EURUSD continues to be a non-traded instrument this week. It broke above 1.0950 yesterday but did not provide an entry opportunity. While it is below the previous high of 1.1000 we are looking at a downside option. Important news is coming today and tomorrow that will influence and confirm the next move here. During this time we continue to trade the JPY crosses!
EURUSD is trading inside a 6 month Channel Up. The recent rebound on the MA50 (1d) has confirmed the start of the 2nd part of the bullish leg that started at the bottom of the Channel Up on May 31st. This is in similar fashion as the March 24th rebound. Trading Plan: 1. Buy on the current market price. Targets: 1. 1.11400 (top of the Channel Up on the 1.382...
We're seeing price test a major support level at 1.5907. We really like this level because it has an overlap support, 100% Fibonacci projection, 61.8% short term fibonacci retracement and 38.2% long term fibonacci retracement. A bounce from here could see prices rise to test the 1.6122 resistance level. Please be advised that the information presented on...
This expectation is a framework to look for a potential trading setup; I don't just execute based on these levels, I always wait for confirmations on lower timeframes This Analysis was done using my complete Strategy which includes: - Smart Money Concepts - Multi Timeframe Liquidity and Market Structure - Supply And Demand - Auction Theory - Volume Analysis -...
Hey Traders! I believe this could be a good buy for the following reasons: - The current price is above the monthly pivot level - Strong bullish engulfing candlestick 4h close - Strong break of 20 moving average - Overall market direction is bullish - Likely going to re-test the previous psychological level, if broken will go further - EUR & NZD are...
Price likely moving within a triangle pattern. I am personally biased towards downside since there's a huge rejections on this area. However, it could continue going up to keep on the triangle pattern. If you're going for a short, look for a proper reversal sign to enter. Good luck.
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.86200 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.86200 support and resistance zone. Trade safe, Joe.
Currency Markets on UK Recession Watch - There has been high volatility in the Pound to Euro (GBP/EUR) exchange rate during the past week. GBP/EUR posted a fresh 9-month best conversion at 1.1735 early in the week before a slide to below 1.1600 after the Bank of England (BoE) policy decision. Weaker than-expected Euro-Zone data helped strengthen GBP/EUR to...
More hawkish global central bank policy actions have increased reservations over the global economy and the latest Euro-Zone data was also significantly weaker than expected. Weaker risk conditions will also tend to weaken the Euro, especially with scope for defensive dollar demand. In this context, confidence in the global economy will need to rebound for...
Hey Traders! 👋 For Day 39/100 of our challenge, we will look at EURGBP short idea and how we can trade the range Technicals: - Prior to range, structure was bearish - Strongly rejected 0.863 key level - Now retesting middle limit pivot area - 79% retracement rejected as well - Expecting the fill of range bottom at 0.852 Fundamentals: 🇪🇺 Despite ECB remaining...
EURUSD holding above 1,0900 but there is no change in expectations. We will watch how it reacts from 1,0950 and weather it manages to test the previous low and the levels around 1,0800. We are not considering sells on this stage and we’re targeting JPY crosses for additional opportunities.
SLO @ 1.6760 ⏳ TP4 @ 1.6050 (closing ALL Buy Orders) TP3 @ 1.5185 (shaving 25%) TP2 @ 1.4625 (shaving 25%) TP1 @ 1.3815 (shaving 25%) BLO @ 1.3025 📈
SLO @ 1.6760 ⏳ TP4 @ 1.6050 (closing ALL Buy Orders) TP3 @ 1.5185 (shaving 25%) TP2 @ 1.4625 (shaving 25%) TP1 @ 1.3815 (shaving 25%) 💰 +1600 pips BLO3 @ 1.4360 ⏳ (add-on) BLO2 @ 1.4315 ⏳ (add-on) BLO1 @ 1.3025 📈 +1324 pips In anticipation of price action pulling back, I've set two new Buy Orders (see above).
EURCHF - 24h expiry Bespoke support is located at 0.9755. Previous resistance at 0.9755 now becomes support. 0.9750 continues to hold back the bears. We look to buy dips. Daily signals are mildly bullish. We look to Buy at 0.9754 (stop at 0.9730) Our profit targets will be 0.9814 and 0.9824 Resistance: 0.9780 / 0.9795 / 0.9815 Support: 0.9765 / 0.9750 /...
On Friday we saw a decline which we look as a correction of the rise to 1,0634. During this week we will watch for ending of the correction and buys opportunity. The goal will be passing above 1,1000 and heading towards 1,1080. Key support area are the levels around 1,0780.
Currency Markets on UK Recession Watch - There has been high volatility in the Pound to Euro (GBP/EUR) exchange rate during the past week. GBP/EUR posted a fresh 9-month best conversion at 1.1735 early in the week before a slide to below 1.1600 after the Bank of England (BoE) policy decision. Weaker than-expected Euro-Zone data helped strengthen GBP/EUR to...
Foreign exchange strategists across global financial institutions have been setting out their predictions for the future performance of the EUR/USD, presenting an amalgamation of analyses that span from modestly optimistic to overly bearish. Euro-Dollar rate predictions are pinned upon factors ranging from central bank decisions, inflation metrics, and global...
2023-2024 exchange rate forecasts from Nordea As far as Federal Reserve policy is concerned, Nordea has revised its forecasts and now expects that there will be two further rate hikes with a 25 basis-point hike in July and another hike in the Autumn. It also expects that the Fed will be slower to cut rates and adds; “The sticky core inflation picture and the...