Eurusd retraced 100 Pips today with Infaltion data as the catalyst for a continuation of higher timeframe momentum. How Surprised can we be of a move to the downside with the Weekly/Monthly timeframes doing just that for the last 3 months. The news release was stronger than what was expected for the USD. Inflation is increasing at a faster rate than expected....
after the core inflation news today and Dollar strength, after such a big downwards move going to wait for a pull back.
Hi, Trader! After clearing the upper liquidity, there's a good chance we might move down towards the three closest liquidity pools.
Analysts therefore initially attributed the drop in U.S. yields to Monday's comments from two Fed officials. They said a rise in long-term yields could occur even without further rate hikes as traders seek safe-haven assets in the wake of Hamas attacks on Israel. The Israeli shekel is currently trading near an eight-year low at 3.9550 shekels to the dollar...
🏃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...
According to the latest currency news headlines, short-term sentiment towards the Euro appears slightly downbeat against the US Dollar. While both economies face inflationary headwinds, recent data surprises have painted a relatively weaker picture for the Eurozone bloc. German industrial orders came in lower than forecast in the latest monthly...
Technical Analysis and Outlook: The Eurodollar has tested the Outer Currency Dip of 1.050 multiple times. It has risen during this week's trading session, as our EUR/USD Daily Chart Analysis for the Week of September 29 indicated: For the upcoming week, the up target is Mean Res 1.062, and on the downside the Mean Sup 1.050 and completed Outer Currency Dip of 1.050.
Check my previous 2nd idea 💡. It's all going well. Happy weekend.. see you next week.
Hey there! As you can see, in the 4-hour timeframe, after a decline, the price has shown a positive response from the $1.044 range, and it's currently trading around the $1.053 range. Based on the candlestick patterns, my expectation is that the price may continue to move positively toward the resistance levels at $1.056 / $1.058 with some positive fluctuations....
NFP .. NFP pulling back prior to NFP. If we don't reach my 1.05750 bullish target prior to NFP then we are going up with NFP. Different kind of Analysis today. I only updated my zones instead of doing a fresh top-down analysis 0:0 Previous price action 0:58 Higher timeframes 4:04 Bias for NFP
Solid Daily candle closure after not great ADP data. 0:0 Monthly timeframe 3:05 weekly timeframe 4:50 Daily timeframe 8:16 4hr timeframe 11:45 1hr timeframe Not surprised.. Also not surprised to asian session move back to the highs from NY session earlier today. These are signs of bullish strength for EurUsd. We just recieved a solid 4hr candle lose with Asian...
Chief market strategist at Lazard in New York commented: “US economic strength continues to surprise the market. The Fed's rate hike cycle may be over, but positive economic data will likely pave the way for additional rate hikes.” For example, positive data exceeding expectations in the US employment report last weekend could strengthen the stance of the US...
I wanted to bring to your attention the recent developments in the currency market, specifically the significant weakening of the Euro against the US Dollar. As of today, the Euro has fallen to its weakest level this year, while the Dollar continues to strengthen without any signs of easing. The current situation raises concerns and prompts us to carefully...
Pair just hit and important pivot point. I don't see great price action yet but I'm taking the trade. I opened a long at the blue line 1.04631 but still a good entry now. My SL is very tight and it triggers if a daily candles closes under it.
On the Bigger picture, EUR/USD triggered two TP Levels, awaiting for the lower ones. How much Lower can $EUR/USD go ? It's been a very good Summer shorting Euro throughout Q3/2023 . We also longed the up-rise bounce last year lows at 0.95 $ and ride it all the way by end year (Two Quarters opened position) Do not be trapped by the most recent price action of...
1.It's early in the week 2. Alot of volatility already this week for EurUsd 3. Daily candle closed with no bottom wick denoting exhaustion 4. Asian session continuation to the downside here coinciding with daily support level 1.04627 0:0 Monthly timeframe 2:47 Weekly timeframe 4:51 Daily timeframe 6:52 15m timeframe 8:04 4hr timeframe 8:52 1hr timeframe We moved...
Hello everyone so off to the races here with another week in the markets. 0:0 Monthly timeframe 2:59 Weekly timeframe 6:38 Daily timframe 9:10 4hr timeframe 12:08 1hr timeframe 12:50 Bias My Analysis today is derived from the close of the Septmeber Monthyll candle. We observed the September monthly candle pull back up into the close with (2) Bullish Daily candles...
Eurusd no mercy for the Monthly candle closure here. 0:0 Monthly timeframe 1:41 Weekly timeframe 3:57 daily timeframe 5:51 4hr timeframe 7:49 1hr timeframe 8:01 what happened during today 13:40 Bias for upcoming session Today we observed a V-Shaped recovery on Eurusd fueled by missed GDP data. We can also attribute the pulback to an over-extended DXY,...