Instructions: 1) The Relative Strength Index (RSI) shows that the asset is temporarily overbought/oversold, suggesting a possible trend reversal. 2) Bollinger Bands indicator shows that the asset is currently in an upper/lower resistance/support zone. 3) The Forex Stochastic Oscillator (Stoch) helps identify buy and sell moments based on comparing the current...
This is my setup for E J, let's see if this support will hold, I've placed a buy limit order. Trade carefully! Remember: Take some profits if the trade is going as planned and move your SL to entry.
Fundamental Backdrop Last week, notably the German Flash Manufacturing PMI and French Flash Services PMI dropped a lot causing the EUR to weaken. This week there's only the German Prelim CPI m/m which is also expected to decrease from 0.4% to 0.2%. This will cause the EUR to weaken further. Technical Confluences Near-term resistance level at 1.07350 ...
Today's focus: EURGBP Pattern – Range/Descending Triangle Possible targets – .8600 Support – .8670 Resistance – .8705 Today’s update, will we see the EURGBP make a new push lower, confirming its descending triangle pattern? Price broke the main trend setting up its first leg lower. From that point, we have seen a consolidation set-up with a bearish pattern in...
EURUSD reached the important levels which we watching for trend reversal on H1. No entry grounds yet. In order to get confirmation, we're watching for breakout of the previous top and test. Before that, it's possible to test 1,0700 again. No big news this week except NFP on Friday.
currency pairs EURJPY At the moment, we can see a good entry point for this currency pair to open the trade up and buy. The entry point is $151.503, the stop loss point $151.200 can be good and we can see two targets to profit from this currency pair: $159.628 and $168.451 We have to wait for confirmation.
Hey Traders, in tomorrow's trading session we are monitoring EURUSD for a selling opportunity around 1.07500 zone, EURUSD is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 1.07500 support and resistance zone. Trade safe, Joe.
I missed this out on my video just now. Anyway just take note that Eurusd is at a level of interest,looking at daily and h4 charts! **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on...
pullback should be coming in on euraud ,looking to take long on lower timeframe. Similarity on the gbpaud as well :) **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if...
EUR/NZD - Swing Targets Downside Targets are Shown on the Chart. Good luck, and enjoy!
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.87 zone, EURGBP is trading in a downtrend and we have noticed a fake out, price got below the trend again and currently in a correction phase in which it is approaching the major trend at 0.87 support and resistance zone. Trade safe, Joe.
The US dollar (USD) has staged a comeback against the Pound Sterling (GBP) and Euro (EUR) over the past few weeks, but foreign exchange analysts at MUFG still consider that medium-term depreciation is the most likely outcome. The bank considers that the US Dollar exchange rates are overvalued, especially against the Japanese Yen (JPY) and net capital flows are...
The "EUR/CHF" has been in a downtrend since March – 2021, and it is obvious that we can expect a trend reversal if necessary. > The EUR is the base currency of the pair and has suffered greatly from the USD (DXY) appreciation. > The CHF is generally seen as a security, which is why the EUR is losing out to them. --> Once the USD (DXY) shows signs of corrective...
EURUSD has been on a non-stop decline for the majority of the month crossing under both the 1D MA50 and 1D MA100. The price is attempting to naturally reach the lower levels of the long term Channel Up and with the 1D time frame technically almost oversold (RSI = 33.358, MACD = -0.005, ADX = 58.352), the conditions of a new long term buy emerge. We will use a...
EURJPY is approaching the top of the one year Channel Up pattern with the 1D time frame on strong bullish technicals (RSI = 63.669, MACD = 1.080, ADX = 24.666). Once the 1D RSI breaks the 70.000 overbought level again, it will be the most optimal sell entry on a seven month basis (previous one on October 21st 2022). It is already a strong sell opportunity and we...
Quarterly US dollar fundamental forecast In the second reading, Germany's GDP for the second quarter was reduced to -0.3%, which indicates a technical recession. This pushed EURUSD to a two-month low and allowed the price to hit the first of two short targets at 1.0715 and 1.0665. If the situation in the other leading economies of the eurozone does not change,...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. EURUSD is overall bullish trading inside the flat channel in red. Moreover, the zone 1.06 is a support zone . 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower brown trendline. As per my...
EURNZD - Intraday Daily signals are bullish. Short term momentum is bullish. A lower correction is expected. The previous swing high is located at 1.7556. Previous resistance at 1.7520 now becomes support. We look to Buy at 1.7522 (stop at 1.7462) Our profit targets will be 1.7672 and 1.7692 Resistance: 1.7700 / 1.7738 / 1.7770 Support: 1.7650 / 1.7580...