ECB cut rates yesterday and EUR is supposed to weaken but not much reaction but there was a whipsaw, with price rallying to 1.0896 strong level before rejecting off it, base at PZ and then moved higher. I did say in the group that the rejection of the 1.0896 could signal a mov lower but eventually PZ held the down. Daily price action is bullish on close which...
During a recent rally, the EURUSD exhibited notable bullish momentum. In our video analysis, we explore potential long positions, contingent upon price aligning with our entry criteria. Examining the 4-hour chart, we observe a previous bearish trend that has been interrupted by a bullish market structure breakout. While my bias leans toward a long position, it...
While closely related, US inflation and the Federal Reserve's interest rate decisions can impact the market with varying intensity. The Fed aims to avoid surprising the market, whereas inflation is unpredictable. Consequently, the market is confident that the Fed will neither hike nor cut rates at the upcoming meeting. However, inflation forecasts are often...
"Based on the highlighted patterns in the chart, it appears that the trend is bearish, indicating a potential decline towards lower price levels."
Hello everyone, today the EUR/USD pair is trading higher at around 1.0891, despite the recovery of the US Dollar. The European Central Bank's interest rate decision and the press conference by President Christine Lagarde are set for late Thursday. If the outcomes are favorable, EUR/USD could break out of its wedge pattern, as the 34 and 89 EMAs continue to provide...
My dear followers, This is my opinion on the EURUSD next move: The asset is approaching an important pivot point 1.0875 Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 1.0888 About Used Indicators: For more efficient signals,...
The European Central Bank raised Interest Rates by a Quarter of a percentage point Thursday, judging that Inflation remains too High ; even as data points to a deepening economic downturn in the 20 countries that use the euro. The move takes the benchmark rate in the euro area to 3.75%, the highest since October 2000.
Pair: EURUSD Action: Sell RRR: 1:6 SL: 1.08999 TP: 1.06817 Indicators: EMA200: The EMA200 serves as a critical indicator of the long-term trend direction. MACD Trend: The MACD indicator helps traders assess the strength and direction of the trend. Supertrend: The Supertrend indicator acts as a reliable tool for identifying entry points in alignment with the...
By analyzing the #GOLD chart on the 2-hour timeframe, we observe that the price, as expected, managed to grow again to the supply zone of $2360. Afterward, it experienced a significant decline, hitting all the previously announced targets. The lowest level at which the price corrected was $2315. Once it entered this demand zone, it faced buying pressure and was...
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A few moments ago price entered to triangle where it first fell to support line and then bounced up. Price reached resistance level and at once made downward impulse, exiting from triangle and breaking $1.0700 level. But soon, price started to grow inside rising...
Here is our detailed technical review for EURUSD. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 1.086. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.082 level soon. P.S We determine oversold/overbought...
EURUSD - Classic bearish formation - Our team expects fall SUGGESTED TRADE: Swing Trade Sell EURUSD Entry Level - 1.0873 Sl - 1.0900 Tp - 1.0824 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
Hey Traders, in today's trading session we are monitoring EURUSD for a buying opportunity around 1.08200 zone, EURUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.08200 support and resistance area. Trade safe, Joe.
6th June DXY: Look for DXY to climb to 104.45 before ECB decision, break 104.45 could trade up to 104.75 - 105 NZDUSD: Sell 0.6195 SL 25 TP 55 AUDUSD: Sell 0.6625 SL 15 TP 30 USDJPY: Buy 156.65 SL 30 TP 130 (Hesitation at 157.40) GBPUSD: Sell 1.2750 SL 20 TP 60 EURUSD: Sell 1.0860 SL 20 TP 70 (ECB Rates Decision) USDCHF: Sell 0.88808 SL 30 TP 70...
The EUR/USD currency pair edged higher, trading in a narrow range around the 1.0760 level. Slight Increase in US Treasury Yields The yield on the 10-year US Treasury note rose slightly from 3.22% to 3.23%, providing some support for the USD. Mixed Economic Data The US ISM Services PMI for May rose slightly from 56.2 to 56.3, indicating signs of economic...
#LPTUSDT (UPDATE) Hey dear members hope you all are enjoying our ideas and analysis. Now we are here to discuss about LPT LPT looking for breakout getting a good volume here. We can see gain here upto 40%+ soon
#QIUSDT (UPDATE) Hey dear members hope you all are enjoying our ideas and analysis. Now we are here to discuss about QI. QI Ascending triangle breakout done. We can see gain here upto 50%+ soon
Hello everyone. Today, EURUSD continues its recovery streak, moving closer to the psychological level of 1.0900 while maintaining its position within the parallel uptrend channel. If the bullish trend holds, EURUSD could test the June high of 1.0916, followed by the March peak of 1.0981, the weekly high of 1.0998, and ultimately reach the significant 1.1000 mark.