GBPUSD: The bullish run continues!The analysis of GBP/USD highlights a strong upward phase, with the pair holding above 1.3300, close to its 31-month high. The pair has extended its positive trend for five consecutive sessions, driven by various technical and economic factors. The current resistance level is around 1.3350, representing the upper boundary of the ascending channel. If this level is breached, the next resistance would be around 1.3400, a significant psychological barrier. Should the pair retreat below 1.3300, it could drop toward 1.3230, the lower limit of the channel. This would signal a possible correction, likely due to overbought conditions.
The Bank of England (BoE) decision to keep interest rates unchanged, with only one policymaker favoring a cut, positively surprised markets. The overall tone was seen as "hawkish," with Governor Bailey expressing optimism that rates could fall but stressing the need for more inflation data. Positive retail sales data (+1% in August vs. a forecast of +0.4%) further supported the British pound, showcasing the UK's economic resilience, a positive factor for the currency. The US dollar, on the other hand, showed signs of weakness, especially following volatility in US equity markets, which could bolster GBP/USD’s rise.
Eurusd-4
EURUSD M30 I Bearish Reversal Based on the M30 chart analysis, we can see that the price is rising toward our sell entry at 1.1120, which is a pullback resistance.
Our take profit will be at 1.1075, a swing-low support level.
The stop loss will be at 1.1154, a pullback resistance level close to 78.6% Fibo retracement.
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Bearish drop?EUR/USD has reacted off the resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could drop from this level to our take profit.
Entry: 1.1137
Why we like it:
There is an overlap resistance that lines up with the 50% Fibonacci retracement.
Stop loss: 1.1200
Why we like it:
There is a pullback resistance level.
Take profit: 1.1047
Why we like it:
There is a pullback support level that lines up with the 78.6% Fibonacci retracement.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Gold's Surge on Fed Cuts and Geopolitical Tensions!Fundamental Trend and Macroeconomic Factors: Gold is continuing its bullish trend, supported by expectations of further interest rate cuts from the Federal Reserve (Fed). Lower rates make gold, a non-yielding asset, more attractive compared to interest-bearing financial instruments.
Geopolitical tensions between Israel and Lebanon are also boosting demand for safe-haven assets like gold, further driving up the precious metal’s price.
Technical Data and Trend Indicators: Gold has risen for the third consecutive day, with the price reaching a new record high of $2,634.74 per ounce.
Daily technical indicators show signs of stabilization, although they remain in overbought territory, indicating that the bullish momentum might start to slow down.
4-Hour Chart Analysis: Technical indicators have begun to pull back from their recent highs with neutral-to-bearish slopes, signaling a potential retracement.
However, gold continues to trade above rising moving averages, with dynamic support around $2,600.
Future Outlook: Upcoming economic data, such as the August PCE Index, could influence the Fed’s future direction, determining whether interest rate cuts will become more aggressive. This factor will be crucial in assessing whether gold can continue its upward trajectory, bolstered by an expansive monetary policy.
EURUSD: Neutral ready to breakout either way.EURUSD remains marginally neutral on its 1D technical outlook (RSI = 55.284, MACD = 0.003, ADX = 28.089) as it remains supported on the 4H MA50. At the same time it is bearish below the R1 level, which forms so far a Double Top. If the price crosses above it, we will turn bullish aiming at the 1.5 Fibonacci extension (TP = 1.13000). If the price crosses under the 4H MA200, we will turn bearish aiming at the S1 level (TP = 1.10000).
The 1D RSI is crossing under its MA trendline, which suggests that a bearish move is more likely, similar to every time this took place since June.
See how our prior idea has worked out:
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EURUSD Trading Opportunity! SELL!
My dear subscribers,
This is my opinion on the EURUSD next move:
The instrument tests an important psychological level 1.1142
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.1102
My Stop Loss - 1.1168
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
EURUSD What Next? SELL!
My dear friends,
Please, find my technical outlook for EURUSD below:
The instrument tests an important psychological level 1.1160
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.1121
Recommended Stop Loss - 1.1185
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
EURUSD : SWING TRADE IDEAI plan to go long USD starting at level 1.11601 with a stop loss at 1.2050 following last week's Fed cut.
My first target level is 1.08762.
**My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading my skills also for my trade journal**
Thanks a lot for your support
EURUSD: Bullish Forecast & Bullish Scenario
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the EURUSD pair which is likely to be pushed up by the bulls so we will buy!
❤️ Please, support our work with like & comment! ❤️
EURUSD: Local Correction Ahead! Sell!
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 downside. So we are locally bearish biased and the target for the short trade is 1.11118
Wish you good luck in trading to you all!
EUR/USD Sell to Buy idea from 1.10200This week's analysis for EUR/USD (EU) is quite interesting, as there is significant liquidity on both sides of the market. My plan is to wait for a liquidity sweep before considering trade entries. Ideally, I would like to see the price reach my 17-hour demand zone to continue the upward trend.
If the price doesn’t immediately reach that point of interest (POI), I’ll look for a short-term sell opportunity from the 4-hour supply zone, but only if I get the right confirmation. While there are equal highs and Asia session highs above the supply zone, I’ll be cautious and look for additional confluences.
Key confluences for EU buys:
- Significant liquidity to the upside, including equal highs and Asia session highs.
- A 17-hour demand zone that caused a break of structure to the upside.
- This is a pro-trend idea, with buys looking more favourable.
- The DXY (Dollar Index) is bearish, further supporting the bullish outlook for EU.
P.S. If the price breaks structure to the upside, I’ll look for a new demand zone to buy from. There’s a lot of liquidity built up above the current price that the market may target.
DreamAnalysis | EURUSD Key Levels That Could Change Everything!✨ Welcome to this segment of our channel, where we dive into the key currency pairs shaping today's market landscape.
📆 Today, we're focusing on the EUR/USD pair and breaking down its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics to fine-tune our trading strategies and maximize potential gains.
📊 Current Market Overview :
Currently, price has reacted strongly to the 4H Fair Value Gap (FVG), a key level we highlighted in our previous analysis. However, it has yet to sweep any significant levels such as the Previous Week High (PWH) or Previous Week Low (PWL). Patience may be key here, as we can wait for these levels to be swept before taking action.
🕓 Identifying Key Levels :
Here are the critical levels we're monitoring on the chart:
- PMH: Previous Month High
- PML: Previous Month Low
- BSL: Buy-Side Liquidity (important for a bearish scenario)
- SSL (EQL): Sell-Side Liquidity (potential targets for market movement)
- 4H FVG: Fair Value Gap (potential retracement zone and area of imbalance)
- Daily FVG
These liquidity zones represent crucial areas where the price seeks to gather orders, enabling movement toward the next significant level. The Fair Value Gaps (FVGs) highlight imbalances in the market that price may revisit to "rebalance" and collect orders.
📈 Bullish Scenario :
In a bullish outlook, we could see a retracement lower to sweep Sell-Side Liquidity levels like the PWL or Daily FVG. Once these liquidity zones are cleared, we can anticipate upward momentum, with targets such as the Previous Month High (PMH) offering opportunities to capitalize on bullish movements.
📉 Bearish Scenario :
For a bearish scenario, we might wait for a sweep of higher time frame Buy-Side Liquidity, or focus on lower time frames for short-entry opportunities. Whether the price interacts with the 4H Imbalance or forms new structures, identifying these shifts will be key to executing short positions aimed at the Sell-Side Liquidity levels.
📝 Conclusion :
As we conclude our analysis, it’s vital to stay alert and adaptable to the ever-changing market conditions. By grasping the significance of key levels and understanding potential scenarios, we empower ourselves to refine our trading strategies and seize opportunities for success.
🔮 Future Market Trends :
Keep an eye on the horizon! We will continue to track the evolving dynamics of the EUR/USD pair and other major currency pairs, providing you with timely insights and updates.
⚠️ Disclaimer :
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
EUR/USD Post-FOMC Price Review and AnalysisEUR/USD Post-FOMC Price Outlook
Following the recent FOMC meeting, the EUR/USD pair continues to struggle in its attempt to break above the critical 1.1200 resistance level. This area has once again demonstrated its strength, acting as a significant barrier to further upward movement. The price remains in close proximity to this resistance zone, suggesting that a breakout in the immediate term appears unlikely.
Current market dynamics hint at the possibility of a broader corrective phase for EUR/USD. Technical indicators on the chart point toward a potential downward move before any renewed bullish momentum. The first key support to monitor is near the 1.1120 level, with a secondary support zone around 1.1070, which could serve as a critical area for buyers to step in if the correction deepens.
The coming week will be crucial to determine whether the pair will enter a more extended correction or find enough strength to retest the 1.1200 resistance. It’s a wait-and-see scenario as traders gauge the market’s next move.
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 Sell opportunity on a Double Top.The EURUSD pair made a Double Top last week near the 1.12000 Resistance following the Fed Rate Decision (-0.50% cut) and technically this is the first sign of a potential medium-term sell opportunity.
If we examine the price action on the 1D time-frame going back 2 years (November 2020), we can see a recurring pattern. When the 1D RSI breaks above the 70.00 overbought barrier and posts a Lower Highs trend-line, a sell signal emerges, which is valid until the RSI approaches the 30.00 oversold level.
This sell signal has so far emerged 2 times (February 02 2023 and December 28 2023) and both times the pull-back that followed hit the 0.618 Fibonacci retracement level, below both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). The first correction registered a -4.70% decline while the second a -4.00%.
If this is a progressive pattern, then a potential new correction on the current RSI Lower Highs (Double Top for price) should be -3.30% (0.70 less than the previous), which as you can see on the chart falls exactly on the 0.618 Fibonacci retracement level.
As a result, this isn't just a strong sell signal but also gives us a very reliable Target at 1.08350.
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I Cannot Long This !!! situation+next targets.Given that the price has reached the top of the megaphone pattern and a negative signal (regular bearish divergence) has emerged, we can expect the price to decline from here to the points indicated on the chart.
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Levels discussed on Livestream 23rd September
DXY: Currently at 101, could retest bearish trendline and reject to trade down to 100.60. If trendline broken, needs to break above 101.40 for further upside to 101.80
NZDUSD: Sell 0.6195 SL 20 TP 40
AUDUSD: Sell 0.6775 SL 20 TP 65
GBPUSD: Sell 1.3245 SL 30 TP 70
EURUSD: Buy 1.1090 SL 25 TP 90
USDJPY: Sell 143 SL 35 TP 95
USDCHF: Sell 0.8540 SL 30 TP 105
USDCAD: Do Nothing
Gold: Currently retracing, look for possible reaction at 2600, esp for a rebound.
EU extends uptrendConan is happy to see you all again.
Currently, there are signs that the EURUSD market is bullish, with the level trading around 1.1160. Looking at our 4-hour chart, we can see that the EU has broken through the downtrend line and started to rise from 1.1068.
If the price holds 1.1175, the next forecast is likely to be a drop to around 1.1130 in line with the correction and test of the 34.89 EMA. At this point, the EU will receive strong support, which will help the currency reverse and increase in value to new highs.
Good luck to all of you and successful trading!
Should I buy or sell EUR/USD today?Hello everyone! Today, let's follow the latest developments of the EUR/USD pair!
Currently, EUR/USD is still maintaining an upward trend, holding below 1.1078. Despite a slight correction on Monday from 1.1200, there is nothing to worry about. Because in the short to medium term, the market sentiment remains very optimistic amid a weakening US dollar around the signals of expected 4 rate cuts this year, thereby supporting the currency pair.
On the other hand, if EUR/USD finds support around 1.1068, I believe it will continue its upward momentum and may break the target level of 1.1200, paving the way for a journey to conquer new highs.
That's my opinion! Do you agree? Share your thoughts!
EurUsd- Fall to 1.1 once more?Last week was favorable for Euro bulls, with the price climbing back to 1.12.
However, after three failed attempts to break above this level, the price has dropped sharply today and is now resting on the 1.11 support zone.
I anticipate a break below this level, with the next target being 1.10.
My strategy is to sell into rallies, with a stop above 1.12 to negate the setup.