EUR/USD has been on a notable uptrend, showcasing resilience and strength in the face of various market pressures. However, as the pair reaches key resistance levels and faces potential pullback scenarios, traders are closely watching upcoming PMI data releases for cues on the pair's future direction. The recent surge in EUR/USD, which saw the pair touch its...
The EURUSD pair hit today the 1D MA50 (blue trend-line) for the first time in almost 1 month (since January 24) and immediately retraced. Will this level provide a full technical rejection? Well at first glance, this is also the top (Lower Highs trend-line) of the nearly 2-month Channel Down. In addition, last time the 1D MA50 was tested (Jan 24) or nearly tested...
By examining the EURUSD daily chart, we can figure out that the price reached the bullish order block and had a bullish reaction and we can see the FVG which failed, and the daily candle closed above it so it now plays as a support for us. In addition, the price formed a liquidity pool below the bearish order block, so we can expect the price to move higher to...
The EUR/USD currency pair exhibited strong momentum on Tuesday, rallying to its highest level since early February at 1.0840 before experiencing a slight retracement. Despite this pullback, the pair managed to maintain stability above the key psychological level of 1.0800, signaling a bullish tilt in the near-term technical outlook. A closer look at the technical...
The EUR/USD pair is currently trading at 1.07306, maneuvering near the lower Bollinger Band in a 4-hour time frame, which often suggests the market could be nearing an oversold condition and might anticipate a corrective move towards the mean, represented by the middle Bollinger Band at 1.07511. The RSI at 44 signifies a bearish momentum, yet not strong enough to...
Good day, traders. As we examine the EUR/USD chart, the currency pair is currently navigating the 1.08 level with precision, evidencing minimal movement from the opening. This consolidation reflects a period of equilibrium, with the previous day's trading leaving little in the way of change. The Bollinger Bands indicate a period of compression, often preceding...
Hello,Traders! EUR-USD broke the key Horizontal level of 1.0791 Which is now a support Then retested it and is Going up again so I am Locally bullish biased And I think that we will See a further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
#NZDCAD UPDATE Hey team hope you all are enjoying our ideas and analysis. Now we are here to discuss about NZDCAD. NZDCAD has completed the retesting after breakout. Here it has maximum Chances we can see gain upto 500Pips+ in coming. Days. Keep in touch we will update further soon.
EURUSD turned neutral technically on the 1D timeframe (RSI = 49.576, MACD = -0.003, ADX = 24.613) for the first time since February 1st which was the previous LH of the two month Channel Down pattern. It hit today the 1D MA50 in the process and got just pips away from a 4H MA200 test, a trendline that has been intact as a Resistance for almost 1 month (since...
The EUR/USD pair sustains its upward trajectory for the fourth consecutive session, buoyed by subdued US Dollar (USD) sentiment amidst the Presidents’ Day holiday in the United States (US). Despite the USD's brief strength following improved US Producer Price Index (PPI) data on Friday, the EUR/USD pair managed to close the session with gains. Examining the...
The EURUSD has established a robust bearish channel, but recent price action suggests a potential reversal as it shows signs of respecting a significant support/demand zone at the lower end. Should the price embrace a bullish sentiment and manage to breach the current structure, it may pave the way for a complete reversal to the upside, targeting recent swing highs.
#DIAUADT UPDATE Hey dear members hope you all are enjoying our ideas and analysis. Now we are here to discuss about DIA. DIA is getting a good volume and going to break the main support level. We can see gain here upto 90%+ soon✍
EURUSD has been providing successive low risk signals inside the 2024 Channel Down, as every crossing over the 4H MA50 is a technical sell opportunity. The 1D technical outlook remains bearish (RSI = 36.769, MACD = -0.004, ADX = 25.401) which continues to justify selling inside the Channel Down pattern. We are waiting for yet another 4H MA50 breach in order to...
✅EUR_USD is trading in a Downtrend and the pair Broke the key horizontal Level of 1.0749 which is now A resistance and the breakout is Confirmed so after the pair Retests the resistance I think We will see a further move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
FX:EURUSD is forming a counter-trend correction towards the liquidity zone and resistance. The currency pair is forming a bearish trend and may continue falling from the resistance. Pic: Key resistance and support zones on the current downtrend The currency pair reaches the support at 1.07254 and forms a correction towards the liquidity zone, presumably it is...
Hello, We identified a sell signal with high probability on Euro/Dollar in the Daily chart for a target of $1.05350 with $2073 as a stop loss within a few Days. Ibrouri
Hello,Traders! EUR-USD is trading in a Downtrend and the pair Has formed a bearish Flag pattern so IF we See a bearish breakout Then we will be expecting a Further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
EURUSD may soon overcome the boundary in the form of support. Against the background of the downtrend, the price is forming a retest of support after a false breakout of resistance. This may be a strong signal for further price decline to 1.06655 Reasons for further decline: 1) False breakdown of resistance on the background of the downtrend 2) Strong dollar...