EURUSD ASIA BREAKOUT Hello my guys
We have more the more of liquidity
So the market should take it
So that get energy
So I think it will drop
F-EUR
Euro can rebound up from buyer zone to 1.1190 pointsHello traders, I want share with you my opinion about Looking at the chart, we can see how the price hit the support level, broke through it, but then quickly turned around and dropped to the lower part of the range. After that, the EUR reversed and bounced back up to the 1.0960 level, broke it again, exiting the range, and then climbed to the resistance line. The price then reversed and made a correction move to the support line, after which it started to rise near this line to the current support level. When the Euro reached this level, it broke through and kept rising until it hit the resistance line, but not long ago it turned around and made a correction move to the buyer zone. Right now, the price is trading near this zone, and I think the EUR might drop to the buyer zone before rebounding up. So, that's why I set my TP at 1.1190 points. Please share this idea with your friends and click Boost 🚀
EURGBP Potential UpsidesHey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.84800 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.84800 support and resistance area.
Trade safe, Joe.
EURUSD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.11300 zone, EURUSD was trading in an uptrend and currently is in a correction phase in which it is approaching the retrace area at 1.11300 support and resistance area.
Trade safe, Joe.
Why the EUR/USD Could be Overextended? The euro surged to its highest level in a year yesterday, marking a fourth consecutive day of gains, before turning red.
This rally suggests growing market confidence that the eurozone may avoid a hard landing. Recent data supports this sentiment: final inflation figures for July show core inflation, which excludes volatile food and energy prices, holding steady at 2.9%—unchanged from May and June.
But the U.S. dollar is also weakening amid expectations that the Federal Reserve will initiate a series of interest rate cuts, potentially beginning in September.
However, it's not just the Fed eyeing September rate cuts and this might mean that the EURUSD is a little overextended.
Eurozone policymakers have downplayed concerns over persistently high inflation, with minutes from the July meeting revealing an "open mind" towards rate cuts at the September meeting.
Markets now anticipate a roughly 90% chance of a 25-basis-point cut next month, with the possibility of another cut by December.
EURO - Price can fall from support line of wedge to $1.1000Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some time ago price entered to rising channel, where it at once broke $1.0735 level and some time traded in support zone.
Later EUR reached support line of channel and then bounced up to resistance line of channel, breaking $1.0735 level.
Also, price made a gap, after this, Euro exited from channel and entered to wedge, where it fell to support line at once.
After this, price made upward impulse from support line of wedge, higher than $1.0945 level, breaking it.
Price some time traded between this level and a not long time ago bounced up to resistance line of wedge.
Now, I think that Euro can rise to resistance line and then bounce down to $1.1000, exiting from wedge pattern.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Here’s a warning for latecomers to the EUR/USD rallyEUR/USD has surged to highs not seen since July 2023. However, such has been the rush to buy since the start of August, it’s now sitting at extremely overbought levels on RSI (14) on the daily.
That should be a worry for late-to-the-party longs considering that outside the early stages of the pandemic, whenever EUR/USD has been this overbought, it’s coincided with some form of near-term top. Some have been small reversals, other considerably larger.
While that doesn’t guarantee another reversal on this occasion, it is a warning to those chasing the pair higher ahead in anticipation of Fed rate cuts. They were priced in long ago with the magnitude of expected easing not really changing over the past fortnight even as the dollar sank. The move comes across as technically driven, potentially making the signal from RSI more significant.
If we were to see a EUR/USD reversal, 1.1140, 1.10452 and 1.0948 are downside levels to note. Should the signal from RSI prove to be false, a continuation of the rally would likely target a push towards 1.12760, the high set in July last year. Watch for a topping pattern to strengthen the conviction of the trade. That’s not arrived yet on the daily timeframe.
DS
Bearsih reversal?EUR/CAD is rising towards the pivot which has been identified as a pullback resistance and could reverse to the overlap support level.
Pivot: 1.52076
1st Support: 1.51182
1st Resistance: 1.53004
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish drop?EUR/NOK is rising towards the pivot which acts as a pullback resistance and could reverse to the 1st support which aligns with the 127.2% Fibonacci extension.
Pivot: 11.74014
1st Support: 11.60040
1st Resistance: 11.84572
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EURUSD will go up ??? lets seeEURUSD FVG testing and ... to UP
we are wating to go about 0.095 price
Potential bullish rise?EUR/JPY is reacting off the support level which is an overlap support that is slightly above the 38.2% Fibonacci retracement and could rise from this level to our take profit.
Entry: 161.19
Why we like it:
There is an overlap support level that is slightly above the 38.2% Fibonacci retracement.
Stop loss: 157.59
Why we like it:
There is a pullback support level which lines up with the 61.8% Fibonacci retracement.
Take profit: 165.15
Why we like it:
There is a pullback resistance level which aligns with the 78.6% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
looking for Sell EUR/USD around 1.11(8/20/2024)it's still too soon to jump to a conclusion but it seems EUR/USD is moving inside a big diagonal triangle and right now has hit the upper dynamic trendline.
we can sell EUR/USD if the price shows some bearish signs around here.
Our technical view has been shown in the chart.
If you like it then Support us by liking, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
HelenP. I After movement up, Euro will start to declineHi folks today I'm prepared for you Euro analytics. A few moments ago price rebounded up from the trend line and rose to support 2, which coincided with the support zone. Soon, the price broke this level and continued to grow, but later turned around and made a correction movement to support 2. Next, the price bounced and some time traded near this level until it reached the trend line, after which it made impulse up to support 1, which coincided with one more support zone. After this movement, the EUR rebounded down to the trend line, after which at once bounced and made an impulse up again, but at their moment it broke support 1 and even rose higher than the support zone. Just now, the price continues to grow, for this case, I expect that EURUSD will make one movement up and then start to decline to the trend line, thereby breaking the support level. That's why I set my goal at 1.1025 points, which coincided with the trend line. If you like my analytics you may support me with your like/comment ❤️
EURUSD Excellent long-term reward if you sell here.The EURUSD pair has broken above its 1W MA200 (orange trend-line) for the first time in more than 1 year (since the week of July 17 2023). With this move it entered the (red) Resistance Zone of the practically Rectangle pattern that it has been trading in for more than 1.5 years.
Technically, the above conditions offer a great opportunity to sell for the long-term as during this time, the pair has been rejected here two times and once on the absolute Resistance 2 level (1.12750).
As a result we will use two short positions on EURUSD, aiming to close them on profit at the end of the year. All prior rejections hit at least the 0.786 Fibonacci retracement level, so our Target will be slightly above it at 1.06650. From all angles, this opportunity offers solid Risk/ Reward conditions.
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Bearish drop?EUR/AUD has reacted off the pivot and could drop to the 1st support which acts as a pullback support.
Pivot: 1.65358
1st Support: 1.62714
1st Resistance: 1.67679
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish bounce?EUR/NZD is falling towards the pivot which has been identified as an overlap support and could reverse to the pullback resistance.
Pivot: 1.80567
1st Support: 1.79290
1st Support: 1.79290
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Euro will break support level and continue to declineHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price a not long time ago declined a little and then made a strong impulse up, thereby breaking the support level, which coincided with the support zone. Also, the price started to grow inside the upward channel, where it later reached the resistance line and then made a correction movement to the support line, and at once rebounded up, making a fake breakout of 1.0910 level. Later Euro rose to the current support level, which coincided with the seller zone, and even entered to this area, but soon turned around and fell below, making a fake breakout of 1.1020 level. But soon, the price started to grow and in a short time rose back to the seller zone, breaking this level one more time. Also recently, the price rose higher than the seller zone, but I think that it can rise to the resistance line of the channel and then start to decline. When the price reaches the support level, it can break it and continue to decline inside the downward channel, so, that's why I set my TP at 1.0960 points. Please share this idea with your friends and click Boost 🚀
EURUSD 19/8/24Starting off our week as always with EUR/USD, we have a very simple markup for you this week. We liquidated our four-hour high, which was created after the break of the previous structural high. This has now established a clear liquidity trajectory to the upside. We have an area of demand that sits around the 50% level of the last created range. This will be the first area where we will begin anticipating bullish price action. We’re currently waiting for the four-hour candle to close so we can form our new four-hour high.
The main principle here is that we expect price action to continue moving bullishly, but we are aware of the potential for higher time frame weekly price action to start leading the market with a bearish push. However, for now, we're only seeing upside momentum, so we will follow that. Please note that we have liquidity points marked within our swing structure. If we begin to fail at areas of demand, these could become potential targets. Price action is pretty clean right now, so let's just follow it and continue to track what price is showing us within our entry time frame.
Have an amazing week, and I hope you all trade safe.
Bearish drop?EUR/CHF is reacting off the resistance level which is a pullback resistance that lines up with the 61.8% Fibonacci retracement and could drop from this level to our take profit.
Entry: 0.95493
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement.
Stop loss: 0.96505
Why we like it:
There is a pullback resistance level which lines up with the 78.6% Fibonacci retracement.
Take profit: 0.94270
Why we like it:
There is an overlap support level which lines up with the 38.2% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bullish reversal?EUR/JPY is falling towards the support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 159.97
Why we like it:
There is an overlap support level which aligns with the 38.2% Fibonacci retracement.
Stop [ loss: 157.59
Why we like it:
There is a pullback support level which lines up with the 61.8% Fibonacci retracement.
Take profit: 164.87
Why we like it:
There is a pullback resistance level which aligns with the 78.6% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
The Scenario for New EUR/USD 2024 Highs? Market sentiment is leaning towards three more rate cuts from the European Central Bank (ECB) this year, while economists are more cautious, expecting just two. Should the economists be correct, 2023’s high for the EUR/USD pair could be back in play.
The market's confidence in ECB rate cuts outpaces that in the Federal Reserve. The Fed, facing closer scrutiny, is walking a tighter rope; its first rate cut in years will likely be the most important event of the year (possibly bigger than the US election), as it marks the beginning of a new monetary-policy phase.
Adding to the intrigue is a recent uptick in Eurozone inflation, which suggests that progress on this front may have stalled. In contrast, many believe that U.S. inflation is either under control or nearing that point.
This week's Jackson Hole symposium, scheduled for August 22-24, could provide further insights, particularly from European policymakers. Bank of England Governor Andrew Bailey is already confirmed as a speaker, but the full agenda of talks is released closer to the opening day.
R2F Weekly Analysis - 18th August 2024 (ICT Concepts)Welcome to another R2F Weekly Market Analysis using ICT Concepts along with my own discoveries. I'm going to go through various assets/markets, and give a real-time view of how I perform my analysis on the weekends. I'll give my take on what has been happening, and what I'm expecting in either the coming days, weeks, or months. Without further ado, let's get into it!
- R2F
Gbpusd watching for pullbacks ideally for longHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Watching for a pullback to long. daily chart it has hold on to the uptrend line, last few days momentum was to the bull side. Looking at setups for long on this. Also for Eurusd.
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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