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EUR/USD !!!critical levels to watch!!!Hello everyone, The pair is trading around a very critical support levels: 1- On the daily chart (left picture): on the verge of breaking the 50 SMA for the first time since May. 2- Tested the uptrend line from below which is a typical bearish behavior upon breakout. 3- On the 4H chart (right picture): Broke below 200 and 240 SMA for the first time since May. 4- Getting close to breaking the uptrend support line that's been holding since August. Watch out for the above levels, do not trade before a confirmation of breakout and be aware of false breakouts. Good luck, have a nice trading week.
by RamziAbouAbdallah-CMT
EUR/USD Uptrend support line intactHello traders, EUR/USD is trading above an uptrend support line that has been accompanying the pair since mid May, making higher highs and higher lows. It is also worth mentioning that the pair is trading above all its main moving averages. The up trend is supported by slightly hawkish Lagarde's speech last week and dovish FOMC, and that is making the fundamentals between the two currencies narrower than before. Long positions are safe as long as the pair is trading above the medium term up trend support today at 1.1760, and the critical support at 1.1690. Next resistance level/bulls target is at 1.1965 followed by 1.2010. Good luck
Long
by RamziAbouAbdallah-CMT
2
TESLA IS LOSING VALUE CAUSE OF PORSCHE?After a strong bull behavior in the first half of 2020, now is starting to get bear as we can see the MACD indicator changing the price with a non-stable William’s Alligator index due to the necessity of a readjustment in the price. As Tesla has become the most valuable automotive Industry, recently Porsche have announced that they will make only Electrical Cars, making the German house a very strong competitor in the Europe field mainly, due to that the price as the exclusivity have fall. Not a financial advice. Entry zone: 369.15 Stop lose: 388.67 Target zone: 330.74
NASDAQ:TSLAShort
by vf_investment
Euro priming up for 1.25?We’ve recently talked about the potential demise of the U.S. Dollar. What currency is poised to benefit the most from the devaluation of the dollar? Euro is the first thing that comes to mind. Shortly after the safe-haven trade that pushed the dollar up against major currencies, the Euro started to rally over the U.S. dollar. After strongly piercing through 1.10, a relatively strong downtrend alongside piercing and 1.15 with relative strength, It is eyeing up a similar push up on these factors. Technical trends point to a move higher in the Euro Pointed above, we can see that the push past 1.10 – 1.11 broke a 2-year downtrend for the Euro. Furthermore, we can see a similar pattern where the Euro against the US Dollar consolidates for about two weeks before making a push upwards, usually on the back of positive data coming from Europe alongside harmful data coming from the United States. It shows that bulls are most likely just looking for any excuse to push the pair higher. Euro wants to take the throne as the world’s reserve currency This is quite unlikely ever to happen, as many commodities such as Gold and Oil are settled using the U.S. dollar. Nevertheless, the current headwinds pushing the U.S. Dollar downwards have been giving the world’s second reserve currency a time to shine. Europe has relatively outperformed the United States regarding the Coronavirus, benefiting the Euro The United States has consistently been posting 200,000+ new daily recorded Coronavirus cases, with the government doing little to nothing to prevent the further spread of the Coronavirus. Meanwhile, Europe has attempted to restrict the virus’s spread by imposing mandatory lockdowns in many countries. However, their reopening may be too early as we can see a resurgence in many countries in Europe. However, there is still a stark difference in how the governments have come together to fight the virus, and this may prove to be a game-changer in the long term for the Euro. And obviously, U.S. dollar weakness The U.S. Dollar is suffering strong headwinds due to inflation concerns, quantitative easing, and general risk-off sentiment in the markets. This may also signal a show shift in European bonds and equities, with U.S. investors looking elsewhere for yield. Considering the U.S. dollar’s headwinds alongside recent strength in the Euro, it is likely we may see the Euro blow past 1.20 against the U.S. dollar on any positive news regarding Europe.
by BlackBull_Markets
EUR is overbought and has been struggling with major resistanceHello everyone, In this chart you can see the major EUR/USD longterm downtrend. And as we can now see the Euro has come up to a major inflection point. Currencies turn over a longer period so we should still see 45-60 days of chopiness between 1.18-1.20. And then I'd give a 70 % Probability of the Euro going down against the dollar. Though most recently the (the last few days) the dollar has weakened more although still within the parameters of this trade. A weekly close could give more info on where the Euro is going. For perspective check out the other ideas linked below. Thank you, Stay safe, stay liquid.
Short
by MedianLineAnalysis
Did The Unsustainable EUR/USD Growth Come To An End?EUR/USD has made an incredible run over the last two months. It is extremely rare to see such an increase in the forex markets. However, all things must come to an end. Trading forex, the trend has always been much more important than any other market. And here we can observe resistance to our uptrend. There is a confluence of three important things that I will be discussing here: 1. Horizontal Resistance We can see a resistance block that has created a lot of friction for EUR/USD. So far there were multiple attempts around the 1.19 zone, but none of them successfully made it through 2. H&S There is a head and shoulders pattern forming, which is another bearish sign. We are currently moving towards the right shoulder, which means that we might see a temporary increase but ultimately we expect a drop. 3. Trend Reversal If you zoom out we can see the big orange line which shows that the trend has been going upwards consistently but now is making a turn downwards. Also the RSI shows a similar pattern (I took a larger RSI length of 30 to show that) where it now goes into a negative momentum of <50 RSI. All of these combined give me confidence that the price will drop, and caused me to give the 'short' recommendation. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
Short
by Trading-Guru
6
EUR/USD Uptrend over ?The pair faced some fresh strong bearish pressure as we go through the end of the week. The move is probably fueled by weak Eurozone PMIs today, which raised investors fears of a slow recovery in the continent that might push the ECB to proceed with additional stimulus. Also, rising Covid-19 cases in some European countries is shifting the risk for the pair to the downside. Looking at the chart, the market already broke below the 20-SMA which provided some support in the recent past, and is trading below an uptrend line on the 4H chart. The bullish bias remains valid as long as the pair is trading above a Daily uptrend shown on the chart above, today at 1.16. Good luck
Short
by RamziAbouAbdallah-CMT
3
DAX INDEXBuenas Noches a todos espero que se encuentren bien, me alegra volverles a saludar, no he publicado nada este último mes porque he estado de vacaciones. Hoy tenemos al DAX para analizar tenemos muchos gaps, mucha volatilidad, CONFORME A PERIODOS DE DAY TRADING OJO A LA RESISTENCIA YH SPORTE DE COLOR AMARILLO Y VERDE. flechas azules indican posibles movimientos en esta semana.Para medio y largo plazo miren los soportes y resistencias en Rosa. SAQUEN SUS PROPIAS CONCLUSIONES ESPERO HABERLES AYUDADO, SI TE HA SERVIDO DE ALGO DALE A LIKE Y COMPÁRTELO. OS INFORMO DE QUE ME PODEIS SEGUIR EN INSTAGAM FACEBOOOK TWIITER.. NOMBRE: wallstreetstocks AHI NO OS PERDEREIS NADA. Un cordial saludo, cuídense L. E. D. En España a 29/07/2020 Good evening everyone I hope you are well, I am happy to greet you again, I have not published anything this last month because I have been on vacation. Today we have the DAX to analyze we have a lot of gaps, a lot of volatility, ACCORDING TO PERIODS OF DAY TRADING EYE TO THE RESISTANCE YH SPORTE OF YELLOW AND GREEN COLOR. Blue arrows indicate possible movements in this week. For medium and long term look at the supports and resistances in Pink. DRAW YOUR OWN CONCLUSIONS I HOPE TO HAVE HELPED YOU, IF IT'S HELPED YOU WITH SOMETHING, GIVE IT TO LIKE AND SHARE IT. I INFORM YOU THAT YOU CAN FOLLOW ME IN INSTAGAM FACEBOOOK TWIITER .. NAME: wallstreetstocks THERE YOU WILL NOT MISS ANYTHING. Kind regards, take care L. E. D. In Spain on 07/29/2020
XETR:DAX
by wallstreetstocks
DAX - Will we see a further decline?Technical aspects: Bears in control: Bearish flag formation once confirmed if it breaks below support area of 12800 area the bears are in control measure the bear flag which goes well with our descending channel 12680-12560 areas are key support areas! Bulls in control: breaks about that key trend-line down going towards reaching the next trend-line area is the next resistance zone 13060 above bulls are in control the next resistance are will be 13200 areas. Keep in mind key trend-lines, channel and the certain patterns forming. We could even add any additional indicators you may use such as RSI, MACD, Fibs etc. Do what your plan says to do. Keep disciplined. Remember: Just a trade idea, not a recommendation
D
by Trade_Journal
EUR BUND - What's next?BUND I like to compare the currency euro with its bond market the bund. Why? Simply looking at the macroeconomic front of countries as we had strong PMI's this friday come out from European countries, bunds is focused to Germany which you could of took scalp or swing trade towards the positive outcome. Whilst looking at the fundamental aspects i'd reflect that towards euro currency pair performance with bunds and as well as that start of the week, we had positive aspect of EU recovery fund deal go through. Whilst comparing this, try this with dollar index currency. I find Bonds are more of long term invest in my opinion - My portfolio view overall: Don't put yourself in one instrument, explore wide variety to build a stronger portfolio. Just a trade idea, not a recommendation.
FX:BUND
by Trade_Journal