Hey Rich Friends, Happy Wednesday! I wanted to share one of my top 3 favorite indicators with you.... The Stochastic (STOCH). As a leading (vs lagging) indicator, it is perfect for beginners because you can find entry and exit signals with only a few key details. Adding the STOCH to your chart: 1. Search the indicators for "STOCHASTIC" and click once to...
Hello dear traders. Come discuss and strategize with me today! Overall, EURUSD is trading on negative fundamentals below the 1.0726 resistance mark. Currently, it is consolidating around 1.0624, with immediate support seen above the 1.0615 mark. It can be seen that on almost every time frame, EURUSD has leveled off after the previous sharp decline, this is...
Hello dear friends, today the EURUSD continues its decline, following the trend of recent days, with the trading price hovering around 1.062 and losing 0.15% so far today as of this writing. The downtrend persists as hawkish comments from Federal Reserve officials provide some support for the US Dollar, acting as a barrier to any recovery in the EURUSD. According...
EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in the risk mood after the previous flight to safety weighed on the US Dollar ahead of the weekend and helped the pair move higher. The driving force for recovery was the selling pressure on the USD when the DXY index dropped to 105.78. However, the bullish outlook for...
Hello dear traders! In general, EURUSD fell as we predicted before, but the price quickly bought back from the lows and changed the local trend of this pair in the short term. However, technically on the demand chart, investors are still waiting for adjustments to capture market liquidity. The H4 setup shows strong resistance from the market as the price broke...
Hello friends! As James mentioned in the previous analysis EURUSD is currently in a recovery phase with the market correcting and capturing liquidity receiving support at 1.0660. However, overcoming the 1.0750 resistance level remains the challenge and target. On the news impact: EUR/USD continues to ease around 1.0640 after retreating from Friday's weekly peak...
As expected, EURUSD began to correct yesterday after a sharp decline, officially confirming a new low and pushing the pair up to 1.0678 in the early trading hours of Thursday! This recovery in the EURUSD pair is bolstered by renewed selling pressure on the US Dollar and a risk-friendly market environment. The focus remains on retreating to the 0.5 - 0.618...
EUR/USD is flat at around 1.0650 to start the new week. The pair's short-term technical outlook suggests a lack of directional momentum. In the absence of high-level data released, risk sentiment could weigh on US Dollar (USD) valuations and drive the pair's action. Early Monday, U.S. stock index futures rose between 0.3% and 0.5%, reflecting improved risk...
Pair Name : EUR/USD 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( Long ) Type : Mid Term Swing ——————————— Bullish Break...
The EUR/USD exchange rate is currently testing the waters near the 1.0650 level after a tranquil Tuesday that saw the major currency pair meandering sideways ahead of a barrage of economic data. Both the United States and the broader Eurozone are bracing for updates on the Purchasing Managers' Index (PMI) data on Tuesday, with significant U.S. figures expected...
EUR/USD has gained momentum and shown positive movements, rising above the 1.0650 level today. This improvement in risk sentiment follows a previous flight to safety, which weighed on the US dollar ahead of the weekend, boosting this currency pair. However, the upward trend of this pair may be short-lived as it remains constrained below the two EMA lines and the...
Hello dear friends! Breaking out of the bullish channel pushed the pair significantly negative. Overall, the EURUSD downtrend continued last week. Strong support at 1.0755 failed to turn the EU around and the downtrend continued to persist. The EU has now paused trade at 1.0652, marking a 0.08% gain on the day. The trend from last week was mostly consolidation...
Currently, the EUR/USD currency pair presents a lucrative buying opportunity within the buy zone at 1.06654. Traders can strategically capitalize on this advantageous situation by setting multiple take-profit levels, aiming for 1.06876, 1.07000, and potentially even 1.08000, maximizing their potential gains. However, it's crucial to mitigate risk by setting a stop...
The EUR/USD currency pair is going through a period of volatility as tensions between Israel and Iran do not escalate. This has reduced geopolitical risks and decreased demand for the US Dollar as a safe-haven asset, leading to a slight increase in the pair. However, despite a slight increase in EUR/USD, the overall trend remains bearish. EUR/USD is maintaining a...
EUR/USD has continued its descent, nearing the 1.0620 level, moving away from the year-to-date low of 1.0600 recorded at the start of Wednesday's Asian trading session. However, hawkish comments from Federal Reserve officials and the flow towards safe-haven assets could bolster the US Dollar and restrict any near-term gains for this currency pair. Nonetheless,...
Buy opportunity in the FX:EURUSD with a target at 1.07000 for a profit of 30 pips. With the data worse than expected from the news of Second-hand home sales, I expect the price rises to the level of 1.07000 Guys, what do you think? Leave a comment with your thoughts.
Not unexpectedly, EURUSD began to adjust yesterday after a strong decline. The price officially confirmed the new bottom and lifted the pair towards 1.0678 in the first trading hours of Thursday! Accordingly, the EURUSD rally is underpinned by renewed selling pressure in the US Dollar and a risk-friendly environment. Markets remain optimistic about avoiding a...
EUR/USD has reversed its earlier gains to trade flat near the 1.0650 level during Monday's European session. The pair has shifted towards a decline, currently at 1.064, as diminishing risk appetite increases demand for the safe-haven US Dollar. The market remains cautious in the absence of leading economic data from the EU/US. A speech by Lagarde is highly...