BEARISH MOVEMENT ON THE MAKINGFX:EURUSD This might be a good bearish movement in the making, as it has broken previous uptrend and making the move to retest and keep falling...Shortby GutierrezJulio0
The latest analysis and advice, hope to help youHello, trader. The euro has extended its losses on Friday. EUR/USD is trading at 1.0675 in the European session, down 0.59% on the day. The euro is down 1.17% this week and has dropped to its lowest level since May 1st. Down 0.59% on the day. The euro is down 1.17% This week and has dropped to its lowest level since May 1st. France’s inflation level fell to zero in May, confirming the preliminary estimate and down from the 0.5% gain in April. France is the eurozone's second-largest economy and the downtrend in inflation will be welcome news to the European Central Bank. The central bank delivered a rate cut last week, the first since its rate-tightening cycle began two years ago. ECB policymakers will be closely monitoring inflation data and could consider another cut in the fall if inflation continues to decline towards the 2% target. Eurozone inflation rose 2.4% in April, unchanged from March. ECB President Lagarde speaks at an event in Croatia later on Friday and investors will be looking for hints as to the ECB’s planned rate path. Another cut in July is unlikely but a signal from Lagarde that additional rate cuts are one the table could boost the euro. In the US, the producer price index rose 0.2%, below the April reading of 0.5% and lower than the market estimate of 0.1%. Yearly, PPI ticked lower to 2.2%, below the April reading of 0.5% and lower than the market estimate of 0.1%. Yearly, PPI ticked lower to 2.2%, down from a revised 2.3% in March and below the market estimate of 2.5%. Down from a revised 2.3% in March and below the market estimate of 2.5%. The soft PPI data follows the May CPI report which also showed that inflation on the decline. The downtrend in these two inflation reports have raised expectations of a September rate cut, with a 61% of a quarter-point cut currently, compared to 46% just a week ago, according to CME’s FedWatch. EUR/USD pushed below support at 1.0709 and is testing support at 1.0679. Below, there is support at 1.0629. Eur /USD pushed below support at 1.0709 and is testing support at 1.0679. Below, there is support at 1.0629 1.0763 and 1.0793 are the next resistance linesby Machine-traderUpdated 0
reflecting on 2 year milestoneWell, its been two years now,not profitable but the bleeding has definately been stopped. hovering around the break even zone for what feels like eternity,started in futures with the minis right out of the gate and got handled,never tracked anything,never journaled,what I did do right was stick to my strategy.with the exception of two or three really bad "revenge trade" episodes that ended in big losses i stuck to the plan. in an effort to minimize risk i switched to forex, $1 risk sounded alot better than $10 to me.and it was. i'm still trading forex. i stick to eur/usd and aud/nzd because the two have little effect on each other.the amount of technical analysis i've absorbed over the last 2 years is extensive but hands down, the most improvement has come in the emotional side of things,the psychology. i do track my trades now and i do have some technical rules for entry but other than that my strat is still pretty much the same as it was. what i dont do is force a trade every day.i dont go on diatribes when i lose about how "rigged"this whole game is,and it is rigged. but its winnable. i no longer watch youtube videos and call it studying, i study candles now.i look at last weeks price action,i review every trade,i used to trade on a 1 min chart. these days the 1hr feels to fast for me.I still enjoy trading but in a very different way than in the beginning..the thrill of rolling the dice is gone and has been replaced with a cold determination to see this through,properly, to the end. if theres an idea in here i guess its this. Dont give up,Get betterEducationby unusualsuspects0
Counter Pullback & Continuation: Trading the Recent Supply ZoneIn this trade idea, I plan to execute a counter-pullback strategy followed by a continuation move once the price reaches the recent supply zone. I'll look for bearish signals to enter a short position, manage risk with a stop-loss above the zone, and target profit levels at previous support points. This approach aims to capitalize on expected selling pressure and downward momentum.by fxtrends280
Posting verification I will publish here, daily materials accompanying my trading actions. If you believe that the main event in the market is the formation of the current momentum and you trade and not watch the price treading on the place for days, then you will fit what will be published here. by syomking764181
#EURUSD - 17062024I was bearish EURUSD on Friday and we got a nice 60pips sell down without pullback, hitting our price target at 1.0680 before rebounding. Weekly price is bearish, indicating further downside this week but near term price action indicate possible up first. Looking for a possible move re-test and rejection off 1.0740 for a move down to 1.0628. Daily close below 1.0628 could see further downside to 1.0563. Conversely, a break below 1.0700 and re-test and rejection off the level is another short setup for the move lower.by FadeMeIfYouCan0
USD-CHF Very Risky Long! Buy! Hello,Traders! USD-CHF is retesting a Horizontal support level Of 0.88827 and as we Are already seeing a bullish Rebound we will be expecting Some local growth Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals111
EUR/USD analysis, ups and downs, trends and strategiesHello traders Today, the EURUSD market is sensitive to news regarding the monetary policies of the Fed and the European Central Bank (ECB), along with key economic indicators such as employment data, industrial production, and inflation from major economies. The currency pair has struggled to surpass a critical resistance level around 1.1400 and is testing support around 1.1200. Technically, the MACD indicator is in negative territory, indicating potential selling pressure. The 50-day moving average has crossed below the 200-day moving average, signaling a potential downtrend. The RSI is below 50, suggesting underlying imbalance and potential further decline in the short term. It is anticipated that if EURUSD fails to hold above the support level at 1.1200, the currency pair could continue to decline towards 1.1100 and even 1.1000 in the coming week.by Market-HarvesterUpdated 1
GBPUSD: The currency pair is in bearish hands. Falling further?GBPUSD closes the week and Friday afternoon session below the key level of 1.2686. Accordingly, the market is in the hands of sellers and bears. From the opening of the session, the fight for space may continue. A pullback to the liquidity area of 1.2715 - 1.2345 may be formed, further it is worth paying attention to the support retest, which will increase the chances of a breakout and further decline Strategy: If the price immediately begins to consolidate below the level, then further only decline to 1.264 - 1.259. If the price starts to form a pullback from the opening of the session, it means that the market maker went for liquidity. We are waiting for a retest of the support at 1.268 and further downward breakout. Shortby Gold-Tech0
GBPUSD IS IN BULLISH TREND GBPUSD is in bullish trend it moving in chenal and printing false breakout Fundamental: DXY : Bearish ( droping more faster then BXY) BXY : Bearish Technical : Moving in chenal showing false breakout. Trade Plane Entry: 1.26747 Stop Loss : 1.26291 TP1: 1.27715 TP2: 1.28600Longby rizwanahmed06030
Charts for next week.GBP/USD remains under some selling pressure on Friday, though lacks follow-through. The uncertainty over the Fed’s rate-cut path should cap the USD and offer support. The mixed technical setup further warrants caution before placing directional bets. The GBP/USD pair trades with a negative bias for the second straight day on Friday, albeit manages to hold its neck above the previous day's swing low. Spot prices currently hover around the mid-1.2700s and seem poised to register modest weekly gains amid subdued US Dollar (USD) price action. Against the backdrop of the Federal Reserve's (Fed) hawkish stance, the emergence of fresh selling around the Japanese Yen (JPY), triggered by the Bank of Japan's (BoJ) inaction, lends some support to the USD and weighs on the GBP/USD pair. That said, signs of easing inflationary pressures in the US keep hopes alive for a September Fed rate cut, which should cap the USD and act as a tailwind for the currency pair. by EZIO-FX0
Charts for next weekThe EUR/USD pair trades on a flat note around 1.0735 on Friday during the early Asian trading hours. The upside of the pair might be limited amid the uncertainty surrounding European parliamentary elections. Investors will take more cues from the ECB’s Christine Lagarde speech and the preliminary US Michigan Consumer Sentiment report for June. The European Parliament election revealed fault lines in several member states. In France, after a defeat by the far-right National Rally, President Emmanuel Macron has dissolved parliament and has called a snap election, risking a far-right rise in the country's parliament, according to the European Council on foreign relations website. by EZIO-FX0
Backtesting vol.1Come watch how the market completely can completely destroy your account and why it is important to use a stop loss in your trading. If you found this video helpful or you learned something new give it a like and share it for me!Education20:00by GMthepipgod0
Short BUY for Eurusd on MondayWe might see a little short buy on Eurusd during the London session tommorow .. From the price of 1.06900 ,a bullish move might begin and get exhausted possibly at the price of 1.07500.Longby Joshforexx0
EUR JPY- Long Set UpLooks like a short term reversal on 1H TF. Will market buy at current price 168.525 Entry - 168.525 Stoploss - 167.647 TP-1 - 169.400 TP-2 - 170.268 #Trading #Technical #Crypto #Stocks #commodities Longby BullBearBTC10
Eurusd daily range of 13 pips with range of 10 - 80 pips day Over 23 days, there were ups and downs but eurusd ranged and moved from 1.0601 to 1.0894 or 0.0293 or 2.76%. Daily average is around 0.0013 or 0.12%. Then again, there were days where it moved 70 to 80 pips and some days 10 to 20 pips with some moves cancelling each other out.Shortby kailevel0
70 to 85 pips - H4 MoveDespite daily average of 14 pips move as observed from weekly chart, there were big relative moves of 70 to 85 pips. Though they cancel each other out and nett 14 pips.Shortby kailevel0
Ranging eurusd - 14 pips a day - weekly chartIn 12 weeks, the move was from 1.0448 to 1.1139 or 0.0691. On average, it was ranging and it moved 0.0057 per week or 0.0014 per day or 14 pips a day.Shortby kailevel0
AUDCAD Analysis: Bearish Reversal AnticipatedAfter a sustained bullish trend, I have identified a notable bearish formation on the AUDCAD chart. Key technical indicators and chart patterns are signaling a potential market reversal to bearish. This could present a promising opportunity for traders to capitalize on the expected downward movement. Stay tuned for more detailed analysis and updates!Shortby forexNetwork100
Expect sell on euAm expecting price to get to the IRL of the BRP. Then we target sells to the ssl @1.06495 by miraclealexx0
NZD/SGD LongA retrace downward would form an inverse head and shoulders pattern and coincide with a support level, a channel mid-point, and the 200 period daily moving average.Longby InvestNT0
EURUSD M30 IdeaPotential for a bearish pullback on the EURUSD M45 which could lead to a price movement towards the support level at 1.06800Shortby GOLDFXCC0