#EURUSD - 01102024EURUSD gave a good long off the PZ yesterday as per plan; giving a 50pips up move, hitting the double resistance twice before selling down strongly for 100 pips. Difficult call from here IMO; EURUSD daily candle is bearish but price sold back down to support and overall trend is still up.
I see a possible pullback in DXY and thus a recovery in EURUSD first before further downside is possible IMO. 1.1160/1.1167 would, IMO be low risk levels to look for shorts for a move lower.
Eurusd-4
EURUSD - 4hrs ( Sell Trade target Range 150 PIP ) 🟢Pair Name : EUR/USD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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We seek to spread understanding rather than make money
🟢Key Technical / Direction ( Short )
Type : Mid Term Swing
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Bearish Break
1.11350 Area
Reasons
- 3 Bounce Trend Line
- Major Turn level / D
- Visible Range Lvn
- inner Choch
- Fixed range Hvn
Bullish Reversal
1.10000 Area
reasons
- Major Turn level / M
- Trend Line Area
- Visible Range Lvn
- Fibo Golden
- Month low
EURUSD: 2H Analysis & Trade SetupAfter analyzing the EURUSD on the 2-hour timeframe, we observe a shift in market dynamics as sellers begin to gain momentum.
Stay alert for price action in the coming hours as the pair continues to test these critical levels:
Resistance @ 1.1211
Point of Control @ 1.1166
Support @ 1.1121
CURRENT MARKET SENTIMENT
Buyers are in control as long as price action remains above the 1.1180 level, indicating a bullish stance at these levels.
However, recent price action shows the first signs of downtrend momentum on the 2H chart as the pair begins to trade below 1.1165, suggesting that sellers may be preparing to push prices lower.
SELL OPPORTUNITY & TRADE SETUP
If there is a pullback to the upside, we are targeting an opportunity to enter a Sell Limit Order (SLO) at 1.1151, where we expect the market to resume its downward trend. This will allow us to enter the market at a better price while staying within the broader bearish trend.
RISK/REWARD
With a risk/reward ratio of 2:1, we have positioned our Take Profit (TP) at 1.1018, which is in line with current market dynamics and allows for significant profit potential on the expected move lower. This setup balances both risk and reward to capitalize on the downtrend while managing exposure effectively.
CONCLUSION
EURUSD is showing signs of a shift towards a bearish trend on the 2H timeframe, particularly below 1.1165. A pullback to 1.1151 could present an ideal entry point for a Sell Limit Order, with our Take Profit targeted at 1.1018 for a solid 2:1 risk/reward trade.
EURGBP Short - Do You Even Check Fundamentals?I'd like to see at least one wick of a major past price point on the htf which will reset the longs before any potential up movement. In general, fundamental wise, I literally have no idea why people long EURGBP while its obvious that EUR will further decrease its rates while GBP stays at it.
EURUSD Set To Grow! BUY!
My dear friends,
EURUSD looks like it will make a good move, and here are the details:
The market is trading on 1.1161 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.1179
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
EUR/USD UPDATESince the onset of the Asian session, the pair has been gaining upward momentum, inching closer to the critical resistance at 1.1200. This psychological level exerts significant influence on the market, and breaking through it is likely to present a considerable challenge on the first attempt. Historically, such levels often act as formidable barriers, requiring sustained buying pressure to be overcome.
On the H4 and H1 timeframes, early signs of a rebound are beginning to take shape, suggesting that the market may be due for a pullback before another leg higher. On the D1 chart, a broader trading range between 1.1200 and 1.1050 is emerging, with the price showing potential to exit a descending wedge pattern—a bullish technical signal often associated with trend reversals. However, despite this positive setup, the current strong distribution around 1.1200 suggests that the market lacks the immediate strength to breach this key resistance zone.
In the short to mid-term, I expect the price to retreat slightly or consolidate within a narrower range between 1.1200 and 1.1140, possibly extending to 1.1110. Once this consolidation phase stabilizes, the pair may mount a renewed attempt to retest the upper boundary of the range. Should this occur, a successful breakout above 1.1200 would open the door for further bullish expansion, with potential upside targets around 1.1270 and 1.1350.
Key resistance remains at 1.1200, while support zones are found at 1.1140 and 1.1110. Above 1.1200, there is a significant pool of liquidity, which could act as a magnet for market participants. This dense liquidity zone may not be easily overcome, requiring multiple tests before buyers can decisively push through.
In conclusion, the market appears poised for a brief correction or range-bound consolidation before a more decisive move takes place. A break above 1.1200 is likely to signal the continuation of the bullish trend, with the next leg potentially targeting the 1.1270-1.1350 region. Traders should closely monitor price action around these critical levels for signs of a breakout or reversal.
Traders, if you found this idea helpful or have your own insights to share, feel free to drop a comment. I’d love to hear your thoughts!
EURUSD: Strong Bullish Bias! 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 1.11935
Wish you good luck in trading to you all!
XAU/USD : First Long, Then SHORT ! (READ THE CAPTION)By analyzing the gold chart on the 15-minute timeframe, we can see that the price is currently trading around the $2665 level. I expect the price to continue its upward movement, maintaining the support at $2658 and targeting the liquidity above $2669 and $2671. We have two key supply zones: the first one is between $2671 and $2674, and the second, more significant zone, is between $2681 and $2685. The second level holds higher significance. Keep an eye on the price reaction to these two levels, and you can expect an average return ranging from 30 to 270 pips.
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
HelenP. I Euro can rise higher than resistance level, breaks itHi folks today I'm prepared for you Euro analytics. Some days ago price declined to the trend line, but soon it turned around and started to grow. It quickly rose to the support level, which coincided with the support zone, and broke it. After this, EUR rose a little and then made a correction to the support zone, after which continued to move up to 1.1145 points, and then started to decline. In a short time, the price fell to the 1.1080 support level and at once rebounded up to the resistance level, which coincided with the resistance zone and some time traded near. After this movement, EUR turned around and dropped to the trend line, after which quickly backed up. Also, the price broke the 1.1180 level but soon fell below, making a fake breakout. Price tried to break the resistance level again, but failed and recently dropped to the trend line. Now, EURUSD rising to a resistance level again, for this reason, I expect that the price can reach this level and then make a small correction movement. After this, Euro will break the resistance level and continue to move up, that's why i set my goal at 1.1220 points. If you like my analytics you may support me with your like/comment ❤️
DreamAnalysis | EURUSD Approaching Key Levels – Big Moves Ahead!✨ Today’s Focus: A Critical Asset in the Market – EUR/USD
We'll break down its recent price movements and provide insights on what to expect next, based on key market levels.
📊 Current Market Overview:
EUR/USD is showing notable upward momentum, with price targeting buy-side liquidity. Recent sweeps include the Previous Month High (PMH), and price is now nearing the Previous Week High (PWH). A potential sweep of this level is expected, but overall, the outlook remains bearish, suggesting a move lower to target sell-side liquidity.
🕓 Key Levels to Watch:
Here are the essential zones we’re tracking:
- PMH: Previous Month High
- PML: Previous Month Low
- PWH: Previous Week High
- PWL: Previous Week Low
- SSL: Sell-Side Liquidity
- 4H FVG: 4-Hour Fair Value Gap (a potential retracement zone)
- Daily FVG: Daily Fair Value Gap (imbalance zone)
These levels mark critical areas where price may accumulate liquidity or rebalance. Fair Value Gaps (FVGs) highlight zones where the market may retrace to collect orders before continuing its trend.
📈 Bullish Scenario:
Although we don't see immediate triggers on higher time frames (HTF), lower time frames (LTF) present potential opportunities. A better entry may emerge after a sweep of higher time frame sell-side liquidity (SSL), leading to a long setup targeting the Previous Week High (PWH).
📉 Bearish Scenario:
On lower time frames (LTF), a valid entry model could play out to target sell-side liquidity. Key levels to watch include Relative Equal Lows, the Previous Week Low (PWL), and potentially a tap into the Daily Imbalance for further downside.
📝 Conclusion:
As always, remain adaptable to changing market conditions. Monitoring these key levels and scenarios will sharpen your strategy and help identify opportunities.
🔮 Looking Ahead:
Stay tuned for updates as we continue to monitor NASDAQ, DXY, EUR/USD, and other major currency pairs. Expect timely insights as market trends unfold.
⚠️ Disclaimer:
This information is for educational purposes only and does not constitute financial advice. Always do your own research and consult a licensed financial advisor before making any investment decisions.
GOLD H4 RE-ACCUMULATION FINAL TP 3 000 USD🔸Hello guys, today let's review 4HOUR price chart for gold. Ongoing -RE-accumulation in progress, strong chart overall, BULLS maintaint control. Accumulation not complete yet, so we are not ready to hit 2750/3000 yet.
🔸Key s/r zones defined at 2250 usd / 2500 usd / 2750 usd / 3000 usd.
So this a list of the key s/r zones in play right now, we are trading well
above strong s/r zone at 2500 usd so currently limited downside.
🔸Previously gold accumulated ins 2300/2450 usd range before finally
breaking the 2500 usd psyuchological resistance level. Currently
2500 usd flipped from resistance to support, therefore bulls maintain
strategic advantage overall.
🔸new re-accumulation zone bulls 2565 / 2685 usd.
🔸Recommended strategy position traders: BULLS should wait for
re-accumulation to complete and buy low near 2565 usd.
initial TP is 2750 USD and towards end of 2024 - 3000 USD.
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Levels discussed 30th September 30th September
DXY: Price could retrace from 100.40 to 100.55 and possibly retest bearish trendline. But overall downtrend, with support at 100.20
NZDUSD: Sell 0.6345 SL 20 TP 45
AUDUSD: Sell 0.6955 SL 20 TP 50
GBPUSD: Sell 1.3355 SL 20 TP 50
EURUSD: Buy 1.1175 SL 20 TP 40
USDJPY: Sell 141.50 SL 50 TP 130
USDCHF: Buy at 0.8440 SL 20 TP 70
USDCAD: Buy 1.3545 SL 20 TP 50
Gold: Could consolidate between 2640-2652 range, If broken lower, could trade down to 2616.
EURUSD Bullish continuation of the Channel Up.The EURUSD pair is defying the Double Top selling pressure of the 1.12100 Resistance and it appears that there are high probabilities of extending the Bullish Leg of the June's Channel Up.
With the support of the 1D MA50 (blue trend-line) that contained the September 11 pull-back, the trend may be targeting the pattern's top for a new Higher High. It appears that so far there is high symmetry between the July - August 2024 Leg and October - November 2023 trend (both +4.99% rises), so the current uptrend may be of around +3.85%, similar to the one of December 2023.
As a result, with the 1D MACD also on a Bullish Cross, we are targeting 1.13500 for a Higher High.
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EURUSD: Join the purchase!EUR/USD is hovering below 1.1200 in early Monday morning in Europe. The pair lacks fresh directional momentum, awaiting flash German CPI data and Fed Chair Powell’s speech. More stimulus efforts from China help keep risk sentiment sweeter amid Middle East risks.
Given the current market conditions, it looks like EUR/USD will continue its larger uptrend, as the chart shows.
The first resistance zone to watch is 1.1200, followed by the upper channel resistance around 1.1240
EURUSD: probability for short reversalFed's favorite inflation gauge, the PCE price index, was standing at 0,1% for the month in Augusta, modestly below 0,2% expected by the market. The Core PCE was also 0,1% for the month. The personal income increased by 0,2% in August, while personal spending increased by 0,2% for the month. The US GDP Growth Rate final for Q2 was without change from previous estimate at 3% for the quarter. The US house price index in July was standing at 0,1% for the month, below consensus of 0,2%, bringing the increase of house prices up to 4,5% on a yearly basis. New home sales dropped by -4,7% in August for the month, still below forecasted -5,1%. Figures continue to show that the US housing market continues to struggle in the environment of high interest rates. Durable Goods Orders were standing at 0% in August, while the market was expecting to see a drop of -2,2%. Michigan Consumer Sentiment final for September was standing at the level of 70,1, which was a bit higher from forecasted 69,0.
The economic sentiment in Germany continues to slow down. Posted HCOB Manufacturing PMI flash for September shows further drop to the level of 40,3 from August figure of 42,4 which was also forecasted for September. HCOB Services PMI flash for September showed the same trend, reaching 50,6 down from forecasted 51. At the same time Ifo Business climate for September reached 85,4 down from expected 86. The GfK Consumer Confidence in Germany for October reached -21,2 and was higher from forecasted -19. The unemployment rate in Germany was unchanged at 6% in September.
The currency pair spent the previous week testing the 1,12 current resistance line. The trading range during the week was between 1,1090 and 1,1208. The Relative Strength Index was moving around the level of 60 during the week. This is indication that the market is still reluctant to clearly step toward the overbought market side. The moving average of 50 days continues to diverge from its MA200 counterpart, not providing any indication over a potential for a cross in the coming period.
The currency pair tested the 1,12 resistance line during the previous week. As there has not been enough market strength to clearly cross this line, it increases the probability for a short term reversal in the coming period. Still, some stronger moves to either side should not be expected. As per current charts, there is some probability that the 1,11 level to be tested for one more time, while there is lower probability that the eurusd could return back toward the 1,10 support line. It should also be considered that the US non-farm payrolls will be released in the week ahead, which might bring some volatility back to the market.
Important news to watch during the week ahead are:
EUR: Inflation rate in Germany for September, Inflation rate in the EuroZone flash for September, Unemployment rate in the Euro Zone in August, Producers Price Index in the Euro Zone for August, Retail sales in August for the Euro Zone.
USD: Fed Chair Powell speech, ISM Manufacturing PMI for September, ISM Services PMI for September, Nonfarm payrolls, Unemployment rate
XAUUSD H4 Analysis And Route Map for next MovePair Name = XAUUSD
Timeframe = H4
Analysis = technical + fundamentals
Trend = Bullish
Please see the Above chart To see The Gold Next Moves.
We are currently in new Price Ranges. But we are also using our previous analysis and data to Follow the exact Path.
Currently We Can see between two strong support and Resistance levels. As we can see at chart 2650 Gold Price level and 2670 Gold Price level.
EMA 5 is indicating the trend of the market. EMA Cross over can range between 2653 to 2658. That indicates if Price breaks this level. Then we will see a small retesting period.
This kind market allow us to buy the dip and cash another next trend move.
Strongest retesting zone exists between the price level 2615 to 2600 price level.
EMA 5 Crossing levels:-
2655 To 2658
Retracement Zone:-
2600 To 2615
Bullish Gold Levels:-
2673
2690
Bearish Gold Levels:-
2650
2638
2615
2600
Stay tune we Will update again when market will give up another good direction move. With Different different time frame we check the market to get the Accurate analysis according market next move. Happy trading.
#EURUSD - 30092024EURUSD gave a good long opportunity off the buy level given, a move of 60 pips with a drawdown of 15pips. It hit the strong double resistance on PCE data perfectly before a strong down move. But still the lows held.
Weekly candle is a tweezer type of formation, which indicate indecision. Daily candle is red, but overall it is ranging, as we see alternating red and green candle. This morning, it opened and moved higher. Thus I am cautiously bullish, for PZ to hold for a move higher to 1.1240.
EURUSD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
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 these 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: Bearish Continuation & Short Signal
EURUSD
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short EURUSD
Entry Point - 1.1159
Stop Loss - 1.1185
Take Profit - 1.1115
Our Risk - 1%
Start protection of your profits from lower levels
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Euro can reach resistance level and then start to declineHello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price declined to 1.0775 points, after which turned around and made a strong impulse up to the 1.1000 support level, which coincided with the support zone. Then the price rebounded from this level and made a small correction movement, and then continued to move up next. Soon, the price broke the 1.1000 level and made a retest, after which rose to the resistance level, which coincided with the seller zone. Next, EUR turned around and started to decline to support the level inside a triangle. And when it reached this level, which coincided with the support line of the triangle, the price turned around and rebounded. A short time later Euro reached the 1.1200 resistance level and some time traded near this level and even tried to break it, but failed and dropped below. So, in my opinion, the price can reach the resistance level again and then start to decline to support line of the triangle. After the price reaches this line, it can break it, thereby exiting from the triangle pattern and continuing to move down. For this case, I set my TP at 1.1060 points. Please share this idea with your friends and click Boost 🚀
EURUSD Is Very Bearish! Short!
Please, check our technical outlook for EURUSD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.116.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.099 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.
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