EUR

We are at a support level represented by the orange bar, once it has broken we should see a move down to S2 at 122.305 with further support at 122.145. Hence the short position is profitiable, be wary as the news may cause fluctuations.

EURNZD H8 We have now tapped off a key supply zone, on top of that, we have multiple H8 and H4 wick rejections to the upside + H4 and H8 divergence on MACD. Previous stop hunt has been fulfilled in my opinion as well. Could be a very nice +400 pip decline, I'm going to close majority of my positions at +120 pips and ride a small lot down risk free as much as I...

Morning traders, Looking at Euro versus New Zealand dollar which is flagging up as extremely overbought on daily stochastics and RSI after moving another 50 pips higher overnight. On our trading view chart we have drilled down to 4 hourly candles to highlight the pair is hitting resistance levels dating back to January which had already been tested at the start...

Here is a counter trend trade set up on the EURAUD fx pair. Shorting on the 3rd rejection of the 0.27 fib extension from the last 4hr wave. I will be looking to take this trade down to the 4hr bullish trendline and if that TL breaks then I will go for the daily fib 0.618 retracement level at around 1.59

Midterm forecast: While the price is above the support 1.4750, beginning of uptrend is expected. We make sure when the resistance at 1.5285 breaks. If the support at 1.4750 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: While the RSI resistance #1 at 62 is not broken, the probability of price increase would be too...

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=122.45. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=123.1. TP4: R2=123.6. Set the stoploss of these orders at breakout of S2=122.1. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...

Short zone reached for EURAUD FX pair. Got a strong resistance which has held multiple times this year. Looking to short this pair down to the 4hr trendline and hopefully price then breaks.

EURNZD is rejecting the weekly fib 0.786 retracement level. I am shorting at this zone with a fairly aggressive stop loss in the hope of a break downwards. I will be paying attention to the daily/4hr TL for a break or bounce and will remove exposure at this level.

We are waiting for a breakout in either direction on the EURCHF pair before taking a position. A break above the current zone should see the bulls testing the recent high and then 1.15. Whereas a break below the current zone and the 50MA should see the pair drop to 1.135 and below.

Afternoon traders, US GDP smashing estimates yet again with a 3.2% growth versus expectations for 2.3% but this pair, Euro versus US dollar failed to trade (and hold) near yesterdays lows giving us confirmation that a near term bottom is in for the time being and that Euro is likely to head higher from here. US GDP is a high impact event and for all traders it...

Here is a simple short trade set up on EURNZD. Price has reached the midpoint of the daily 0.618 & 0.786 Fib level so there should be some nice resistance around here. Price has now broken the 4hr bullish trendline and come back to retest it. In this retest zone we also have the 4h Fib 0.786 retracement level and the 1.69 whole number price level. I am targeting...

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.118. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.114. TP4: S2=1.112. Set the stoploss of these orders at breakout of R2=1.119. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...

Simple long position taken on EURUSD based on previous support. Lots of demand at this level and weekly Fib 0.618 sits here. Stop Loss around 45 pips away to avoid any spikes. Targeting previous highs.

Looking for a continuation in price towards target 1&2. We can see EURUSD was siting on major support, due the weakining of dollar it has kickstarted the reversal of this pair.

Looking to enter EURUSD in the BUY Zone, enter on a reversal candle. Looking to target around 70pips to Target zone.

EURJPY reversed off our first resistance at 122.74 (61.8% Fibonacci extension,23.6% Fibonacci retracement, horizontal pullback resistance) where it could potentially drop to its support at 122.12 (horizontal swing low support, 100% Fibonacci extension). Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully...

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.116. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.12. TP4: R2=1.1225. Set the stoploss of these orders at breakout of S2=1.114. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...

Technical analysis: . Ripple/Euro is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 55. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.32500 to 0.25000). if so, traders can set orders based on Price Action and...