I'm looking for this scalp due to a few reasons, dxy has formed a gap which we will continue to fill in my opinion. Although this is only a short term short since we are witnessing a beginning of a structure shift
4th September DXY: Still in consolidation. Looking for downside, needs to break 101.50 (23.6%), could trade down to 101.15 NZDUSD: Sell 0.6165 SL 20 TP 60 AUDUSD: Buy 0.6750 SL 20 TP 70 GBPUSD: Buy 1.3160 SL 30 TP 60 EURUSD: Buy 1.1080 SL 25 TP 65 USDJPY: Sell 144.70 SL 40 TP 110 USDCHF: Sell 0.8450 SL 20 TP 40 USDCAD: Sell 1.3580 SL 30 TP 60 Gold:...
EUR/USD has reacted off the support level which is a pullback support that is slightly below the 38.2% Fibonacci retracement and could rise from this level to our take profit. Entry: 1.1023 Why we like it: There is a pullback support level that is slightly below the 38.2% Fibonacci retracement. Stop loss: 1.0955 Why we like it: There is a pullback support level...
Based on the H1 chart analysis, we can see that the price is currently at our sell entry at 1.1053, a pullback resistance Our take profit will be at 1.1007, a pullback support. The stop loss will be placed at 1.1084, which is an overlap resistance." High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be...
The EUR/USD pair has recently faced renewed downward pressure after reaching year-to-date (YTD) peaks beyond the 1.1200 level. This shift in momentum comes amid a resurgence in buying interest for the US Dollar (USD), which has dampened the pair's ability to sustain its upward trajectory. Several factors have contributed to the recent rebound in the US Dollar....
Hey Traders, in the coming week we are monitoring EURUSD for a selling opportunity around 1.10700 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.10700 support and resistance area. Trade safe, Joe.
EURUSD is moving near the Support zone($1.105-$1.103) and managed to break the Downtrend line . If we look at the EURUSD chart from the point of view of Classic Technical Analysis , we will notice two Cup and Handle Pattern and a Bullish Pennant Pattern . After breaking the neckline, I expect EURUSD to rise to at least the Resistance...
As we have said in our last opinion based on our basic anylisis we are bullish over EURUSD but as market got opened price used to move again into bearish move and is moving now in its bearish position also the confluence is 50 SMA as the price is under this 50 SMA and yet not crossed above also it has broke its support level also it has retested that broken support level..
We’re taking a short position on EUR/USD on the 30-minute timeframe, driven by the strength of the U.S. dollar. The recent price action indicates a continuation of the downtrend, providing an opportunity to capitalize on the bearish momentum. Key Levels: • Entry: Initiated after confirming the strong dollar trend and the break of key support levels on the...
My dear friends, My technical analysis for EURUSD is below: The market is trading on 1.066 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.1057 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend...
Hello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price rebounded down from the buyer zone and dropped, but soon turned around and started to grow inside the upward channel. In the channel, the price reached the support level, which coincided with the buyer zone and broke it, and then it continued o to move up....
By analyzing the #Gold chart on the 4-hour timeframe, we see that the price has returned to the supply zone of $2524 to $2529, and I expect further correction from this area. Note that the primary scenario is bearish, and if the price breaks above $2532, this scenario will be invalidated. If the decline starts from this zone, the potential targets are $2518,...
Please, check our technical outlook for EURUSD. Time Frame: 5h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 1.103. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.109 level. P.S We determine...
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 upside. So we are locally bullish biased and the target for the long trade is 1.10477 Wish you good luck in trading to you all!
The analysis of the EURUSD chart clearly shows us that the pair is finally about to go up due to the rising pressure from the buyers. ❤️ Please, support our work with like & comment! ❤️
3rd September DXY: Still in consolidation. Watch the resistance at 102 round number. Looking for downside, needs to break 101.50 (23.6%), could trade down to 101.15 NZDUSD: Sell 0.6205 SL 20 TP 60 AUDUSD: Retracing, could retest 0.68 resistance level GBPUSD: Buy 1.3170 SL 40 TP 90 EURUSD: Look for reaction at 1.10 round number support level USDJPY: Sell...
The US Dollar Index (DXY) is showing renewed strength, climbing above the 101.70 mark after a relatively flat Monday. This move extends the momentum from last week, where the DXY gained over 1%. As the market braces for key labor data later this week, all eyes are on the August jobs report, set to be released on Friday. This report is expected to reveal a solid...
In my previous analysis I was waiting for price action to give some more information. After breaking the bullish trendline, I am expecting price to move up to 1.11 to meat previous support + the 38.2% fib retracement. SL will go below the recent swing low on lower timeframe.