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EURUSD H1 17/12/2024 - Bearish pressure by macroeconomic fundamentals and a dovish ECB outlook Technical Analysis Summary D1 (Daily Chart) Trend: Bearish with price trading well below the 200-SMA and stuck below the 20-EMA at 1.0540. Indicators: RSI: At 40.64, indicating bearish momentum and approaching oversold conditions. Stochastic: Bearish crossover below...

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Multi-Timeframe Analysis D1 (Daily Chart) Trend: Strong bearish trend with price below the 200 SMA and inside the Ichimoku cloud. The overall bias remains bearish. Indicators: RSI: At 40, close to oversold territory but still with room for downside continuation. Stochastic: Near the mid-level (54), indicating a neutral stance with potential for further...

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Multi-Timeframe Analysis D1 (Daily Chart) Trend: Strong bearish bias, with price below the 200 SMA and Ichimoku cloud. Indicators: RSI at 40 and MACD signaling downside momentum. Support/Resistance: Support: 1.0490 and 1.0450. Resistance: 1.0540 and 1.0570. H4 (4-Hour Chart) Trend: Downtrend continues, with price consolidating near the lower Bollinger...

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Multi-Timeframe Analysis D1 (Daily Timeframe) Trend Analysis: Price is in a consolidation phase, hovering just below the Ichimoku Cloud, reflecting bearish dominance. The 200 SMA is positioned far above current price levels, confirming a longer-term downtrend. The Stochastic Oscillator is moving out of the overbought zone, suggesting potential bearish...

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Multi-Timeframe Analysis D1 (Daily Timeframe) Trend: Price is consolidating below the Ichimoku Cloud and the 200 SMA, indicating medium-term bearish pressure but with bullish momentum building. Indicators: RSI (14): 45.3, neutral. Stochastic (14,3,3): Overbought (near 82), signaling caution for immediate longs. MACD (12,26,9): Bearish histogram narrowing,...

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Multi-Timeframe Analysis D1 (Daily Timeframe) Trend: Consolidation with slight bullish bias as price is near 1.0530–1.0550 resistance. Price is trading near the upper Ichimoku boundary, but the 200 SMA remains above, capping gains. Indicators: RSI (14): 42.4, neutral. Stochastic (14,3,3): Bullish crossover but near overbought. MACD (12,26,9): Negative histogram...

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Time Frame Analysis D1 (Daily Timeframe) Trend: Bearish overall, with the price below the Ichimoku Cloud and the 200 SMA. However, the price is consolidating above the 1.0490–1.0500 support zone. Indicators: RSI: 38.7, near oversold but stabilizing. Stochastic: Slightly bearish but approaching a bullish crossover near 50. MACD: Negative but narrowing,...

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Consolidation Likely Before Breakout – Key Levels 1.04950 & 1.05250 Daily (D1) Chart Key Observations: Price is currently trading below the 200 SMA (long-term bearish trend). The Ichimoku Cloud suggests bearish sentiment, with price under the cloud and the Tenkan-sen below the Kijun-sen. RSI (39) indicates bearish momentum, but it's not yet oversold. The MACD...

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Overview of EUR/USD Price Action The EUR/USD pair is trading in a consolidation zone between 1.04950 (support) and 1.05250 (resistance), as seen on the H1 chart. Momentum indicators like the RSI (currently around 30-40 on H1) and Stochastic Oscillator suggest that the pair is oversold but lacks a clear directional trend. The MACD shows bearish momentum weakening,...

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Timeframe Analysis D1 (Daily Timeframe) Trend: Overall, the D1 chart indicates a downtrend, but the pair is now in a consolidation phase with bullish attempts. Price has bounced off the 1.0500 region and is testing Fibonacci 38.2% (1.0577) and 61.8% (1.0580) as key resistance zones. Key Levels: Resistance: 1.0580–1.0597: Daily high and Fibonacci resistance...

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Key Levels from M30 and H1 Support Levels: 1.0520–1.0510 Zone: Currently holding as local support (aligned with Fibonacci 100% and Ichimoku baseline on H1). 1.0500: Psychological support level, aligns with the Fibonacci 161.8% extension. Resistance Levels: 1.0553–1.0560 Zone: A consolidation resistance zone marked by Fibonacci 38.2% and near-term highs. 1.0580:...

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Key Levels Trend (D1): The pair is in a long-term downtrend, confirmed by the Ichimoku cloud (price is below the cloud) and the downward slope of moving averages. Support/Resistance: Resistance Levels: 1.0580: 61.8% Fibonacci retracement (strong resistance area). 1.0547: Daily resistance. Support Levels: 1.0448: Previous day’s low and 23.6% Fibonacci...

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As the H1 Flag formation has not been broken and candles didn't open above 1.25305 or 1.25783 the signal is still SELL, but the moment those are broken trade will go into BUY. Bearish Butterfly Pattern should give you an Entry Points and possible Take Profits. Please note I'm still learning the Harmonic Pattern, so be carefull when planning the actual entry-...

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My first attempt on the Harmonic Scanner patterns. Details for the trade: SELL S/L: 1.24767 T/P: 1.23558

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S/L 145.625 T/P 146.243

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GBPJPY-m15