Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 When price bounced from resistance area, it made downward impulse to $1.0490 support level, which coincided with support area. Also, Euro broke $1.0615 level and entered to flat, in which it tried to rise, but failed and continued to decline. After price exited...
EUR/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 183.020 which is a pullback resistance level. Stop loss is at 184.550 which is a level that lies above a pullback resistance. Take profit is at 181.128 which is a pullback support that aligns with the 38.2% Fibonacci retracement level. ...
The EURNOK pair has topped on the long-term having made a Cycle peak on the week of May 29 2023. So far however, the 1W MA50 (blue trend-line) has (nearly) held twice as Support, but both rebounds failed to cross above the 0.618 Fibonacci level. This price action is very similar to the previous Cycle peak of March 2020, leading to a 1W MA50 rebound that again...
We have a busy claendar today for forex traders, with US producer prices data, FOMC minutes and several Fed members set to speak. Clearly this lineup has the potential for some larger moves on the US dollar, and that helps explain why the 1-day implied volatilty level for EUR/USD is nearly 200% of its 20-day average. What’s grabed our attention is that DXY has...
Hello,Traders! EUR-USD is about to hit A supply level of 1.065 From where a bearish Pullback is to be expected Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hi folks today I'm prepared for you Euro analytics. After the price declined to the 1.0600 resistance level, which coincided with the resistance zone, it at once broke this level and continued to decline to the 1.0500 support level. But the Euro at once rebounded and made an upward impulse to the resistance zone, thereby making a fake breakout of the resistance...
The EURUSD pair is emphatically breaking above the 4H MA100 (green trend-line) with the only time it has done so since this July Channel Down started being on August 30. The signal to sell has always been a 4H MACD Bearish Cross, so this is what we will wait for in order to lower the risk. If successful, we will target 1.0400 (-2.33% decline as the previous...
🏃EURUSD is moving in the 🟢Support zone🟢, and Regular Divergence(RD+) is seen between two consecutive valleys. 🌊In terms of Elliott waves , EURUSD seems to have completed the Zigzag correction(ABC/5-3-5 ). 🔔I expect EURUSD to rise to at least the Downtrend line after breaking the Resistance line . Euro/U.S.Dollar Analyze ( NZDUSD ), 4-hour Time frame...
The EURUSD approaches the 50% fib retracement level from the longer term and the resistance level of 1.0620 This move has been driven by the weakness of the DXY as markets consider the increased possibility that the Federal Reserve could continue to keep interest rates at the current level. Look for the EURUSD to break above the immediate resistance level and...
The Euro (EURUSD) is rising towards an overlap resistance and could potentially reverse from here to drop lower towards our take profit target. Entry: 1.06165 Why we like it: There is an overlap resistance that aligns close to the 23.6% Fibonacci retracement level Stop Loss: 1.07659 Why we like it: There is an overlap resistance that aligns with the 38.2%...
🔸Hello traders, let's review the daily chart for EURUSD today. Recently we had noteworthy compression inside rising wedge in strong prior downtrend conditions. Normally this results in a breakdown and dump, we had a fake breakout and print of new higher high at 1230/1240 before reversal and subsequent breakdown of the rising wedge structure. 🔸EURUSD ongoing...
EUR/AUD is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at1.65011 which is an overlap support. Stop loss is at 1.64430 which is a level that aligns with the 61.8% Fibonacci retracement level and sits under a pullback support. Take profit is at 1.66387 which is a pullback resistance level. High...
EUR/GBP is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 0.86357 which is an overlap support that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 0.86070 which is a level that lies under an overlap support that aligns with the 50.0% Fibonacci retracement level. Take profit is...
EURUSD is trading inside a Bullish Megaphone. Having formed the first Golden Cross (1h) since August 30th, we have a strong bullish case for the short term but at the same time two clear Resistance levels. Trading Plan: 1. Buy on the current market price. 2. If it pulls back after a Resistance (1) test, buy on the MA200 (1h). Targets: 1. 1.06175 (Resistance...
EURCHF is trading inside a Channel Down that priced the latest Lower High at 0.969650 (Resistance A). That is confirmed by the Sell Cross formation on October 5th, the highest formed since January 31st. Sell and target 0.94100 (Support A), even though we can decline a little more (-3.25% was the previous bearish leg). Previous chart: Follow us, like the...
EURJPY has been hanging around 157 - 157.5 range for some time, we saw a break below last week which quickly recovered, but we've broken back below now so I expect a stronger push back down to the low of last week (caused by JPY buying). With price action there was also a failure to make a new high, we saw a short pinbar on the 4HR before we broke back below my...
EUR/USD ON WAY EN:1.04698 TP:1.07369---SL:1.04410 IF you like this chart,please like and follow
EURUSD got rejection last Friday on the 4H MA100, which maintains the Lower Highs order inside the Channel Down pattern that has almost completed three months of trading. Naturally, the 1D timeframe is bearish technically (RSI = 40.242, MACD = -0.006, ADX = 32.170) and will remain so for as long as the Channel Down holds. The 4H MA100 provided the rejection on...