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Eurusdforecast

EURUSD Has Booked a 1st Class Ticket Down South!The narrative for next week’s set up goes like this: There is an objective FACT that certain times oof the year the market does certain things. The market has cycles, seasons… just like Winter, Spring, Summer Fall. At these times things change, similar to the Forex Market. The Forex Market Moves based on time contrary to what most teach you that buying and selling pressure moves the market. The software that offers price in the market could care less about who’s buying or who’s selling. The market moves on TIME and PRICE. When they meet they produce true Market Structure. No more no less. This is #TradingMadeSimple Therefore we leverage that fact in confluence with KNOWING the times and prices that will cause the algorithm to engage Macro Moves to other areas of Liquidity aka Money in the this 7 Trillion Dollar Forex Market. August 1st began with what I call the Market Maker 52 Fake out. A whole day of Longs then the next day it Liquidates all Swing Traders who were holding with a next day of shorts creating an IMBALANCE in the Market. The Market always wants to be in a state of equilibrium. Therefore when imbalances happen you can be sure that the market will come back and fill that imbalance to re balance the market. Price did just that on August 4, 2022. The next day it filled that imbalance, and on August 8, 2022 Price liquidated all Shorts and made the Vertical move off of a MACRO PIVOT POINT to fill the previous imbalance that was made July 5, 2022. That Imbalance was filled on August 10, 2022. The algorithm began it’s predictable Market Maker 52 Fake out to jam up retail traders who were holding the long. Then on August 12, 2022 the software initiated the Macro Move to liquidate all longs and is now headed South for the winter:) In confluence with the DXY being in a Risk ON State aka LONG. The DXY is filling previous imbalances that were made the previous weeks with so much news trying to manage INFLATION here in the states. When the DXY goes up, EURUSD goes down. This is also #TradingMadeSimple. The market has 3 moves: Up, Down, Sideways. no more no less. By identifying KEY areas aka PRICES in the market and KNOWING the Forex Schedule we call #SniperForexSchedule you can always leave the markets with the BAG. And this is the goal daily to COMPOUND our trading accounts 3,5,8,10,20, some days 50%. Compounding is magic and when you allow it to grow your account you will develop the patience and discipline to get in and out of the markets and leave daily with your compound. Never over leverage. Trust your trade set up. Have Fun! I AM PRO TRADING MADE SIMPE> We are #SniperGang EVERYBODY EAT$
TVC:DXYShort
by Master-Jedi-Trader
EURUSD Sell to 0.98EURUSD now retesting key level at 1.04. Additionally, it lines up as a 61.8% retracement from previous swing high and swing low. It's currently rejecting with a double top forming on the H4. Daily closed with a bearish engulfing as well. To enter a short position, H4 has to start forming bearish market structure for more confidence. Fundamentals: EUR: Facing energy crisis heading into winter, political instability USD: CB is still very hawkish for the rest of the year *More fundamentals on weekly commentary paper What do you think? What's your EURUSD forecast?
Short
by rob_WRLD_
the big question! Retest or new Lows?Eur/Usd has been trading sideways for a while and i reason to believe that it will break out with the US inflation news. > Now what i will share with you is something i discover recently and should give more insight on how to trade it N.B. now for this to work we have to first believe that what ill share makes sense, then we can cipher it. what we are given: > channel on 3 day chart > US Cpi news Wednesday > clear understanding of eurjpy and usdjpy?????? > 3-day price containment of resistance 1.023 and support of 1.01 >for this purpose, we will define containment as: price failing to close/open above/below the given support/resistance. > NB price can breach these levels but can't maintain outside it. >if price maintain outside these levels, we have a breakout and we trade with the trend. How to trade this > choose a bias and pray that it goes in our direction 50/50 chance or > we use price action, news, technical analysis and price correlation. technical Analysis: > see my explanation of usdjpy & eurjpy then proceed News: >us cpi news on Wednesday could determine usdjpy & eurusd next breakout. price action : > Usdjpy has the potential to do two things continue breakout (create new highs / break 139) or switch over to form a head shoulder with neckline at 127 > Eurjpy is in a downward channel with next resistance at 140/142 if gets rejected we can see a retest to 133/134 > Eurusd is in a channel R: 1023 S: 1.011 for a while, and with a breakout we could see new lows of .98/.97 or retest of 1.04 price correlation: NB as eurusd approaches closer to "1" we see the price of usdjpy approaching eurjpy each other NB since this is an important usd news we can assume a breakout of eurusd *********************IF NEWS IS INTERPRETED AS GOOD ********************* > we should see eurusd possibly breaching the 1-dollar zone . We go long and hold for a usdjpy break out . we short eurusd until it finds a new zone below dollar zone . we can also short eurjpy 140/142 back to its previous support 133 *********************IF NEWS IS INTERPRETED AS BAD ********************* > we should see eurusd possibly retesting its previous support . we short usdjpy on bad news . we go long on eurusd for a break out . we also short eurjpy at 140/142 region BRING IT HOME IF WE CAN UNDERSTAND THE CORELATIONS AMONG THESE THREE CHARTS WE CAN TRADE THEM ACCORDINGLY WHEN EURUSD APPROACHES 1 THE PRICES OF USDJPY /EURJPY COMES CLOSER IF EURUSD GOES FUTHUR AWAY FORM +1 EURJPY INCREASE IN VALUE MORE THAN USDJPY IF EURUSD GOES FURTHUR AWAY FROM -1 USDJPY INCREASES IN VALUE MORE THAN EURJPY
by shermuelinvesting
EURUSD | Perspective for the new weekThe recovery of the Euro in the last couple of weeks doesn't seem to be strong enough to break through the supply zone around 1.02500; hereby giving the impression of strength for the Dollar. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry