After series of LH & LL, the instrument recently marked new HH. further
Bullish Divergence on RSI
Divergence on MACD MAs and Histogram
Making of HH after series of LH & LL
Double Bottom with bullish Divergence
All above suggest bullish bias.
Entry at CP on making of Bullish Candle
Dear Colleagues, Last week the price fell a lot, which prompted me to revise my wave analysis. Now the price is in a prolonged and complex correction, so I believe that the price will reach the area of 100% Fibonacci extension 1.05684. This will be the completion of small wave "c".
Manage your capital correctly and competently! Only enter trades based on...
The price perfectly fulfilled my previous idea. It hit the target level. FX:EURUSD is making lower lows, showing bearish dominance. On the weekly timeframe, the market formed a huge bearish candle. The price has broken through the key level that was holding price since the beginning of December. Most likely, the price is going to continue moving downward towards...
The eurusd pair broke out his high support level which is 1.07500. And close the wick below this level. So, the market gives some retracement and moves downward to the 1.0500 support level.
FX:EURUSD
EUR/USD came under renewed bearish pressure and dropped to its lowest level since November below 1.0700. Although the pair's technical outlook points to oversold conditions, it might be risky to bet on a Euro rebound amid diverging European Central Bank (ECB) and Federal Reserve (Fed) monetary policies.
The ECB left key rates unchanged as expected...
After hitting a major support zone last week the EUR/USD has plunged. But retracing back to a minor key level, which can mean a possible bullish move back up to previous daily support zone or continue plunging to the next support zone.
The Euro has found itself navigating turbulent waters in recent days, succumbing to the pressures of a hawkish Federal Reserve juxtaposed with a dovish European Central Bank (ECB). This divergence in central bank policies has sent the Euro plummeting, with the EUR/USD pair experiencing a significant decline of nearly 2% over the span of just three days. As the...
Based on the H1 chart analysis, we can see that the price is falling to our buy entry at 1.0644 which is a pullback support.
Our take profit will be at 1.0701, a pullback resistance, close to 38.2% Fibo retracemet
The stop loss will be placed at 1.0602, which is a multi-swing low support level.
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Trading Forex/CFDs on margin...
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The Importance of Trading...
hello guys...
as I published before:
I am in the short position from QMl(2) and the price was respected in my area perfectly:))
now I think the pair wanna touch the midline of the descending channel and start another downward movement but the support area is so strong so we can expect a compression here!
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✓✓✓ always do your...
Technical analysis OANDA:EURUSD
OANDA:EURUSD fluctuates in a narrow range above 1.0600 on Tuesday as the better-than-expected Economic Sentiment data from Germany helps the Euro hold its ground. Fed Chairman Powell will speak on the policy outlook later in the day.
OANDA:EURUSD edged slightly higher after testing 1.0600. The Relative Strength...
Echoing this sentiment, the ECB's Cipollone observed a rapid decline in inflation, expressing expectations for a return to the 2% path next year and attainment of the target by mid-2025. Should data in June and July confirm growing confidence in achieving the target, consideration would be given to easing some of the restrictive measures imposed in 2023....
After plotting my waves to the best of my ability, I do see us moving lower still for a number of reasons. To be honest with yourself, you have to be able to see both sides of the market you're trading and manage risk accordingly.
This would be a potential run higher, if these major waves have completed to the down side, even though i think time will show this...
EUR/USD slides to multi-month lows below 1.0650
EUR/USD stays under heavy bearish pressure and trades at its lowest level since November below 1.0650. Divergent ECB-Fed policy outlooks and the risk-averse market atmosphere keep the US Dollar strongly bid and weigh on the pair.
The Relative Strength Index (RSI) indicator on the 4-hour chart dropped to 20,...
How To Trade US Dollar in The Coming Days!
Dollar Index, EURUSD, GBPUSD, USDJPY!
Currently, the US dollar is too strong across the currency board, but at the same time, it is testing very strong support/resistance areas.
This becomes even more visible when we analyze the critical position of the dollar index.
You may watch the video for further details.
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