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Eurusdsignals

EURUSD Bullish but hit the top of the Channel UpThe EURUSD pair has recovered after the drop below the 4H MA50 (blue trend-line) and is almost at the top of its short-term Channel Up. With the 4H RSI reaching its Lower Highs trend-line, we expect pull-back to the bottom of the Channel Up and the 4H MA50 before a rebound that will test Resistance 2 and our 1.10300 long-term target. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
3
EURUSD rebounding on the 1D MA50. Key to this trend.The EURUSD pair is on the second 1D green candle after hitting and closing above the 1D MA50 (blue trend-line). This is an extension of our last week analysis on the 4H time-frame: Moving up to the 1D time-frame we can see the long-term dynamics more clearly. As long as the price is closing above the 1D MA50, the pair is targeting Resistance 2 at 1.10300. A closing below the 1D MA50, could cause a short-term pull-back towards the 1.05765 Symmetrical Support. If the price manages to close above it, it will be an even better buy opportunity for the long-term, targeting at least 1.12000. A similar 1D RSI Higher Lows fractal from September 27 to November 03, targeted almost the 2.0 Fibonacci extension. And that is currently at 1.13500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
2
EURUSD Supported on the 4H MA50. Buy signal.The EURUSD pair is executing our long-term well as explained on this idea earlier this month: After correcting the very aggressive rise on the day of the Fed Rate Decision, the price now found Support on the 4H MA50 (blue trend-line). With the price past a 4H Golden Cross and the 4H RSI supported on Higher Lows, this is a low risk buy entry. Our target is 1.10300 (Resistance 4). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
9
EURUSD Pull-back expected before the Fed Rate Decision.The EURUSD pair is about to form a Golden Cross on the 4H time-frame but ahead of Wednesday's Fed Rate Decision, there is plenty of room for a fear related pull-back to the 1.05765 Symmetrical Support (that has held 4 times already in one month). With Lower Lows on a Triple Bottom Zone, we'd expect downside to be limited at that point so we will open a buy and target 1.08020 (near Resistance 2). The upside is also limited by a Higher Highs trend-line. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
4
EURUSD Clear multi-month buy based on the annual Cycles.The decline on the EURUSD pair since the February High is having many lose sight of the long-term trend. As we called back in September, the pair was at or near a Cyclical Bottom. This chart on the 1M (monthly) time-frame helps at better understanding its long-term Cycles in the span of a decade. The blue trend-line is the 1M RSI and the orange is the 1M MA200. As you see, the pair isn't even half-way through its new Bull Cycle. The top is expected at or near the 2018 Lower Highs trend-line, which is almost moving parallel with the 1M MA200. Based on this recurring pattern, a 1.2000 long-term price tag on EURUSD isn't at all unrealistic. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
EURUSD We caught the macro bottom again. New rally started.The EURUSD pair rebounded exactly on the 1D MA100 (green trend-line) as outlined on our analysis a week ago, having already hit our first short-term target of 1.06800: A comparison with the last long-term rally of similar structure, from April 2020 to January 2021, shows that we just completed the 1D MA100 pull-back. If the price breaks above the 1D MA50 (blue trend-line) and holds it as a Support upon re-testing, it can extend the rally to at least the -0.236 Fibonacci extension. This is at 1.13750 and is our long-term target. Notice also not just the fact that in both fractals the 0.382 Fib supported, but also the striking symmetrical similarities between their RSI and MACD indicators. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
5
EURUSD hit the first (1.0680) Target. How to trade it next.The EURUSD pair reached the first target of our long-term trading plan within this multi-month Channel Up: Going back to the 4H time-frame in order to formulate some short-term planning, we see the price now testing Resistance 1 (1.06990) that has already multiple rejections since February 20. The 4H MA200 (orange trend-line) is right ahead of it and makes this Zone a strong Resistance Cluster. Even though the long-term trend is bullish, we have to account for the possibility of a short-term rejection back to the 4H MA50 (blue trend-line) and the 0.236 Channel Fib, especially with the 4H RSI entering the overbought zone, before targeting Resistance 2 (1.0840). The ultimate target on this sequence is 1.1000, right on the 0.618 Channel Fib and below Resistance 3 (1.10300). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
4
EURUSD looking for two support levelsThe EURUSD has suffered a strong blow to the recovery it staged last week following Powell's testimony on a potentially higher pace of interest rate hikes. This analysis is an update to our February 24 thesis, which successfully caught the first rebound: We now added the Fibonacci Channel levels and see that the price is already below the 0.236 Channel Fib. Within this Channel Up, every time a 1D candle closed below the 0.236 Fib (October 31, October 19, October 07), the price reached (or dipped very close to) the bottom of the Channel. This time the bottom of the Channel is around Support Zone 1 and horizontal Fibonacci retracement level 0.382. However, the 1D MA100 (green trend-line) is in between and has been intact since November 10 2022. The 1D RSI hasn't yet hit the (30.00) oversold barrier, but the 1D MACD has already made a Bullish Cross, which is a rise indicator. We are willing to take the risk and enter a buy now before hitting the 1D MA100 and Target (1) again the 0.236 horizontal Fib T 1.06800. If a 1D candle closes above the 1D MA50 (blue trend-line), we will resume buying, targeting 1.10300. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
5
EURUSD Critical 4H MA50 closingThe EURUSD pair seems to be inside a Head and Shoulders (H&S) pattern similar to that of mid-February. The big difference is that in February the Right shoulder rejection took place on the 4H MA50 (blue trend-line), while now the candle broke above it. It has already closed on 4H candle above the MA50 and the 2nd one is of high essence. One more closing above the 4H MA50 will turn the pair bullish again, targeting the 4H MA200 (orange trend-line) potentially on a Fib 0.382 contact (1.07150). A closing below the 4H MA50 should extend the correction as it did in February on the 1.382 Fibonacci extension (1.05400 Target). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
4
EURUSD 4H MA50 and 1H MA50 controlling the trendThe EURUSD has been trading within a Channel Down since February 03 and today failed to close above the 4H MA50 (blue trend-line) yet again. This is added to a series of failed attempts and it maintains the bearish monthly trend. A closing above the 4H MA50 should be enough to restore the bullish trend-line and in that case we will target the Fibonacci retracement levels up to the 4H MA200 (orange trend-line) which is our medium-term target. Every time the price closes below the 1H MA50 (red trend-line) though, the new bearish leg of the Channel Down starts, so if it happens again, we will take the loss and take a short again targeting the 1.05300 Low. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
6
EURUSD Very close to a macro bottom. Start buying from here.The EURUSD pair has been on a strong monthly pull-back for the whole month of February. Technically the pull-back has been caused by an exact rejection on the 1W MA100 (green trend-line). The correction has already broken below the 0.236 Fibonacci retracement level. Since 2009 and the U.S. Housing Crisis, similar corrections at or below the 1W MA100 have found Support on average within Fib 0.236 and 0.382. Only in August 2010 Fib 0.5 was approached. As a result we can claim that EURUSD is at or extremely close to a macro bottom. On top of that, the MACD on the 1M (monthly) time-frame as formed a Bullish Cross. Since 2009 another 5 such patterns have been completed and all of them extended already existing rallies. The rises have printed a maximum of +25.80% and a minimum of +16.39%. The average +21.61% sets a target on EURUSD at 1.1600 and this is what we are aiming for by the end of the year. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
6
EURUSD Approaching the ultimate Support Cluster. Long-term buy.The EURUSD pair gave us the decline we wanted as described on our last analysis 10 days ago: The price is now approaching Support Zone (1.04800 - 1.04500), which is also around the 0.382 Fibonacci retracement level. The Support Cluster is getting extremely strong considering that the 1W MA50 (red trend-line) is right below, which supported the price with an extremely strong rebound on January 06 2023 and the 1D MA100 (green trend-line), which was the Resistance level during 2022 Bear Market. On top of those, add the September 28 Higher Lows. Our strategy is to buy when the 1D RSI gets oversold, which is recent years it has always delivered a rebound to the 1D MA50 (blue trend-line). The Target 1 range is within 1.06500 - 1.0700 depending on whether the price rebounds the next week or in two. Beyond that, if we close a 1D candle above the 1D MA50, we will buy again and aim at the February Resistance of 1.10300 (Target 2). If not, we will short the Higher Lows break-out and buy inside Support Zone 2, where the 0.5 Fibonacci extension is. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
2
EURUSD 4H Death Cross and CPI turning it bearish.The EURUSD pair formed a Death Cross on the 4H chart, the first such formation since August 22 2022. Coupled with a higher than expected CPI today and the fact that the price closed below the 1D MA50 (blue trend-line) for the first time since November 03 2022, makes this potentially bearish for the next 10-15 days. The confirmation to sell however will be below yesterday's low and the target 1.0470 (top of Support Zone 2), as we have to account for the fact that on the short-term the Death Cross can deliver a counter trend rally, similar to what happened in August (see chart on the right). In fact the 4H Golden Cross used to delived a sell-off, while the Death Cross a rally. Consider however that the market was on a long-term downtrend at the time. Still, if we break today's High, we will buy targeting the 0.618 Fibonacci level (same as on September 12 2022) and then sell heavily towards Support Zone 2. The RSI is on a huge bearish divergence (Lower Lows). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
3
EURUSD Last low before a strong rebound?The EURUSD pair has hit the 1D MA50 (yellow trend-line) for the second time this week and so far that is keeping it within the Channel Up of November. The 4H RSI however shows that it may be repeating the Double Bottom pattern of the first week of January and in that case could hit the Buy Zone again. When that happened then, the price made a Lower Low on January 06 before rebounding. This Lower Low is our tolerance level of accepting a marginal break below the Channel Up and still maintain a bullish perspective. The short-term target is the 4H MA50 (blue trend-line) and if broken the medium-term target is the 1.10300 Resistance. A closing below the Lower Lows will be bearish, targeting the top of Support Zone 2. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
6
EURUSD Will it find Support on the 1D MA50?The EURUSD pair has suffered a more than -2% decline in the past two days following the NFP report on Friday. The price broke below the 4H MA50 (blue trend-line) and is marginally above the 4H MA200 (orange trend-line). This level hasn't been reached in a month (January 06). The majojor Support of this long-term uptrend however is the 1D MA50 (yellow trend-line), which has been untouched since November 04 2022. The long-term pattern is a Channel Up and the Fibonacci retracement levels help at identifying Support/ Resistance levels. Our strategy is to sell below the 4H MA200 and target the 1D MA50 - Support Zone 1 Cluster on the short-term. Sell extension only if the price breaks below the Channel Up and target Support Zone 2. As long as the 4H MA200 holds, a short-term rebound may be materialized towards the 4H MA50. However we are willing to buy only above the 0.5 Fibonacci retracement level, targeting the 0.786 Fibonacci. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
5
EURUSD Channel Up intact. Still bullish.There are no major changes on our medium-term outlook on the EURUSD pair, as it has been trading within the (blue) Channel Up since our previous analysis, offering good intra-day profit opportunities: As you see, the price hit again the 4H MA50 (blue trend-line) and rose back to the top of the Channel Up in a similar fashion as January 19. As long as the price closes above the 4H MA50, it will be a solid short-term buy opportunity, targeting the top of the Channel Up. Below the bottom of the blue Channel, we expect further selling towards the 4H MA200 (orange trend-line) for the first time since January 06. As long as the 1D MA50 (yellow trend-line) holds, EURUSD remains a medium-term buy opportunity, eventually aiming at the 1.09400 Resistance, which is a triple top (April 07, 11 and 21 2022 Highs). A break below the 1D MA50, can restore the bearish trend, and we will target the 1D MA200 (red trend-line). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
1