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EURUSD-2

Update on EUR/USDWe outline the near term support and resistances following the recent sell-off by EUR/USD. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
Short
by The_STA
1
✨ UPDATE: EURUSD ✨ GDP/UNEMPLOYMENT CLAIMS (2H) ✨IMPORTANT FACTORS: —The Department of Labor will release the weekly Initial Unemployment Claims report on Thursday, May 25, 2023, at 05:30 PT. —The report measures the number of individuals who filed for unemployment insurance for the first time during the past week. —The market impact of the report can vary from week to week. Still, it is typically more significant when traders must diagnose recent developments or when the reading is at extremes. —Although it is generally viewed as a lagging indicator, traders care about the number of unemployed people because it is an important signal of overall economic health and because consumer spending is highly correlated with labor-market conditions. —Unemployment is also a significant consideration for those steering the country's monetary policy. FUNDAMENTAL ANALYSIS: The USD could be affected by the Unemployment Claims report in several ways. First, if the number of claims is higher than expected, it could be seen as a sign that the economy is slowing down, leading to a sell-off in the USD. Conversely, if the number of claims is lower than expected, it could be a sign that the economy is strengthening, leading to a rally in the USD. It is important to note that the Unemployment Claims report is just one data point traders will consider when making decisions about the USD. OTHER FACTORS: Other factors that could also affect the USD include the release of other economic data, such as GDP growth and inflation, as well as geopolitical events.
Long
by ProfessorCEWard
2
USDJPY I Caution shorting the Yen, best to wait for pullback Welcome back! Let me know your thoughts in the comments! ** USDJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
by BKTradingAcademy
1
EUR/USD sitting on trendline supportWe discuss whether we think the uptrend on EUR/USD will hold.... Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
by The_STA
EURUSD Technical Analysis and Trade IdeaThe #EURUSD has reached a significant support level, and we can see a bearish trend on the 4H chart. The clear presence of lower lows and lower highs confirms the downtrend. Currently, the currency pair is overextended, and I am seeking a short opportunity, preferably when it retraces back up to the 4H distribution level. All the details are thoroughly explained in the video, including price action, price gaps, the trend, support and resistance levels, and a trade idea. It is important to note that this information reflects my personal opinion and should not be considered as financial advice. Remember to manage your risk effectively.
Short
by tradingwithanthony
2
EURUSD I Daily and weekly trading strategy Welcome back! Let me know your thoughts in the comments! ** EURUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
12
USDJPY I Approaching weekly reversal pointWelcome back! Let me know your thoughts in the comments! ** USDJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
14
GBPUSD I Correction upward and more downside Welcome back! Let me know your thoughts in the comments! ** GBPUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
3
EURUSD I Potential bounce upward from demand zoneWelcome back! Let me know your thoughts in the comments! ** EURUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
EurUsd -> Make It Or Break ItHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that EurUsd is currently retesting a quite obvious previous weekly support/resistance area which is now turned support at the $1.087 area. You can also see that weekly moving averages are bullish, EurUsd is also still creating bullish market structure and also retesting the lower support trendline of a rising channel, so I definitely do expect a short term rally towards the upside from here. On the daily timeframe you can see that we are also currently retesting previous daily support from which we could definitely see some rejection towards the upside, we do NOT have bullish confirmation in my opinion yet, so I am now just waiting for a good entry point and then I do expect a retest of the next structure level at the $1.096 level. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
Long
by basictradingtv
41
Looking at EUR/USD levels ahead of ZEW and US retail salesDisclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
Short
by The_STA