EURUSD Long Trade very soon!On EURUSD, a bearish setup is presenting itself today. I have identified a demand zone at the level of 1.1085 that the price will use as a retest point before continuing the descent to the 1.0960 zone, where there is a POI, an entry point for a long trade. The target is at the 1.1095 zone.
Let me know what you think.
Good trading to everyone.
Euro-dollar
✨ 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 🙏
XAUUSD The long is just started!Even the data confirmed the expectations... The dollar is too weak due to the fear of a debt default in June. In this analysis, I identified a possible short scenario through my strategy number one, with an entry in the 2045 zone and then a retest of 2020 before resuming the climb towards 2100.
Let me know what you think.
Good trading to everyone, bye.
Forex48 Trading Academy
EURUSD Waiting for NFP In the EUR/USD exchange rate, we are seeing a very weak euro following the ECB's interest rate hike. My scenario is to wait for the dollar to push the exchange rate up to the 1.0950 zone, which could happen tomorrow when the NFP data is released. In that area, I have identified a really interesting entry point to restart the long euro position. Let's not forget that the American system could default between June and July due to the debt ceiling if it is not increased.
Let me know your thoughts.
Good trading to everyone.
Forex48 Trading Academy
USDCAD Finally the Short Momentum!On USDCAD, we have a great bullish moment that is bringing the price to the supply zone. At 1.365 area, we have a strong resistance zone. At that point, I identified a POI that could be my entry point to the market with a target of 1.3538. RR 1:6.
The trade is very risky because the interest rate data will be released in 4 hours.
Let me know what you think. Good trading to all, bye.
Forex48 Trading Academy.
EURNZD Long Setup H1On EURNZD, we have a price that has just broken the previous highs, effectively creating an entry zone within the demand, which is a strong support zone. The objective is to enter long with a target of 1.78.
Let me know what you think.
Happy trading to all.
Forex48 Trading Academy
EURCHF Waiting for a long setupEURCHF is consolidating within a support wave, called demand. The objective is to wait for it to break the previous highs at H1, creating an additional demand zone within the main one, and then use this zone as a possible entry point for a long trade.
Let me know what you think.
Happy trading to all.
Forex48 Trading Academy
USDCHF Is there a Long?On this pair, we have an excellent Demand zone in which the price could create a bullish setup, and then we could position ourselves for a long trade. Perhaps in anticipation of tomorrow's data, which predicts a rate hike that will occur 99%, it could push the dollar higher and bring some strength back to the currency that has lost a lot of ground in the last three months.
Let me know what you think.
Have a nice trading.
Forex48 Trading Academy
EUR/USD -3/5/2023-• Euro Dollar is trading in a tight range between 1.09 and 1.11
• Bulls and bears are in balance, awaiting this week's key rate decisions for fresh impetus
• Technical setup is pointing towards a breakout soon and odds are 50 50
• We can see an ascending triangle and the price action is shrinking as we move through the cradle of the triangle
• This pattern is questionable since we usually see an upward preceding move before the triangle formation which is not the case here
• Whether the triangle formation is valid or no, we got an ascending trend line which has been tested in March and a resistance area between mid 1.10s and 1.11
• Bulls are trying to break above 1.11 from current levels, and might see a better opportunity if the price re-tests the trend line support.
• Bears need a clear break below the 20 MA and the trend line in question to flip the odds in their favor
• Two factors can negate the long term bullish trend:
1- Breaking below the ascending trend line with a clear confirmation ( several daily closes below with an increased volume )
2- Trading below mid 1.05s which breaks the higher lows series that's been forming since last November.
• This week is full of key events and economic data: FED and ECB are gonna release their rate decisions along with their forward guidance on the path of tightening policy
• NFP report on Friday
• Markets are expecting 25 bps from both central banks but keep in mind that surprises can always occur, just like the surprise rate hike from RBA last night
Traders, if you like this idea please comment and like ✅
Here to answer all your questions,
Good luck
XAUUSD Long TradeOn gold, I have identified a long opportunity. After examining the asset, I have set my strategy to enter on 25% of the demand zone if the price breaks the previous high with three consecutive bullish candles in both H1 and M15 timeframes.
Let me know your thoughts.
Happy trading to all.
Forex48 Trading Academy
✨ UPDATE 5: EURUSD ✨ TP1 TRIGERRED ✨🔥 TP1 TRIGERRED / +SL MODIFIED 🔥
SLO2 @ 1.1040 📉 +70 pips or $520.00 USD*️⃣
SLO1 @ 1.1015 📉 +45 pips or $270.00 USD *️⃣
+SL @ 1.0993 🚫 👈🏾 +47 pips or $470.00 USD *️⃣
TP1 @ 1.0975 (shaving 25%) 🤑
🤑 PA is moving in our favor with a combined Net Equity of +115 pips or HKEX:1 ,150.00 USD*️⃣
🚫 MODIFIED +SL (see above) to lock in +47 pips or $470.00 USD *️⃣
*️⃣(based on a Standard Lot size of 100,000 Units or 1.00 (MT4/MT5
EUR USD - FUNDAMENTAL DRIVERSAn extended period of U.S. dollar depreciation is approaching.
The greenback could be relatively stable in the near term, as some additional Fed tightening combined with the potential for mildly unsettled markets could provide temporary support for the greenback. However, we expect the U.S. currency to come under pressure as aggressive Fed easing starts in Q4-2023. We forecast the trade-weighted dollar to soften 3% over the balance of 2023, and by a further 5% in 2024.
✨ UPDATE 4: EURUSD ✨ COUNTER-TREND TRADE ✨SLO2 @ 1.1040 📉 +52 pips or $520.00 USD*️⃣
SLO1 @ 1.1015 📉 +27 pips or $270.00 USD *️⃣
+SL @ 1.1014 🚫 👈🏾 +27 pips or $270.00 USD *️⃣
TP1 @ 1.0975 (shaving 25%)
TP2 @ 1.0933 (shaving 25%)
TP3 @ 1.0885 (closing ALL Sell Positions) 👈🏾
🤑 PA is moving in our favor with a combined Net Equity of +79 pips or $790.00 USD*️⃣
🚫 MODIFIED +SL (see above) to lock in +27 pips or $270.00 USD *️⃣
✍️ MODIFIED TP3 (see above)
*️⃣(based on a Standard Lot size of 100,000 Units or 1.00 (MT4/MT5
EUR USD - FUNDAMENTAL DRIVERSAn extended period of U.S. dollar depreciation is approaching.
The greenback could be relatively stable in the near term, as some additional Fed tightening combined with the potential for mildly unsettled markets could provide temporary support for the greenback. However, we expect the U.S. currency to come under pressure as aggressive Fed easing starts in Q4-2023. We forecast the trade-weighted dollar to soften 3% over the balance of 2023, and by a further 5% in 2024.
EURUSD: 2 Scenarios Explained 🇪🇺🇺🇸
Important fundamentals are coming.
Watching the current state of affairs on EURUSD, I see 2 potential scenarios.
Bullish
The price keeps setting equal highs, perfectly respecting 1.1045 - 1.1095 resistance.
If the price breaks and closes above that, I will expect a bullish continuation to 1.116 level.
Bearish
The price keeps setting higher lows, respecting a rising trend line.
If the price breaks and closes below that, a bearish continuation will be expected to 1.1093 level.
Wait for a breakout, traders.
What do you expect?
❤️Please, support my work with like, thank you!❤️
EUR/USD -28/4/2023-• Up trend intact as long as we are above the line
• 20 Moving average supporting the price
• Buying pressure/momentum is still bullish
• Potentially, the Euro is ready to print new highs in the coming sessions
• First upside target is 1.11360 followed by 1.1190 and 1.123 (61.8% of the entire 2021-2022 decline)
• We might see a re-test of the ascending trend line soon before the bulls resume the rally, keep in mind markets never keep moving in one direction, expect some profit taking and correction soon
DXY -28/4/2023- Where is the Dollar heading ? • The US Dollar erased all of the gains it made from May 22 till Oct 22
• 20 Moving Average acting as a resistance, the index is unable to break it
• Possible descending triangle, a bearish continuation pattern
• 100.80 support has been tested multiple times, increasing the odds of the bears breaking it and selling pressure dominating
• Were the bears able to break the above level, next support is the 100 psychological level followed by 99.34 and 97.70
• A break of the triangle exposes the index for a 2% move lower, taking the EUR/USD pair to 1.12-1.13 level