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EURUSD is falling with 🗻🗻🗻Triple Top Pattern🗻🗻🗻!!!EURUSD managed to form a 🗻🗻🗻 Triple Top pattern 🗻🗻🗻. EURUSD is currently completing the pullback . I expect EURUSD to drop to the next 🟢 support zone($ 1.076-$ 1.0712) 🟢 after completing the pullback to the 🔴 resistance zone($1.095-$ 1.0915) 🔴 and the neckline. 🔅Euro/U.S.Dollar Analyze ( EURUSD ), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
15
EUR USD - FUNDAMENTAL ANALYSISEuro Outlook: Euro-Zone Economic Concerns will Continue Danske expresses reservations over the Euro-Zone performance after a run of generally disappointing data. It adds; “We expect this weakness to become more pronounced in H2 as the full impact of the last year’s monetary policy tightening hits the real economy. Overall, we think the US economy will prove more robust compared to the European counterpart in H2.” A key assumption by Danske Bank has been that financial conditions will tighten. In this context, the bank notes that if there is a sharp drop in core inflation and a more resilient than expected global economy, then financial conditions would ease which would limit dollar support. An important element in the bank’s analysis is that the Euro is currently overvalued which will tend to sap currency support. The bank expects that the Euro to Dollar will weaken to 1.03 on a 6–12-month view. Nevertheless, it adds; “If the energy crisis eases and/or euro area countries return to a regime centred on fiscal rules, there is room to place a higher fair value estimate on EUR/USD.”
Long
by thunderpips
1
EUR USD - FUNDAMENTAL ANALYSISFX analysts at Danske Bank, UniCredit, UOB, and ING suggest that the near-term direction of the EUR/USD exchange rate is somewhat uncertain, with the potential for both downside risks and temporary upticks. Factors such as the state of the US economy, the next central bank meetings, and risk-off sentiment related to the US debt-ceiling situation are expected to play a significant role. The robustness of the US economy, tighter USD liquidity conditions, and technical indicators all suggest a possible downside risk. However, the potential for a multi-quarter or even multi-year decline of the dollar could indicate a longer-term upward trend for the EUR/USD. Nevertheless, this potential surge is not expected to be a smooth ride, with the US banking crisis and the risk of a US Treasury default posing considerable risks. Euro to Dollar Exchange Rate Forecast: A Balance of Uncertainties Edoardo Campanella, Economist at UniCredit, believes that the financial market is currently in a state of flux due to mixed economic data, especially from the US. This, in turn, affects the FX market, leading to a lack of clarity on the future direction of EUR/USD. "Seesawing remains the theme in the FX market, primarily because the next central bank meetings are quite far away," says Edoardo Campanella. He adds, "EUR-USD remains above 1.08 but a sustained rebound even above 1.09 looks quite difficult currently and the picture is similar for GBP-USD after attempts to break above 1.2550 failed again." Echoing these thoughts, Mohamad Al-Saraf, Associate, FX and Rates Strategy at Danske Bank, also expresses a bearish stance on the Euro to Dollar rate. He cites the robustness of the US economy and tighter USD liquidity conditions as driving factors for a potential downturn. "While we have had a long-held bearish stance on the EUR/USD on the strategic horizon, we now also find it increasingly likely that the cross could head lower in the near-term," says Al-Saraf. Al-Saraf goes on to explain the irony of the current economic situation, "Risk-off sentiment caused by the US debt-ceiling situation could ironically also weigh on the EUR/USD in the near-term." Long-Term Forecast: A Multi-Quarter Dollar Decline? Francesco Pesole, FX Strategist at ING, holds a long-term view that suggests a multi-quarter, if not multi-year, decline of the dollar. The strategist cites the end of the Fed tightening cycle and a potential credit crunch leading to a US recession as main drivers for this prediction. "Based on our view that the Fed tightening cycle is over and that a credit crunch makes a US recession more likely, we believe the dollar is about to embark on a multi-quarter (if not multi-year) decline," says Francesco Pesole. He further states that such a decline may be realised in the second half of 2023, emphasising a potential easing of policy by the Federal Reserve. "The bulk of that dollar decline may come in 2H23 as the US disinflation story builds and the Fed front-loads easing with 100bp of cuts in 4Q23. That could see EUR/USD at 1.20 end year," says Pesole. However, Pesole also underscores that this journey to a declining dollar will not be devoid of risks, particularly highlighting the US banking crisis and the risk of a US Treasury default as key threats. "The most pressing risks are the US banking crisis and the risk of a US Treasury default in the June/July window. Historically, stress in US money markets has triggered a temporary surge in the dollar," he adds. Despite potential turmoil, Pesole maintains that any substantial drop in the EUR/USD exchange rate would be temporary, "Any flash crash below 1.05 should be temporary."
Long
by thunderpips
2
✨ NEW ENTRY: EURUSD ✨ DAY TRADE (4H) ✨SLO @ 1.1085 (80m) TP3 @ 1.1055 (closing ALL Buy Orders) TP2 @ 1.1020 (shaving 50%) TP1 @ 1.0980 (shaving 50%) BLO 1.0915 📈 -SL @ 1.0885 🚫 🚫 Unfortunately, my SL was too tight and "they" got me. Price Action on the 3m chart appears to be based on the Wyckoff Accumulation Phase, so I re-entered @ the same BLO (see above) Wyckoff Accumulation Phase (s3.tradingview.com)(High Probability) 1. We have the “Preliminary Support” (PS) After a long move down, we start to see signs of high volume and gaps getting bigger. As buyers start to show up, we also see the first sign that selling might end soon. 2. Referred to as the “Selling Climax” (SC) Prices drop quickly during this fear-selling phase, which starts when Preliminary Support stops working. This can cause prices to jump way out of their normal range and gaps to get very big. In some cases, the ending price can be far from the low. When this happens, the candlestick chart will show a big "wick." 3. The Automatic Rally (AR) When sellers stop putting as much pressure on prices, prices often go back the other way with almost as much force when buyers start putting pressure on prices again. This change happened because short sellers bought back the instrument they were shorting. It's important to keep in mind that the peak at this time often marks the top of the stabilization. 4. The Secondary Test (ST) With a more measured approach, Price Action tends to return to the structure's lower levels. As a result, sellers are in play; however, the volume will only increase once sellers find a better opportunity. During this time, it is not uncommon to have a few more tests, like this. 5. The Spring (S) At this juncture, the bottom is unexpectedly retested with sufficient force to deceive market participants into thinking the downward trend has resumed. A "swing failure pattern" describes this kind of behavior nearly precisely. It is basically a shakeout. However, it's essential to remember that this movement is only sometimes necessary. As a result, we anticipate that Price Action will react by regaining control from a lower major Support Level.
Long
by ProfessorCEWard
XAUUSD is on FIRE!!! Gold to 2100I have to be honest, the week started off great on this pair. Forex48 strategy is already up +16%. Overall, we have gold that is caught in a vice between a demand zone around 2015 and a supply zone around 2060. After today's movement, the direction of gold is even clearer. We have a price that is heading towards 2100. The dollar no longer has strength, a currency that is facing its worst crisis since the post-war period. Unfortunately, all we can do is profit from it. Let me know what do you think. Have a nice trading. Forex48 Trading Academy
OANDA:XAUUSDLong
by Forex48_TradingAcademy
1
GBPNZD Short Setup H1On this pair, we have a price that is located at 1.9830 within a really strong demand zone. Using the Forex48 strategy, I have identified a supply zone around 1.9940, within which a bearish setup has formed. As you can see, I have marked my entry point in yellow. So, to summarize, I will wait for a price bounce in the 1.9940 area, after which I will open a short trade with a target of 1.97. Let me know what you think. Happy trading, everyone. Forex48 Trading Academy
Short
by Forex48_TradingAcademy
✨ UPDATE: EURUSD ✨ MARKET ANTICIPATION ✨Hey TradingView Fam 👋 Banks in the United Kingdom will be closed on Monday to commemorate King Charles III's coronation. French banks, on the other hand, will be closed to commemorate Victory Day. Furthermore, there is currently no HIGH IMPACT news for Tuesday. We're missing the first three days of the week, which will most certainly result in significant market action on Wednesday. As a result, we must plan for and anticipate any possible spikes or breakouts. The most advantageous method we might implement is to use conservative position sizes, 2% to 3%, and to take the necessary steps to reduce any risks. EURUSD leads the charge in the Forex Market, so let's get ahead of the curve and use this to our advantage. Be blessed 🙏
Short
by ProfessorCEWard