EURUSD is currently forming a Butterfly Harmonic Pattern (XABCD) on the 4-hour timeframe. This pattern is characterized by specific Fibonacci ratios between the price swings. The pattern consists of four legs: XA, AB, BC, and CD. The completion point, known as Point D, is expected to coincide with a key Resistance level. Trendline Analysis: Additionally, there...
Asian Session: - Bullish session. - Small consolidation range. - RELs at Asia’s low. - Price consolidated between Asia’s high and EQ of the Asian range. London Session: - I would like to see Price perform a London Judas swing. - The price is just below EQ of the DR. - London opened at MOP with Asia’s consolidation. - Price is currently at a discount of the PDR...
SEE THE CHART FOR STRUCTURE INFORMATION. we are seeing bullish move in eurusd. HH-Hl formation
In the 4-hour timeframe, as you can see, after correcting from the 1.11 range, the price is in a range of 1.095. Based on the behavior of the candles, the possibility of correcting the price to the range of 1.084 / 1.080 can be considered. A scenario that we can consider in the 4-hour timeframe is that the price will be accompanied by a correction to the price...
My exceptions is when the price reach the area 1.0831 the price will change the direction cheers
I am waiting for the sell pressure to take hold after the weekly shift in market structure to the downside to line up with the major trend. Liquidity has been created on both sides but I'm confident that supply has got the upper hand. I will be looking for buys up to the H4 supply zones before moving into sell mode, being careful of the fact there is more than one...
Dear Esteemed Investors, I'm sharing the results of my news trading method with you. By now, all of you know I'm using AI natural language processing to weight world news and cross-check against popular sentiment indicators like DSI and DSIE. Standard DSI/DSIE signals an optimistic outlook for the EURUSD market. It means that the possibly influential investors...
EUR/USD faced challenging retracements on Thursday as thin holiday trading stirred volatility around the final trading day of 2023. The Euro (EUR) swiftly climbed to a 21-week high of 1.1140 early on Thursday as broader markets continued to shed the US Dollar (USD) on expectations of a rate cut from the Federal Reserve. However, market over-expectations regarding...
EURUSD C&H formation is formed in next sessions Minimum target 1.1200
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....
EUR/USD is testing the 1.0600 threshold after discovering fresh demand in early Wednesday's Asian trading session. The pair's recovery is bolstered by the temporary pause in the US dollar's overnight rebound. Traders are closely eyeing Germany's IFO survey, a pivotal focus for Euro investors. The EUR/USD rate sharply dipped from its recent monthly high near 1.0700...
In the early hours of Tuesday's Asian trading session, the EUR/USD pair rose above the 1.0600 mark. This significant increase, reaching its highest level in a month, was supported by a weakened US Dollar. EUR/USD is currently trading at 1.0670, a minor decrease of 0.01% for the day. The EUR/USD exchange rate gained momentum on Monday, surpassing the 1.0640 level....
The EUR/USD pair began the new week with a slight positive signal, partially reversing Friday's dip to its lowest point in a week, just below the psychological level of 1.0500. Spot prices seemed to halt the extended two-day downtrend, although the absence of substantial data indicates a need for caution. EUR/USD dropped below 1.0570 (Simple Moving Average 100...
The recent attack by Hamas has garnered public praise from Iran and Hezbollah, Iran's Lebanese ally, escalating tensions in the Middle East. Jacobsen stated, "Iran's oil production is on the rise, but any progress they make behind the scenes with the U.S. will be significantly undermined as Iran celebrates Hamas' horrific actions." He added, "The most important...
In the broader landscape of the currency market, the yen continues its upward trajectory despite some modest fluctuations. The euro dipped 0.3% to 157.44 yen (EURJPY), while the dollar also experienced a minor decrease of 0.1% to 149.14 yen (USDJPY). Against the US dollar, the euro fell by 0.2% to 1.0566 USD (EURUSD). Caution prevails, providing a soothing effect...
Euro bulls, opportunity for a euro long has arisen! Recently euro is being battered by its counterpart dollar for several reasons: - Regional interest rate differentials, hawkish fed and dovish ecb - Macroeconomical disparity between the to regions - Worsening growth outlook for euro bulls - Technical downtrend for many, many weeks This counter-trend trade is a...
The updated data showed that in August, annual inflation increased by 5.2%, down from the previous measurement of 5.3%. Core CPI, excluding food and energy, increased by 0.3% monthly and 5.3% annually. This downward trend was taken positively by market participants, particularly following the European Central Bank's (ECB) decision to raise the key interest rate...