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EUR/USD_SPT - EUR/USD

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EURUSD_SPT trade ideas

Good opportunity to buy EURHello mates, please feel free to share your trading ideas, and please give a Boost if you agree with my trading plan. My trading strategy is Price Action, which is the simplest strategy of trade on what we see the price movement on chart. A key part of my discipline is always setting a Stop Loss when opening a trading position. This ensures every trading position is risk managed. Our 1 to 1 trading training is available, please message. Trade well and good luck!
by QQGuo-Shane
EU ideaEUR/USD moves higher to near 1.0430 in a thin trading volume day, while its broader outlook remains weak amid a firm US Dollar. Investors expect the ECB to reduce its Deposit Facility rate by a further 100 bps next year. US Initial Jobless Claims for the week ending Dec 20 surprisingly fell to 219K. EUR/USD rises to near 1.0430 in Friday’s North American session amid thin trading following the Christmas and Boxing Day holidays. The major currency pair gains as the US Dollar (USD) ticks lower despite firm expectations that the Federal Reserve (Fed) will follow a gradual policy-easing path as inflation has rebounded slightly in the last three months. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, struggles to hold the crucial support of 108.00. The performance of the USD has remained upbeat in the last few months in part by expectations of firm growth under the administration of United States (US) President-elect Donald Trump and growing speculation of a slowdown in the Fed’s easing cycle.
by EZIO-FX
Short Setup: Key Resistance and Retail Stop Hunt OpportunityThis analysis presents a short setup idea based on retail trader sentiment and market structure. Currently, 62% of retail traders are positioned long, suggesting a contrarian approach. The recommended short entry is in the resistance zone between 1.0450 and 1.0460, once the price reaches this area. This zone aligns with the 61.8% Fibonacci retracement level, a key resistance level, and is also where the retail traders' stop-losses are likely positioned, adding further confluence to the setup. The take-profit targets (TP1, TP2, and TP3) are aligned with key Fibonacci levels and market structure. The strategy aims to capitalize on the anticipated downward movement.
Short
by Aliguel
Bearish Momentum in EUR/USD:Analyzing the Descent to Key SupportTechnical Analysis of EUR/USD: Current Trend: The EUR/USD pair is demonstrating a bearish trend across multiple timeframes, specifically observed on the Daily (D1), 4-Hour (H4), and 1-Hour (H1) charts. Key Price Levels: The price has repeatedly tested the resistance level at 1.06, with three significant touches, effectively absorbing available liquidity around this zone. Future Price Targets: First Target: 1.023 Second Target: 0.9935 Market Outlook: We anticipate continued monitoring and will provide updates to our analysis as market conditions evolve throughout the week. Based on current trends and technical indicators, we expect the price to reach our first target price (TP1) within the next one to two weeks. Disclaimer: Trading involves risk. The above analysis is based on current data and market conditions are subject to change. Always use appropriate risk management strategies.
Short
by coolbouy
EURUSD Quick Buy before the DropI anticipate a quick buy opportunity on EURUSD before a potential sell-off, driven by both technical and fundamental factors. The orange supply zone indicates a critical resistance area where sellers are likely to step in, while the green demand zone serves as a strong support. If the price retraces to the demand zone and holds, a short-term bullish move toward the supply zone is likely. Fundamentals also support this bias, with temporary strength in the euro stemming from recent data, while broader macroeconomic pressures on the eurozone suggest a continuation of bearish momentum after the short-term rally.
Short
by debo4samuel
EUR/USD Daily Chart Analysis For Week of Dec 27, 2024Technical Analysis and Outlook: During the current abbreviated trading week, the Eurodollar is exhibiting a narrow trading range above the Outer Currency Dip level of 1.035. Current analysis suggests that the Euro is poised to resume its upward trajectory, with anticipated targets of Mean Resistance 1.051 and a potential extension to Mean Resistance marked at 1.060. It is important to note that a pull-down movement may occur towards Mean Support at 1.039; with a possible retest of the completed Outer Currency Dip level of 1.035, before resuming the upside movement.
by TradeSelecter
EUR/USD Price Prediction: Analyzing Recent Movements and OutlookHello everyone, today Alisa will discuss the movements of the EUR/USD currency pair. Let's make some predictions about the price of this pair! After a period of continuous decline, EUR/USD has seen a slight increase, currently trading near the 1.0420 level. This could be a sign of a temporary recovery following recent declines, especially as the euro has faced significant pressure from macroeconomic factors such as the European Central Bank's (ECB) monetary policy and the strength of the USD. The slight increase in EUR/USD recently may be due to investors adjusting their positions after previous sell-offs. However, if the USD continues to strengthen due to high U.S. bond yields or positive economic data from the U.S., this currency pair could struggle to maintain its current upward momentum. If the euro continues to maintain its recovery trend, key resistance levels will be at 1.0450 and 1.0500. These levels act as technical barriers, and breaking through them could open up opportunities for further price increases. However, this will depend on macroeconomic factors such as economic data from the Eurozone or ECB policies. The nearest support level for EUR/USD is currently at 1.0400, which could offer stability if the price continues to decline. Overall, the EUR/USD currency pair will continue to be strongly influenced by global factors, including U.S. and Eurozone monetary policies, as well as macroeconomic indicators such as GDP growth, unemployment rates, and the Consumer Price Index (CPI). Investors need to closely monitor market signals and economic data to make informed trading decisions.
by Alisa_Rokosz
EURUSD (4H): HIGH-RISK UPTRENDTP2 @ 1.0521 TP1 @ 1.0440 BLO1 @ 1.0401 📈 BLO2 @ 1.0388 ⏳ -SL @ 1.0340 🚫 SUPPORT LEVELS 1.0402 and 1.0388: Immediate support levels where price may bounce upward if tested. 1.0366: A critical level to watch. If the price drops below this, the bullish outlook weakens significantly. RESISTANCE LEVELS 1.0440: The first major resistance zone. The price must break above this level to continue upward. 1.05214: Your target. This is a significant resistance area, with potential for profit-taking as it aligns with long-term technical factors. OSCILLATORS (Momentum-Based Indicators) RSI (49.25): Neutral. This indicates the market is neither overbought nor oversold This allows room for movement in either direction. Momentum (10): Bullish. This suggests upward pressure, supporting your target of 1.05214. MACD: Indicates a "Buy," confirming mild bullish momentum. MOVING AVERAGES (Trend Indicators) Short-Term MAs (10, 20 periods): Bullish. These suggest the current uptrend has support for the next move. Medium-Term MAs (50, 100 periods): Bearish. These indicate resistance in the zone of 1.046–1.052. Long-Term MAs (200 periods): Bearish. Reinforces that 1.05214 is a significant resistance area. KEY INDICATORS Volume Weighted Moving Average (VWMA): "Buy" at 1.04036, showing bullish volume activity. Ichimoku Base Line: Neutral at 1.03953, reflecting the consolidation phase. ANTICIPATORY TREND to 1.05214 Clear Immediate Resistance at 1.0440 This level represents the first barrier to upward movement. A breakout above 1.0440, confirmed by strong bullish candlesticks or increased volume, is essential for continuation. CLOSE ABOVE Resistance at 1.046–1.048 This range aligns with medium-term moving averages. Expect the price to slow down or consolidate here before pushing higher. BREAKOUT to 1.05214 Once the price sustains above 1.048, the path to 1.05214 becomes more likely. Be prepared to take profit or adjust positions, after a breakout POSITION MANAGEMENT Entry: If already in a position, hold and monitor the price’s interaction with 1.0440. Adding to Position: Consider adding only after a confirmed breakout above 1.0440. 1.0440: Partial profit-taking is advised as this level represents significant resistance. 1.05214: Close or scale out the majority of your position as this is your final target. Place a stop-loss below 1.0388 or 1.0366 to protect against downside risk. Watch for invalidation signs like price rejection at 1.0440 or sustained movement below 1.0366.
Long
by ProfessorCEWard
EURUSD Wave Analysis 27 December 2024 - EURUSD reversed from powerful support level 1.0350 - Likely to rise to resistance level 1.0460 EURUSD currency pair recently reversed up with the daily Morning Star from the powerful support level 1.0350 (which stopped the previous sharp downward impulse wave 1 at the end of November). The upward reversal from the support level 1.0350 started the active short-term correction iv. Given the strength of the support level 1.0350 and the moderately bearish USD sentiment seen today, EURUSD currency pair can be expected to rise to the next resistance level 1.0460 (former support from the start of December).
Long
by FxProGlobal
EURUSD's downward channel weakens On the hourly chart, EURUSD is in the downward adjustment stage of the downward channel. The price rebounded at 1.034, forming an ascending triangle structure. The short-term trend is strong. The upper 1.044 line is under pressure. If this position is adjusted and broken, the price will break through the downward channel and test 1.048 and 1.052 above. The short-term support of 1.038 below, if this position is broken, the triangle structure will break down and test 1.035 below. Overall, EURUSD is still in the downward adjustment stage. If the downward channel is not broken, the trend is still bearish. In terms of operation, rebound shorting is the main method. When the market rebound triangle converges, the upper edge intersects with the upper edge of the downward channel. If the market is under pressure and weakens, you can participate in shorting. Reference position 1.044-1.046 area. Stop loss 1.048 is enough. Stop loss 1.048 is enough. Downward focus on 1.04, 1.038, 1.035. Those who are cautious can wait for the price to break through the triangle convergence and then adjust to the pressure level before continuing to short.
Short
by RonPeter_Trading
EURUSD 4H waiting for breakdown and confirmation for growthEURUSD 4H waiting for breakdown and confirmation for growth Key Points of Analysis: Expected upward movement: The price may continue to rise after the breakdown of the trend line. Confirmation will be the price holding above this line and the demand zones. Key targets: 1.0436: First resistance zone expected to be reached if the upside continues. 1.0492 and 1.0553: Next target resistance zones. Risks: If the price returns under the demand zone (1.0380-1.0404), the upside scenario could be canceled and the price could fall again. Forecast With current expectations and if the trend breakout is confirmed, a rise to 1.0436 levels and then to 1.0492 and 1.0553 is likely. 🚀 Trade with the professionals of THS - Wave Theory! 🔹 All trades are based on wave analysis. 🔹 Fixed stop loss and take profit for risk management. 🔹 100% automation: copy trades through CopyFX service. 🔹 Reliability and transparency: the results are confirmed by the market. 📈 Don't miss the chance to earn steadily! 👉 Connect to CopyFX with THS and start copying profitable trades right now! 💡 Details on our channel and in the app!
Short
by Trade_Hive_Signals
EUR/USD AnalysisTechnical Setup and Market Outlook The EUR/USD pair is showing a bearish setup on the 30-minute chart. Key resistance is observed at 1.0420, with the support zone highlighted near 1.0365. A sell trade is initiated at 1.0410, targeting TP1 at 1.0390 and TP2 at 1.0365, while the stop loss is set at 1.0443 to manage risk. This setup aligns with the consistent rejection of the resistance area, signaling potential downside momentum. From a fundamental perspective, the U.S. dollar is bolstered by strong economic data and the Federal Reserve's hawkish stance. Meanwhile, the euro remains under pressure amid mixed economic performance in the Eurozone. Upcoming macroeconomic events could add further volatility, so traders are advised to stay alert Note: This analysis is for educational purposes and not trading advice. Consider market conditions and strategies. Please do not forget the like button, Share it with your friends,thanks, and Trade safe
Short
by David_Josh_Trader
2
EURUSD Will Go Down! Short! Please, check our technical outlook for EURUSD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 1.040. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.025 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
What Indicators Do Traders Use for Scalping? What Indicators Do Traders Use for Scalping? Scalping is a fast-paced trading style where traders aim to take advantage of small price movements within short timeframes. Such traders often rely on technical indicators to make quick decisions. This article explores some of the most popular scalping indicators, providing insights into how they can help traders spot opportunities in fast-moving markets. Understanding Scalping Indicators As you know, scalping is a trading strategy where traders aim to take advantage of small price movements by executing numerous trades within short timeframes, often closing trades within a few minutes. This approach requires swift decision-making and precise timing. Technical indicators are essential tools in this context, as they provide real-time data and insights into market trends, momentum, and volatility. Using these indicators, traders can identify optimal entry and exit points, potentially enhancing their ability to navigate the rapid pace of the market. Below, we’ll break down five indicators for scalping. You’ll find these scalping indicators in MT4 and MT5, TradingView. Also, you can get started in seconds with FXOpen’s free TickTrader trading platform. Moving Averages Moving averages (MAs) are considered by some to be the best indicator for scalping, smoothing out price data to help identify trends by calculating the average price over a specific period. In scalping, where quick decisions are crucial, certain types of moving averages can be useful. Exponential Moving Average (EMA) Unlike the Simple Moving Average (SMA), which assigns equal weight to all data points, the EMA gives more significance to recent prices, making it more responsive to current market movements. This responsiveness is advantageous for scalpers. For instance, a 9-period EMA reacts swiftly to recent price changes, potentially providing timely signals for entry and exit points. Hull Moving Average (HMA) Developed by Alan Hull, the HMA further reduces lag and enhances smoothness compared to traditional moving averages. It achieves this by weighting recent prices more heavily and using a unique calculation method. The HMA's ability to closely follow price action while minimising lag makes it a valuable indicator for scalpers. Applying Moving Averages in Scalping - Crossover Strategy: Scalpers often use two EMAs of different lengths to identify potential trading opportunities. A common approach involves a fast EMA (e.g., 5-period) and a slow EMA (e.g., 15-period). When the fast EMA crosses above the slow EMA, it may indicate a bullish trend, suggesting a potential buying opportunity or a chance to close a short trade. Conversely, when the fast EMA crosses below the slow EMA, it may signal a bearish trend, indicating a potential selling opportunity or moment to close a long trade. - Trend Confirmation: The EMA and HMA can be used to confirm trends identified by other indicators. For example, if the moving average is sloping upwards, it may confirm an uptrend, supporting decisions to enter long positions. If it's sloping downwards, it may confirm a downtrend, supporting decisions to enter short positions. You can find these scalping indicators in TradingView and FXOpen’s TickTrader platform. Relative Strength Index (RSI) The Relative Strength Index (RSI) is a well-known scalping indicator that measures the speed and change of price movements, oscillating between 0 and 100. Traditionally, an RSI above 70 indicates overbought conditions, while below 30 suggests oversold conditions. In scalping, traders often adjust the RSI from its typical length of 14 to shorter periods, such as 7 or 9, to capture rapid price swings occurring over minutes. This adjustment makes the RSI more sensitive to recent price changes, providing timely signals for quick trades. Applying RSI in Scalping - Overbought/Oversold Levels: When the RSI moves beyond 70 or drops below 30, traders watch for potential reversal points. However, scalpers may focus on the RSI’s movement back into the 30-70 range as an early sign of momentum shifting. - Divergences: Scalpers also look for divergence between price movement and the RSI. For example, if the price reaches a new high but the RSI does not, it may signal a weakening trend and possible reversal. This divergence can be an effective tool for anticipating quick market shifts. - Midpoint (50 Level): The 50 level serves as a midpoint, indicating the balance between gains and losses. An RSI crossing above 50 may suggest bullish momentum, while dropping below 50 can indicate bearish momentum. Scalpers use this midpoint to assess the prevailing market trend. Bollinger Bands Bollinger Bands are a technical analysis tool comprising three lines: a simple moving average (SMA) in the middle, with upper and lower bands set at a specified number of standard deviations from the SMA. These bands expand and contract based on market volatility, providing a visual representation of price fluctuations. In scalping, traders often adjust Bollinger Bands to shorter timeframes, such as 1-minute or 5-minute charts, to capture quick price movements. A common approach involves setting the SMA period to 7-10 and the standard deviation to 1.5-2, potentially enhancing sensitivity to short-term market changes. Applying Bollinger Bands in Scalping: - Bollinger Squeeze: When the bands contract, indicating low volatility, it often precedes significant price movements. Scalpers watch for a breakout above or below the SMA to identify potential trading opportunities. - Reversal: Price breaching the upper band may suggest overbought conditions, while below the lower band may indicate oversold conditions. Scalpers use these signals to anticipate potential price reversals. Stochastic Oscillator The Stochastic Oscillator is a momentum indicator that compares an asset’s closing price to its price range over a specific period, typically 14. It includes the %K line, the current closing price relative to the range, and the %D line, a moving average of %K. The scale runs from 0 to 100, where readings over 80 suggest overbought levels, and those under 20 point to oversold levels. In scalping, traders may adjust the Stochastic Oscillator to shorter settings, such as 5,3,3, to increase sensitivity to rapid price movements. This adjustment can help in capturing short-term market fluctuations. Applying the Stochastic Oscillator in Scalping: - Overbought and Oversold Conditions: When the %K line crosses the %D line in the overbought (above 80) or oversold (below 20) zones, it can signal a potential reversal. Scalpers use these crossovers as quick alerts for shifts in momentum, helping them to act swiftly in volatile markets. - Crossovers: Besides extreme conditions, traders also monitor crossovers between %K and %D. A %K line crossing above %D from a lower level can suggest an upward move, while a downward crossover may hint at a short-term price decline. - Divergence: If the price makes a new high/low but the Stochastic Oscillator does not, it may signal a weakening trend, indicating a potential reversal. Moving Average Convergence Divergence (MACD) The Moving Average Convergence Divergence (MACD) is considered one of the top forex indicators for scalping. It’s a momentum indicator that reflects the relationship between two moving averages. It comprises the MACD line (the difference between the 12-period and 26-period exponential moving averages), the signal line (a 9-period EMA of the MACD line), and a histogram, which illustrates the gap between the two lines. Scalpers prefer to adjust these settings to 3, 10, and 16, respectively, to make the MACD more responsive to rapid price movements. Applying MACD in Scalping: - Crossovers: When the MACD line crosses above the signal line, it may indicate bullish momentum; a crossover below suggests bearish momentum. Scalpers monitor these crossovers to identify potential entry and exit points. - Histogram Analysis: The histogram represents the difference between the MACD and signal lines. An expanding histogram indicates strengthening momentum, while a contracting histogram reflects weakening momentum. Scalpers use these changes to gauge the intensity of price movements. - Divergences: A divergence occurs when the price moves in one direction while the MACD line moves in the opposite. For example, if the price reaches a new low but the MACD does not, it may reflect a potential upward reversal. Scalpers watch for such divergences to anticipate shifts in market direction. Combining Indicators for Scalping Strategies Combining multiple indicators can enhance scalping strategies by providing a more comprehensive view of market conditions. Each indicator offers unique insights, and their combined use can help filter out false signals and confirm trading opportunities. Here are some pairings: - EMA and RSI: Utilising the Exponential Moving Average to identify trend direction alongside the Relative Strength Index to gauge momentum can help traders confirm the strength of a trend before making decisions. For instance, if the EMA indicates an uptrend and the RSI is above 50, it may suggest strong bullish momentum. - Bollinger Bands and Stochastic Oscillator: Bollinger Bands measure volatility, while the Stochastic Oscillator identifies overbought or oversold conditions. When prices touch the upper or lower bands and the Stochastic Oscillator reflects overbought or oversold conditions, it may indicate potential reversal points. - MACD and RSI: The Moving Average Convergence Divergence (MACD) highlights momentum changes, and the RSI indicates overbought and oversold conditions. Using them together can help confirm potential entry or exit points. For example, if the MACD shows bullish momentum and the RSI is rising but not yet overbought, it may signal a buying opportunity. Common Challenges When Using Indicators in Scalping Scalping with indicators offers valuable insights, but there are some challenges traders should be aware of: - False Signals: Rapid market movements can trigger misleading signals, causing traders to act prematurely. - Overtrading: Relying too heavily on short-term indicators can lead to excessive trades, increasing transaction costs. - Market Noise: High volatility and frequent price fluctuations can make it difficult to distinguish genuine trends from random market "noise." - Lagging Indicators: Some indicators may react too slowly, causing traders to miss opportunities. The Bottom Line Scalping requires quick decisions and the right tools, and indicators like the EMA, RSI, and MACD can help traders navigate fast-moving markets. Found the best scalping indicator that suits your style? Open an FXOpen account to access four advanced trading platforms and start building your scalping strategy today with low-cost, high-speed trading conditions. FAQ What Is the 1-Minute Scalp Strategy? The 1-minute scalp strategy involves making rapid trades on a 1-minute chart. Traders look for small price movements and enter multiple trades within a short period, often using scalp trading indicators like the EMA or RSI for quick signals. What Is the 5-Minute Scalping Strategy? The 5-minute scalping strategy focuses on capturing short-term price movements on a 5-minute chart. Traders typically combine trend and momentum indicators, like the MACD and Bollinger Bands, to make fast, informed decisions. Which Stocks Are Good for Scalping? The choice depends on the trader’s risk tolerance, trading approach, experience, and toolkit. However, according to theory, stocks with high liquidity, tight spreads, and significant daily volume are good for scalping. Popular choices include tech giants like Apple (AAPL) and Tesla (TSLA), as they offer frequent price fluctuations. But at the same time, they bear higher risks. What Is the Best EMA for Scalping? There is no best exponential moving average for scalping. However, traders often use a pair of EMAs, such as a 9- or 5-period and 21- or 15-period, to quickly respond to price changes in scalping. These EMAs help identify trend direction and momentum. How Can You Use RSI for Scalping? In scalping, the RSI is often set to shorter periods, like 7 or 9, to catch signals quickly. Traders watch for the RSI to cross key levels (30 or 70) and form a divergence with a price chart to spot potential reversals. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice
Education
by FXOpen
1