My dear friends, Please, find my technical outlook for EURUSD below: The instrument tests an important psychological level 1.1026 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.1059 About Used Indicators: Super-trend indicator is...
Welcome to our daily EURUSD prediction! We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 1.10143 Wish you good luck in trading to you all!
By analyzing the GBP/USD chart on the 4-hour timeframe, we can see that the price has reached a demand zone and has also created a Fair Value Gap (FVG) near its current level, which I expect to be filled in the short term. After that, I anticipate further decline in GBP/USD. The potential targets for this drop are 1.31060, 1.30870, and 1.30330. Please support me...
By analyzing the EUR/USD chart on the 4-hour timeframe, we can see that after the drop last week to 1.10665, the price eventually closed at 1.10853. I expect that in the upcoming week, after a short initial rise, we will see further decline in EUR/USD. The potential targets for this drop are 1.10600, 1.10260, and 1.09960. Please support me with your likes and...
The Euro dropped 0.44% on Monday, continuing its downward trend after breaking the 1.1100 support level. Expectations of an ECB rate cut on September 12 have weighed on EUR/USD. As shown on the chart, the EMA 34 is confluent with resistance at 1.10761, so traders may consider selling when the price reaches this resistance area. Additionally, the break of support...
10th September DXY: Consolidate along 101.60, could push higher to test 102 round number resistance. NZDUSD: Sell 0.6125 SL 20 TP 40 AUDUSD: Sell 0.6645 SL 30 TP 60 GBPUSD: Buy 1.3140 SL 20 TP 60 EURUSD: Looking for a retest of 1.10 support level USDJPY: Buy 144.25 SL 30 TP 90 USDCHF: Buy 0.8510 SL 20 TP 50 USDCAD: Sell 1.3545 SL 20 TP 60 Gold: Break...
Following a recent inner descending channel on the EURUSD we have reached a key support zone where a potential pivot could create a lower high in the overall bull trend and surge the euro back up and out of the current inner channel. With the key resistance zone lying around 1.12000 I can see price pushing to this level before either correcting back in the range...
This a quick analysis and overview of the following pairs: EURUSD, USDJPY,GBPUSD and CADJPY. Most of the major pairs are waiting for the major economic news this week, so be careful take quick profits or loss and be consistent. Happy Trading.
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price traded between $1.1120 level, which coincided with resistance area and later made upward impulse. After this, EUR started to decline inside falling channel, where it fell lower $1.1120 level, breaking it. Next, price exited from channel and started...
Fundamental Overview: US Dollar Strength and Interest Rate Speculations: Gold’s price movement is currently influenced by the strength of the US Dollar, driven by shifting expectations regarding interest rate cuts from the Federal Reserve (Fed). Following the release of mixed US labor market data, investor bets on a 50 basis points (bps) rate cut in September...
Yesterday, EURUSD hit its initial support level. If you're holding short positions, consider closing your trade or at least partially reducing it. Going forward, it’s advisable to wait for the news to guide the next move. EURUSD may remain relatively quiet today, as it awaits tomorrow's economic events. Keep an eye on market reactions and look for potential...
The EUR/USD pair is showing a strong bearish bias, as shown by the 34 EMA crossing below the 89 EMA, a classic bearish sign. This suggests that the market could continue this trend as long as the selling pressure has not subsided, especially as the price continues to trade below both EMAs. On the Fibonacci Retracement chart, the current price zone of EUR/USD is...
Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 1.1085, which is an overlap resistance. Our take profit will be at 1.1036, a multi-swing low support level. The stop loss will be placed at 1.1135, which is a swing-high resistance level close to 61.6% Fibo retracement. High Risk Investment Warning Trading...
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at1.1135, which is a pullback resistance and 61.8% Fibonacci retracement. Our take profit will be at 1.1084, an overlap support level. The stop loss will be at 1.1174, a pullback resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high...
Based on the H1 chart analysis, we can see that the price has just bounced off our buy entry at 1.1027, which is a swing low support. Our take profit will be at 1.1066, which is a pullback resistance level. The stop loss will be placed at 1.0985, which is an overlap support level close to 127.2% Fibo extension High Risk Investment Warning Trading Forex/CFDs...
During yesterday's session, the euro reached the key weekly level that I mentioned earlier in the week at 1.11000 Today we will have quite a bit of volatility, as the non-farm payrolls data is released, and a better than expected data would take the euro to this week's lows. Guys, what do you think? Leave a comment with your thoughts.
EURUSD moved perfectly as per plan given; was bearish and that PZ to hold the highs as it trended down 50pips after rejection off 1.1090 strong level and move lower. 1.1023 is my target and we are almost there. DXY is also above the 101.54 target I gave yesterday. For today, IMO, will be a bit tricky. Price is at previous support, thus could see a bounce from...
Analysis: On the EUR/USD 1-hour time frame, we can observe bearish momentum. Price has been steadily declining, forming lower highs and lower lows, indicating that sellers are currently in control. We are approaching a potential support zone , which has acted as support in the past. If the price holds at this level, we could see a bounce or consolidation....