The EUR/USD price has surged significantly over the past 10 days. Let's explore the reasons behind this movement and the potential trends we might face in the coming days. Fundamental Analysis: The EUR/USD exchange rate has seen a significant increase over the past 10 days. This upward trend is primarily supported by a weakening U.S. dollar, driven by...
After the analyzes sent at the end of last week and the beginning of this week, I received many messages asking for explanations on my sometimes conflicting analyses, so I want to explain my point of view. The lack of incisive news at the beginning of the week and the lowering of volumes that mark the beginning of summer are avoiding major movements on...
I’m looking to sell at the zone Just my opinion Feel free to drop your comments
I’m looking to sell at the zone Just my opinion Feel free to drop your comments
**Monthly Chart** EURUSD is in a large range between 1.11500 and 1.04482 levels from August 2023 to date as per the monthly chart. However, it is still moving in a large long-term bearish directional bias and short-term bullish directional bias. **Weekly Chart** EURUSD weekly candle closed bearish after testing 50% of the previous weekly candle and moved lower...
The European political landscape has just thrown a curveball at the financial markets. A recent poll indicating a rise in populist and eurosceptic parties has sent shockwaves through the system, triggering a significant drop in the euro. This newfound uncertainty presents both risks and opportunities for traders, demanding a strategic shift in approach. The poll...
EURUSD - May 31, 2024 Today EURUSD stays in a downtrend, yesterday`s restoration turned into short-lived and the pair remains on course to attain 1.0800 once more withinside the early buying and selling hours of the month. weekend session. Accordingly, the outlook remains favorable for dealers while EURUSD remains beneath many vital resistance stages and...
My plan for EU this week is similar to GU, but with a focus on the nearby supply zone. I will look for a temporary sell-to-buy setup, especially interested in the 3-hour supply zone. However, I will proceed with caution and wait for a distribution to occur within the POI before considering any sells. There is trendline liquidity above the supply, so I expect the...
EURUSD: The EUR nowadays did now no longer decline however as a substitute is shifting up close to the 1.0740 resistance region. This is because of the weakening of the USD. Currently, due to the fact DXY is damaged and is possibly to maintain to weaken, nowadays`s model ace can pay interest to NONFARM. It is anticipated that EURUSD will possibly retest across the...
Hello fellows, This is what I am thinking to short EU from, hope it will help. Best of luck
Weekly: Price has been rejecting from the W-BPR, & it has been created bearish W-MSS, with W-FVG, so the sign of momentum is clearly bearish in Euro. Currently the price is reaching towards the W-SSL(1.05166) & (1.04484). Weekly Bias: Bearish. H4: we will be looking to open a short position from the H-FVG, if the price takes the D-BSL (1.06900.) And forms a...
FX:EURUSD Processing: +3.6RR Risk: 1% Updated a large amount of liquidation on the purchase There is a structure breakdown at 1h, I expect further upside to the nearest FVG resistance zone at 1h. Waiting for working off
Hello everyone, Today, the EUR/USD faced renewed downward pressure, dropping to its lowest since November, beneath the 1.0700 mark. Despite technical indicators suggesting that the pair is oversold, betting on a Euro recovery might be risky, especially with the diverging monetary policies of the European Central Bank (ECB) and the Federal Reserve (Fed). It seems...
Even though previous week was pretty bullish I still expect the bearish trend will continue and it will keep taking out the weak lows. The move during NFP didn't really give a clear signal what direction price wants to go, we'll see during CPI upcoming Wednesday I guess. I would like to see the imbalance to get filled first with a nice rejection which will...
The analysis on EUR/USD reveals strong bearish pressure, pushing the cross to its lowest level since mid-February, dipping below the 1.0751 mark. The daily chart shows EUR/USD confined within a 20-pip range below the 1.0804 level, corresponding to the 61.8% Fibonacci retracement of the previous rally from 1.0695 to 1.0982. On the 4-hour chart, the 20-period SMA is...
Bollinger Bands Reverting to Test the Center Range.RSI and MACD Analysis: Utilizing Technical Indicators for Buy and Sell Signals in Gold Trading" "When RSI touches the overbought zone and signals a sell, MACD quickly follows suit with a downward crossover, also indicating a sell. Subsequently, the price experiences a sharp decline. Next, RSI moves down to the...
In the above chart, you can see that prices are gradually forming lower highs, indicating that the selling side is gaining momentum over the buying side. In most cases, prices will break below the support line and continue to decline. However, in some cases, when the support is too strong, prices will bounce back and establish a strong upward trend. The good news...
One of the most popular methods to identify a rebound is by using Fibonacci levels. Typically, rebounds occur within the 38.2%, 50%, and 61.8% Fibonacci retracement levels before continuing in the prevailing trend. If the price extends beyond these retracement levels, it could signal a potential reversal. It's important to note that we use the term "could" instead...