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Usdbulls

#Euro May Post More Losses, Upside Capped At $1.0940Past Performance The Euro remains under pressure and trickling lower. Sellers are unrelenting, looking at the performance in the daily chart. As it is, every attempt higher below $1.0940, marking May 12 highs, may offer entries for determined traders angling for even more drawdown toward $1.0730 in the coming sessions. #EURUSD Technical Analysis EURUSD is within a bearish formation following the double tops in early May. As it is, prices are moving lower, crashing below critical support levels as Euro prices recoil. Moreover, sell bars are riding the lower band, pointing to high selling pressure. This may allow sellers to search for liquidation entries in lower time frames. The neckline and an important support line traders should watch is $1.0730. If this level is lost, there is a high possibility of prices dropping further towards $1.0530 or March 2023 lows. What to Expect? Unless there is an unexpected expansion above May 12 highs with surging participation levels, USD bulls are squarely in control. Therefore, from an effort-versus-result perspective, sellers can continue looking for entries targeting $1.0730 in the near term. Resistance level to watch: $1.0940 Support level to watch: $1.0730 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Euro Remains Bearish Despite Gains, Sell Trigger at 1.0840Past Performance Prices were in range by May 15 close. Even though Euro gained, prices are inside the May 12 bar, and sellers are in control. In the short term, the May 12 wide-ranging bear candlestick defines the immediate term. As such, key levels to watch would be 1.0940 and 1.0840. #EURUSD Technical Analysis In a bear breakout formation, Euro bulls have failed to push higher, reversing losses. Therefore, USD bulls are in control. As long as prices are below $1.0940, every attempt higher with lighter volumes may be an opportunity to dump, targeting 1.0840 and later 1.0730. Conversely, any confirmation of the May 12 bear bar, driving prices below last week's lows, will continue recent losses. If the breakout from the current thin consolidation is with rising volumes, prices could drop even further. However, if gains exceed May 12's highs with high participation, prices could rise to 1.1000. What to Expect? Prices are consolidating in lower time frames, and the immediate trend is undefined. The primary trend is bearish, and USD bulls are in control despite yesterday's rejection of sellers. If anything, the upper limit remains at 1.0940 and 1.1000, respectively. Resistance level to watch: 1.0940 Support level to watch: 1.0840 [ b]Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Euro Dropping, Double Tops Confirmed As USD Bulls Target $1.073Past Performance Euro is under pressure and within a bearish formation, slipping below $1.0965. The downtrend is quickly taking shape, reading from the EURUSD candlestick arrangement in the daily stage. As long as prices are below the middle BB, traders can look to short, aiming at $1.0860 or lower in the short term. #EURUSD Technical Analysis Euro bulls are fading, and USD buyers are taking control. The inability of Euro buyers to reverse losses, preventing the bleed, gives determined sellers to press on. So far, prices are within a bearish formation as USD bulls target $1.0860 and $1.730 in the days ahead. Notice that bear bars are beginning to band along the lower BB, pointing to increasing momentum and volatility. This development also indicates that $1.1100 is the local peak, marking the double top. What to Expect? The bear bar of May 11 was extended, meaning volatility is high. Moreover, USD bulls are taking charge, forcing prices lower from the middle BB. With this, the EURUSD pair is distributing after an impressive expansion in the last two months. Based on this, sellers can look for opportunities to short in the days ahead. Resistance to watch: $1.0965 Support to watch: $1.0860 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Euro Dropping, USD Bulls Targeting 1.0860 in a BreakoutPast Performance Euro bulls are losing momentum, allowing USD bulls to double down. As it is, EURUSD is within a bearish formation with primary resistance at $1.1100. With prices below the middle BB and 1.0965 broken, sellers can look for entries with targets at 1.0860 and 1.0730 being immediate and medium-term targets. #EURUSD Technical Analysis After sharp gains from March through April, prices are cooling off in a welcomed retracement. There is a double top following rejections of bulls early this month. Since prices are below the middle BB and 1.0965, breaking out below the range, traders can search for unloading opportunities. Tight resistance remains at 1.0965, but ideally, resistance remains at 1.1100. Short targets will be at 1.0860 and 1.0730, key reaction points of the Fibonacci retracement levels of the March to April trade range. What to Expect? USD bulls will likely press on, reading from the current sharp losses in the European session. Prices are dropping as USD bulls have broken below yesterday's lower range. As such, the bearish preview stands as long as prices are below the middle BB and $1.1100 Resistance level to watch: 1.1100 Support level to watch: 1.0860 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Euro Slips Below Trade Range in Distribution, Back to 1.0730?Past Performance The Euro uptrend could be over, reading from the price action in the daily chart. For the first time in roughly seven weeks, USD bulls pushed prices below the middle BB or the 20-day moving average. This follows the high volume rejection of higher prices on May 4 from around the 1.1100 primary resistance. #EURUSD Technical Analysis The breakout below the dynamic support is with light volumes, nearly half those posted on May 4 when a double bar bear pattern printed. With the Euro reversing gains and prices falling below the critical support at the middle BB and 1.0965, traders can look for entries. As it is, every attempt towards the recent trade range may offer entries for sellers targeting 1.0730. This preview will be null once the Euro rallies above 1.1100, with high participation levels preferably exceeding those of May 4. What to Expect? After weeks of higher highs, the upside momentum is fading, allowing USD bulls to take charge. Any confirmation of yesterday's losses could begin another leg down. The next support is 1.0730 marking the 61.8% Fibonacci level of the March to April trade range. Resistance level to watch out: 1.1100 Support level to watch out: 1.0730 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
#Euro Firm After a 4.5% Rally, Is The Bull Run Over?Past Performance Euro prices remain in a range, evident in the daily chart. Even though the uptrend remains, the failure of buyers to break above 1.1100 points to weakness. As it is, USD bulls appear to be building up momentum. Still, the uptrend remains provided prices range above 1.0965, the local support level. #EURUSD Technical Analysis The consolidation of prices may offer an opportunity for swing traders to exit their longs. This is because the upside momentum is fading, and volatility is dropping as prices diverge from the upper BB. In a choppy market, conservative traders can wait for a conclusive breakout in either direction. Losses below 1.0965 with rising volumes may open opportunities for bears targeting 1.0865. Conversely, a spring above 1.1100, with expanding volumes, may anchor the next leg higher towards 1.1200 or better. What to Expect? Prices are consolidating though the uptrend remains. As it is, buyers have a chance above 1.0965 though losses below this level may mark the beginning of a trend shift in favor of sellers. Note that the Euro is up 4.55% from March 2023. Resistance level to watch out: 1.1100 Support level to watch out: 1.0965 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
#Euro Bulls Firm, Will Prices Rally Above 1.1100?Past Performance The uptrend remains, but USD bulls are rejecting attempts higher. From the daily chart, primary resistance lies at 1.1100, marking May 4 highs. The failure of prices to move higher last week supports bears. There must be a sharp dump below 1.0965 and the middle BB, or the 20-day moving average, for sellers to fully take control. #EURUSD Technical Analysis The uptrend remains, but there is a double top forming. With prices flat-lining at spot rates, diverging from the upper BB, there could be signs of dropping upside momentum. Still, EUR bulls have the upper hand, provided prices are above the middle BB and 1.0965. As it is, traders can wait for a confirmation of the May 4 bar. In that case, losses below 1.0965 with expanding volumes may see USD bulls drive prices back to 1.0865 in a bear trend continuation formation. Any rally above 1.1100 with the same rapidity cancels this bearish outlook. What to Expect? EURUSD is consolidating at spot rates after a superb performance by EUR bulls. Still, there must be a convincing breakout above the current range for trend definition. Any upswing will confirm buyers of March, cementing Euro bulls' dominance. Resistance level to watch: 1.1100 Support level to watch: 1.0965 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
#Euro Contracts, USD Bulls Find Reprieve after 2 Month Bear RunPast Performance Euro prices are lower as USD bulls rejected attempts for higher highs. The immediate resistance lies at 1.1100, as a double top will likely print in the upcoming sessions. A notable development when prices rejected higher prices on May 4 was the rise in trading volumes. This may suggest that USD bulls are keen to participate, a move that could press the Euro further in the days ahead. #EURUSD Technical Analysis The rejection of higher highs on May 4 prints out at a critical resistance level. The 1.1100 resistance line flashes with April resistance. It is also within the same range as February peaks. While bearish, how prices move in the next few days depends on if USD bulls press on. Any breakout below the current range at 1.0960 may trigger a sell-off towards 1.0850 and 1.0750. These are critical Fibonacci retracement levels of the March to April 2023 trade range. What to Expect? USD bulls are confident, and the EUR Bull Run could be over. This depends on whether prices drop below the immediate support level today or in sessions ahead. Any upswing above 1.1100 will invalidate the bearish preview, allowing Euro bulls to continue with the upswing from early March. Resistance level to watch: 1.1100 Support level to watch: 1.0960 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Euro Retesting Key Resistance Line, Double Top Forming?Past Performance Euro bulls have the upper hand, printing higher highs in the daily chart. Gains of May 3 were conspicuous but failed to break out above 1.1100. Still, the bulls have the upper hand despite the clear double-top forming. #EURUSD Technical Analysis The Fed raised rates but didn't push the Euro above the immediate resistance level. The May 3 bar closed with a long upper wick suggesting sell-off in the tail end. Moreover, trading volumes are lighter, hinting at weakness after a strong performance in the last five months. As prices consolidate and momentum drops, traders should watch out for how prices react at 1.1100 on the upper hand and 1.0965 on the lower end. For bears to take charge, a high volume bar must break below 1.0965, confirming the bearish engulfing bars of April 14 and 25. Conversely, a break above April highs may see the Euro extend gains, powering towards 1.12. What to Expect? Euro bulls are in control following a 5% gain since January. There is a possible double-top forming, and momentum is waning, questioning the strength of the upsides. In the days ahead, a comprehensive, wide-ranging breakout above immediate resistance will rejuvenate demand, further pumping the Euro. Resistance level to watch out for: $1.1100 Support level to watch out for: 1.0965 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
(Buy) USDZAR Technical Analysis for April 26, 2018Hello Traders, I have been watching USDZAR for a while. Well, I must say, the time is ripe to look for under-valuations in lower time frames and buy. First, like we mentioned in the previous article, the middle BB in the weekly chart was our main liquidation or the resistance line. However, as it is,the USD is now trending above this line and with a whole candlestick likely to close above it, we can as well trade a break out pattern with stops at this week’s lows. Besides, we have this stochastic buy signal turning from deep the oversold territory complete with higher highs relative to the lower BB. Because of this confluence of technical formations, we shall zoom in to the 4HR chart and look for stochastics buy signals before ramping up buys. In the 4HR chart, ZAR bulls are driving prices lower. This is expected because this week was largely bullish and because this is but a minor correction-at least from my point of view, I expect USD bulls to find support anywhere between 12.15 and 12.25. Of course, it will be perfect if we have a stochastic buy signal printing between this support zone since it would cement our bullish projection and help build the much needed momentum. This is my USDZAR trade plan Buy Limit: 12.15-12.25 Stops: 12.15 Take Profit: 13-14.50 Let me know what you think. Have a good trading day!!! This TA was first published by at Forex.Today under Dalmas Ngetich
Long
by Kipyegonn
(Sell) EURUSD Technical Analysis for April 25, 2018Hello Traders, From our previous preview of this pair, all we needed were lower lows and that we got as price action shows. As you can see, not only is there is a stochastic sell signal in the weekly chart but bears are capitalizing on that clear bearish divergence following an over-extension/EURO over-valuation by week ending February 2. However, that’s not all. There is a bear break out below the main support trend line in the weekly chart. This therefore means the only way of turning a decent profit is to trade with the trend and that means taking short positions in lower time frames. If bear momentum is strong, assuming we see a divergence of %k and %d in the weekly chart in the coming sessions, then we can enter shorts right away without expecting prices to bounce back as they do whenever there is a break out like this. In the 4HR chart, sellers are on the upper hand. Despite earlier bull pressure following a stochastic buy signal and a confirming candlestick, prices are fading that move. Conservative traders can wait for a break below 1.218 or this week’s lows before initiating sells but if you want to short now then you can with stops at 1.2250. Because of this inclination, my EURUSD trade plan will be as follows: Sell: 1.221 Stops: 1.225 Take Profit: 1.16 Let me know what you think. Have a good trading day!!! This Analysis was first posted at Forex.Today by Dalmas Ngetich
Short
by Kipyegonn
(Buy Stops) USDJPY Technical Analysis for April 16, 2018Hello Traders, My focus pair today is USDJPY and while the Yen seems to be gaining ground as the chart shows, I expect prices to possibly rebound and edge higher in the coming days. These are my reasons. In the weekly chart, stochastics are turning from deep the oversold territory and we have that clear buy signals and higher highs which begun from late March 2018. What’s interesting though is this minor resistance at last year’s lows and this is why I really think that this week’s price action could possibly shape the short to medium term trend of this pair. With this resistance, last year’s lows or support will effectively become a resistance zone if it succeeds in rebuffing further bull pressure. When we zoom in to the 4HR chart, prices are retesting a key support line. Even though our technical indicators are mixed, we should practice patience and wait until there is a stochastic buy signal or a double bar reversal pattern prints at this level. On the flip side, conservative traders can wait for a close above last week’s highs at around 107.80 before initiating longs. Because of this projection, my USDJPY trade plan would be as follows: Buy Stop: 107.80 Stop Loss: 107 Take Profit: 112 but ideally at 115 Let me know what you think. Have a good trading day!! First published at Forex.Today by Dalmas Ngetich
Long
by Kipyegonn