On the Bigger picture, EUR/USD triggered two TP Levels, awaiting for the lower ones. How much Lower can $EUR/USD go ? It's been a very good Summer shorting Euro throughout Q3/2023 . We also longed the up-rise bounce last year lows at 0.95 $ and ride it all the way by end year (Two Quarters opened position) Do not be trapped by the most recent price action of...
1.It's early in the week 2. Alot of volatility already this week for EurUsd 3. Daily candle closed with no bottom wick denoting exhaustion 4. Asian session continuation to the downside here coinciding with daily support level 1.04627 0:0 Monthly timeframe 2:47 Weekly timeframe 4:51 Daily timeframe 6:52 15m timeframe 8:04 4hr timeframe 8:52 1hr timeframe We moved...
Hello everyone so off to the races here with another week in the markets. 0:0 Monthly timeframe 2:59 Weekly timeframe 6:38 Daily timframe 9:10 4hr timeframe 12:08 1hr timeframe 12:50 Bias My Analysis today is derived from the close of the Septmeber Monthyll candle. We observed the September monthly candle pull back up into the close with (2) Bullish Daily candles...
Eurusd no mercy for the Monthly candle closure here. 0:0 Monthly timeframe 1:41 Weekly timeframe 3:57 daily timeframe 5:51 4hr timeframe 7:49 1hr timeframe 8:01 what happened during today 13:40 Bias for upcoming session Today we observed a V-Shaped recovery on Eurusd fueled by missed GDP data. We can also attribute the pulback to an over-extended DXY,...
Despite missed consumer confidence on Tuesday, Eurusd has been tanking and continuing the higher timeframe momentum. 0:0 Monhtly timeframe 2:56 Weekly timeframe 4:55 Daily timeframe 6:50 4hr timeframe 8:55 1hr timeframe 12:40 Bias We may also observe that the market is pulling down into the close of the monthly candle. The same concept which you may hear me...
When the Market trends down, support zones become resistance zones after candlestick closure confirmations. 0;0 Monthly timeframe 1:15 weekly timeframe 4:15 daily timeframe 9:00 4hr timeframe 11:45 1hr timeframe 14:00 Bias If you are new to the markets, that last sentence is probably a bit confusing. But really all it sums up to is that the market moves down in...
OANDA:EURUSD Fractals Trend Channel Fractalsmarket | fractals trend line | fibonacci | support resistance | pivot point | 1 2 3 cp and 4 | base pivot points
Euro Trims Losses Against US Dollar Post-Fed Event In the aftermath of the recent Federal Reserve (Fed) event, the Euro (EUR) found itself on a backfoot against the US Dollar (USD), but it managed to regain some ground. Here's a look at the key events and dynamics shaping the EUR/USD currency pair's movement. Euro in Decline Post-Fed: The Euro had been facing...
I must admit that the current state of affairs in the currency market has left me feeling rather disheartened. It is with a heavy heart that I share with you the recent news regarding the euro's ongoing decline, even in the face of the European Central Bank's (ECB) decision to raise interest rates to unprecedented levels. In a surprising turn of events, the...
Technical Analysis and Outlook: In this week's trading, the Eurodollar fulfilled its legacy by completing our Outer Currency Dip of 1.062 with an intermediate rebound retest to Mean Res 1.070 and 1.075 possibilities. The next major down target is the Outer Currency Dip of 1.050.
The market has been relentless to the downside over the last 2-3 months. 0:0 Monthly timeframe 2:00 Weekly timeframe 5:35 Daily timeframe 8:45 4hr timeframe 12:35 let's zoom out a bit 12:30 1hr timeframe 15:15 Bias Fueled by Inflation data and technical confirmations, the market has continued is descent time & again. Tuesday Wednesday and thursday have closed...
EurUsd Buyers in La la land or are we onto something here? 0:0 Monthly timeframe 2:10 Weekly tiemframe 5:26 daily timeframe 7:34 4hr timeframe 10:25 Let's talk interest rates 12:30 1hr timeframe At times the market has coincided it's bottom or top with a News release. Today we have the September Interest Rates release as our fundamental catalyst for a potential...
After monstrous gains last week from EU bears, is the time up ? 🕓 0:0 Monthly timeframe 2:21 Weekly timeframe 5:28 Daily timeframe 7:00 4hr timeframe 10:27 1hr timeframe There are a few scenarios that we can observe here for Eurusd this week . 1. Eurusd Pulls up prior to Interest rates ( Stays above 1.065 Daily support zone) and continues to retrace with Interest...
There are some positions to buy EURUSD easily after breaking the range, but this could be also a trap for buyers!
Technical Analysis and Outlook: This week, the Eurodollar continued drifting lower following last week, completing our Outer Currency Dip of 1.062. The continuation to the next Outer Currency Dip 1.050 is in progress; however, an intermediate rebound Retest to Mean Res 1.075 is possible.
Fractal Scalping FX:EURUSD Curve Analysis| Fractal Analysis | PriceAction | Short & long | Pivot points |
• All technical indicators are pointing to a bearish picture for the Euro • First, the price broke below an ascending channel since January • Second, the series of higher lows is being questioned as we are trading at the previous swing low at 1.0630 and bulls really need to defend that level to gain traction • Third, the price is trading below the 200 MA for more...
Anticipate the next move beginning with a Top-Down Analysis followed by looking through the lens of price action. 0:0 Monthly timeframe 1:10 Weekly timeframe 2:35 Daily timeframe 6:36 4hr timeframe 8:30 1hr timeframe 11:20 upcoming news We have alot of rejections at 1.07 Weekly support level beginning from last tuesday. This weekly support level is also a Monthly...