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EURUSD-2

The importance of looking at long term chartsThis is a Back-to-Basics video demonstrating the importance of looking at long term charts. This is a monthly chart of EUR/USD, which means every bar contains one month of trading data. Even for intraday traders it is important to know where the 'big' levels are and where the long-term trend for a market is. First level of note is the 61.8% retracement at .9620 of the entire move from 1985 to 2008, the market bounced from this zone in September 2022. The second thing I note is the importance of leaving previous trendlines on the chart. The one on here is the old uptrend drawn from 2000, connecting the 2017 and 2020 lows. This now comes in at 1.1025 and acted as superb resistance for the market recently. It has provoked quite an emphatic failure and it does suggest that the longer term trend for EUR/USD remains firmly down (bearish). 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
2
easyMarkets EURUSD Daily - Quick Technical OverviewDisclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
by easyMarkets
Break Down: Analysis of The DXY, EURUSD, GBPUSD, US100 & MoreIn this video, we'll take a closer look at the charts we covered in our last live session, updating and explaining our analysis. Our focus will be on the following currency pairs: DXY, EURUSD, GBPUSD, NZDUSD, AUDUSD, EURCAD, and US100. We're currently seeing a lot of potential for dollar strength, but it's important to keep an eye on the upcoming CPI release on Tuesday, as it could create some volatility in the markets. As a simple rule of thumb, when inflation is up, the dollar tends to strengthen, and when inflation is down, the dollar tends to weaken. However, it's not always that simple, and it's important to pay attention to the details. When evaluating the CPI data, consider the following: how much it beat or missed the estimate, whether there is mixed data, if the data was as expected, and any revisions to the previous numbers. Additionally, pay attention to the rhetoric of central bank members after the release, as this can also impact market sentiment. Our analysis of the downside trades is closely tied to the inflation data release. A strong beat in inflation would likely result in successful trades. However, a significant miss in the data could invalidate many of these trades. If you're currently not in any trades, it may be wise to wait until after the CPI release. While it's tempting to try and get ahead of the market by positioning yourself, the risk of getting caught in a ranging market before the event could result in significant losses. It may be better to wait for a clearer direction after the release. Join us as we navigate through these charts and look for possible trades in the market. Let's stay vigilant and make informed decisions.
TVC:DXYShort
by natron
My Backtesting Results on NZDCHFHolding trades is what I want to get better at and backtesting is going to help me do it. I've backtested NZDCHF today and found that it was a remarkable session. I was able to enter 4 trades in the span of 3 months gaining over what would have been 15% from the trades, but one trade hit my break even point so I gained around 12% from my trades. I used the monthly, weekly, and daily timeframes with most of my entries coming from the daily timeframe. I used my own strategy known as TMP. It stands for Trend, Market Structure, Price Action(or, pending orders). I identify the trend first, then set my estimation zone, then place my pending order. In that order, thats it. I don't use support and resistance, trend lines, or indicators for the most part. I like using price action. Its my preference that has changed throughout my trading career. I've noticed I a few reasons why I don't enter my best setups are due it 1) Money trauma( family had poor money management) 2) Time limit( pressure from showing results) To get over those, I have set parameters to take partials, move my trades to break even, and set pending orders to eliminate myself not entering my own trades. This helps in the long run and has helped since collecting data on myself since the start of me using prop firms. I can only pray that through my backtesting and trading journey, this can help you too. Please let me know if you have questions regarding my backtesting or found something unique that helped you. Safe trading❤️
Education
by ShaquanLopez
1
AW Euro Dollar Analysis - Let's Clear Up The Euro Pattern...In this video I explain the slight changes in the wave count since last week. Without AriasWave it would be near impossible to get it right. From Here on out I can only see this move getting easier to read. The reason I find it important to know as much as possible about what we see here is because of Cryptos. The Euro is a gauge for when markets will inevitably finish their current corrections. In reality there isn't much time left but at least we know it won't be next week or possibly even next month. We could be looking at April, May, or June. Or later, depends. Whatever the outcome, I will be keep tabs on this market along with XLM and XRP the whole way through. In the meantime, it doesn't hurt to get on the AW team and learn the waves. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research. ***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
by AriasWave
4
EURUSD SHORT BIAS (TIME TO SELL!)EURUSD analysed Top-Down for you! The pair did not complete my previous projection to 1.11. However, it may still get there, like i always say trading is a game of probabilities. Building an edge is what we can do. So, I have marked my LTF POIs that i will be watching for next week. I expect EU to sell to the Daily OB marked as demand/POI (refined). Will be targeting the imbalances before entering a potential sell to 1.053. Enjoy the analysis!
Short
by NeddFx13
Breaking Down the FX Market: What You Need to Know Get ready for a packed week of Forex analysis, traders! We're diving into the charts with a focus on the dollar, pound, and euro. But that's just the start - we're also keeping an eye on earnings from big names like Apple, Amazon, and Google. We'll take a look at a few charts on our watchlist and break down both technical and fundamental analysis. This week, we're paying special attention to central bank rate hikes with the ECB, BOE, and FED all in play. With the possibility of rate hikes and NFP on the horizon, it's important to stay ahead of the game. Follow our analysis and insights to make the most of this exciting week! Good luck and let's hit those charts!
TVC:USOIL
by natron
1