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EURJPY H1 | Potential bullish bounceEUR/JPY is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 160.289 Why we like it: There is a pullback support level Stop Loss: 159.853 Why we like it: There is an overlap support that aligns close to the 50.0% Fibonacci retracement level Take Profit: 160.929 Why we like it: There is a pullback resistance that aligns close to the 100.0% Fibonacci projection level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by VantageMarkets
EURO - Price can bounce down from support area and continue fallHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some time ago price entered to falling channel, where it at once bounced from resistance area to support line. After this movement, EUR soon backed up to this area and some time traded in, after which price fell back. Next, Euro rose to resistance line, and then bounced down to support line of channel, finally breaking $1.0890 level. In a short time later, price exited from channel, broke $1.0780 level too, and fell to support line of pennant. Soon, price bounced from this line and rose to support area, where it continues to trades near $1.0780 level. Possibly, Euro can little decline, after which rise to support area and then price bounce down to $1.0715, exiting from pennant also. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
3
HelenP. I Euro will fall a little more, and then start to growHi folks today I'm prepared for you Euro analytics. Some time ago price rebounded down from the trend line and soon entered to consolidation, thereby breaking resistance 2, which coincided with the resistance zone. After this, EUR some time traded near this level, after which it rose to the trend line and then declined lower from this line. In a short time price declined until to one more resistance zone, but soon rebounded and made a fake breakout of the trend line and fell to the resistance zone again, which coincided with resistance 1. Later price tried to rise, but failed and continued to decline lower, until it fell to resistance 1, after which it made little impulse up, higher than the trend line, and then fell back to resistance 1 and soon broke this level. Also, the Euro exited from consolidation and continued to decline. For my mind, the price will decline to 1.0715 points, after which the Euro can turn around and start to move up to the resistance level, which coincides with the trend line. So, for this case, I set my target at the 1.0800 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
4
EURUSD 1st 1W MACD Bearish Cross in 6 months! Bearish.The EURUSD pair is declining on a rapid pace and this is a good time to update our sell perspective that we shared with you 3 weeks ago (see chart below): This time we transition onto the 1W time-frame in order to gain a more efficient long-term understanding of the trend. The biggest development has been the completion of a 1W MACD Bearish Cross on last week's closing. This is the 1st such formation in 6 months (since the week of August 07 2023) and every time it happened in the past 12 months, the downtrend was extended for at least another 3 weeks. Technically we are on the new Bearish Leg of the 1-year Channel Down, below the 1W MA50 (blue trend-line), having started with a clear rejection on the 1W MA200 (orange trend-line). Practically, the 1W MA100 (green trend-line), has been the Support since the November 06 2023 candle, having closed all 1W candles above it. Basically since April 2023, it has acted as such on numerous occasions. As a result, our medium-term Target remains 1.06500 and then only a 1W candle close below the 1W MA100 would make us take a new sell and target 1.0500, which is the top of the 2-year Support Zone. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1
Euro can break support level and continue to decline in channelHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some days ago rose to the resistance line, which is located in the seller zone, which coincided with the resistance level and at once started to decline to the support line. After the price declined to this line, it broke the 1.0780 level, but soon Euro rebounded and in a short time rose higher than the 1.0780 level, which coincided with the buyer zone, breaking it one more time. Then the price rose to the resistance line again, but then the price turned around and entered to downward channel, where it soon broke the 1.1000 resistance level with the support line. Next, EUR fell to the support line of the channel, after which the price bounced up and rose to the resistance level. Then price continued to decline in the channel to the support level, and when it reached this level, the EUR rebounded at once to the resistance line of the channel, but a not long time ago price fell back, and at the moment, the price trades near 1.0780 level. In my mind, the Euro can rise a little, after which the price breaks the support level, and continues to decline in the channel. So, for this case, I set my target at the 1.0700 level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
1
EURUSD: Detailed Structure Analysis & Key Levels 🇪🇺🇺🇸 Here is my latest structure analysis for EURUSD. Horizontal Structures Support 1: 1.0724 - 1.0760 area Support 2: 1.0655 - 1.0670 area Resistance 1: 1.0895 - 1.0930 area Resistance 2: 1.0973 - 1.1000 area Resistance 3: 1.1106 - 1.1140 area Vertical Structures Vertical Support 1: Falling trend line Consider these structures for pullback/breakout trading next week. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
7
EURO - Price can bounce up from support area to resistance lineHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 When price entered to rising channel, it rose to $1.1010 resistance level, which coincided with resistance area. But then, Euro made downward impulse to support area, exiting from channel and starting to trades in wedge. In wedge, price made fake breakout of $1.0780 level and then in a short time rose to resistance line of support line. After this, Euro fell below $1.1010 resistance level, breaking it, and then continued to decline. Later Euro declined to support level, and at once bounced to resistance line, but recently it fell back. Now, I think that Euro can decline to support area, after which price turn around and start to move up to $1.0860 resistance line of wedge. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
EURUSD: The Bearish Channel Saga ContinuesAs we monitor the EURUSD pair, it's crucial to recognize that we are presently within a downtrend channel since the start of the month. The price is currently forming lower lows and lower highs. Looking ahead to the second week of February, if we observe a rejection around the 1.07500 level, there is a possibility of a structural change that could lead to an upward swing. However, at present, the price needs to be tested at the 1.07500 level, ideally within this week, to gauge whether it might rebound and approach December's high of 1.11500. The future of the downtrend remains uncertain, and only time will reveal its trajectory. In the short term, my position is still on the short side.
Short
by Districtfx
EUR/USD Displays Resilience Amidst Market FluctuationsIn a turn of events, the EUR/USD pair rebounded during the latter half of Thursday's European session, recuperating from its earlier dip to 1.0780, the lowest level since December 13. Closing on a positive note, the pair currently maintains its position above the 1.0880 area as the near-term outlook suggests a bullish trend. The intriguing dynamics in play are further heightened by the imminent release of key economic indicators, notably the Non-Farm Employment Change, Average Hourly Earnings (m/m), and the Unemployment Rate, set to unfold today. The strategic analysis points toward a potential pullback before definitively breaching the dynamic resistance of the range channel, setting the stage for a robust upward trajectory towards our target point. The US Dollar, however, found itself on shaky ground during Thursday's American session. This was attributed to declining US Treasury bond yields, spurred by lackluster employment-related data releases. Notably, Weekly Initial Jobless Claims rose to 224,000, marking the highest figure since early November. The ISM Manufacturing PMI survey further contributed to the Dollar's decline as the Employment Index dropped to 47.1 in January from 47.5 in December. As the market eagerly awaits the Nonfarm Payrolls (NFP) report, expectations are set at a forecasted rise of 180,000. During the post-meeting press conference on Wednesday, Federal Reserve Chairman Jerome Powell hinted at potential rate cuts sooner than anticipated if unexpected weakening in the labor market occurs. An NFP reading below 150,000 may reignite expectations for a rate cut in March, resulting in continued weakness for the USD against its counterparts. Conversely, a figure exceeding 200,000 could delay the policy pivot to May, potentially triggering a rebound for the USD in the American session. According to the CME FedWatch Tool, the probability of a 25 bps rate cut in March currently stands at 37.5%, while it reaches 60% for May, reflecting the market's anticipation of potential shifts in the Federal Reserve's monetary policy. Our Preference: Following the previous analysis, we have adjusted the stop loss to 1.07200. We anticipate a pullback to around 1.08500 or above, with the expectation of further upward movement.
Long
by FOREXN1
2
EURUSD,🟢Is it also bullish? (Read the caprion) Well as you can see, the market structure is bullish now and the price had a deep retracement move to the extreme bullish order block. In addition, we can see the price created the liquidity above the order block that makes the demand zone more valuable. As a bullish target, we can define the liquidity above the equal highs as a first target and also we can expect the price to break the previous high. 💡Wait for the update! 🗓️29/01/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
Long
by VahidTradingCR
1
EURNZD H1 | Potential bearish breakoutEUR/NZD could fall towards a pullback support and potentially break through this level to drop lower. Sell entry is at 1.76656 which is a potential breakout level. Stop loss is at 1.77160 which is a level that sits above a pullback resistance. Take profit is at 1.75985 which is a swing-low support that aligns close to the 61.8% Fibonacci projection level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. 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. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
EUR/USD:Analyzing Impact of FOMC Decision and Powell's RemarksEUR/USD: Analyzing the Impact of FOMC Decision and Powell's Remarks The EUR/USD experienced a notable reversal following the Federal Open Market Committee (FOMC) release, as Chairman Jerome Powell's remarks influenced market sentiment. This article delves into the aftermath of the FOMC decision, the Eurozone's recent inflation data, and the upcoming economic indicators influencing the EUR/USD outlook. FOMC Decision and Powell's Remarks: The FOMC opted to keep interest rates unchanged, aligning with widespread expectations. Powell's press conference introduced a cautious tone, emphasizing the need for "greater confidence" in inflation reaching the 2% target before considering rate cuts. While a March rate cut is not the base case, Powell's comments triggered increased demand for the US Dollar and impacted Wall Street. EUR/USD Technical Analysis: Despite the initial bearish impulse, the EUR/USD found support around the 1.08000 level. The subsequent bullish candle indicates an attempt to recover lost ground. A long-term bullish forecast is maintained on the H4 timeframe, emphasizing the potential resilience of the Euro against the US Dollar. Eurozone Inflation Data: The Eurozone's preliminary estimate of the January Harmonized Index of Consumer Prices (HICP) showed an annual rise of 2.8%, in line with expectations. The core annualized reading, although slightly easing to 3.3%, remained above the anticipated 3.2%. This data provides insights into the inflationary pressures within the Eurozone. US Economic Indicators: In the United States, the January Challenger Job Cuts revealed a significant increase, with employers announcing 82,307 cuts compared to December's 34,817. Later releases, including Initial Jobless Claims, Q4 Unit Labor Costs and Nonfarm Productivity, and the January ISM Manufacturing PMI, will be closely watched for their impact on the labor market and overall economic health. Upcoming Nonfarm Payrolls (NFP) Report: As employment-related figures take center stage, the market awaits Friday's NFP report. These indicators contribute to the broader understanding of the US labor market and could influence the trajectory of the EUR/USD pair. Conclusion: The EUR/USD's response to the FOMC decision and Powell's comments reflects the intricate dynamics between major central bank policies. With a focus on upcoming economic indicators, including the critical NFP report, traders will navigate evolving market conditions and potential shifts in the currency pair's trajectory.
Long
by FOREXN1
1
Raising EURUSD Profit Target to $1.114 due to a Bullish CypherDue to the apparent formation of a Bullish Cypher on the Daily, combined with the Bullish Push as confirmation on the RSI, and the strong push push in price action above the 200-day SMA, I will be raising my profit target for the EURUSD to the 100% retrace up at $1.114 as the 100% retrace would be the standard target for a Cypher and the TLT has outperformed which is usually a signal for psoitive price action in the EURUSD.
Long
by RizeSenpai
HelenP. I Euro can make fake breakout and then continue to fallHi folks today I'm prepared for you Euro analytics. Some time ago price rebounded from resistance 2, which coincided with the resistance zone, and rose until to 1.1135 points, after which the EUR turned around and started to decline. Soon, the price started to decline inside the downward channel, where it in a short time broke resistance 2 and declined to support line of the channel. Later price bounced from this line and rose back to resistance 2, and tried to break it, but failed and rebound down from the resistance level, which coincided with resistance and trend lines. Euro declined to resistance 1, which coincided with the support zone with the support line of the channel, after which it rebounded and rose to the trend line. But later price continued to fall and in a short time declined to the support zone, breaking resistance 1. At the moment, the EUR trying to break this level again, so I expect that the price, after the breakout of resistance 1, will rise a little and then continue to decline in the channel to support line, making a fake breakout. For this reason, I set up my target at the 1.0750 level, which coincided with the support line of the channel. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
1