Get started

Eurodollar

EURUSD BREAKS OUT TO NEW HIGHSThe daily chart seemed to have put in the low for the month of May. Additionally, yesterday's daily candle closed above the daily resistance level of 1.10500 -- as drawn on the chart below. Therefore, for this trade, I'm looking for a BUY after a retest of the broken resistance level for a potential 8:1 reward/risk ratio. A close below 1.10500 would invalidate this trade. Also, we are approaching a key level 1.11200 -- keep an eye on that. Good luck! ~ Happy Trading, Cheers! 💰
Long
by Kav1ka
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
by RamziAbouAbdallah-CMT
EUR/USDHello Guys! I always found complicated to track two economies for one use. But here is even more complicated due to the fact that Euro can be affected by 19 members. Now everyone knows that all Euro area member states suffer under strong inflation and that's a fact. (example: 1 baked local croissant went from 0.2 euro to 1.9 - my experience :) ) It all started even before the conflict between RU and UKR. But this point just increased the speed of what had to come in the near future. As a fact we have FED which is trying to reduce the speed of Inflation in the US, and we have the EU which is giving subventions for PV installation on your roofs. :)))) In any case, USD even if it's the second one in the pair EUR/USD he is the trendsetter. As I said in a previous post about NQ all this tragedy is just an artificial maneuver to wash some money. If you want to learn more about the market you must learn about the political parties that run the public administration. 1. Trump ran the Republicans Party 2. Biden running the Democrats Why am I saying this? (With All respect we do not consider Bush a Republican) Republicans are interested to grow the economy while Democrats have their own old fashion style. As a fact when Trump did what he did, he showed the best performance (in the 21st century) for the economy and Financial market he never went into conflicts, only Cashing out. And he did it in a very simple way. The dollar was cheap, friendly, and accessible to all types of investors in the world. Now unfortunately actual Administration made a mess or it was a script and they've been forced to increase Interest rates to slow down the inflation which made USD hella expensive. But no one can go against nature and Toyota cant cost like Bentley. I'm pretty sure that is one of the best long-term investments on the table right now and after this mess will be sorted for the next 10-15 years you won't see EUR/USD so low (of course if we will be alive) despite all the rumors we have now I consider they only barking and they will not bite. You can wait till the first interest rates cut, you can start to add it to your portfolio. And maybe you will thank me later...
Long
by TradingExpertGroup
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
Long
by RamziAbouAbdallah-CMT
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
TVC:DXYShort
by RamziAbouAbdallah-CMT
1.1056 Weekly Level Says " Not Today " 🔊 EURUSDLondon Session -- London Volume pushed us hard back up to the Highs. Sellers caught as the Tide went out. New York Session -- "Wait for me I want buys too" London Close -- " Let's Buy I dont want to Miss out" The "Breakout" was corrected shortly after as Buyers TP and Shorts Say " wait before we breakout we must come back down to earth" . If we go up we are going to next weekly level at 1.145 If we go down this will be a triple top on the Daily Timeframe as this daily cnadle comes to a close and leaves a wick rejection failing to close above yesterdays close as Shorts begin to get crowded as we prepare for a 1.095 retest once again. GDP will give us insight on where traders are setting up their positions to hold through Firdya's CPI data. Price is fooling around at the Highs of Structure. Shaking both sides.
Short
by ShrewdCatfx
Is there an Ocean Floor? 🌊 EurUsdWe have Seen 2 Colossal moves on EU in the last Day. Yesterday was tremendous buys to begin the week as Every Session saw a bullish push up to HTF Levels and Extreme prices around 1.105. For Breakout Traders we saw a Trap near Weekly Highs at Weekly Level 1.1056. Why would you place buys up there without a Daily candle close confirmation above 1.1045 Daily level IDK to be honest. Yet it was still brutal for buyers as price dropped back to more attractive prices. I was one of the buyers but I flipped my bias bearish as mentioned in Yesterday's publishing. I stated that " For better buys one of the previous 1Hr Zones at 1.1045 or 1.1027 or if we pull back harder.. maybe we'll consider more short term downside because it is quite early in the week " . So based off this I let go of my Ego and began taking sells and it went well. Moral of the story.. follow your trading plan and utitlize tight risk management. Taking a step away from the computer and going AFK can help with psychology enormously. The brain is able to do a reset and when you return, it's in a more optimal state. With that said More Analysis : Looking for a pullback to 1.098 4Hr Zone for Asian and continuation of momentum to the downside. Observing the potential Daily Candle bearish engulfing and hard push to upside early in the week on Mondya, I like more opportunities to the downside. Weekly target is looking like 1.086 which would be a break and retest on the Weekly timeframe. 1.086 being a weekly Level. For buys I would like to see support at 1.0953, maybe consolidate and move up from there.
Short
by ShrewdCatfx