Backtesting with ictThis is not a financial advise it's for educational purpose only. Like and follow me for more 🥰20:00by DigitalWealthTrad1
EURUSD Is Very Bullish! Long! Here is our detailed technical review for EURUSD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.084. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.098 level soon. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProvider112
EURUSD, short to 1.0798 after bulls accumulate.Hi friend. Euro take a pause in growth. We have big volume of bulls accumulate in zone between 1.0790 - 1.0829. So my opinion falling to 1.0798 and maybe lower... Support me. And your opinion intresting for me. Thanks.Shortby JinFlarkUpdated 12
EUR/USD (euro-dollar): a multi-timeframe view (W & D)Initially, looking at the Weekly-timeframe chart on the left-hand side of the screen, it could be inferred that the price has been unable to break below the major key zone of 1.072 and, ever since, it has been impulsing in the upside destination. Judging by the ongoing build-up, the bullish wave does not show any signs of stoppage and is continuing to move in the upward direction after having broken out of the descending trend-line highlighted on the chart. Zooming into the Daily timeframe, the zone-to-zone movement of the price could be clearly noticed. Thus, holding on to our bullish sentiment, we are executing long positions with the stop-out order below the ongoing build-up and the target level set at key level identified on the Weekly timeframe.Longby Investroy3
EURUSD BEARISH NOW Hey there on 1hTF the EURUSD have looking for move upside on CPI news And now can be drop down from 1.0800 So will first reach and can be quick drop from there point Shortby DvsTraderfirm2
Short-term bullish outlookFX:EURUSD The price of the euro against the US dollar is in the condition of price correction. In the short term, after the correction is over, the price will continue to rise First support: 1.08062 First resistance: 1.08860 Second resistance: 1.09252 Third resistance: 1.09658Longby majidhossineUpdated 225
Divergence - asset price directionDivergence is the discrepancy between the direction of an asset's price and the readings of an indicator. There are three types of divergences: classical, extended, and hidden. The first two can be used to gauge market sentiment and to trade in the opposite direction. Hidden divergence, however, is more significant and can serve as a powerful supplementary factor in determining the price direction and opening positions. The use of extended divergence is not necessary, as it rarely occurs and forms at equal highs or lows. In such cases, an indicator is not needed to gauge market sentiment; the chart itself will suffice. Classical Divergence Classical divergence indicates a potential trend reversal or the beginning of a correction. Bullish classical divergence is identified when a lower low (LL) forms on the chart while a higher low (HL) appears on the indicator. The masses buy when classical bullish divergence appears, anticipating significant growth. An upward price movement may begin, but after short-term liquidity for buying is exhausted and the price rebalances, a reversal will occur, and the decline will continue. Long positions opened during the correction will become unprofitable. In a bear market, classical bullish divergence typically appears before the start of a correction. Bearish classical divergence is identified when a higher high (HH) forms on the chart while a lower high (LH) appears on the indicator. The masses sell when classical bearish divergence appears, expecting a significant decline. A downward price movement may begin, but after short-term liquidity for selling is exhausted and the price rebalances, a reversal will occur, and the growth will continue. Short positions opened during the correction will become unprofitable. In a bull market, classical bearish divergence typically appears before the start of a correction. The formation of multiple divergences is common. The masses will seize every opportunity to open their positions, leading to unprofitable outcomes. The number of divergences before the start of a correction is not limited. It is recommended to wait for the price to react after reaching the resistance zone. In the example above, the correction began after partially filling the imbalance on the 1D timeframe within the imbalance on the 1W timeframe. Hidden Divergence Hidden divergence serves as a confirmation of trend continuation. Bullish hidden divergence is identified when a higher low (HL) forms on the chart and a lower low (LL) appears on the indicator. In an uptrend, hidden bullish divergence may form before the continuation of growth, acting as a strong supplementary factor in determining the future price direction and considering positions. Bearish hidden divergence is identified when a lower high (LH) forms on the chart and a higher high (HH) appears on the indicator. In a downtrend, hidden bearish divergence may form before the continuation of the decline, acting as a strong supplementary factor in determining the future price direction and considering positions. Notes - The RSI (Relative Strength Index) indicator is used to identify divergences. - RSI is plotted without considering candle shadows. - Divergence should be viewed as an additional factor to your analysis, not a standalone tool. - Divergence below the chart will always be bullish, while divergence above the chart will always be bearish.Educationby truepersonal2
EUR/USD BULLS ARE STRONG HERE|LONG Hello,Friends! EUR/USD pair is in the uptrend because previous week’s candle is green, while the price is clearly falling on the 8H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 1.087 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is likely. ✅LIKE AND COMMENT MY IDEAS✅Longby EliteTradingSignalsUpdated 114
EURUSD: Still in the downtrend!Sure, here is the revised version in English: Hello everyone, today the EUR/USD remains in a downtrend. Despite a brief recovery yesterday, the pair continues to head towards the 1.0800 level in the early trading hours of the final session of the week. The outlook still favors sellers as EUR/USD remains below several key resistance levels and follows the descending trendline. Additionally, with the increasing likelihood that the European Central Bank (ECB) will cut interest rates before the Federal Reserve (Fed), the potential for the EUR/USD to weaken further in the medium term should be considered. by Trader_BrianFXUpdated 334
EUR/USD Trading Analysis and RecommendationSell Opportunity: The EUR/USD currency pair presents an enticing sell opportunity at the current price of 1.08280, with favorable potential for profit. Targets: Primary Target: 1.07920 Secondary Target: 1.07268 Breakout Scenario: In the event of a breach above the resistance level of 1.08900, indicative of a bullish breakout, the target price is anticipated to ascend towards 1.09768. Technical analysis indicates a notable selling sentiment prevailing in the market at the present price level. Fundamental factors align with the proposed sell strategy, suggesting downward pressure on the EUR/USD pair. Prudent risk management measures should be employed to mitigate exposure to potential adverse market movements. Disclaimer: This analysis is provided based on current market conditions and historical price data. Traders are advised to conduct independent research and exercise caution, employing appropriate risk management techniques, before executing any trading decisions.Shortby GODOCM4
Assumed channel in 4HHello friends. According to the drawn channel, I expect a correction towards the midline range. what is your opinion? Good luck. # Let's look simplyLongby HippoTradingUpdated 16
Pullback and the continuation...Hello friends. According to the drawn lines and the reaction we had, I expect to rise up to the specified range. what is your opinion? Good luck. # Let's look simplyLongby HippoTrading3
EURUSD long moveWe are looking out for a breakout on our resistance level then we go long on this trade. Longby OCBE-FX3
Lingrid | EURUSD trend SHIFTThe price perfectly fulfilled my last idea. It literally tanked hit the target zone. FX:EURUSD is currently retracing towards the resistance zone after its recent breakout from the range zone. On the 1H timeframe, the market has been correcting its downward trend, indicating a potential pause in the bearish momentum. With high-impact news today, I expect the market to continue moving sideways, then potentially move downwards after retesting the range zone. If the EURUSD fails to breach the resistance zone around 1.08100-1.08200, we can anticipate a rebound from this level. My goal is the support level of around 1.07480 Traders, if yTraders, if you liked this idea or if you have your own opinion about it, write in the comments. Shortby LingridUpdated 6627
uptrend If the price changes in the current support range, it will be possible to start the upward trend up to the specified resistance range. Then, according to the behavior of the price in the resistance range, possible scenarios have been determinedLongby STPFOREX4
EURUSD H4 | Bearish Drop Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 1.0854, which is an overlap resistance close to 61.8% Fibo retracement Our take profit will be at 1.0810, an overlap support level. The stop loss will be placed at 1.0905, above a swing high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. Shortby FXCMUpdated 8
EURUSD H4 | Bearish reversal?Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.0892, which is an overlap resistance. Our take profit will be at 11.0812, an overlap support level. The stop loss will be placed at 1.0957, a swing-high resistance level close to 161.8% Fibo extension High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. Shortby FXCMUpdated 6
EURUSD - in strong downtrendEURUSD - May 31, 2024 Today EURUSD stays in a downtrend, yesterday`s restoration turned into short-lived and the pair remains on course to attain 1.0800 once more withinside the early buying and selling hours of the month. weekend session. Accordingly, the outlook remains favorable for dealers while EURUSD remains beneath many vital resistance stages and regularly lowering in step with the energetic Trendine line. In addition, with the growing probability that the ECB will lessen hobby fees earlier than the Fed, the opportunity of the EUR/USD trade price persevering with to weaken wishes to be taken into consideration withinside the medium term.Shortby TheLeader_WOLF2
EUR/USD may rise 29 - 44 pipsPivot 1.0805 Our preference Long positions above 1.0805 with targets at 1.0845 & 1.0860 in extension. Alternative scenario Below 1.0805 look for further downside with 1.0785 & 1.0770 as targets. Comment Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Supports and resistances 1.0885 1.0860 1.0845 1.0816 Last 1.0805 1.0785 1.0770 Number of asterisks represents the strength of support and resistance levels.Longby Daniel_Thompson1
Fundamental Market Analysis for May 31, 2024 EURUSDEvents to watch out for today: 12:00 GMT+3. EUR - Core consumer price index m/m 15:30 GMT+3. USD - Change in personal income/expenditures EURUSD: The EUR and USD pairing dipped to 1.0790 on Thursday before a recovery in the broad market forced the dollar lower. US gross domestic product (GDP) growth fell in line with market expectations and investors hoping for a rate cut are taking a cautious step forward ahead of key data to be released on Friday. Fresh data on the pan-European Harmonized Index of Consumer Prices (HICP) will be released on Friday. May HICP core inflation is expected to rise to 2.8% from 2.7%, while HICP core inflation is also expected to rise by 2.5% from the previous reading of 2.4%. Key US data will be released later on Friday, with the core Personal Consumption Expenditures (PCE) price index to be released during the US market session. According to average market forecasts, core PCE inflation for the year ended April will remain at 2.8%, while core PCE inflation for the month will be 0.3%. U.S. GDP growth in the first quarter slipped to 1.3% from a previous reading of 1.6%, matching market forecasts and raising hopes for a Federal Reserve (Fed) rate cut. According to CME's FedWatch tool, traders are pricing in a higher chance of a rate cut by the Federal Open Market Committee (FOMC) in September. With current rate cuts, the probability that the FOMC will leave rates unchanged in September is only 49%, while the probability that rates will be cut by at least a quarter point is over 50%. Trading recommendation: Trade mainly with buy orders at the price level of 1.08400. We consider sell orders at the price level of 1.07950.by Fresh-Forexcast20040
EURUSD - SMALL CORRECTION BEFORE THE ROCKET?A closer look at the Euro chart reveals a favorable structure. On a broader scale, the trajectory looks bullish - however, a noticeable accumulation of liquidity is occurring lower after the reversal of the global downward movement. In addition, there was an unfilled zone for the month of FVG. At the local level, after the breakdown, an imbalance zone - FVG - appeared, which increases the chances of a downward movement. Moreover, after the FVG imbalance was filled, a strong reaction began and “OB” was formed, this gives us an understanding of the reaction and confirmation of the idea.Shortby truepersonalUpdated 10