EURGBP hit today the 1D MA100 but so far has failed to cross over it. This is keeping the 1D technical outlook neutral (RSI = 45.430, MACD = -0.002, ADX = 43.111) which is usual after a rebound at the bottom of a Channel. On this particular occasion, it is a Channel Up, rebounding after the 1D RSI turned oversold. However since July 20th, the 1D MA100 got tested...
Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some time ago started to trades in the range, where it first rebounded from the buyer zone, which coincided with the support level and rose to 1.0640 points. After this, the price made a little correction and then continued to move up, but soon EUR corrected...
EUR/USD Surges: Fed's Dovish Shift Sparks Bullish Momentum EUR/USD underwent a significant directional shift on Wednesday, experiencing a robust bullish momentum that propelled it above the 1.0900 mark for the first time since December 1st. The market focus has now turned to the upcoming European Central Bank (ECB) policy announcements, leading the pair into a...
The EURCHF pair stayed within the long-term Channel Down, got rejected on its top after our November 02 sell call (see chart below) and effectively hit our 0.941850 target: Despite having more downside to drop it below Support 2, we expect a medium-term rebound as the 1D MACD is very close to posting a Bullish Cross, which within this Channel Down has been a...
After a test of a confluence zone based on a daily horizontal resistance and 318 retracement of the major bearish impulse, EURJPY dropped and violated a support line of a rising wedge pattern on an hourly time frame. It is an important bearish confirmation. We may see a bearish movement to 156.2 / 155.5 soon. ❤️Please, support my work with like, thank you!❤️
EURCAD formed a tiny double top pattern on a solid horizontal resistance. Breakout of its neckline is a strong bearish confirmation. We can anticipate a bearish movement to 1.4645 now. ❤️Please, support my work with like, thank you!❤️
✅EUR_USD made a rebound From the horizontal support Of 1.074 from where we are Seeing a nice bullish rebound So I think that the pair Will go higher up now LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! EUR-USD broke out of The falling channel pattern And the breakout is confirmed So we will be expecting A further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello,Traders! EUR-GBP broke out of The parallel range in which The pair was accumulating For the next move so now we Are locally bullish biased And I think that we will see A local move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 When price broke $1.0720 support level, which coincided with support area, it declined below and some time traded there. After this, Euro made upward impulse higher than $1.0720 level, breaking it again and then price started to grow in rising channel. In...
The double top broke down the uptrend line and now the pair is testing the broken support zone. It has heavy resistance above, the trendline and broken neck of the double top. Give it a wide SL, it may try to test both, I'll add at every attempt to break up. I don't think is coming back before touching the support blue line.
The EURJPY pair has been trading within a Channel Up pattern since the March 07 2022 Low and only last Thursday hit the 1D MA200 (orange trend-line) and is rebounding. At the same time the 1D RSI got oversold (below the 30.00) and is also rebounding. The last 1D MA200 rebound that turned into a Higher High for the Channel was on August 02 and peaked on the 1.382...
EUR/USD: Awaited FOMC Decision Sparks Mild Negative Bias EUR/USD is currently trading with a slight negative bias on Wednesday, influenced by a modest uptick in USD strength. The currency pair's downside, however, is cushioned as market participants eagerly await the crucial Federal Open Market Committee (FOMC) policy decision. The focus will subsequently shift...
✅EUR_AUD has made a bullish Rebound just as I predicted In my previous analysis but Has not reached a falling resistance From where I will be expecting A bearish correction SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
✅EUR_AUD is going down now But a strong support level is ahead at 1.625 Thus I am expecting a rebound And a move up towards the target at 1.640 LONG🚀 ✅Like and subscribe to never miss a new idea!✅
EURUSD is close to forming a Death Cross on the 4hour time frame. The pair is trading inside a Rising Megaphone pattern which is inside a larger Channel Down. Both patterns have downside gaps to fill. The price action is almost like all previous bearish legs in 2023 at the time of a 4hour Death Cross. Today's small spike is a solid sell entry. Target 1.06500...
Euro on the Move: US CPI Figures and the Federal Reserve's Shadow In the dynamic landscape of the foreign exchange market, the Euro has adopted a moderately positive tone during the European morning trade, surging towards intra-day highs near 1.0810. This surge comes as the US Dollar experiences a loss of footing, setting the stage for a crucial market juncture...
Hello Traders ! Yesterday, The EURCAD Price Reached a 0.5 Fibonacci Retracement Level. Currently, The Price Formed a Falling Wedge Pattern. So Let's Expect The Bullish Scenario: If The Market Breaks The Resistance Line and Closes Above That, We Will See a huge Bullish Move... TARGET: 1.49050🎯