In the intricate web of global currencies, the Euro stands as a pivotal player, navigating the currents of economic fluctuations and geopolitical shifts. As we delve into the realm of currency analysis, let us unravel the complexities shaping the Euro's journey.
At present, the Euro finds itself at a crossroads, buffeted by a myriad of factors. Economic data...
In the dynamic world of finance, the Euro stands as a pivotal currency, influencing global markets and economic trajectories. As a seasoned financial analyst, I delve into the intricacies of Euro trends to provide valuable insights into its movement and potential implications.
At present, the Euro faces a myriad of challenges and opportunities. Geopolitical...
A solid trading plan is essential for success in the markets. Today, I'll share a powerful trend continuation strategy that leverages established market momentum. We'll focus on identifying trend direction and confirming optimal entries through price swing analysis. In a bullish scenario, we seek out uninterrupted higher highs and higher lows. The Fibonacci...
EUR/USD maintains a higher level but remains below 1.0600 in Wednesday's Asian trading. Risk sentiment prevails, weighing on the US Dollar, especially amid positive data from China. Market focus is on Lagarde's speech and EU/US data. The EUR/USD rate has risen above the 20-day Simple Moving Average (SMA), which still slopes downward. The Momentum indicator is...
Support Levels:
Support 1 @ 1.07062:
Our journey begins with support at 1.07062. This level serves as an immediate safety net for EUR/USD traders. It's where the price often finds buying interest, potentially signaling a reversal of any downward movement. Traders should keep a watchful eye on this level, as a breach below it could signal the presence of further...
This is its 1h chart. It can be clearly seen that it has gone through a downward trend channel in the early stage. It has recently stepped out of this channel and built a small bottom. It is currently testing the first resistance and whether it can convert the resistance to support. is the most important thing right now. To judge it, in addition to analyzing...
EURUSD is currently in a relatively obvious downward channel. Today, the lowest fell to around 1.094. This is also the starting point of the last rise. There was support. It rebounded to around 1.098 and then fell back. From the trend point of view, it has not yet stepped out of the downward channel, but here A pattern similar to a double bottom appears.
If it...
On the EURUSD30m chart, it can be seen that the head and shoulder top pattern was formed before the decline, and the M-top (double-top) appeared during the formation of the head. When the support was broken, it ushered in a wave of substantial pullback, completely swallowing the previous gains.
The current main resistance level is the shoulder position of the...
In the 30-minute chart, there is currently a pullback after an uptrend, while in the 2-hour chart, there are clear bullish signals and the MACD indicator is about to form a golden cross, presenting a great opportunity to go long.
Yesterday, I shared these ideas with my friends , who were the first to see my strategies. In addition, I also have trading...
Hi Traders
Price action's playing out as analyzed last week, so here's a quick one.
Our predominant trend on this time-frame is bearish since we have a series of lower-lows and lower-highs
Price has also hit our daily support zone coloured green
Candlestick patterns at 11/02/19-12:30 showed a possible trend reversal.
Price seems to have completed a...
