Gold/EUR
Hey Traders, in today's trading session we are monitoring EURAUD for a selling opportunity around 1.63950 zone, EURAUD was trading in an uptrend and currently seems to be attempting to break it out. Once we will get further dips below 1.63950 support area we will be looking into a potential retrace of the trend towards more lows. Trade safe, Joe.
Yesterday we saw a drop below 1,1100. The next important support is around 1,1000. These are levels we will be looking for buys from, upon pullback. We’re out of trades on EURUSD for now awaiting tomorrow’s news and grounds for entry.
For this week, I'm looking to enter a position in EUR/AUD based on these 2 scenarios .. in both cases; we need excellent and robust confirmation. Until the BOJ stops controlling the curve, the JPY won't get strong, and this will happen soon, but not too soon .. follow the news .. try to understand, and read a little about the dynamics of this market. Ps . Leave...
From what I posted last night .. this is my plan in lower time frames .. buy on breaking the high or sell when the last low breaks. And most importantly, risk management ps. Leave your comments and thoughts.
Interest rates from the FED and ECB are coming up this week. This will determine the next move in EURUSD. After reaching 1.1274, a correction was initiated, which we expect to continue until the news. The next important support is at 1.1004. We will be watching for a pullback from these levels and buying opportunities.
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Since the United States’ 2018 withdrawal from the Join Comprehensive Plan of Action (JCPOA), it has become clear that Iran’s economic woes—especially its currency devaluation—are strongly correlated with key political and geopolitical events. The volatility in the exchange rate and Iran’s currency depreciation are signs of an unhealthy economy. The enormous...
EUR/NZD’s rebound this month has lacked strength, just as the cross approaches a stiff hurdle at the early-May high of 1.7835. Chances are that EUR/NZD could settle in a 1.7150-1.7850 range in the near term. This follows a retreat in April from the top of a rising channel since 2015. Any break above immediate support at Tuesday’s low of 1.7570 would raise the odds...
Here is my latest structure analysis for EURUSD. Resistance 1: 1.124 - 1.128 area Support 1: 1.106 - 1.109 area Support 2: 1.098 - 1.101 area Support 3: 1.083 - 1.085 area Support 4: 1.063 - 1.069 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.86350 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.86350 support and resistance zone. Trade safe, Joe.
EUR/GBP BEARISH CONTINUATION Euro zone fundamentals weaken: Technical recession confirmed, inflation data improving which helps build a case for a more dovish ECB to come Markets anticipate another 100-bps worth of tightening from the BoE this year as inflation is way too high still at 8.7% EU FUNDAMENTALS ARE LIKELY TO EMBOLDEN ECB DOVES Downward revisions to...
Hey Traders, in the coming week we are monitoring EURCHF for a selling opportunity around 0.96700 zone, EURCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.96700 support and resistance zone. Trade safe, Joe.
EURJPY is trading in a long-term bullish trend. After it reached 158 level, the market started a correctional movement. The price retraced to a rising trend line and bounced from that. The market is retesting the current high now. If the price breaks and closes above that on a daily, it will trigger a trend-following movement. A bullish continuation will be...
Hey Traders, in the coming week we are monitoring EURUSD for a buying opportunity around 1.09500 zone, EURUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.09500 support and resistance zone. Trade safe, Joe.
EURUSD has started the medium term correction inside the long term Channel Up after it hit the top and made a HH. The 1D technicals may not be overbought any more but remain bullish (RSI = 60.317, MACD = 0.009, ADX = 35.910) illustrating that there is still way for the price to decline before they find a balance. We expect that to be on the 1D MA50, unless the 1D...
EURAUD has made a Double Bottom on the 1D MA50, keeping the 1D time-frame bullish (RSI = 58.711, MACD = 0.006, ADX = 17.748). This is primarily a bullish signal and as the 1D RSI is forming the same Channel Down which on April 14th kickstarted a strong leg up, we will take a short-term buy position targeting the 1.0 Fibonacci (TP = 1.67850). The extension can...
For today I'm looking at EUE/NZD .. price is moving in a trading range. I'm looking at the price and waiting for a signal to enter sell positions .. breaking RSI dynamic line, or make a candle pattern .. that's what I'm looking for, and following a price to support zone. Remember, money management and risk management. That's the only way to win in this game. Ps....