Recently, the situation in the Middle East has been relatively stable. Although Iran and Israel have their own quarrels, no obvious conflict has been seen, which means that the two sides have reached a certain consensus and have entered the stage of quarreling. As long as either party does not cross the threshold, the overall situation can be resolved. Therefore,...
EUR/USD Price Analysis: Advances to over one-week high, closer to mid-1.0800s The EUR/USD pair attracts some buyers for the third successive day on Thursday and climbs to a one-and-half-week top, closer to mid-1.0800s during the Asian session. The US Dollar (USD) extends this week's corrective decline from the highest level since February 14 amid the uncertainty...
The majority of foreign exchange strategists expect the recent decline in the US dollar to continue throughout the year. The main driver for major currencies for the rest of 2023 is likely to be economic indicators. A stronger-than-expected U.S. economy and rising Treasury yields caused the dollar, which had been rising against other currencies, to fall. This...
I think the range of 1.083 is an important resistance and the bull can be rejected from here. If this resistance is broken, the price can go bullish to the next and higher range
Following the remarks of the Chairman of the Federal Reserve, the market has returned to a state of volatility after two trading days of digestion. This volatility is unlikely to be broken before the release of US non-farm payroll data in February, and the market needs such adjustments to repair the impact of the previous sharp drop. Therefore, today's market...
Today's impressive PMI data released by the Chinese government has led to a significant influx of funds into the renminbi in the international market, causing the US dollar index to suddenly fall. This is clearly a short-term impact and will not fundamentally change the overall situation. Therefore, after the abnormal market volatility dissipates, the market...
Euro/US Dollar. Today the overall trend for the US Dollar Index is bullish, corresponding to the Euro-American currency, it is recommended to short at high levels. Based on the market conditions, the following suggestions are given: Short at the 1.0560-1.0570 range, with a stop loss of 20 points, and targets of 1.0540, 1.0520, and 1.0500. Here is the...
EURSEK $EURSEK Initial Short. This is a pure momentum signal just as are every other signal I post. ZERO other factors are considered in producing this signal. Entry reasons: EURSEK is showing momentum and confluence of mean reversion crossing up the 70 day price mean. Exits and SL: TP and SL on chart. Move SL on TP. After TP2, trail with 0.5xATR step and 1.5xATR offset.
Hello everyone, if you like the idea, do not forget to support with a LIKE and FOLLOW for more creation of free analysis. \m/ We can see that on all Higher Timeframes (Monthly, Weekly, Daily) EURSEK is bearish. Monthly the market has created an M pattern where we can expect a retracement back to the neckline or wick of the monthly candle, where its lining up...
Hello Traders, Here is the analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all your rules of the strategies will be satisfied. Good luck!
This pair just broke below structure. Lets see if we can get a retest 😎
The market on the daily chart is inside a descending channel and recently created a bear flag that retrace from the previous move till the 0.618 fib level. Currently the price tested the 4h structure and made few attempt to break it. If the market will manage to break and close below it we can set a nice short order according with our strategy. ––––– Follow the...
Sell EURSEK, below the low of the previous candle. Price with strong momentum down tryed to go up and now is going down again.
EURSEK reversed off its resistance at 10.6844 where it could potentially drop further to 10.3924. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
EURSEK expected to rise up to 1st resistance at 10.6844 where it could potentially react off and drop down to 1st support at 10.3924. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
EURSEK expected to rise up to 1st resistance at 10.76000 where it could potentially react off and drop down to 1st support at 10.49000. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
EURSEK reversed off its resistance at 10.6061 where it could potentially drop further to 10.3924. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.