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...
The EURUSD pair broke last week above the 1W MA50 (blue trend-line) and this week above the Lower Highs trend-line from the May 24 2021 market High. Last time the price was above the 1W MA50 was 18 months ago (on the week of June 21 2021!) and that alone constitutes a very strong buy signal for the long-term. The previous two times that we saw the combination of...
EURUSD, i am expecting Short for 200+ Pips because of resistance available and respect of POI & OB
The EURUSD pair has been within a narrow Triangle range since November 30 after breaking above the 4H MA50 (blue trend-line), which held it as Support while establishing 1.0600 as its Resistance. It appears that it is waiting for Tuesday's U.S. CPI and Wednesday's Fed Rate Decision before making a move. That should be the break-out that we should trade and from a...
The EURUSD pair has been trading within a Channel Up pattern since the November 15 High. The price bounced today on the 4H MA50 (blue trend-line) which is encouraging for the upside but the bottom of the Channel is around 1.03650. A bounce there aims at the 1.06135 Resistance (1) and further break can make a Higher High near the 1.07925 Resistance (2). A break...
The prospect of the Federal Reserve moderating the pace of its policy tightening appear to weigh in on the U.S. currency as price action broke out of the $1.0000 mark a couple of weeks ago. However, sellers appear to be stalling all buying attempts as the $1.04500 level became a strong resistance area for sellers in the last two weeks hereby limiting all bullish...
The EURUSD pair is having a strong rebound on the 4H MA50 (blue trend-line). The very same rebound we last saw on November 10 and October 21 during this 2-month uptrend. Common characteristic was that the 4H RSI was where the green arrows show. This is an almost perfect symmetry on this rising pattern. Those two previous rallies rose by at least +4.00%. The...
It was was a choppy situation for the EURUSD as price action was caught within a channel between the 1.04450 and 1.03150 level through out the course of last week's trading session. The bullish momentum that started two weeks ago was strongly resisted by sellers around the 1.03750 - a level that shares a confluence with the bearish trendline on the daily time...
The EURUSD pair broke today below the 4H MA50 (blue trend-line) for the first time since November 06. This has come after failure to close above the 1D MA200 (red trend-line) on successive attempts and most likely we will see a pull-back extension towards the 4H MA200 (orange trend-line). This bearish leg from its beginning looks like those of October 26 -...
#EURUSD - As of last day, the MARKET SENTIMENT for EUR was slightly UP SIDE. The main reason for that is that the dollar is starting to weaken quite a bit. As of today, due to MARKET RISK being ON, all MARKETS including STOCKS and COMMODITIES are going up a bit. But with RETAIL SALES this situation has changed. Therefore, if the FED is HAWKISH, the USD can...
Agresif Sell Limit EURUSD 1.03650 SL 1.03950 TP 1.02150 RR 1:5 Risk 1%
This is a follow-up detail to my previous analysis where we close the week on a profitable note (see the link below for reference purposes). The US CPI weighs on the US Dollar as the EURUSD surged with about a 4% gain to close the week on a bullish tone; However, in addition to the high-priority event coming up in the new week (stated in the video), it is worth...