GBP/USD : First Short, then LONG! (READ THE CAPTION)Analyzing the GBP/USD chart on the daily timeframe, we can observe that the price is experiencing a significant decline. I anticipate that this heavy drop will likely pause, at least temporarily, upon reaching the demand zone between 1.267 and 1.2735. This is a key area of interest, and I expect a potential return of 50 to 200 pips from this level. This analysis will be updated as necessary.
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EURUSD-2
EUR/USD : First Short, then LONG! (READ THE CAPTION)Analyzing the #EURUSD chart on the daily timeframe, we can see that the price is currently trading around the 1.06 level. Since the previous analysis, it has dropped over 500 pips. I anticipate that the price will soon react positively to the 1.052 to 1.058 zone, potentially leading to a recovery of 40 to 300 pips.Keep an eye on these marked levels!
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XAU/USD : CPI is coming, Bull or Bear ?Analyzing the #Gold chart on the 4-hour timeframe, we can see that after entering the highlighted demand zone, gold has delivered a return of over 270 pips so far and is currently trading around $2611.
It’s important to note that today we have the CPI data release, which could significantly impact gold prices. If the CPI figures come in higher than expected, we’re likely to see further declines in gold, and vice versa if the data comes in lower.
Key demand zones remain at $2586-$2593 and $2555-$2562, while important supply zones are $2610, $2619-$2626, and $2643. Additionally, the recent sharp declines in gold have created several liquidity gaps, marked in purple on the chart, which are expected to be filled in the medium term as the price recovers.
Stay cautious and keep an eye on these levels, as well as the CPI announcement, for potential trading opportunities!
The Last Analysis :
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EURUSD - 4hrs ( Buy Trade Target Range 250 PIP ) 🟢 Pair Name :EUR/USD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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🟢 Key Technical / Direction ( Long )
———————————
Bullish Reversal
1.06100
Reasons
- Major Turn level / D
- Visible range lvn
- Reversal Zone
- Inner Choch
- Quarter low Area
- Fibo Golden
- Counter Trend line
Bullish Reversal
1.08600 Area
Reasons
- Major Turn level
- Visible Range Hvn
- Fixed Range Hvn
- Pattern upper Band
- Choch Zone
EURO - Price can bounce down from triangle to $1.0640 pointsHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Recently price entered to rising channel, where some time grew near resistance line and then fell below.
After this, price in a short time rose to $1.0830 level, made correction, and then bounced up, breaking this level.
Next, price continued to grow in channel, and even made a gap, after which rose to $1.0935 points and turned around.
Price made downward impulse, breaking $1.0830 level and exiting from rising channel too, and started to trades in triangle.
In triangle, price fell to support area, after which bounced up to resistance line, but soon fell back.
Now, I expect that price can reach resistance line of triangle and then bounce down to $1.0640, breaking support level.
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eurnzd h2 long/short +200/+400 pips swing trade plan🔸Hello traders, let's review the 2hour chart for EURNZD today.
Rangebound trading condition recently, currently expecting a re-test
of the mirror S/R resistance overhead and then sellers will take over
from the resistance.
🔸Key levels for EURNZD traders: 7860 s/r bulls, 8050/60 s/r bears,
7659 mirror s/r bulls level will get re-tested by the bears for liquidity.
🔸Recommended strategy for EURNZD traders: the sequence
is long/short so you want to buy low off the s/r bulls at 7860 SL 40
TP +200 pips, this is the bounce play / re-test of the mirror s/r bears
at 8050 then flip short at/near 8050+-10 pips SL 50 pips TP1 +200
TP2 +400 pips final exit bears at mirror s/r at 7650. this is a swing
trade setup, patience required. good luck traders!
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gold 5 waves complete now abc correction in progress🔸Hello guys, today let's review 6hour price chart for gold. The 5 wave
bullish impulse is complete now we are entering ABC correction.
🔸Wave1 was 2335/2472, Wave2 2472/2372, Wave3 2371/2653,
Wave4 2653/2605, Wave5 2605/2770, now ABC correction, currently
A in progress 2770/2525.
🔸Recommended strategy for gold traders: higher risk bounce play
once A completes and transitions into B bounce, BUY/HOLD 2525
exit at 2678. Lower risk sell side setup: B completes near 2678
short sell into bounce exit at 2383 once C completes into liquidity
order block zone. good luck traders!
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
EURUSD, again 1.05000?It is very certain that if the current trend continues, EURUSD could revisit the 1.05000 support zone. In 2023, we managed to hold on to that level twice and return to the bullish side.
This year, the pair has strong resistance in the 1.12000 zone, and that level is a big obstacle for us, and the additional flow is the formation of a lower high and bearish consolidation after that.
EURUSD: Showing no signs of stopping before 1.04000.EURUSD is almost oversold on its 1D technical outlook (RSI = 32.891, MACD = -0.007, ADX = 29.222), which is a sign of a potential slowdown on the October sell-off but not of stopping. We believe that as the price is approaching the bottom LL of the Channel Down, it will slow down in an attempt to form sideways a bottom as during the weeks of September 25th - October 16th 2023. The ideal entry will be with the 1W RSI as close to being oversold (30.000) as possible and symmetric 1W MACD shows it can happen by December 9th. That means that we can continue shorting the pair, targeting the 1.1 Fibonacci extension (TP = 1.04000), which is where the bottom was priced on October 2nd 2023.
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EURO - Price can leave triangle and rise to $1.0765 levelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some time ago price fell to $1.1085 level and some time traded near, after which bounced and rose to $1.1210 points.
Then price started to decline in falling channel, where it broke $1.1085 level and fell to support line at once.
In channel, EUR declined until to $1.0765 level, which coincided with resistance area and some time traded near.
Later, price exited from channel, and entered to triangle, but firstly made a gap and then bounced down.
Price broke $1.0765 level and now it trades near resistance line of triangle, so, I think can make correction.
After this, Euro will bounce up to $1.0765 resistance level, exiting from a triangle.
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Hellena | EUR/USD (4H): Short to support area at 1.05183.Dear colleagues, I assume that the price will continue the downward movement and will soon reach the area of 1.05183.
This movement will be a wave “C” of the higher order.
The most important thing now is to understand where exactly the downward movement will end, because if you look at the daily timeframe, the price is still in a major upward movement, so after reaching the target, I will look for long positions.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
EURUSD: Trading Signal From Our Team
EURUSD
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy EURUSD
Entry - 1.0635
Stop - 1.0564
Take - 1.0773
Our Risk - 1%
Start protection of your profits from lower levels
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EURUSD The Target Is UP! BUY!
My dear followers,
I analysed this chart on EURUSD and concluded the following:
The market is trading on 1.0621 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.0722
Safe Stop Loss - 1.0566
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
———————————
WISH YOU ALL LUCK
EURUSD Will Grow! Buy!
Take a look at our analysis for EURUSD.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 1.061.
The above observations make me that the market will inevitably achieve 1.068 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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XAU/USD : More Fall Ahead ? (READ THE CAPTION)We can observe that after reaching $2699 again, gold faced selling pressure and has corrected down to $2659 so far. Considering that both the New York and Canadian markets are closed today, we are likely to see the next significant move tomorrow.
Considering the current price trajectory, we need to see how gold reacts if it declines further to the $2649 level. If this level does not hold as support, there is a high likelihood that gold will first hit the $2643 target and then continue dropping to $2630 and $2616.
THE MAIN IDEA :
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EURUSD - Futher Downside ExpectedEURUSD is heading towards lower level to complete it's Wave 3. EMA 50 is currently holding as a resistance and unless the news comes against Dollar, we should expect the above move to complete.
For entries, please wait for at least two candle reversals on 5/15M at the specified level and apply appropriate risk management.
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Disclaimer: This content is for educational purposes only and should not be considered financial advice.
Market Analysis: EUR/USD Dips FurtherMarket Analysis: EUR/USD Dips Further
EUR/USD extended losses and traded below the 1.0775 support.
Important Takeaways for EUR/USD Analysis Today
- The Euro struggled to clear the 1.0935 resistance and declined against the US Dollar.
- There is a key bearish trend line forming with resistance at 1.0680 on the hourly chart of EUR/USD at FXOpen.
EUR/USD Technical Analysis
On the hourly chart of EUR/USD at FXOpen, the pair failed to clear the 1.0935 resistance. The Euro started a fresh decline below the 1.0825 support against the US Dollar, as mentioned in the previous analysis.
The pair declined below the 1.0775 support and the 50-hour simple moving average. Finally, the pair tested the 1.0630 level. A low was formed at 1.0628 and the pair is now consolidating losses. The pair is showing bearish signs, and the upsides might remain capped.
Immediate resistance on the upside is near the 23.6% Fib retracement level of the downward move from the 1.0825 swing high to the 1.0628 low at 1.0680.
There is also a key bearish trend line forming with resistance at 1.0680 and the 50-hour simple moving average. The next major resistance is near the 1.0725 zone. The main resistance sits near the 76.4% Fib retracement level of the downward move from the 1.0825 swing high to the 1.0628 low at 1.0775.
An upside break above the 1.0775 level might send the pair toward the 1.0825 resistance. Any more gains might open the doors for a move toward the 1.0935 level.
On the downside, immediate support on the EUR/USD chart is seen near 1.0630. The next major support is near the 1.0600 level. A downside break below the 1.0600 support could send the pair toward the 1.0565 level.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
EURUSD M15 | Bullish Bounce off Based on the M15 chart analysis, we can see that the price is falling to our buy entry at 1.0606, which is an overlap support close to 61.8% Fibo retracement.
Our take profit will be at 1.0648, an overlap resistance.
The stop loss will be at 1.0592 below the swing low support level.
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Levels discussed during livestream 12th November12th November
DXY: Could consolidate/retrace slightly, but for continuation higher to 106.10, beyond that, could retest resistance of 106.45
NZDUSD: Sell 0.5950 SL 20 TP 40
AUDUSD: Sell 0.65 SL 25 TP 100
GBPUSD: Sell 1.2785 SL 30 TP 100
EURUSD: Sell 1.0590 SL 40 TP 140
USDJPY: Buy 154.90 SL 35 TP 110
USDCHF: Buy 0.8845 SL 30 TP 75
USDCAD: Buy 1.40 SL 40 TP 140
Gold: Breaking 2600, below 2585 could trade down to 2570 and 2550
EUR/USD LONG FROM SUPPORT
Hello, Friends!
Previous week’s red candle means that for us the EUR/USD pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 1.078.
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EUR/USD Outlook: Positive Start Amid Market Anticipation of CPI As I write this article, the EUR/USD pair is kicking off the London session on a positive note, currently trading at 1.0623. However, caution prevails as traders await the release of the US Consumer Price Index (CPI) data for October, scheduled for publication at 13:30 GMT.
The forthcoming CPI report is anticipated to reveal an uptick in annual headline inflation, expected to rise to 2.6% from September’s 2.4%. Meanwhile, the core CPI, which excludes the more volatile prices of food and energy, is projected to experience a steady increase of 3.3%.
This inflation data is set to sway market expectations regarding the Federal Reserve's (Fed) potential monetary policy actions in December. The market currently expects a 25 basis point cut in interest rates, bringing the target range down to 4.25%-4.50%, as indicated by the CME FedWatch tool. Nevertheless, the probability of this cut has decreased slightly, falling from 70% to 62% over the past week. Investors appear to be recalibrating their expectations, anticipating a more positive economic outlook for the US and heightened price pressures under the upcoming administration of President-elect Donald Trump.
From a technical perspective, the market has entered a weekly demand zone (link provided below), which might facilitate a price rebound. The Commitment of Traders (COT) report indicates that while retail investors remain bearish, institutional investors—referred to as 'smart money'—are adopting a bullish stance, albeit with a degree of caution. Our forecasts suggest a possible bullish trend extending into mid-January.
For now, we will await today’s news before considering any long positions.
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EURUSD : Continue to sell ?The EUR/USD pair is encountering a significant resistance zone around 1.0710, which could play a crucial role in its upcoming price movement. Recently, the pair has maintained a downward trend, with each attempt at a rebound facing strong selling pressure at critical levels. If sellers continue to dominate, the pair may see further declines, testing lower support zones.
On the technical side, the price trend remains bearish, consistently staying below key moving averages, which reinforces the potential for more downside. If the resistance level proves resilient, we might witness another dip toward recent lows, or possibly even a deeper correction.