This is a EURO / DOLLAR chart, We are currently neutral in-terms direction bias for this week. Non-Farm Payroll definitely will be the influential factor to our setup. Setup Breakdown : WEEKLY Price is in the Discount in terms of the weekly range and we have seen the first bullish candlestick in the last 5-6 months. Note : The Premium - Discount zones...
Hello traders welcome back to another detailed analysis of the Eurusd currency pair. This week was bullish and quite volatile. Cad inflation news on tuesday was a catalyst in my opnion for a chnage of sentiment in the currency markets. At the very least, it sparked decent volume and a selloff in the USD. Leave a rocket if you enjoyed the video and comment for...
Welcome back traders to another Top-Down Analysis for Eur/Usd. We can observe an increase on EU that began on Tuesday of this week. As the week has progressed we have slowly climbed up to the next Daily Level 1.088. Better than expected numbers for EURO manufacturing data has provided a nice boost of bullish momenutm and continuation for the Eurusd to the upside....
The head of the European Central Bank #ECB Madame Lagarde claims the #ECB is at a different point in time to the Federal Reserve #FED. She claims it is premature to talk about winding down the Quantitative Easing (#QE) as the Fed has indicated a schedule to roll back liquidity. The graph indicates otherwise interestingly the EUD USD liquidity indicates the Fed...
Technical Analysis and Outlook: The Eurodollar experienced a decline during this week's trading session. It crossed our Mean Support level of 1.074 and Inner Currency level of 0.075 before quickly bouncing back to the Mean Resistance level of 1.079. Currently, the currency is in a primary downward trend and is expected to continue until it reaches the Inner...
Firming a tight channel in EURUSD is sign of bull pressure in lower time frame. On my view, EURO can Strong versus US Dollar. Trade safe. Good luck.
Technical Analysis and Outlook: The Eurodollar traded lower in this week's trading session by completing our Inner Currency Dip of 1.075 and settling in a tight range, hovering above our Mean Sup 1.074 and under Mean Res 1.079. The Eurodollar is in a primary downward trend, which will continue until the support level marked at Mean Support of 1.074 and the Inner...
Monthly outlook for forex NSE:DOLLAR is finally out of range. A little retrace lower and then going higher is what I have in mind. I don't wanna see a deep retrace into the range. This aligns with the seasonal data for NSE:DOLLAR as well. TVC:DXY NASDAQ:EU $gu
Technical Analysis and Outlook: During this week's trading session, the Eurodollar exhibited a high degree of fluctuation and volatility, revolving around our Mean Support level of 1.084. Despite the fluctuations, the currency failed to rise above our Mean Resistance level of 1.090 to sustain a meaningful rebound. Currently, the Eurodollar is in a primary...
In a turn of events, the EUR/USD pair rebounded during the latter half of Thursday's European session, recuperating from its earlier dip to 1.0780, the lowest level since December 13. Closing on a positive note, the pair currently maintains its position above the 1.0880 area as the near-term outlook suggests a bullish trend. The intriguing dynamics in play are...
Well as you can see, the market structure is bullish now and the price had a deep retracement move to the extreme bullish order block. In addition, we can see the price created the liquidity above the order block that makes the demand zone more valuable. As a bullish target, we can define the liquidity above the equal highs as a first target and also we can...
EUR/USD: Analyzing the Impact of FOMC Decision and Powell's Remarks The EUR/USD experienced a notable reversal following the Federal Open Market Committee (FOMC) release, as Chairman Jerome Powell's remarks influenced market sentiment. This article delves into the aftermath of the FOMC decision, the Eurozone's recent inflation data, and the upcoming economic...
EUR/USD:A Resilient Recovery Amidst Economic Data and Market Sentiment Shifts The EUR/USD pair demonstrated a commendable recovery, reclaiming lost ground on Monday as an improved market sentiment put pressure on the US Dollar. This resurgence was marked by a significant rejection at the 1.08000 level, coinciding with the 78.6% and 88.60% Fibonacci levels,...
EUR/USD Faces Pressure Amidst ECB Remarks and FOMC Anticipation EUR/USD experienced a decline on the last Monday of the month, closing near the psychological level of 1.08000. The downward pressure was influenced by remarks from the European Central Bank (ECB) and the looming Federal Open Market Committee (FOMC) meeting. The breach of the dynamic trendline and a...
4H OB reacted very nice with a breaker forming and price bouncing. Targetting the initial consolidation above.
A new week ahead with NFp economic data to wrap things up so excited for whats to come. 0:0 Monthly timeframe 2:40 Weekly timeframe 5:47 Daily timeframe 8:20 4Hr timeframe We can observe the bearish pressure on Eu across the past 3-4 weeks and the start of the new year 2024. The bearish momentum began with the weekly engulfing candle of the first week of the year.
🏃 EURUSD is moving near the 🟢 Support zone($1.0800-$1.0756) 🟢. 🌊According to the theory of Elliott waves , EURUSD seems to have completed its five downtrends . 💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys . 🔔I expect EURUSD to rise at least to the end of wave 4 at the 🔴 Resistance zone($1.0916-$1.0880) 🔴 in the coming...
🏃 EURUSD is moving in the 🔴 Resistance zone($1.0910-$1.0880) 🔴 and near the Downtrend line . 🌊According to Elliott's wave theory , Bitcoin seems to have completed wave 4 at the 🔴 Resistance zone($1.0910-$1.0880) 🔴. 🔔I expect EURUSD to continue to Decline at least to the 🟢 Support zone($1.0800-$1.0756)...