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Eurx

EUR/USD Short Opportunity Looking at the 4 hour chart here there are several things I have charted that make my decision for looking for short entries more favorable for myself. Personally, I use my own scripts and scalp intraday sessions and zones, but this analysis allows me to ignore the bullish side of things until otherwise seeing a reason to reverse my bias. Several news factors played into last weeks price action and on the 4hr you can see that we are finally breaching into that large gap that was created the beginning of April where a large amount of shorts came into the market off of a strong DXY (US Dollar) and I give credit to the push on the Euro this week to the strong earnings on the stocks side of things in the USA. (US30, NAS, SP500) This leading to the dollar softening or possibly profit taking? Hard to call those things but I see this a great entry opportunities for shorts because as you see by the first technical I will go over here, that gap has a fibonacci retracement that has been respected at the .50 level. It also ties in with a 4hr long term trend line that this would be the 5th tap into, which can sometimes mean a 'weaker' trend due to the fact it keeps getting tapped into shows there is interest, however in this scenario you also see a parallel channel that stays respected for a good amount of time on the 4hr. I see all these factors playing into the Bishop RSI v2 which takes 6 intraday timeframes and takes their RSI value and applies a FRAMA calculation to it and provides it as one single line. This has given me great accuracy on picking tops and bottoms or weakening trends in this scenario. If we have some bullish dollar movement and can continue on our bearish long term trend on the EUR/USD pair here, we can see a 1% retracement this week (very reasonable and realistic) and it would line up with support levels which would most likely be targeted IF the pair goes bearish. Thats the scoop on it as of now!
Short
by mbfxtrading
j.Hejazi | EURO index Sell Signal WatchThe price attempted a false break out of the ascending wedge and was rejected by the yearly resistance at 1033, leading to a downward move. A divergence is evident on the MACD indicator. In order to consider a sell signal, we need to wait for the price to break down to 1025.5 ---------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
PEPPERSTONE:EURXShort
by Candlestick_OB
👻 $DXY $BTC Divergence [What's up with $EURX and $CRO?]Usually when $DXY tanks, $BTC and other investment assets rise, but today is again diverging from the norm (2 or 3 time in the past days). What explains it? Perhaps the fact that $EUR is 🔺 up? A rebalancing of the currency books, perhaps? Or we're setting up for a fake out in during US open. Where are my currency experts at? The market seems to expect more dovish announcements during the upcoming Jacksonhole FED event; my take based on Chair Powell's speech in June is that we could indeed expect rather a 100bp hike (very hawkish) or at least 75bp, again like last time. The doves are hoping for a 50bp hike. If we get 50bp, does it feel like the market will be ready for a rally? I stopped out of the majority of my $cro short around .13. Looking to add more back in some more if we dump through the .1285 - .13 range and retrace back to these levels. I expect 20750 to be an important stopping point for BTC and opportunity for quick long scalp for a few points if the dumpiness continues during the EU trading session, as I would expect the US brinks to put a little long pressure on before it shows it's true intention for the day to either continue the $dxy dump and move into longing other asset prices, or to reverse and really dump the markets at market open. Summary, SHORT. My analysis still isn't solid and clear; but i'm hoping you're following along and interested anyway. Comments, suggestions, questions welcome! GL out there!
FTX:CROUSDShort
by calmrat
Euro index #EXY #ECX #EURX - bullish on 1M TFEuro index EXY is bullish on 1M TF according to momentum indicators. EXY looks also bullish on 1D TF, but bearish on 1W TF. In September I expect bottom formation and a bullish cross forming on MACD and WaveTrend oscillator. %K line (blue) of StochRSI has already crossed above %D (red) which means that a buying signal has been generated on 1M TF. StochRSI %D will move above 20 and more bullish momentum will build up which will start the next bullish cycle in EXY which could bring it to the next swing high to about €121 - 117 somewhere between Nov 2020 - May 2021. If there is enough strength from the bulls this will lead to falling prices in commodities like oil, gold and silver (measured in EUR). Commodities will start to raise again after mid of 2021 when EXY losses its strength again. This should be considered in technical analysis of commodities.
TVC:EXY
by PatMoar