F-EUR
Bearish reversal?EUR/USD is reacting off the pivot which has been identified as a pullback resistance and could reverse to the pullback support.
Pivot: 1.0913
1st Support: 1.0843
1st Resistance: 1.0950
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.
Multi- Swiing High ResistanceEUR/USD is currently on a very strong resistance zone and could reverse from this level to the downside.
1D EURUSD1D- daily TF as well long context, after reaching 1st target possible correction to fvg bellow with further long context
EURUSD 14/7/24The EU this week sits within a bullish trend and bullish range. This, of course, goes against the higher timeframe biases that we have discussed over the last several weeks in our Sunday markups. However, we follow what the price shows us, not what we want it to do.
Coming into this week, we have a relatively neutral bias in terms of direction. Bullish, of course, is our main priority, as that is the way the market is showing us it wants to go. However, the break of the four-hour high, highlighted by the last bullish range, is relatively weak on a larger scale. This leads us to believe there is potential for a pullback or a reversal/continuation of higher timeframe price action.
This brings us to our predictions for this week. First, we need to confirm our four-hour high, which we have not yet confirmed. We have a clear four-hour low, giving us our current bullish range. Based on this, we're looking at the area of demand at the base to push the price higher or for the price to continue higher without interacting with this area at all. If this area fails, we'll be looking at a bearish four-hour range, and ultimately, the price will come down to find a higher timeframe order block to either continue moving higher or break lower, confirming the higher timeframe bias we have been discussing.
Key factors to watch are liquidity across the lows, which will build a lot of momentum if we start to sell off, and the daily candle to see where it closes, as there could be potential for a high timeframe rejection.
EURO - Price can start decline from resistance line of channelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some days ago price entered to rising channel, where it at once broke $1.0710 level and fell to support line.
Next, price bounced from this line and soon broke $1.0710 level again and made the first gap, after which continued to rise.
Then Euro made correction to support level and then bounced up to $1.0840 level, forming another two gaps.
Some time later, price traded near $1.0840 level, and a not long time ago broke it, after which rose to resistance line of channel.
But then, EUR at once made correction, so now it trying to back up to resistance line.
Possibly, price can reach this line and then bounce down to $1.0820 points, breaking support level.
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CRYPTO LONGI think crypto market going to up.
This is total1 / USDT.D chart. I draw before bull market cycles. Now we at bull market again and with BoS in full chart.
So this bull market will better from previous bull markets.
EURUSD: Daily ReviewHello traders,
First let's take a deeper look at daily chart!!
We are in a bullish leg of a bearish channel. I'm waiting for a reversal to enter around the zone!
Falling towards 61.8% Fibonacci support?EUR/USD is falling towards the support level which is a pullback support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.08447
Why we like it:
There is a pullback support that aligns with the 61.8% Fibonacci retracement.
Stop loss: 1.08090
Why we like it:
There is a pullback support level.
Take profit: 1.09116
Why we like it:
There is a pullback resistance that lines up with the 61.8% Fibonacci projection.
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.
Could EUR/JPY reverse from here?The price is rising towards the pivot which acts as an overlap resistance and could potentially reverse to the 1st support.
Pivot: 173.65
1st Support: 171.82
1st Resistance: 174.53
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/CAD is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance.
Pivot: 1.47874
1st Support: 1.47379
1st Resistance: 1.48459
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.
EurGbp will be bearish bias. Should be pullback to shortHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
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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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Shorting EUR/USD Amid Market SpeculationsWe are taking a strategic short position on the EUR/USD pair. The major currency pair has experienced strong gains recently, primarily driven by the US Dollar (USD) being under pressure due to firm market speculation that the Federal Reserve (Fed) might reduce interest rates in September.
Despite this bullish momentum, the EUR/USD pair seems to be approaching a resistance level that could trigger a reversal. This anticipated reversal aligns with our identified Supply area and the 78.6% Fibonacci retracement level. These technical indicators suggest that the pair is poised for a potential downturn.
Additionally, our analysis of the Commitment of Traders (COT) report, focusing on non-commercial speculators, supports this outlook. The data indicates a possible shift in market sentiment that could favor a bearish move. Coupled with our seasonal forecast, which also points towards a downturn, the confluence of these factors strengthens our case for shorting the EUR/USD pair.
In summary, the combination of technical resistance, COT data, and seasonal trends presents a compelling case for a short position on the EUR/USD. We are confident that the alignment of these factors provides a robust foundation for our trading strategy, anticipating a reversal from the current levels.
✅ Please share your thoughts about EURO in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
EURUSD - 4H Bullish SignsEURUSD has recently filled the gap from the start of the week and is showing signs of potential continuation of its bullish momentum.
Given this gap fill and the recent market structure, there is a likelihood that EURUSD may complete its second leg higher. This suggests that the pair could see further upward movement as it follows through on this bullish leg, with key levels above to watch for resistance.
EURHUF 1D MA50 buy entry.The EURHUF pair has been trading within a Triangle pattern, which based on the highly symmtric structure of the 1D RSI, may break above its top (Higher Highs trend-line) and transition into a more aggressive Rising Wedge (diveging Higher Highs).
The last Higher Low was priced below the 1D MA50 (blue trend-line) and since the RSI's Channel Down shows we are on the level where the final Low will be priced, we expect a strong rebound next.
The previous Higher High was priced a little below the 1.236 Fibonacci extension. As a result, we set a 403.000 Target (on the diverging Higher Highs and marginally below the 1.236 Fib).
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EURGBP: GBP's news was good!Hello Traders,
This is the long-term bearish channel of the pair:
Reaction to the gap and middle of long-term channel is clear in the above chart.
Let's search for TP!
This is a Strong Resistance
I think it might be a good target
Let's take a look to the news!
Most important one which is GDP was a surprise for Pound, bearish for the pair.
Monthly industrial production was supposed to rise from -0.9% to 0.3% but it stopped at 0.2%. It has been considered to be bad for GBP! I think it's almost nothing compared to GDP news. All other important factors were positive too, Only trade balance which I think again less important than others.
Technically and Fundamentally I'm short!!
I'll enter after Order flow or LTF structure confirmation.
1st TP: (For short term-traders with lower SL)
Daily Pivot
2nd TP: Support line and middle of short-term channel
3rd TP: Bottom of both channel
Falling towards 38.2% Fibonacci support?EUR/NZD is falling towards the support level which is a pullback support that lines up with the 38.2% Fibonacci retracement and could potentially bounce from this level to our take profit.
Entry: 1.77237
Why we like it:
There is a pullback support level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 1.76387
Why we like it:
There is a pullback support level which aligns with the 76.4% Fibonacci retracement.
Take profit: 1.78532
Why we like it:
There is a pullback resistance level which lines up with the 161.8% Fibonacci extension.
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.
EURCHF: Short OpportunityThis is the Daily chart
We are between two zones! both are strong enough to make the pair be in a range.
Regarding the 2h chart a bullish channel is broken
Sign of weakness in Buyers! You can see strength of CHF in USD CHF chart too!
Yet soon to short! I'll short after breaking the zone! with final target of 0.9600
Bullish bounce?EUR/USD is falling towards a support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.07959
Why we like it:
There is an overlap support level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 1.07684
Why we like it:
There is a pullback support level.
Take profit: 1.08443
Why we like it:
There is a pullback resistance level.
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.
Falling towards 38.2% Fibonacci support?The Fiber (EUR/USD) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance.
Pivot: 1.07763
1st Support: 1.07391
1st Resistance: 1.08442
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.
Potential price rise?EUR/GBP has reacted off the pivot which has been identified as a pullback support and could rise to the 1st resistance.
Pivot: 0.84350
1st Support: 0.84130
1st Resistance: 0.84752
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.
EUR/USD Continues to Rise: Potential Resistance Levels AheadAs forecasted in our previous analysis, the EUR/USD pair is continuing its upward trajectory. This growth is in line with our expectations, but we are approaching key levels where the pair may encounter resistance.
One of the primary resistance areas we have identified is around the 1.0860 level. This supply area has been drawn based on historical price actions and is anticipated to act as a barrier to the current upward momentum. Just beyond this level, we see further resistance at the psychological level of 1.0900, which often serves as a significant hurdle due to market sentiment and trader behaviors.
In these areas, we are looking for a possible reversal of the price. This outlook is reinforced by the latest Commitment of Traders (COT) report, which provides insights into the positioning of major market participants. The COT report indicates that traders may be preparing for a shift, aligning with our expectation of resistance and potential price reversal at these levels.
Additionally, the chart reveals a 78.6% Fibonacci retracement level that coincides with our identified resistance zones. Fibonacci levels are widely used in technical analysis to predict potential reversal points, and the 78.6% retracement is particularly notable for its reliability in signaling resistance.
Furthermore, the dynamic trendline of a bearish channel, which has been tracking the pair's movements, also intersects near these resistance levels. This trendline adds another layer of potential resistance, suggesting that the price may rebound upon reaching this confluence of technical indicators. Although this detail is secondary, it provides additional confirmation of our analysis.
✅ Please share your thoughts about EUR/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
EURNOK Strong buy opportunity.The EURNOK pair has made contact today with the 1D MA50 (blue trend-line) as a Resistance for the first time since May 16. This is the start of the new Bullish Leg of the 1-year Triangle pattern.
All bottoms (green arcs) have been formed when the 1D RSI broke below the 30.00 oversold barrier, so this is technically a medium-term buy opportunity.
The previous Lower High was priced on the 0.85 Fibonacci retracement level and the one before on the 0.95. As a result, our medium-term Target is 11.7500 (just below the 0.85 Fib).
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