EURUSD - May 31, 2024 Today EURUSD stays in a downtrend, yesterday`s restoration turned into short-lived and the pair remains on course to attain 1.0800 once more withinside the early buying and selling hours of the month. weekend session. Accordingly, the outlook remains favorable for dealers while EURUSD remains beneath many vital resistance stages and...
A closer look at the Euro chart reveals a favorable structure. On a broader scale, the trajectory looks bullish - however, a noticeable accumulation of liquidity is occurring lower after the reversal of the global downward movement. In addition, there was an unfilled zone for the month of FVG. At the local level, after the breakdown, an imbalance zone - FVG -...
#AUDCAD UPDATE Hey team hope you all are enjoying our ideas and analysis now we are here to discuss about AUDCAD. AUDCAD almost breakout done. After this breakout we can see drop upto 100Pips+ soon ✍
The EUR/USD pair on the H4 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.0820, positioned close to the breakout level....
The EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.0850, positioned close to the breakout level. This...
EUR/USD 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: 1.08524 Why we like it: There is an overlap resistance level which aligns with the 61.8% Fibonacci retracement. Stop loss: 1.08838 Why we like it: There is a pullback resistance...
EUR/JPY has reacted off the pivot which has been identified as an overlap support and could rise to the 1st resistance. Pivot: 169.40 1st Support: 167.40 1st Resistance: 171.57 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...
Key factors for EUR/GBP trade next week With a European Central Bank (ECB) decision due next week, a trade in the GBP/EUR could be of interest. Presently, the EUR/GBP is trading at the lowest rate since August of 2022. The divergence in monetary policy between the ECB and the Bank of England (BOE) is what could be driving this weakness in the EUR. E ECB...
EURUSD Techncial analyse The price reached the price we mentioned in the previous idea, it was the upper of the channel. Now, after touching the support line the price rebounded and will continue the bullish trend toward 1.08800 and then should break that to get 1.0917 and 1.09575 stability under 1.0796 means will start a bearish trend toward 1.0707, ...
Hi. I am bearish on EURUSD now as it reached the price I was interested to open short. Interest Rate cut for EUR is coming in June, the dollar should start reversing around now. CFTC reported recently more commercial shorts compared to longs (attached). Stop loss on chart. Target 1: 1.081 Final target on retest of flip zone.
The HUF is going up with the line. The approach of the elections weakens it further.
EURCHF is in strong bullish trend. As the market is consistently printing new HHs and HLs. currently the market is retracing a bit after last HH, which is 62% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH. What you guys think of this idea
EUR/GBP has just bounced off the support level which is a pullback support and could potentially rise to our take profit. Entry: 0.8501 Why we like it: There is a pullback support level. Stop loss: 0.8456 Why we like it: There is a support level which lines up with the 61.8% Fibonacci projection. Take profit: 0.8530 Why we like it: There is an overlap...
Please, check our technical outlook for EURNZD. Time Frame: 7h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 1.765. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.774 level. P.S Overbought describes a period of...
The Fiber (EUR/USD) is currently at the pivot which acts as an overlap resistance and could rise to the 1st resistance. Pivot: 1.0793 1st Support: 1.0742 1st Resistance: 1.0842 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...
Preferred direction: BUY Comment: The USDCAD currency pair is also considered today more from the point of view of buy-priority. Here the growth target is the resistance level 1.37438 , which is a local maximum. In the medium term, growth is expected to be even higher. The most likely scenario №1 speaks of maximum growth from current prices, and this...
During Wednesday's London session, EUR/USD extended its losses, approaching 1.08370. The pair faces challenges as the US Dollar (USD) gains ground amidst rising risk aversion sentiment. This shift in market sentiment is possibly triggered by hawkish remarks from Minneapolis Fed President Neel Kashkari, who suggested that further rate hikes remain a possibility....
Hi friend. Market accumulate some bulls also we heve open interest fall. So my opinion 1.0832 in near time. Support me ! ;)