
Keep it simple: trade your plan and always stick to your risk management!
EURO - Price can little grow and then continue fall in channelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
A few moments ago price entered to wedge, where it at once bounced from resistance line and fell to support line.
Then price bounced up from this line and rose higher than $1.0900 level, after which reached resistance line of wedge.
Next, EUR corrected, after which continued to move up inside wedge and later price exited from this pattern.
After this, price entered to falling channel, where it at once rose higher than $1.1155 level, but soon broke it again.
Euro continued to decline inside falling channel until it reached support line, after which it recently bounced up.
Now, I think price can make a small movement up and then continue to decline to $1.0975 support line of channel.
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EURUSD 1h Reversion Zone Fill ExpectedReturn and fill into the reversion zone range is expected.
Reversion zone range: 1.10801 - 1.10625
Key Resistance level: 1.10921
Key Support level: 1.10167
⚠️ Reversion Zone is an area on the chart where the price often returns after deviating. Some zones will be covered by nearby candlesticks, while others may take more time. Also the zone may never be filled, be careful.
EUR/USD Rallies Amid Weakening Dollar, Approaching Key SupplyOn Thursday, the EUR/USD saw a rally as the US Dollar (Greenback) weakened, providing support to the euro's upward momentum. However, despite this rally, the pair now enters a critical phase of rejection as it approaches a key supply area, which has previously acted as resistance. This supply zone could trigger a potential pullback in the coming sessions, especially as market participants weigh technical factors against broader economic conditions.
The release of US Producer Price Index (PPI) inflation data failed to significantly impact market movement, offering little fuel for volatility. Despite the softer inflation data, the overall market remains focused on the Federal Reserve's future policy direction. Speculation over potential rate cuts continues to dominate market sentiment, with traders looking for clearer signals as the central bank navigates its next steps in light of ongoing economic conditions.
From a technical perspective, nothing has fundamentally shifted in terms of the broader outlook for EUR/USD. The euro continues to benefit from dollar weakness, but key resistance levels—such as the approaching supply area—remain intact. A pullback at this level could signal the market’s hesitation to push higher without more significant changes in either economic data or Fed policy.
As the pair nears this important technical zone, traders should remain cautious. The fundamentals underpinning the current market environment haven't changed dramatically, and until there is a clearer shift in the macroeconomic landscape or central bank policy, the euro's recent gains may face hurdles. Nevertheless, with ongoing dollar softness and a Fed-centric market focus, the EUR/USD remains a pair to watch for further developments.
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Bearish drop?EUR/CHF is reacting on the resistance level which is an overlap resistance that align with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.94293
Why we like it:
There is an overlap resistance level that aligns with the 50% Fibonacci retracement.
Stop loss: 0.94920
Why we like it:
There is an overlap resistance level that is slightly above the 127.2% Fibonacci extension.
Take profit: 0.93437
Why we like it:
There is a pullback support level.
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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 61.8% Fibonacci resistance?The Fiber (EUR/USD) is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support level which acts as an overlap support.
Pivot: 1.1104
1st Support: 1.1037
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.
EURCAD Sell continuation signalThe EURCAD pair is trading on the 1D MA50 (blue trend-line) within the 10-month Channel Up. The previous time we had a peak rejection like this, the pair declined by at least -3.88%. The similarities even between the 1D RSI fractals are obvious. Our Target is 1.46550.
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Bearish drop?EUR/USD has reacted off the support level which is an overlap support and could drop from this level to our take profit.
Entry: 1.1025
Why we like it:
There is an overlap support level.
Stop loss: 1.1071
Why we like it:
There is an overlap resistance level that is slightly below the 50% Fibonacci retracement.
Take profit: 1.0956
Why we like it:
There is a pullback support level that aligns with the 78.6% 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.
Potential bullish rise?EUR/JPY has reacted off the pivot which has been identified as a pullback support and could rise to the overlap resistance.
Pivot: 155.90
1st Support: 153.30
1st Resistance: 159.41
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.
Overlap support ahead?EUR/AUD is falling towards the pivot which acts as an overlap support and could bounce to the 1st resistance.
Pivot: 1.64591
1st Support: 1.63587
1st Resistance: 1.66207
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.