✍️ EURUSD: analytical forecast for April 19-23.
🌐 Over the past trading week the preponderance of buyers on CoT reports increased by 5%, indicating a likely continuation of growth during the coming trading week.
A 2% decrease in investors' locked positions also supports the assumption of a likely unidirectional move in the asset's quotes on the daily timeframe.
The nearest long-term support level on the daily timeframe is the option balance of the week (1.1940).
🔥 The main scenario for the coming trading week is a successful test of this support and the subsequent rise with the nearest target, the premium level of the hedge zone (1.2021).
In case of breakdown and fixation below the balance of the week (1.1940) the next support is the price level of 1.1890, where the hedging zone and the limit order to buy in the volume of $120 million are located.
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A 2% decrease in investors' locked positions also supports the assumption of a likely unidirectional move in the asset's quotes on the daily timeframe.
The nearest long-term support level on the daily timeframe is the option balance of the week (1.1940).
🔥 The main scenario for the coming trading week is a successful test of this support and the subsequent rise with the nearest target, the premium level of the hedge zone (1.2021).
In case of breakdown and fixation below the balance of the week (1.1940) the next support is the price level of 1.1890, where the hedging zone and the limit order to buy in the volume of $120 million are located.
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Trade active:
⚠️ EURUSD: unwinding the balance of the week.
💡 During the European trading session we expect the termination of the option balance of the week (1.1940).
The main scenario is the successful test of the mentioned support and the further rise with the nearest target, the balance of the day (1.1979).
✍️ In case of breakdown and fixation below the weekly balance (1.1940), we expect decline with the medium-term target - increase of positions on rise in the volume of $120 million at the price level of 1.1890.
The main scenario is the successful test of the mentioned support and the further rise with the nearest target, the balance of the day (1.1979).
✍️ In case of breakdown and fixation below the weekly balance (1.1940), we expect decline with the medium-term target - increase of positions on rise in the volume of $120 million at the price level of 1.1890.
Trade active:
✅ EURUSD: additional targets for 19-23.04.2021.
🔥 For the first working day of the new trading week the weekly upside targets were achieved,- market maker loss level.
In this regard, additional upside targets for the current trading week are worth noting.
The important medium-term resistance at the moment is the price range of 1.2088-1.2096, where the limit sell order of $91 million is located.
💡 If the mentioned option resistance range is reached, we expect the suspension of rise within the week and probable corrective decline during Thursday-Friday with the nearest target,- market maker loss level (1.2047).
In this regard, additional upside targets for the current trading week are worth noting.
The important medium-term resistance at the moment is the price range of 1.2088-1.2096, where the limit sell order of $91 million is located.
💡 If the mentioned option resistance range is reached, we expect the suspension of rise within the week and probable corrective decline during Thursday-Friday with the nearest target,- market maker loss level (1.2047).
Trade active:
⭐️ EURUSD: reversing market maker's loss (1.2046).
⚙️ Today during the first half of the day, we expect a retracement to the market maker's loss zone (above 1.2046).
The key resistance level for Wednesday, April 21 is the limit seller (1.2064).
🎯 In case the mentioned resistance is reached, we expect the formation of a sell pattern and the subsequent decline with the target,- limit buyer (1.2001).
The key resistance level for Wednesday, April 21 is the limit seller (1.2064).
🎯 In case the mentioned resistance is reached, we expect the formation of a sell pattern and the subsequent decline with the target,- limit buyer (1.2001).
Trade active:
♻️ EURUSD: market maker keeps euro out of loss zone!
🔹 During the Asian trading session successfully tested the loss level of the market maker (1.2046).
In case of the retest of this resistance during the European trading session, we expect the suspension of growth and further decline in quotes of the asset with the nearest target, the balance of the day (1.2030).
💠 In case of break-down and fixation below the price level of 1.2030, the ultimate downside target is the limit buyer (1.2009).
In case of the retest of this resistance during the European trading session, we expect the suspension of growth and further decline in quotes of the asset with the nearest target, the balance of the day (1.2030).
💠 In case of break-down and fixation below the price level of 1.2030, the ultimate downside target is the limit buyer (1.2009).
Trade active:
✍️ EURUSD: market maker stops the rise.
🌐 Market maker loss level (1.2049) has once again worked out over the past day, reaching the downside targets indicated in yesterday's trading idea.
🏁 Today during the day we expect another rise to the market maker loss level (1.2049).
The downside targets in this case are option balance of the day (1.2007) and limit buyer (1.1990).
🏁 Today during the day we expect another rise to the market maker loss level (1.2049).
The downside targets in this case are option balance of the day (1.2007) and limit buyer (1.1990).
