We can see that EURCAD has been on a downtrend since the last week of August. With Oil prices rising I think the fundamentals for the Canadian Dollar continue to look good, the EURO on the other hand doesn't have much going for it. I have noted a break through support and looking for a short any time soon, there's minor support at 1.402 which will be my target,...
Hi folks today I'm prepared for you Euro analytics. After the price declined to resistance 2, which coincided with the resistance zone, it soon broke this level and fell below, but in a short time Euro backed up and rose to 1.0935 points. Then the price started to decline inside the downward channel, in which the Euro fell to the support line, thereby breaking the...
Hi Traders! The EURCAD Broke a Strong Daily Support Level (1.43628 - 1.42384) Currently, This Support Level Becomes a New Resistance Level. So, I Expect a Bearish Move📉 i'm waiting for retest... ----------- TARGET: 1.40350🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
EURGBP leaves important bearish clues after a test of a solid daily horizontal resistance: I see a double top and a rising parallel channel patterns. The price violated both the horizontal neckline and a trend line and closed below them two. I anticipate a further bearish continuation to 0.8635 / 0.8619 ❤️Please, support my work with like, thank you!❤️
The EURAUD pair is close to hitting the Target we set a month ago (see chart below) on the bottom (Higher Lows trend-line) of the Channel Up pattern since mid-September 2022: Since the 1D MA100 (green trend-line) has held as Support for 9 straight sessions, the market may consider it as the new bottom. It would be best to take the good profit made throughout...
Hello There! Welcome to my new analysis about EURAUD on several perspectives. The Eurozone inflationary pressures increased massively within the recent times determining a huge bearish edge against the AUD zone, especially as inflation in the Eurozone is not yet tackled by continued higher rate hikes with which the ECB, European Central Bank is trying to...
✅EUR_USD is in a very Strong downtrend and the Pair has been falling for a while now So much so that it is now oversold Thus as the pair is retesting a Horizontal support level of 1.04833 I think that we might see A local bullish correction LONG🚀 ✅Like and subscribe to never miss a new idea!✅
The Dollar is surging and gaining strength like it did in 2021/2022 when inflation narrative dominated the market. Are we witnessing inflation resurgence. This Multi crossover of the daily moving averages suggests a very strong trend is forming, but this rise in price action often yields a pullback before the next leg higher. Think about why this is...
SLO @ 1.1235 ⏳ TP5 @ 1.1200 TP4 @ 1.1120 TP3 @ 1.0985 TP2 @ 1.0895 TP1 @ 1.0766 BLO1 @ 1.0635 📈 BLO2 @ 1.0550 ⏳ 1️⃣ PA is currently pulling back from our BLO1 2️⃣ PA is currently within a Resistance Range (3D) 3️⃣ If it respects the Resistance Range, I'm anticipating PA will continue the DT down to our BLO2 @ 1.0555
There are two scenarios for this analysis Scenarios are marked with different colors Which scenario do you think is likely to happen? Blue or red?
EURUSD is inside a Double Channel Down pattern, trading at the moment on the twin bottom. Being under both the MA50 and MA200 (1h), the price action is identical to the earlier stage of the Channel Down (August 10th-25th). Trading Plan: 1. Buy on the current market price but don't hold if the price crosses under the dotted bottom line. Targets: 1. 1.07365 which...
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 grow inside the upward channel to the resistance line, thereby breaking the 1.0725 resistance level, which coincides with the seller zone. After this movement, the price bounced down and after reaching the resistance level, broke it...
The Euro (EUR/USD) is rising towards a pullback resistance and could potentially reverse from here to drop lower towards our take profit target. Entry: 1.06298 Why we like it: There is a pullback resistance that aligns with the 38.2% Fibonacci retracement level Stop Loss: 1.06735 Why we like it: There is a pullback resistance that aligns with the 61.8% Fibonacci...
Hello traders, EURJPY may be followed by a consolidation, Shorter term traders could take long and short trades at bottom and top of the range, respectively. We will trade after breaks of the range! SO WAIT FOR UPDATES!
The EURUSD pair is extending the bearish trend firmly within the borders of the 2-month Channel Down hitting in the process last week's target: As you see, it failed to break above the 4H MA100 (green trend-line) so we didn't pursue Target 2. We are in a similar situation now, with the price again at the bottom of the Channel Down, while the 4H RSI is about...
🔸previously recommended shorting eurusd at 0900. right now bid is 0797, short trade running pnl +100 pips. recommend to exit short at 0680 and look for a reversal trade setup on buy side. review original trade setup (short) via link below. 🔸eurusd generated a swing high failure short sell signal after failing to print a new higher high, SHF at 1255. right now...
🔸Hello traders, let's review the 8 hour chart for inverted EURUSD. (1/eurusd) Speculative XABCD in progress, with PRZ/D set at 0.9600 (1.0400), so expecting more losses in EURUSD going into FOMC / early october 2023. this is inverted price chart! so means that long = short EURUSD. 🔸XABCD structure is defined by point X at 9500, point A at 9000, point B at 9350,...
Hello,Traders! EUR-USD broke the support Cluster of the rising and Horizontal support lines And the breakout is Confirmed so I think That the pair will Keep falling down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!