EUR/USD Analysis: Targeting a breakout to the downside? The EUR/USD currency pair seems poised for a technical breakout. Analysing the 8-hour chart reveals a consolidation phase since the start of the year, following a decline below 1.1000, with this mark acting as a resistance level on two occasions since then. Currently, EUR/USD is resembling a...
EURUSD is neutral on all high timeframes with our focus on this analysis in particular being on the 1M timeframe (RSI = 51.643, MACD = -0.007, ADX = 25.957). The reason is because we want to keep ourselves aware of what the underlying long term trend is. And based on the 1M RSI it is bearish, as the indicator shows a peak. It is the same peak that for the last 10...
Pair : EURUSD ( Euro / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves at Previous Strong Resistance and making its " A - wxy " Corrective Wave. Bullish Channel as an Corrective Pattern in Long Time Frame and Consolidation Phase in Short Time Frame , Wait for the Breakout and Retracement
We can see that the EURUSD has traded into a strong resistance level after a bullish rally. In the video we take a quick look at the trend, market structure, price action and we discuss a possible trade idea. As always this is not to be construed as financial advice.
EURUSD will most likely close flat today, a price action which is accurately depicted on the neutral 1D technicals (RSI = 51.556, MACD = 0.003, ADX = 38.804). On a wider horizon, this neutrality is a technical consolidation before the next phase of the bearish wave that started on the December 28th High. This chart shows that the whole 2023 has been a Channel Down...
EUR/USD stays on the back foot and trades in negative territory below 1.0950 early Friday. Eurozone inflation data and the US jobs report for December, which will inlcude Nonfarm Payrolls and wage inflation figures, will be watched closely by investors. EURUSD BUY NOW 1.09165 CONFIRM TARGET 1.09973
Dear Traders, Happy Holidays, EURUSD recently had some short of correction and now there is sign that price may push towards 1.1200 price area before the NFP next week. A proper risk managed entry can give you around 150 pips. good luck and trade safe: all the best for new year 2024 , may this year fulfil all your trading goals.
EURUSD is about to turn neutral again on its 4H technical outlook (RSI = 55.947, MACD = 0.003, ADX = 54.703) as the uptrend got rejected today near the top of the two month Channel Up. As the 1D RSI is forming the same Bearish Divergence as the November 28th HH, we turn to selling again as this is technically the Bearish Wave of the Channel Up. The previous HL...
EUR/USD currency pair is exhibiting a bullish trend Presently 1.10560 and we are aiming the bullish trend however the dx is still on declind at 101.390 and expected to reach 100.90 the lower high supply zone area. if 1.1075-1.1085 lower high resistances are broken next target will be 1.1220.personally i expect Eurusd will be on long run.
EURUSD has liquidity at 1.1065 price level and, also we are at the end of wave 5 expecting a dump from the trendlines
I anticipate EURUSD to wait for a decline in selling pressure and for the price to enter a demand zone, providing an opportunity for an upward buy. Currently, my focus lies on the two 5-hour demand zones that triggered the recent CHOCH. This bias is more favorable as it aligns with the existing bullish trend in the EURUSD market. Despite my overall bearish...
EURUSD is technicall bullish on the 4H outlook (RSI = 59.390, MACD = 0.002, ADX = 51.118) but had a Double Top rejection on the R1 level (1.10200) on Thursday and is pulling back. The 4H MACD Bearish Cross is validation of the the short signal and the immediate target is the HL trend-line (TP = 1.07850). If the price crosses under the S1 level (1.07250), we will...
Dear Traders, After the NFP data, it came out to be mixed new while number of jobless claimed released higher than expected and previous month data. We are expecting price to breakthrough the trend line and we can maximize 200 pips or more. thanks for your support throughout it means a lot ;)
Hey Everyone, DXY will be volatile this week due to NFP and other strong data coming out from Wednesday to Friday market will be too volatile and keeping that fact in mind we think EURUSD may be bearish. Wait for price to come to red designated area so that we can enter short there. Once entered keep stop loss small and to you risk management. Target will be...
Pair : EURUSD ( Euro / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves and " a " Corrective Waves. Rejected from Daily Demand Zone. Strong Divergence in RSI. Making its " B " Corrective Wave that will completed at Previous Resistance or Fibonacci Level - 61.80% Entry Precaution : Wait for the Proper Rejection
EURUSD is neutral on the 1D timeframe (RSI = 45.323, MACD = 0.002, ADX = 35.660), trapped inside the 1D MA200 and 1D MA50. We have grasped the bearish momentum ever since before the November 29th High, which as you see in the past ideas at the end, gave us the best short entry possible. Now with the Fibonacci retracement levels of the eleven month Channel Down...
EURUSD crossed yesterday under the 4H MA50 for the first time in 1 month and naturally turned the 4H technical outlook bearish (RSI = 35.006, MACD = -0.002, ADX = 40.444). Combined with the Bearish Cross on the 1D timeframe, this is a medium term sell signal. This combination has taken place before inside 2023 another two times and on both, the 4H MA200 wasn't...
The EUR/USD currency pair is poised for significant developments in light of upcoming news and signals from the Federal Reserve indicating the possibility of interest rate reductions. This suggests that there could be notable shifts in the exchange rate between the Euro and the US Dollar in response to these factors.