The EURUSD pair seems to be inside a Head and Shoulders (H&S) pattern similar to that of mid-February. The big difference is that in February the Right shoulder rejection took place on the 4H MA50 (blue trend-line), while now the candle broke above it. It has already closed on 4H candle above the MA50 and the 2nd one is of high essence. One more closing above the...
The EURUSD has been trading within a Channel Down since February 03 and today failed to close above the 4H MA50 (blue trend-line) yet again. This is added to a series of failed attempts and it maintains the bearish monthly trend. A closing above the 4H MA50 should be enough to restore the bullish trend-line and in that case we will target the Fibonacci...
The EURUSD pair has been on a strong monthly pull-back for the whole month of February. Technically the pull-back has been caused by an exact rejection on the 1W MA100 (green trend-line). The correction has already broken below the 0.236 Fibonacci retracement level. Since 2009 and the U.S. Housing Crisis, similar corrections at or below the 1W MA100 have found...
The EURUSD pair gave us the decline we wanted as described on our last analysis 10 days ago: The price is now approaching Support Zone (1.04800 - 1.04500), which is also around the 0.382 Fibonacci retracement level. The Support Cluster is getting extremely strong considering that the 1W MA50 (red trend-line) is right below, which supported the price with an...
The EURUSD pair formed a Death Cross on the 4H chart, the first such formation since August 22 2022. Coupled with a higher than expected CPI today and the fact that the price closed below the 1D MA50 (blue trend-line) for the first time since November 03 2022, makes this potentially bearish for the next 10-15 days. The confirmation to sell however will be below...
Friday, EurUsd closed under 1.07 important support However, yesterday the pair lacked continuation and got back pretty quickly above this level. The market seems to be positioning for "positive" CPI data and in such an instance a rally could follow for EurUsd. I'm bullish as long as 1.0650 is intact and 1.09 could be the target in the short term.
The EURUSD pair has hit the 1D MA50 (yellow trend-line) for the second time this week and so far that is keeping it within the Channel Up of November. The 4H RSI however shows that it may be repeating the Double Bottom pattern of the first week of January and in that case could hit the Buy Zone again. When that happened then, the price made a Lower Low on January...
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