EURUSD is on an Ascending Triangle pattern, whose previous occurences after lengthy corrections, have been bottom formations.
All of them broke upwards after 1day MACD Bullish Crosses.
We have all those parameters aligned and the price is still relatively low, under the 1day MA50.
Buy now and target 1.0800 (1day MA200 and Falling Resistance).
Previous chart:
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#EURUSD
UPDATE
Hey traders,Welcome to Anna trade charts.
Hope you are enjoying your trading journey and also our trading analysis. Today we are here here to share our updated analysis on EURUSD.
EURUSD was in uptrend in the LTF and then it change the character, where we can see a possible short trade and then we can go for long opportunity....
This setup can...
Hello Traders!
Today, the EUR/USD pair continues to struggle to find any significant upward momentum and remains within a narrow range below the 1.0500 level throughout the trading session. The fundamental backdrop seems to favor a bearish bias as the USD remains strong.
With the narrowing price range on the chart analysis and continued support from the EMA and...
Preferred direction: BUY
Comment: As expected, gold is growing aggressively, but it cannot be said that it is against the backdrop of geopolitical aggravation. There are simply a lot of people on the market who want to sell at high prices. But such trading is very risky, so always wait for your entry point. Now the situation continues, so aggressive purchases...
EURUSD has turned sideways on the 4H timeframe (RSI = 41.862, MACD = 0.000, ADX = 24.424) as the Triangle pattern weighs, more importantly its LH trendline which hasn't broken yet. This is where the 4H MA200 stands and is the final Resistance standing before the pair turns bullish long term. Until then, we will take a short term buy on the HL and target the LH...
Hello dear friends!
Currently, EURUSD has started to retreat from its uptrend breakout and is now heading towards a prolonged downward journey. The price is currently trading steadily at 1.0551, with a slight increase, testing the area of operation of EMA 34 and 89. However, there doesn't seem to be any signs of recovery as there hasn't been any reversal from the...
By examining the gold chart in the daily time frame, we can see that based on our analysis, on Friday with the announcement of the NFP, the price attacked the level of $1810 to collect liquidity, and then it was accompanied by demand pressure (As we mentioned in the previous analysis, the price was in a demand range for several days) and with the war between...
💬 Description: Oil remains one of the most interesting instruments at the moment, which is due to the aggravated geopolitical background. Metals are the same story.
In our previous trading idea for oil, we assumed entering a long position with the goal of reaching level 91 . This happened, but the main idea and the more promising one - sell. At the moment, a...
EUR/USD, we're witnessing a development where recent price action is breaking through lower levels. This could potentially be setting the stage for a bullback, followed by a jackpot sell opportunity.
As of now, the situation is dynamic, and the signs are pointing towards a market poised for significant movement. Traders and investors should keep a keen eye on...
My dear followers,
This is my opinion on the EURUSD next move:
The asset is approaching an important pivot point 1.0532
Bias - Bullish
Safe Stop Loss - 1.0511
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.0570
About Used Indicators:
For more...
This is clear indication of sellers enjoying party right now. Slight pullback and then down again. Certain marked areas to lookout but mostly few good days ahead.
I will update more confirmations on 4-H later on.
The euro EURUSD ticked up nearly 0.2% to $1.0549 after taking a tumble overnight against the dollar, while sterling GBPUSD was last trading over 0.2% higher at $1.2202.
Investors also digested producer and consumer prices data out of China on Friday that showed deflationary pressures were slightly stronger than expected.
"What we've got is a fairly weak growth...
The Euro increased in value today. In the recently released Global Economic Outlook (WEO) report, the International Monetary Fund (IMF) lowered the 2023 economic growth forecast for many economies around the world. Only a few economies, including the US, Japan, India and Russia, buck this trend. Positive signals from some economies are expected to contribute to...
Preferred direction: SELL
Comment: Metals are recovering quite actively ahead of the US inflation release. The price of gold is in the sales area that we noted yesterday. We continue to sell. We need to take into account volatility and there is a possibility of a false movement beyond the level of 1890, and then again going below the level and falling towards...
EUR/USD
EUR/USD briefly rose above 1.0630, making modest gains after hitting monthly lows. The Euro is in a critical area, waiting for more US inflation data. It benefits from the US Dollar's weakness due to declining yields and positive market sentiment. The recent US Producer Price Index increase didn't greatly affect the Dollar, and the latest FOMC minutes...
Preferred direction: BUY
Comment: A slight recovery against the dollar is exactly what we expected at the beginning of the week. Very promising entry points in the market are now being formed. The situation during the publication of inflation data in the US will most likely develop in favor of the dollar. We place our targets at the level of 0.91475.
Thank...
#EURUSD
UPDATE
Hey traders,Welcome to Anna trade charts.
Hope you are enjoying your trading journey and also our trading analysis. Today Anna is monitoring that EURUSD can retest the mentioned bottom order block. If it does, we can see a good bullish move.
One another scenario can be happens, as you all can see that if market goes down directly without...
