Gold/EUR
As EUR/JPY recently breached its all-time high, there was a noticeable surge in trading volume, indicating a potential shift in market direction. Typically, after such a significant milestone, it's common to observe a corrective phase where prices adjust from the extreme levels reached. This correction could manifest as a retracement or consolidation, representing...
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85500 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.85500 support and resistance area. Trade safe, Joe.
The EURUSD pair got rejected today exactly on the 1day MA100, touching it for the first time since March 21st. That took place very close to the Falling Resistance of the Bearish Megaphone pattern, which adds more selling pressure on it. The ssell signal will be confirmed once the 4hour RSI crosses under its MA trend line. Sell and target 1.07230 (top of...
This is my Intraday analysis on EURUSD for 4 Apr 2024 W14 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bearish / Continuation INT Bearish / Pullback Phase 2. Price reached the INT Structure EQ / Premium and swept the Liq. on the left from the bearish INT Structure Leg. ...
Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price a not long time ago entered to upward channel, where it reached the resistance line and then at once rebounded down to the 1.0800 support level, which coincided with the buyer zone. After this, EUR continued to move up in the upward channel and soon reached a...
Hello everyone, after yesterday's news-driven movement, the euro continued its long context. For intraday trading, I'm ready to consider positions during the New York session with targets set at the London high. However, first and foremost, we need to see some action with fractal liquidity.
EURUSD is rising towards a pullback resistance, aligning with the 61.8% Fibonacci retracement, and could reverse from this level to our take profit Entry: 1.08652 Why we like it: There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement Stop loss: 1.09149 Why we like it: There is an overlap resistance level which aligns with the 88%...
Usually, I do not advise trading against the trend.It is obvious that the market is in a bearish run.However,I see price clearing the INTERNAL RANGE LIQUIDITY upward to a more premium price for sells. Therefore, I will be looking for buy opportunity IF price breaks April 2 high to the newest buy-side liquidity as shown with the arrow. NOTE THAT WE ONLY REACT TO...
EURAUD - 24h expiry The medium term bias remains bearish. Price action looks to be forming a top. The sequence for trading is lower lows and highs. Rallies should be capped by yesterday's high. Bespoke resistance is located at 1.6560. We look to Sell at 1.6560 (stop at 1.6596) Our profit targets will be 1.6470 and 1.6450 Resistance: 1.6560 / 1.6590 /...
Hey Traders, in today's trading session we are monitoring EURCAD for a selling opportunity around 1.46900 zone, EURCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.46900 support and resistance area. Trade safe, Joe.
EURJPY - 24h expiry We are trading at overbought extremes. Our short term bias remains negative. This is negative for sentiment and the downtrend has potential to return. We look to sell rallies. Weekly pivot is at 163.55. We look to Sell at 163.55 (stop at 164.05) Our profit targets will be 162.65 and 162.45 Resistance: 164.30 / 167.35 / 168.95 Support:...
The EUR/USD pair experienced notable volatility on Tuesday, following our previous forecast indicating a potential bearish continuation. Despite initially touching previous support-turned-resistance levels, the pair managed to close in positive territory. Currently, it remains within our Fibonacci levels of interest, signaling a possible continuation of the...
Price is rising towards the an overlap resistance which aligns with the 50% fibo retracement A reversal from this level could lead the price to drop further to the downside
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85500 zone, EURGBP was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.85500 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring EURJPY for a selling opportunity around 163.500 zone, EURJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 163.500 support and resistance area. Trade safe, Joe.
Price is rising towards an overlap resistance and could reverse from this level to our take profit Entry: 1.08007 Why we like it: There is an overlap resistance which aligns with the 50% Fibonacci retracement Stop loss: 1.08638 Why we like it: There is a pullback resistance level Take profit: 1.06989 Why we like it: There is a pullback support Please be...
EURGBP is neutral on its 1D technical outlook (RSI = 53.577, MACD = 0.001, ADX = 12.005) as it is ranges between the 1D MA50 (Support) and 1D MA200 (Resistance). Having made a Double Bottom on S1 on March 8th, with that level holding since August 23rd 2023, the current rebound is expected to extend to the LH trendline, essentially the top of the Descending...
Nothing has been changed since our last analysis. EUR/USD is still bearish. But we may see some minor corrections because every indicator are in oversold and DXY is correcting too. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and...