EURUSD Critical week. It is all about the 1W MA50.Last week the price closed below the 1W MA50 (blue trend-line) for the first time since May 18, 2020. Even though EURUSD is still on Higher Lows since November 02, 2020, it remains under the bearish effect of the Lower Highs since the Jan 04, 2021 weekly top.
This 1W MA50 break brings comparisons with the May 07, 2018 weekly breaking. At that time, the pair broke below the 1W MA50 and never closed a 1W candle above it in almost 2 years. Once it did, it marked the bottom and the 2020 rally started.
In my opinion, even though the price remains on Higher Lows, it is more important to make a weekly closing above the 1W MA50 to restore the bullish sentiment. Otherwise, as long as it does not, the price action should continue to show weakness, first on the Red Symmetrical Zone and the 1W MA200 (orange trend-line) and if broken, towards the 4 year Higher Lows trend-line.
** 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 ==> StockSwinger
--------------------------------------------------------------------------------------------------------
Eurusdsignals
EURUSD hit the 1D MA50Pattern: Inverse Head and Shoulders on 1D.
Signal: Buy as the price is in the process of completing the Right Shoulder while it hit the 1D MA50.
Target: 1.23500 (the 6 month Resistance).
Most recent EURUSD signal:
** 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 ==> AngusMcK
--------------------------------------------------------------------------------------------------------
EURUSD | Perspective for the new week | Follow-upWe are yet to find an avenue for Bearish confirmation since my last publication on this pair as the price continues to find a higher high (see link below for reference purposes). Continuous rejection of the $1.22500 level since mid-May 2021 is a clue pointing at the possibility of a bearish momentum building up at this juncture in the market.
The prospect of positive clues on Federal Reserve monetary policy and weakness in the euro appears to be restoring some confidence back for the Greenback in the coming week(s) as I am looking forward to a Breakdown/Retest of Neckline which is also a Key level @ $1.21200 for confirmation.
Tendency: Downtrend (Bearish)
Structure: Breakdown | Supply & Demand | Trendline
Observation: i. The line drawn under pivot lows is a visual representation of the prevailing direction and speed of price action in the last couple of months.
ii. We have witnessed a sharp rise in the value of the Euro since the beginning of April 2021 and the multiple rejections at the $1.22500 area reveal a decline in Bullish momentum as Sellers appear to be on the verge of dictating the direction of price action in the nearest future.
iii. Breakdown of Trendline on the 3rd of June followed by a sharp rejection of same during last week trading session anticipates a change in direction.
iv. In this regard, I shall be looking forward to a Breakdown/Retest of Neckline (Key level I) @ $1.21200 for confirmations in the coming week.
v. Further plunge below Key level II @ $1.19500 might welcome addition to the existing position... Trade consciously! :)
Trading plan: SELL confirmation with a minimum potential profit of 250 pips.
Risk/Reward : 1:6
Potential Duration: 5 to 10days
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.
EURUSD Critical crossroadsPattern: Channel Up on 4H but if 1.22390 doesn't break, a Channel Down may take its place.
Signal: (A) Buy if 1.22390 breaks, (B) sell until then as a 4H MA50/MA100 has been formed.
Target: (A) 1.23450 (1.618 Fibonacci extension), (B) 1.20900 (Lower Low on the emerging Channel Down and just above the 1D MA50 (yellow trend-line).
** 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 ==> CryptoSurfer007
--------------------------------------------------------------------------------------------------------
EURUSDAs I said last weeks...If we make a parallel between the chart on a week and one month because the month of May closes ...we can see that on the 1 week chart the last 9 candles in circle 1 have a structure identical to the 9 in circle 2 and even if maybe it will make a small rise, EURUSD will go down to close M formed in the last period
On the 1 month chart we notice that it has rejected from the trend line and if the month will close like this ... we still have a strong confirmation of a decrease of at least 300-400 pips
THIS WEEK...as I told you last week, the structure of the 2 circles remains the same and the 10th candle closed on the descent and rejected as I told you from the trend line for 1 month!
For next week I will be looking for SELL for 70-80 pips that were made during the NFP and after ... I will be looking for SELL until the 1.19500 area in the next period
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
EURUSD Buy SignalPattern: Channel Up on 4H.
Signal: Buy as the price rebounded again on the 4H MA100 (green trend-line).
Target: 1.23450 (just below the 1.618 Fibonacci extension).
** 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 ==> CryptoSurfer007
--------------------------------------------------------------------------------------------------------
EURUSDAs I said last weeks...I expect a small withdrawal of 30-40 pips and an extended range and then another strong climb to 1.22400 and even higher to 1.23500
...as I said last week EURUSD is in a range between the 0.236 level and the 0.382 Fibonacci level! next week I will follow the same range until it closes for at least 1 day below these levels! I still think he will retry once again 1.23500 and from there .... DOWN AGAIN at least 700 pips
THIS WEEK.....If we make a parallel between the chart on a week and one month because the month of May closes ...we can see that on the 1 week chart the last 9 candles in circle 1 have a structure identical to the 9 in circle 2 and even if maybe it will make a small rise, EURUSD will go down to close M formed in the last period
On the 1 month chart we notice that it has rejected from the trend line and if the month will close like this ... we still have a strong confirmation of a decrease of at least 300-400 pips
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
EURUSD top-down analysisHi Guys, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis video. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover my next analysis.
Also let me know your thought in the comment section what you think about this pair.
EURUSD close to 1st 1D MA50/100 Bullish Cross since June 2020!Important development for EURUSD which after a strong 2 month rally (April - May), it is close to forming an MA50/ MA100 Bullish Cross on the 1D time-frame. Last time that pattern emerged was on June 16, 2020 and after a pull-back to the 0.618 Fibonacci retracement level, the price formed a bottom and rallied to the 1.5 Fibonacci extension level.
That rally formed the new Higher High of the 2-year Channel Up that the pair has been trading in. Assuming that the new 1D MA50/100 Bullish Cross forms the new bottom, then the price can rally at least towards the 1.5 Fib extension, which is now a little over 1.26500, and that would still be below the Higher High trend-line of the Channel Up.
Former EURUSD idea:
** 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 ==> CryptoSurfer007
--------------------------------------------------------------------------------------------------------
Potential HUGE tradeBased on my price action, currently, it's a nice retest of the broken TL, a pretty excellent risk-reward ratio. I predicted it would reach the final target by the end of July or the beginning of August. I would wait for the confirmation candle, enter the trade, set SL / TP, and forget about it since the analysis is base on the daily time frame.
We had a similar entry price zone on February 25, 2021 (link attached). The market rejected 1.224 zones at that time and fell deep to 1.170.
Invalidation:
This analysis fails if the price breakout and closes above 1.236.
Catalyst:
- ECB Financial Stability Review
- EU CPI
- FOMC
- US Unemployment claims
- EU PMI
- ECB Press Conference
- NFP
EURUSD Filled all previous Highs. One left.Pattern: Channel Up on 4H.
Signal: Buy within the 4H MA50/ 4H MA100 buy zone. Confirmation when the 4H MACD makes a Bullish Cross.
Target: 1.23450 (The January 06 High).
Previous short-term idea:
Previous long-term idea:
** 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 ==> buchi24
--------------------------------------------------------------------------------------------------------
EURUSD reviewDescription :
The euro and the dollar do not have very complicated and incomprehensible conditions
We see a relatively good support, followed by a resistance that feels like an uptrend that does not touch the price of support.
With the growth of the dollar index, we saw the fall of all currencies, even bitcoin
If you look at the analysis of the dollar, it feels like it is coming back after touching the channel ceiling, at which time most currencies are touching their support, and from now on we have to wait for a signal for the dollar to fall in favor of other currencies.
#EURUSD#EURUSD
After the start of movement on Monday, the price continues to fall from the resistance of 1.213.
I expect the fall to continue.
1 - resistance line of February 2020
2 - recent breakdown of the 1.198 support line.
3 - rebound from resistance 1.213 and working out correction (an essential element of almost any movement).
The target is 1.186.
🔔 11 / 13 last EURUSD forecasts come TRUE
EURUSD Its perfect symmetry aims at 1.22400EURUSD has just rebounded off its Higher Lows trend-line, a Support line that has been holding since the start of April. If we get a 4H candle closing above the 4H MA50 (blue trend-line), then the price should aim at 1.22400, which is the February 25 High.
As you see the symmetry has been near perfect for EURUSD not just on the Lower Highs of Feb-March turning into Resistances and Higher High, but also how the April Higher Lows trend-line is fairly symmetrical to the Lower Lows trend-line of January, February, March.
Also notice how the 4H MACD just made a Bullish Cross.
** 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 ==> TradingView
--------------------------------------------------------------------------------------------------------
Get ready to SELL EURUSD... Here's my analysisAfter being rejected from a key level and key trendline on the Higher timeframe, price broke a key level of support and continued to drop.
My expectation is for price to come back to the key level for a retest, show a suitable pattern for entry on the M30 and sell right back down.
I'll keep updating this trading idea, so, follow me to know when I do.
Let's get this bag!!!
EURUSD | Perspective for the new week | Follow-upWe have been on standby since my last publication on this pair as it took price over two weeks to come to our proposed Supply zone (see link below for reference purposes).
The last few days of last week trading session witnessed a strong Bearish pressure mounts as the price rejects the $1.21500 area which is represented on the chart with a bearish engulfing candle. A plunge on Friday saw the Greenback strengthened amid a dismal market’s mood which could be related to end of the month profit-taking by participants who took advantage of the Bull that began the month of April 2020.
Tendency: Downtrend ( Bearish )
Structure: Breakdown | Supply & Demand | Reversal pattern | Channel
Observation: i. It is completely obvious that price is within a pattern formed from two downward trendlines drawn above and below price action represented by resistance and support levels since December 2020.
ii. The Demand level which held price "supported" @ $1.20000 in the 3 months was finally broken (March 2021) giving way for Sellers to push price below thereby respecting the Descending Channel.
iii. A breakout of the Channel that occurred on the 20th of April 2020 is yet to be confirmed successful or not as a rejection/breakdown of my Key level in the coming week shall help me make a decision.
iv. The Channel Breakout shall be regarded false if the price closes below Key level hereby confirming an opportunity to sell the Euro in the coming week(s)... Trade consciously!
Trading plan: SELL confirmation with a minimum potential profit of 350 pips.
Risk/Reward : 1:4.5
Potential Duration: 10 to 20days
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 foreign exchange trading, CFDs, 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.
EURUSD SELL MORE FROM GIVEN LEVEL !!Hello friends as i had mention in our previous analysis that this pair is reay for rop an it will drop more now
this pair has reached @ a strong resistance level and now making a double top
So i am planing to start sell this pair with opening markets on Monday and looking for a all new design TP
Chart is pretty easy and clear to get understand why we are selling on the technically based analysis
Friends Push like and comments it will help channel to support
Follow us for more updates
EURUSD SELL FROM STRONG RESISTANCE !!Hello friends as i can see this pair has reached @ a strong resistance level and now making a double top
So i am planing to start sell this pair with opening markets on Monday and looking for a all new design TP
Chart is pretty easy and clear to get understand why we are selling on the technically based analysis
Friends Push like and comments it will help channel to support
Follow us for more updates