In the above chart, you can see that prices are gradually forming lower highs, indicating that the selling side is gaining momentum over the buying side. In most cases, prices will break below the support line and continue to decline. However, in some cases, when the support is too strong, prices will bounce back and establish a strong upward trend. The good news...
One of the most popular methods to identify a rebound is by using Fibonacci levels. Typically, rebounds occur within the 38.2%, 50%, and 61.8% Fibonacci retracement levels before continuing in the prevailing trend. If the price extends beyond these retracement levels, it could signal a potential reversal. It's important to note that we use the term "could" instead...
Bollinger Band Trading Strategy: Buying at Lower Band Touch with Reversion to Mean Place stop-loss below the lower band and take profit above the midline of the band. Set an alert for when the price touches the alert line, then adjust the order. RSI below 30 and trending upwards indicates a buying signal.
EUR/USD rises up to touch the highs of the day in the 1.0970s on Friday after the release of US Nonfarm Payrolls shows disinflationary wage data and a suprise rise in the Unemployment Rate in February. The EUR/USD rebounds after edging lower after comments from ECB officials put the possibility of an early interest-rate cut in April back on the table. EUR/USD...
The price is currently piercing through the cloud and aiming to overcome the resistance level. I believe the price will soon retrace.
In the ever-changing financial landscape, the Euro (EUR) remains a pivotal currency, subject to various influences and market dynamics. Recent developments have shed light on the complexities and opportunities within the EUR market. Key factors impacting the EUR's trajectory include economic data releases, central bank policies, and geopolitical events. Despite...
Like the previous example, ADX has been below the 20 zone for some time. At that time, EUR was also moving sideways. After ADX increased past 50, EUR also broke its peak and created a strong uptrend
Amidst the evolving global economic landscape, the Euro (EUR) remains a focal point for investors seeking clarity and direction. Recent developments have underscored both challenges and opportunities within the EUR market. Key factors influencing the EUR's performance include economic data releases, central bank policies, and geopolitical events. The EUR's...
What you've just observed is the basics of bouncing back from the Bollinger Bands. The reason for this bounce is because these bands act as dynamic support and resistance. The larger the time frame you use, the stronger the support and resistance from the bands. Many traders have developed trading systems based on this factor. This trading system works best when...
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...
Greetings traders! Here's an extensive multi-time frame analysis for the selected pair. Feel free to drop any questions in the comments section below. Remember, we'll only consider entering a trade if all strategy rules are met. Let's exercise patience and wait for further price action development before committing to any positions. I recommend keeping a close eye...
Hello everyone, EUR/USD is currently recovering but remains below the 1.0800 level at the start of Wednesday. The pair is receiving support from a significantly weaker US Dollar, even as inflation cools in Germany and the market remains unconcerned about the Eurozone's HICP release, US ADP employment data, and Powell's speech. However, EUR/USD is predicted to...
On eurosd Have a good day ! April 5 Comment: TP 1 AT POINT B City 2 POINT C SL1.072
EUR/USD Pair Shows Modest Increase, Reaching Around 1.0860 in Early Asian Trading Session on Tuesday. The decline of the US Dollar (USD) has provided some support for this currency pair, with growing optimism bolstered by various technical indicators. The upward momentum is being observed and reinforced in the form of new support levels, aligning with the EMA 34...
Soooo I've been playing around with mapping out the Elliot Wave Theory, and it looks like we're gearing up for a bullish reversal with Wave 5 shaping up. Based on how things are moving, we could see the price dip a bit more to 1.07574 sometime next week. There's a good chance we'll see the 'power of 3' in action, along with some side-stepping as the market...
The euro has reached an important support zone. Important Fibonacci levels of the previous bullish leg, and the uptrend line of the daily timeframe. We follow the daily reaction candle
EUR/USD trades in positive territory above 1.0770 during the US session on Tuesday. Although data from the US was slightly better than expected, the US Dollar still struggled to find demand and help the pair move higher.
EUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world. Follow real-time EUR/USD rates and improve your technical analysis with the interactive chart. Discover the factors that can...