EURUSD trade ideas
Euro collapses in US election aftermath | FX ResearchThe US dollar is making significant moves today, soaring higher following a surprising victory for Donald Trump.
The dollar has reached its strongest level in a year, making notable gains against the euro and yen. Risk-correlated assets have sold off, but the dollar is benefiting from a positive reaction in US equities, with futures pushing to fresh record highs.
The "Trump trade"—driven by expectations of tariffs and tax cuts—is lifting both the dollar and stocks. The market will likely take the rest of the day to digest what has been a surprising result for many.
Predictive market platforms are gaining more credibility today, having forecasted a clear Trump victory for several weeks.
On the data front, euro area figures came in slightly stronger than expected, but this had little impact on the euro, as concerns over Trump’s tariffs weigh on sentiment. UK PMIs were slightly softer, while earlier today, New Zealand's employment data missed expectations.
In other markets, Bitcoin hit a fresh record high and could be on track to accelerate towards the $100,000 mark. After months of consolidation, Bitcoin’s gains have been somewhat tempered by the surge in dollar strength.
However, we suspect that as the dollar slows down—either due to technical overextension or a shift in focus toward expectations of more rate cuts from the Fed—Bitcoin and crypto assets could accelerate to the upside.
Looking ahead, we have an ECB speech from Christine Lagarde and Canada’s Ivey PMI data on the docket.
Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
SELL EURUSDYou can sell EURUSD at the same entry as mine and set your SL and TP as on the chart.
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eurusdThe eurusd chart I shared yesterday reached its first target. It is currently breaking the wedge resistance and testing it. With a positive test result, our next target will be 1.0950.
Strong EUR? - A EUR/USD AnalysisEUR/USD has displayed bullish characteristics over the last couple of weeks.
- We have reach a high in the market @ 1.095.
- This high was made after a bullish A,B,C,D pattern aka (Trend).
- In bullish markets, prices tend to find support at the previous high, the previous high in this market (To me) is @ 1.085.
- We currently have made a bullish pin bar rejection candle on 3/19/2024.
- Currently we have untapped orders at 1.098, this is where I believe prices want to go in the next month.
- Breaking the 1.098 level, could lead to a bigger move up toward 1.11.
** as always, trade smart, trade responsible, and manage the risk as much as the reward **
EURUSD: Local Correction Ahead! Sell!
Welcome to our daily EURUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 1.08480
Wish you good luck in trading to you all!
EURUSD buying oppurtunity, Trend reversal pattern (Read more)..EURUSD Price Forecast 🚀
OANDA:EURUSD
EURUSD has broken out of its downtrend with a strong bullish candle, forming an inverted head & shoulders pattern that’s confirmed a neckline breakout. Volume is increasing on the buying side, with a 200 EMA & 50 EMA golden crossover signaling a buying opportunity.
Trade Setup:
Entry: 1.0820
Target 1: 1.0860
Target 2: 1.0950
Stop Loss: 1.0780
EURUSD_4Hhello
Mid-term Eurodollar analysis Elliott wave analysis style The market is in five downward waves And now the market is correcting upwards as wave 4, which is our main resistance at 1.09333. And after completing the correction and completion of wave 4, it can fall towards the number 1.06666 as wave 5.
EUR/USD: Euro Gains Amid German Growth, Weak US GDPOn Wednesday, the Euro extended its rally, driven by positive economic data from Germany and the dampening effect of a weaker-than-expected US GDP figure. Germany’s Gross Domestic Product (GDP) recorded a modest 0.2% growth, indicating resilience in Europe’s largest economy. Furthermore, annual inflation in Germany, measured by the Consumer Price Index (CPI), showed a significant rise, moving up to 2% in October’s preliminary estimate from 1.6% in September. This uptick in inflation adds to the bullish sentiment surrounding the Euro, as it hints at economic stability and a possible need for continued monetary tightening in the Eurozone.
From a technical analysis perspective, the Euro remains in a profitable position from our identified demand area, where a reversal pattern was noted. The DXY (US Dollar Index) continues to retrace, suggesting potential weakening of the USD, while the COT (Commitments of Traders) report further supports our bullish Euro outlook. Given the ongoing trend, a negative reading in today’s US Unemployment Claims report could provide additional momentum for the Euro’s upward trajectory, potentially solidifying the current trend in favor of the Euro.
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Key Levels to Confirm Bullish Reversal or Extend DowntrendEUR/USD Technical Analysis
The price is likely to attempt to reach 1.0915 from the pivot line, with the possibility of a retest down to 1.0832 before initiating a bullish trend.
Bearish Scenario: If the price remains below 1.0772, this would indicate a continuation of the downtrend towards the support level at 1.0680.
Bullish Scenario: A break and a sustained move above 1.0865 could confirm a bullish move toward 1.0915, with further potential to reach 1.1005, signaling upward momentum.
Key Levels:
Pivot Line: 1.0830
Support Lines: 1.0770, 1.0680, 1.0618
Resistance Lines: 1.0915, 1.1000, 1.1082
Trend Outlook:
Bearish by stability under 1.0772
Bullish by stability above 1.0830
#EURUSD Buy Position
We've entered a **Buy position** on EURUSD for potential upside momentum. 💰
🔹 **Entry Level:** Confirmed
🔹 **Target:** Aiming for optimal gains
📊 **Risk Management Tip:** Always set a stop-loss to protect your capital. Adjust position size according to your risk tolerance—preserving funds is key for long-term success! ⚖️
Trade idea - EURUSD Long4H
Corrective approach towards entry zone.
= Confirmation to place Buy limit.
1.5% risk.
Aiming to take full profit at Daily TP.
EURUSD BUY NOW!!!!!!!!EURUSD took out the buy side liquidity price have already made a retest from the fvg and heading to create new highs am in on buy from this zone holding till new highs is created 1.0900 is my target
JOIN AND ENJOY
Lets know your take on this............
EURUSD: First 1H Golden Cross formed in 6 weeks.EURUSD may be marginally bearish on its 1D technical outlook (RSI = 44.367, MACD = -0.006, ADX = 65.014) but on 1H it is cruising to the RSI overbought level as it formed the first 1H Golden Cross since September 15th. Technically it is a bullish pattern but short term the price has to overcome the S1 level (just hit it) and an almost overbought 4H RSI. This may give you the last opportunity to buy and target the 0.618 Fibonacci (TP = 1.10385), which has been the minimum target on every 1H Golden Cross since August.
See how our prior idea has worked out:
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EURUSD Analysis==>>Inverted Head and Shoulders Pattern!!!EURUSD ( FX:EURUSD ) is moving near the Upper line of the Descending Channel , Support zone($1.0816-$1.0775) , and Support lines .
Regarding Classic Technical Analysis , EURUSD has already broken the Neckline of the Inverted Head and Shoulders Pattern ( Bullish Reversal Pattern ).
Also, Regular Divergence (RD+) between Consecutive Valleys .
I expect EURUSD to rise to at least the width of the descending channel after breaking the upper line of the descending channel and SMA(100) and then attacking the Resistance lines .
⚠️Note: If EURUSD goes below $1.075, we must wait for more dumps to at least $1.069⚠️
Euro/U.S.Dollar Analyze (EURUSD), 1-hour Time frame ⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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NEW IDEA FOR EURUSD Examining the trend in the one-hour time frame, EUR/USD has broken the ceiling of the upward channel and is now below the important support interval in the range of 1.0814-1.0814, provided no closes are recorded in the four-hour time frame. .0804, it can increase the price up to the Fibo resistance of 161.8% at $1.0833.
EUR/USD Analysis: Range-Bound Movement with Potential ReboundThe EUR/USD currency pair remains stagnant around the 1.0800 mark after experiencing its fourth consecutive week of losses. Following a slight bullish retracement, the pair has retraced downwards again, opening the London session this morning with a bullish candle, yet still confined within a defined range.
The strength of the US Dollar (USD) has persisted as we head into the weekend, exerting pressure on the EUR/USD pair. This demand for the USD has been bolstered by rising US Treasury bond yields, which contributed to its strength on Friday.
Looking ahead, the economic calendar for the United States is relatively light, featuring only the Texas Manufacturing Business Index from the Federal Reserve Bank of Dallas. It is unlikely that this report will induce any significant market reaction. However, market participants will closely monitor upcoming third-quarter Gross Domestic Product (GDP) data from Germany, the Eurozone, and the United States. Additionally, the US Bureau of Labor Statistics is set to release the October employment report on Friday, which will include critical figures such as the Unemployment Rate, Nonfarm Payrolls, and wage inflation data.
From a technical standpoint, our outlook suggests a potential rebound towards the demand zone. The Commitment of Traders (COT) report indicates a consistent trend over the past two weeks, with retail traders holding short positions while institutional players appear to be building long setups. Our forecasting analysis points to a possible emergence of a new bullish trend in the near future.
As we await further developments, the key remains patience—watching to see if the price reaches our designated area of interest before committing to a bullish position. The market’s reaction to the upcoming economic data will be crucial in determining the next steps for the EUR/USD pair.
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AI Algo Trading Intro/OverviewAI ALGO TRADING INTRO/OVERVIEW
🔹AI algorithmic trading, often referred to as AI algo trading, is a sophisticated approach to financial trading that uses artificial intelligence (AI) algorithms to make trading decisions. It combines finance, statistics, and computer science to analyze vast amounts of data and execute trades in real-time, often at speeds impossible for human traders. Here's a closer look at how it works, its benefits, and the key components:
1. How AI Algo Trading Works
AI algo trading employs machine learning, deep learning, and other advanced data analysis techniques to create models that can predict stock prices or detect trading patterns. These AI models are designed to identify patterns or anomalies in historical and real-time data, which helps them make predictions about price movements. The algorithms can process huge datasets from multiple sources, including stock prices, news, sentiment data from social media, and even macroeconomic indicators.
Typical steps involved in AI algo trading include:
🔹Data Collection: Gathering historical price data, technical indicators, financial reports, and alternative data (e.g., news, social media sentiment).
Model Training: Training machine learning models on historical data to predict asset price movements or specific trading signals.
🔹Backtesting: Testing the model on historical data to see how it would have performed in the past, adjusting for any biases or errors.
🔹Execution: Implementing the model in live markets to execute trades automatically when certain conditions are met.
2. Key Components of AI Algo Trading
Several key components work together in AI-driven trading systems, including:
🔹Data Management: Collecting, cleaning, and storing large volumes of financial and alternative data.
🔹Feature Engineering: Selecting or creating specific data features that improve the model's accuracy, such as moving averages, volatility measures, or sentiment scores.
🔹Machine Learning Models: Models like neural networks, decision trees, or support vector machines (SVMs) are common in AI trading. More advanced models use deep learning and reinforcement learning.
🔹Risk Management: Ensuring trades meet certain risk parameters to prevent excessive losses. Many AI algorithms have built-in risk management measures, like stop-loss limits or position size restrictions.
🔹Execution Algorithms: After generating trade signals, execution algorithms place trades in the market. These can include smart order routing and algorithms for optimizing trade timing.
3. Advantages of AI Algo Trading
🔹Speed and Efficiency: AI algorithms can execute trades within milliseconds, reacting instantly to market movements.
🔹Data-Driven Decisions: AI algo trading relies on empirical data rather than emotions, leading to potentially more consistent decision-making.
🔹Pattern Recognition: Advanced AI models can identify complex patterns in large datasets, uncovering trading opportunities that may be invisible to human traders.
🔹24/7 Operation: AI systems can monitor markets continuously, which is especially valuable in global markets that operate around the clock.
🔹Customization: AI-driven strategies can be tailored to specific asset classes, trading goals, and risk tolerances.
4. Popular AI Techniques in Trading
AI algo trading employs several popular techniques:
🔹Supervised Learning: This includes models like regression, classification, and neural networks, often used to predict price changes or determine trading signals.
🔹Unsupervised Learning: Clustering and anomaly detection models help identify unusual trading patterns or group similar assets.
🔹Reinforcement Learning: This is where AI learns to optimize strategies through trial and error, which can be particularly useful for adaptive, evolving trading strategies.
🔹Sentiment Analysis: AI can analyze text data (e.g., news articles, tweets) to gauge market sentiment, adding a qualitative dimension to trading models.
5. Risks and Challenges
While AI algo trading offers numerous advantages, it also comes with certain risks:
🔹Model Overfitting: Overfitting to historical data can result in poor performance in live markets if the model is too specific to past conditions.
Market Volatility: AI algorithms may struggle to adapt to sudden market changes, like unexpected geopolitical events or economic crises.
🔹Technical Failures: Infrastructure and connectivity issues can disrupt AI trading systems, leading to missed opportunities or unwanted positions.
🔹Regulatory Concerns: Regulatory bodies often scrutinize algorithmic trading for issues like market manipulation, requiring firms to ensure their algorithms are compliant.
6. Future of AI Algo Trading
🔹The future of AI algo trading looks promising, with ongoing advancements in AI and access to even more diverse data sources. Innovations in quantum computing, natural language processing (NLP) for deeper sentiment analysis, and reinforcement learning for adaptive strategies are likely to further enhance AI-driven trading.
🔹As AI trading models continue to evolve, they may also become more accessible to individual investors and retail traders, allowing a broader range of market participants to benefit from data-driven trading strategies. However, regulatory agencies may also implement stricter controls to manage the risks associated with autonomous AI trading.
EURUSD Set To Fall! SELL!
My dear friends,
EURUSD looks like it will make a good move, and here are the details:
The market is trading on 1.0861 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clearshort signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.0824
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
———————————
WISH YOU ALL LUCK
EUR/USD ! 10/29/24 ! move in trend, recoveryEUR/ USD trend forecast October 29, 2024
EUR/USD pulls back from recent gains, trading near 1.0810 in early Asian hours on Tuesday. The pair retests the upper edge of the descending channel, potentially signaling a bearish trend. The 14-day RSI hovers just above 30; a dip below would indicate oversold conditions, hinting at a possible upward correction soon.
Gold price moves within 2 H1 downtrend bands - waiting to touch the lower trend and recover
/// BUY USDJPY : zone 1.07950 - 1.07750
SL: 1.07450
TP: 60 - 100 - 250 pips (1.10250)
Safe and profitable trading
Yes, it works on all timeframes... (ICT Concepts)In this video I just demonstrate a scalp based off of my process of of DOL>CS>Entry, and I do this on EURUSD, which is one of the pairs I have most experience in.
It is relatively simple and everything is explained in the video. If there are any questions, feel free to drop a comment.
- R2F
EURUSD Daily Pivot Points AnalysisEURUSD Daily Pivot Points Analysis
EURUSD is trading above the Daily Pivot Point at 1.0807, favoring a bullish movement. The first resistance is near Daily R1 at 1.0833. If the bullish volume increases, EURUSD may rise to Daily R2 at 1.0853.
Given that today's economic calendar is empty, EURUSD may or may not test Daily R1 at 1.0833 and could move down to the Daily Pivot Point at 1.0807. It could repeat this pattern from Daily R2 as well. If the price falls below the Daily Pivot Point at 1.0807, it might develop the bearish scenario indicated in red on the chart.
📣EURUSD - Daily Pivot Points
Daily R3 - 1.0878
Daily R2 - 1.0853
Daily R1 - 1.0833
Daily Pivot Point - 1.0807
Daily S1 - 1.0787
Daily S2 - 1.0762
Daily S3 - 1.0741
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
