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Euro-dollar

A quick Top Down Analysis on the EURUSDHelo students and traders. Here is a quick top down analysis on the EURUSD. By way of summary, we have come to the realisation that this pair is Bearish on the Monthly, Bearish on the Weekly, Bullish on the Daily and 4 hour, while holding a clear bearish perspective on the 1 hour time frame. Because we believe in trading the smaller timeframe in the direction of the larger timeframe, we will want to hold on to the perspectives of the Weekly and the 1 hour charts, and will be looking to trade this pair bearish. Find out how we arrived at this perspective...
Short
by PanzyPips
Near 1000 Pip Dip ExpectedThe EURUSD has been pushing bullish for a while now. On the Weekly chart, we see that the market has been in a down swing that started on July 17, 2023. The market dipped to form a low at 1.0446, following which it began to retrace bullish on October 4. Since October until now, the market has gone through a bullish retracement. Upon seeing the retracement, we were able to find and mark our order block and refine it to the expected reversal zone. Last week saw prices come into our zone and push away in a bid to commence the reversal. If this perspective holds, this pair is expected to dip all the way down to take out the liquidity target at 1.4663 and push beyond it. This down extension push is expected to give us a push in excess of 700 pips and can push as far as 1000 pips and more.
Short
by PanzyPips
2
Eur/Usd (1h)Hello traders! It is clearly seen that the couple has broken the line. In my opinion, the price will go to test the level of 1.0800 and then a decrease to the level of 1.0755, where this level will bring a confirmation for an increase with a target of 1.0965. Be careful, as Wednesday is the FOMC. Be patient and wait for the break to enter the trade. Be careful! Don`t forget to look at the economic calendar! MAKE MONEY AND ENJOY LIFE 💰 THANK YOU! GOOD LUCK! 🙏🏻🙏🏻🙏🏻
Long
by THP-Forex-Academy
Some Bullishness ExpectedToday, we will be looking at this pair from the 4 hour perspective. On this timeframe, we have seen the market continue to make higher highs and higher lows over the past 2 weeks. This up trend is expected tocontinue for a little longer. From our analysis, the market is current making 4 PBs to the top side. We expect to see some retracement at this level to bring prices into our PB, and possibly into our refined zone, from where we will be looking to see prices reverse bullish and go all the way to the our daily liquidity target at the top. It is expected that prices will continue to move bullish until it gets to our weekly zone above.
Long
by PanzyPips
Is the 4-Hour Direction dictating the Bullishness...?From our analysis yesterday, we had a strong bias of dual direction on this pair. While the daily and 1 hour charts were saying the markets will be going bearish, the 4-hour was holding a bullish sway. Yesterday, we saw the markets take a strong bullish swing that completely up-turned the bearish bias. We now have a bullish bias on both the 1 hour and 4 hour charts. So let's analysis this market from the 1 hour perspective. On the 1 hour, the market is in a bullish PB. It has gone on to make a high that is really up high. If the market begins to retrace at this level, we will look to see prices come into our refined zone, and from there look to take a bullish position. When that happens, our target would be the liquidity target above. By this, it is clear that we are currently looking to have a bearish retracement into our PB and ultimately the 1 hour zone, but we need to have a confirmation before we can say for sure that the pullback has commenced.
Long
by PanzyPips
Are We Ready To Resume Selling the EURUSD...?From last week, we saw prices rally all the way up towards the daily zone. This rally was seen as a retracement because, according to our analysis, we had come to see this pair to be in a down trend. With the price entering the zone,we expected an immediate reversal. The market showed some signs of reversal, after which we saw prices go all the way up to spike above our zone. Were we stopped out of the sell position? Of course, YES. But has the trend switched bullish with that move? Hell NO! For the main reason that the daily candle did not close above our zone, we would define that push through the zone as just a spike, and when we say spike, we mean that our bearish perspective on the daily is still valid. With that out of the way, we will now look at the 4-hour perspective. On the 4-hour chart, the price is in an uptrend. The uptrend is what brought prices all the way up into our daily reversal zone. And so we would expect the 4-hour bias to switch very soon to reflect the bearish reversal we are already seeing. How about the 1-hour chart? In the 1-hour, we have already begun to see some good bearish reversals. Yesterday, we got into a trade, that ran about a 1:3 Risk Reward Ratio before it u turned bullish. To be honest, that trade was take as a second resort. This is because we had refined our reversal zone to a much small area, and the market reversed yesterday without getting into the smaller refined zone. Are we suprised the 1st trade failed and the market began to rally again short term? Of course not. All along, our target had been for the market to come into the refined zone. Right now, to our greatest excitement and earnest expectation, we have seen the price rally into our refined zone, and so we are hands-on ready to catch the trade on this pair. Are we gonna jump in right away? By no means NO. The price coming into the zone is just one of several steps we follow to catch our trade using the panzy pips trading methodology. So guys, there you are with the EURUSD. We are finally in our zone, and we expect to see a good deal of reversal from this point. And when that reversal comes, we will be going bearish all the way towards our daily target way below.
Short
by PanzyPips
Are We Still Bearish on The EURUSD, Or Is It Time To Go Bullish?From our previous analysis of this pair, we have been able to keep track of a lot of the market and price movements. Analyzing the markets from a 1-hour perspective over the past few days, we have witnessed a lot of back and forths, though in all of those, the market found ways to take us to our targets at each of those instances before catapulting in several directions. So today, we will be looking at this pair from a 4-hour perspective. On the higher timeframes of the monthly, weekly, and daily, we find an agreement of direction, with all of these timeframes indicating that the market is currently bearish. On the 4-hour chart, we find the market is currently in a down trend, making 1 PB down. This week, we have seen the market plummet down to spike the 4-hour liquidity target, but without taking it out or closing below it. Instead, prices ran bullish after hitting the 1 hour timeframe liquidity target at the same level. Enough of the narrative. Now the analysis. From a 4-hour perspective, the price is currently in a bearish trend and is now on a bullish retracement. Price seems to be aiming for some higher level within the PB to get its reversal. When the reversal comes, we would expect prices to dip all the way to our 4-hour liquidity target below. That is the move necessary to complete the 4-hour swing and move us into the next bearish PB on the 4-hour. Upon
Short
by PanzyPips
A Bullish U-Turn in SightSo finally, we have come to the end of the 1-hour bearish trend that was based on the 4-hour bearish swing. Remember that our trading Bearish was a counter trade in light of the 1 hour. Even though we were stopped out on that trade, I am sure we have all learned a very important lesson: always listen to the trend and go in its direction. Recall that the 1-hour was screaming bullish while the 4-hour was bearish. The 1-hour chart definitely chose to hold strong and move the market in its direction. So let us now look at the market in the direction of the trend. On the 1-hour chart, we can see that the market has made three bullish swings. It is currently making 3 PBs to the top. On the 4-hour chart, the market is equally bullish, with 1 PB to the up side. On the daily, we still have the market in a bearish PB. The bullishness of the 1 hour and the 4-hour charts are likely to be retracements on the daily charts. Be that as it may, we will still expect the bullishness to hold sway and look for trading opportunities in that direction. We would expect the market to remain bullish until the daily zone. The zone is our refinement of our bearish PB. When the market gets there, we will be more attentive to see a reversal play out. We have established that the market is currently bullish on the 1 hour and 4 hour charts. So let's consider some trading opportunities. On the 1-hour chart, we have 3 PBs to the top side. We expect to see a bearish market pullback to give us an opportunity to get in on the LONG trade. The market is expected to retrace to our zone, as marked on the chart. From there, we would look to trade bullish using one of the trade entry methods taught at Panzy Pips Forex. There is also the likelihood of the market reversing without getting to our marked reversal zone. Where that happens, we will apply the rules taught by Panzy Pips to catching such trades, and we will look to catch that wave all the way up to the top. Long story short, we are out of this trade, and the trend is bullish on the 1-hour chart.
Long
by PanzyPips
EURUSD: Daily Price Action Suggests A Move UpLooking at this pair it's been trading in a descending dynamic channel since mid-July, it makes up nearly 58% of the DXY index and so is in close negative correlation to this index. We can see the on the daily a pinbar followed by a long-wick doji, which could mean reversal, the opposite can be seen in DXY: We can now see a breakout of the channel, and the pinbar was formed on the restest, and now the long wick doji. We have a lot of news this week affecting the Euro (Mon / Tues), and then the USD (Wed). Overall I think that the price action is determining a weaker dollar which means stronger crosses for the next short period of time, dollar needs a rest and has failed to form a new HH yet despite economic news that would normally entice the bulls. There will be volatility this week so being conservative with initial target, however depending on the news we could well see us back over 1.08 this month.
Long
by Finchcliffe
1
Can the Bulls Hold this Up Move...?We are currently seeing some bullishness on this pair with regards to the 1-hour timeframe. We have marked out our zone, as we would expect the market to retrace before moving further to create higher highs. We have the market on the 1 hour timeframe currently making a Bullish PB, and we have done a bit of trade setup, looking and waiting to catch the longs trade when it comes with a retracement into our zone. But there is one thing, and it seems to beg the question. Though our analysis are in order, there is a concern about looking to take the bullish run. The question is this: "Can the Bulls Hold this up move?" As much as I would like to hold on to the already established 1-hour bullish analysis, I am afraid I might have to think otherwise. Here is our reasoning: The market has made a bullish push, an upmove, and an impulse on the 1 hour, but this entire bullish swing on the 1 hour timeframe forms what we can call a retracement on the 4 hour timeframe. With the market already touching the 4-hour zone marked out, we can see two reasons why the market will turn bearish: the first reason is the 1-hour retracement, and the second reason is the 4-hour extension building up. Because we know that the lower timeframes move in the direction of the higher timeframes, we are expecting the 1 hour to give way to the 4 hour. And so we would hope to see prices melt as a retracement on the 1 hour towards the 1 hour zone. But in truth, that zone has only a 20% chance of holding. I its expected to be tested to put up some support , perhaps about 2 to 3 tries max before it gives way for the bears to take control of the market. If that zone holds, we might see the bulls push the market higher for a bit. This up move will either be cut short by the current 4-hour zone to go bearish, or it might clear the 4-hour zone to make a higher zone before it reverses. On the whole, we look at the market in the lower timeframes without forgetting the direction of the trend in the daily timeframe, which is still bearish.
Short
by PanzyPips
We are Still BearishAs promised, we are here with the 4-hour chart analysis. If you have been following our analysis for a while, it would be absolutely clear to you from our charts that we are in a 4-hour bearish swing. The harmet is heading for the daily liquidity target below. We are currently experiencing a bullish retracement on the 4-hour. This is necessary as the market never moves in a straight line. With 1 PB down, the 4-hour chart has retraced to gather momentum for the next dip towards the daily liquidity target. We have refined our PB to a zone. The zone is as marked out on the chart, We expect to see some bearish reversal at this point. Where that is the case, this pair is expected to resume it bearish run towards the daily liquidity target.
Short
by PanzyPips
A little Bit of Bullishness in a Bearish MarketWe have seen this pair progress Bearish over the past few days. On the 4 hour and the 1 hour charts, which would be our primary focus for this analysis, the market has been Bearish. But today we have seen a trend shift on the 1 hour. the 1 hour chart has turned Bullish today. Taking a close look at the 4 hour (using the multi time frame analysis taught by Panzy Pips fx), we see that the 4 hour has completed 1 down PB and is not retracing Bullish. That is the bulishness we are witnessing on the 1 hour. We are expecting this bullishness to hold monentarily to help give us the needed retracement on the 4 hour bearish swing. In another analysis, we will look at the 4 hour from the retracement perspective, marking out our PB and refining it to our reversal zone. And in yet another analysis, we will look at the market from the current bullish perspective as played out on the 1 hour. The essence of the 1 hour bullish analysis is to see how far we would expect the retracement to go, comparing it with our refined reversal zone of the 4 hour. With these pieces of information, we should be able to have a clear direction of market movement, with an added advantage of narrowing it down to actual reversal zones.
Long
by PanzyPips
6
DXY- The start of a new journey?DXY has broken a previous high and has escaped this range scenario from 01/01/22, Price has now formed a flag or consolidation above this high. If we take the length of the flag pole and extend it above the flag itself we can see this price ends up in this area of previous value, in my opinion USD is likely to make a move here. We can look for tell tale signs of selling of in risk assets to add fuel to the fire here. You can also check my EURUSD Idea on how to potentially make some profits in the upcoming moves.
TVC:DXYLong
by ZenFlo