EURUSD: The EUR nowadays did now no longer decline however as a substitute is shifting up close to the 1.0740 resistance region. This is because of the weakening of the USD. Currently, due to the fact DXY is damaged and is possibly to maintain to weaken, nowadays`s model ace can pay interest to NONFARM. It is anticipated that EURUSD will possibly retest across the...
Hello fellows, This is what I am thinking to short EU from, hope it will help. Best of luck
Weekly: Price has been rejecting from the W-BPR, & it has been created bearish W-MSS, with W-FVG, so the sign of momentum is clearly bearish in Euro. Currently the price is reaching towards the W-SSL(1.05166) & (1.04484). Weekly Bias: Bearish. H4: we will be looking to open a short position from the H-FVG, if the price takes the D-BSL (1.06900.) And forms a...
Recently, the situation in the Middle East has been relatively stable. Although Iran and Israel have their own quarrels, no obvious conflict has been seen, which means that the two sides have reached a certain consensus and have entered the stage of quarreling. As long as either party does not cross the threshold, the overall situation can be resolved. Therefore,...
FX:EURUSD Processing: +3.6RR Risk: 1% Updated a large amount of liquidation on the purchase There is a structure breakdown at 1h, I expect further upside to the nearest FVG resistance zone at 1h. Waiting for working off
Hello everyone, Today, the EUR/USD faced renewed downward pressure, dropping to its lowest since November, beneath the 1.0700 mark. Despite technical indicators suggesting that the pair is oversold, betting on a Euro recovery might be risky, especially with the diverging monetary policies of the European Central Bank (ECB) and the Federal Reserve (Fed). It seems...
Even though previous week was pretty bullish I still expect the bearish trend will continue and it will keep taking out the weak lows. The move during NFP didn't really give a clear signal what direction price wants to go, we'll see during CPI upcoming Wednesday I guess. I would like to see the imbalance to get filled first with a nice rejection which will...
The analysis on EUR/USD reveals strong bearish pressure, pushing the cross to its lowest level since mid-February, dipping below the 1.0751 mark. The daily chart shows EUR/USD confined within a 20-pip range below the 1.0804 level, corresponding to the 61.8% Fibonacci retracement of the previous rally from 1.0695 to 1.0982. On the 4-hour chart, the 20-period SMA is...
Bollinger Bands Reverting to Test the Center Range.RSI and MACD Analysis: Utilizing Technical Indicators for Buy and Sell Signals in Gold Trading" "When RSI touches the overbought zone and signals a sell, MACD quickly follows suit with a downward crossover, also indicating a sell. Subsequently, the price experiences a sharp decline. Next, RSI moves down to the...
In the above chart, you can see that prices are gradually forming lower highs, indicating that the selling side is gaining momentum over the buying side. In most cases, prices will break below the support line and continue to decline. However, in some cases, when the support is too strong, prices will bounce back and establish a strong upward trend. The good news...
One of the most popular methods to identify a rebound is by using Fibonacci levels. Typically, rebounds occur within the 38.2%, 50%, and 61.8% Fibonacci retracement levels before continuing in the prevailing trend. If the price extends beyond these retracement levels, it could signal a potential reversal. It's important to note that we use the term "could" instead...
Bollinger Band Trading Strategy: Buying at Lower Band Touch with Reversion to Mean Place stop-loss below the lower band and take profit above the midline of the band. Set an alert for when the price touches the alert line, then adjust the order. RSI below 30 and trending upwards indicates a buying signal.
The price is currently piercing through the cloud and aiming to overcome the resistance level. I believe the price will soon retrace.
Like the previous example, ADX has been below the 20 zone for some time. At that time, EUR was also moving sideways. After ADX increased past 50, EUR also broke its peak and created a strong uptrend
Amidst the evolving global economic landscape, the Euro (EUR) remains a focal point for investors seeking clarity and direction. Recent developments have underscored both challenges and opportunities within the EUR market. Key factors influencing the EUR's performance include economic data releases, central bank policies, and geopolitical events. The EUR's...
What you've just observed is the basics of bouncing back from the Bollinger Bands. The reason for this bounce is because these bands act as dynamic support and resistance. The larger the time frame you use, the stronger the support and resistance from the bands. Many traders have developed trading systems based on this factor. This trading system works best when...
In the intricate web of global currencies, the Euro stands as a pivotal player, navigating the currents of economic fluctuations and geopolitical shifts. As we delve into the realm of currency analysis, let us unravel the complexities shaping the Euro's journey. At present, the Euro finds itself at a crossroads, buffeted by a myriad of factors. Economic data...
Greetings traders! Here's an extensive multi-time frame analysis for the selected pair. Feel free to drop any questions in the comments section below. Remember, we'll only consider entering a trade if all strategy rules are met. Let's exercise patience and wait for further price action development before committing to any positions. I recommend keeping a close eye...