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 trade ideas
EURUSD_118 2024.10.31 10:17:05 Trading Signal SELLFrankPro Signal for EURUSD_118
Type: Screen
Signal: SELL
TP: 1.08204
SL: 1.08756
Entry Price: 1.08687
Analysis for EURUSD
Forecast Overall(Short-Term, Long-Term): ST= Strong Down LT= Probably Up
Forecast Methods(Short-Term, Long-Term):
ST=Down LT=Same
ST=Down LT=Up
ST=Down LT=Same
Analysis Method(0)
Based on the provided analysis, here is my assessment of the EUR/USD price movement:
**Short-term analysis (next few days):**
The price is expected to go **down**. The reasons for this assessment are:
* The price has tested the resistance line at 1.0865 and has started to rebound bearishly, indicating a potential reversal.
* The forecast for October 31, 2024, suggests an attempt to develop a decline in the EUR/USD pair, with a potential test of the support area near key levels.
* The surge ahead of PCE and NFP data has pushed the pair up to its 200-day moving average, but this may be a temporary move, and the pair may retreat from this level.
**Long-term analysis (weeks or months):**
The price is expected to **stay the same** or experience a **slight decline**. The reasons for this assessment are:
* The Elliott Wave analysis provides a comprehensive overview of the current EUR/USD price action, suggesting potential wave patterns and future price movements. While the analysis does not provide a clear direction, it implies that the pair may be in a consolidation phase.
* The influence of economic data and central bank policies on the EUR/USD exchange rate may lead to a range-bound market, with the pair trading within a narrow range.
* The recent surge in the pair may be a temporary move, and the pair may return to its long-term trend, which could be a slight decline or a sideways movement.
Please note that these assessments are based on the provided analysis and may not reflect the current market situation. The foreign exchange market is highly volatile, and prices can change rapidly due to various factors, including economic data, central bank policies, and geopolitical events.
Result: ST=Down LT=Same
Analysis Method(1)
Based on the provided analysis and forecasts, here is my assessment of the EUR/USD exchange rate:
**Short-term (next few days/weeks):**
The price is expected to be volatile, with a slight bias towards a decline. The current price is around 1.0859, and analysts suggest that if it remains above 1.0846, it could strengthen. However, there is also an expectation of a decline, with a test of the support area near current levels. Therefore, I would say that the price is likely to **stay the same** or experience a **slight decline** in the short term.
**Long-term (next few months/years):**
The forecasts suggest that the EUR/USD exchange rate is expected to **go up** in the long term. Commerzbank analysts predict the rate to strengthen to 1.12 by June 2024, and ING forecasts suggest the pair could trade above 1.20 in the next few years. Although there are some predictions of the rate being trapped around 1.08 due to economic factors, the overall long-term outlook appears to be bullish.
Please note that these assessments are based on the provided analysis and forecasts, and the actual market movements may differ due to various factors, including unforeseen economic events and changes in market sentiment.
Result: ST=Down LT=Up
Analysis Method(2)
Based on the provided analysis, here is my assessment of the EUR/USD pair's expected price movement:
**Short-term (next few days):**
* The pair's recent slip below the mid-1.0800s and the bearish rebound from the resistance line at 1.0865 suggest downward pressure.
* The upcoming economic data releases (Eurozone CPI and US PCE Price Index) may further influence the pair's direction, but the current sentiment appears bearish.
* Therefore, in the short-term, I expect the EUR/USD price to **go down**.
**Long-term (next few weeks/months):**
* The pair's earlier test of the 200-day moving average and the ECB's pushback on rate cuts suggest that there may be underlying bullish sentiment.
* However, the recent bearish rebound and the cautious market ahead of key economic data releases may delay any potential upward movement.
* Considering the conflicting signals, I expect the EUR/USD price to **stay the same** or experience a period of consolidation in the long-term, as the market awaits further clarity on economic data and central bank decisions.
Please note that this analysis is based on the provided information and may not reflect the full complexity of market conditions.
Result: ST=Down LT=Same
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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Euro-dollar bounces but $1.088 looks like a big hurdleApart from slightly disappointing American GDP, euro-dollar has also made gains in recent days on stronger than expected growth in the eurozone generally and in major national economies. Preliminary German inflation for October rose more than expected to 2%.
Relatively high volume of buying and a move out of oversold by the slow stochastic after 24 October’s upward engulfing candlestick would usually suggest an ongoing bounce, but that looks more difficult with the 200 SMA only slightly above the current price. If there’s a break above there, the target would probably be the value area between the 50 and 100 SMAs slightly below $1,10.
A clear break back to $1.07 and the 100% weekly Fibonacci retracement doesn’t seem at all favourable for now. However, a positive surprise from the NFP could push the price back to its recent starting point near $1.076 at least temporarily.
This is my personal opinion which does not reflect the opinion of Exness. This is not a recommendation to trade.
EURUSD_112 2024.10.31 09:18:07 Trading Signal SELLFrankPro Signal for EURUSD_112
Type: Screen
Signal: SELL
TP: 1.082955
SL: 1.08627
Entry Price: 1.08576
Analysis for EURUSD
Forecast Overall(Short-Term, Long-Term): ST= Strong Down LT= Probably Up
Forecast Methods(Short-Term, Long-Term):
ST=Down LT=Same
ST=Down LT=Up
ST=Down LT=Same
Analysis Method(0)
Based on the provided analysis, here is my assessment of the EUR/USD price movement:
**Short-term analysis (next few days):**
The price is expected to go **down**. The reasons for this assessment are:
* The price has tested the resistance line at 1.0865 and has started to rebound bearishly, indicating a potential reversal.
* The forecast for October 31, 2024, suggests an attempt to develop a decline in the EUR/USD pair, with a potential test of the support area near key levels.
* The surge ahead of PCE and NFP data has pushed the pair up to its 200-day moving average, but this may be a temporary move, and the pair may retreat from this level.
**Long-term analysis (weeks or months):**
The price is expected to **stay the same** or experience a **slight decline**. The reasons for this assessment are:
* The Elliott Wave analysis provides a comprehensive overview of the current EUR/USD price action, suggesting potential wave patterns and future price movements. While the analysis does not provide a clear direction, it implies that the pair may be in a consolidation phase.
* The influence of economic data and central bank policies on the EUR/USD exchange rate may lead to a range-bound market, with the pair trading within a narrow range.
* The recent surge in the pair may be a temporary move, and the pair may return to its long-term trend, which could be a slight decline or a sideways movement.
Please note that these assessments are based on the provided analysis and may not reflect the current market situation. The foreign exchange market is highly volatile, and prices can change rapidly due to various factors, including economic data, central bank policies, and geopolitical events.
Result: ST=Down LT=Same
Analysis Method(1)
Based on the provided analysis and forecasts, here is my assessment of the EUR/USD exchange rate:
**Short-term (next few days/weeks):**
The price is expected to be volatile, with a slight bias towards a decline. The current price is around 1.0859, and analysts suggest that if it remains above 1.0846, it could strengthen. However, there is also an expectation of a decline, with a test of the support area near current levels. Therefore, I would say that the price is likely to **stay the same** or experience a **slight decline** in the short term.
**Long-term (next few months/years):**
The forecasts suggest that the EUR/USD exchange rate is expected to **go up** in the long term. Commerzbank analysts predict the rate to strengthen to 1.12 by June 2024, and ING forecasts suggest the pair could trade above 1.20 in the next few years. Although there are some predictions of the rate being trapped around 1.08 due to economic factors, the overall long-term outlook appears to be bullish.
Please note that these assessments are based on the provided analysis and forecasts, and the actual market movements may differ due to various factors, including unforeseen economic events and changes in market sentiment.
Result: ST=Down LT=Up
Analysis Method(2)
Based on the provided analysis, here is my assessment of the EUR/USD pair's expected price movement:
**Short-term (next few days):**
* The pair's recent slip below the mid-1.0800s and the bearish rebound from the resistance line at 1.0865 suggest downward pressure.
* The upcoming economic data releases (Eurozone CPI and US PCE Price Index) may further influence the pair's direction, but the current sentiment appears bearish.
* Therefore, in the short-term, I expect the EUR/USD price to **go down**.
**Long-term (next few weeks/months):**
* The pair's earlier test of the 200-day moving average and the ECB's pushback on rate cuts suggest that there may be underlying bullish sentiment.
* However, the recent bearish rebound and the cautious market ahead of key economic data releases may delay any potential upward movement.
* Considering the conflicting signals, I expect the EUR/USD price to **stay the same** or experience a period of consolidation in the long-term, as the market awaits further clarity on economic data and central bank decisions.
Please note that this analysis is based on the provided information and may not reflect the full complexity of market conditions.
Result: ST=Down LT=Same
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.
EURUSD_118 2024.10.31 09:08:13 Trading Signal SELLFrankPro Signal for EURUSD_118
Type: Screen
Signal: SELL
TP: 1.08069
SL: 1.08637
Entry Price: 1.08566
Analysis for EURUSD
Forecast Overall(Short-Term, Long-Term): ST= Strong Down LT= Probably Up
Forecast Methods(Short-Term, Long-Term):
ST=Down LT=Same
ST=Down LT=Up
ST=Down LT=Same
Analysis Method(0)
Based on the provided analysis, here is my assessment of the EUR/USD price movement:
**Short-term analysis (next few days):**
The price is expected to go **down**. The reasons for this assessment are:
* The price has tested the resistance line at 1.0865 and has started to rebound bearishly, indicating a potential reversal.
* The forecast for October 31, 2024, suggests an attempt to develop a decline in the EUR/USD pair, with a potential test of the support area near key levels.
* The surge ahead of PCE and NFP data has pushed the pair up to its 200-day moving average, but this may be a temporary move, and the pair may retreat from this level.
**Long-term analysis (weeks or months):**
The price is expected to **stay the same** or experience a **slight decline**. The reasons for this assessment are:
* The Elliott Wave analysis provides a comprehensive overview of the current EUR/USD price action, suggesting potential wave patterns and future price movements. While the analysis does not provide a clear direction, it implies that the pair may be in a consolidation phase.
* The influence of economic data and central bank policies on the EUR/USD exchange rate may lead to a range-bound market, with the pair trading within a narrow range.
* The recent surge in the pair may be a temporary move, and the pair may return to its long-term trend, which could be a slight decline or a sideways movement.
Please note that these assessments are based on the provided analysis and may not reflect the current market situation. The foreign exchange market is highly volatile, and prices can change rapidly due to various factors, including economic data, central bank policies, and geopolitical events.
Result: ST=Down LT=Same
Analysis Method(1)
Based on the provided analysis and forecasts, here is my assessment of the EUR/USD exchange rate:
**Short-term (next few days/weeks):**
The price is expected to be volatile, with a slight bias towards a decline. The current price is around 1.0859, and analysts suggest that if it remains above 1.0846, it could strengthen. However, there is also an expectation of a decline, with a test of the support area near current levels. Therefore, I would say that the price is likely to **stay the same** or experience a **slight decline** in the short term.
**Long-term (next few months/years):**
The forecasts suggest that the EUR/USD exchange rate is expected to **go up** in the long term. Commerzbank analysts predict the rate to strengthen to 1.12 by June 2024, and ING forecasts suggest the pair could trade above 1.20 in the next few years. Although there are some predictions of the rate being trapped around 1.08 due to economic factors, the overall long-term outlook appears to be bullish.
Please note that these assessments are based on the provided analysis and forecasts, and the actual market movements may differ due to various factors, including unforeseen economic events and changes in market sentiment.
Result: ST=Down LT=Up
Analysis Method(2)
Based on the provided analysis, here is my assessment of the EUR/USD pair's expected price movement:
**Short-term (next few days):**
* The pair's recent slip below the mid-1.0800s and the bearish rebound from the resistance line at 1.0865 suggest downward pressure.
* The upcoming economic data releases (Eurozone CPI and US PCE Price Index) may further influence the pair's direction, but the current sentiment appears bearish.
* Therefore, in the short-term, I expect the EUR/USD price to **go down**.
**Long-term (next few weeks/months):**
* The pair's earlier test of the 200-day moving average and the ECB's pushback on rate cuts suggest that there may be underlying bullish sentiment.
* However, the recent bearish rebound and the cautious market ahead of key economic data releases may delay any potential upward movement.
* Considering the conflicting signals, I expect the EUR/USD price to **stay the same** or experience a period of consolidation in the long-term, as the market awaits further clarity on economic data and central bank decisions.
Please note that this analysis is based on the provided information and may not reflect the full complexity of market conditions.
Result: ST=Down LT=Same
EURUSDYou can take entry in EURUSD from these Areas
sl and Tp are mention
Follow the Risk Managemnet
15m TF
EURUSD Set For Possible Bullish Breakout? Key Price Action Signa👀👉 EURUSD is demonstrating bullish momentum across the monthly, weekly, daily, and 4H charts. I'm closely watching for a potential buying opportunity, aligning with the key criteria covered in the video. In this analysis, we’ll pinpoint essential price action signals to track and outline strategic positioning for the next potential move. *Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. 📊✅
Smart money concept.If the trade to my entry point i will take short considering
1.1H and 15m uptrend
2.liqiudity and counter trend in 5m timeframe
Rising Euro until the end of next WEEK | FOMC & ELECTIONI could see a rising EUR/USD until the end of next week which could lead into a mean reversion on the 1D timeframe. After this run we will see the continuation of the overall downtrend again. This will only be a small retrace. Right now it also looks like we are making a local short term bottom.
BULLS COULD COME KNOCKING!! A LONG IS COMINGThe pair has been trading in bear for 3 weeks now completing the M / DOUBLE TOP STRUCTURE. Now that the structure is complete, symmetrical triangle has been formed indicating a bullish continuation may begin.
SUPPORT:
The is a key support 2 1.06520- 1.07745 which has been tested many tomes
RESISTANCE: The pair faces immediate resistance at 1.08420. A breakout around this point could lead to a potential buy with a target at 1.11980 which is the major resistance.
BUY POINTS:
Buys can be taken around 1.06545 , and above 1.08420 .
this is a long buy it could materialise this week or next week . good luck and keep eye on it. LEAVE YOUR COMMENTS
EURUSD Multi Timeframe Analysis 31.10.2024This is the last Multi Timeframe Analysis I publish
15m Swing Bullish Internal Bearish
Quick shorts valid from current supply
4H Swing still bearish but I prefer following the strong bullish momentum after sweeping the daily low
Can not see much 15m demand to take longs. Price might create new internal structure and demand zones to take longs.
EUR/USD 31/10/2024EUR/USD expecting it go up but still didnt make a very good movement shiftment on the HTF daily/weekly
EURUSD can be bullish By looking at price action we can understood that the chart made a spike, channel , trading range.
Perhaps it's a sing of bearish trend weakens; because it's show that the trend legs are not as strong as before and sellers cannot maintain the strength of bearish trend.
Also the DXY has weakness in both the number of candles and the slope of the trend.
after breaking the resistance level of trading range 1.08687 (it's the last height of trend too) we can expect too bullish trend.
It's just my personal comment please don't trade with this and observe the risk management.
Thanks for your attention.
EUR/USD: Opportunity to profit from resistance!Hello all dear traders!
After yesterday's important economic news, we saw a pretty impressive breakout of EUR/USD, but the pair is currently trading slightly lower at around 1.084, down around 0.06% on the day.
This downside correction is largely due to the USD rising slightly on positive signals from the US economy. However, there is an important supporting factor for EUR/USD: the market is gradually losing confidence in the possibility of a strong ECB easing in the near future. This helps limit the downside momentum of the currency pair, allowing EUR/USD to hold firm against the pressure from the USD.
From a technical point of view, I see that EUR/USD could gain some more upside momentum thanks to the nearby 34 EMA, which acts as an important support zone in the short term. But! Any upside momentum is likely to face resistance at around 1.087 and is likely to correct back to support to test liquidity before a clearer upside momentum emerges.
Wishing you all a successful and profitable trading day!
EURUSD : Will it continue to increase or decrease again ?EURUSD is currently in a correction phase following an extended period of decline. The pair has reached a support zone near 1.0789, sparking some potential for a rebound.
From a bullish perspective, we might see EURUSD target key levels at 1.091 and possibly even reach the resistance at 1.096.
However, for this upward correction to gain traction, the bulls will need stronger confirmation to truly revive an uptrend. Technical and market sentiment factors still favor the bears, with a reversal signal from the 34 EMA and a newly formed resistance level emerging from a previously broken support zone, as highlighted on the chart.
These are my brief thoughts on EURUSD for now. Do you share the same view?
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 has formed a double bottomOn the 4-hour chart, EURUSD formed a double bottom pattern, with short-term bulls in the lead. Currently, the 1.081-1.083 area can be watched. If it falls back and stabilizes, you can consider continuing to go long. The upper resistance is around 1.090, and after breaking through, the upper resistance is around 1.095.
EURUSD: The trend of increasing dominant!Hello all my dear friends, the third day has started, wish you lots of energy!
Currently, the EUR/USD pair is stable around 1,0810 and works well on the price channel to 1 hour.
Despite the US dollar consolidated in the early morning of Asia in Tuesday. On the other hand, the price increase of the US dollar shows some signs of fatigue when the dollar index (DXY) returns to the recent peak at nearly 104.60 before falling to 104.30 at the delivery session. The end of the translation ends, thereby supporting the continued increasing trend of this pair of money.
I wish you a lot of profits!
EURUSD | 29.10.2024SELL 1.07800 | STOP 1.07200 | TAKE 1.08600 | The pair is moving at the end of the trend at the level of rising dollar quotes and in anticipation of an acceleration in the pace of interest rate cuts by European Central Bank (ECB) officials. expected local correction.
EUR/USDEUR/USD. I have the following preview of this pair>> I would expect NA to reach the Daily High. On the 4H TF we have Long M2 but I do not expect the market to come there because there is no Gap. On the 4H TF we closed above wVAH, so for me it is long and I would expect NA to reach the level. Anyway, if a situation arises and the market reaches Long M2, I would look for Long positions here (it is a strong zone for me where I have this week's wPOC and yesterday's vPOC). On the 30M TF we have a Long structure where we have short M2 above which we closed and it is my next support zone where LVN is also located. We are currently above today's vPOC.
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............
