✨ 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
Euro-dollar
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
🤑 WE TOOK PROFIT 🤑 ✨ NEW EURUSD ✨ COUNTER-TREND TRADEOLD:
SLO @ 1.1065 ⏳
SSO @ 1.1040 📉 +69 pips or +690.00 USD *️⃣
+SL @ 1.0990 🚫 +50 pips or +500.00 USD *️⃣
TP1 @ 1.0975 (shaved 50%) 🤑 +65 pips or +650.00 USD*️⃣
TP2 @ 1.0933
TP3 @ 1.0900
NEW:
-SL @ 1.1076
SLO2 @ 1.1040 ⏳
SLO1 @ 1.1015 📉
SSO @ 1.0963 ⏳
TP1 @ 1.0975 (shaving 50%)
TP2 @ 1.0933 (shaving 50%)
TP3 @ 1.0900 (closing ALL Sell Positions)
ADDITIONAL INFO:
00:00 Reviewing Our Analysis
00:18 We Took Profit @ +SL @ 1.0990 (80m)
02:19 Add-On SLO1 📉
03:23 Add-On SLO2 ⏳
04:07 Anticipatory Trend is a DT
04:51 Shaving 50% per TP
06:22 The Preferred Buy Limit Order
06:48 Close ALL Sell Positions @ TP3
07:54 DCA: Aggressive, Preferred, Conservative
08:39 Boost, Follow, Comment, Join
🤑 Gross Equity is @ +135 pips or +1,350.00 USD *️⃣
*️⃣(based on a Standard Lot size of 100,000 Units or 1.00 (MT4/MT5)
EURNZD LONG TRADEI have marked two zones on EURNZD, one of supply and one of demand. My analysis focuses on the second one, as I have noticed some spikes, which are false price breaks in this area. The goal will be to look for an entry for a long trade.
Let me know in the comments what you think.
Happy trading to everyone, bye.
EUR/USD's hidden clues & key levels?
Here’s an interesting chart: the inflation differential of the US and the EU plotted against the EUR/USD pair. If we approximate the range of the inflation differential with an upper bound of 1.5 and a lower bound of -0.5, we get a compelling signal for trading the EUR/USD pair. Buying EUR/USD when the inflation differential bottoms has resulted in success 4 out of the 5 times this signal was triggered.
Repeating the analysis using the preferred inflation measures for both central banks – PCE for the Federal Reserve (Fed) and EU HICP for the European Central Bank (ECB) – yields similar results.
Is this spurious correlation or is there more to this? Our guess is that the inflation differential drives expectations of one central bank’s move versus the other which affects the currency pair.
The upcoming US PCE release on 28th April will provide insight into whether the inflation differential between the US and EU will continue to narrow. The validity of this data remains to be seen, but it's certainly an intriguing observation to consider!
The rather eventful economic calendar over the next two weeks offers opportunities for this pair. Starting with the PCE Price Index released on April 28th, it is followed by the Fed meeting on Wednesday, May 3rd and the ECB meeting on Thursday, May 4th.
With these events in mind, we want to position ourselves for the flurry of announcements coming out, which could play into EUR/USD strength.
The long-term price action still seems to point towards an uptrend, with the 100-day Simple Moving Average (SMA) crossing the 200-day SMA and clearly marking previous swings. The current price is also consolidating at the 1.1000 psychological level, with parity and 1.2000 levels roughly marking the EUR/USD range for the decade.
Zooming in, the EURUSD has been trading in an uptrend. An attempt to break above the 1.11 level was quickly rejected, with prices trading back to the trend support shortly after. We are currently witnessing another attempt to break this same level once again. Hence, a risk-managed trade could yield opportunities here with the upcoming onslaught of announcements. Setting up a long position at the current level of 1.1074 with a tight stop just below the trend support at 1.0945 and take profit level of 1.1400 would give us a risk-reward ratio of roughly 2.5. Each 0.00005 increment per EUR in the EURUSD futures contract equal to 6.25$.
The charts above were generated using CME’s Real-Time data available on TradingView. Inspirante Trading Solutions is subscribed to both TradingView Premium and CME Real-time Market Data which allows us to identify trading set-ups in real-time and express our market opinions. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
Disclaimer:
The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description.
Reference:
www.cmegroup.com
EURNZD SHORT TRADEIn EURNZD, a very strong resistance zone has been formed. The price has breached this zone in the last few hours, creating a small supply that, according to the strategy I use, I will use as an entry point for a short trade.
Let me know your thoughts in the comments.
Happy trading to everyone, bye.
UPDATE ⚠️ NEW EURUSD ✨ COUNTER-TREND TRADE ⚠️SLO @ 1.1065 ⏳
SSO @ 1.1040 📉 +69 pips or +690.00 USD *️⃣
+SL @ 1.0990 🚫 +50 pips or +500.00 USD*️⃣
TP1 @ 1.0975 (shaved 50%) 🤑
TP2 @ 1.0933
TP3 @ 1.0900
ADDITIONAL INFO:
00:00 Reviewing Our Analysis
00:41 We Took Profit @ TP1 🤑
00:59 +SL @ 1.0990 (80m)
01:22 New SLO ADDED @ 1.1015 (80m)
02:30 Boost, Follow, Comment, Join
🤑 Net Equity is @ +69 pips or +690.00 USD *️⃣
🤑 We shaved 50% from our TP1 for a profit of +65 pips or +325.00 USD*️⃣
*️⃣(based on a Standard Lot size of 100,000 Units or 1.00 (MT4/MT5)
🔥 NEW EURUSD ✨ COUNTER-TREND TRADE 🔥-SL @ 1.1076 🚫
SLO @ 1.1065 ⏳
SSO @ 1.1040 📉
TP1 @ 1.0975
TP2 @ 1.0933
TP3 @ 1.0900
ADDITIONAL INFO:
00:00 Counter-Trend Trade
01:11 Can We Catch the Short?
01:49 Dollar-Cost Average
02:57 Take Profits
03:39 Previous Video for Buying Opportunities
03:56 Boost, Follow, Comment, Join
EURUSD buy from level 💶💵Hello guys, Everything is explained on the chart for you like always. The price is coming to the interesting point, So you can monitor the price's action there to enter temporary buy position or as a point to close sell positions. Key point is 1.075.
Good luck.
If you like the idea, do not forget to support with a like and follow me for next analysis :)
.
salam be doostan, hame chiz rooye chart moshakhas shode, gheymat dar hale amadan be noghte gazabi hast, pas mitoonid raftar gheymat dar in noghte ra rasad knid baraye vorod be position buy movaghat ya bastan position haaye sell. noghte kelidi ham 1.075 hastesh.
moafagh bashid.
like va follow faramoosh nashe :)
🔥 NEW CURVE ANALYSIS 🔥 EURUSD 🔥 SWING TRADE 🔥✨ PROFIT WITH PROFESSOR ✨
TP3 @ 1.1025
TP2 @ 1.0980
TP1 @ 1.0910
BLO1 @ 1.0895 ⏳
BLO2 @ 1.0866 ⏳
BLO3 @ 1.0845 ⏳
-SL @ 1.0831 🚫
ADDITIONAL INFO:
00:00 Modifications
00:48 Dollar Cost Average
02:10 Taking Profit
03:00 Minor Support Level(s)
03:59 Patience Paid Off
04:25 Counter-Trend Sell Opportunity
08:30 Boost, Follow, Comment, Join
EUR/USD -21/4/2023-• Triangle pattern on hourly chart, so consolidation mode and sideways market
• Triangle is usually a continuation pattern
• Previous move was bullish, so breakout should be to the upside
• First support 1.0910 followed by 1.08320 and 1.07140
• First resistance 1.09980 followed by yearly highs at 1.10750
• Triangle breakout target as per the measurement method is a 100 pip move
🔥 EURUSD 🔥 DAY TRADE 🔥 AT MARKET OPEN 🔥00:00 Intro
00:40 Considering It An Uptrend
01:20 Resistance / Minor SZ
01:29 Demand Zone(s)
04:22 Support or Demand?
05:47 Early Entries
07:01 We're @ Mid-Pivot!!!
07:47 Review
08:31 Boost, Follow, Learn, Comment
4️⃣ TP2 @ 1.1015 (closing ALL buying positions)
3️⃣ TP1 @ 1.0999 (shaving 50%)
1️⃣ BLO1 @ 1.0962 ⏳
2️⃣ BLO2 @ 1.0944 ⏳
5️⃣ -SL @ 1.0933 🚫
ADDITIONAL INFO:
1️⃣ This is my main focus for a Buy Entry to capture an uptrend
2️⃣ If BLO1 doesn't hold, then we'll have a 2nd opportunity at this price
3️⃣ I'm anticipating the possibility of Price Action (PA) pulling back (PB) to do downside just before the uptrend (UT) Anchor Break (AB), and if it does, we need to put at least half of it in our pockets
4️⃣ And if you like being a little more aggressive and reach more, then here's another opportunity to put a little more in your pocket.
5️⃣ MODIFIED: I lowered my Stop Loss to 1.0933 (I don't expect PA to come this low, but you'll never know)
EUR USD - FUNDAMENTAL DRIVERSThe Pound and Euro could reach fresh multi-month highs against the U.S. Dollar this spring, although a lull in price action over the northern hemisphere's summer months would then be expected.
This is according to the analysis of W. Brad Bechtel, Global Head of FX at Jefferies LLC, which also warns of the potential for a more notable turn lower in the Dollar by year-end.
Bechtel has been watching the Dollar index - a measure of overall USD performance against a basket of major currencies - and finds the rise witnessed over recent days can continue, even if it is somewhat unconvincing.
"I am still of the view that we are likely to see some weakness in the USD in the medium term, but in the very short term DXY might get pulled just a bit higher first," says W. Brad Bechtel, Global Head of FX at Jefferies LLC.
Bechtel is watching U.S. interest rate markets as an explainer of the Dollar's performance as inflation narratives become "a thing again" .
"DXY made a double bottom around 100.80 for now but has not really participated in the rally as U.S. rates grind higher," says Bechtel.
U.S. two-year bond yields have been rising since the week of March 20, a development that would typically be expected to offer the U.S. Dollar support.
But, "in percentage retracement terms the USD is nowhere close to the 50% seen in the 2yr which tells me that there is some structural weakness in the USD out there still" .
"If this move in U.S. yields fizzles and starts to reverse lower again, then the USD will take out 100.80 pretty quick and EUR/USD will rise through 1.1100," predicts Bechtel.
The Dollar is expected to be the prime driver of where the Pound to Dollar exchange rate and other pairs trade over the coming weeks.
"In the end, EUR/USD will trade to 1.1250, GBP/USD 1.2700, AUD/USD through 0.7000, maybe up to 0.7200 eventually," says the Jefferies analyst.
The Dollar index is meanwhile expected to trade through 100.00 floor, but Jefferies' FX strategy team is not looking for "a huge break lower" .
"A move through 100.00 and then some range-bound activity as we push through the Summer," says Bechtel.
This suggests another leg higher in GBP/USD, EUR/USD, AUD/USD et al. is possible during spring, ahead of rangebound trade during the summer months (through to end-August).
"By end of Summer, we'll have a better view on where things stand with the US economy. Will the US economy roll over hard or will the Fed pull the rabbit out of its hat and have a soft landing," says Bechtel.
If the Dollar slides sharply into year-end and into next year "then we could enter a bigger down cycle in the USD, but I am reticent to make that call just yet," says Bechtel.
EURUSD will it clear out of congestion?On EUR/USD we have a strong congestion. I have identified two hot zones, one supply and one demand. The expectation is very simple, I will look for a short or long trade based on the setup that could be created if the price were to return within the supply or the demand. We will see... Patience is the key. Let me know what you think in the comments. Happy trading everyone, bye.