EURUSD On The Rise! BUY!
My dear friends,
EURUSD looks like it will make a good move, and here are the details:
The market is trading on 1.0720 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 - 1.0793
Recommended Stop Loss - 1.0687
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
Eurusd-4
EURUSD giving a buy signal on amazing symmetry.EURUSD is under heavy selling pressure since the elections result.
Still, today's 1day candle is the 3rd in a row that doesn't cross Support A.
As you can see the pair displays an uncanny symmetry, having respected all symmetrical Resistance and Support levels since the Double Top of September 25th.
This is a buy signal that is aiming at 1.09000 (June 4th High).
Previous chart:
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VIX GOING BACK UPAfter two false routes (the two white lines), we know for sure that VIX is to go up at some point to make up for the gap it made this week.
The only thing is we thought today's opening would be a higher gap compensating the precedent gap, but it kept getting lower and lower.
Now that we're approaching a low KL, there might be a new opportunity for a long entry, stay advised and always put a tight SL on this.
Republicans Retake Senate, EURUSD Holds at Critical ResistanceFxNew s—The October 23 low at 1.076 is the immediate resistance. The EUR/USD price is likely to exceed this level.
If this scenario unfolds, the consolidation phase could extend to the 50% Fibonacci retracement level, backed by the bearish fair value gap area.
This level provides a decent opportunity to join the bear market. Therefore, traders and investors should closely monitor the resistance area that expands from 1.081 to 1.084, backed by the 100-SMA, for bearish signals.
HelenP. I Euro will rebound down from resistance zone to $1.0650Hi folks today I'm prepared for you Euro analytics. If we look at the chart we can see how the price trades near the resistance zone (1.1120/1.1090) and then breaks the 2nd resistance level and starts to trades below. Some time later price declined a little more, but soon turned around and rose to the resistance zone, breaking resistance 1 one more time. Next, Euro continued to grow and reached the trend line, after which turned around and started to decline. In a shor time, the price broke resistance 1 again and continued to fall to another one resistance zone (1.0790/1.0760), which coincided with the current resistance level. When the price reached this zone, it at once rebounded and rose to the trend line, but soon fell back to the resistance area, after which made a strong upward movement, breaking the trend line. Euro rose to 1.0940 points, making a gap also, and then made a strong impulse down. Price broke resistance 1 and reached the trend line, but a not long time ago it rose to this level and now trades very close. In my opinion, EURUSD will enter to resistance zone and then rebound down. For this case, I set my goal at 1.0650 points. If you like my analytics you may support me with your like/comment ❤️
EURUSD: Market Is Looking Up! 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 1.08062
Wish you good luck in trading to you all!
EURUSD The Target Is UP! BUY!
My dear subscribers,
EURUSD looks like it will make a good move, and here are the details:
The market is trading on 1.0782 pivot level.
Bias - Bullish
My Stop Loss - 1.0748
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.0842
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.
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WISH YOU ALL LUCK
XAU/USD : Bullish Movement Ahead ? (READ THE CAPTION)Analyzing the #Gold chart on the 4-hour timeframe, we see that yesterday’s bearish trend played out as expected, hitting all downside targets at $2717, $2700, and $2686, even extending further to $2643. This aggressive decline resulted in over 1000 pips of movement within a single day.
Currently trading around $2670, gold faces a significant liquidity gap, and with the interest rate decision due tonight, I expect the price to recover and potentially fill this gap. Expect heavy market volatility—trade cautiously!
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 SELL | Idea Trading AnalysisEURUSD is moving on support zone
The chart is above the support level, which has already become a reversal point twice.
We expect a decline in the channel after testing the current level.
We expect a decline in the channel after testing the current level
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity EURUSD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ⚜️
EUR/USD tumbles below 1.0800 on Trump’s tariff planThe EUR/USD pair has declined amid a renewed demand for the US Dollar (USD) during Friday's Asian trading session. Additionally, Donald Trump's proposed tax increases have put pressure on the Euro (EUR) against the USD. Traders are now awaiting the US November Michigan Consumer Sentiment data for further market direction, along with a speech by Federal Reserve official Michelle Bowman later this week.
Looking at the technical chart, the EUR/USD pair is currently in a downtrend, trading around 1.0780, down 0.2%. With resistance at 1.080, the pair has faced difficulties and has dropped to the support level at 1.071. Given the current factors, there is a possibility that the EUR/USD pair could break this support level and continue moving lower.
Investors need to closely monitor economic data and comments from the Fed to catch any new signals from the market.
Fundamental Market Analysis for November 08, 2024 EURUSDEvents to pay attention to today:
17:00 EET. USD - UoM Consumer Sentiment
18:00 EET. USD - FOMC Member Michelle W. Bowman Speaks
EURUSD:
The EUR/USD exchange rate is declining towards 1.07800 due to increased demand for the US dollar during Asian trading hours on Friday. Furthermore, the prospect of increased tariffs under the Trump administration is exerting downward pressure on the euro relative to the US dollar. Analysts anticipate further market movements based on the release of the expanded Michigan consumer sentiment data for November, as well as a speech by Federal Reserve (Fed) chair Michelle Bowman on Friday.
As anticipated, the US Federal Reserve reduced its key interest rate by 25 basis points at its November meeting on Thursday. The US central bank is keen to avoid any further weakening of the labour market and still anticipates a gradual decline in inflation towards the Fed's 2% target. It is anticipated that the Fed will continue to reduce interest rates at forthcoming meetings, although the precise timing remains unclear. The Fed will continue to assess data in order to determine the appropriate pace and direction of interest rate cuts.
Mr. Trump has pledged to impose a 10% tariff on imports from all countries, which has exerted downward pressure on the euro. The European Union has the second-largest trade deficit with the United States in the world and is the largest exporter to the United States, according to JPMorgan.
Furthermore, the European Central Bank (ECB) is reducing interest rates at a faster pace than the Federal Reserve. This may result in a depreciation of the euro against the US dollar. The ECB has already reduced rates three times this year due to declining inflation risks in the Eurozone. Growing expectations of another rate cut are contributing to the euro's decline in the near term.
Trading recommendation: We follow the level of 1.08000, when fixing above it we consider Buy positions, when rebounding we consider Sell positions.
EURUSD 1.07813 -0.19% MULTI TF INTRADAY SET-UPHELLO TRADERS
Hope everyone is doing great
📌 A look at The EURUSD At the close of ASIA INTO THE LONDON, TO NY PM SESSION
- As we draw to the close of the week, looking for EU to close bullish In correlation with GU.
* on the 4H looking for a bearish open with the close of ASIAN SESSION.
* PO3
* Push LOWER before going for HIGHER structures LQ pull.
1 HOUR TF
* Looking for the mitigation of the bullish OB+.
* FVG below has already been mitigated.
* if this structure holds, looking for long entries to close the week.
* DXY 4H
* BASED on the price action served next session...
* We will see what does the market dish.
🤷♂️😉🐻📉🐮📈
HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK.
SEE YOU ON THE CHARTS.
IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE
SMASH THAT 🚀 & LEAVE A COMMENT.
ALWAYS APPRECIATED
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Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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LOVELY TRADING WEEK TO YOU!
EURUSD H1 | Bullish Reversal Based on the H1 chart analysis, we can see that the price is falling to our buy entry at 1.0753, which is a pullback support close to 50% Fibo retracement.
Our take profit will be at 1.0811, a multi-swing high resistance.
The stop loss will be placed at 1.0703, which is a pullback support level.
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EURUSD Asian Session Hi it looks like the price of the EURUSD has retraced back up and the US dollar has sold off. During this Asian session today, I have marked out some price levels on the chart that traders might be looking at. The time of writing is about 7:00 pm (GMT-8) Vancouver BC time, thanks!
#EURUSD - 08112024EURUSD made a perfect long as per plan given yesterday and it hit the price target, over a 100 pips higher, and it sold down 60 pips off the price target before recovering. Bearish sell down on Thursday followed by a recovery to my sell level yesterday. What's next?
I see a possible move for EURUSD to 1.0733 and then we see the reaction off the level; either a higher low for a move higher or a break and a move lower (as per the plan given yesterday). In a way, the move yesterday could be seen as a pullback. And market did sell down after hitting the price target so IMO sellers are present and so could see a move lower first.
EURUSD MA50 (4h) rejection gives one more buy opportunity.EURUSD got rejected today on the MA50 (4h), after the price bottomed yesterday near the lows of the Channel Down.
The rejection could technically be a final buy opportunity similar to the October 25th rejection, which lated resumed the uptrend and completed a +1.64% bullish wave.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 1.08550 (+1.64% from the low).
Tips:
1. The RSI (4h) crossed above the MA trend line, confirming that this is indeed a bullish wave.
Please like, follow and comment!!
Notes:
Past trading plan:
EUR/USD: Potential Decline Amidst US Dollar Strength and Econ...EUR/USD: Potential Decline Amidst US Dollar Strength and Economic Developments
As we delve into the forex markets, one of the most watched currency pairs, EUR/USD, is facing mounting pressures that could lead to further depreciation of the euro against the US dollar. A confluence of economic indicators, political shifts, and technical analysis suggests that the outlook for the euro may not be optimistic in the near term.
US Dollar: Strength from Political Winds
Recent trade activity surrounding the US dollar has gained traction, particularly as the Republican Party appears positioned to exercise substantial influence over the economic agenda. With a focus on implementing expansive tax cuts and trimming government spending, the potential for an invigorated US economy grows. This could lead to increased investor confidence in the greenback, bolstering demand and ultimately driving the EUR/USD pair lower.
Moreover, support for the US dollar may be further fortified by upcoming economic announcements. Today's schedule is packed with significant economic data, including the unemployment claims, the Federal Funds Rate decision, the FOMC Statement, and the FOMC Press Conference. Each of these factors will provide insight into the health of the US economy and the potential direction of monetary policy, likely impacting the dollar's trajectory.
Impact of Trump Tariffs on Europe
The economic climate in Europe could face challenges as the repercussions of Trump-era tariffs continue to reverberate. Concerns regarding sluggish growth rates in key Eurozone economies may prompt the European Central Bank (ECB) to adopt an even more accommodative stance. Analysts speculate that the ECB could consider cutting interest rates to near zero by 2025 if economic expansion remains tepid. Such a move would further weigh on the euro, making it less attractive to investors compared to a potentially rising dollar.
Technical Analysis: Possible Demand Area
From a technical perspective, the EUR/USD pair appears to be approaching another critical demand area. Recent Commitment of Traders (COT) data highlights a contrasting sentiment in the market, with retail traders predominantly holding bearish positions, while "smart money" seems to be accumulating long positions. This divergence can be a strong indicator of upcoming price movements.
Analysis of the daily footprint suggests that the price has recently reached and confirmed this demand zone, which may provide a potential reversal opportunity. In line with seasonal forecasting, traders may want to keep an eye on historical patterns that indicate a possible bullish surge.
Daily Footprint 6E1!
Crafting a Trading Plan
Given the myriad of factors at play, traders should align their strategies with their trading rules and risk tolerance. As the economic landscape evolves, the decisions made in the coming days and weeks will be crucial.
Monitor Economic Data: Pay close attention to today's economic releases. Positive data could further bolster the USD, while any sign of weakness in the Eurozone could hasten the depreciation of the euro.
Watch Technical Indicators: Keep an eye on key support and resistance levels. A sustained move below the current demand area could signal a bearish continuation.
Consider Seasonal Trends: Be aware of seasonal patterns that might indicate a potential bullish retracement. Market dynamics can shift quickly, so having a flexible plan is essential.
In conclusion, while the EUR/USD pair is currently under pressure, the interplay between political developments, economic indicators, and technical signals may create opportunities for discerning traders. Staying informed and adaptable is key as the market navigates through this evolving landscape.
Previous Idea closed:
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EURUSD: Market Is Looking Down! 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 1.07391
Wish you good luck in trading to you all!
#EURUSD 1DAYEURUSD Daily Analysis
The EURUSD pair has broken below a key trendline on the daily chart, which has now turned into a resistance level. This trendline breakdown signals potential bearish momentum, as the price is likely to face selling pressure if it attempts to retest this new resistance area.
Technical Outlook:
- Pattern: Trendline Breakdown, now Resistance
- Forecast: Bearish (Sell Opportunity)
- Entry Strategy: Sell near the trendline, now acting as resistance
Traders may consider selling on any retests of the trendline resistance, with targets set at lower support levels. For additional confirmation, indicators such as RSI reflecting bearish conditions or MACD showing downward momentum can strengthen the setup, supporting the bearish forecast for EURUSD.