Hello,Traders! EUR-CHF went down and Retested a weekly horizontal Support level around 0.9679 And already made a rebound So as the pair is trading in an Uptrend I believe that we will See a further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
✅EUR_USD is going down And the pair broke a strong Wide demand level around The 1.0700 area which became A supply zone now and the Breakout is confirmed so despite An expected rebound and a retest Of the supply levels above We are bearish biased and We will be expecting a Swing move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
EURCAD marginally turned bearish on its 1D technical outlook (RSI = 44.842, MACD = 0.001, ADX = 27.243) as it hit both the 1D MA50 and 1D MA200 today. That is dead neutral on a 15 month basis as the pair has been on a wide ranged price action since the start of 2023. Currently it sits exactly at the middle of this pattern on the 0.5 Fibonacci level. This gives us...
Hello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price some days ago entered to triangle, where it at once rebounded from the resistance line, which coincided with the 1.0885 resistance level with the seller zone and in a short time declined to support line of this pattern. After this movement, the price...
Hi Traders ! The EURUSD Failed To Break The Resistance Level (1.08375 - 1.08669). The Higher Low is Broken (ChoCh) So, I Predict a Bearish Move 📉 ----------- TARGET: 1.07110🎯
Amidst the ever-fluctuating landscape of the foreign exchange market, the EURUSD pair has captured the attention of traders following a notable drop to 1.071 in response to recent economic developments. As I compose this article, the pair finds itself at a critical juncture, supported by a confluence of factors including strong technical support and contrasting...
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price broke $1.0885 level, which coincided with resistance area and continued to decline in falling channel. Soon, price fell to support line, after which it bounced and reached resistance line and then continued to fall near this line. When Euro reached...
The euro's rally from the December low appears to be losing steam. Tuesday's high respected a resistance cluster including a 61.8% Fib level, high-volume node and trend resistance. A 2-bar bearish reversal (which includes an engulfing candle) only made a marginal high above Friday's high, and a bearish divergence has formed on the RSI. With CPI looming, perhaps...
As the EUR/USD opens Monday's session with an initial pushdown to 1.08280, the forex market reflects on the recent Nonfarm Payrolls (NFP) report. With the economy adding a robust 303,000 jobs in March, surpassing expectations, investors are recalibrating their forecasts regarding the Federal Reserve's (Fed) interest rate policy. This unexpected surge in job...
The recent release of the US Nonfarm Payrolls report for March has sparked significant movements in the EUR/USD currency pair, with implications for traders and investors worldwide. This article provides a comprehensive analysis of the key factors driving these fluctuations and offers insights into potential future trends in the forex market. US Nonfarm Payrolls...
EURCHF is approaching the top of the multi year Channel Down pattern with 1D on bullish technicals (RSI = 66.643, MACD = 0.006, ADX = 55.830) but with a weekly chart almost overbought. The 1D RSI has already posted its first LL which suggest an underlying Bearish Divergence. We turn bearish on this pair targeting the 0.5 Fibonacci (TP = 0.9600) like the previous...
Today, the EUR/JPY price rose in the early morning, and right now the price made a good rejection from the 165.1 zone. this rejection could lead to further downward movement after a short retracement. 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:...
Hi Traders ! The EURJPY Price Failed To Create a New Lower Low. The Lower High is Broken (ChoCh). Moreover, The Resistance Line is Broken ! So, I Predict a Bullish Move 📈 ------------ TARGET: 165.170🎯
Take a look how EURGBP reacted to a daily falling trend line on a 4H time frame. The market started to consolidate within a narrow range and was stuck within for 2 trading days. Today we see a strong bearish movement with a confirmed violation of the support of the range. It indicates the strength of the sellers. We can anticipate a bearish movement lower,...
Hi folks today I'm prepared for you Euro analytics. If we look at the chart, we can see how the price some days ago fell to the support level, which coincided with the support zone, and at once rebounded from this level and made a strong impulse up to the 1.0885 resistance level. Soon, the price broke this level, which coincided with the resistance zone and even...
Hi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊 Some time ago price declined lower support level, which coincided with support area, and started to trades in triangle. In triangle, GBP made upward impulse to resistance line, breaking $0.8540 - $0.8570 levels and then turning around. In a short time, price...
The euro has reached an important support zone. Important Fibonacci levels of the previous bullish leg, and the uptrend line of the daily timeframe. We follow the daily reaction candle
The EURUSD pair hit our 1.07250 Target of our March 27 analysis (see chart below) before the current 1-week rebound: Right now it is giving mixed signals as the latest rebound made the 1D RSI break and stay above its MA trend-line, which is a pattern it following on the February - March Bullish Leg. At the same time though, the 2024 Channel Down is intact but...