8th August 2023 DXY: break above 102.40 to trade higher toward 102.80 resistance NZDUSD: Sell 0.6050 SL 20 TP 60 AUDUSD: Sell 0.6510 SL 25 TP 45 USDJPY: Buy 143.20 SL 30 TP 60 GBPUSD: Sell 1.27 SL 25 TP 90 EURUSD: Sell 1.0960 SL 20 TP 40 USDCHF: Wait, look for reaction along 0.88 USDCAD: Sell 1.3360 SL 30 TP 60 Gold: break 1930, below 1929, could see 1924
Yesterday we saw a pullback from the support zone on small time frames. It’s important the movement to continue and manages to break the previous peak. This will confirm the beginning of the upside move and will give a chance for another buys. The important news this week is on Thursday , and there may not be any big moves before that.
Will US Inflation Data Spark EUR/USD Recovery? In Monday's early trading session, the euro showed a slight weakening against the U.S. dollar, influenced by a prevailing sense of pessimism following disappointing industrial production figures in Germany. As the largest economy in the eurozone, Germany's struggles in the manufacturing sector have been evident...
The EURUSD pair got rejected at the top of the Channel Down, which keeps the trend bearish. This is the first bearish formation after our July 10 buy signal (see chart below) that formed the temporary High: As long as it stays below the Channel's Lower Highs trend-line, we will be bearish, targeting 1.08450 (above Support 1). The 4H RSI however is on Higher...
Hey Traders, in today's trading session we are monitoring EURUSD for a buying opportunity around 1.09500 zone, EURUSD was trading in a downtrend and successfully managed to break it out. currently is in a consolidation in which it is approaching the retrace area at 1.09500 support and resistance zone. Trade safe, Joe.
🔰 Pair Name : EUR/JPY 🔰 Time Frame : 4H/ DAILY 🔰 Scale Type : MID Scale 🔰 Direction : SHORT/SELL Not too much to talk about in technicals as it's all obvious at the moment, as shown in the analysis drawing. 📈 Fundamental shifts in the Japanese economy are gaining momentum. The recent remarks from Bank of Japan Governor Ueda at the ECB central bank forum suggest...
EUR/USD formed a bullish pinbar last week, and Friday's bullish range expansion formed part of a 3-day bullish reversal (morning star pattern). It appears an important swing low formed on Thursday, and any pullback towards Thursday's high will catch our bullish interest. Prices are flirting with a break below 1.10 ahead of the European open, and perhaps we'll see...
Expecting further upside this week on EURCAD Last week closed strong bullish to setup this week Classic break and retest set up of 1.46 key level and 1.45 daily pivot area (79% retracement) Looking to enter on start of week retracement with stops below 1.45 invalidation area Targets at 1.49-1.50 Follow for more
Hello Traders 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 other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Even writing this I’m thinking it could be a crazy idea with USD strength in play, but let’s see... I think we’ll see some early weakness from the USD before a momentum shift that will see DXY reverse up (maybe by end of the week). I think the EURO is still looking strong, bouncing back from the falling following the ECB rate hike pause. ECB are hawkish around...
The euro continues to fall, the EU economy is increasingly depressed A little more and we can see 1.5 Euros for a dollar It will be great for USA
Hey traders, We have a nice opportunity to sell this pair Let's see those reasons Daily chart Daily candle did not close above resistance Hourly Chart Before touching the resistance zone market made a small consolidate area, And that touch would be the rejection We have multiple targets Trade safely with money management Be happy If you agree...
Hey traders, Daily timeframe We see daily candle didn’t close above the resistance, We expect market will fall from the resistance We have multiple Targets to achive,,,,, Follow money management Be confident Be happy Encourage us to click the Like
Here is my structure analysis for EURUSD. Resistance 1: 1.1020 - 1.1055 area Resistance 2: 1.1140 - 1.1150 area Resistance 3: 1.1240 - 1.1275 area Support 1: 1.0830 - 1.0850 area Support 2: 1.0635 - 1.0690 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
**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 you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank...
We are going short on the EUR/GBP with the target of 0.859 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
EUR/USD is making a bullish rebound on the 6H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 1.089 level.
EUR/JPY just retested a horizontal resistance of 158.000 which makes me locally bearish biased and I think that we will see a pullback and a move down from the level towards the target below at 156.00.