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Euro-US Dollar Futures

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ED1! trade ideas

M6E Potential BuyM6E Buy Potential 05/31/2022 4HR TF -Price currently at 3 weeks VAH -Price rejects 50EMA -Price went above both 25 and 50 EMA 30min TF -Price still currently inside the previous day VAH Waiting for price to react the 30mins VAL and get an entry confirmation as we are still at the previous Value Area High before entering the trade. If price break the 30mins VAL, trade will be invalid and I will expecting the price to aim for the nPOC of 4HR TF which is at 1.0557 area.
CME_MINI:M6E1!Long
by Rhnmrks
Potential Bullish Momentum On the h4, with price moving above the ichimoku cloud, we have a bullish bias that price will bounce off the overlap support at the buy entry at 1.07430 in line with the 38.2% fibonacci retracement and rise to our take profit at 1.09480 in line with the overlap resistance. Alternatively, price may break support structure at our buy entry and drop to the stop loss at 1.06565 at the horizontal support. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
CME:6E1!Long
by Rockqet
EURO FX FUTURES (6E1!), H1 Potential for Bullish MomentType : Bullish Momentum Resistance : 1.07570 Pivot: 1.07085 Support : 1.06155 Preferred Case: With the MACD having a bullish momentum and prices moving above the ichimoku cloud , which supports our bullish bias that price will rise from our pivot at 1.07085 in line with overlap support to our 1st resistance at 1.07570 where the 61.8% fibonacci projection and swing high resistance are. Alternative scenario: Alternatively, price may break pivot structure and drop to the 1st support at 1.06155 in line with the overlap support, -27.2% fibonacci expansion and 38.2% fibonacci retracement . Fundamentals: The most recent ECB announcement points to a rate rise in July. The pace is projected to be moderate, given the dangers of a recession based on the situation of the long-running conflict in Eastern Europe. As a result, we have a weak bullish bias.
CME:6E1!Long
by Genesiv
EURO FX FUTURES (6E1!), H1 Potential for Bullish MomentType : Bullish Momentum Resistance : 1.07570 Pivot: 1.06715 Support : 1.06155 Preferred Case: With the MACD having a bullish momentum and prices breaking the ichimoku cloud, which supports our bullish bias that price will rise from our pivot at 1.06715 in line with overlap support to our 1st resistance at 1.07570 where the 61.8% fibonacci projection and swing high resistance are. Alternative scenario: Alternatively, price may break pivot structure and drop to the 1st support at 1.06155 in line with the overlap support, -27.2% fibonacci expansion and 38.2% fibonacci retracement. Fundamentals: The most recent ECB announcement points to a rate rise in July. The pace is projected to be moderate, given the dangers of a recession based on the situation of the long-running conflict in Eastern Europe. As a result, we have a weak bullish bias.
CME:6E1!Long
by Genesiv
Volatility 19 May 22 Currency Futures Eur, Gbp Aud, Chf YenAUD Futures Futures 19 May 2022 Based on the HV measures from the last 5397 candles our expected volatility for today is around 0.96% However, in order to increase our accuracy I am going to use a 1.25x multiplier => 1.21% This is translated into a movement from the current opening point of 0.008 With this information our top and bottom , with close to 81% probability for today are going to be TOP 0.704 BOT 0.687 GBP Futures Futures 19 May 2022 Based on the HV measures from the last 5408 candles our expected volatility for today is around 0.78% However, in order to increase our accuracy I am going to use a 1.25x multiplier => 0.98% This is translated into a movement from the current opening point of 0.012 With this information our top and bottom , with close to 81% probability for today are going to be TOP 1.246 BOT 1.222 EUR Futures Futures 19 May 2022 Based on the HV measures from the last 5408 candles our expected volatility for today is around 0.65% However, in order to increase our accuracy I am going to use a 1.25x multiplier => 0.82% This is translated into a movement from the current opening point of 0.009 With this information our top and bottom , with close to 81% probability for today are going to be TOP 1.056 BOT 1.039 CHF Futures Futures 19 May 2022 Based on the HV measures from the last 5399 candles our expected volatility for today is around 0.58% However, in order to increase our accuracy I am going to use a 1.25x multiplier => 0.73% This is translated into a movement from the current opening point of 0.007 With this information our top and bottom , with close to 81% probability for today are going to be TOP 1.02 BOT 1.006 YEN Futures Futures 19 May 2022 Based on the HV measures from the last 5399 candles our expected volatility for today is around 0.75% However, in order to increase our accuracy I am going to use a 1.25x multiplier => 0.93% This is translated into a movement from the current opening point of 0.007 With this information our top and bottom , with close to 81% probability for today are going to be TOP 0.0078 + 0.008 BOT 0.0078 - 0.008
CME:6E1!
by exlux
Timing is everything! While the general direction for the US Fed and the ECB are similar, their timelines differ greatly! On the US Fed (USD) front, we are days away from the next FOMC meeting (4th May 2022) where market participants are expecting a 50 bps hike. On the ECB (EUR) front, the ECB is expected to taper its asset purchase program by early Q3, before it will consider any rate hikes. The difference in timelines of the Fed and ECB could provide some interesting hints on where the EURUSD is heading in the short term. With the Dollar being the first mover here, we expect strength in the dollar to drive the EURUSD lower over the short term before the ECB firms up its hike schedule. The EURUSD pair is also trading just below the 7- year support level. Zooming in on a shorter timeframe, we also spot a breakout and retest at this level, suggesting the move has begun. Entry at 1.08070, stop above 1.12080. Targets are 1.06760 and 1.03835. Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios.
CME:6E1!Short
by inspirante
Bullish Divergence in Euro FuturesBasically the same idea that I posted last week about the Bearish Divergence in $DXY but more time has passed, and it looks even more pronounced in the Euro itself. Pick your poison: /6E, /M6E, EURUSD are all good Long candidates to play this idea. Another good option could be to short /SFX - which is the Small Exchange's US Dollar Futures contract. If you don't know about The Small Exchange, I'd highly recommend looking into their products. community.thesmallexchange.com
CME:6E1!Long
by InnerMotionTrading