Morgan Stanely has released what they call their top trade for 2024, and it is the exact opposite of Bank of America’s call. Analysts at Morgan Stanley think selling EUR/USD around the current level of 1.10 is the trade to make next year, with a target for the pair reaching parity by the end of the first quarter of 2024. This outlook relies on sustained economic...
After turning overbought on the 1D time-frame (RSI = 68.344, MACD = 0.008, ADX = 40.692) EURUSD made a HH at the top of the November Channel Up and got rejected. We expect a pullback all the way to at least the 4H MA50, and as it is confirmed by a MACD Bearish Cross, we are already short and targeting a little over the bottom of the Channel Up (TP = 1.08425). See...
Pair : EURUSD ( Euro / U.S Dollar ) Description : Impulse Correction Impulse , Completed " 123 " Impulsive Waves at Fibonacci Level - 61.80% or Daily Demand Zone and Rejecting with Strong Bearish Price Action with Divergence in RSI. If it Rejects then Sell after Retest Entry Precautions : Wait for the Breakout or Retracement
We have a strong resistance line at 1.09453 (13-Week High) and no strong support until the 1.0448. It means that we have a good risk:reward ratio for a sellers.
The EURUSD pair reacted extremely positively on the lower than expected U.S. CPI, naturally so and crossed over the 1D MA200 for the first time since September 1st. The 1D technical outlook is almost overbought (RSI = 69.156, MACD = 0.004, ADX = 16.674) and even though some relief pullback is to be expected, this rally should complete by the end of the month a...
We have a Wave 1 complete and Wave 2 is in formation as it's a retracement in Lower Degree. 6 Months Source Supply to Annual Destination Demand is the start and end points of the downtrend. Monthly Supply to short till the Annual Demand. ENJOY THE RIDE ! ! !
EURUSD hit all of our targets (charts at the bottom), made a HH at the top of the Channel Up but even though it crossed above the R1 level (1.07375) it failed to close over it and got rejected. The trend remains bullish on the medium term, as the 1D technical outlook suggests (RSI = 58.604, MACD = 0.001, ADX = 24.656) but we do expect a technical pullback to test...
EURUSD is neutral on the 1D timeframe (RSI = 52.933, MACD = -0.001, ADX = 25.234) as despite having made a clear bottom on October 3rd, a month has passed and still hasn't been able to close over the 1D MA50. In fact (including today), it has been rejected three times and despite crossing it, it failed to close the 1D candle above it. The two medium term rallies...
This is my idea about EURUSD 1H is it gonna make it again ?
EURUSD New forecast The EUR/USD pair is trading around support for the ascending corrective channel at 1.0540 , and trying to break it . because Breaking it will lead the price to head towards achieving further expected declines during the coming period, targeting visiting the 1.0496 level as the next aim. Therefore the downward trend scenario will be remain...
Looking at the charts on the weekly TF, price is attempting a retest on the previous support already broken. If it holds as a new found resistance we just might see price push lower on $EURUSD. For now, I'd rather wait to see the way price will choose to move. Key area in focus is 1.06964 Happy trading. Follow and like for more. Thanks Disclaimer: All trade...
EURUSD was rejected on the 1D MA50 and turned into a sell that hit our target and the bottom of the Channel Up. Now that 1D is neutral again technically (RSI = 48.387, MACD = -0.002, ADX = 24.654) and the 4H MACD formed a new Bullish Cross (every Channel Up bottom has been formed on one) we can buy again and aim for another +1.85% rise (TP = 1.07150). A crossing...
Weekly key level around $1.07. In long term EURUSD buyer seems like not so interested, as the choppy movements showing on H4. Minor resistance is so close between the H4 waves indicates weak buyer, the movements almost flat. Strong movements is when the price move rocketing steep no retracement with small "pause" which SMC trader usually called them as "rally base...
Pair : EURUSD ( Euro / U.S Dollar ) Description : Completed the Breakout of the Upper Trend Line of the Corrective Pattern " Bearish Channel " in LTF. It has Rejected the LL - LH Trend and started making HL - HH. It has Completed " abc " Corrective Wave and Break of Structure with Retracement Entry Precautions : Wait until it Completes the Retracement and Rejection
EURUSD turned bullish on the 1D timeframe (RSI = 56.634, MACD = -0.002, ADX = 25.303) as it made a major breakout by crossing above the LH trendline that originated on the July 18th High. The current short term Channel Up is about to test the 1D MA50 for the first time since August 11th. If it closes the 1D candle over it, we will buy and target the 1D MA200 (TP =...
EURUSD New forecast The euro versus the dollar pair continues to fluctuate between the pivotal levels represented by the support at 1.0550 and the resistance at 1.0631, which keeps our neutral position in place until now, and the price faces a conflict between technical factors that makes us wait for confirmation of the breach of one of the mentioned levels and...
EURUSD New forecast The price perfectly fulfills my last idea and price reached to our bullish target +25 pip . The euro/dollar pair traded positively yesterday, reaching the level of 1.0562, and we notice that the price has clearly lost its positive momentum, and is facing good resistance formed by the 50 moving average at the aforementioned level, which...
The trend is still strong downtrend, but maybe will make some correction from minor support to testing again the SNR zone. Buying side are still weak, too choppy candles movements on H1 but on H4 market structure broke the minor swing high (choch), even on M15 candles also printing weak buying. Trade counter the trend on higher time frame is always risky, so I'll...