I anticipate the Euro, Yuan and Yen all devaluing this summer against the dollar. I think it starts off with PBOC or BOJ devaluing which will start off a firestorm first by increasing the dollar to 140-160+. I anticipate that at a minimum we'll see .75-.80. Also, the TTM Squeeze indicator is almost on every TF except monthly which will hit by this summer. That...
Daily timeframe We have broken the head and shoulder pattern and we estimate the downside will be the length of the head and we should wait for price to retrace at least to 31.8% or 50% fib level which come in confluence with the broken support which will act as resistance and trendline too. Follow and comment below for more break down analysis
The EUR/CAD pair, since January 1st, 2023, has been traversing within a defined range, characterized by notable reversals between support and resistance levels. Recent market movements have unveiled a potential reversal pattern, signaling opportunities for astute traders. Initiating from its recent peak at 1.5050, EUR/CAD has embarked on a new trajectory, marked...
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 price entered to consolidation, where it reached resistance 2, which coincided with the top part of the range and resistance zone. After this movement, EUR turned around and made an impulse down to resistance 1, which coincided with the bottom part...
Here is my latest structure analysis and important key levels to watch on EURUSD next week. Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
Hello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price a not long time ago entered to downward channel, where firstly it broke the resistance level, which coincided with the seller zone and rose to the resistance line of the channel. Next, the price turned around and soon fell to the seller zone, but later...
The EURUSD pair is approaching the 1.05500 Target that we called on April 02 (see chart below), which is at the bottom of the 4-month Channel Down: That will form the new Lower Low of the pattern, completing a -4.00% decline from the Lower High, which is 100% symmetrical with the previous Low. The structure of the Legs is very symmetrical so after the Low we...
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A not long time ago price entered to wedge, where it first broke $1.0785 resistance level, which coincided with resistance area. Then EUR fell to support line and at once made strong upward impulse, breaking $1.0785 level one more time. Later it reached...
EUROZONE CPI Eurozone Headline and Core CPI for October both came in as expected (decrease) Eurozone Headline CPI: MoM – Actual 0.1% / Exp. 0.1% / Prev. 0.3% YoY – Actual 2.9% / Exp. 2.9% / Prev. 4.3% (purple on chart) Eurozone Core CPI: MoM – Actual 0.2% / Exp. 0.2% / Prev. 0.2% YoY – Actual 4.2% / Exp. 4.2% / Prev. 4.5% (blue on chart) ...
Hi folks today I'm prepared for you Euro analytics. A few moments ago price reached the resistance zone, breaking resistance 2, but soon it turned around and in a short time declined to resistance 1, making a fake breakout. Soon, EUR turned around and made a strong impulse up to the trend line, breaking resistance 2 one more time and even soon broke the trend line...
EUR/JPY could rise towards an overlap resistance and potentially reverse off this level to drop lower. Sell entry is at 164.62 which is an overlap resistance that aligns close to the 78.6% Fibonacci retracement level. Stop loss is at 165.45 which is a level that sits above a multi-swing-high resistance. Take profit is at 163.61 which is a pullback support that...
Hello Traders ! On Wednesday 21 Feb, The EURNZD Reached a Support Level. The Price Formed a Double Bottom Pattern. Currently, The Neckline is Broken ! Moreover, The Resistance Line is Broken ! So, I Predict a Bullish Move📈 ---------- TARGET: 1.81620🎯
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 started to rise inside the upward channel, where firstly it declined to the 1.0780 resistance level, which coincided with the seller zone. Soon, the price broke this level and declined to support line of the channel, after which EUR at...
EUR/AUD is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.6563 which is an overlap resistance that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 1.6634 which is a level that sits above the 78.6% Fibonacci retracement level and a pullback resistance. Take profit is at...
EUR/GBP is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.8568 which is a pullback resistance that aligns close to the 61.8% Fibonacci retracement level. Stop loss is at 0.8596 which is a level that sits above a pullback resistance. Take profit is at 0.8531 which is a pullback support. High...
EURUSD turned oversold today on its 1D technical outlook (RSI = 29.517, MACD = -0.004, ADX = 31.573) as it failed to sustain the rebound during the early session. The long term pattern is a Channel Down since the start of the year and this is the second bearish wave for a LL. The 1D MACD is on the second Bearish Cross inside 30 days and even though a short term...
Trading Setup: A Trading Signal is seen in the EURUSD (m15)Currency Pair. Traders can open their Sell Trades NOW ⬇️Sell Now or Sell on 1.0684 ⭕️SL@ 1.0716 🔵TP1@ 1.0561 🔵TP2@ 1.0500 🔵TP3@ 1.0411 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning...
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some time ago price entered to falling channel, where it first broke resistance level and fell to $1.0775 points. After this, price tried to rise, but failed and declined lower, after which EUR turned around and started to grow in rising channel. In this channel,...