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EURUSD

Forex Traders Await the Fed's DecisionForex Traders Await the Fed's Decision The Federal Reserve is set to announce its interest rate decision today at 21:00 GMT+2, with Fed Chair Jerome Powell holding a press conference 30 minutes later. According to Forex Factory, the market expects a rate cut to 4.25%-4.50% from the current 4.50%-4.75%. Analysts at Apollo Global Management, in their Economic Outlook, predict: → In 2025, the Fed will continue lowering rates but at a slower pace than the market anticipates; → By the end of 2025, the rate is expected to settle at 4.0%. In anticipation of today's decision, the currency markets are experiencing a period of calm. The technical analysis of the EUR/USD chart shows that the pair consolidates between the upper boundary of a descending channel and the lower black support line, forming a narrowing triangle pattern (highlighted in purple). Today's Fed meeting could trigger a surge in volatility, potentially driving sharp movements in USD pairs. For EUR/USD, opposite scenarios are possible: → An upward movement with a bullish breakout of the upper boundary of the long-term descending channel; → Continuation of the downtrend with a breakout below the lower black support line. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
2
EURO - Price can continue to decline inside falling channelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price broke $1.0560 level and fell to support line, after which rose to resistance line and continued to fall. Then price made a gap and fell to support level, after which some time traded near and then made upward impulse. Price broke resistance line with resistance level, and rose to $1.0630 points, but then it started to fall. In falling channel, price broke $1.0560 level again and fell to support area, after which bounced up, making a fake breakout. Next, Euro started to grow and now it continues to move up, therefore I think it can almost reach resistance line. After this, price can turn around and start to fall to $1.0470 support level inside falling channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
12
EURO - Price can bounce up from support level to $1.0650Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A few moments ago price declined inside falling channel, where it fell from resistance line to $1.0765 level. Then price rose to resistance line of channel, making first gap and then making a downward impulse, exiting from channel. Also then, EUR continued to decline inside a downward pennant, where it broke $1.0765 level and later fell to $1.0470 level. Next, price declined to support line of pennant, after which made a second gap and rose to resistance line of pennant, After this, Euro declined to $1.0470 level and some time traded near, but now it trades close support line. Possible, price can fall to support level, exiting from pennant and then bounce up to $1.0650 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
Bearish drop?The Fiber (EUR/USD) has reacted off the pivot and could drop to the pullback support. Pivot: 1.0531 1st Support: 1.0452 1st Resistance: 1.0598 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
2
NZDUSD H1 Short At Market TP +100 pips🔸Hello traders, let's review the H1 chart for NZDUSD today. Price contained withing sliding bear channel previously rejected multiple times from overhead resistance. 🔸Currently expecting price to clear S/R and complete the break of structure pattern near 5820 then dump to 5750 / 5700. 🔸Previously rejected from overhead resistance, sequence of lower highs in progress and expecting yet another rejection into double top and also re-action with the bear channel. 🔸Recommended strategy for NZDUSD traders: short at market now, SL 40 pips TP1 +60 pips TP2 +100 pips final exit at 5750. good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! 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.
Short
by ProjectSyndicate
12
EUR/USD: Poised for a Reversal?On November 23, FOREXCOM:EURUSD broke below the critical 1.05 support zone, reaching a low of 1.0336. However, the pair quickly reversed course and has since been trading in a range between 1.0450 and 1.06. A closer look at the price action suggests the pair has established a strong floor and is awaiting a catalyst for an upward reversal. That catalyst could very well come today, with the anticipated Federal Reserve rate cut and subsequent press conference. Given the accumulated market tension, an accelerated move to the upside seems likely. Key Levels to Watch : Support: Any dips below 1.05 should be viewed as buying opportunities, with the potential for a rebound. Resistance: A target around 1.0750 appears realistic in the current context. Invalidation Level: If the price falls back below 1.04, this bullish scenario would be negated.
Long
by Mihai_Iacob
EURUSD H4| Falling from 61.8% Fibo?Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.0552, which is a pullback resistance close to a 61.8% Fibonacci retracement. Our take profit will be at 1.0453, a swing low support level. The stop loss will be at 1.0628, a swing high resistance level. 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. 64% 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. 66% 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.
Short
by FXCM
#EURUSD - 18122024I was bullish EURUSD yesterday but it made a new high then came down to level below, before recovering but closing with a bearish candle. Is the highs in? Or is this just a pullback for another leg higher. This IMO, is a tricky question. With yesterday's bearish candle, I do see a move lower. Thus a possible scenario, if I am overall bullish, would be, for price to come down to clear the lows, before buyers come in and bring this higher. 1.0468 is thus a good level to go long off. However, if price continues up from here, I would be wary of a pullback from a resistance above and 1.0516 is such a level. Of course, it can trade to 1.0516, sell down to 1.0468 then rally up to close green.
by FadeMeIfYouCan
Oil Market Analysis - 17/12/2024The oil market is currently under pressure, with WTI down to $69.30 and Brent at $72.66. The main causes are: Pemex Production Recovery: Oil platforms in the Gulf of Mexico have returned to full capacity after improved weather conditions and the end of the hurricane season. This has increased available supply, partially offsetting the decline in Russian production. Decline in Russian Crude: Russian maritime oil exports have fallen by 11% since October due to maintenance at a key terminal. This has temporarily limited flows but has not significantly supported prices due to increased production from other sources like Pemex. Strengthening US Dollar: The Dollar Index (DXY) is around 107.00, gaining strength thanks to preliminary US PMI data for December, which signals the fastest economic growth in 33 months, driven by the services sector. A strong dollar negatively impacts oil, making it more expensive for buyers using other currencies. API Expectations: Crude inventory data from the API, scheduled for 21:30 GMT, could add volatility. Last week, there was a build of 0.499 million barrels. EU Sanctions: The EU has imposed sanctions on a Dutch trader involved in trading Russian oil above the price cap. The impact on volumes remains limited for now. Oil Technical Analysis Price Range: Oil is trading within a range between $67.00 (support) and $71.50 (upper resistance), with this band likely extending into January 2025. Resistance: The key resistance is located at $71.03 (100-day SMA) and $71.46, where prices encountered selling pressure last week. A breakout above $71.03 could push prices toward $75.27, but caution is needed for quick profit-taking as the year-end approaches. Support: The first solid support is at $67.12, a level that held prices in May-June 2023. A break below could see crude testing the 2024 yearly low at $64.75 and then $64.38, the 2023 low.
TVC:USOILLong
by Forex48_TradingAcademy
1
Apple Earnings Boost Stock to 182 ? Reasons Why Apple’s Fiscal 2024 First Quarter Results: Apple reported its financial results for the first quarter of fiscal year 2024, which ended on December 30, 2023. Here are the key highlights: Revenue: The company posted quarterly revenue of $119.6 billion, representing a 2 percent year-over-year increase. Earnings Per Share (EPS): Quarterly earnings per diluted share reached $2.18, marking a 16 percent year-over-year growth. Services Revenue: Apple achieved an all-time record in services revenue during this quarter. Active Devices: The installed base of active Apple devices surpassed 2.2 billion, reaching an all-time high across all products and geographic segments. Cash Flow and Dividends: Apple generated nearly $40 billion of operating cash flow and returned almost $27 billion to shareholders. The company’s board of directors declared a cash dividend of $0.24 per share of common stock, payable on February 15, 2024. Long Idea and Earnings Impact: While the earnings report reflects strong performance, it’s essential to consider the broader market context and analysts’ expectations. Analysts estimate an average EPS of $1.41 for Apple’s second quarter of 2024, with a range between $1.32 and $1.45. As an investor, you might want to assess factors such as: iPhone Sales: The growth in iPhone sales significantly contributed to Apple’s revenue. Monitor iPhone demand trends and product launches. Services Segment: Services revenue hit a record high. Evaluate the sustainability of this growth. Margin Expansion: The all-time record EPS resulted from margin expansion. Understand the drivers behind this improvement. Dividends: Apple’s consistent dividend payments provide income for long-term investors.
NASDAQ:AAPLLong
by NYRUNSGLOBAL
Meta Stock Could Reach $520 by July 2024 Earnings ReportNASDAQ:META Why Meta Stock Could Reach $520 by July 2024 Earnings Report Meta Platforms, Inc., formerly known as Facebook, has been making significant strides in its business operations, which could potentially drive its stock price to $520 by the time of its July 2024 earnings report. Here are some key reasons: 1. Strong Performance in Q1 2024 Meta reported a robust first quarter in 2024, with revenue soaring 27% to $36.4 billion compared to the same period last year1. Net income also saw a substantial increase of 117% to $12.4 billion. This strong financial performance indicates a healthy growth trajectory for the company. 2. Significant Investment in AI CEO Mark Zuckerberg has announced plans for significant investment in artificial intelligence2. While this initially caused a 12% slump in the META stock price, it’s a strategic long-term investment that could potentially drive future growth and profitability. 3. Positive Stock Forecasts Analysts have made positive predictions about Meta’s stock price. For instance, WalletInvestor forecasts a price of $517.58, while TipRanks predicts a price of $547.45. These predictions suggest a potential for the stock price to reach $520. 4. Expected Growth in Q2 2024 Meta’s CFO has projected total revenue for Q2 2024 to be in the range of $36.5-39 billion. This expected growth could further boost investor confidence and drive up the stock price. 5. Long-Term Growth Potential Meta has demonstrated a long-term growth potential, with its stock price rising 110% from $209.40 to $441.38 in the 12 months leading up to April 25, 2024. This trend suggests that the company has the potential to reach the $520 mark by July 2024.
NASDAQ:METALong
by NYRUNSGLOBAL