Hello traders, I decided to do a short video of EURAUD, with my BIAS, I'm seeing a long from here.
I was expecting a retracement to the support zone and on the trendline and the NFP on Friday boosted the sell.
I'm seeing price start moving to the upside from the coming week.
Y'all can add this pair to watchlist.
Opting Out of Trading is a Decision: While we anticipate a breakthrough in this consolidation zone where the current price resides, which is currently at the lower end compared to December, in a sideways or accumulation phase, as some may term it, recent observations indicate reduced market activity within this range. Hence, I've decided to refrain from trading...
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...
Good morning, this is Joe Malone from Districtfx. Currently, we're observing bearish price action for the EUR/USD pair. The charts indicate a bearish sentiment around the 1.08900 level. We anticipate a retracement to that level, presenting a selling opportunity to the downside. Upon retracement, we'll explore a potential selling opportunity, targeting the low of...
Update from the analysis I posted a couple weeks back. Currently looking for short trades but nothing long term. Still bullish when it come to the swing structure.
NB: Weekly time frame is bearish and the bullish price action is a weekly pullback. If the weekly internal structure becomes bearish I will communicate
The EURUSD has exhibited an upward trend, likely influenced by a slight decline in the Dollar, possibly linked to the ongoing Jackson Hole Symposium, which holds significance for various markets awaiting insights from FED Chair Jerome Powell. When considering both fundamental and technical perspectives, our stance remains bullish on the dollar, unless there is a...
Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of EurUsd 💪
With EurUsd retesting previous monthly structure and the 0.618 fibonacci retracement level I do expect a short term bearish rejection on EurUsd and then simply more bullish movement.
Weekly market structure is...
Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of EurUsd 💪
The monthly timeframe on EurUsd is pretty clear with EurUsd currently retesting massive previous support which is now turned resistance at the psychological $1.1 level.
With weekly market structure being bullish...
Hello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that EurUsd just recently perfectly retested and already rejected the quite nice bullish trendline of the weekly parallel rising channel.
You can also see that the next weekly resistance is at the $1.12 level where we previous had strong...
Hello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that EurUsd just recently perfectly retested and is now rejecting a quite strong bullish trendline exactly at the $1.07 level.
You can also see that weekly market structure and moving averages are bullish, EurUsd also just once again...
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...
Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that as we are speaking EurUsd is actually approaching a quite obvious previous weekly structure area exactly at the $1.115 level which is now turned resistance.
However you can also see that weekly market structure and moving averages are...
Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that EurUsd is approaching a quite obvious previous weekly support/resistance area at the $1.10 level which is now acting as strong resistance.
You can also see that weekly market structure is overall still bullish, moving averages are...
