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Eurusdtradeplan

DXY Intra Day Play 03.06.2024On the 15 M Chart for the day we are seeing the greenback break out of the descendi trangle wedge to the upside at 104.700. The market is still waking up from the weekend's pause so there are no major movements to give us clear indication that this continuation will sustain itself other than liquidity sweeps from the previous weeks. I am keen on seeing this breakout continue as it will give me further conifrnation to enter sells on EUR/USD which has broke below the asian low and has now found itself adncing below the 200ema. Chart: I am also keen on seeing this corrolate with Gold and Silver who are also both showing signs of trading below last week's POC levels Silver: Gold: This will make it a rather interesting start to the week,,, especially if the PMI results do come back as forecasted at 49.8 or even stronger this afternoon when the US Market opens up. Hope you have a great day and that your screens are green. Let me know what you guys think. Happy Trading.
TVC:DXYLong
by FXCapitalClub
EURUSD Breakdown for Upcoming WeekGood Afternoon Traders, The Euro is looking to continue its move upward on the USD, but not before pulling back to Support. Bearish Divergence has formed on the 8H and price may be pulling back to the Support around 1.10000 RSI is in over-bought territory and may form a lower-low following the anticipated pull-back. Long entry consideration would be made following rejection at the support (1.10000) and formation of Hidden Bullish Divergence on the RSI/MACD. On the 1D, price is hitting a moderate resistance and RSI is nearing Overbought territory. Thanks for reading. If you liked my analysis, please give me a follow. *The above is not investment advice but simply my analysis of the current market conditions*
by pofseur
(Sell) EURUSD Technical Analysis for April 25, 2018Hello Traders, From our previous preview of this pair, all we needed were lower lows and that we got as price action shows. As you can see, not only is there is a stochastic sell signal in the weekly chart but bears are capitalizing on that clear bearish divergence following an over-extension/EURO over-valuation by week ending February 2. However, that’s not all. There is a bear break out below the main support trend line in the weekly chart. This therefore means the only way of turning a decent profit is to trade with the trend and that means taking short positions in lower time frames. If bear momentum is strong, assuming we see a divergence of %k and %d in the weekly chart in the coming sessions, then we can enter shorts right away without expecting prices to bounce back as they do whenever there is a break out like this. In the 4HR chart, sellers are on the upper hand. Despite earlier bull pressure following a stochastic buy signal and a confirming candlestick, prices are fading that move. Conservative traders can wait for a break below 1.218 or this week’s lows before initiating sells but if you want to short now then you can with stops at 1.2250. Because of this inclination, my EURUSD trade plan will be as follows: Sell: 1.221 Stops: 1.225 Take Profit: 1.16 Let me know what you think. Have a good trading day!!! This Analysis was first posted at Forex.Today by Dalmas Ngetich
Short
by Kipyegonn