Dear traders! A mid-term channel is clear in the chart. A short-term channel is also there! Any breaking below the bottom of short-term channel is hunting liquidity as long as we are perfectly over the zone! Any breaks below the zone alter the bearish scenario! Remember that Final Manufacturing PMI release if USA could change the market direction.
Gold edged lower to $2,330 per ounce on Wednesday, as the US dollar stabilized ahead of May’s US jobs report expected later this week. The US nonfarm payrolls will be closely watched as investors seek cues on the potential timing of the Fed rate-cut 🔴SELL GOLD: 2348 - 2350, SL: 2354 🟢BUY GOLD: 2307 - 2305, SL: 2301 Breakout & retest: 📉Breaking and closing on:...
Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 1.0796, which is an overlap support that aligns with the 38.2% Fibo retracement. Our take profit will be at 1.0915, a multi-swing high resistance. The stop loss will be placed at 1.0729, which is an overlap support level. High Risk Investment Warning Trading Forex/CFDs...
Please, check our technical outlook for EURUSD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 1.086. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.093 level. P.S We determine oversold/overbought...
Our bias is for the US dollar index to rise to 105 over the near-term. The daily chart respected trend support from the December low, and the 4-hour chart shows a small ascending triangle which implies a break above resistance. Out of the FX majors, USD/CHF looks ready to break above resistance and lead the dollar broadly higher. Bears could also consider a short...
The US Dollar (USD) traded defensively at the start of the week, providing a boost to risk-related assets and encouraging EUR/USD to continue its ongoing recovery, approaching the key barrier of 1.0900. The pair has risen for the third consecutive day due to the weakening USD and a notable decline in US yields across the board. Looking ahead, an initial recovery...
EURUSD: The EUR yesterday adjusted slightly, then increased again in the early morning session this morning. On the H4 frame, it can be seen that the uptrend has returned to dominate before, however in today's session it is expected that the market will largely still accumulate with the advantage of increasing points in the context of quite a lot of negative...
I was looking for a move higher for EURUSD but it broke the 1.0896 strong level. The long from PZ would work good for 30 pips but overall, EURUSD is bearish and could see further downside for today. 1.0896 is now resistance. A re-test and rejection off that level is a short for a move to 1.0842 and 1.0828.
EUR/USD has surged to its highest level since March following a slight decline in the USD. The disappointing ISM PMI report from the U.S. on Monday reaffirmed bets on a Fed rate cut, weakening the dollar and boosting EUR/USD. From a technical perspective, the pair has risen above the resistance level of 1.089, and a bullish outlook is expected at this time....
Dear traders! EURUSD demonstrated its immense buying power with a spectacular breakout from the sideways resistance mentioned on the chart. Looking ahead, the initial recovery in some economic fundamentals in the Eurozone, coupled with the loss of momentum in the US economy, further reinforces the narrowing of the gap between monetary policy of the Fed and ECB...
Price is rising towards a resistance level which is a pullback resistance that lines up with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.08941 Why we like it: There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement. Stop loss: 1.09159 Why we like it: There is a pullback resistance...
EURUSD is moving in the Resistance zone($1.092-$1.087) . According to the theory of Elliott waves , EURUSD seems to have succeeded in completing the main wave 5 with the Expanding Ending Diagonal . I expect EURUSD to at least fall to the Support zone($1.0806-$1.0781) . Euro/U.S.Dollar Analyze ( EURUSD), 1-hour Time frame ⏰. Do not forget to put Stop...
EURUSD is moving in an UPWARD channel. We expect a decline in the channel after testing the current level. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity EURUSD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this...
On Monday, EUR/USD reached its highest level since late March, surpassing 1.0915. However, after making slight gains during the Asian session on Tuesday, the pair lost momentum and fell below this level. Market participants are now focused on the April JOLTS Job Openings data from the US, set to be released later today. US Economic Indicators On Monday, data...
The recent price action on the EURUSD pair was keeping me on the fence, however, my bias is slowly but surely changing into the bearish one and I think we will see the price go down. ❤️ Please, support our work with like & comment! ❤️
Examining the trend in the four-hour time frame, EUR/USD has broken the resistance range of the ceiling of the first downward channel to the upside, and now there is a possibility of a price increase due to the rising averages of the Alligator indicator. In general, this scenario is strengthened that EUR/USD can reach the resistance of the ceiling of the second...
Hi folks today I'm prepared for you Euro analytics. Some time ago price started to rise inside the upward channel, where it finally reached the support level, which coincided with the support zone, but at once rebounded down to the trend line, which is the support line also. Then price rebounded up from this line and soon broke the support level, after which made...
We want to see price going in our zone, then reach new highs 1.09000