SELL EURUSDEURUSD is in a bearish and descending channel on the daily and weekly timeframes.
Next major drop will occur with a break and close below area 1.05 and with a target to the lower channel and the supply support zone at area 0.85.
Euro
EURUSD: ZONES and CHANNELS Hello traders:
This is intraday analysis for EURUSD:
The mid-term channel is bullish and we are around a good place to see pressure of buyers.
On the other hand, the bullish short-term channel is broken but we are far enough from it.
I'm searching for longing the pair around the current zone 1.0845. my first tp could be around 1.08550 and the final TP is 1.08650.
the 1.08650 zone is perfect for short trading if it coincide with the middle mid-term channel.
EURUSD: Today's result is critical for maintaing the Channel DowEURUSD has turned bullish short-term on its 1D technical outlook (RSI = 59.604, MACD = 0.002, ADX = 30.311) as it rebounded before the 1D MA50/200 test. This is making a LH, same way it did on March 21st, again after holding the 1D MA50/200. Similarly, the 1D RSI us on the MA period. A rejection today validates the fractal bias of happening again. In that case, we are still on course to forming the new bearish wave of the five month Channel Down. We are still aiming for the 1.236 Fibonacci extension (TP = 1.05550).
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TRADE SIGNAL - BUY EURJPYWeekly and daily price bars has not moved bullish at all (no top wick), and price seats currently on psychological level 170.000. There are chances that price has found support at that level. If so, then expect a bullish swing up to 171.000 in the coming hours or days.
Confluences (A.K.A checklists) to look out for:
✅Price at psychological level?
❌Has there been a recent intraday range?
❌Do you see 30 mins or 1 hr price bar closure outside recent range?
❌Will position be in the direction of 4hr and Daily trend ?
✅Has nearby wicks to the left-hand-side been identified and marked as potential problem area/TPx?
Go long only when you tick out this checklist!!!
Trade parameters:
Buy @ 169.982 - 169.781
Flex SL 169.449
Final TP 171.002
Warning:
1. trading derivative could result to loss of your capital, kindly apply caution and use only the money you can afford to lose.
2. Previous performance is not a guarantee that my signals will profit you. Accept and implement this idea at your own risk.
3. You are advised to apply proper risk management while trading derivatives...!!!
BR,
Kings
Learn how to trade. See my signature below or visit my profile for more details
EURUSD, growth continue. Powerful tendention.Hi friend. Euro show stable upward tendention based on big accumulation zone. I specially take a 2H timeframe to show it mass. We have 2 transit levels (1.0879 and 1.0894) also there is mirror levels - 1.0902, 1.0906 (pivot). And finally we have on chart bulls target level and strong resistance - 1.0920.
Follow me. And i`ll be pleasure to know your opinion.
GBPJPY near the current highest point of this year#GBPJPY EASYMARKETS:GBPJPY
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EURUSD, growth continue. Target still 1.0879Hi friend. Euro have good bulls accumulation zone and we continue going upper to 1.0879. On the road we have 1 transit level - 1.0861 (there can be correction). Support me by boost. Dont forget to write your opinion!
Euro bearish guard against Swiss francAt the same time as the price hits the ceiling of the descending channel, it has formed a AB=CD pattern as well as 5 rising Elliott waves. Between wave 3 and 5, we see the formation of negative divergence in the RSI indicator. It is expected that we will see the price fall at least to the Fibonacci range of 23%.
HelenP. I Euro will continue to fall to support line of channelHi folks today I'm prepared for you Euro analytics. Some time ago price reached the support level, which coincided with the support zone, and soon broke this level, made a retest, and continued to move up. In a short time, EUR rose to a resistance level, which coincided with the resistance zone and even rose higher to the trend line, breaking the resistance level. But soon, the price turned around and started to decline in a downward channel, where it at once broke the 1.0865 level, and fell below, but soon it backed up and reached the trend line again. Later price finally broke the resistance level and continued to decline to the support line of the downward channel, after which the Euro rebounded and rose to the resistance zone, which coincided with the trend line, which is the resistance line of the channel too. But recently price rebounded from this line and started to decline. Just now, I expect that the Euro will make a small move up to the trend line and then continue to decline. For this reason, I set my goal at 1.0800 points, which is located near the support line of the downward channel. If you like my analytics you may support me with your like/comment ❤️
Euro can reach resistance level and then continue to declineHello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price reached a resistance level, which coincided with the seller zone and even broke it, after which continues to grow. In a short time later it turned around and started to decline inside the downward channel, where the Euro soon broke the 1.0870 level again and fell to the 1.0725 support level, which coincided with the channel's support line with the buyer zone. Then price rebounded up to the seller zone, thereby exiting from the downward channel, but soon it turned around and made a downward impulse lower the support level, breaking it. After this movement, the price started to grow inside the upward channel, where soon price broke the support level again and continued to move up. Soon, EUR reached the resistance line of the channel and rose to the seller zone, exiting from the channel, but a not long time ago price turned around and declined to a lower 1.0870 level, breaking it one more time. In my opinion, the Euro can make the upward move to the resistance level and then rebound down. For this case, I set my target at 1.0760 points, which almost coincides with the support level. Please share this idea with your friends and click Boost 🚀
EURCAD Short-term buy signal.The EURCAD pair has been trading within a Channel Down for the past 15 months and right now is on a Bullish Leg towards its top. The 1D RSI is approaching the overbought barrier of 70.00 and we believe it will give a sell signal after it breaks above, just like November 21 2023 and July 14 2023.
Until then, we will stay bullish, targeting the top of the 15-month Channel Down at 1.49750.
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EURUSD: Important Key Levels For Next Week 🇪🇺🇺🇸
Here is my latest structure analysis and important key levels
to watch and trade on EURUSD next week.
Consider these structures for pullback/breakout trading.
❤️Please, support my work with like, thank you!❤️
EURO - Price can exit from channel and continue rise to $1.0910Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Recently price started to grow near support line and reached $1.0860 level, which coincided with resistance area.
Then EUR made downward impulse, breaking support line and support level, which coincided with support area too.
But then, price started to grow inside rising channel, where it broke $1.0655 level, and then continued to grow.
A short time later, EUR rose to resistance line of channel and exited, after which rose to resistance area.
After this, price turned around and soon declined lower $1.0860 level, breaking it again inside falling channel.
In my mind, Euro can decline a little, after which bounces up to $1.0910, exiting from channel and breaking resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
EURUSD, growth after falling. Bears target 1.0790Hi friends. Lets look at EURUSD market. We see a big bullish accumulation "1" and trend break after. But there is no accumulation on downward now. Its just a kind of distribution process "2". And after price touch 1.0790 (support level) growth will continue to 1.0879 after that. Follow me.
TRADE SIGNAL: EURJPY LONG 21 May 2024Factoring in some learning from my previous 2 trade signals, i have strong conviction that EJ might pullback to immediate past resistance(now support) to gather some liquidity before pushing up. Hence i'd recommend long positions for the pair. See details below
Position Parameters;
Entry BUY @ 169.500 - 169.223
Flex SL 169.060
Final TP 170.496
Note: i'd share updated confluences from next post.
Warning:
1. trading derivative could result to loss of your capital, kindly apply caution and use only the money you can afford to lose.
2. Previous performance is not a guarantee that my signals will profit you. Accept and implement this idea at your own risk.
3. You are advised to apply proper risk management while trading derivatives...!!!
BR,
Kings
Learn how to trade. See my signature below or visit my profile for more details
Euro H4 | Overlap resistance at 61.8% Fibonacci RetracementThe Euro (EUR/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 1.0854 which is an overlap resistance that lies underneath the 61.8% Fibonacci retracement level.
Stop loss is at 1.0905 which is a level that sits above a swing-high resistance.
Take profit is at 1.0798 which is a pullback support that lies above the 38.2% Fibonacci retracement level.
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Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
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EURUSD Channel Down looking for a Lower Low.The EURUSD pair gave us last week (May 17, see chart below), the ideal Lower High sell entry, as the price got rejected exactly where we wanted it to at the top of the 5-month Channel Down:
We now view this price action from the 1D time-frame where the 1D MACD is about to form a Bearish Cross. Every time in the past 6 months this was formed above the 0.00 level, it was a confirmation that the pair would go after at least a -2.35% decline.
This is perfectly aligned with Target 2 (1.06550) on Support 2. Target 1 (1.07300) is just above Support 1, both of which are estimated in accordance to the March Bearish Leg, which also hit its Support 1 and 2 before a rebound.
It has to be noted also that while Target 2 represents a -2.35% decline, it would also make contact with the 1W MA100 (red trend-line), which is practically our long-term Support, having held and caused rebounds both on the April 16 2024 Low and before that on the November 10 2023 Low.
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HelenP. I Euro will make small move up and then start to fallHi folks today I'm prepared for you Euro analytics. A few moments ago price broke the support level, which coincided with the support area and fell to the trend line. After this movement, it turned around and started to trades inside the upward pennant, which soon rose to the 1.0760 level. Also then, EUR broke this level, made a retest, and then continued to move up to support 1, which coincided with the resistance zone. When the price reached this level, it broke and rose higher even the resistance zone to the resistance line of the pennant. After this move, EURUSD made a correction a little below support 1, after which in a short time rose back to the resistance line of the pennant, but soon turned around and started to decline. In a short time, it fell to the trend line, which is the support line of the pennant, breaking the 1.0850 level. But recently Euro rebounded up and broke this level again and now it continues to trade inside the resistance zone in an upward pennant. For my mind, EURUSD will rise to the resistance line of pennant and then start to decline to the trend line, breaking the support level. So, for this case, I set my goal at 1.0830 points, which is located a little below the trend line. If you like my analytics you may support me with your like/comment ❤️
EURO - Price can break resistance level and continue to riseHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
A few moments ago price traded inside wedge, where it first fell to support line, but then made upward impulse.
Then Euro turned around and made downward impulse, exiting from wedge and soon breaking $1.0655 level.
After this, price some time traded in support area and then started to grow inside rising channel.
Soon, Euro broke $1.0655 level, made retest, and then in a short time rose until to $1.0870 resistance level.
Recently price exited from channel and also tried to break resistance level, but failed, and now trades close.
In my mind, EURUSD can break this level, make retest in resistance area, and continue to grow to $1.0960
If this post is useful to you, you can support me with like/boost and advice in comments❤️
EURJPY: Bullish Run May Continue 🇪🇺🇯🇵
A recent bullish violation of a key daily resistance on EURJPY
makes me think that it has a nice potential to go up again.
The broken structure now turned into support.
The price may reach 171.0 level soon.
❤️Please, support my work with like, thank you!❤️
EURUSD - 15m Sell Setup for ScalpersIn the 4-hour and daily time frames, EURUSD shows potential for further decline and correction.
On the 15-minute time frame, it presents a prime opportunity for scalpers to capitalize on selling.
The chart illustrates a bearish trend with a potential downward movement highlighted, suggesting a strategic entry point for short-term traders.
Euro can rebound up to 1.0900 points, exiting from pennantHello traders, I want share with you my opinion about Euro. By observing the chart, we can see that some time ago price rebounded from the support level, which coincided with the buyer zone and declined to 1.0650 points. After this, the EUR turned around and started to trades inside an upward pennant, where it in a short time rebounded from the support line and rose to the 1.0725 level. Soon, the price broke this level and started to trades inside the range, where it at some time rose to the top part of the consolidation, but soon turned around and declined to support line of pennant. After this movement, the EUR made an impulse up to the current support level, which coincided with the support area, thereby exiting from the range. Also soon, the price broke this level and later reached the resistance line of the pennant, after which turned around and started to decline near this line to 1.0835 level. Now, it continues to trade near this level, so, in my opinion, the Euro can little decline and then rebound up, exiting from the pennant pattern. For this reason, I set my target at 1.0900 points. Please share this idea with your friends and click Boost 🚀
EURCHF Sell signal at the top of Channel Down.The EURCHF pair has been trading within a long-term Channel Down since the September 26 2022 Low. Today it hit the 1.5 Fibonacci extension level which on January 13 2023 formed the last Lower High at the top of the Channel Down.
As a result, this is the first long-term sell signal that has emerged since that date. We want to keep a safer, short-term perspective though and will only short towards the bottom of the current Channel Up (which is the Bullish Leg of the long-term Channel Down) and target 0.977500.
If then EURCHF closes a 1W candle below the Channel Up, we will re-sell and target Support 1 at 0.95700, similar to the March 13 2023 Low.
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