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EUR/USD: technical and fundamental outlookAs it can be interpreted from the chart analysis, the overall trend of the pair is strongly bearish, as the price has been dropping for a couple of months now. While the price is ranging within the boundaries of a formed triangle pattern, we are positive that the lower boundary of the formed pattern will be broken and bearish moves will resume. If the price successfully breaks out of the triangle, the price will drop all the way down till the previous Lower Low (1.118) and even deeper down. On the fundamental side of the events, we have some important economic news this week. We will have FED make a decision on the interest rates on the 15th, and the European Central Bank make decisions on the 16th. If everything goes according to the plan and nothing extraordinary takes place, EUR/USD will drop even further and make new Lower Lows. Happy trading, everyone!
Short
by Investroy
6
THE ART OF MULTI-TIMEFRAME ANALYSIS AND MULTIPLE CONFLUENCESHey, wizards, hope you are all having a great week so far! We would like to welcome all of you on another educational post, the topic of which is Multi-Timeframe analysis and multiple confluneces involved. As it can be inferred, the Monthly and Weekly timeframes are used to determine the direction of the market, the Daily timeframe is used to identify key areas and important zones, and finally, the 4-hourly timeframe is utilized for entering trades. Now, let’s dig deeper into it and analyze the situation that we have on EUR/USD. MONTHLY: Observing the weekly timeframe graph, we can say that the price has been printing bearish candles for a few consecutive weeks. As one of the main trading principles says, after a strong impulsive move, a correction is needed. We can witness some bearish weakening signs and therefore we are looking for a short-term long position. Our possible target would be set at a previous level of support turned resistance, which aligns with the golden Fibonacci zone. WEEKLY: Leveling down to the weekly timeframe chart, we can see that the price is consolidating, as it is unable to push lower. Technically, after long lasting consolidations, it is believed that the price will either fly like a rocket or drop like a needle. This gives us another confluence and backs up our plan. DAILY: Moving down to the daily timeframe graphic, we can notice that the previous candle was super bullish and some kind of an ascending triangle is being formed. If the price breaks and retests the upper boundary of the formed triangle, we can see some nice bullish moves. 4H: Last but not least, the 4-hourly timeframe a.k.a. the timeframe of entries. After a massive bullish push to the upside yesterday, the price has started correcting before further bullish moves happen. Here, we are using two entry confluences: the area of previously broken structure that nicely aligns with the 61.8% fibonacci retracement level. Before entering the trade, we will carefully monitor the price action and wait for the price to bounce off the local zone. We are hoping that this educational post will be of value for you and we are wishing you all a great day! Regards, Investroy Team
Education
by Investroy
28
EUR/USD: plans have changed, time to go longAs it can be inferred from the graph, after failing to form Lower Lows, bulls stepped into the game and drove the price up. Moreover, strong bullish candles have been printed and the price neatly broke out of the descending channel. The overall bias for this pair remains bearish, but on the lower timeframes, we can clearly see that at the moment the price is strongly bullish. We are gonna open long positions and aim for the zone of resistance indicated on the graph.
Long
by Investroy
18
EUR/GBP, change in bias. Time to get ready to flyInitially, our bias was bearish for this pair, as the price was consolidating and forming a top at the area of the descending trendline. However, after a nice bullish candle broke the level of resistance and closed above, we have shifted our bias from bearish to bullish, and we will be executing once the price re-tests the broken structure, as indicated on the graph. Our target level will be set at the area indicated on the chart
Long
by Investroy
2
EUR/USD, detailed breakdown and next possible targetAs it can be seen from the chart, after reaching an important key level of 1.137 last week, the price immediately reacted to the zone and started dropping. Moreover, on smaller timeframes, a descending channel has been formed. The price has printed some nice candles and rejected the local zone of 1.131 resistance. It is highly likely that the price will continue dropping and reach the level of 1.118 Have a great trading week, dear TradingView community!
Short
by Investroy
17
BITCOIN (BTC), quick update. When are we launching to Mercury?Hey, family! Quick update on Bitcoin. Nothing much has changed since our last analysis on Monday as the price is still consolidating around a possible entry zone. The chart analysis pretty much says it all about why our bias is bullish on this pair. Multiple technical confluences are being lined up perfectly: the formation of Higher Highs and Higher Lows, an ascending zone connecting the dips of the price and so forth. We are pretty positive about the setup and we will be opening long positions once the time is right and our target will be set at the ATH. Trade safe and with patience, dear community members! All the best, Investroy Team
BITSTAMP:BTCUSDLong
by Investroy
30
USD/CHF, detailed breakdown of the chartFirst of all, taking a look at higher timeframe charts, it can be clearly noticed that the overall sentiment of the market is bullish. The price is currently wandering around the area of the ascending zone, as it is indicated on the graphical illustration. As we can notice from the previous encounters of the price with the local ascending zone, before launching to the upside, a nice bottom had been being formed in all cases. Thus, we will now be patient and wait for the price to form a decent bottom at the local zone of support, before we open BUY positions and aim for the target zone identified on the chart. From the fundamental side of events, we have NFP news tomorrow, which will have a huge impact on the US Dollar and the overall market. If everything goes according to the plan and the figures turn out to be in favour of the USD, we will see some great movements on USD/CHF. Happy trading, everyone!
Long
by Investroy
24
GOLD (XAU/USD), detailed breakdown and next stepsTO begin with, the sentiment of the market is pretty bullish. After a massive drop last week, the price has formed a valid bottom and is now charging up for further bullish movements. During the market opening this week, a massive candle spike broke the sideways moving range to the downside, grabbed some liquidity, and then returned back into the range. We are patiently waiting for the market to give us some more confirmations before we open BUY positions and and aim for the target identified on the chart.
OANDA:XAUUSDLong
by Investroy
42
GBP/USD, beautiful channel formed. What's the next step?As we can notice from the graph, a beautiful descending channel has been formed and the price is currently sitting on the lower boundary of it. We can see some signs of bullish movements around this area and we are pretty positive that the price will keep rising and reach the upper boundary of the channel. However, we have to take into consideration the major USD news that we have this week. If everything goes according to the plan, we will see some nice bullish movements on GBP/USD. Happy trading, everyone!
Editors' picks
Long
by Investroy
75
ETHEREUM: WEEKLY OUTLOOKAre we headed towards new highs? Is ETHEREUM ready to keep flying and reach Pluto? Well, maybe. You know, nothing is 100% sure in life. The closest thing that we all have to perfection is confidence and belief in our analyses. From a technical perspective, after piercing through an important level of resistance, the price has come back to re-test it. The same level nicely aligns with the 38.2% level of Fibonacci retracement tool, which gives us some more confirmations and confluences. On the fundamental side, the long-term growth of this cryptocurrency is almost inevitable, as the overall sentiment is really bullish and investors are pretty positive about it. Well, after all, as per usual, time will tell what happens. Patience is one of the most important things in trading, remember? Trade safe and have a great week, family!
BITSTAMP:ETHUSDLong
by Investroy
9