eurusd has broke outside the bearish channel and the retest already happend. In my opinion we have 2 scenerio's. 1. Price stays above 1.07937 support zone and seeks higher levels. 1.0888 already tested so expecting it to break above toward 1.0930. 2. if price breaks below 1.0787 we can expect a downwards movement again. Resitance: 1.0833, 1.0860,...
✅The retest of the strong resistance level of 0.9544 on EUR_CHF Has happened after trading in a local uptrend from some time Which makes price decrease a likely scenario With the target being a local support below at 0.9508 SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
This is my Weekly analysis on EURUSD for 26-1 Mar 2024 W8 based on Smart Money Concept (SMC) which includes the following Time Frames: Weekly Daily 4H Economic Events Weekly Chart Analysis 1. Swing Bearish Internal Bearish Reached Swing EQ (Pro Swing + Pro Internal) 2. After the Bearish iBOS we expected pullback, price tapped into...
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Hello,Traders! EUR-CHF is retesting a Horizontal resistance of 0.9545 And we are already seeing a Bearish reaction so I think That the pair will go down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
✅EUR_NZD is about to retest a key structure level of 1.7400 Which implies a high likelihood of a move up As some market participants will be taking profit from short positions While others will find this price level to be good for buying So as usual we will have a chance to ride the wave of a bullish correction LONG🚀 ✅Like and subscribe to never miss a new...
Welcome back! Let me know your thoughts in the comments! ** EURNZD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
Hello,Traders! EUR-NZD keeps falling down But a strong horizontal Support level of 1.7395 So after the retest I think That the pair will make A local bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Noticed a great sell opportunity that has formed on EURCHF. Testing currently previous weekly rejection, channel, divergence, harmonic pattern name it. Quite a risky position tho, so I will go BE when possible.
#EURUSD Day Plan. After yesterday's corrective movement, the context shifted to short. My intraday target is the Previous Day's Low (PDL). I also considered entering during the London open, but unfortunately, I didn't identify a suitable model for myself.
EURNZD - Intraday Our bespoke support of 1.7511 has been clearly broken. Previous support at 1.7520 now becomes resistance. Our short term bias remains negative. 20 4hour EMA is at 1.7493. Our outlook is bearish. We look to Sell at 1.7495 (stop at 1.7547) Our profit targets will be 1.7365 and 1.7335 Resistance: 1.7485 / 1.7530 / 1.7570 Support: 1.7440 /...
The HUF continues to weaken, we will almost certainly not stop until the 400 level.
This is my Intraday analysis on EURUSD for 23 Feb 2024 W8 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bearish INT Bullish Swing Pullback Phase 2. After a BOS and iBOS we expect a Pullback. As expected after the Bullish CHoCH and mitigation of 4H/Daily Demand zones,...
EUR/NZD could fall towards a pullback support and potentially bounce off this level to climb higher. Buy entry is at 1.74501 which is a pullback support. Stop loss is at 1.74000 which is a level that sits underneath the 127.2% Fibonacci extension level. Take profit is at 1.75219 which is a pullback resistance that lies underneath the 38.2% Fibonacci retracement...
The EUR/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a bullish channel pattern. This suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming minutes or hours. Key Points: Sell Entry: Consider entering a short position around the current price of...
EURGBP is technically bearish on the 1D timeframe (RSI = 37.174, MACD = 0.000, ADX = 32.150) as it is extending the selling since the December 28th 2023 High near the top of the 1 year Channel Down. For the last 3 days it has failed to cross over the 1D MA50, even though it got too close, and a rejection today can start a bearish wave of minimum -1.78%, much like...
The overall mood in the market is RISK-ON which means there is apetite for risk and that usually makes the NZD take value. I beleive the strong correlation that NZD has with risk apetite in the market will push EURNZD lower especially after all the lower lows we are seeing on the higher timeframe.
The EURUSD pair hit today the 1D MA50 (blue trend-line) for the first time in almost 1 month (since January 24) and immediately retraced. Will this level provide a full technical rejection? Well at first glance, this is also the top (Lower Highs trend-line) of the nearly 2-month Channel Down. In addition, last time the 1D MA50 was tested (Jan 24) or nearly tested...