Hello Traders.. EurUsd just dropped off last week. Those market participants who caught this massive selloff may be thinking of taking some chips off the table. This coincides with a bullish trend in bond yields and the S&P futures wasting no time heading to the upside to begin the week. The Iran and Israel conflict adds a layer of complexity to this new week of...
Trading Setup:
A Trading Signal is seen in the EURUSD (m15)Currency Pair.
Traders can open their Sell Trades NOW
⬇️Sell Now or Sell on 1.0684
⭕️SL@ 1.0716
🔵TP1@ 1.0561
🔵TP2@ 1.0500
🔵TP3@ 1.0411
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning...
The EURUSD pair has been consistently making lower highs, indicating a loss of bullish momentum.
This pattern suggests the potential for a breakdown below the current support, eyeing a move towards the major support zone.
Traders should watch these levels closely for signs of continued bearish movement.
Lookin at the RSI and Support Resistance behaviors I expect to see EURUSD to decline more. I expect 200 to 900 pips down trend once it moves out of consolidation on the Daily chart.
Technical Analysis and Outlook:
The Eurodollar has completed an Inner Currency Dip of 1.065. This momentum is expected to generate further selling pressure, resulting in a decline to the next Inner Currency Dip of 1.054. Ultimately, the Eurodollar is expected to reach an Inner Currency Dip of 1.045. It is worth emphasizing, however, that an interim rebound to the...
Hello traders.. so yes indeed we did get a very nice push down on EurUsd with CPI data. I put out Short Analyses on Sunday/Monday around Pre-London outlining the fear and market uncertainty that increasing inflation brings into the markets. The inflation reading CPI was expected to rise from 3,2% to 3.4% YoY. The reading came out as 3.5% YoY and we dropped hard on...
Hello traders.. we have the last 2 trading sessions of the week here. The monthly/weekly/Daily are all bearish. 4Hr market structure is bearish and we are creating a new 4hr resistance zone at 1.07261 after this 4hr candles closes in 30 minutes. Today we observed a continuation on EurUsd which was forecasted inadvance on this channel. It was relatively straight...
Amidst the ever-fluctuating landscape of the foreign exchange market, the EURUSD pair has captured the attention of traders following a notable drop to 1.071 in response to recent economic developments. As I compose this article, the pair finds itself at a critical juncture, supported by a confluence of factors including strong technical support and contrasting...
As we enter the 5th trading session of the week, The monthly candle and weekly candles are still bullish. The Daily candle closed bullish to begin the week(Monday) and it appears that the market has possibly priced in the not-so-great data forecasted to be released on Wednesday. The Euro went up on a Monday with inflation forecasted to increase for the USD on...
The euro has reached an important support zone. Important Fibonacci levels of the previous bullish leg, and the uptrend line of the daily timeframe. We follow the daily reaction candle
🔨 EURUSD is breaking the 🔴 Resistance zone($1.0848-$1.0840) 🔴.
🌊According to the theory of Elliott waves , EURUSD seems to have completed the corrective waves and is now ready for the next five impulsive waves .
🔔I expect EURUSD to go UP at least the 🟣 Yearly Pivot Point 🟣 after breaking the Resistance line and ⚔️ Attacking ⚔️ the upper Resistance...
Technical Analysis and Outlook:
The Eurodollar has broken through our Mean Support level of 1.077 and has quickly risen to hover around the Mean Resistance level of 1.084. This momentum is expected to generate further selling pressure, resulting in a decline to the Mean Support level of 1.074. Ultimately, the Eurodollar is expected to reach an Inner Currency Dip...
The Market is Flying with Optimism
after ADP data was better
than Forecasted, Services data missed forecasts
but Fed Chair Jerome Powell
has said that he does not think that
inflation is reversing higher. The monthly candle has flipped bullish along with the Weekly candle as price has done a complete 180 from our initial selloff early in the week. Yes, we...
Hello Traders, the March Monthly candle has closed bearish with a large top wick which looks to have rejected the top of our Monthly range at 1.1028. We now have 3 Monthly candle closing bearish consecutively which suggest more downside on EurUsd possible as we enter Q2, 2024. The top wick on the March monthly candle looks like a fresh liquidity grab for a push...
Technical Analysis and Outlook:
According to the Daily Chart Analysis for the week of March 22, the Eurodollar has successfully completed a Squeeze Currency Dip of 1.078, which was the primary target. Consequently, this momentum is projected to generate further selling pressure, leading to a decline to the Mean Support level 1.070. Ultimately, the Eurodollar is...
