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Eurousd

EURO Has Completed Bullish Setup Against US Dollar On Long TermAfter successful BAT A very big bullish Shark pattern: Hi folks, hope you are doing good. In my previous article on September 2019 I predicted that soon the balance between Euro and US dollar in the Forex market will be changed. As euro had formed a complete bullish Shark pattern against the US dollar pair. Before this Shark pattern we can also examine that from December 2015 to Feb 2016 the euro completed bullish BAT patter and started is very big bullish rally from the potential reversal zone of this BAT. The rally started from Jan 2016 and ended on Feb 2018. This time the bullish rally can be stronger than the previous one because this Shark pattern is more bigger than the previous bullish BAT as it was started from December 2016 and completed in March 2019. And this month we can see that the price line of euro has taken bullish divergence and hit the sell zone that I defined as per Fibonacci sequence of bullish Shark pattern. But after hitting the sell zone the priceline again dropped down in the potential reversal zone. Why priceline moved down in PRZ level again? Now the question is that what was the reason that stopped the priceline to completely enter in the sell zone to start a bullish rally. To know this we need to switch to the week chart. And here we can see that the there are four simple moving averages working as resistance. The 25, 50, 100 and 200 simple moving averages and the priceline is not able to cross up or break out even a single of them and moved down. A formation of falling wedge: On the same weekly chart we can also observe that the price line is moving within a falling wedge since November 2017. We can see two more touches by the candlesticks at the resistance of the wedge and after these two recent touches the resistance of the falling wedge is more confirmed. Now at this time the candlesticks are hitting at the support of the Wedge. I have also so placed the volume profile on the complete price action moving within this wedge and as result we can see that the trader’s interest is very low below $1.10 and the point of control of the volume profile is at $1.14. This time the price line is moving in the area where the traders interest is very low therefore there are strong chances that the euro will take the bullish divergence from the support of falling wedge and move up at least up to the point of control of this volume profile. Oscillators and indicators: If we see some indicators and oscillators then we can see that relative strength index (RSI) has already visited the oversold zone therefore I am expecting that it will not enter in oversold zone again. The moving average convergence divergence (MACD) is strong bearish and the stochastic is in bear cross. Once we will have bull cross from stochastic and MACD will be turned weak bearish from strong bearish then we can expect that the priceline will make another attempt to break out the resistance of the wedge. And once the resistance of the wedge will be broken out then we can expect a very powerful bullish rally that can totally change the market balance between Euro and US dollar. Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own research before any investment.
Long
by moon333
1
EURUSD - predestined to fail?Is this the destiny of EURO? Just to let you know, I never trade Forex so my analysis may be totally wrong. Still the economic situation is interesting and we should keep an eye on the EU and it's EURO. The EU has uncertainties all over the place and the EUR looks more and more like a currency predestined to fail. Imagine what the consequences would be for whole Europe. And once again, looking back to the days when the EU was founded, Switzerland took tons of criticism but made the right decision to stay out of it. EUR was heavily rejected and the chart looks terrible. I expect this one to drop to 90 cents. Happy trading!
Short
by Thierry88
FUTURE BULLISH - EUR/USD -Head and shoulders pattern explanation Hello TRADERS : /Short time is a bearish /Long time is a bullish - ___ Theoretical information: -A head and shoulders pattern is a chart formation that resembles a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. -By probability the size on the head will be equal to the size of the green line, the same as the red line. -Is expected the price to reach the red horizontal line before it eventualy move up. -In the future we may have a bullish formation, let´s wait for that Follow me on Instagram : -@pgforextrading
Long
by Pedro-G
EUR/USD: Short Signal 23:43:01 (UTC) Mon Jan 6, 2020With this trade setup, we're looking to take advantage of market structure. A confluence adding an additional detail of confluence is the key institutional level of 1l12. The right should (15m was valid), and no we see a nice shooting star 15m pattern before getting choppy. At the moment 1.12 is holding as resistance. We will be looking for a retracement extension shown in the green shownside target which is the 1.27. 4-hr doji, hanging man, and bearish entities are reasons why I am confident in thus short sell to 1.1 Trade at break even. WIll continue to hil dthis trade short into the week. Trade posted in channel. 23:43:01 (UTC) Mon Jan 6, 2020 *This is not financial advice. Forex carries a high level of risk not suitable for all investors.*
Short
by TayFx
3
EUR/USD Short Setup 20:30:40 (UTC) Sun Jan 5, 2020With an entire year of liquidity ahead of us we can finally remain back to normal. However with the increase in unexpected geopolitical risk, we've seen metals, oil , and a general risk-off sentiment seen by the market. We can now trade with the expectation of normal liquidity as major smart money and institutions are back online.\Make sure stop loss are in place (double check) as the chances of trump tanking or shooting up the market is high. The threats for the wrong are nothing to be unaware of especially with capital that is related to safe havens.There was a quote Sharp so off that was seen at the exact level of resistance posted last week here on this page. We now have seen a 4-hr morning store, rejecting the back of this trend line. My bias is short, and my downside target is 1.1 Last friday we couldn't enter a trade because it continued to push, however the retracement has begun. I am now looking for short entries for the euro .I think we will push up to the price shown where I will enter short to 1.1 20:30:40 ( UTC ) Sun Jan 5, 2020 *This is not financial advice. I am not a licensed financial advisor. Seek a licensed financial advisor before making any investment decisions. I am not responsible for losses or gains that may or may not occur in the marketplace. Forex carries a high level of risk not suitable for all investors.* *This is not financial advice. Forex carries a high level of risk not suitable for all investors.*
Short
by TayFx
7
EUR/GBP 23:15:41 (UTC) Wed Jan 1, 2020Looking for the 3-rd push to the descending trendline. For this pair, it's actually surprising that it didn't make it to the trendline and actually decreased as a nice monthly doji has formed from 0.83000 enclosed just under 0.8500. We've been seeing pound strength as expected and as we've called out the last three days .I'm looking at taking this trade long when it hits the 61.8%. Entreis will depend on the way the the pattern plays out. The time frame is 4hours. 23:15:41 (UTC) Wed Jan 1, 2020
Long
by TayFx
1
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1125. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.1175. TP4: R2=1.12. Set the stoploss of these orders at breakout of S2=1.1115. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.1115. In this situation, there is an expectation to reach the target S3=1.105. Set the stoploss of reverse orders at breakout of S1=1.1125. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity
4