Hi Traders! the euro dipped 0.2% against the dollar to $1.1050, It has fallen 1.3% this week, on track for its largest weekly loss since April. The euro, however, rose 2.1% in the month of August, for its best monthly showing since November 2023, with the European Central Bank still on track to lower interest rates again next month. The single currency fell to a...
As of the current price of 1.104, the EUR/USD pair continues to exhibit a long-term bearish trend dating back to 2008. The historical chart reveals a clear pattern of price fluctuations within a defined range, oscillating between established support and resistance levels. Currently, the price is approaching a significant resistance zone. This resistance level...
USDCHF is currently in a 5 wave impulse. Elliott wave theory suggests that if wave 2 is a simple correction, it is likely that wave 4 will be somewhat complex. From the looks of things, we are seeing an expanded correction for wave 4. We are expecting wave C to complete at the local highs where we got the 0.5 fibonacci. Trade Idea: - Watch for wave C completion...
My dear friends, Please, find my technical outlook for EURUSD below: The instrument tests an important psychological level 1.1045 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 - 1.1087 About Used Indicators: Super-trend indicator...
EURUSD Short Idea. Wait for a pullback to the supply area then short to 1.10 area. No pullback = No trade Consider going long at 1.10 zone.
EURUSD broke the key Horizontal level of 1.10989 Which is now a resistance And the breakout is confirmed So we will be expecting a Further move down !
Following our previous analysis of the EUR/USD pair, we observed that the price reacted strongly to our identified supply area, leading to a notable decline. Currently, the price is approaching our first take-profit target, and there is potential for further depreciation towards the 1.0900 level. This movement aligns with the positioning of retail traders, who...
Currently, EURGBP is in an uptrend, making new higher highs and higher lows as the price moves upward. However, a double top has formed, and the price has broken the recent low, indicating that the structure is beginning to shift into a downtrend. This suggests the market may soon start printing new lower highs (LH) and lower lows (LL). Additionally, on the...
My dear friends, EURUSD looks like it will make a good move, and here are the details: The market is trading on 1.1169 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 1.1073 Recommended Stop Loss - 1.1227 About Used...
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the EURUSD pair price action which suggests a high likelihood of a coming move up. ❤️ Please, support our work with like & comment! ❤️
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
When we look back, when Trump first came, Dxy showed a 5.5% increase, Dxy goes to 103.5. And Trump Dxy is too expensive, the dollar is too expensive, it should fall, the statements started. Then Dxy's 14% decrease went to 88.5. Now Dxy is around 102. I bought it directly as a fractal from August 15, 2016. If Dxy comes to around 104 until the election, the rapid...
On the EU, it's hard to understand what market makers are trying to do. We broke through daily lows yesterday from the rally B Leg 1.06011, which was the trend from April on. Great opportunities over summer. So now, my mind goes, are we getting a deeper retracement to find the C leg HL, or what's up with it? I'm hunting safe scalps lower to the next order block...
#EURUSD - H1 📣 Analyzing the 1-hour timeframe, if the downtrend around 1.1100 is broken, we can expect the price to rise towards the 1.1150 area. ⛔️ Stop Loss: 1.1060 On the other hand, if the 1.1060 level is broken, selling with a target of 1.1000 is an option. ⛔️ Stop Loss: 1.1100
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price rose higher than $1.1000 level but soon declined back, after which turned around and started to grow in channel. Inside channel, price broke $1.1000 level and reached later $1.1105 level, which broke soon too. After this, price reached resistance...
👀 👉 The EURUSD currency pair is currently displaying signs of price extension as it approaches a key support level. This technical setup suggests the possibility of a corrective move. Our strategy is focused on identifying trading opportunities, particularly if upcoming data releases affecting the EUR and USD are favorable later today. This analysis should be...
Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ EURUSD daily time frame 🇪🇺🇺🇸 EURUSD looks heavily overbought after a recent strong bullish rally. The price started a correctional movement and broke a solid rising trend line. I think that the pair will continue the correction to lower levels. 2️⃣ EURJPY daily time frame 🇪🇺🇯🇵...
Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 1,1046, which is pullback support close to 61.8% Fibo retracement. Our take profit will be at 1.1097, an overlap resistance. The stop loss will be placed at 1.0992, which is the pullback support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a...