On the 1HR timeframe we can see EURUSD is setting up a bear flag (continuation pattern ) meaning i anticipate USD strength and to see EURUSD FALL FURTHER. Entry and confirmation would be a break and sell off from the lower bear flag trend line
The EURUSD pair has suffered a more than -2% decline in the past two days following the NFP report on Friday. The price broke below the 4H MA50 (blue trend-line) and is marginally above the 4H MA200 (orange trend-line). This level hasn't been reached in a month (January 06). The majojor Support of this long-term uptrend however is the 1D MA50 (yellow trend-line),...
EURUSD Analysis with complete chart patterns. There is a Head and Shoulder Formation. Also, A Three Drive pattern. and Market structure may give us a Sell opportunity with 20 pip SL and 100 PIP TP. Do support me if you like my working I can share many more analyses. Regards, M Raheel Khan Forex Pharmacy
There are no major changes on our medium-term outlook on the EURUSD pair, as it has been trading within the (blue) Channel Up since our previous analysis, offering good intra-day profit opportunities: As you see, the price hit again the 4H MA50 (blue trend-line) and rose back to the top of the Channel Up in a similar fashion as January 19. As long as the...
Eurusd - H4 - price has finally broken a recent demand and shows supply has entered the market.. same time dollar index is breaking out an accumulation phase so expect huge downside for this pair from now on
We are expanding our EURUSD outlook with some additional elements, after last week's trade was perfectly executed: As you see, the price first pulled-back, hit the 4H MA50 (blue trend-line) and rose back to the top of the green Channel Up again, fulfilling our target. This time, we are adding a short-term Channel Up (blue) that is again aiming for the 4H...
Eurusd - H4 - This pair went on a liquidity and stop hunt since the start of this year breaking monthly key levels. Now price has reversed on H4 and same time dollar index still holding its monthly demand zone so I'm expecting a complete reversal on Eurusd price action to heavy bearish from here on.. long term targets 0.90- 0.8500
EUR/USD ::: The price is still on the upward trend . And the drawn lines show corrective movements along the way .
Time to call a short-term top on the EURUSD pair, as following our last week's idea, the price hit the top (Higher Highs trend-line) of the Channel Up pattern that has been trading is since the November 15 High: This is actually a Double Top on the Higher Highs of the Channel Up, similar to that of mid-December. The target of the rejection was the bottom of...
EUR-USD is trading in a strong uptrend But the pair is clearly overbought And has just hit a rising resistance So I think that we might see A pullback and a bearish correction !!
EUR-USD went up sharply and Has almost reached a Horizontal resistance level From where I think we will See a local move down
The 4H oversold buy signal worked well on last week's analysis and EURUSD is now about to test the 1.07150 (short-term) Resistance and target no1: Now we shift our attention on the more medium-term again as it is best to trade again on pull-backs and break-out levels. A closing above 1.07150 targets the 1.07925 Resistance (2) where another 1D closing would...
The EURUSD pair closed yesterday below its 4H MA50 (red trend-line) and is practically confirming the bearish short-term trend. Only a week after the 1D Golden Cross (MA50 crossing above MA200), the price is now eyeing the 1D MA50 (blue trend-line) for a test that would be the first since November 04 2022. A similar structure following a 1D Golden Cross was last...
EURUSD has formed a strong bullish price action on the lower timeframe after grabbing liquidity from the weekly doji/liquidity zone. From multiple timeframe perspective, All four timeframes, monthly, weekly, daily and 4h is aligning with bullish price action. Upon closing of this candle, a buy trade is high probable.
The EURUSD pair is having a strong bearish session today, dropping as low as the 4H MA200 (orange trend-line) at the moment, for the first time in 2 months (since November 04). This hit the exact bottom (Higher Lows trend-line) of the Channel Up (green) that started after the November 15th High. In combination with the 4H RSI breaking its oversold barrier...
The EURUSD pair has been trading within a Channel Up for 1.5 month (since the November 15 High). That was a pattern we spotted early on and helped at buying low and selling high. In the past two weeks however, the price has been trading sideways within a 1.0670 - 1.05720 range, using the 4H MA50 (blue trend-line) as Pivot. As long as it holds this range, continue...
The ECB hiked interest rates on Thursday, following the lead of the U.S. Federal Reserve, and pointed to more tightening to come as increased fears of a potential global recession linger. In this video, we looked at the chart from a technical standpoint and we noticed that resumed selling pressure below the $1.07000 level since the beginning of this month could...
The EURUSD pair is close to forming a Golden Cross on the 1D time-frame which is the pattern where the 1D MA50 (blue trend-line) crosses above the 1D MA200 (orange trend-line). That is technically bullish but it doesn't mean that the price can't pull-back especially following the very aggressive rally it has been on since late September. In fact, the last two 1D...