The Euro (EUR/USD) is trading close to an overlap resistance and could potentially reverse off this level to drop towards our take-profit target. Entry: 1.07826 Why we like it: There is an overlap resistance that aligns close to the 38.2% Fibonacci retracement level Stop Loss: 1.08168 Why we like it: There is a pullback resistance that lies above the 50.0%...
EURUSD is trading inside a Channel Down ever since it made a High on December 28th 2023 with the 1D technical outlook steadily bearish (RSI = 39.870, MACD = -0.004, ADX = 22.645). After the price crossed under the 4H MA50 on January 2nd 2024, every time it recovered over it, the most optimal sell opportunity emerged for the short term. As long as the 4H MA200...
Hello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price some days ago rebounded from the current 1.0785 resistance level, which coincided with the resistance area and made a strong upward impulse to the seller zone. But soon, the price made little correction and some time traded near the 1.0980 resistance level...
EUR/JPY is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 160.289 Why we like it: There is a pullback support level Stop Loss: 159.853 Why we like it: There is an overlap support that aligns close to the 50.0% Fibonacci retracement level Take Profit: 160.929 Why we like it: There is...
Hi Traders ! On Monday 29 January, The EURCHF Reached a Support Level (0.93290 - 0.93202). Currently, The Last Lower High is Broken ! So, I Predict a Bullish Move📈 ---------- TARGET: 0.94140🎯
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some time ago price entered to falling channel, where it at once bounced from resistance area to support line. After this movement, EUR soon backed up to this area and some time traded in, after which price fell back. Next, Euro rose to resistance line, and then...
Monthly outlook for forex NSE:DOLLAR is finally out of range. A little retrace lower and then going higher is what I have in mind. I don't wanna see a deep retrace into the range. This aligns with the seasonal data for NSE:DOLLAR as well. TVC:DXY NASDAQ:EU $gu
It seems that the dollar index is in the support zone and we will probably have an upward correction in the weekly time frame
Hi folks today I'm prepared for you Euro analytics. Some time ago price rebounded down from the trend line and soon entered to consolidation, thereby breaking resistance 2, which coincided with the resistance zone. After this, EUR some time traded near this level, after which it rose to the trend line and then declined lower from this line. In a short time price...
The EURUSD pair is declining on a rapid pace and this is a good time to update our sell perspective that we shared with you 3 weeks ago (see chart below): This time we transition onto the 1W time-frame in order to gain a more efficient long-term understanding of the trend. The biggest development has been the completion of a 1W MACD Bearish Cross on last...
As We Talked in The Previous Analysis : The EURUSD Price Broke The Daily Support Level (1.08948 - 1.08770). This Key Level Becomes a New Resistance Level. Currently, The Price Pull Back to Important Structure and Now it Will Continue its Bearish Movement TARGET: 1.07670🎯
Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some days ago rose to the resistance line, which is located in the seller zone, which coincided with the resistance level and at once started to decline to the support line. After the price declined to this line, it broke the 1.0780 level, but soon Euro...
Here is my latest structure analysis for EURUSD. Horizontal Structures Support 1: 1.0724 - 1.0760 area Support 2: 1.0655 - 1.0670 area Resistance 1: 1.0895 - 1.0930 area Resistance 2: 1.0973 - 1.1000 area Resistance 3: 1.1106 - 1.1140 area Vertical Structures Vertical Support 1: Falling trend line Consider these structures for pullback/breakout trading...
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 When price entered to rising channel, it rose to $1.1010 resistance level, which coincided with resistance area. But then, Euro made downward impulse to support area, exiting from channel and starting to trades in wedge. In wedge, price made fake breakout of...
My favorite setups are entries on breaker that has an FVG present, and overlapping timeframe FVGs
As we monitor the EURUSD pair, it's crucial to recognize that we are presently within a downtrend channel since the start of the month. The price is currently forming lower lows and lower highs. Looking ahead to the second week of February, if we observe a rejection around the 1.07500 level, there is a possibility of a structural change that could lead to an...
Hi Traders ! On Tuesday 30 Jan, The EURNZD Price Reached a 0.618 Fibonacci Retracement Level. The Resistance Line is Broken. So, I Predict a Bullish Move. TARGET: 1.78700🎯
Hi Traders ! On The Daily Time Frame,The EURUSD Price Broke The Support Level (1.08948 - 1.08770). This Key Level Becomes a New Resistance Level. So, I Predict a Bearish Move📉. TARGET: 1.07670🎯