There is a good drop potential at the indicated point. If you see signs of decline, proceed to sell
EUR/USD stays defensive around 1.0610-15 as bulls and bears jostle near the end of a volatile week, eyeing the first weekly loss in three despite the previous day’s bounce off a 10-week low. In doing so, the Euro pair struggles to extend the U-turn from a three-week-long support line, around 1.0515 by the press time, as the 50-bar Simple Moving Average (SMA)...
EUR-USD fell down sharply But now the pair is retesting a horizontal support From where a local rebound is likely to happen
EUR/USD (Euro – U.S. Dollar) plummeted on Wednesday on strong safe-haven flows, sinking more than 1% towards its lowest level in 2023, with risk assets coming under intense downward pressure as the U.S. banking turmoil spread to Europe, worsening Credit Suisse’s already fragile position, and igniting a $60 billion rout in the entire space. For context, Credit...
The MACD has shown trend continuation divergence (A.K.A "Hidden Divergence"). After the price action found footing at that pivotal zone (1.0550 - 1.0600), the Bulls appear to be gaining some strength. We have a strong gap to fill around 1.0640 but we'll have to see what happens during CPI numbers tomorrow morning. Based off of the longer term time frames,...
#EURUSD - As of last day, the MARKET SENTIMENT for EUR was slightly on the DOWN SIDE. The main reason for that is that the dollar started getting stronger because of the short-term POSITIVE SENTIMENT for the dollar. Because it came with the NFP REPORT. The dollar weakened slightly after the FOMC last time. But the FED can raise the RATE HIKE or their CEILING...
TO UPDATE OUR ANALYSIS FOR EURUSD: Just to follow previous trading idea what we see is clear and understandble totally, dont make it complicated, we made huge liquidity by making HHs and HLs, what we expect now still we are in bullish move, but we seeking to see price for more lower areas, as I highlighted different demand zones, you have to keep eyes...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EUR/USD is flat on the day so far and trading near 1.0742 and staying within a range of 1.0725 and 1.0742. Overnight, banking stocks surged back and bonds and interest rate futures despite the collapse of some US banks over the past few days. Instead, fears of contagion in the U.S. banking system have reduced and the US Dollar has found its footing...
Hello guys it’s been a been a while, I’m currently back on dropping analysis, so we are looking on buying eurusd on 148 pips moves, though EURUSD is actually a long Buy moves of about 200 pips plus but we are looking to take profits on 148 pips. So let’s patiently wait for a proper confirmation and for price to tap into our buy zone then wait for candle stick...
In a complete U-turn from its reaction to hawkish Powell testimony last week, markets today struggle to price one further 25bp hike from the Fed. This is a far cry from the +75-100bp of extra tightening seen last week. The re-pricing of the Fed is understandable as US authorities struggle to put a floor under the evolving banking crisis. Indeed, the KBW regional...
EUR/USD 1.0590 target in a 61.8% Fibonacci retracement for the day ahead. On the other hand, a continuation towards 1.0770s could just as easily play out. EUR/USD has opened with a large gap in the open and is trading around 1.0680 after closing on Friday at 1.0639 after a mixed Nonfarm Payrolls report triggered a sell-off in the US Dollar. However, as analysts...
Technical analysis of the EURUSD on the 4-hour chart = The analysis is based on trend analysis, support and resistance analysis, and the Dow Laws = With the opening of the market, it will fall to complete the successful Dow swing pattern from below, then it will return to rise to pass the downtrend = The targets are set in a row, buying and selling
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
The U.S. dollar, as measured by the DXY index, pulled back modestly on Thursday but remained near three-month highs, in a session characterized by wild swings across asset classes and a sharp retreat in U.S. bond yields, ahead of the U.S. nonfarm payrolls report slated to be released Friday morning. The February employment survey is forecast to show a downshift...
This is the 30-minute chart of EURUSD, where I've marked the resistance zone and strong resistance level, as well as the entry points. The overall trend today is bullish, with the first step being to see if the resistance zone can be broken. If it can, we'll look to the strong resistance level for our next target. If it can't be broken, we can enter a short...
Yesterday's trading saw all three take-profit points hit, and the current market is now at a crucial support level. After yesterday's sharp decline, the market needs some time to consolidate before resuming the game. For today's trading, we will first go long at the lower levels and then formulate a new strategy based on the situation after rebounding to the...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.