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.
It is good to finally see the USD strength we were calling for finally come into play. It may have a little further to run, which could see further downside on the weekly chart for EUR/USD. But first, we look at a potential long on the daily and 4-hour chart, taking the weekly analysis into account.
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.1108, which is a pullback resistance and a 50% Fibonacci retracement. Our take profit will be at 1.1007, a pullback support level. The stop loss will be at 1.1173, a pullback resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high...
The EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.1060, positioned close to the breakout...
Yesterday was a small range day and interestingly EURUSD moved higher, Could the lows be in? IMO, the up move yesterday when US market is closed, is not representative. I am seeing it more as a pullback in the strength of DXY, thus could see another down move IMO. Overall, my view remains the same; that is DXY could go up to 102.16/38 before a top and EURUSD...
The Fiber (EUR/ISD) is rising towards the pivot which acts as a pullback resistance and could reverse to the pullback support level. Pivot: 1.1109 1st Support: 1.1020 1st Resistance: 1.1195 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may...
✅EUR_USD has retested a key support level of 1.1040 And as the pair is already making a bullish rebound A move up to retest the supply level above at 1.1093 is likely LONG🚀 ✅Like and subscribe to never miss a new idea!✅
The EUR/USD pair experienced a modest recovery on Monday, with the price currently hovering around the 1.1068 mark as I write this article. This upward movement comes after the pair reversed within our designated Demand Area, highlighted by the red rectangle on our charts. However, this recovery is happening against the backdrop of limited market activity, as both...
EURUSD has been on a uprise for a while.. but it's time to SELL! Based on this powerful private trading indicator we are using, it is forecasting that the EURUSD will reverse and it is time to sell! We will be taking profit at next support level.
Short Setup on EUR/USD 💥 Checking out this juicy short setup on the EUR/USD 15m chart! 🎯 Short Entry: Below 1.1062 Stop Loss: Above 1.1073 Take Profit: Around 1.1052 Price is bouncing off the 200 SMA, and I’m looking for a drop to the previous support. Let’s see if the bears can take control! 🐻📉
EURUSD closed bullish on the monthly timeframe but faced resistance and pulled back from that zone. The price is now retracing toward the psychological level at 1.1000, which acts as a key support area. On the daily chart, the market remains in a bullish trend, suggesting that this pullback could offer a chance for a rebound. The market may bounce off a confluence...
The EURUSD pair confirmed with last week's closing the start of a new bearish sequence as it closed the 1W candle in deep red below even the 1W MA200 (orange trend-line). This established not only the previous High as the top (Higher Highs trend-line) of the 11-month Channel Up but also posted an identical long-term Top sequence as the July 17 2023 weekly...
EURUSD seems to be exactly in the middle of 2 interesting trading zones. Not interested in any trades currently. We saw a strong break through the bullish trendline last week and it has been dropping since. 1) Waiting price action to see if we get a strong rejection to enter short OR Waiting price action to see if it breaks through and then wait for a retest to...
EURUSD is currently in a downtrend. Looking to catch wave C = 5 waves similar to wave A. Expecting wave B to be completed at Friday highs. Watching the rejection of the 4H 50 EMA to confirm our idea. We are targeting 0.5 and 0.618 fib levels.
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 1.10481 Wish you good luck in trading to you all!
EURUSD on ascension mode but the trend not yet confirmed....Aggressive traders may look for the market execution opportunities whilst conservative traders may wait for a clean break conformation.
2nd September DXY: Within the bullish channel, (upside) could trade up to 102 resistance, needs to break 101.80. Downside only if price breaks below 101.50 (23.6%) NZDUSD: look for reaction at 0.6220, Sell 0.62 SL 25 TP 60 AUDUSD: Buy 0.6810 SL 20 TP 40 GBPUSD: Sell 1.31 SL 40 TP 65 EURUSD: Look for reaction at 1.10 round number support level USDJPY: Look...