The Euro (EUR/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.05684 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level. Stop loss is at 1.06000 which is a level that sits above the 38.2% Fibonacci retracement level and an overlap resistance. Take...
EUR/USD fell sharply after establishing a monthly peak near 1.0700 and the 55-day MA, down to the 1.0580 area. The pair completely erased Monday's gains, but remained above the 20-day MA at 1.0560. Breaking through here will be a signal that the uptrend in October has ended. On the H4 frame, the pair maintains below MA 20, showing that selling pressure is still...
DXY has broken a previous high and has escaped this range scenario from 01/01/22, Price has now formed a flag or consolidation above this high. If we take the length of the flag pole and extend it above the flag itself we can see this price ends up in this area of previous value, in my opinion USD is likely to make a move here. We can look for tell tale signs of...
EURUSD on the Daily chart has broken the June 2023 Low and we have returned to the price and have started to build value under it, with this consolidation/flag forming, we can wait for a breakout of this flag to look for downside momentum with the dashed lines forming potential take profits on the way down. SPX is also looking weak currently, we could see the DXY...
Euro will not put its foot on brakes, it has a long way to go. wait for the market to come to the demand zone. Go Long from the area mentioned. Track your SL accordingly. NO TP for this trade. Happy Trading
Here is my latest structure analysis for EURUSD. Horizontal Key Levels Support 1: 1.0618 - 1.0645 area Support 2: 1.0495 - 1.0509 area Support 3: 1.0448 - 1.0466 area Resistance 1: 1.0690 - 1.0737 area Resistance 2: 1.0756 - 1.0775 area Vertical Key Levels Vertical Support 1: Falling trend line Consider these structures for pullback/breakout trading. ...
EURUSD was rejection early today on the MA50 (1d) and the price pulled back aggressively. So far it is contained above the MA50 (4h), keeping the Channel Up since the bottom of the 3 month correction, intact. Trading Plan: 1. Buy on the current market price. Targets: 1. 1.07500 (top of the Channel Up). Tips: 1. The RSI (4h) hit its Rising Support and is...
According to Investing, the USD has become more stable after somewhat mixed comments from Federal Reserve Chairman Jerome Powell on the interest rate roadmap. The greenback ended the week lower as traders booked some recent profits. In the past week, the DXY index turned down as US Treasury bond yields continued to rise. The 10-year US Treasury bond interest rate...
EURJPY broke a solid horizontal resistance. Retesting the broken structure, the price formed a tiny horizontal range on a 4h time frame. Its resistance breakout is an important sign of strength of the buyers. A bullish movement is expected to 159.4 / 159.7 levels now. ❤️Please, support my work with like, thank you!❤️
I spotted one more confirmed breakout. EURCAD violated a key daily resistance. On a retest of a broken structure, the price formed an ascending triangle formation with a confirmed neckline violation. I expect a further bullish continuation on the pair at least to 1.458 ❤️Please, support my work with like, thank you!❤️
EURUSD turned bullish on the 1D timeframe (RSI = 56.634, MACD = -0.002, ADX = 25.303) as it made a major breakout by crossing above the LH trendline that originated on the July 18th High. The current short term Channel Up is about to test the 1D MA50 for the first time since August 11th. If it closes the 1D candle over it, we will buy and target the 1D MA200 (TP =...
The Euro (EURUSD) is rising towards a pullback resistance and could potentially reverse to drop lower towards our take profit target. Entry: 1.05947 Why we like it: There is a pullback resistance that aligns close to the 78.6% Fibonacci retracement level Stop Loss: 1.06317 Why we like it: There is an overlap resistance that aligns close to the 23.6% Fibonacci...
Hi friends 👋. A long time not writing about EURUSD pair and about Forex at all. So there's a situation when we have advantage of bulls waiting for closing - sell their positions. 📉 To be more correctly 60K contracts waiting for sell. Downward we have some support levels but my opinion price can going down to 1.0575. Follow me.
BTC/EUR vs BTC/USD present significant technical distinctions. Since May 2022, both BTC/EUR and BTC/USD appear to have formed an ascending wedge pattern on a linear scale, which typically breaks downward, signaling a bearish pattern. What's intriguing is that the asymmetry of this pattern for BTC/EUR is more intriguing than for BTC/USD. Over time, BTC/EUR has...
Here is my latest structure analysis for EURUSD. Horizontal Key Levels Resistance 1: 1.0620 - 1.0640 area Resistance 2: 1.0690 - 1.0740 area Support 1: 1.0495 - 1.0510 area Support 2: 1.0450 - 1.0467 area Vertical Key Levels Vertical Resistance 1: Falling trend line Consider these structures for pullback/breakout trading next week. ❤️Please, support my...
Here I used numerology, all sorts of tricks from the internet will not work, here you need to approach the graph from history and look for patterns, you can see my past ideas. In general, now is a good point for those who have not yet gone long. If you want to understand more, just look at my other ideas.
The EURCAD pair crossed over the 1day MA50 yesterday for the first time in 6 weeks and today is closing over it. This is a bullish extension signal towards at least the Falling Resistance. Every bullish sequence in 2023 following a 1day MA50 break out has made at least a +4.21% rise. Buy now and target 1.46800 (Falling Resistance). Follow us, like the idea...