EURUSD Bullish case?EURUSD seems to hit and bounce from a major trendline which seems like its either a bullish case where the bearish movement is about to reverse but at the same time it might as well be a dead cat bounce. What do you all think?
EURUSD-2
Confirmation neededWe've been in a bearish trend until the price recently broke through a key daily liquidity level and reversed the weekly demand zone. Price pulled back to the 30-minute demand zone and bounced upwards. The 1.07970 fair value gap was invalidated, indicating a shift in market sentiment. Minor sweep and retracement to the 1.08060 swing high. Buy from the current demand zone due to imbalance and expected liquidity sweep. Targeting a 1:4 risk-reward ratio (20 pips risk for 80 pips gain). Initial stop loss below the current demand zone. Plan to move stop loss to 1.08100 for a risk-free trade once in profit…
EURUSD Bearish momentumEURUSD has bounced off the resistance level and has been in a bearish trend since the start of October, marking three consecutive bearish weeks. It's likely that the price will pull back toward the resistance zone before resuming its downward movement. If the price pulls back against the main trend, this could result in a classic correction, followed by trend continuation. The market may form a complex pullback toward the resistance area near 1.0900 and the downward trendline, after which we could see a sell-off as the bearish momentum continues. The target is the support level around 1.07920
EURUSD - rebound set upthis very hard deep short phase of eur create some value holes
I think an (not easy) up phase to cover the lack until 0,6 fibo
EURUSD: Market Is Looking Down! Sell!
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 1.07915
Wish you good luck in trading to you all!
EURUSD Reversal in Sight: Is a Bounce to 1.095 Next Or 1.05?In my last EURUSD trade post from August, we anticipated a strong sell-off from the 1.12 level (see related post). Price action has unfolded just as expected, with a sharp decline in recent weeks.
So, what’s next? Looking at the charts, a short-term correction toward 1.09500 could be on the horizon. Let’s break down the charts.
Starting with the Monthly charts, we can clearly see that EURUSD has been range-bound for nearly two years, fluctuating between 1.12 and 1.055.
Zooming into the weekly charts, the recent sell-off has driven the price deep into this range, reaching two key support levels: diagonal support and the August low, both highlighted in the image below.
However, we can’t start buying at these levels just yet. The next step is to zoom into the daily charts to check for any signs of momentum shifting.
On the daily charts, the downward move is clearly overextended, and the market is extremely oversold—my first clue that a potential buying opportunity may be approaching.
To confirm this analysis, I’ve zoomed into the 4-hour chart, and here I’m seeing divergence on the MACD, suggesting that sellers may be running out of steam.
My strategy for this setup is to wait for a break of the 4-hour trendline, then watch for the next correction downward. Once that happens, I’ll use my TRFX indicator and enter on the first 4-hour signal.
The target for this trade will be the 1.095 resistance level, as I expect buyers to re-enter here, potentially pushing the market back down to the bottom of the range.
Let me know your thoughts below!
Euro can reach resistance zone and then continue to fallHello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price some days ago tried to grow, but failed, turned around, and started to decline inside the downward channel. Inside the channel, the price firstly declined to the seller zone, after which tried to grow to the resistance line of the channel, and when it reached this line, the price continued to fall. Soon, EUR broke the 1.0910 level, made a retest, and later continued to fall. Some time later, the price fell to 1.0815 current resistance level, which coincided with the resistance area and at once bounced up, but soon turned around and continued to decline in the channel. Price fell to the resistance area, some time traded inside, and then broke the 1.0815 level. After this movement, the Euro dropped to the support line of the channel, but a few moments ago, it turned around and started to move up. At the moment, I think that the price can reach the resistance zone and then continue to decline inside the downward channel. For this reason, I set my TP at 1.0735 points. Please share this idea with your friends and click Boost 🚀
EUR/USD - Potential Sell Reentry H4 TFTechnical analysis based on Basic BBMA strategies( Bollinger Band and Moving Average). This is just a potential market projection where the market price can go. Trade wisely.
EURUSD Will Go Lower! Short!
Please, check our technical outlook for EURUSD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.079.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.071 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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EURUSD The Target Is DOWN! SELL!
My dear friends,
Please, find my technical outlook for EURUSD below:
The instrument tests an important psychological level 1.0800
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.0783
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
XAU/USD : The Next Target is $2743.7 , Why ? (READ THE CAPTION)By analyzing the gold chart in the 15-minute timeframe, we can see that the price is currently trading around the $2734 level. At the moment, the $2728 to $2730 range has become a key support zone for gold. Given that a liquidity pool has formed around the $2738.5 level and another one above $2740, I expect the price to move toward higher targets, maintaining the current support. Soon, we should see gold rise to the main target of $2743.7! Keep a close eye on how the price reacts to these levels.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
EUR/USD Technical Analysis: (READ DESCRIPTION)EUR/USD Technical Analysis: Bullish Outlook
Pivot Point: 1.0775
EUR/USD is currently showing signs of a potential upward move, with support firmly established at 1.0775. The technical indicators suggest a preference for long positions as the pair is poised for further gains.
Our Preference: Long Positions
Recommended Trade:
Long positions are favored above 1.0775, with targets set at:
First Target: 1.0805
Second Target: 1.0820
This indicates a potential rise of 12 to 27 pips as the bullish momentum strengthens.
Alternative Scenario: Downside Potential
If EUR/USD falls below 1.0775, consider looking for downside targets at:
First Target: 1.0760
Second Target: 1.0745
This would suggest a shift in momentum and potential downward correction.
Technical Indicators:
RSI (Relative Strength Index):
The RSI calls for a new upward leg, showing buying strength and bullish momentum.
MACD (Moving Average Convergence Divergence):
The MACD is positive, supporting the bullish configuration.
Moving Averages:
The price is trading above both its 20-period and 50-period moving averages, reinforcing the positive outlook.
Price Action and Trends:
Above 1.0775:
As long as the price remains above this pivot point, the upside trend is expected to prevail, potentially targeting 1.0805 and 1.0820.
Below 1.0775:
A break below this support level would invalidate the bullish scenario, opening up potential losses toward 1.0760 and 1.0745. This would indicate a shift in momentum, suggesting a corrective move in price action.
EUR/USD Holds Ground: Will US Jobless Claims Spark a Rebound?The EUR/USD pair is holding its ground early on Thursday, hovering near 1.0803 as I write this analysis. Despite the lingering risk-averse sentiment in the market, the US Dollar (USD) continues to gain traction, driven by Wednesday’s rise in US Treasury bond yields. The pair managed to stabilize after a four-day slide, but the Greenback’s strength remains evident amid growing demand for safe-haven assets.
US Economic Data in Focus
The US economic calendar is set to deliver critical data in the second half of the day, including the weekly Initial Jobless Claims and S&P Global PMI data. The market expects the number of new unemployment benefit applications to approach 250,000, a potential increase that could trigger a bearish reaction for the USD. If this data indicates a softening labor market, it could challenge the recent bullish momentum of the US Dollar, causing a shift in sentiment.
Given the anticipated economic releases, traders should be prepared for heightened volatility in the EUR/USD pair. Should the data meet or exceed the forecasted rise in jobless claims, it could weaken the USD, providing a potential boost for the Euro. However, the broader market remains cautious, suggesting that any positive move for the Euro could be short-lived.
Technical Outlook: A Drop Before a Rebound?
From a technical standpoint, we anticipate a potential pullback in the EUR/USD pair following the release of today’s data. The price could dip toward our set Buy Limit levels, presenting a buying opportunity before a possible recovery. Current market dynamics suggest that the pair could experience short-term selling pressure as traders react to the incoming data, followed by a rebound if the economic numbers align with expectations of a softer US labor market.
COT Report Insights
The latest Commitment of Traders (COT) report continues to show that retail traders are predominantly short on the EUR/USD, while institutional investors—often referred to as the "smart money"—have started to move in the opposite direction. This positioning shift indicates that major players might be preparing for a possible upward move in the pair, despite the prevailing risk-off sentiment.
Conclusion: Brace for Volatility
As we head into today’s US economic releases, expect high volatility in the EUR/USD. Traders should watch for potential bearish pressure on the USD if jobless claims rise as expected. However, the overall sentiment in the market remains cautious, with the potential for rapid shifts in direction depending on the data outcome.
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Stay alert, manage your risk carefully, and be prepared for both opportunities and challenges as the EUR/USD navigates today’s volatile trading session.
EURUSD sellAs we have seen previously EUR vs US dollar is in a bearish Trend as my anylisis goes from Daily to H4 which is all bearish we have a bearish trendline from Daily TF which is being followed continuesoly
EURUSD Multi Timeframe Analysis 24.10.202415m Swing Bearish , Internal Bullish
After sweeping daily low, we might see a bullish reaction
Ideally wait for 15m swing to shift bullish, or follow internal bullish order flow
V shape bullish reaction indicates that bullish 15m internal push might continue
Price between 15m demand and supply now. See which will lead
USOIL Ready for $75!WTI oil prices have climbed back to $71.60 per barrel, supported by geopolitical tensions in the Middle East, particularly due to the conflict between Israel and Hezbollah. The possibility of disruptions in oil supplies from the region fuels market uncertainty. However, the significant increase in US crude oil inventories, far exceeding expectations, is putting downward pressure on prices, indicating a potential oversupply. Additionally, the strengthening US dollar, which has reached its highest level since July, is reducing oil demand by making it more expensive for foreign buyers. These factors limit the potential for price increases, despite geopolitical concerns.
Euro H1 | Pullback resistance at 50% Fibonacci retracementThe Euro (EUR/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 1.0794 which is a pullback resistance that aligns close to the 50.0% Fibonacci retracement level.
Stop loss is at 1.0816 which is a level that sits above the 61.8% Fibonacci retracement level and an overlap resistance.
Take profit is at 1.0762 which is a swing-low support.
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Euro and Yen Weakness Stands OutWe continue to see broad-based demand for the US dollar, though it's clear that most of the dollar strength of late has been against the Euro and the Yen. A new report has been making headlines, discussing a growing group of ECB members who think the central bank has fallen behind the curve on monetary easing.
We've also been hearing plenty of dovish talk from a number of ECB officials. Meanwhile, in Japan, the Yen has been accelerating to the downside, partially due to this dollar demand and partially because of uncertainty heading into the weekend election in Japan.
Looking ahead, we have the Bank of Canada policy decision, ECB President Lagarde's speech, Eurozone consumer confidence readings, existing home sales, Fed speak, and the Fed Beige Book.
Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
SELL DXYWe are monitoring DXY for selling opportunity. We expect price to drop from this high of 104.400 to as low as 102.20 and even below 100 level within the next few days and weeks. Our stop is above 105 level. Use proper risk management.
EURUSD on the 1 year Support!EURUSD hit today the Rising Support trend line that is in effect for 1 full year.
The 1day RSI is vastly oversold, which was the case both on the April 16th 2024 and October 3rd 2023 contacts with the Rising Support.
The last bottom rebounded to the 0.618 Fib before pulling back again.
This is a standard low risk bullish signal. Buy and target 1.10250 (Fib 0.618).
Previous chart:
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EURUSD short ideaIf we break structure on the 5 minute char I would like to see retest and then drop into lower prices.
XAU/USD: Ready for a Pullback!The price of gold (XAU/USD) has recently retreated from an all-time high of around $2,560 and is currently trading slightly below $2,720, complicated by the strength of the US dollar and rising US Treasury yields. Technically, the $2,750 level has shown signs of rejection, making it a key resistance, while immediate support is located at $2,725, near the lower boundary of a two-week ascending channel. A convincing break below this support could trigger technical selling, pushing the price down toward $2,700 and subsequently to $2,680-2,675, where the 100-period simple moving average resides. Despite overbought conditions and pressure from the dollar, political uncertainty and the risk of escalating tensions in the Middle East continue to support demand for gold as a safe haven. That said, gold seems poised for a correction toward $2,675, and we will see in the coming days if it gives us a signal for a short entry. Good evening and happy trading to everyone.
