EURNZD has broken its down trend and has retested the trendline. A buy entry can be taken with the intent of the EN to make a new HH.
EUR/USD is rising towards a resistance level which is an overlap resistance that lines up with the 23.6% Fibonacci retracement and could potentially reverse from this level to our take profit. Entry: 1.07943 Why we like it: There is an overlap resistance level which aligns with the 23.6% Fibonacci retracement. Stop loss: 1.08406 Why we like it: There is an...
EURUSD is in a descending channel on the weekly timeframe and a break of the next major support area at 1.05 will confirm its next big movement to the lower of the channel and the next support demand zone at area 0.85
Starting things off with euro to the USD this pair has finally shifted bearish into the higher time for a narrative we have mentioned so many times over the last fortnight. This means for us this week we are predominantly focusing on bearish movements, as it stands we have an nfp range this is the overall range responsible for shifting us bearish, Within the 4...
EURUSD is bearish on the 4H, Daily, and Weekly timeframes. EURUSD broke the correction uptrend channel last Friday at area 1.0850. Next target is to the lower channel of the downtrend at area 1.05.
1H - The bearish context is evident due to Friday's news. For Monday and Tuesday, I expect a corrective move targeting the equal lows.
1W - The weekly timeframe looks excellent from a technical and target perspective. We are in a clearly defined bearish context. Last week's close confirmed the bearish order flow. The intermediate target is 1.06, with the primary target being 1.045.
1D - On the daily timeframe, the price has ultimately settled above the fractal maximum of 1.0885, indicating a shift in context to bullish. The invalidation point for this bullish context will be a price settlement below 1.0788. Additionally, there is a compression movement formed below, down to 1.06, which may serve as a rebalancing target in the future.
This is Part 1 of the Weekly Forex Forecast. Part 2 will follow! Look for it! In this video, we will cover: USD Index EUR GBP AUD CAD NZD CHF JPY Enjoy! May profits be upon you.
EURAUD formed a huge inverted head and shoulders pattern on a daily time frame. With the release of the yesterday's fundamentals, the price bounced and violated the neckline of the pattern. Growth may continue next week. Next resistance - 1.6475 ❤️Please, support my work with like, thank you!❤️
Hello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price a not long time ago started to decline inside the downward channel, where it rebounded from the support line and rose to the resistance line, after which continued to decline near this line. In a short time, EUR fell to a support level and even made a fake...
EUR/USD Technical Analysis The EUR/USD is trading under bullish pressure towards 1.0950, provided it remains above 1.0872. A correction down to 1.0861 is possible before resuming the bullish trend. However, stability below 1.0861 could support a decline towards 1.0810 and 1.0792. Pivot Price: 1.0872 Resistance Levels: 1.0950, 1.1000, 1.1070 Support Levels:...
The EUR/USD pair experienced a setback on Tuesday after reaching its highest level since late March, climbing above 1.0900 before closing the day in negative territory. The pair's near-term technical outlook suggests a lack of bullish momentum as attention shifts to upcoming macroeconomic data releases from the United States. Technical Analysis Overview In the...
EURNZD - 24h expiry Our short term bias remains negative. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. 20 4hour EMA is at 1.7597. We look for a temporary move higher. The sequence for trading is lower lows and highs. We look to Sell at 1.7598 (stop at 1.7648) Our profit...
Hey Traders, in today's trading session we are monitoring EURUSD for a buying opportunity around 1.08200 zone, EURUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.08200 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring EURNZD for a selling opportunity around 1.76100 zone, EURNZD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.76100 support and resistance area. Trade safe, Joe.
The ECB are expected to cut their benchmark rate for the first time in 8 years in a few hours. Yet as it has been so well telegraphed and they seem unlikely to provide promise of further cuts just yet, we suspect upside potential for euro pairs once the dust has settled. And with Wall Street at new highs and appetite for risk on the rise, EUR/JPY looks good for...
Price is rising towards the pivot which acts as a pullback resistance and could reverse to the 1st support. Pivot: 1.09140 1st Support: 1.08408 1st Resistance: 1.09487 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all...