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Eurusdsignals

EURUSD update on long-term thesis. Deadcat bouce after the NFP?Last time I updated my long-term perspective (on the 1W time-frame) on EURUSD was in July, when the price was still struggling to break above the 1W MA50 (blue trend-line) and presented the idea that the long-term price action might follow the Q3/Q4 2018 bearish fractal: As you see the pair followed the fractal precisely as the 1W MA50 was never recovered from its last rejection and the price made consecutive Lower Lows. On the August 13 2018 1W candle, EURUSD broke marginally below the 1W MA200 (orange trend-line) but recovered instantly on the same week and that initiated a rally (or dead-cat bounce if you like) back near the previous Resistance (1.18575), still below the 1W MA50. Then the downtrend was resumed with many successive Lower Lows until the COVID market bottom. Right now the pair is on a similar situation with the current 1W candle making a wick below the 1W MA200. If it recovers before the week closes (of course much will depend upon the Nonfarm Payrolls report which will be released on Friday), then we might have a similar situation as mid August 2018, i.e. a dead cat bounce towards the Resistance which is currently at 1.1910. This thesis holds unless the price breaks (and closes a week) above the 1W MA50, which invalidates the downtrend. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Long
by TradingShot
8
EURUSD hit the 1W MA200, first time since July 2020!EURUSD has been trading within a Channel Down ever since the January 06 2021 market Top, so practically since the start of 2021. Today's price action has give 2 important benchmarks: a) it hit the bottom (Lower Lows trend-line) of the Channel Down for the first time since March 31 2021 but more importantly b) it hit the 1W MA200 (red trend-line) for the first time since July 14 2020!! This chart right above maybe even more illustrative as it is on the 1W time-frame and with that I want to show that the last time that EURUSD tested the 1W MA200 (orange trend-line on that chart) as a Support coming on a downtrend, was in August 2018. Straight after it initiated a +4.50% rebound towards the 1W MA50 before resuming the downtrend in September. It would be best however to take one step at a time and look to trade the pair within the Channel Down. There are three separate levels of Resistance: the 1D MA50, the 1.19100 level (which is a Double Top = red arrows) and the 1D MA200. The previous rebound leg towards the Lower Highs (top) trend-line of the Channel Down marginally exceeded the 0.786 Fibonacci retracement level. If today is the bottom, the the 0.786 Fib is at 1.21182. Buying for the long-term and setting a 1.21000 target is a solid R/R trade. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> Vergnes --------------------------------------------------------------------------------------------------------
Long
by TradingShot
12
EURUSD Will the 1D MA50 hold ahead of the ECB?EURUSD hit today its 1D MA50 (blue trend-line) and so far it held. Even though the previous rejection on the 1.1910 Resistance was a bearish sign, as long as 1D candles close above the 1D MA50, there seems to be a stronger case for a bullish reversal within the long-term Channel, similar to the April-May rebound. If you are trading it on the short-term, you may use 1.19100 as break-out confirmation and aim for the next natural Resistance, the 1D MA200 (orange trend-line), which happens to sit currently on the long-term Pivot Zone. Long-term traders may target the 0.786 Fibonacci level. On the other hand, if the ECB tomorrow delivers a bearish blow to EUR and closes below the 1D MA50, the 1.16600 Support (1) will be the natural extension for short-term traders. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> GJMRealEstate --------------------------------------------------------------------------------------------------------
by TradingShot
1
EURUSD 4H Golden Cross formedEURUSD formed a Golden Cross onthe 4H time-frame (4H MA50 crossing above the 4H MA200). Trading within a short-term Channel Up (dashed trend-lines) this could be quite a development ahead of the Nonfarm Payrolls as last time a similar combination of patterns took place, was on April 15. That sequence extended the rise after the Golden Cross and the 4H MA50 (blue trend-line) supported the trend until just over the 0.618 Fibonacci retracement level from the previous top (Lower High) of the long-term Channel Down (blue channel, zoom out to see it). At the moment the 0.618 Fib is at 1.20320. That is my medium-term target. See the longer-term outlook on 1D on the buy signal I posted last week: ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> v184 --------------------------------------------------------------------------------------------------------
Long
by TradingShot
EURUSD | Perspective for the new week | Follow-up detailsWe are yet to open a long term position on this pair since my last publication on this pair as the price is yet to do a significant breakout of $1.18500 as expected (see link below for reference purposes) but the current market structure suggests that the "wait" is about coming to an end as I anticipate a significant breakout of Bearish Trendline in the coming week(s). With the August Nonfarm Payroll report on Friday expected to be below the previous month, technically I anticipate a rally for the Euro in the coming week(s). Tendency: Uptrend (Bullish) Structure: Breakout | Supply & Demand | Trendline Observation: i. The Bearish momentum that began in January 2021 broke out of her prevailing direction ( Bearish Trendline ) on the 22nd of April 2021 to set the pace for what looks like the beginning of a new trend. ii. Since the Breakout that occurred on the 22nd of April 2021, sellers appear to emphasize its strength but the price has continued to reject the Trendline and this feat reveals that the buyers are finally gaining trust in the Euro as price finally hits the Demand zone at $1.16700 once again after 5 months. iii. Price continued to find higher since testing the Demand zone with high expectation of breaking out of the second trendline in the coming week(s). iv. Above $1.17500 Level (Key level) remains a comfortable area to take advantage of the intended Bullish bias as I look forward to a Breakout/Retest of the Trend zone (Bearish) in the coming week. v. And a further Breakout of $1.18500 shall welcome an opportunity to add to our existing position... Trade consciously!😊 Trading plan: BUY confirmation with a minimum potential profit of 350 pips. Risk/Reward : 1:5 Potential Duration: 10 to 20 days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. 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.
Long
by darcsherry
EURUSD Buy SignalPattern: Channel Down on 1D. Signal: Buy as the price is near (a) the Lower Lows trend-line (bottom) of the Channel, (b) Support 2 and (c) the RSI is priting a HL pattern similar to the previous times that a rally was followed. Target: 1.2100 (just below the 0.786 Fibonacci retracement level. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> nevada999 --------------------------------------------------------------------------------------------------------
Long
by TradingShot
3
EURUSD hit the 4H Lower Lows trend-linePattern: Bearish Fibonacci Channel on 4H. Signal: Buy as the price hit the Lower Lows trend-line of the Channel which within July has always initiated a rebound towards at least the 4H MA50 (blue trend-line). Target: 1.1800 short-term (right below the Channel's 1.0 Fib and the horizontal 0.382 Fib retracement) and 1.18500 medium-term (right below the Channel's 1.5 Fib extension which has been the top (Lower Highs) of the Channel so far). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> nevada999 --------------------------------------------------------------------------------------------------------
Long
by TradingShot
3
EURUSD approaching the 1.17050 SupportThe Nonfarm Payrolls result has been unforgiving for EURUSD as the price collapsed and is today near the 1.17050 Support, which is the first hold level before the 1.1600 Support which was made of the September-November 2020 lows. The U.S. CPI report is the catalyst of the week from a fundamentals standpoint but if the Support levels hold, the 1D RSI is forming a Triple Bottom similar to that of Feb-March. This caused a strong rally on Support one and if the pattern is repeated target initially 1.19500 which is right below the Pivot Zone. An extension can reach as high as the Lower Highs trend-line and the 0.2 Fibonacci retracement level (1.21750). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> nevada999 --------------------------------------------------------------------------------------------------------
Long
by TradingShot
4
EURUSD Buy signalPattern: Triangle on 1D. Signal: Buy as the first Higher Lows have been spotted on the 4H time-fame. The 1D RSI has been on a Bullish Divergence. If you seek confirmation you may wait until the 4H MA200 (green trend-line) breaks, as it happened on the previous bullish leg within the Triangle. Target: 1.2000 (the pivot point) short-term and 1.21750 (just below the 0.2 Fibonacci retracement level) long-term. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> CryptoCreatin --------------------------------------------------------------------------------------------------------
Long
by TradingShot
1
EURUSD A long-term perspective and how it is invalidatedEURUSD has been trading below the 1W MA50 (blue trend-line) for the past 5 weeks. Even though it hasn't broken below the 1.1700 - 1.1600 Suppor Zone that has been holding for exactly 1 year, it hasn't traded below the 1W MA50 for that long since the May 2020 bullish break-out. Last time we saw a similar break below the 1W MA50 after being higher that 1.2200 was back in May 2018 (even the 1D RSI is on similar levels). The price reached as low as the 1W MA200 (orange trend-line) and had a multi-month ranged trade between the 1W MA50 and 1W MA200 until it closed below the 1W MA200, which confirmed the continuation even lower. It only started to form the bottom after it closed a 1W candle above the 1W MA50. As a result it is possible to see a similar MA range, unless the pair breaks and closes above the 1W MA50. Do you think it is more likely to continue lower or break above the 1W MA50 again? ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> hanicrypto
by TradingShot
4
EurUsd- will it correct to 1.2?As I mentioned before, since the beginning of the year, EurUsd is trading in a 500 pips range. At this point, the pair is at the bottom of this range and things on the longer term are not so clear without a break here. On the other hand, if we look at a shorter TF, we can see that EurUsd is drawing a falling wedge on our chart and the last three lows are very close to each other in terms of price. A break above 1.1825-1.1830 would confirm the pattern and a correction could follow. 1.2 can be the target for bulls in this eventuality and a new low would put a pause to this scenario.
by Mihai_Iacob
12
Eurusd uptrend The instrument has reached a strong support level . The last time the level was tested in the first quarter of this year, it will be quite difficult to break through it just like that, so I'm waiting for the level to be worked out in the form of a false breakout or rebound and a rollback, or a change in the local trend to a bullish one. ——————— 9 / 10 last EURUSD ideas come TRUE ✅EURUSD №1 ✅EURUSD №6 ✅EURUSD №2 ✅EURUSD №7 ✅EURUSD №3 ✅EURUSD №8 ✅EURUSD №4 ✅EURUSD №9 ✅EURUSD №5 ❌EURUSD №10 ——————
Long
by fxpremiere
EURUSD Key level for trend shiftingEURUSD broke on Friday the 4H MA50 (blue trend-line) and closed the session (1D candle) above it for the first time since June 01. Today it is testing the same level as a Support, which is the key to a potental uptrend as if it holds, the (short-term at least) trend reverses towards the 4H MA200 (orange trend-line) and the 1D MA200 (red trend-line) which both are on the Pivot Zone (green) of the long-term Triangle as described on our most recent idea: This seems to be the most optimal long-term buy level for 1.21750, but even on the short-term if you seek a low risk trade, you can wait until the Channel Up breaks upwards and target 1.2000 which is the top of the Pivot Zone and where projected contact with both the 4H MA200 and the 1W MA200 can be made. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> ridethepig --------------------------------------------------------------------------------------------------------
Long
by TradingShot
1