EURNZD Analysis , Support Bounce and Bullish PotentialEURNZD is currently trading at 1.83300, with a target price of 1.89000. This suggests a potential upward movement of 500+ pips. The price is bouncing off a strong support level, indicating a possible bullish reversal. The support and resistance pattern highlights key price zones where buying and selling pressure increase. A successful bounce from support strengthens the bullish outlook. Traders anticipate the price moving towards the next resistance level at 1.89000. Confirmation through candlestick patterns and volume analysis is essential. Risk management should include a stop-loss below the support level. Fundamental factors like interest rate decisions can impact price action. Monitoring market sentiment and economic news is crucial for trade execution.
EURUSD
EURUSD - Short Scalp (ICT Concepts)Short scalp on EURUSD using ICT Concepts amongst my own methodologies.
Apologies for no sound, error with the microphone.
Was either expecting a bounce at this iFVG 12h highlighted in maroon, or lower prices. Resistance at the upper threshold of the iFVG indicates resistance, following by CPDAs. Decided to change my buy stop order to market sell.
- R2F Trading
Fundamental Market Analysis for February 6, 2025 EURUSDThe euro is trying to consolidate after breaking a six-day losing streak, with EUR/USD still holding at 1.0400.
US employment change data from ADP showed stronger-than-expected results for January, with a net increase in the number of people employed coming in at 183k, beating the expected decline to 150k from December's revised 176k. While the ADP jobs data unreliably predicts the US Non-Farm Payrolls (NFP) data expected later in the week, the increase bolsters investor confidence that the US economy remains on solid ground.
Early Thursday will see the release of pan-European retail sales data for December. Median forecasts expect the figure to rise to 1.9% y/y, up from 1.2% in the previous period. However, the month-on-month figure is expected to fall to -0.1% from 0.1%.
The most important release this week will be the US Non-Farm Payrolls (NFP) report on Friday. Investors expect the January NFP to fall to 170k from December's 256k. Traders will also be watching for revisions to previous months' data. Those expecting a rate cut are becoming increasingly frustrated with the sustained strength of the US economy as labour statistics are often revised upwards.
Trade recommendation: Watch the level of 1.0370, when fixing below consider Sell positions, when rebounding consider Buy positions.
eurusd short sell at market tp 0140 +240 pips🔸Hello traders, let's review the h2 chart for EURUSD today.
Completed gap fill and triggered fresh liquidity with sl cluster
liquidations near 0400, right now reversal in progress expect dump.
🔸Gapped down at weekly open, gap fill completed now expecting
the dump to resume targeting fresh OB liquidity at 0140. market now
is 0370. 250 pips downside remains on sell side.
🔸Recommended strategy for EURUSD traders: short sell at market
TP1 +120 pips TP2 +240 pips final exit 0140. Expecting dump into
NFP this Friday. good luck traders!
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EUR/USD Rises as Dollar Weakens Amid Trade War ConcernsThe euro climbed above $1.04 as a weaker dollar and Trump’s tariffs fueled economic concerns. China retaliated with its own levies, escalating trade tensions. Meanwhile, Eurozone business activity rebounded after two months of decline. The ECB cut rates and hinted at more easing in March, with US tariffs potentially pressuring it to loosen policy further. Investors now expect the ECB’s deposit rate to fall to 1.87% by December.
From a technical perspective, the first resistance level is at 1.0400, with further resistance levels at 1.0460 and 1.0515 if the price breaks above. On the downside, the initial support is at 1.0350, followed by additional support levels at 1.0220 and 1.0180.
Levels discussed on Livestream 5th Feb 20255th Feb 2025
DXY: Trading lower, needs to break 107.50 to retest 107 round number support level.
NZDUSD: Wait and look for reaction at 0.57 resistance area
AUDUSD: Buy 0.6280 SL 25 TP 80 (hesitation at 0.6325)
GBPUSD: Buy 1.2530 SL 30 TP 80
EURUSD: Sell 1.0440 SL 30 TP 100
USDJPY: Looking for reaction at current support level. Buy 154.10 or Sell 152.30 (SL 40 TP 120)
EURJPY: Buy 160.10 SL 60 TP 120
GBPJPY: Nothing for now
USDCHF: Downside to 0.8980, no H1 setup
USDCAD: Sell 1.4280 SL 40 TP 150
XAUUSD: Hit my TP at 2865, could retrace to 2841 before trading higher again to maybe 2900
EURUSD H1 | Bearish Drop Based on the H1 chart, the price has just reacted off our sell entry level at 1.04025, a pullback resistance. This area is expected to serve as a potential reversal point in the bearish setup.
Our take profit is set at 1.03445, pullback support, where price may encounter buying interest.
The stop loss is placed at 1.04498, just above the previous swing high, ensuring sufficient room for price fluctuations while maintaining the bearish outlook.
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Falling towards 38.2% Fibonacci support?The Fiber (EUR/USD) is falling towards the pivot and could bounce to the pullback resistance.
Pivot: 1.0357
1st Support: 1.0291
1st Resistance: 1.0462
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EUR/USD Faces a New Neutral MovementThe latest movements in the EUR/USD pair have been highly indecisive in the short term, with strength constantly shifting between the U.S. dollar and the euro. This is due to the increasingly neutral stance of both currencies, fueled by the ongoing tariff-related turmoil from the White House. Initially, these policies significantly strengthened the U.S. dollar, but confidence in the euro has gradually returned as the market begins to view Trump’s approach as a negotiation tactic rather than a policy with long-term economic consequences.
As a result, short-term dollar weakness has become evident, and the DXY index, which tracks dollar strength, has already accumulated a decline of over 2% in the past three trading sessions.
Neutrality Increases
At the moment, EUR/USD has been testing the key barrier at 1.04061 , which aligns with the 50-period moving average and the Ichimoku cloud resistance in the short term.
Additionally, the TRIX indicator line has oscillated toward the neutral 0 level , reflecting a state of equilibrium in the average of recent market movements.
This key barrier and the neutrality observed in the TRIX suggest that the pair remains firmly in a neutral stance in the short term. As long as the price does not break away from the 1.04061 zone , it is unlikely that a clear trend will emerge in EUR/USD.
Key Levels:
1.05994: The most important resistance level in the short term, coinciding with the previous December highs. A breakout above this level would strengthen bullish momentum and increase the probability of a larger uptrend formation.
1.02290: A critical support level, marking the lowest point reached by the pair in the last two months. A bearish break below this level could restart the downtrend that had been in place since September 2024.
As a reminder, if price movements continue hovering around the 1.04061 barrier, the current sideways range may still have room to extend further.
By Julian Pineda, CFA - Market Analyst
GBPUSD WGBP/USD jumped to the 423% Fibonacci level, breaking the weekly trendline and attempting a new high. However, the time cycle and structure are not yet complete. The market may create fake zones to trap liquidity before completing the structure. A sharp drop is possible, depending on the duration of the sideways movement. If the sideways phase breaks all previous highs, the market could turn bullish. However, the bearish structure is still in progress.
Bearish reversal?EUR/USD is rising towards the resistance level which is an overlap resistance that is slightly below the 78.6% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.0452
Why we like it:
There is an overlap resistance level that is slightly below the 78.6% Fibonacci retracement.
Stop loss: 1.0523
Why we like it:
There is a pullback resistance level.
Take profit: 1.0345
Why we like it:
There is a pullback resistance level.
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EURUSD On The Rise! BUY!
My dear followers,
This is my opinion on the EURUSD next move:
The asset is approaching an important pivot point 1.0256
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 - 1.0358
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
EUR/USD Consolidates, Upside LimitedThe EUR/USD pair is struggling to sustain its recovery from the 1.0200 area, the lowest since January 13, and is fluctuating near Wednesday’s weekly high around 1.0375-1.0380, showing little change amid mixed economic signals.
Tuesday’s JOLTS report signaled a US labor market slowdown, reinforcing expectations of two Fed rate cuts this year. A risk-on mood keeps the USD near its weekly low, supporting EUR/USD, but concerns over potential US tariffs on EU goods and the ECB’s dovish stance, despite a 2.5% YoY rise in Eurozone HICP for January, limit upside potential.
Traders await the final Eurozone Services PMI, while the US calendar features the ADP private-sector employment report, ISM Services PMI, and Fed speeches, influencing USD demand. However, Friday’s US NFP report remains the key focus.
Technically, resistance levels are at 1.0410, 1.0460, and 1.0515, while support stands at 1.0350, 1.0220, and 1.0180.
DeGRAM | EURUSD trying to get out of the channelEURUSD is above the descending channel between the trend lines.
The price is moving from the dynamic support.
The chart has exited the descending channel and is now holding above the 62% retracement level.
We expect the growth to continue if the price can consolidate above the current retracement level.
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Euro can fall to buyer zone and then start to move upHello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price started to trades inside the range, where it at once dropped below the resistance level, breaking it. But soon Euro backed up, making a fake breakout with the first gap and later reaching the top part of the range. Next, the price started to decline and soon fell to the 1.0465 level, broke it, and exited from the range, continuing to decline inside the downward channel. In the channel, the Euro fell to the support line and then in a short time rose to the resistance line, rebounded, and fell to the buyer zone, breaking the support level. After this movement, the price turned around and started to move up, so soon, it rose to the resistance line, breaking the support level again and later Euro exited from the channel. Next, the price continued to move up and rose to 1.0530 points, breaking the resistance level, but soon it turned around and dropped to the support level, making a second gap. At the moment, the price is trying to grow, for this case, I think that the Euro will fall to the buyer zone and then rebound up, therefore I set my TP at 1.0375 points. Please share this idea with your friends and click Boost 🚀
Gold’s Got Game!Gold’s Got Game: Why This Metal’s Making Fiat Look Like Monopoly Money 🤑
Introduction
Gold isn’t just shiny—it’s sassy. While fiat currencies are busy falling apart like a cheap IKEA table, gold’s over here flexing in style. The chart? Oh, it’s a thing of beauty—a perfectly behaved ascending channel, the kind that makes traders weak in the knees. But wait, there’s more! Let’s dig into why gold’s the MVP of this market. Spoiler: It doesn’t involve a billionaire tweeting 🚀.
Trendlines So Sexy, They Should Be Illegal
Look at that chart. Just LOOK at it. Perfect lines, clean swings, and a channel that’s so disciplined it could teach your trading account some manners. Gold’s not just going up—it’s strutting. This isn’t your everyday pump-and-dump nonsense; this is a long-term glow-up.
Gold’s Secret Sauce 🍯
Why is gold moonwalking its way to the top? Glad you asked:
Inflation’s Revenge 😡
Central banks printing money faster than you can say “quantitative easing”? Classic. Every dollar you hold is depreciating, but gold? It’s sipping tea, whispering, “Stay poor, fiat.”
Geopolitical Chaos 🎭
From trade wars to actual wars, the world’s on fire 🔥, and gold is the fireproof safe. Every time a headline screams “uncertainty,” gold gains another point.
Chart Patterns: Gold's Glow-Up Timeline 🌟
The Breakout Bounce (Feb–May): A breakout so clean it probably eats kale salads. Gold smashed through resistance and said, “Later, losers.”
The Mid-Year Flex (June–August): A pullback? Sure. But even then, it respected the channel like a disciplined trader.
The Current Power Move (Feb 2025): Now we’re seeing that next-level push, eyeing $2,900 like it’s a Black Friday sale.
And let’s not ignore the elephant in the room: that arrow aiming straight for the top. Whoever drew it, we get it. Moon or bust 🚀.
The Real Question: Are You Late to the Party? 🥳
Short answer: Nope. Long answer: If this channel holds (and it’s been rock-solid so far), gold’s got room to run. But don’t just take my word for it—check the fundamentals. Oh wait, they’re screaming “BUY” too. 😏
Gold isn’t just moving—it’s making a statement. In a world full of financial chaos, it’s the one asset that doesn’t flinch. While fiat currencies play hot potato, gold’s over here saying, “Come at me, bro.” So, are you going to keep watching from the sidelines, or are you ready to get in the game? Your move.
Gold’s making moves, and the chart isn’t lying. So, are you ready to listen—or are you still clinging to that “cash is king” nonsense? 🤔
Market Analysis: EUR/USD RecoversMarket Analysis: EUR/USD Recovers
EUR/USD started a fresh increase above the 1.0310 resistance.
Important Takeaways for EUR/USD Analysis Today
- The Euro started a decent recovery wave from the 1.0210 zone against the US Dollar.
- There was a break above a connecting bearish trend line with resistance at 1.0340 on the hourly chart of EUR/USD at FXOpen.
EUR/USD Technical Analysis
On the hourly chart of EUR/USD at FXOpen, the pair started a recovery wave after a major decline, as mentioned in the last analysis. The Euro cleared the 1.02700 resistance to move into a short-term bullish zone against the US Dollar
The bulls pushed the pair above the 50-hour simple moving average and 1.0310. The pair cleared the 50% Fib retracement level of the downward move from the 1.0467 swing high to the 1.0210 low.
Besides, there was a break above a connecting bearish trend line with resistance at 1.0340. Immediate resistance on the EUR/USD chartis near the 1.0390 zone. The first major resistance is near the 1.0410 level and the 76.4% Fib retracement level of the downward move from the 1.0467 swing high to the 1.0210 low.
An upside break above the 1.0410 level might send the pair toward the 1.0465 resistance. The next major resistance is near the 1.0500 level. Any more gains might open the doors for a move toward the 1.0550 level.
Immediate support on the downside is near the 1.0340 level. The next major support is the 1.0310 level. A downside break below the 1.0310 support could send the pair toward the 1.0270 level. Any more losses might send the pair into a bearish zone toward 1.0210.
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DeGRAM | EURUSD bounced from supportEURUSD is in a descending channel between trend lines.
The price is moving from the support level and the lower trend line, and is now holding in the channel and above the 38.2% retracement level.
The chart formed a harmonic pattern while reaching support.
We expect the bounce to continue.
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Hellena | EUR/USD (4H): LONG to the resistance level of 1.03609.Colleagues, the situation on the markets is quite complicated. Now we are witnessing a period of complex combined corrections and lengthening waves. But it is also possible to analyze it.
At the moment I expect the big gap to close and reach the resistance level of 1.03609. We all know that gaps usually close.
This will be a correction in wave “2”.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
EUR/USD: Between Rebound Hopes and Tariff TensionsThe EUR/USD pair experienced a strong rebound on Tuesday, rising by 0.8% and breaking a six-day losing streak, although it failed to reclaim the 1.0400 threshold. Despite this recovery, bullish momentum remains fragile as the euro is heavily influenced by broader market flows and the anticipation of upcoming US Non-Farm Payroll (NFP) data. The pair found initial support at the weekly low of 1.0209 on February 3, with a potential decline towards the 2025 bottom of 1.0176 if this support fails. A break below this level could pave the way for a test of the psychological parity threshold. On the upside, resistance is identified at 1.0532, the year’s high recorded on January 27. The pair’s recovery was driven by a weakening US dollar, as the Dollar Index (DXY) fell below the 108.00 support, influenced by market reactions to President Donald Trump’s plans to delay a 25% tariff on Canadian and Mexican goods while maintaining a 10% levy on Chinese imports. Although the US dollar has weakened, the tariff issue is expected to strengthen its position in the long term, potentially supporting a bullish outlook for the currency. Central banks also play a crucial role: the Federal Reserve kept interest rates unchanged last week, signaling a cautious approach amid strong economic growth, persistent inflation, and low unemployment. Meanwhile, the European Central Bank (ECB) cut rates by 25 basis points, hinting at possible further easing while expressing optimism about controlling eurozone inflation. ECB President Christine Lagarde emphasized a data-driven approach, ruling out the possibility of aggressive rate cuts. Trade tensions, particularly those linked to US tariffs, could further complicate the euro’s outlook. Prolonged tariffs could fuel inflation in the United States, prompting the Fed to adopt a more hawkish stance, which could strengthen the dollar and put pressure on the euro, potentially pushing the EUR/USD pair toward parity. Looking ahead, the euro faces challenges from the resilience of the US dollar, divergent monetary policies between the ECB and the Fed, and structural issues within the eurozone, such as Germany’s economic slowdown. While short-term rallies are possible, the overall outlook for the euro remains uncertain, with persistent risks related to geopolitical tensions and tariff policies likely to shape the pair’s trajectory.