The EURAUD pair is close to hitting the Target we set a month ago (see chart below) on the bottom (Higher Lows trend-line) of the Channel Up pattern since mid-September 2022: Since the 1D MA100 (green trend-line) has held as Support for 9 straight sessions, the market may consider it as the new bottom. It would be best to take the good profit made throughout...
Hello There! Welcome to my new analysis about EURAUD on several perspectives. The Eurozone inflationary pressures increased massively within the recent times determining a huge bearish edge against the AUD zone, especially as inflation in the Eurozone is not yet tackled by continued higher rate hikes with which the ECB, European Central Bank is trying to...
✅EUR_USD is in a very Strong downtrend and the Pair has been falling for a while now So much so that it is now oversold Thus as the pair is retesting a Horizontal support level of 1.04833 I think that we might see A local bullish correction LONG🚀 ✅Like and subscribe to never miss a new idea!✅
The Dollar is surging and gaining strength like it did in 2021/2022 when inflation narrative dominated the market. Are we witnessing inflation resurgence. This Multi crossover of the daily moving averages suggests a very strong trend is forming, but this rise in price action often yields a pullback before the next leg higher. Think about why this is...
SLO @ 1.1235 ⏳ TP5 @ 1.1200 TP4 @ 1.1120 TP3 @ 1.0985 TP2 @ 1.0895 TP1 @ 1.0766 BLO1 @ 1.0635 📈 BLO2 @ 1.0550 ⏳ 1️⃣ PA is currently pulling back from our BLO1 2️⃣ PA is currently within a Resistance Range (3D) 3️⃣ If it respects the Resistance Range, I'm anticipating PA will continue the DT down to our BLO2 @ 1.0555
There are two scenarios for this analysis Scenarios are marked with different colors Which scenario do you think is likely to happen? Blue or red?
EURUSD is inside a Double Channel Down pattern, trading at the moment on the twin bottom. Being under both the MA50 and MA200 (1h), the price action is identical to the earlier stage of the Channel Down (August 10th-25th). Trading Plan: 1. Buy on the current market price but don't hold if the price crosses under the dotted bottom line. Targets: 1. 1.07365 which...
Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some time ago started to grow inside the upward channel to the resistance line, thereby breaking the 1.0725 resistance level, which coincides with the seller zone. After this movement, the price bounced down and after reaching the resistance level, broke it...
The Euro (EUR/USD) is rising towards a pullback resistance and could potentially reverse from here to drop lower towards our take profit target. Entry: 1.06298 Why we like it: There is a pullback resistance that aligns with the 38.2% Fibonacci retracement level Stop Loss: 1.06735 Why we like it: There is a pullback resistance that aligns with the 61.8% Fibonacci...
Hello traders, EURJPY may be followed by a consolidation, Shorter term traders could take long and short trades at bottom and top of the range, respectively. We will trade after breaks of the range! SO WAIT FOR UPDATES!
The EURUSD pair is extending the bearish trend firmly within the borders of the 2-month Channel Down hitting in the process last week's target: As you see, it failed to break above the 4H MA100 (green trend-line) so we didn't pursue Target 2. We are in a similar situation now, with the price again at the bottom of the Channel Down, while the 4H RSI is about...
🔸previously recommended shorting eurusd at 0900. right now bid is 0797, short trade running pnl +100 pips. recommend to exit short at 0680 and look for a reversal trade setup on buy side. review original trade setup (short) via link below. 🔸eurusd generated a swing high failure short sell signal after failing to print a new higher high, SHF at 1255. right now...
🔸Hello traders, let's review the 8 hour chart for inverted EURUSD. (1/eurusd) Speculative XABCD in progress, with PRZ/D set at 0.9600 (1.0400), so expecting more losses in EURUSD going into FOMC / early october 2023. this is inverted price chart! so means that long = short EURUSD. 🔸XABCD structure is defined by point X at 9500, point A at 9000, point B at 9350,...
Hello,Traders! EUR-USD broke the support Cluster of the rising and Horizontal support lines And the breakout is Confirmed so I think That the pair will Keep falling down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
The EURUSD pair is extending the decline inside the two month Channel Down and technically it isn't over yet. The Lower Low leg range is between 2.70% - 2.90%. Starting from the September 12th Lower High, a decline of the -2.70% minimum will land the price directly on Support at 1.04850. The 1D RSI is almost on the 30.00 oversold level, but we need to see a...
Introduction: Hold onto your hats because we've got some juicy news straight from the hedge fund world. Brace yourselves for a rollercoaster ride as we delve into the wild world of euro shorts, as reported by a certain hedge fund that knows how to tickle our funny bones. Get ready to chuckle and, of course, take some action! The Hedge Fund Report: Picture this:...
EURUSD has been declining without a stop since July, turning bearish on the 1W timeframe (RSI = 38.075, MACD = -0.002, ADX = 37.003) with the RSI that low for the first time since October 2022. The most important technical formation though is the 1W Bullish Cross (MA50-100) which is the first time we see it forming after exactly 3 years. A quick look on past 1W...
Euro Stays Under Pressure Against Strong Dollar The Euro (EUR) continues to face downward pressure against the US Dollar (USD), with EUR/USD touching new six-month lows near the 1.0600 mark during early Friday trading. Here are the key factors influencing the Euro-Dollar pair: 1. Strong US Dollar Dominance: The US Dollar, as represented by the USD Index...