Levels discussed on livestream 25th September25th September
DXY: Retracing from 100.20, could retest 100.60, look for rejection to continue lower to 100 and 99.70 major support level.
NZDUSD: Buy 0.6310 SL 20 TP 50
AUDUSD: Sell 0.6880 SL 20 TP 40
GBPUSD: Buy 1.3345 SL 40 TP 80
EURUSD: Buy 1.1205 SL 15 TP 45
USDJPY: Could range between 145 and 143, look for breakout potential
USDCHF: Buy 0.8470 SL 20 TP 80
USDCAD: Sell 1.3420 SL 25 TP 55
Gold: Bounce off 2652 could trade to 2670 with major level at 2700
Eurusd-4
EURUSD H4 | Bearish DropBased on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 1.1197, which is a multi-siwng high resistance.
Our take profit will be at 1.1150 a pullback support level close to 38.2% Fibonacci retracemet.
The stop loss will be placed at 1.1220, which is above the 127.2% Fibonacci extension
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider.You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
EUR/USD: The uptrend is still there!Today, I see EUR/USD breaking out of the bearish sentiment and rebounding to its recent high on Tuesday, but failing again at 1.1200. There really isn’t much support for the Euro to push higher. However, the broader USD weakness has helped keep EUR/USD high, which keeps me on the lookout for further upside in the pair.
Based on the technical indicators EMA 34, EMA 89 and support resistance zones, it makes sense to set up a buy order.
Usdjpy trade idea #usdjpy #xauusd #btcusd #eurusdusdjpy is under resistance level in 4H timeframe and currently break the 1H trendline
and taking pullback we need a red candle in my enter point to execute trade
I DON'T RECOMMAND YOU TO TAKE TRADE AFTER SEEING MY TRADE IDEA
IF YOU TRADE THEN TRADE WITH YOUR OWN STRATEGY AND TAKE RISK AT YOUR OWN RIISK
#EURUSD - 25092024So, the buy level I gave on Monday turned out to be the absolute low as EURUSD moved much higher yesterday. We can see how nicely the bands provided support as it rallied.
Triple resistance above but IMO, we are looking at a move higher for EURUSD, with 1.1135 as a good level to go long off.
Weekly EURUSD Analysis: Will the Bullish Trend Continue?Since June 26, 2024, EURUSD has been moving within an expanding channel up pattern, signaling a strong bullish trend. The ABCD Fibonacci pattern has also formed, with a bullish target at 1.1321.
Currently, EURUSD is attempting to break through the key resistance level at 1.1201. If this resistance is successfully broken, the bullish target from the Fibonacci projection is expected to be reached this week.
However, if the 1.1201 resistance holds strong, EURUSD may correct down to the support level at 1.1090 and touch the support line of the expanding channel before continuing its bullish momentum.
Will EURUSD break through resistance or undergo a correction? Let’s keep an eye on the upcoming movements!
EU: Bearish head and shoulders pattern forming!Hello all traders. Conan here!
Today, the EU is on track to continue its correction, falling below 1.1000 as the Euro uptrend quickly evaporated earlier. Currently, the EU is hovering around 1.111 and has not been too volatile recently.
Technically, there is a harmonic candlestick pattern that has formed, if the resistance zone is held by the Bears, it will accelerate into a strong downtrend to continue selling and heading for lower lows. The next important support zone will be the low seen on September 12, 2024, at 1.0550. Good luck trading to all of you.
EURUSDEURUSD . Potential long opportunity.
This is an adaptive analysis!
Our idea for EURUSD is a long after the price has fallen to our PBA (Pull Back Area). With DXY showing weakness we do believe that EURUSD could rise to our target 1.11674 . Our SL is set at 1.10751 .
In second scenario , we could see EURUSD make a deeper pullback down to 1.10500 which could be the second entry . Targets remain the same while SL would sit around 1.10150 .
PARAMETERS
- Entry: 1.11057
- SL: 1.10751
- TP1: 1.11363
- TP 2: 1.11674
KEY NOTES
- EURUSD has fallen to our PBA.
- Adaptive analysis.
- DXY showing weakness.
- EURUSD may make a deeper pullback to 1.10500.
Happy trading!
FxPocket
U.S. Dollar Index is near to fall. Soon..The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against basket of other six major currencies, extends its losses for the 5th consecutive week in a row, hovering below 102 points during the U.S. regular hours on Monday, August 19.
Over the past week, Gold spot (XAUUSD) has topped $2500 per ounce psychological high also, minting new all the history peak, while Forex Eur/Usd (EURUSD) pair just has flashed a positive 2024 YTD return, jumping above 1.10 psychological degree.
The US Dollar continues to weaken following dovish comments from Federal Reserve (Fed) officials, which have increased a new portion of expectations for an interest rate cut by the central bank in September. Furthermore, last week’s US economic data revealed that both the Producer Price Index (PPI) and Consumer Price Index (CPI) suggest that inflation is easing.
Federal Reserve Bank of San Francisco President Mary Daly stressed on Sunday that the US central bank should adopt a gradual approach to lowering borrowing costs, according to the Financial Times. Daly countered economists' concerns that the US economy is facing a sharp slowdown that would warrant rapid interest rate cuts.
Additionally, Federal Reserve Bank of Chicago President Austan Goolsbee cautioned that central bank officials should be careful not to maintain a restrictive policy longer than necessary. Although it's uncertain whether the Fed will cut interest rates next month, failing to do so could negatively impact the labor market, according to CNBC.
Additionally, the decline in the US yields contributes to downward pressure for the Greenback. 2-year and 10-year yields on US Treasury bonds stand at 4.05% and 3.85%, respectively, at the time of writing.
This week, all eyes will be on Federal Reserve Chair Jerome Powell's upcoming speech.
In a bottom line, the major technical graph for the US Dollar Index (DXY) indicates on possible huge decline for the next upcoming 12 to 18 months.
The secondary RSI(14) graph indicates also, the bearish sentiment prevails.
EURUSD H3 Analysis And Route Map For Next MovePair Name = EURUSD
Timeframe = H3
Analysis = technical + fundamentals
Trend = Bullish
Details :-
EURUSD got good volume and moved well from last Few days. Exactly on the way as predicted. It will hit a strong resistance level around 1.11946 to 1.12430
Price level.
Bullish Targets :-
1.11950
1.12430
Bearish Target :-
1.11470
1.11180
EMA 5 Cross over.
1.11500
1.11300
EURUSD: Move Up Expected! 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 1.11718
Wish you good luck in trading to you all!
EURUSD potential to Buy the Deep for a short-term gainEURUSD is currently moving downward toward the support level, driven by a day of high-impact EUR news. The price action is consolidating near resistance, indicating that the market may retest the previous weekly low and potentially dip below equal lows. However, with the overall trend still bullish on the daily timeframe, a rejection signal at the support level and downward trendline could trigger a move higher. The target is the resistance zone at 1.11360
EURUSD Under Pressure! SELL!
My dear subscribers,
EURUSD looks like it will make a good move, and here are the details:
The market is trading on 1.1133 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.1120
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
———————————
WISH YOU ALL LUCK
DXY Analysis: Wyckoff Accumulation Suggests Upside PotentialDXY Analysis: Wyckoff Accumulation Suggests Upside Potential
The Dollar Index (DXY) recently bottomed following an extended period of consolidation, marking the end of a Wyckoff Accumulation pattern on the chart. This phase of accumulation indicates that the dollar has likely built enough momentum for a bullish move. In the near term, I expect DXY to rise toward 101.6, followed by further strength taking it to 105.55 by the end of the year. As the accumulation phase transitions into a markup phase, the dollar is set for a period of appreciation.
AUDJPY - Top In Place! 1500pips Done, 5000pips To Go!In our last analysis we identified that we were looking toppish and gave several ways to confirm the reversal and get in.
We reversed perfectly and dropped 1500pips! We are now seeing a lower timeframe correction but we are still primed to drop another 5000pips.
On lower timeframe, watch for the completion of this correction. Again, we can use several ways to identify when the next big swing is confirmed:
1. Trendline Break
Watch for price to break a trendline that price has been respecting
2. BOS
Watch for price to break a significant swing point
3. Moving Average break
Watch for price to break a moving average that has been respected well
We'll post lower timeframe chart if there's enough engagement with this trade idea!
Goodluck and as always, trade safe!
You can find our previous analysis below:
XAU/USD : Will Gold Reach $3000? (READ THE CAPTION)By analyzing the #gold chart on the 2-hour timeframe, we can see that the price has risen to $2640, marking a new high. These days, we are witnessing gold setting new all-time highs daily, and many analysts, including myself, expect that if the downward trend in interest rates and the conflict between Israel and Hezbollah in Lebanon continue, we could potentially see gold rise to $3000 in the mid-term. However, if the price closes below $2640 today and doesn't break a new high, we could expect a correction down to $2617 as the first target. Gold is currently trading around $2632.
EUR/USD : Euro will Fall ? (READ THE CAPTION)By analyzing the #EURUSD chart on the 4-hour timeframe, we can see that the price is currently trading around the 1.11360 level. I expect the price to rise to 1.11560 to fill the FVG, and after seeing a suitable negative reaction, we can look to join with another Sell position! (This analysis will be updated).
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
#EURUSD 1 DAYThe EUR/USD pair on the 1-day chart is signaling a buy opportunity. This indicates that the current market conditions may be ripe for a potential upward movement in the Euro against the US Dollar. Traders might be observing several bullish indicators, such as recent price action showing higher lows, the formation of bullish candlestick patterns, or positive momentum signals from technical indicators. Entering a buy position at this stage could provide a favorable risk-to-reward ratio, especially if the price breaks through key resistance levels. As always, it's important to implement effective risk management strategies to safeguard against potential market volatility.
Levels discussed during livestream24th September
DXY: Currently just below 101, needs to break 100.85 for more downside to 100.60 support level.
NZDUSD: Look for reaction at round number resistance 0.63
AUDUSD: Sell 0.6810 SL 20 TP 60
GBPUSD: Buy 1.3380 SL 30 TP 60
EURUSD: Buy 1.1150 SL 15 TP 50
USDJPY: Sell 143.70 SL 50 TP 155
USDCHF: Sell 0.8460 SL 25 TP 50
USDCAD: Do Nothing, in the middle of support / resistance level
Gold: Upside to continue, looking to buy dips, up to 2650
Euro H4 | Range-bound tradingThe Euro (EUR/USD) is rising towards a swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 1.1178 which is a swing-high resistance.
Stop loss is at 1.1215 which is a level that sits above the 127.2% Fibonacci extension level and a swing-high resistance.
Take profit is at 1.1081 which is a multi-swing-low support.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
EURUSD**#EURUSD - H1 Analysis**
📣 On the 1-hour timeframe, if the upward trend is broken at the 1.1086 level, a price decline towards the 1.1040 area is expected.
⛔️ Stop Loss: 1.1120
On the other hand, if the 1.1120 level is broken, a buy position can be considered with a target of 1.1170.
⛔️ Stop Loss: 1.1086
EURUSDHello Traders!
What are your thoughts on EURUSD?
EURUSD is moving within an ascending channel and has recently reached a resistance zone, causing its upward movement to temporarily stall. It is expected that after a price correction, the bullish trend will resume.
As long as the price does not break below the identified support zone, the potential for further upward movement remains. A break below this support zone could signal a shift towards a bearish trend.
If you found this analysis helpful, don’t forget to like and share your thoughts in the comments! ❤️