EURUSD Is Trading under The Pressure Of A Strong UsdHey Traders, in tomorrow's trading session we are monitoring EURUSD for a selling opportunity around 1.07900 zone, EURUSD is trading in an uptrend and currently seems to be attempting to break it out. If we get dips below 1.07900 support area we will be looking for a potential retrace of the trend towards further downsides.
Trade safe, Joe.
Eurusd-4
EURUSD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
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Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
EURUSD Sellas we were bearish last week and now still this week too we are bearish although we have NFP pending this week if data goes into favor we will have a rally downwards and profits will be taken
we have some bearish confluences over the pair which are lined up as
Confluence
EUR vs Dollar is in bearish trend from Monthly to weekly to daily to H4 to H1 we are all bearish
the pair is making Lower highs and Lower low formation from last week and has completed its retracment and am waiting for BOS only we will go bearish over it
Geo politics is also a factor for EUR to be bearish All currencies are affectee of this Situation
we will be bearish this week and let the price play if any change in price character is seen i will be mentioning that into my analysis
EURUSD Will Go Down From Resistance! Short!
Take a look at our analysis for EURUSD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 1.079.
The above observations make me that the market will inevitably achieve 1.068 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
How to avoid being emotional in trading?Avoiding emotional trading is a key skill in successful investing and trading, as it helps minimize impulsive decisions that can lead to losses. Here are some strategies and insights to help maintain a disciplined approach to trading and avoid being swayed by emotions like fear, greed, or overconfidence:
🔸 Create and Stick to a Trading Plan
▪️Set Clear Goals: Define your profit goals, risk tolerance, and entry/exit points in advance.
▪️Follow Predefined Rules: A trading plan provides structure, guiding you to make logical decisions rather than impulsive ones.
▪️Limit Exposure: Decide on position sizes beforehand to avoid overcommitting and feeling compelled to make irrational moves if markets turn volatile.
🔸 Use Stop-Loss and Take-Profit Orders
▪️Automate Exit Points: Setting up stop-loss and take-profit orders allows you to exit trades at predefined points, limiting the need to make quick, emotion-driven decisions during market fluctuations.
▪️Reduce Monitoring: Knowing your trades will automatically exit at specific points reduces the need for constant checking, which can often lead to stress and emotional reactivity.
🔸 Practice Patience and Avoid Overtrading
▪️Avoid Excessive Monitoring: Watching the market closely can lead to impulsive reactions to small fluctuations. Stick to reviewing your trades periodically rather than minute-by-minute.
▪️Limit Trade Frequency: Overtrading, driven by the need to “make back” losses or maximize gains, often leads to poorly thought-out decisions. Trade only when your trading plan calls for it.
🔸 Develop a Balanced Mindset
▪️Stay Neutral to Wins and Losses: Emotional attachment to individual trades can make it harder to accept losses and lead to revenge trading, where you try to make up losses through risky moves.
▪️Accept Losses as Part of the Process: Even the best traders face losses. Accepting this and moving on helps maintain perspective and discipline, which are essential for long-term success.
🔸 Utilize Data and Analysis Over Intuition
▪️Focus on Objective Indicators: Base decisions on data, such as price charts, moving averages, and technical indicators, rather than “gut feelings.”
▪️Avoid Confirmation Bias: Seeking only information that supports your existing beliefs can lead to one-sided and often poor decisions. Stay open to all relevant information.
🔸 Take Breaks and Manage Stress
▪️Step Away After a Major Loss or Win: Strong emotional responses often follow big losses or gains. Taking a break gives you time to reset your mindset before your next trade.
▪️Practice Relaxation Techniques: Techniques like deep breathing, meditation, or even short exercises can reduce stress and improve focus, reducing emotional reactions.
🔸 Build Self-Awareness
▪️Reflect on Your Emotions: Keeping a trading journal can help you understand emotional triggers and patterns in your decision-making.
▪️Work with a Trading Coach or Join a Community: Having accountability, whether through a mentor or a trading group, can help you stay grounded and receive objective feedback on your trading behavior.
🔸 Set Realistic Expectations
▪️Don’t Chase Unrealistic Returns: Expecting massive returns can lead to risky, emotion-fueled decisions. Focus on sustainable, gradual growth.
▪️Acknowledge Market Unpredictability: Markets are often unpredictable, and not every trade will go as planned. Accepting this helps lower emotional stakes with each trade.
🔸 Consider Using Algorithmic or Automated Trading
▪️Remove Emotion from Execution: Algorithmic trading allows traders to set parameters and let algorithms execute trades, effectively reducing emotional interference.
▪️Define Rules for Entry and Exit: Predefined rules, when followed strictly by algorithms, allow for a structured and emotion-free approach to trading.
Adopting these practices helps build discipline, patience, and resilience, which are essential for minimizing the negative impact of emotional trading on your overall financial success.
"EUR/USD Approaching Critical Support1. Key Support and Resistance Levels
Resistance: The price has previously faced resistance near 1.10409 and 1.09127 (marked by horizontal purple lines). The recent peak suggests that 1.10409 is a strong resistance level where sellers may exert pressure.
Support: The price has bounced around the 1.07532 level, which acts as a key support zone. This level aligns with the trendline support, making it a crucial area for potential bullish reversals.
2. Descending Triangle Pattern
The chart shows a descending triangle pattern, formed by the downward-sloping resistance line and the trendline support. This setup typically indicates bearish momentum, where a breakdown below the support could lead to further downside movement.
3. Moving Averages
Multiple moving averages (e.g., 20, 50, and 100-day) are visible, showing a recent bearish crossover. The price currently trades below these averages, hinting at continued bearish sentiment.
4. Volume Analysis
Recent volume bars suggest higher selling pressure, especially as the price approaches the support region. Increased volume during a breakdown could confirm further bearish action.
5. Potential Scenarios
Bearish Breakdown: A close below the 1.07532 level, accompanied by strong volume, could lead to a continuation of the downtrend, possibly targeting the next support zone around 1.06500.
Bullish Reversal : If buyers step in at 1.07532 and the price rebounds, a move towards 1.09127 could be possible.
Summary
This EUR/USD chart hints at a bearish bias as it approaches a significant support level. Traders may look for a confirmation of direction, as a breakdown could signal further declines, while a reversal at support might lead to a short-term rally.
Disclaimer: This is for educational purposes and not financial advice.
EUR | USD | GBP Weekly Forecast Oct. 28: SELL EU & GU!In this video, we will view the markets through ICT Concepts, focusing on the USD, the EURO, and the GBP.
The retracement in the USD Index is overdue and pending... but not yet! There is still room to the upside, which means EURUSD and GBPUSD will likely be BEARISH, as the USD is stronger than both at this time.
Look for the FVGs to hold price or fail, and let them guide you.
Enjoy!
May profits be upon you.
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I appreciate any feedback from my viewers!
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Thank you so much!
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I do not provide personal investment advice and I am not a qualified licensed investment advisor.
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Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
AI Algo Trading Intro/OverviewAI ALGO TRADING INTRO/OVERVIEW
🔹AI algorithmic trading, often referred to as AI algo trading, is a sophisticated approach to financial trading that uses artificial intelligence (AI) algorithms to make trading decisions. It combines finance, statistics, and computer science to analyze vast amounts of data and execute trades in real-time, often at speeds impossible for human traders. Here's a closer look at how it works, its benefits, and the key components:
1. How AI Algo Trading Works
AI algo trading employs machine learning, deep learning, and other advanced data analysis techniques to create models that can predict stock prices or detect trading patterns. These AI models are designed to identify patterns or anomalies in historical and real-time data, which helps them make predictions about price movements. The algorithms can process huge datasets from multiple sources, including stock prices, news, sentiment data from social media, and even macroeconomic indicators.
Typical steps involved in AI algo trading include:
🔹Data Collection: Gathering historical price data, technical indicators, financial reports, and alternative data (e.g., news, social media sentiment).
Model Training: Training machine learning models on historical data to predict asset price movements or specific trading signals.
🔹Backtesting: Testing the model on historical data to see how it would have performed in the past, adjusting for any biases or errors.
🔹Execution: Implementing the model in live markets to execute trades automatically when certain conditions are met.
2. Key Components of AI Algo Trading
Several key components work together in AI-driven trading systems, including:
🔹Data Management: Collecting, cleaning, and storing large volumes of financial and alternative data.
🔹Feature Engineering: Selecting or creating specific data features that improve the model's accuracy, such as moving averages, volatility measures, or sentiment scores.
🔹Machine Learning Models: Models like neural networks, decision trees, or support vector machines (SVMs) are common in AI trading. More advanced models use deep learning and reinforcement learning.
🔹Risk Management: Ensuring trades meet certain risk parameters to prevent excessive losses. Many AI algorithms have built-in risk management measures, like stop-loss limits or position size restrictions.
🔹Execution Algorithms: After generating trade signals, execution algorithms place trades in the market. These can include smart order routing and algorithms for optimizing trade timing.
3. Advantages of AI Algo Trading
🔹Speed and Efficiency: AI algorithms can execute trades within milliseconds, reacting instantly to market movements.
🔹Data-Driven Decisions: AI algo trading relies on empirical data rather than emotions, leading to potentially more consistent decision-making.
🔹Pattern Recognition: Advanced AI models can identify complex patterns in large datasets, uncovering trading opportunities that may be invisible to human traders.
🔹24/7 Operation: AI systems can monitor markets continuously, which is especially valuable in global markets that operate around the clock.
🔹Customization: AI-driven strategies can be tailored to specific asset classes, trading goals, and risk tolerances.
4. Popular AI Techniques in Trading
AI algo trading employs several popular techniques:
🔹Supervised Learning: This includes models like regression, classification, and neural networks, often used to predict price changes or determine trading signals.
🔹Unsupervised Learning: Clustering and anomaly detection models help identify unusual trading patterns or group similar assets.
🔹Reinforcement Learning: This is where AI learns to optimize strategies through trial and error, which can be particularly useful for adaptive, evolving trading strategies.
🔹Sentiment Analysis: AI can analyze text data (e.g., news articles, tweets) to gauge market sentiment, adding a qualitative dimension to trading models.
5. Risks and Challenges
While AI algo trading offers numerous advantages, it also comes with certain risks:
🔹Model Overfitting: Overfitting to historical data can result in poor performance in live markets if the model is too specific to past conditions.
Market Volatility: AI algorithms may struggle to adapt to sudden market changes, like unexpected geopolitical events or economic crises.
🔹Technical Failures: Infrastructure and connectivity issues can disrupt AI trading systems, leading to missed opportunities or unwanted positions.
🔹Regulatory Concerns: Regulatory bodies often scrutinize algorithmic trading for issues like market manipulation, requiring firms to ensure their algorithms are compliant.
6. Future of AI Algo Trading
🔹The future of AI algo trading looks promising, with ongoing advancements in AI and access to even more diverse data sources. Innovations in quantum computing, natural language processing (NLP) for deeper sentiment analysis, and reinforcement learning for adaptive strategies are likely to further enhance AI-driven trading.
🔹As AI trading models continue to evolve, they may also become more accessible to individual investors and retail traders, allowing a broader range of market participants to benefit from data-driven trading strategies. However, regulatory agencies may also implement stricter controls to manage the risks associated with autonomous AI trading.
EUR/USD: Extending the declineHello dear friends.
Overall, EURUSD has made a significant recovery from last week with a price increase beyond 1.0800 after data from the US showed that Durable Goods Orders fell 0.8% in September. However, unfortunately, the pair quickly fell back and closed the fourth consecutive week in negative territory, weakening EURUSD significantly.
In addition, from the 1-hour chart, the pair has broken the rising trend line and the price wedge has been broken, suggesting that the bears are likely to continue to gain the upper hand without any significant reversal, as shown by the flat 34.89 EMA.
EUR/USD: hits new 16-week lowEUR/USD is trading around 1.078 and the technical picture remains heavily bearish after failing to break above the 1.0800 resistance level. The decline comes as Fibre falls sharply ahead of Thursday’s new round of Purchasing Managers’ Index data. ECB officials have played down economic concerns, reiterating the need for caution when considering future rate cuts.
As seen on the 1-hour chart, it can be seen that the price remains below the 34, 89 EMAs and the price wedge has not been broken, suggesting that the downtrend is not over yet. This usually allows sellers to still gain the advantage of a more bearish reversal in the near term, potentially reaching lower levels around 1.0740.
Happy trading.
EURUSD hit the MA50 (4h) after 1 month. Buy if it breaks.EURUSD hit today its MA50 (4h) for the first time since September 30th.
The pattern remains a Channel Down though, so the trend remains bearish unless a (4h) candle closes above the MA50.
Trading Plan:
1. Buy after a (4h) candle closes above the MA50.
Targets:
1. 1.09500 (Resistance 1).
Tips:
1. The RSI (4h) is already on a bullish reversal and a Higher High. If the MA supports, it will be an extra bullish signal.
Please like, follow and comment!!
Notes:
Past trading plan:
EUR/USD resumes lowsAfter bouncing off the trend line that has been in place since October 2023, around 1.0760, the selling seems to have resumed in the EUR/USD today. Price has found resistance right off the 1.0835-40 region. This area has provided some support at the back end of last week, before giving way earlier this week. Once support, it has turned into resistance. From here, the EUR/USD could revisit the trend line and the August low of 1.0777, with the subsequent bearish target being around 1.0700.
The dollar's strong rally in recent weeks and the simultaneous climb in bond yields are clear headwinds for the EUR/USD. Next week is a busy one for the economic calendar with lots of US economic data, and lots of major company earnings all to come ahead of the November 5 US Presidential election in the following week.
It is unlikely that the dollar will sell-off ahead of the election, meaning the pressure is likely to remain on the EUR/USD in the week ahead.
By Fawad Razaqzada, market analyst at FOREX.com
HelenP. I Euro can little grow and then start to declineHi folks today I'm prepared for you Euro analytics. Some days ago price rose to the resistance level, which coincided with the resistance zone, and tried to break it, but failed and fell below. But soon, the price finally broke this level and entered to consolidation, where it at once rose to the top part. After this movement, the EUR turned around and made a correction to the resistance level, after which at once bounced and started to grow. Later EURO rose back to the top part of a consolidation, which coincided with the trend line, and then started to decline. In a short time, the price fell to the 1.1 resistance level, and broke it, thereby exiting from consolidation and continuing to move down. Later price reached the trend line and broke it, after which made retest and continued to fall. But a not long time ago it rebounded and started to grow, therefore I expect that EURUSD will rise more and then continue to fall. That's why I set my goal at 1.0750 points. If you like my analytics you may support me with your like/comment ❤️
EURO - Price can bounce up from support line to $1.0825 levelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Recently, price started to decline inside falling channel, where it some time traded near $1.0955 level and then broke it.
Next, price fell to support line of channel, after which bounced up to resistance line and then continued to decline.
Some time later price declined to $1.0825 level and then bounced up to resistance line of channel.
But after this, price turned around and then bounced down, thereby breaking $1.0825 level and entering to resistance area.
EUR tried to rise, but failed and continued to decline inside falling channel, and recently reached support line.
Now, I think that price can correct a little and then bounce up to $1.0825 resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
EURUSD: Local Correction Ahead! Buy!
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 1.08467
Wish you good luck in trading to you all!
XAU/USD : Bull or Bear ? (READ THE CAPTION)By analyzing the #Gold chart in the 30-minute timeframe, we can see that last night the price dropped to $2708. As I mentioned, due to the sharpness of this drop, I expected the liquidity gap created by the decline to be filled quickly. We saw the price rise from the $2708 demand zone up to $2739, and it is currently trading around $2736.
Pay attention to the $2732 to $2735 range, as it is a key demand zone. If the price can hold above this level, we will likely see further growth in gold. However, if this important support zone fails to hold back the decline, we could potentially see a further drop with the first bearish target at $2727.
In case of continued growth (Scenario 1), the targets will be $2739.5, $2741, $2743.5, $2748, and $2755, respectively.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
End of the week market analysis25th October
DXY: Consolidating along 104 round number (50% fib retracement) could trade down to 103.85 price level
NZDUSD: Sell 0.5970 SL 20 TP 55
AUDUSD: Sell 0.6610 SL 20 TP 40
GBPUSD: Sell 1.30 SL 25 TP 90
EURUSD: Looking for reaction around 1.0840
USDJPY: Buy 152.20 SL 40 TP 100
USDCHF: Do Nothing
USDCAD: Looking for bounce, retail sales data pending Buy 1.3825 SL 15 TP 40
Gold: Likely to fluctuate between 2700 and 2740 while directional bias develops
EURUSD Multi Timeframe Analysis 25.10.202415m Swing Bullish , Internal Bullish , but his could be to mitigate current unmitigated 4H supply
Bullish momentum is strong after sweeping daily low liquidity so I assume and will look for longs to stay with the bullish pressure until it turns out the other way
Pricing in 4H supply now so we might see 15m fractal shift to bearish and give us quick short possibilities. But I will look for confirmation longs from 15m demand range nested in 4H demand, which is marked on the chart.
Short-term EURUSD ideaAfter yesterday's better than expected flash PMIs from Germany, we saw EURUSD finding some buying interest. Let's see if we can get a larger correction to the upside.
EASYMARKETS:EURUSD
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EUR/USD: Selling pressure takes control!Hello all traders!
Overall, a lackluster start to the week saw the EUR/USD pair extend its decline, falling below the 1.0900 mark and recording a fresh two-month low near the key 34-day Simple Moving Average (EMA).
As such, the US Dollar (USD) continued its rally, pushing the US Dollar Index (DXY) to a fresh multi-week high above 103.00 on persistently high risk sentiment and rising geopolitical tensions in the Middle East. That said, the selling pressure on EUR/USD is not over until the price retests the trendline and the 1.0800 support zone.