Considering the behavior of the price in the green and red ranges, and the recent downward wave, it is expected that the downward trend will continue. 78.6% and 100% levels can be minimum targets
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. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
The price perfectly played out from my last post. The market literally tanked and hit the target. It has reached the support level where a bullish move occurred. I think the best scenario might be to wait for a pullback towards the swap zone and then short the market. after a news report came out. FX:EURUSD made a breakout of the key level at 1.08000. The price...
If the price moves above the previous high, do look to buy. Bullish RSI divergence noticed. Trend potentially going up.
This is my Intraday analysis on EURUSD for 12 Apr 2024 W15 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bearish / Continuation INT Bearish 2. Expectations are met for the INT Structure with the Bearish iBOS. Currently price targeting the Weak Swing Low. 3. Price...
I believe EURUSD buyers need to be very careful. in buying this pair. My bias here remains bearish and I believe my chart is well self explanatory. If the weekly candle closes stongly bearish, I will will review EU for bearish continuation and sell next week after looking for a a good entry.
Based on the H1 chart analysis, we can see that the price is falling to our buy entry at 1.0692, which aligns with 127.2% Fibo retracement Our take profit will be at 1.0724 which is a pullback resistance level. The stop loss will be placed at 1.0677, which is below the 161.8% Fibo extension. High Risk Investment Warning Trading Forex/CFDs on margin carries...
Gold @ A New Pick. US Dollar Is Towering. ECB Decision. -- Looking at the current headlines these are the top 3 notes I wrote down to identify the current state of this currency pair. -- Gold prices are rising right now and what does this mean for the current economy? If you buy gold and decide to invest in it, the first thing you will use most likely is the...
On Tuesday, April 9th, I posted that rallies in the 1.09 zone, which represents the resistance of the falling trend line for FX:EURUSD , should be sold with a target at the 1.07 zone support level. The following day, CPI figures came in hotter than expected, triggering the anticipated drop. Now, with the pair at the support level, what can we anticipate...
Events to watch out for today: 17:00 EET. USD - Consumer Sentiment Index from the University of Michigan 21:30 EET. USD - FOMC member Rafael Bostic will give a speech 22:30 EET. USD - FOMC member Mary Daly will give a speech EURUSD: EUR/USD is trading near 1.0720 on Friday in the early Asian session. A moderate recovery in the US dollar (USD) amid growing...
Hey warriors, let's dive into the EURUSD saga! The EURUSD just went through a rollercoaster, quickly sketching out a double top pattern before taking a sharper nosedive post the breach of the 1.083 support level. Currently at 1.074, it's attempting a slight rebound after brushing the 1.073 support, but don't hold your breath for a long recovery. With the USD...
Hello traders, as predicted a couple of days ago in my EUR/USD idea, the resistance level of 1.0875 worked well and price fell massively after inflation data from the US came out. Currently, EUR/USD finds itself back in the support region. As the support zone has not broken yet, I have bought EUR/USD already. I recommend traders to buy EUR/USD@1.0710-1.0740 with...
I was looking for a move lower yesterday but only on a pullback; but we can see that price was held by the strong resistance at 1.0750 and then just come down. But it also hit the 1.0714 level below and is supported and it pulled back to the mid point. What's next? Price is at 50 Fib and seemed to be rejected by the PZ. IMO, we will see 1.0714 revisit and that...
EU has pulled back into the 1.07305 zone showing bullish exhaustion. When the Fib is pull from High to Low on a down trending market, its showing that price has been rejecting on the 50 fib level and bearish momentum building up. RR is great I suggest you all manage your risk and adjust TP and Sl to suit market conditions
DA Trading Analysis 1. H4 - Directional Bias Price is in Demand zone with CHoCH. Price broke to the downside leaving behind Imbalance and Supply Zone sitting nicely above. Looking for Long position. 2. H1 - Technical Analysis Done Price is ranging in the H4 Demand Zone. Price showing bulls are exhausted and buyers getting in. 3. M15 - Trade Execution Price...
ishort position for today s chane of character in the short timeframe. it may inaccurate but the Risk reward ratio is good i'll close somebposition when the price close the gap. but my secondvtarget is the price to reach a lower low as i assume this 3 weeks is a zigzag correction goodluck.
Current Market Overview: The EUR/USD pair has recently reached a significant support zone and has broken below a key trend line after experiencing some fluctuations within this zone. This breach signals a potential shift in market dynamics. Technical Analysis: 1. Support Zone: The pair has reached a crucial support zone, suggesting a potential reversal in the...
The current EUR/USD exchange rate stands at 1.08251. Earlier, in the opening market, there was a break of the trend line over an 8-hour period. Presently, the market seems to be retesting that break and experiencing a pullback, suggesting a potential opportunity to sell. There's a possibility that the price might return to the channel for what could be a false...