EURUSD Will Move Lower! Short!
Please, check our technical outlook for EURUSD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.038.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.035 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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EURUSD
EURUSD Trading Opportunity! BUY!
My dear subscribers,
My technical analysis for EURUSD is below:
The price is coiling around a solid key level - 1.0375
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.0389
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
HelenP. I Euro will correct to support level and then start growHi folks today I'm prepared for you Euro analytics. Some time ago, the price rose close to the resistance level but then made a small correction. After that, it quickly climbed to the resistance level again. The Euro broke this level, which coincided with the resistance zone, and traded near it for some time before breaking it once more and starting to decline. In a short time, the price dropped to 1.0380 and then rebounded back to the resistance level, after which it reversed and continued to decline. Soon, the price reached the support level, which coincided with the support zone, broke it, and made a strong gap down, falling to the trend line. Then, the Euro started to move up within a pennant pattern, where the trend line acted as a support. Soon, the Euro reached the support level and broke it once again, then made a retest and continued moving higher. Later, it climbed to the resistance line of the pennant pattern, turned around, and quickly fell to the support level before resuming its upward movement. Currently, the price is trading near the trend line, and I expect EURUSD, after a break out of the pennant, to correct to the support level. After that, it may reverse and start rising toward the resistance level. In this scenario, my target is set at 1.0465 level. If you like my analytics you may support me with your like/comment ❤️
EURUSD Will Go Lower! Sell!
Take a look at our analysis for EURUSD.
Time Frame: 15m
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 1.041.
The above observations make me that the market will inevitably achieve 1.038 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
EURUSD 7 Feb 2025 W6 - Intraday Analysis - NFP Day!This is my Intraday analysis on EURUSD for 7 Feb 2025 W6 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment
4H Chart Analysis
15m Chart Analysis
Market Sentiment
Investors remain cautiously optimistic, balancing solid underlying economic data with persistent concerns over geopolitical tensions and trade disruptions.
Federal Reserve Outlook:
Market participants expect the Fed to maintain its cautious stance. Future monetary policy decisions will likely be data-dependent, especially as the central bank closely monitors inflation trends influenced by tariff-induced cost pressures.
Global Impact:
International markets are bracing for mixed outcomes. Trade tensions and the ripple effects from tariffs on major partners are expected to create uneven performance across regions, with Europe and Asia particularly in focus as they adjust to shifting supply chain dynamics.
Below is an assessment of the potential impact of today's USA Non-Farm Payroll (NFP) report, given the prevailing market sentiment:
Strong NFP Data:
A robust jobs report is likely to bolster the U.S. dollar, as improved employment figures can reinforce expectations for a tighter monetary policy by the Federal Reserve.
This outcome could increase investor confidence in the domestic economy; however, given existing trade tensions and geopolitical uncertainties, the upside for risk assets might be tempered by renewed concerns about inflationary pressures.
Weak NFP Data:
A disappointing jobs report may weaken the U.S. dollar, as softer employment data could lead to expectations of a more accommodative Fed policy in the near term.
This scenario might trigger heightened market volatility, with investors shifting toward safe-haven assets like U.S. Treasuries and gold, reflecting an amplified risk-off sentiment.
4H Chart Analysis
1️⃣
🔹Swing Bullish
🔹INT Bearish
🔹Reached Swing Extreme Demand
🔹Swing Continuation
2️⃣
🔹With the deep pullback to the Bullish Swing extreme discount and mitigating the 4H/Daily demand zones, price turned Bullish forming a Bullish CHoCH.
🔹The current Bullish move from Swing extreme discount to current price level having 2 scenarios:
Scenario 1: Pullback for Bearish INT Structure and we would expect Bearish continuation to target the Weak INT Low which aligns with the Daily/Weekly Bearish Structure/Move. (Counter Swing – Pro Internal)
Scenario 2: Bullish Swing continuation to target the Weak Swing High. (Pro Swing – Counter Internal)
🔹With Today NFP, news volatility will determine for me for next week a clear direction.
3️⃣
🔹Expectations is set to Bearish to target the Weak INT Low.
15m Chart Analysis
1️⃣
🔹Swing Bearish
🔹INT Bearish
🔹Swing Continuation
2️⃣
🔹Price reached the Weak Swing High (4H CHoCH) sweeping the liquidity and turning INT structure to bearish with iBOS.
🔹Technically on the 15m I’d expect price to continue bearish following the Bearish Swing and INT structures which aligns with the 4H Bearish INT Structure continuation to target the Weak INT Low.
🔹My concern is that the 4H Swing is Bullish, we mitigated the extreme discount and currently in the continuation to target the 4H Weak Swing High.
🔹I prefer to follow the 15m current bearish Structure till we align the 15m Swing with the 4H Swing.
3️⃣
🔹Expectation is for price to continue Bearish targeting the 15m Weak Swing Low
Levels discussed on Livestream 6th Feb 20256th Feb 2025
DXY: Retracing from 107 support area, look for reaction between 107.90 and 108.30, above 108.30 could trade up to 109.
NZDUSD: Sell 0.5640 SL 20 TP 50
AUDUSD: Buy 0.6280 SL 30 TP 80 (hesitation at 0.6330)
GBPUSD: Straddle Rates Decision Pending
Sell 1.2430 SL 30 TP 100
Buy 1.2510 SL 30 TP 100
EURUSD: Sell 1.0320 SL 30 TP 90
USDJPY: Buy 153.65 SL 40 TP 90
EURJPY: Sell 157.75 SL 40 TP 120
GBPJPY: Sell 189.70 SL 50 TP 145
USDCHF: Sell 0.90 SL 25 TP 80 (hesitation at 0.8975)
USDCAD: Buy 1.44 SL 30 TP 60
XAUUSD: Retracing, could test 2840 (50%) and bounce higher to 2900
The Friday Forecast; Best Setups Frr Feb 7This market outlook will cover 15 markets:
ES \ S&P 500
NQ | NASDAQ 100
YM | Dow Jones 30
GC |Gold
SiI | Silver
PL | Platinum
HG | Copper
USD Index
EURUSD
GBPUSD
AUDUSD
NZDUSD
CAD, USDCAD
CHF, USDCHF
JPY, USDJPY
Non Farm Payroll news tomorrow! This is likely to inject a lot of volatility into the markets.
I recommend to wait until after the news is announced before executing on any trades. You never know where the market will go!
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
GBP/JPY: Finally, the Rate Cut Has Arrived!GBP/JPY is facing significant bearish pressure, with the price dropping to around 188.40 in the recent sessions on February 6, 2025. The main catalyst behind this trend has been the Bank of England’s interest rate cut of 25 basis points, bringing it down to 4.5%. This decision has intensified the weakness of the British pound, prompting investors to liquidate long positions and fueling the strong decline in the pair. The market is now pricing in the possibility of further rate cuts in the coming months, which keeps sentiment firmly bearish.
From a technical perspective, the breakdown below the key level of 190.50 has confirmed the loss of bullish momentum. Even the recovery attempts seen in previous days, such as the rebound to 193.00 on February 4, have proven weak and incapable of reversing the primary trend. The current phase of weakness could lead the pair to test further lower support levels, with 187.50 and then 185.80 as possible bearish targets unless there is a positive reaction from the pound.
On the macroeconomic front, the divergence between the BoE and the Bank of Japan could theoretically provide some medium-term support for the pound, given that the BoJ continues to maintain an ultra-loose monetary policy. However, the market currently seems more focused on the deteriorating economic outlook for the UK and the increasing likelihood that the BoE will continue cutting rates, enhancing the yen’s appeal as a defensive asset. If risk-off sentiment intensifies, we could see an acceleration of the bearish trend in GBP/JPY, especially if the global market enters a more pronounced risk-averse phase.
Bullish bounce?EUR/USD is has bounced off the support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could rise from this level to our take profit.
Entry: 1.0354
Why we like it:
There is an overlap support level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 1.0290
Why we like it:
There is a pullback support level that lines up with the 61.8% Fibonacci retracement.
Take profit: 1.0455
Why we like it:
There is an overlap resistance level that is slightly below the 78.6% Fibonacci retracement.
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XAU/USD: A Possible Correction? (Read the caption.)Analyzing the gold chart on the 30-minute timescale reveals that, as expected, the price corrected to $2858 following yesterday's study. However, it rapidly recovered, gaining 240 pips to set a new all-time high of $2882.
Today, we finally had a pullback from $2882 to $2848, and gold is currently trading around $2868. If the market manages to stabilize below $2873.5 and is strongly rejected from this level, we may witness a fall down to depths under $2850.
With increasing market volatility and important macroeconomic events on the horizon, traders should exercise caution. Price activity near these levels will be key in deciding the next move, as gold responds to fundamental variables such as inflation data and geopolitical developments. Monitoring price activity near support and resistance levels will be critical for spotting potential trading opportunities.
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By Nexus Trades Zone
EURO - Price can leave pennant and rise to $1.0500 pointsHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Recently price entered to rising channel and soon reached resistance line, after which fell below.
Next, price rose to $1.0455 level, and then corrected to support line, after which bounced up and broke $1.0455 level.
Then Euro reached resistance line of channel and then started to decline, making a first gap and dropped to resistance area.
Price exited from channel, breaking $1.0455 level, and continued to fall inside pennant, where it fell to $1.0210 points.
Before this, price made a strong second gap, and then quickly rose to resistance line breaking $1.0455 level.
I think that Euro can bounce up from pennant to $1.0500, breaking resistance level and exiting from this pattern.
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EURUSD: Growth & Bullish Forecast
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current EURUSD chart which, if analyzed properly, clearly points in the upward direction.
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EURUSD - Possible ScenariosWe analysed EURUSD few days back and it was showing a bearish move which has been completed. Price has recovered well and now looking for a next break. Above are the 2 possible scenarios along with support and resistance levels.
For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management.
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Disclaimer: This content is intended for educational purposes only and does not constitute financial advice.
DXY - Looking to Big PictureWhen we look back, when Trump first came, Dxy showed a 5.5% increase, Dxy goes to 103.5. And Trump Dxy is too expensive, the dollar is too expensive, it should fall, the statements started. Then Dxy's 14% decrease went to 88.5. Now Dxy is around 102.
I bought it directly as a fractal from August 15, 2016. If Dxy comes to around 104 until the election, the rapid increase with Trump's arrival corresponds to 110s. It has been an expected area for a long time and when Trump Dxy is at 110s, similarly, if the decrease starts with him saying the dollar is too expensive, it goes to 94s, fractal.
Here, my hopes begin and I say that it is still expensive at those levels, we will go down to 86s. This means a 4-year never-ending mega bull.
I applied the same fractal to the euro, and the much-anticipated 1.02s are here again. If I can get a fund, I will look for swing shorts at 1.12s. The fractal and events looked pretty good to me. It also fit the channel nicely.
FX:EURUSD
EUR/USD : More Fall Ahead? Let's See! (READ THE CAPTION)By analyzing the EUR/USD chart on the three-day timeframe, we can see that the price was rejected from the 1.053 level, as per our main analysis, leading to a decline of over 300 pips down to 1.021.
Currently, EUR/USD is trading around 1.036, and if the price stabilizes below 1.042, we can expect further downside movement. Keep an eye on the price reaction to the key levels marked on the chart!
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
EUR/USD : Get Ready for the next Bearish move (READ THE CAPTION)By analyzing the #EURUSD chart on the 3-day timeframe, we can see that after rising to the upper limit of the supply zone at 1.046 - 1.055, the price has finally corrected and is currently trading around 1.042. If the price stabilizes below this level, we can expect further declines in EURUSD.
However, keep in mind that in about 2.5 hours, we have the significant CB Consumer Confidence report, which could strongly impact the market!
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