Hello traders, I want share with you my opinion about Euro. By observing the chart, we can see that some time ago price rebounded from the support level, which coincided with the buyer zone and declined to 1.0650 points. After this, the EUR turned around and started to trades inside an upward pennant, where it in a short time rebounded from the support line and...
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A few moments ago price traded inside wedge, where it first fell to support line, but then made upward impulse. Then Euro turned around and made downward impulse, exiting from wedge and soon breaking $1.0655 level. After this, price some time traded in support...
EURUSD is bullish on its 1D technical outlook (RSI = 61.508, MACD = 0.003, ADX = 33.468) but is on the 4th day of descend, which is a natural reaction as it almost hit the top of the 5-month Channel Down. In the meantime the 1D RSI almost hit the top of its own 5-month Rectangle. We are still on the ideal level to short. Our Target is intact just over the 1.236...
EUR/GBP is falling towards the pivot and could bounce to the 1st resistance. Pivot: 0.8499 1st Support: 0.8474 1st Resistance: 0.8531 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 investors, so please ensure that...
Preferred direction: SELL Comment: The shorter-term trade on the franc remains in effect. Here, selling outflowing levels is expected (scenario №1), as well as from the level of 0.91424 (scenario №2) . It should be noted that the franc is not the most attractive currency to buy against the US dollar, however, selling priority on the currency pair is more...
A recent bullish violation of a key daily resistance on EURJPY makes me think that it has a nice potential to go up again. The broken structure now turned into support. The price may reach 171.0 level soon. ❤️Please, support my work with like, thank you!❤️
EUR/NZD is falling towards a support level which is an overlap support that lines up with the 161.8% Fibonacci extension and could bounce from this level to our take profit. Entry: 1.76311 Why we like it: There is a pullback support level which lines up with the 161.8% Fibonacci extension. Stop loss: 1.75413 Why we like it: There is a pullback support level...
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The EURCHF pair has been trading within a long-term Channel Down since the September 26 2022 Low. Today it hit the 1.5 Fibonacci extension level which on January 13 2023 formed the last Lower High at the top of the Channel Down. As a result, this is the first long-term sell signal that has emerged since that date. We want to keep a safer, short-term perspective...
My dear subscribers, This is my opinion on the EURNZD next move: The instrument tests an important psychological level 1.7709 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.7821 My Stop Loss - 1.7645 About Used Indicators: On...
EUR/USD: Euro Dips Near $1.08 as Traders Await Fed Minutes Despite the anticipation, analysts foresee no surprises, expecting the familiar "we're data dependent" stance from the US central bank. Fed Chair Jerome Powell has repeatedly emphasized that policymakers are closely monitoring all incoming data and are prepared to reduce interest rates if signs indicate...
Week 3 - Monday Morning Analises on EUR/USD This is not financial advice
EURNZD is currently exhibiting the formation of an Anti-Shark Harmonic Pattern (XABCD) coupled with the presence of a significant Trendline, indicating potential bearish momentum on the horizon. This analysis delves into the technical factors influencing the currency pair's movement and proposes strategic entry and exit points for traders to consider. Pattern...
Hey Traders, above is a technical overview on EURAUD and the most important zones to watch, we are watching EURAUD for a potential selling opportunity from the resistance area of 1.63100, We would also like to consider the current DXY weakness for potential dollar strength, the dollar is indirectly negatively correlated with AUD, when the dollar is weak stocks,...
In the 4-hour and daily time frames, EURUSD shows potential for further decline and correction. On the 15-minute time frame, it presents a prime opportunity for scalpers to capitalize on selling. The chart illustrates a bearish trend with a potential downward movement highlighted, suggesting a strategic entry point for short-term traders.
Preferred direction: BUY Comment: The bullish mood remains for the New Zealand dollar. We will most likely see growth here in the very near future. The focus is on level 0.61670 , which is expected to be broken in the very near future. However, the price is unlikely to go too high given the prevailing technical factors. Therefore, it is preferable to take...
We just entered a new month, and not just an ordinary month -- It's JULY! And what's special about it? -- and its connection to EUR? Based on 50 year chart history, JULY is EUR's favorite month to 'ascend' so to speak. JULY seems to play an important role for the pair's price behavior. A lot of times, what comes after a correction -- is an upside reversal that...
This 2 part video covers ... - USD Index, EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF, USDJPY - S&P500, NASDAQ, GOLD, SILVER, CRUDE OIL Thank you for viewing! Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! May profits be upon you.