Gold/EUR
Following yesterday's PMI reports, the EUR/USD pair is riding a bullish wave. It's currently trading at 1.0690, up from our starting point at 1.06150. Traders are optimistic about a continued bullish trend, backed by shifting market dynamics and data-driven sentiment. The recent surge in the EUR/USD can be traced back to disappointing PMI results from the US,...
EUR/AUD is rising towards a resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.65020 Why we like it: There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement Stop loss: 1.65572 Why we like it: There is a pullback resistance...
Price is falling towards a support level which is a pullback support that aligns with the 23.6% Fibonacci retracement and could bounce from this level to our take profit. Entry: 165.195 Why we like it: There is a pullback support level which aligns with the 23.6% Fibonacci retracement. Stop loss: 164.439 Why we like it: There is a pullback support level which...
This is my Intraday analysis on EURUSD for 24 Apr 2024 W17 based on Smart Money Concept (SMC) which includes the following: Market Sentiment 4H Chart Analysis 15m Chart Analysis Market Sentiment EURUSD is slightly bullish: The Euro is currently showing some strength, having gained yesterday strong Euro data and on weaker US data. Market is...
Hello folks, I am generally bearish on EURUSD at the moment, and I am still waiting for lower prices, but we could see more bullish momentum first. The logic behind this is of course to lure more bullish traders into the market, but I also do not see any significantly high impact news yet. However, if you see my other analysis, I am looking for a monthly close...
Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.08000 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.08000 support and resistance area. Trade safe, Joe.
EURAUD has turned marginally bearish on its 1D technical outlook (RSI = 44.934, MACD = 0.000, ADX = 23.651) and dropped under the 1D MA50 and 1D MA200. This happened at the top of the Channel Down. We turn bearish, aiming at a symmetric LH wave of -4.31% (TP = 1.60250). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments...
Got stopped out here eventually, still have short bias though. Keeping it real here in my "blog" lol
#EURUSD Hello everyone, after yesterday's aggressive bullish movement in the news, during the Asian session, we reached the high of the previous day, followed by a reaction. The context has shifted to a short-term one, and I've marked the nearest target on the chart.
The EURUSD pair broke above the 4H MA50 (blue trend-line) today for the first time in almost 2 weeks (since April 10). Our long-term bearish Target (1.05500) is intact, as called on April 02 (see chart below): The 4H MA50 test should be a rejection though as it has been done while the pair is forming a Bear Flag. That is similar to the February 12 test which...
This is my Intraday analysis on EURUSD for 23 Apr 2024 W17 based on Smart Money Concept (SMC) which includes the following: Market Sentiment 4H Chart Analysis 15m Chart Analysis Market Sentiment Today's EUR/USD Forex market is going to be influenced by big economic news. This includes updates on the Purchasing Managers Index (PMI) for both the...
In our last analysis, EUR/USD FX:EURUSD Continued the bearish move and right now the price is ranging. We believe the price will move upward as a correction. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on...
I'm going to start from the yearly timeframe and work my way down to the monthly, weekly, and lastly the daily timeframe. Here on the yearly timeframe we have price coming into a yearly SIBI a couple of times before displacing down into a yearly Sibi. After which, we have a close above equilibrium, and the subsequent year came up into a yearly Breaker (Body)...
This is my Intraday analysis on EURUSD for 22 Apr 2024 W17 based on Smart Money Concept (SMC) which includes the following: Market Sentiment 4H Chart Analysis 15m Chart Analysis Market Sentiment The sentiment for the EUR/USD pair today is largely influenced by macroeconomic factors. On one hand, the Eurozone economy has been sluggish, which is...
Price is falling towards a support level which is a pullback support that aligns with the 78.6% Fibonacci projection. A bounce from this level could lead the price to rise to our take profit. Entry: 1.46155 Why we like it: There is a pullback support level which aligns with the 78.6% Fibonacci projection Stop loss: 1.45877 Why we like it: There is an overlap...
Still holding my shorts patiently. Dollar strength is getting abnormal mass bullish sentiment, which sets the market back into risk off regime and thus dollar long plays have become the thing to capitalize off of.
EU here now confirming our low we spoke about last week! because of this we will be sticking to our markup from last Sunday, due to this we don't have a huge amount of context to add to this markup. for more info feel free to check the chart from last week! We have 2 zones of supply we are looking at but i am not expecting price to get up into our highest...
Attention Traders, In anticipation of tomorrow's trading session, our focus is on EURGBP, where we're closely monitoring a potential buying opportunity around the 0.86000 zone. EURGBP has recently broken out from a significant resistance level at 0.86000, signaling a bullish shift in momentum. Currently, the pair is undergoing a correction phase, retracing...