Euro/Usd : Likely to continue in the same 100 pip range Speculative sentiment index is around 25% hence our advise is to find only long scalp entries in smaller time frames . Price likely to continue in the 100 pip range (1.2130-1.2250) with a minor support around 1.2100 ( EMA 50 area) . Breaking 1.2250-70 range top will push the price towards the major resistance around 1.2370.
Trend : Range
Signal : Long Scalp in 1.2130-1.2250 range
Eurousd
EUR/USD:UPTREND+BULLISH CHANNEL AND FLAG PATTERN | LONG SETUP 🔔The EUR/USD came under a strong bearish pressure during Thursday's American session and touched the low from May 17 at 1.2130.
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Euro/Usd : 100 pip daily range likely to continue Stop hunt spikes near 1.2250-1.2310 handle is possible since the speculative sentiment index is around 20% and price is consolidating in a 100 pip rage. Upside breakout is unlikely with lack of catalysts- data numbers and holiday. An eventual test to 1.1975-1.2050 area in possible before any further gain.
Trend : Range
Signal : Short Scalp 1.2250-1.2310
Stop Loss : 1.2360
Target : 1.2150-1.2050
EUR/USD:UNSTOPPABLE EURO-BUY LIMIT REVERSAL ABCD PATTERN SETUP🔔UNSTOPPABLE EURO GROWING FAST ! ! ! ! BUY LIMIT SETUP ON ABCD PATTERN
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bullish bias on EUPrice is in a bullish daily channel .also it is above EMA 200 so it is bullish .In daily time frame we can see that 1.2000 support the price and push it up.
So i have a bullish bias on EURUSD first tp can be 1.2250 the next one is 1.2350 and if price breaks this level then can reach to 1.25000.
pay attention to news of this week .
what big fund,bank managers , pro trader see they draw on daily chart fibo raytrace on down leg to find eurusd targets
100% be sure their target is fibo 161% near 1.4000
after calculate dollar index DXY (going to 88) and us 10 year yeald (going to 2.1) , bet eurusd will see 1.3666 soon
we strongly advice stand on buy side,looking for buy in deep and hold min 10-15 day (put buystop on 1hour chart last high)
for next days advice= looking for buy on dax index , gold ,silver ,eurusd , looking sell on nazdaq index
euro future ,open order of big company,big bank (broker like deoutch bank,citi,rbs) they have 400.000 lot buy and increasing prnt.sc
SECRET =forex cfd charts comes from futures market ,big brokers recive gold fut GC tick data and hedge our order with that data , put extra NET of our buy,sell in futures market
for example when i buy 3 lot gold , my broker upper hand liquid provider is CITI BANK , if they recive 3 lot sell from other broker , hedge my order and put 2 lot buy in gold futures GC fut ,for this check futures market chart,data,COT is important
DXY - To early to predict?The Dollar index is very complicated to understand and predict when you analyses the individual factors that play into the various parts and therefore the index as a whole.
The consensus if for the Dollar to weaken and there's great arguments to support this widely held theory.
58% of the Dollar index consists of the Euro. It's therefore important to try to understand the Euro and Eurozone macro economics. The Eurozone appears to be deflationary, at least against that of the US. US inflation is bound to spike at some point, leaving the inflation differential between the US and the Eurozone at a meaningful figure. According to Alpine Macro, a deflationary environment doesn't lead to a weakening of the respective currency despite a poor economic back drop. A deflationary environment leads to an appreciation in the currency which is deflationary against its inflationary trading partners. Could this all lead to a weakening of the dollar index.
But what about the contrarian view? I'm trying to wrap my head around the factors which could lead to a strengthening in the dollar.
Trading signals
The trading signals suggest that the dollar should weaken or retrace, perhaps towards the 97 mark on the weakly chart which has been indexed to 100. Thereafter, perhaps a strengthening trend could follow? The inverse relationship between the dollar and the Euro is clearly evident in the chart. If this trend were to follow through, the dollar index could reach levels around the 95 - 97 mark.
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Euro Head & Shoulders Almost at Target!Hey Traders in my last lesson I had mentioned a few weeks ago that the Euro could be forming a market top. Well as we can see I called the forecast correct which is a great feeling when it happens. It is also frustrating when it does not happen. But it seems the Dollar keeps getting stronger and I believe soon the Euro may reach it's profit target. I would continue to short any currency pair against the dollar right now. So keep shorting EUR/USD, AUD/USD, GBP/USD etc....
So lets dive in today and see how it all works.
Trade Well,
Clifford