The US Dollar maintains a modest bid in early European trading, with the USD/JPY pair trading narrowly below the 147.45 resistance level. The downtrend has persisted above 147.00 so far. The USD staged a mild recovery from Monday's lows but faced resistance at 147.45, leading to a measured downward trend on Tuesday. Investor caution ahead of key US employment data...
The EUR/USD pair experienced a modest uptick in early Asian trading on Thursday. However, the upward trend of this currency pair may face limitations due to the recent demand for the US Dollar and weaker-than-expected data from the Eurozone. The major currency pair is trading around the 1.0770 level, marking a 0.08% increase for the day. The EUR/USD exchange rate...
European stock markets rallied today amid indications that major central banks might have concluded their tightening cycle. The DAX index in Germany edged up by 0.1%, fueled by growing investor optimism about the European Central Bank's pause on interest rate hikes despite bleak economic data. The Eurozone faces a potential recession in the last quarter of the...
EURCHF is currently lurking around a major support zone. Price could be pulling back up anytime soon to about 0.9520
The channel is broken and the pullback is also done. Now, if the Orange area is broken, enter to sell. The targets are 1.7176 and then 1.6970. For less risk, wait for "Last Low" to hit and then enter!
EURCHF has revisited the horizontal support area on the weekly timeframe chart. 🔍 Analysis: Anticipating a re-test of key support levels (see chart). Trade decisions based on technical analysis and candlestick patterns. 📊 Long-term Trades: Ensure sufficient margin for market fluctuations. Employ proper risk management based on your account size. 📜 Trading...
If EURUSD gets rejected in this zone I will be looking for short positions and for a new low to be made!
Hey Traders, in today's trading session we are monitoring EURCHF for a selling opportunity around 0.94600 zone, EURCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.94600 support and resistance area. Trade safe, Joe.
EURCHF - 24h expiry Buying posted close to the previous low of 0.9417. Bullish divergence is expected to support prices. Early pessimism is likely to lead to losses although extended attempts lower are expected to fail. We look for a temporary move higher. We look to buy dips. We look to Buy at 0.9420 (stop at 0.9396) Our profit targets will be 0.9480...
The EUR/USD pair continues to face selling pressure below the psychological level of 1.0800 in the early Asian trading session on Wednesday. Optimistic Eurozone PMI data for November failed to inspire the Euro, given the persistent weakness in demand in the Eurozone region. The EUR/USD exchange rate found support at the 100-day SMA at 1,0775, with this mentioned...
Is EURNZD getting fueled at strong support level? As the price is been on strong sell side but now it seems like price is getting some bullish momentum after reaching at support level and bullish divergence suggesting the buying pressure is about to start. If the bears took control , the 1st target could be 1.7875 followed by 1.8200. What you guys think of it
✅EUR_NZD is approaching a demand level of 1.7500 So according to our strategy We will be looking for the signs of the reversal in the trend To jump onto the bullish bandwagon just on time to get the best Risk reward ratio for us LONG🚀 ✅Like and subscribe to never miss a new idea!✅
#EURUSD UPDATE Hi team, We are here to update our analysis about EURUSD. EURUSD was in a strong uptrend and formed an another accending triangle. Now it breaks down and reached on major support level, where we can see a possible pull back to upside. Be make sure to enter in trade after confirmation in the LTF traders.... Stay tuned...
#EURGBP UPDATE Hi team, We are here to update our analysis about EURGBP. EURGBP is forming a position sell opportunity zone. If the market retest the mentioned zones and give any confirmation in the LTF, then we'll place our sell order. Stay tuned...
This is my Intraday analysis on EURUSD for 6 Dec 2023 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bullish INT Bearish Reached EQ 2. Swing low and last demand for potential buys. 3. Price created a bearish iBOS which confirmed the Swing High and the Pullback...
#EURAUD UPDATE Hi team, We are here to update our analysis about EURAUD. EURAUD is going down traders, its time to execute short position. Reason behind this is that EURAUD retest the most recent level of structure, and then form a bearish candle. we can see a short up to mentioned target points.. Stay tuned...
EURUSD: The euro remains bearish today. Especially after the pair fell below the 1.0800 support level. The expected scenario for today's trading is for the EURUSD to continue to fall, this time as the market expects non-farm ADP to increase. Consider selling your Eurodollars today
The past month and a half proved favorable for EUR/NZD bears as the pair not only broke below the double-top structure but also breached the ascending trend line that had kept prices elevated for over a year. Currently, the pair is preparing for another significant downside break at the 1.75 psychological figure, which also represents a crucial horizontal level....