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Euroanalysis

Euro Currency Index (EXY) Analysis 10/03/2021there exist a very steep Bearish Divergence between the price and MACD and Its Histogram, which is the sign of trend reversal. the price has already broken the low bond of the ascending parallels Channel where it was rallying earlier. price has retested the Support line and it didn't stand after the second attempt and now turned to resistance, which is a very important sign of the trend change and index fall we can target the golden zone of the Fibonacci retracement of the impulsive wave in order to find the depth of the price correction and retracement.
TVC:EXYShort
by BitonGroup
4
EUR/USDGood Day Everyone! Made some analysis regarding EUR/USD. Color Legend: Purple - Monthly Blue - Weekly Red - Daily Green - 4 Hour White - 1 Hour To get "straight" to the point. First look on the daily is showing us a strong Up trend, confirmed by a cross of the 200 EMA. Now ideally we can wait for a re-test of that area, the Daily closing candle is a Inverted Hammer/Shooting star. Usually a sign of a trend reversal, I'd wait for a confirmation of the uptrend, although I'm confident in its continuation. Regarding the Daily, a retracement is possible, and expected, to confirm the trend. We closed the 4H with a doji/spinning top. Sign of an undecisive market. 4H showing clearer sign of a possible retrace towards 1,10640 The 1H is showing us an inclination to a continuation of the Bullish sentiment. We closed with a Inverted Hammer. It's a clear sign of a reversal, possible retrace. Expecting to retrace to 1,10640 as mentioned before, after finding support it is expected to continue in the upward move. On the 30min we can see 2 tweezer tops. Confirming the previous bullish sentiment and a trend continuation. Pivots are supporting the expected move towards 1,10640 - 1,10675 as there is a S1 Pivot Support on the hourly in those areas. Please DO leave a comment, if you see it differently or if you agree. Possibly if i missed something feel free to leave a comment! Every feedback is appreciated, after all we are learning something new every day! Disclaimer: This is not a tutorial! Neither a Signal, please take care of your accounts and manage your risk well when trading/investing! If you are a beginner or a pro doesn't matter, feel free to join our free trading group where we are putting together interesting, educating content for traders like you & me! Everything free of charge as I feel its my duty to slam a hammer on the fake gurus out there who charge ridiculous amounts of money for their courses and in the end it leaves you in the RED!
Long
by im_MrTony_
3
Will EURUSD pop or drop, long side looking a little better...We're at a crossroads on EURUSD, with recent pops on the pair one of 2 things can happen. A break out higher to 1.14 or a drop back down to the 1.105 level. We'll make the case for both below: 1. Bull Case: Currently, the daily candle is long and strong with no or very little wick, meaning the buyers are strong on the move. It broke above the previous resistance level at 1.118, we wanted to see a wick form there and a failure below for the bears. What we could see is a move into 1.1235 and a drop retrace to the broken double top and continue up to 1.14. over the past few months price has been in an uptrend without printing a new low, if market structure holds then we will see a new high. 2. Bear case, price fails and forms a strong wick before the day ends and closes below 1.1178 for potential sell entry. You have to watch this on an intraday chart a 4-hour chart to identify the rotations and the long wicks to confirm. Alternatively, price can move up to the next strong resistance at 1.1235 before failing.
by TRADEPROAcademy