Upon analyzing recent price movements over the last few days, a noticeable bearish sentiment is evident. The market is consistently forming lower lows and lower highs. In line with this trend, my outlook is inclined towards identifying selling opportunities. I plan to initiate sales after the price fails the fair value gap and reaches an area of supply, which we...
The EURUSD has exhibited a bearish trend over an extended period. As we approach high-impact calendar events today that hold the potential to sway the euro's performance, an uptick in market volatility is anticipated. I am actively identifying potential entry levels, and my attention is fixed on a critical resistance threshold. If today's events result in negative...
Hello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that EurUsd is currently retesting and already rejecting a quite obvious previous weekly support/resistance zone exactly at the $1.11 level. You can also see that weekly market structure and moving averages are still quite bullish; we have...
Ahead of this week's Federal Reserve interest rate decision. We look at why the markets are turning hawkish on their expectations for the U.S Central bank to raise rates to deal with the high inflation. We look at why this will cause EUR/USD to continue its downtrend when we look at U.S Bond Rates relative to European Bond Rates and how the differential drives...
Hi Traders, See above my video explaining my thoughts around EUR/USD and wyckoff for a potential short. Please leave a comment and let me know your thoughts. TH from RT-Trading.
Fundamentals Today's Russian inflation data could increase market bets of an interest rate hike by the Russian central bank in August. Against low-interest-rate yielding currencies like the U.S Dollar and Euro, we could see a stronger Ruble as long as the risk of U.S sanctions on Russia does not persist. Key Points: Russia’s inflation currently stands at...