Bears are controlling CAD, in fact, there is no reason to be bullish on CAD neither Fundamental nor technical!
EUR/CAD is on a strong bullish bias. CPI data was positive and made EUR stronger.
We are expecting the price to reach 1.51 where the most liquidity has been placed eventually.
Our technical view has been shown in the chart.
If you like it then Support...
EURCHF's chart currently shows the formation of an AB=CD pattern, which signifies a Potential Reversal Zone (PRZ). Additionally, there is a Hidden Bullish Divergence , indicating a shift in the trend towards an uptrend.
In technical analysis, an AB=CD pattern is a harmonic price pattern that suggests a potential reversal. The completion of this pattern at the...
Hi guys, this time i bring you an Euro analysis which isn't directional because i want you to comment your thoughts about where this is going to go, in my own opinion this is bearish at the moment but it could turn into a bullish situation if DXY flips it's H4 OB or bounces down from the Daily OB.
This chart shows the 1hr analysis I have landed at. Last weeks analysis played out rather accurate and ended at the final spot I predicted as we ended bullish for the Euro. I see the geopolitical news being a factor that the dollar is getting beat up the way it is, as well as Gold on its move last week, there wasn't much give for the Dollar.
I have several...
Euro bulls, opportunity for a euro long has arisen!
Recently euro is being battered by its counterpart dollar for several reasons:
- Regional interest rate differentials, hawkish fed and dovish ecb
- Macroeconomical disparity between the to regions
- Worsening growth outlook for euro bulls
- Technical downtrend for many, many weeks
This counter-trend trade is a...
The euro's decline slowed down against dollar. It may also want to take in upward sell orders.
While I think the price's ultimate target is below 1.080, we could see a spike to 1.096 before that.
hello my friends.we are already in a uptrend.we are in a demand area in daily.so after choch in 4 we see the direction of trend changed,and in smaller time frame we are looking for reason for our long entry.
R:R 1.73
dont forget to trail your SL.
“”your follows and boosts encourage me to publish more analysis””
Short(Mid Term : BULLISH
EUR/USD looks to regain some fresh buying interest following CPI-led weakness in the US dollar on Wednesday.
The movement of the euro's value is expected to closely mirror the behaviour of the US Dollar and will likely be impacted by any differences in approach between the Fed and the ECB with regard to their plans for adjusting...
Analysis:
Strong upwards trend (bullish bias)
Retest of a key level (bullish bias)
50% fib retracement touch (bullish bias)
Upwards trendline touch (bullish bias)
EUR strongest major currency (bullish bias)
NZD 5th strongest major currency (bullish bias)
40K long position increase for the EUR (bullish bias)
2K short positions increase for the NZD...
Analysis:
Bullish Confluence Factors
Upwards trend
Break and retest of a previous area of resistance for support
38.2% fib retracement level
In an upwards channel
Longer term upwards trendline present
EUR is the strongest major currency whereas the AUD is the 7th strongest major currency
2K short position increase for the AUD
Neutral Confluence...
Analysis:
This is another setup that to us looks highly probable. Firstly price has been in this long term upwards trend, although recently we did see this trend break, however that was a fake out, and price has now continued the upwards trend so know this we're only looking to go long on this pair. The level where price is currently sat at is also a key level...
-Strong bull trend bars
-False breakout on support level
-Strong comeback to range
-First target resistance range
-Second target next reference point
-Stop loss below support zone
1st r/r 2.38 inlduding spread
2nd r/r 5.42 including spread
2023 might be one of the most violatile years in eur history as it is a long time since we saw such agressive hikes on the part of ECB during every meeting.
This will be pushing EUR further up. Traditional pivot R1 resistance is even higher than 1.15. Price is likely to end somewhat above 1.15 (above yearly Camarilla R3).
FOR EDUCATIONAL PURPOSES ONLY.
us dollar index was consolidating in ascending broadening wedge in daily tf
few dasys ago we predicted breakout to the downside dxy following as we predicted
yerterday dxy breaks wedge to the downside as expected
now expecting strong moves to the downside in coming days
good for euro gbp aud nzd
