EURGBP is on a strongly bullish 1D technical outlook (RSI = 67.813, MACD = 0.002, ADX = 32.512) as it is rising on HL since the 0.84950 bottom. The 1D MA50 has been turned into Support but the price is now approaching the first important Resistance levels for the long term, R1 (0.87025) and more importantly the 1D MA200. If it achieves a candle close above, we...
EURUSD is rising towards an overlap resistance and could potentially reverse from here to drop lower towards our take profit target. Entry: 1.06760 Why we like it: There is a pullback resistance that aligns with the 50.0% Fibonacci retracement level Stop Loss: 1.07367 Why we like it: There is a swing-high resistance level Take Profit: 1.06028 Why we like...
DXY (the dollar index) has been on a nice run lately which has been pressuring markets. It seems the $ has found resistance here, looking for green shaded box as target for downside and this will help markets regain some strength. As you can see my other posts, all I see for the markets now is C H O P
Hello, Welcome to this analysis about the EURUSD and the weekly timeframe perspectives. In recent times many geopolitical and economical events are unfolding and it is no wonder that the EURUSD declines move further. When considering the situation of the Euro it needs to be stated that there are factors contributing to the fact that the Euro is weakened such as...
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 When price bounced from resistance line of wedge, it declined to support line, breaking $1.0730 level. After this, Euro started to trades between this level and later it finally bounced from resistance line and fell to $1.0655 support level. Also price exited...
Hello, Welcome to this analysis about EURUSD and the daily timeframe perspectives. If you never heard about a Broadening-Wedge-Formation I highly recommend to watch my tutorial about it to have a in-depth overview as EURUSD is forming such a formation: Therefore, looking at my chart now we can watch there how EURUSD is in a broader downtrend with major lower...
EUR/USD Regains Ground as Market Awaits Fed Decision The Euro (EUR) has rebounded against the US Dollar (USD), allowing EUR/USD to recover and make gains near the 1.0700 level on Wednesday. Meanwhile, the USD Index (DXY) has been trading with uncertainty in the low 105.00s as market participants exercise caution ahead of the crucial Federal Open Market...
The EURCAD pair has been decreasing since the August 30 High that formed the 1.48250 Resistance (1). Being below both the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line), the long-term outlook looks bearish, considering also the fact that we may have completed a huge Head and Shoulders pattern since December. However, the price is decelerating the...
RESISTANCE @ 1.1245 TP5 @ 1.1225 TP4 @ 1.1145 TP3 @ 1.1025 TP2 @ 1.0950 TP1 @ 1.0845 BSO2 @ 1.0733 ⏳ BSO1 @ 01.0670 ⏳ 😭 PA pushed well below our Pivot Low and triggered our Stop-Loss. 🙏🏾 However, I'm going to stay true to my original analysis and shoot for a long AGAIN.
EURCHF is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.95537 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level. Stop loss is at 0.95788 which is an overlap resistance level that sits above the 61.8% Fibonacci retracement level. Take profit is at...
EURAUD is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.65639 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level. Stop loss is at 1.66372 which is a pullback support that sits above the 50.0% Fibonacci retracement level. Take profit is at 1.64549 which...
The Dollar and US treasury Yields are all showing signs of future strength leading to the FOMC meeting, as the EURUSD has slammed into Resistance with Bearish Divergence and PPO Confirmation, the Yields have hit a Shark PCZ with PPO Confirmation, and XAUUSD has once again hit the PCZ of a Bearish ABCD and will give us PPO Confirmation of a Type 2 Reversal once,...
There goes my summer eurotrip.. Deep red MACD, looks like its got a bit of a lag to it, so my guess is a bounce to ~1:93 and then a culmination selloff to the bottom of what appears to be a well enough established range, around 1:87. Get it together, yanks!
Hi folks today I'm prepared for you Euro analytics. When the price rebounded from the trend line, it first fell to the 1.0765 resistance level, which coincided with the resistance zone, but soon, the price broke this level and declined lower. After this movement, the price a few time traded below the 1.0765 level and later Euro rose to this level again, but at...
Fundamentally I got Aussie strength on the horizon, whilst the EU is all over the place. I'm seeing a big fall coming, with the EU basically stagflating and AUD being buoyed by Chinese recovery, gold price increases etc. Even though we've seen positive data for the Euro this week, the effect on the FX has been negligible. Can't see the Euro doing much more than...
Today, we are awaiting FOMC. Here are the potential scenarios for EURUSD. Bullish Scenario The price has recently reached a support line of a falling parallel channel and nicely bounced from that. Currently, the market is testing 1.07 horizontal daily resistance. IF the price breaks and closes above that on a daily, a bullish continuation will be anticipated...
The Euro Currency Index is following the price action that I talked about in my last analysis. For now, not big changes when it comes to technical analysis. Technical analysis On the 30-minute chart, EXY is trading in a descending channel. This suggests that the bears are in control and that the index is likely to continue to decline in the short term. The next...
The EURCHF pair broke above the 1D MA50 (blue trend-line) and closed yesterday's 1D candle exactly on it. This is the first bullish signal we encounter since the June 12 1D MA50 break-out. The long-term pattern is a Channel Down but since July 27, the price has been holding the 0.952250 level (Support 1) as well as the 0.96510 (Resistance 1). As a result, we have...