We Depreciated -46.4 Pips this week on EurUsd. This was due to profit taking from the increase in recent weeks, CPI data that wasn't favorable for the Federal Reserve's goals, and confluence with a Weekly Resistance Level 1.095. In this Analysis we begin by looking at how the Monthly and weekly timeframes pulled to the downside. We then go down to the 30 minute...
Technical Analysis and Outlook: During this week's trading, the Eurodollar had difficulty surpassing our Mean Resistance level of 1.097. As a result, it continued to move towards our Mean Support level of 1.087, which could lead to further selling pressure, resulting in a decline to the Mean Support level of 1.080. Nevertheless, the currency could reach the Inner...
🏃 EURUSD is moving near 🔴 Heavy Resistance zone($1.1185-$1.0980) 🔴and Resistance lines and 🟡 Potential Reversal Zone(PRZ) 🟡. 🌊According to the theory of Elliott waves , EURUSD seems to have succeeded in completing the corrective Zigzag(ABC/5-3-5) inside the Ascending Channel . 🔔I expect EURUSD to move towards the 🟢 Support zone($1.0920-$1.0870) 🟢after...
Last Friday, EUR/USD reached its highest level since early January, climbing above 1.0983 before reversing course during the American session to close the day with minor losses. As Monday's morning session unfolds, the price action is characterized by an Inside bar pattern on the H4 timeframe, indicating a period of consolidation as traders await a breakout in...
Hello Traders, another Scalping Review video analysis! 8 Trades today (4/8 or 50% Win rate on the day). I traded 2 different setups today. - Fakeout Against the Trend (2 Trades ) and - Fakeout with the Trend (6 trades) .. I earned more today trading the latter.. typically, trading with the trend is not a bad idea and my results showed that today :) . Although,...
Hello Traders! This short video details my Trading Day. I traded 2 different setups today for a total of 3 individual trades. I won all 3 trades :). 2 Of the trades were Short trades as we had price rejecting Weekly Level 1.09510 to begin the week. We also had confidence to put on these Short trades since the London 4hr candle closed bearish and the current 4hr...
Technical analysis Bought at 1.07900 at 13 Feb, sold at 1.09500 in 8 March with profit Possible next downtrend move heading 1.0800 zone as a result of the head and shoulders pattern and the breakout of 1.07350 support zone
Technical Analysis and Outlook: In this week's trading, the Eurodollar saw a remarkable surge, breaking through our Mean Resistance levels of 1.085 and 1.090. The currency marched forward with significant momentum, leaving behind the previous trading range. However, based on the recent price trend and market analysis, we anticipate the Eurodollar will retrace its...
FOMC minutes soon, placing three limits for EURSUD. 1% risk first and 0.5% risk others. Total 2% risk per phase.
Yesterday I wrote about a trend change and today we have a BoS already. Looking for a cooldown to enter a long trade with a 1.1 target price. Keeping in mind that we hadn't reached upper POC zone yet, so I'm still off market and monitoring.
Hello traders welcome back to another Analysis. //// 0:0 Monthly/Introduction 1:06 Weekly Timeframe 2:24 Daily timeframe 2:58 4Hr timeframe 4:15 1Hr timeframe //// We have upcoming (USD) PMI manufacturing data during the next NY session to look out for. It is expected to expand overall but decrease slightly from the last data point. Coming out of last Friday and...
Eurusd new monthly candle! The February monthly candle closed a bearish doji candle. This suggests that we may continue a bearish descent from the January monthly engulfing candle. At the same time it appears that price is respecting Weekly level 1.0763 and there is Risk-On Sentiment in the markets following optimistic Cad inflation data from 2 weeks ago....
FX:EURUSD has mitigated its daily OB and made a 4H BoS to the upside, and the next major daily level & OB is 200 pips away.
The weekly candle will do 1 of 2 things today. It will 1) pull up and continue our bullish momentum from last week ( which is quickly becoming distant) or 2) Retrace back down towards 1.074 weekly level which we bounced strong off last week with optimistic Cad data as our catalyst 0:0 Intro Monthly/Timeframe 0:58 Daily timeframe 3:43 Weekly timeframe 5:43 4Hr...
Technical Analysis and Outlook: In this week's trading, the Eurodollar lacked significant price movement, revolving around the Mean Resistance level of 1.085. This means that the currency has been experiencing a period of consolidation with no clear direction. However, based on recent price trends, we expect the Eurodollar to move towards our Mean Support level...
Euro Will Be Worth More Going into March, Compared to the Dollar
2 Hours after London Close 2/28/24. Eurusd we observed a wild day of volatility as a large 50 pip bearish move during london session was duly corrected by a Bullish New york session. Price moved away from our Daily resistance level 1.0885 today and pulled back as the monthly candle comes to a closure. This is not abnormal to observe when the monthly candle...
This current bullish move looks to be running its course, resembling a bull flag. Will be waiting for a confirmation on LTF's to get in short, hopefully before the big news on Friday, which I expect to confirm interest rates staying as they are for longer, and a hawkish fed.