Hello everyone, let's discuss and strategize our new day! As James mentioned in the previous analysis, the price has rebounded but remains limited below the 1.0727 resistance level with the bullish bias amid a weaker looking US dollar. However, overcoming the 1.0730 resistance clearly remains the challenge and the target. On impact news: Looking ahead,...
Greetings, marvelous companions! The EUR/USD currency pair sustained its upward trajectory, following a positive closure on Thursday and reaching its highest point since April 11 at approximately 1.0750. While the short-term technical analysis indicates potential overbought conditions, the improving sentiment towards risk may assist in propelling the pair higher...
The EUR/USD pair edged lower in the Asian trading session on Friday, moving away from its two-week high around the 1.0740 level touched the previous day. Currently, the spot price is hovering around 1.0740 in the European session and remains dependent on the price fluctuations of the US Dollar (USD) ahead of key data releases from the United States. Based on...
Hi folks today I'm prepared for you Euro analytics. A not long time ago price in a short time rose to the trend line and then made a strong impulse down to the 1.0730 resistance level, which coincided with the resistance zone and even soon broke it. After this movement, the price declined to the support zone, which coincided with the 1.0640 support level, but at...
Hi everybody! FX:EURUSD Thus, in general, after a long period of decline in EURUSD, it has recovered again supported by the strong weakening of the USD. The uptrend could resume with a break of 1.0727. It can be seen that on almost every timeframe EURUSD is showing a positive outlook, so we can expect a breakout scenario at this time. Talking about a...
FX:EURJPY is in an uptrend phase. Regarding what is happening on the chart, we can assume that the bullish trend will continue in the medium term. The market is redeeming the strong drop that happened at the end of 2023 on the fundamental background in a few months. The Japanese Yen is weakening strongly on the back of weak regulation by the Central Bank of...
Preferred direction: SELL Comment: The long-awaited meeting of the Bank of Japan took place, at the moment it is best to focus on technical analysis. Previously, we published two scenarios where scenario №2 is already active. Everything is unchanged here and most likely near the level of 157 , we can expect a fall with a target at the level of 153.222...
There are important areas of interest. It could be that we are now in decline and then make the original price movement. I would like to look for purchases in the indicated areas.
Technical analysis of EURUSD ahead of important US Fundamentals. Price action, key levels analysis. Potential scenarios. Trading recommendations. ❤️Please, support my work with like, thank you!❤️
Preferred direction: BUY Comment: The previous trading idea for the Australian dollar was successfully closed with a profit. At the moment, the US dollar continues its downward correction on almost all fronts. We expect further growth for this pair, but of course it will be more limited than before. In our decisions, we are tied to the support level of ...
EUR/USD responded to new demand and rose to 1.0750 in the European trading session on Thursday. From a technical perspective, a positive signal is emerging as EUR/USD may be forming aa cup and handle. In this scenario, the expectation is for the price to continue rising to the first resistance level at 1.0727, followed by the psychological milestone of 1.0885.
By checking the gold chart in the 1-hour time frame, we can see that yesterday the price corrected to about $2312 and then it came back with the demand and was able to grow up to the next supply range, i.e. $2332 to $2343, and then again It was accompanied by a heavy drop to $2305! As you can see, the price has entered the desired supply range for the fourth time...
Hello dear traders, 📊 EUR/USD is in a holding pattern ahead of major US economic data 📉 Resistance looms near 1.08000 while support holds at 1.06000. Traders are on edge as key reports like non-farm payrolls and Fed announcements approach 📈 Positive US data could give USD a boost, pushing EUR/USD down, while weaker data might lead to a breakout 📉 Conservative...
Hello everyone, Today, in the Asian trading session, EUR/USD subtly hovered around the psychological level of 1.0700. This modest increase in the currency pair is supported by a softer U.S. Dollar. From a technical perspective, the pair is moving steadily within an ascending channel. The next target remains a buying strategy, aiming for the resistance level at...
EURUSD - Classic bearish pattern - Our team expects retracement SUGGESTED TRADE: Swing Trade Sell EURUSD Entry - 1.0715 Stop - 1.0742 Take - 1.0665 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
This is my Intraday analysis on EURUSD for 26 Apr 2024 W17 based on Smart Money Concept (SMC) which includes the following: Market Sentiment 4H Chart Analysis 15 Chart Analysis Market Sentiment PCE as the next hurdle: The release of the Personal Consumption Expenditures (PCE) data is the key event today. This data is a crucial inflation indicator for...
Hello wonderful friends! Overall, EURUSD experienced significant volatility yesterday, with price gains surpassing the 1.0700 level. It is currently trading at a new high of 1.0720, highlighting a 0.2% gain on the day. So do you wonder why this currency increased so strongly? On the move: EUR/USD clings to gains near 1.0700 early in the European session on...
Hope everyone liked the previous idea which hit full tp for a RRR of 17.5. This one is quite harder for a RRR of 20:1. Let me know if you agree or not with possible EURUSD up movement.