EURUSDEURUSD has just wiped out the SELL-SIDE-LIQUIDITY and the previous weekly low now heading for those double tops and the previous weekly highLongby BigBenCapitals118
Lingrid | EURUSD NFP Day May LEAD to BREAKOUTThe market has been anticipating the NFP release since Tuesday, and it has been stuck in a consolidation zone. FX:EURUSD is trading around the highs of the last three weeks. A closer look at the weekly chart reveals that the price took out liquidity above those highs, only to pull back and form a fake breakout. If the market rejects this resistance zone, we can expect a downward move. However, if the price breaks and closes above this strong resistance area, we may see a further upward move, potentially reaching 1.1000. Given the current consolidation just below the resistance, I'm inclined to think that the market might be building up for an upside breakout. I expect a spike down followed by a bullish move. It's worth noting that today's NFP release could send the market in any direction. My target is the resistance level at 1.093000. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻Longby Lingrid2211
top down E/U 07/06/24top down analysis using SMC made live for you so that eventually you can also understand how i operate on live markets if you want to know how i enter trades or how i see a certain asset just follow me, message me and i will most likely do a custom video for you. 07:38by tommasomariacomini1
Is the euro entering a correction phase?📊 Due to the decrease in the upward momentum of the price movement, if the range of 1.0870 units is broken and the price stabilizes below it, the price may fall to the range of 1.0840 units🎯, and in the case of the strength of the range of 1.0780 units🎯🎯. 📊 Otherwise, the possibility of price increase up to the range of 1.0950 units.Shortby arongroups8
EUR/USD Edges Higher as Market Awaits ECB MeetingThe EUR/USD currency pair edged higher, trading in a narrow range around the 1.0760 level. Slight Increase in US Treasury Yields The yield on the 10-year US Treasury note rose slightly from 3.22% to 3.23%, providing some support for the USD. Mixed Economic Data The US ISM Services PMI for May rose slightly from 56.2 to 56.3, indicating signs of economic recovery. The Eurozone PMI Services for May also rose slightly from 53.9 to 54.1, suggesting stability in the economy. Investors Cautious Ahead of ECB Meeting Investors are cautious ahead of the European Central Bank (ECB) meeting on June 21, 2024, expecting the ECB to take supportive measures for the economy amid high inflation. Market Outlook According to analysts, the EUR/USD market may continue to trade in a narrow range in the near term, awaiting the outcome of the ECB meeting. Recommendation Investors should closely monitor market developments and economic news to make informed trading decisions. by Rena_Potter3
ECB Expected to Cut Rates for the First Time Since 2019ECB Expected to Cut Rates for the First Time Since 2019 Two years ago, the European Central Bank (ECB) was criticized for being late to the party when the world’s major central banks began raising interest rates to combat the fiercest inflation surge in a generation. But it looks like the central bank won’t be late when it comes to cutting them. The European Central Bank is expected to cut interest rates at its June 6 meeting, as widely signaled in recent weeks by its policymakers. This will mark the first cut since March 2016 for both the main refinancing operations rate and the marginal lending rate. For the deposit rate, it will be the first reduction since September 2019. Will the ECB continue to cut rates after June? Despite the widely anticipated rate cut in June, recent remarks from ECB officials suggest there will be no pre-commitment to future cuts afterward. Data released on Friday showed that headline and core inflation (excluding volatile food and energy prices) both accelerated more than expected in May. Eurozone inflation also edged higher in the same month, reaching 2.6% above the expected 2.5%, while core inflation rose to 2.9% from 2.7% in April. Figure 1: Eurozone: Key interest rate and inflation over five years, Source: Morning Star Money markets are currently pricing in 43 basis points of ECB cuts by September and approximately 60 basis points by the end of the year. As a result, market expectations are caught between predicting 2-3 ECB rate cuts in 2024. Figure 2: Traders slash ECB rate cut bets, Source: Reuters traders will listen carefully to Lagarde's press conference and the ECB staff's new macroeconomic forecasts, looking for signals on the pace of rate cuts after June and, in particular, a possible second cut at the July 18 meeting Will the ECB Cut Before the Fed? Also, weighing on the ECB's move in June is the possible divergence from the Fed. The Federal Reserve is expected to delay rate cuts, and the market no longer anticipates a cut in July. This could widen the rate differential between the US and Europe, potentially causing funds to flow to the US and weakening the euro. The ECB institution has repeatedly said in recent months that it is independent of the US central bank, but economists are debating how far monetary policies on both sides of the ocean can really diverge. Analysts explain that a sharp divergence could weaken the single currency against the dollar, with potential upside risk to inflation forcing the ECB to become more cautious. The content published above has been prepared by CFI for informational purposes only and should not be considered as investment advice. Any view expressed does not constitute a personal recommendation or solicitation to buy or sell. The information provided does not have regard to the specific investment objectives, financial situation, and needs of any specific person who may receive it, and is not held out as independent investment research and may have been acted upon by persons connected with CFI. Market data is derived from independent sources believed to be reliable, however, CFl makes no guarantee of its accuracy or completeness, and accepts no responsibility for any consequence of its use by recipients. by CFI3
EURUSD continues the journey to rise!The US Dollar (USD) saw a slight uptick in trading on Tuesday, putting some mild downward pressure on risk-related assets and causing EUR/USD to retreat from its earlier high above 1.0900, which was the highest level in several weeks. Looking ahead, the initial recovery in some fundamental economic factors in the Eurozone, coupled with the slowing momentum of the US economy, is narrowing the monetary policy gap between the Fed and the ECB, supporting the EUR/USD rebound.by Alexander_BennettUpdated 141467
EUR USD - PRICE HAS TO CLEAR FVG POINT AT DOWN SIDE EUR USD HERE we can see that price created a up trend line nd also created fvg point, now price has to clear fvg point at down side, make a short entry to marked price line, follow for more live updates...Shortby FOREX_TRADER_007Updated 7711
EURUSD: First red dayHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” 1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion) Monday DAY 1 Opening Range Tuesday DAY 2 Initial Balance Wednesday DAY 3 (reset DAY 1) Mid Point Week ✅ no cycle Thursday DAY 2 Friday DAY 3 Closing Range 2. SIGNAL DAY First Red Day ✅ First Green Day 3 Days Long Breakout 3 Days Short Breakout Inside Day 3. WEEKLY TEMPLATE Pump&Dump ✅ Dump&Pump Frontside Backside ✅ 4. THESIS: Long: secondary, price currently consolidating close to the previous LOD, after the start of dump of yesterday. A buy low setup would probably lead to a scalping back to the HOW, where short traders are temporarily in profit. Short: Primary , weekly template of pump and dump scenario, first red day signal, I will be looking to scale in a sell high setup potentially back down into the LOW Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement. Gianni Shortby GianniPichicheroUpdated 7
Brilliant Basics - Part 3: Harnessing the Power of Moving AveragWelcome to the third instalment of our Brilliant Basics series, where we help you achieve consistency and discipline in foundational concepts that create a platform for long-term success. Today, we’re harnessing the power of moving averages. We will explore how to use them effectively and consistently to enhance your trading. Moving Averages: Momentum Versus Mean Reversion Moving averages are a beautifully simple and robust indicator that can be used to gauge a market’s level of momentum and its level of mean reversion. Momentum: Simply by looking at where the price is in relation to a moving average, and the slope of the moving average can tell you a lot about a market’s momentum. Is the price above or below the moving average? How far away from the moving average is the price? Is the slope of the moving average rising or falling? These simple observations can be used to construct robust and objective rule sets for defining trade entries and trade exits. Example: In the below example of the S&P 500’s daily candle chart, we can see that the 9-period exponential moving average (EMA) is sloping higher and moving away from the 21 EMA – signalling a market with strong momentum. However, the price is now quite far from both moving averages – indicating that the market could be vulnerable to profit-taking. Past performance is not a reliable indicator of future results Mean Reversion: When a market is trending, it cycles from periods of momentum to mean reversion. Moving averages provide a dynamic benchmark for how far the price has pulled back from trend highs. Example: Sticking with the same market as used in our momentum example, we can see that the market has cycled from its momentum phase to its mean reversion phase – pulling back towards the 21 EMA Past performance is not a reliable indicator of future results Selecting the Right Moving Averages for Your Trading Style Different trading styles require different moving average settings to effectively capture market movements. Here’s how you can choose the right settings for your approach: Position Trading: Daily Simple Moving Averages (SMA’s) For position traders who hold trades for weeks or months, the 200 SMA and 50 SMA are essential tools. These moving averages provide a broad view of the market's direction and help identify long-term trends. Past performance is not a reliable indicator of future results Swing Trading: Daily Exponential Moving Averages (EMA’s) Swing traders, who typically hold trades for 2-5 days, benefit from the more responsive nature of EMAs. The 21 EMA and 9 EMA are popular choices, allowing traders to capture shorter-term price movements and react quickly to market changes. Past performance is not a reliable indicator of future results Day Trading: 5-Minute EMA’s and VWAP Day traders need even more sensitivity to price movements. Using 5-minute EMAs along with the Volume Weighted Average Price (VWAP) provides an excellent framework for intraday trading. The VWAP, in particular, helps day traders identify the average price over a trading session, factoring in volume, which is crucial for short-term decision-making. Past performance is not a reliable indicator of future results 3 Steps to Harness the Power of Moving Averages 1. Be Consistent: Use the same moving average settings consistently across your analyses. Consistency ensures that you build a reliable and repeatable process for making trading decisions. 2. Target Pullback Zones: Moving averages act as dynamic support and resistance levels. Target these zones for potential entry points in the direction of the trend. For example, in an uptrend, look for buying opportunities when the price pulls back to the moving average. 3. Combine with Price Patterns: Enhance the effectiveness of moving averages by combining them with price patterns. Patterns such as flags, pennants, and double bottoms can provide additional confirmation for trade entries and exits. Example: In this swing trading example, notice how EUR/USD pulls back to the upward sloping moving averages. When price does this, the confluence of the moving average and a simple price pattern can provide a strong signal for entering a long trade. Past performance is not a reliable indicator of future results Summary Moving averages are an indispensable tool in a trader’s arsenal, offering insights into both momentum and mean reversion. By selecting the right moving averages for your trading style and consistently applying them, you can significantly enhance your analysis. In our penultimate instalment, Part 4, we will delve into Multi-Timeframe Analysis , helping you understand how to align strategies across different timeframes for more robust trading decisions. Stay tuned! Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.84% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. Educationby Capitalcom6
E/U top down analysis 05/06/24top down analysis using SMC made live for you so that eventually you can also understand how i operate on live markets if you want to know how i enter trades or how i see a certain asset just follow me, message me and i will most likely do a custom video for you.07:57by tommasomariacomini1
Demand for EUR/USD buyers is increasing Examining the trend in the four-hour time frame, EUR/USD has broken the resistance range of the ceiling of the first downward channel to the upside, and now there is a possibility of a price increase due to the rising averages of the Alligator indicator. In general, this scenario is strengthened that EUR/USD can reach the resistance of the ceiling of the second ascending channel in the 141.1% Fibo range at $1.0931, provided that it stays above the support interval in the range of 1.0867-1.0859. increase in price.Longby arongroups3
EURUSD - Short- Bullish Trend with Parallel Channel - expected to go down and respect Fibb Levels Shortby rehmanrafique3
You should still prioritize buying EURUSDHello dear friends! That's the end of another trading week! Let's recap the markets from last week and discuss our new plan for next week, shall we? On the previous 1D timeframe we saw the trend change and the market quickly tested the 1.0900 high. But! Unfortunately in the uptrend it is in a consolidation correction above the downtrend resistance level. Confirmation of the trend change would be consolidation above the 1.0750 price level. By observing the chart, we can clearly see EUR/USD reached the 0.618 Fibonacci retracement level and found support there, with the 34 and 89 EMA converging at this support level. Therefore, in the near future, I still prioritize buying according to the trend. It is expected that this increase will reach 1.1079Longby IAm_RyderUpdated 8838
Buyers' demand for euros is decreasingBy examining the trend in the four-hour EURUSD time frame, provided that there is no closing of the four-hour candle time above the resistance range of 1.0787-1.0867, the price can decrease to the support of the lower level of the Andrews fork in the 127.2% Fibo range at $1.0763. haveShortby arongroups2211
EURUSD - 4hrs ( Buy Trade Target Range 240 PIP ) ☑️Pair Name : EUR/USD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ 🛡 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🔗 Key Technical / Direction ( Long ) Type : Mid Term Swing ——————————— Bullish Break 1.09000 Area Reasons - Major Turn level / D - Visible Range Lvn - Pattern Target - Fibo Golden Zone - Fixed Range Hvn - Choch Zone - Weekly + Daily High Bearish Reversal 1.11400 Area Reasons - Major Turn level / D - Visible Range Lvn - Pattern Target - Major choch Zone - Fibo Golden - Quarter's Area Longby GoldenEngine33255
EURUSD: Buy the 4H MA50 pullback and sell at the top.EURUSD is bullish on its 1D technical outlook (RSI = 63.032, MACD = 0.002, ADX = 27.518) and on 4H it is attempting a closing above the R1 level. On the short term we have a Channel Up that will validate the new Bullish Leg if we close a 4H candle over the R1 level. If that happens, we will buy the first pullback to the 4H MA50 and aim for a +1.43% from the latest Low (TP = 1.09400), exactly what took place on April 26th. In the same manner, we will short then and aim for the 4H MA200 (TP = 1.08500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##by InvestingScope7
DeGRAM | EURUSD reduction on the return to the channelEURUSD has dipped under dynamic support and is now trading under resistance coinciding with the 50% retracement level. The chart has descended into the descending channel. We think that the price will continue to decline after retesting the upper boundary of the channel. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Shortby DeGRAM4411
EURUSD Short Possibility!The pair is currently correcting downwards, and as indicated on the chart, we can expect the E Wave to hit the 0.382, 0.5 or 0.618 Fibonacci levels at 1.07845, 1.07494, 1.07143, respectively. Shortby BabakrUpdated 2
EUR/USD Day Trading Analysis With Volume ProfileOn EUR/USD , it's nice to see a strong buying reaction at the price of 1.08240. There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again. Strong uptrend and high volume cluster are the main reasons for my decision to go long on this trade. Happy trading Daleby Trader_Dale5
EUR/USD Analysis Amid Geopolitical TensionsThe exchange rate between the Euro (EUR) and the US Dollar (USD), known as EUR/USD, is a key player in global finance. Lately, it's not just economic ups and downs that are calling the shots, but also rising political conflicts around the world. One hot spot to watch is Israel, where the potential release of sensitive information could cause ripples across Europe and impact the EUR/USD rate. Geopolitical Tensions and Market Reactions Background Context In response to the Hague Tribunal's demand for war crimes information, Israel has hinted at releasing a highly sensitive and potentially explosive video. This footage, allegedly compiled by the Israeli National Security Agency (NSA) from Hamas body cameras, contains graphic atrocities from the October 7th incident. The content is so disturbing that its release could incite widespread unrest, particularly in Europe, where issues with radical Islamic cells and terrorism are already prevalent. Potential Impact on Europe Europe, with its diverse population including significant Muslim communities, has long been a focal point for discussions on integration, radicalization, and security. The release of such a video could exacerbate existing tensions, potentially leading to civil unrest or even conflict. The implications of such an event would be profound, affecting not only the social fabric of Europe but also its political and economic stability. Europe's Future: Insights from Israel's Video Teasers Israel has chosen not to release the video or any parts of it. However, they have now decided to share limited teasers of the video with European countries to give them an idea of what to expect. The message suggests that there is a religious war on the horizon, and Europe's silence on Islamic matters is seen as a dangerous mistake. It emphasizes that a religious war is inevitable and already underway, and it warns that the consequences will be significant, affecting the geography, politics, and demographics of Europe. Economic Implications For the EUR/USD currency pair, these geopolitical tensions could translate into significant volatility. The euro might face downward pressure due to increased political risk and potential instability within the Eurozone. Investors typically seek safer assets in times of geopolitical uncertainty, which could bolster the U.S. dollar's strength against the euro. Key Factors to Watch ECB Policies and Economic Data Amidst these geopolitical concerns, it is crucial to monitor the European Central Bank's (ECB) policies and economic indicators. Inflation rates, GDP growth, and unemployment figures will continue to play significant roles in determining the euro's value. Any signs of economic slowdown or policy shifts in response to rising geopolitical tensions could further impact the EUR/USD pair. Federal Reserve Decisions On the other side of the Atlantic, the U.S. Federal Reserve's monetary policy decisions remain a critical factor. With the U.S. economy showing resilience, any hawkish signals from the Fed could strengthen the dollar. Conversely, dovish policies or signs of economic weakness could provide some relief to the euro. Safe-Haven Flows During times of increased uncertainty, currencies such as the U.S. dollar and Swiss franc, known as safe-haven currencies, tend to increase in value. Investors may choose to move their investments out of riskier assets, such as the euro, and into the perceived safety of the dollar. This movement to safety could cause a further decrease in the EUR/USD exchange rate. Strategic Considerations Hedging Against Risk For investors and businesses with exposure to the EUR/USD pair, hedging strategies become essential. Options, futures, and other derivative instruments can provide a buffer against unexpected currency fluctuations due to geopolitical events. Diversification Diversifying investments across various currencies and asset classes can help reduce risks. Spreading out investments can provide better protection against geopolitical uncertainties. Monitoring News and Updates Staying informed about geopolitical developments, economic data releases, and central bank announcements is crucial. Real-time news feeds and analysis can help traders and investors make more informed decisions. Conclusion The EUR/USD currency pair is currently facing challenges arising from economic fundamentals and escalating geopolitical tensions. There is a possibility of Israel releasing sensitive footage, which could have significant implications for Europe. This may impact not only the social and political landscape but also economic stability in the region. Therefore, market participants should remain vigilant, use strong risk management strategies, and be prepared for increased volatility in the currency markets.Shortby signalmastermind3
EURUSD SHORT THEN LONGEURUSD short then long i think it will be inverted head and shoulders patternby Ehab_AliUpdated 3
EURUSD SELL | Idea Trading Analysis#EURUSD moving higher as it tests the strong resistance level. The price has reached the resistance level.. The chart is moving from the upper boundary of the channel. We expect the correction to continue.. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity EURUSD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝Shortby TheGroveUpdated 115