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The euro is under pressureThe euro is under pressure The euro / US dollar has reached its lowest level since June 3, 2020, as traders assess the divergence between the eurozone and the US economy. The pair is trading at 1,150, which is about 3% lower than the highest level this year. US economy and the euro area Recent economic data show that the US economy is recovering faster than the euro area. For example, on Friday, German statistics showed that economic growth slowed in the fourth quarter. Other countries, such as France and Spain, are experiencing significant improvements. While the German economy shrank, the US economy grew strongly in the fourth quarter. This was a sign that the effects of the Omicron type were not as severe as analysts had expected. Meanwhile, the US labor market has been stronger than Europe. For example, the unemployment rate in the United States has dropped to 3.9 percent. In Europe, the unemployment rate is around 7%. Thus, the EUR / USD pair has fallen as investors predict that the Federal Reserve will be more aggressive than the European Central Bank. Analysts have differing views on the number and size of the Federal Reserve raising interest rates. Goldman Sachs analysts, for example, expect the Federal Reserve to raise five interest rates this year. Other analysts at other banks forecast about 3 or 4 increases. Central bank officials are also unsure of what to expect. Analysts, on the other hand, expect the European Central Bank to continue its low-easing purchases and is unlikely to increase this year. Later this week, the EURUSD pair will react to the latest US jobs figures and eurozone inflation figures for January. Euro-dollar forecast The daily chart shows that the EUR / USD pair has been in a strong downtrend recently. In the daily chart, we see that the pair has been able to move down the pattern of the bearish flag shown in black. It also fell below the 25-day and 50-day moving averages while the stochastis oscillator reached the sell-off level. Therefore, this pair is likely to be ahead of the latest US NFP data. The next key station to watch will be at 1,1050.
Short
by Alisabbaghi
BNB Entered Into Its Buying Zone (A Good Buying Opportunity)The Back Ground and Psychological Support Zone BNB broke its psychological resistance level of 140$ on Feb 17, 21, and after that, in the next few days, we witnessed the biggest move, which was backed by the biggest volume that BB ever witnessed in a day. It was the day of Feb 19, 21. The candle started from 193$ and made a high of 353 which was the biggest move; the volume traded on that day was maximum, the market never witnessed that volume after that day. That candle provides two strong levels, both on the support side now. Price remained hesitant to establish inside the first zone and was rejected two times. Point: Historically seeing the support zone is well established. A good demand lies in this support zone. RSI is trending lower from Nov 21, 2021, and has visited the oversold zone two times, currently witnessing divergence. Finally, it lost 50% from its high 667 and now facing strong support. Pay Attention Keep a close eye on the BTC level of $30K (which is the only threat for this trading idea); there are fewer chances that BTC will break below this level, but if it wisely broke this support zone, then this BNB Trading Idea will become invalid. So observe price action in the support zone keenly, and on a rejection, get in and hold it for the next two quarters or the first TP $600. Risk / Reward and Holding Period Any move below 320$ will be short-lived; the price will retract quickly above 320$, While on the flip side, Instead of Stop Loss, I recommend DCA at $220. TP1 is 600$ (Achievable till Jun 30 2022) while TP2 is 1000$ (For 2022) It is not financial advice; always do your research. Please, feel free to ask your question; write it in the comments below, and I will answer.
Long
by Booming-Crypto-Ideas
Wondering what BTC is doing?4h chart: Right now it is fighting around the $43400 level that is a confluence point formed by an ascending trend line and fib level. Lower targets: 41800 Higher targets: 45800 If we look at it in a simple manner this can be a RR 2 or less trade, depending on your entries. And yes, mid term view is bullish, hence the long trade idea. 15m chart: Trying to escape the range : My money is that it will ! Daily chart: Not much changed since the last update, the formation is looking bullish short term Waves: The daily waves look perfect for an upwards pointing move, basically all the conditions are met to a future spring to the upside.
Long
by SublimeTraders
We may see a bullish rally in SHIBHi, This is SHIB/USDT daily chart. A few days back, the price had dropped to 29-30 level. It was a fundamental support level. As we had expected, the price went rebound from there. Now the price is getting the resistance at 37-38 level. We had a rebound, but unfortunately, volumes are not convincing this time. If the price breaks the resistance, we could see a bullish rally in the near term. Here is the trading plan. If the price breaks the resistance, I shall place the stop-loss below the resistance that will turn into support. The target will be 53. The reward to risk ratio is 3.5. If you like the idea, press the like button. I shall wait to hear from you in the comments.
Long
by jawwadsaif
1
EUR/CAD Wyckoff Short opportunity!Possible selling opportunity in EUR/CAD very soon! As you can see it looks like we have been going through a type 1 Wyckoff Distribution schematic at our point of interest which means that institutions and banks could be trying to gather liquidity by stopping out all the buyers and sellers before a big push off. As its a distribution schematic we will be looking to go short. Price has come into a key last area of support which if we see bearish selling pressure from here i will be looking to enter. To add confluence to this we are bullish on CAD and yesterday we noticed a big Wyckoff Accumulation schematic on CAD CHF which has been melting today from which i will be looking for another entry point! Feel free to leave any comments about the idea!
Short
by PercentageOverPips
GBP/CAD Short Opportunity!Possibility for a short opportunity in GBP/CAD soon! Price has been steadily working its way back up to the structure high over the past couple weeks and now has shown a rejection. On top of this we can see a very clean trend line which is where a lot of retail traders have been buying from meaning that there is a lot of liquidity underneath that the institutions will want to grab. Therefore once we break structure, i would be looking for a pull back from which to go short on down to the demand area highlighted in blue. Feel free to leave any comments about the idea!
Short
by PercentageOverPips
4
CAD/CHF Wyckoff Buying Opportunity!Possible long term buying opportunity in CAD/CHF very soon! As you can see from the chart we have a type 2 Wyckoff Accumulation Schematic that played out perfectly after coming into a major point of interest. Price has now come all the back back down to possibly test the whole schematic and to pick up any more institutional orders left at those levels. We have recently seen a strong push up in price which caused a break of structure, therefore leading us to believe that we could be taking a turn around. If this is the case the confluence on this trade would be ridiculous! Im waiting to see price come down to the zone drawn in blue before looking for structure shift on the lower timeframes. If price does turn around here the upside is massive and there is a lot of money to be made!! Feel free to leave any comments about the idea!
Long
by PercentageOverPips
EUR/CAD Update!! Wow! We couldn't have been more bang on with the forecast! Price came down perfectly to take out the equal lows where we knew liquidity was resting below and hit our demand zone to the pip! If you had a buy limit order set you would currently be 15% (or 120 pips) up in this trade with another 15% still to go!! I will be looking for another entry into EUR/CAD once we break the resistance level which has been tested 3 times already which means its weak and likely to break soon. Forecast- Feel free to leave a like and any comments about the idea!
Long
by PercentageOverPips
EUR/CAD Possible Buying Opportunity!Possible long opportunity in EUR/CAD soon! I have a long position currently running in EUR/CAD which can be seen in a previous post, this position was after an impulsive break of structure where we saw price move in a descending corrective manner into structure. Yesterday we saw the same exact price action where we impulsed through the previous high to create a higher high and where now we are retracing in a corrective manner. As you can see from the chart, price has just created equal Lows which means that liquidity is resting underneath this level which normally gets taken or wicked out which then shows intended direction of price, in this case it would be to the upside. Taking this into account then, i will be waiting to see how price reacts around this region and if price does break lower, i'm looking to see price come into the supply zone to gather more sell orders before taking off from there. I will also be looking for breaks of structure on the lower time frames for bullish confirmation. Obviously this all depends on price action at those levels as price could very well breakout from here so we just need to be wary. Feel free to leave any comments about the idea!
by PercentageOverPips
2
Possible NZD/USD Buying Opportunity!Possible long opportunity in NZD/USD very soon! Since the start of Feb we have been in a descending correction on the weekly time-frame from which we have come down to the weekly key level in the region of 0.68000 where we have seen price react. Currently, we are trading within the Lower High and the most recent Low. If price breaks below this level on the daily then i will be looking for selling opportunities rather than buying. However, we have seen 2 days of bullish and indecisive price action around this key level which could mean price wants to take a turn around. This is also in line with the NZD index as price flow is near identical and has printed an indecisive candle with more buying pressure than selling and a morning start candle on the daily. This gives confluence to the fact that price could bounce from here, however there is always the possibility that price could melt through this level but that just means no trade yet. If we do see strong bullish price action or a structure shift on the lower time frames then i will be looking to target the descending trendline as my take profit for about a 5% gain. NZD Index- Feel free to leave any comments!
by PercentageOverPips
2
Trades Update! All the trades are melting! A lot of the trades didn't pull all the back to the ideal entry zones before melting off, however, that is only one entry, there will be other opportunities. I managed to get an entry into EUR/CAD from a 2 Hr bullish engulfing candle which showed bullish momentum and intent. I did buy limit order for 50% of the candle from which price came down perfectly to meet before taking off. My stop is 20 pips below the low which normally gives price enough room to move and I am targeting the weekly key level around the region of 1.46500 which is a 1 : 3.7% gain if take profit is hit!
by PercentageOverPips
3
My Current Position in USD/CHF. Low RiskDisclaimer: Any of the content presented on my page showing my analysis of the market is just that, an analysis which means this is my personal opinion of where the price is going to go. Do not by any means take this simple analysis for a reason to enter a trade, I am not presenting these analyses as a form of signals, simply a way to get feedback and opinions from others on how my trades look. Take this trade at your own risk, but know forex is a risky market that you can make a lot of money but can lose that money or even more just as fast, enter these markets with your own risk and good luck with your trading :). Daily Analysis: Still there is not much price action to base this trade off of on higher time frames except a big pin bar, but we can clearly see that there was already a huge drop in price in the previous few days and there could be a large amount of sellers that are still in the market. I am going to try and take a low risk trade with a tighter than usual stop loss to get me out of the trade early if I need to. There is a lot of Demand for the Swiss Franc right now and the whole world is at a stand still with the new Omicron Variant that is already becoming more and more relevant. We may see a big pullback in all sectors, or we could see a stable economy while dealing with yet another virus. Hourly Analysis: Price has shown continued momentum to the downside all while having small pullbacks to the upside multiple times throughout this push to the downside. As you can see the big bullish candle to the right of the arrow had closed well below the recent lows which are pointed out by the arrow, this leads me to believe that their is still going to be momentum left in this move and this could be a low risk but high reward trade. Thanks Again, KeySlot
Short
by KeySlot