EURUSD Technical Analysis And Trade IdeaThe EURUSD has shown a robust upward trajectory, subsequently experiencing a bearish shift in market structure. This video delivers an intricate breakdown of this trend, meticulously scrutinizing price fluctuations and uncovering potential trade prospects through comprehensive evaluations across weekly and daily timelines. Expect a comprehensive review encompassing price shifts, market patterns, trend assessments, and vital technical analysis elements. It's imperative to stress that the information shared here serves solely for educational purposes and should not be construed as financial counsel.
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EURUSD Technical Analysis And Trade IdeaIn the recent times, EURUSD has broken market structure to the downside, indicating a possible sell opportunity. This video presents a detailed analysis of this trend, meticulously examining price movements on both the weekly and daily charts.
Please note, the content presented here is purely educational. It's crucial to emphasize that while the analysis provides valuable information, it should not be interpreted as financial advice or guidance.
EURUSD: November core CPI in the US unexpectedly increased, whicWhile it seems unlikely that US CPI data will influence the FOMC's policy decision this week, the market will keep an eye on the m/m core CPI data. If this index exceeds expectations, current inflationary pressures will certainly affect the timing of interest rate cuts in the future, however if the data is lower than estimates it could boost interest rate expectations. cut earlier.
💡 EURUSD: Continued declineEURUSD continues to fall sharply and has had six consecutive losing sessions. By this time, more oversold signals have appeared. In addition, the 1.075 resistance zone is also an important resistance zone. Please pay attention to observe the signs. Price behavior here, if there is a signal of price increase, you can consider buying again. In case it is broken, the price will likely adjust sharply down, towards the resistance area around the 1.0500 threshold.
Next scenario for EURUSD after a series of declining daysEUR/USD: The euro did not show any significant signs of recovery in this week's trading. Therefore, you can consider the following options: In a short-term scenario, the EURUSD could retest the price reaction zone around 1.0800 Ace and wait for a sell-off in this area in relation to the expected FOMC information. Eurodollar could still be a period of accumulation for the market. EUR/USD target expected level returns to 1.0650 area
EURUSD → Nearing Support! Is it Time to Long!? Let's Answer.EURUSD rejected nicely off of the Resistance Zone at 1.10 and fell to 1.07300! If you shorted at the Resistance Zone per my last analysis, hold that short! It's reasonable to take profits here around 1:1 Risk/Reward and swing the latter half, but will we make it to the bottom?
How do we trade this? 🤔
If you're not currently in a trade, I would wait until the price falls closer to the Support Zone and bounces or wait for it to break Resistance and long above it. Look to enter a long in the 1.06 area if a strong bull signal and confirmation plays out and trade a 1:2 Risk/Reward taking profit just shy of the Resistance Zone. Your protective stop should be below the Support Zone giving you a clear 1:2 Risk/Reward!
💡 Trade Idea 💡
Long Entry: 1.05800
🟥 Stop Loss: 104.100
✅ Take Profit: 1.09200
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Trading Range after Bull Run, Bias to Long.
2. Rejection at the Resistance Zone, Run Short to 1.06.
3. Look for Support at Support Zone 1.054.
4. Look for Reversal Pattern, Bull Signal and Confirmation.
5. RSI at 45.00 far below Moving Average, Bias to Short.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
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Eur/usd Buy signal Hello traders, EU retraced to a weekly FVG and high probabilty order block we have also the SMT with DXY which is a signature that we could have a smart money reversal, For the next week I would be looking for buys but before that I need to see some bullish momentum coming out to the market and market structure shift .
EURUSD - might fall off a cliffJust thought id share my big brain move.. could be completely wrong but here are my thoughts
EURUSD just did a massive retracement to its previous lows on the monthly
We can see there was a trendline break which signals the start of a down trend
And a closer inspection on the daily shows a structure break... will be interesting to see how this plays out
EURUSD resume uptrend?EURUSD's daily chart showcases a strong bullish momentum, with a notable opportunity for a sustained buy position identified at the highlighted demand level in blue. This level, signaling a concentration of unfilled orders, suggests significant underlying strength. The envisioned long-term target for this buy position aligns strategically with the supply zone at the chart's pinnacle.
Investors eyeing potential opportunities in the currency pair may find the current bullish trend compelling, with the highlighted demand level serving as a promising entry point. The anticipation of continued upward movement is supported by the concentration of unfilled orders at this level, reinforcing the potential for a sustained bullish trajectory with the long-term target aligned to the supply zone at the chart's upper extremity.
💡 EURUSD: Forecast ADP-Nonfarm EURUSD is approaching the support zone on the daily frame around 1.0755, and you can see that the current price trend is bearish and the current structure on the H4 frame is bearish because the previous bottom is clearly broken.
However, the price action is not moving very well, the price forms quite weak and unclear price pushes as well as pullbacks. More importantly, there is no really strong peak to be seen. Strong latch to hold the price. In market moving conditions like this, as long as the most recent small peak in that price decline is broken, the possibility of the market reversing is quite high or at least forming a deep pullback.
EURUSD Technical Analysis And Trade IdeaExploring the EURUSD currency pair's current dynamics, our analysis unveils a prevailing bullish trend across higher time frames, particularly evident on the monthly and weekly charts. Our focus shifts to the daily time frame, strategically aiming for an optimal entry point. At this juncture, the price has undergone a significant swing and is now undergoing a retracement phase.
Our keen attention is directed towards pinpointing a retracement within the 50% to 61.8% Fibonacci retracement zone – an area we favor for entry. We look at both a 1D and 4H timeframe scenario. This video meticulously breaks down price action, market structure, and overarching trends, shedding light on critical facets of technical analysis.
Throughout this presentation, we delve deeply into pivotal aspects such as market structure, nuances of price action, trend dynamics, and other indispensable technical analysis components. It's crucial to emphasize that this content is for educational purposes. However, it's imperative to avoid construing it as financial advice.
EUR/ USD!! 5/12/2023 supporting the DOWN trend⭐️ Smart investment, Strong finance
⭐️ EUR/USD INFORMATION:
The US Census Bureau released data on Monday revealing a 3.6% month-on-month decrease in US factory orders in October, following a 2.3% increase in the previous report. In addition, the Institute for Supply Management (ISM) reported that the US ISM Manufacturing PMI remained unchanged at 46.7 in November, falling short of expectations.
According to Federal Reserve (Fed) Chair Jerome Powell, the US monetary policy has been successful in slowing down the economy, as predicted, with the overnight interest rate now in restrictive territory. Although Powell emphasized the Fed's readiness to further tighten policy if necessary, market sentiment suggests that the rate-hike cycle has reached its conclusion. Consequently, this has put downward pressure on the US dollar across all markets.
⭐️ Personal comments NOVA:
The price area touches the downtrend line, Scalping during the day is a SELL signal
⭐️ SET UP EURUSD PRICE:
🔥SELL EUR/USD zone: 1.08500 - 1.08650 SL 1.09100
TP1: 1.08000
TP2: 1.07700
TP3: 1.07400
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
💡 EURUSD: Analysis on December 4OANDA:EURUSD Analysis on December 4
EURUSD is moving down in price, although the bottom has just been formed and the momentum is not really strong, but we can still watch for selling.
The nearest resistance area is around 1.0950. If the price returns to this area, we will look for opportunities to sell.
💡 EURUSD : Forecast December 5The European Central Bank policymaker and President of the Bank of France said the ECB is not yet ready to consider reducing borrowing costs but will do so after 2024. Slowing inflation has allowed the ECB to clarifying the 2% inflation target from summer 2021, which could herald an adjustment in monetary policy. In addition, dovish comments from the FED pulled the dollar down, partly supporting the view that the Fed has ended its interest rate hike cycle and will shift to an easing stance in 2024.
We can see EUR/USD recovering and the MACD double line and bar chart shrinking below the zero axis on the H4 chart. When the price once fell below the 1.0880 support level, a short-term top emerged as a bear market.
EURUSD - Looking To Sell Pullbacks In The Short TermH4 - Bearish divergence.
Most recent uptrend line breakout.
Expecting short term bearish moves to happen here.
H1 - Bearish trend pattern.
Currently it looks like a pullback is happening.
Until the strong resistance zone holds my short term view remains bearish here.