Continuing on from yesterday's analysis, I would be looking for more buys above 1.093 and 1.096. We have been creating a steady bullish structural wave on the 1h timeframe and I expect for it to be maintained. Price has been messy and quite slow, but I'm putting that down to the news we have coming up this week. I'd like to get my trades done and out of the way...
This week I have travelled to the west coast of France, with just my laptop and a rucksack. I'll be working here like usual, I love the freedom this job offers me. This week I am looking to continue the current medium-term bullish trend on EUR/USD, with buys from a pullback to 1.087 or a continuation above 1.093. I aim to ride continued buys after our very short...
Trading Setup EURUSD Sell Indications Entry Levels: 1.09986-1.10726 Stop Loss: 1.11326 Take Profit: 1.07539 Take Profit: 1.06370 Take Profit: 1.05000 Here is the proper setup with many confirmations, so just set price alert on your chart and also make sure your own analysis. The main point when open up trades; Main points when open trade; 1. 1:3 risk...
I would personally be looking for buys at my 1.09 and 1.093 key price zones. 1.09 looks better to me as a double bottom would be the preferred situation and it is a large psychological level too. Since the beginning of June, Dollar has been remaining soft and has been pushing down from 104.5 to 102. I'm looking to temporarily continue the dollar bearish sentiment...
Hello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that EurUsd just recently perfectly retested and already rejected the quite nice bullish trendline of the weekly parallel rising channel. You can also see that the next weekly resistance is at the $1.12 level where we previous had strong...
Continued buys from 1.096 or 1.093. We look for a continuation of buys after yesterday's analysis. We saw a significant breakout of the slow bearish correction we were in with new intraday highs created. Today I will be looking for corrections to the levels I've mentioned above for further buy opportunities. Fundamentals Jerome Powell's speech that came out...
We understand that there has been a slow and steadier start to the week with a lack of economic events, coming off a US bank holiday and winding down from the second quarter. On the higher timeframe, EUR/USD is approaching the top of a range and I'm expecting some bearish pressure when we get there. Currently, price is in a slow pullback but still presenting...
Sticking to the basics of trading: The market stalled making a resistance zone for the buyers. Thus showing early selling pressure. The next area the market can possibly bounce from is at the 0.08500 mark. This mark would be a good area for buys continue the higher timeframe trend. For anyone going into the london session can use the 4H timeframe to see that...
Currently EUR/USD is having a slight retracement after all that buying pressure. A strong supply level has turned into a demand level showing bullish signs... I am waiting for a retest into this demand zone and strong bullish price action/MA cross in order to enter. Additional confluence will be this trendline break. I have my TP at the last strong supply zone. My...
There are no new events from a reactive standpoint or headlines and minimal change in price on EUR/USD. So I have the same analysis, sentiment, focus points and trade ideas as my previous morning analysis. Fundamental Lesson - Consumer Price Index Key points: - Disinflation in Core CPI and headline reading. - FED 'skips' rate hike in June FOMC meeting and...
This week I am looking to continue with the bullish bias that was confirmed at the end of last week, with buys above the current highs at 1.096 or waiting for pullbacks to take buys at 1.087. EUR/USD is showing an increased probability that we could at least trend back into the higher timeframe range highs at 1.1062 as long as the dollar still remains softer and...
Yesterday we maintained bullish structure all day until we saw rejections with the release of FOMC, even though the news was expected and already priced in by the market. Today we have the ECB's rate decision and the US jobless claims data at quite similar times. I will personally avoid making any trades until both of these events have passed and the market has...
This is its 1h chart. It can be clearly seen that it has gone through a downward trend channel in the early stage. It has recently stepped out of this channel and built a small bottom. It is currently testing the first resistance and whether it can convert the resistance to support. is the most important thing right now. To judge it, in addition to analyzing...
Hello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that EurUsd just recently perfectly retested and is now rejecting a quite strong bullish trendline exactly at the $1.07 level. You can also see that weekly market structure and moving averages are bullish, EurUsd also just once again...
With the news today, I'm expecting EUR/USD to be indecisive but continue its bullishness until the news. Right now we are still holding pullback structure on the higher timeframe and even though price was choppy yesterday we still saw buyers printing intraday highs. I would be looking for buys at the same price sensitivity areas at a pullback of 1.076 or above...
With key news being released today that will ultimately decide the direction of Dollar pairs, I will be sitting and watching until it is released. That being said, Yesterdays buy predictions have come along nicely overnight but not in my trading session, unfortunately. My main bias is undecided today, with buys above the current range at 1.079 or sells below...
I think the range of 1.083 is an important resistance and the bull can be rejected from here. If this resistance is broken, the price can go bullish to the next and higher range
Continuing on from last week I am maintaining the forecast of buys from 1.076 and 1.079, expecting the temporary pullback phase on EU to continue a little higher. With sells expected at 1.084 or below 1.07. The theme of last week was watching Dollar start to show some exhaustion at key price sensitivity area of 104.5. On the higher timeframe, the DXY is on a more...