💡This is a trade Idea inspired by this past week's bullish pin bar candle closure. The NFP and Inflation data catlyst for a higher timeframe pullback also supports this. Expected reduction in inflation from 3.7% Yoy to 3.6% Yoy during this week's news release also supports this. Two weekly candles holding/closing above 1.054-1.057 supports this. Flipping to...
∙ EUR/USD bulls in charge after series of dismal economical data in the US which pushed investors and markets to believe that high inflation and rate hikes cycle are behind
∙ Triple bottom around 1.05 (bullish reversal)
∙ Today price pushed through 61.8% Fibonacci level of the summer decline (bullish)
∙ Buyers are approaching critical resistance levels which...
Technical Analysis and Outlook:
After a pullback, the Eurodollar aims for our designated target, Inner Currency Rally 1.099. This comes after the currency repeatedly hit strong Key Res 1.092 in this week's price action. This suggests that the Eurodollar may experience an imminent rally to Inner Currency Rally 1.099 in this upcoming session, potentially bringing...
TrendCloud is showing an extended trend on the 4 hour chart.
This means that we should see price pull back below the 50 SMA to recalculate.
The one hour chart is in a downtrend and CCI has gone below -100. This indicates strong momentum to the downside as its approaching the 15 minute supply zone.
We might have enough momentum for another push down once the...
D ear Esteemed TradingView Community,
I trust this idea finds you well. In the intricate world of trading, where decisions are often rooted in data and analysis, I'd like to share my recent findings regarding the EURUSD market. Please note that this is not financial advice but rather a reflection of my analytical perspective.
In October, my focus zeroed in on a...
EUR/USD Faces Retracement Amidst Economic Uncertainties
The EUR/USD pair experienced a notable decline on Tuesday, retracing from its recent three-month high at 1.0965, marking the 61.8% Fibonacci level from the daily swing. The retracement has set a target of approximately 1.0830, with a potential extension down to 1.0780, aiming to fill the Value gap created...
The chart you see is the EURUSD but this post isn't just about euro but it will be a key player coming into next yr.
It's been a year of CB's but where do we head next?
BOE raising rates 3.5%, with the split vote as we head into 2023 expect a large recession going forward as all CB's have raised rates they are hiking a little bit too much and yes they will have...
On November 16, a series of "Seagull" option structures were initiated on the Euro (as shown in the picture). The stated objective of this strategy is to reach $1.06 by January 05, 2024. There is a high likelihood that the creator of this portfolio is not a retail trader.
Technical Analysis and Outlook:
The Eurodollar has experienced a notable recovery after successfully achieving the designated target of Inner Currency Rally 1.077. This means the Euro has bounced back significantly and shows positive momentum in the currency market.
However, as the Eurodollar approaches the next selected mark, Key Res 1.092, it may encounter...
Dear Esteemed TradingView Members,
I n the world of financial trading, precision and insight are invaluable assets. In today's dynamic market environment, it's imperative to embrace the right tools that provide clarity amid the ever-shifting tides of economic forces.
I n this piece, I delve into the intricate currency trading, focusing on the EUR-USD market....
Technical Analysis and Outlook:
The Eurodollar has undergone a notable downtrend movement from our Key Resistance level of 1.075, a significant level of resistance that the currency has been unable to break through. As a result, it is now expected to gradually move towards the Mean Support level of 1.061, which is strategic support for the currency. Furthermore,...
Euro is in a strong buy trend. It had its minor supports/ demand zones which it already had tested. Wait for the price to come to the designated demand zone. Place your Stop losses accordingly.
Happy Trading
FX:EURUSD OANDA:EURUSD Euro vs US dollar
Hi traders..
There's a 40% chance that the upward trend will persist in the mid-term. So, we're holding off and waiting for confirmation of a price downturn before diving into the selling trade.
If the upward trend is confirmed, we'll scrap this position.
⚠️ Disclaimer: The following insights reflect my personal...
