EURUSD,GBPUSD, USDCAD FORECAST 03-07/06/2024I am expecting a bearish USD, hence bullish EURUSD and GBPUSD. I am equally expecting USDCAD to be bearish. Long07:45by GBCTRADES1
EURUSD Trading Journal EURUSD Trading Journal Price has been hovering around the 50% level with the anticipation that seasonal changes are on the way and Price to shift to a Premium market. It seems likely for Price to seek 1 hour IFVG to start the week and potentially take the Buy Side Target for the weeks high at 1.08891. With it being a Non farm payroll week I could see price gravitate to the sell side liquidity rebalancing both the noted 1 IFVG for the weeks low. Happy trading folksLongby LParnell1
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 ONE MORE SELL LIMIT ORDER Manage SL during news time, intraday trade tp and sl mentioned not a financial adviceShortby ArehmanB3
After fake breakout of support level, Euro can continue to growHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price rebounded from the support level and made an upward movement, after which turned around and started to decline inside the downward channel. In the channel, the price declined to the 1.0805 support level, which coincided with the support area, and soon broke this level and fell to the support line of the channel. Then, the Euro rebounded up and rose to the channel's resistance line, breaking the support level again, and even soon price exited from the downward channel and continued to grow. But later, the price turned around and made a downward impulse to 1.0600 points, breaking the support level one more time, and then the Euro started to rise inside an upward wedge. In a wedge, EUR in a short time rose to the 1.0805 level, broke it, and rose to the resistance line of the wedge, after which turned around and fell to the support area. But not a long time ago EUR bounced up from the support area, making a fake breakout of the support level and now, in my opinion, the price can make retest of the support level, after the fake breakout. Then price will continue to move up to the resistance line of the wedge. For this case, I set my target at 1.0910 points. Please share this idea with your friends and click Boost 🚀 Longby LegionQ8Updated 3319
EURUSD Leading Diagonal will be the Start of a New TrendIf tomorrow, at the closing price in May, the price does not break through 1.09000 and instead closes at 1.08400-1.08500, then it is likely that the correction has ended and the price will continue its bearish trend. This is the main reason why, in the update from my last post, I recommended closing buy positions. The next question is where can we take a sell position? If a reversal occurs after the price touches the Fibonacci area as I highlighted (red) in the chart, we can take a sell position, the first target would be the price gap in the candlestick on May 9th. good luck!!Shortby edoyuwon1909Updated 227
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
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
EurUsd - Lower, 1.000 pips lowerHello Traders and Investors, today I will take a look at EurUsd . -------- Explanation of my video analysis: EurUsd has been trading in a descending channel formation for a very long period of time. At the moment EurUsd is once again retesting the upper resistance in confluence with a horizontal structure so there is simply a higher chance that we will see a continuation lower from here. This means that as stock traders - especially from Europe - we can continue to trade our U.S. stock position without worries. -------- Keep your long term vision, Philip (BasicTrading)Short03:00by basictradingtv5514
✅EUR_USD BULLISH BIAS|LONG🚀 ✅EUR_USD is trading above The falling support line And the pair is in the Uptrend so we are bullish Biased and we will be Expecting a local bullish Move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅ Longby ProSignalsFx5
EUR USD - A SMALL BUY MODE TO UP SIDE 0.5 LEVEL FIBEUR USD price balanced the liquidity at support zone, now price has to fvg balance area, to upside, make a small buy entry to 0.5 level marked price line, follow for more live updates...Longby FOREX_TRADER_007Updated 226
EUR/USD Turns Ahead of Key SupportEuro is poised to mark a reversal just pips ahead of key support today at 1.0782/86 - a region defined by the 38.2% retracement of the April rally, and the 200-day moving average. Note that former slope resistance is also offering support here and further highlights the significance of this zone. Shorts at risk while above this threshold heading into the monthly close. Resistance steady at the 1.618% at 1.0895 backed by 1.0933/39 - look for a larger reaction there IF reached. A break below 1.0782 would threaten a test of the April trendline (currently near ~ 1.0740s ) Michael Boutros @MBForex by FOREXcom5
buying EUR/USD at the current market price of 1.08192.buying EUR/USD at the current market price of 1.08192. This means you're betting that the euro will strengthen against the US dollar. I recommend setting three take-profit targets at 1.08400, 1.08500, and 1.08600. These are price levels where you could consider closing your position to secure profits if the market moves in your favor. However, it's essential to have a plan for managing losses too. If the market moves against you, it's wise to have a stop-loss order in place to limit potential losses. In this case, I recommend setting a stop-loss order at 1.07908, which means if the price falls to this level, your position will be automatically closed to prevent further losses. Remember, trading involves risks, so it's crucial to carefully consider your risk tolerance and use proper risk management techniques. Additionally, always conduct your own analysis or consult a financial advisor before making any trading decisions.Longby FOREX_trade_01150
EURUSD - THU 30 MAY 24 - TRADE SETUPAMD Setup (Sell Stop) Price manipulation to the upside The market is likely to deliver to the downside Shortby karenzialvin113
CHART BREAKDOWN EURUSD: Key Levels, Targets and Thoughts!Trade Update: EUR/USD We have some great news on our recent EUR/USD trade! 💲 After analyzing the market conditions and identifying a solid setup, our trade has successfully Hit Take Profit 1 (TP1). This made sure that the majority of our positions have been secured and cashed out some of our gains, allowing us to lock in profits and reduce risk. Following this, we moved our stop loss to breakeven to ensure no loss on the remaining position. This strategy not only protects our capital but also gives us the opportunity to capture further potential gains with zero risk on the table and cashing out on TP2s and TP3s. Stay tuned for more updates and happy trading! 🚀Longby TTradessss10
Strifor || EURUSD-30/05/2024Preferred direction: SELL Comment: The price did not approach the level of 1.09000 , at least in the first half of this week, and the euro quickly fell to 1.08000 . In the short term, the decline is likely to continue. An important point, of course, will be today's statistics from the US on GDP , the labor market, and so on. We consider two scenarios, which are depicted in the graph. Scenario №1 assumes a fall from the level of 1.08000 , below which the price is currently located. Scenario №2 - preliminary growth above the level of 1.08000 , the buyer’s attempt to gain a foothold above, and to sell it will be necessary to wait until it closes below the specified level again. The target for the fall is considered to be at the level of 1.07500. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!Shortby Viktor_strifor_analystUpdated 113
Short Liquidity Available. Bulls incoming.Too many retail traders thinking the shorts will continue either today or monday we'll see a reversal back up and the previous highs probably tested. This down trend isn't fundamentally justified to this extent. Major OVERselling. Longby KomeFXX2
EUR/USD Monthly Structure Analysis and Sell SetupThe EUR/USD monthly structure, viewed on a daily timeframe, indicates a SELL setup. The TDI (Traders Dynamic Index) has already shown a bearish cross, signaling the presence of sellers in the market. Additionally, the candle formation at resistance is an evening star pattern, which is a reversal indicator. On a smaller timeframe (H4), a triple top formation is visible at resistance. Targets for take profit are as follows: - First take profit: 1.07831 - Second take profit: 1.07484 - Third take profit (monthly open): 1.07138 Ensure to wait for valid entry signals before executing trades. Trade with caution. If you find this analysis useful, please like, follow, share, and leave a comment.Shortby ezeepips4
CHART BREAKDOWN EURUSD: Key Levels, Targets and Thoughts!Brief Description🖊️: The chart provides insights into critical market levels, emphasizing an essential demand zone (low-risk buy zone) spanning from 1.07900 to 1.07835, respectively, are highlighted. Things I Have Seen👀: Important Demand Zone🟢: Identified between 1.07900 and 1.07835, serving as a low-risk buy. Bullish Targets📈: 1.08130: Possible retracement area. 1.08230: Possible retracement area. 1.08400: Possible retracement area. 1.08950: Liquidity area. What's Important Now❗ Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.Longby TTradessss4
EUR/USD UP UP NOWThe EUR/USD pair is trading in a local uptrend, which can be recognized by looking at the previous green 1W candle. On the 6H time frame, this pair is going down however the BB indicator is showing a sideways trend after expanding. Therefore, we are looking to buy a pair with the lower BB line acting as support. The next target is the 1.088 area.Longby IAm_RyderUpdated 131349
Short Position on EUR/USD: Potential Major DowntrendI'm entering a short position of 4 lots on FX:EURUSD at 1.0865. This trade setup is based on my analysis of recent price action and key support levels. If we break below 1.0827, I believe this will confirm that the top for FX:EURUSD is finally in, signaling a strong bearish trend. Trade Details: Entry: 1.0865 (Short position) Confirmation Level: 1.0827 (Break below this to confirm downtrend) Target: 1.0538 (-1.618 Fibonacci extension) Technical Analysis: Entry Point (1.0865): This level represents a key resistance where recent price action has shown signs of selling pressure. Entering at this point allows us to position ourselves ahead of a potential breakdown. Confirmation Level (1.0827): This is a critical support level that is the .50 fib level of the recent breakout. A decisive break below this level will indicate that bearish momentum is gaining strength, confirming the downtrend. Target (1.0538): The -1.618 Fibonacci extension from the most recent breakout of structure suggests this as a logical target for the downward move. This level has historical significance and could act as a strong support where the price may stabilize or reverse. Recent Rally Peak: It appears we are currently at the peak of a sizable rally from 1.06. This rally has driven the FX:EURUSD up to our second entry point, and the momentum appears to be weakening, suggesting a potential reversal is imminent. Supporting Factors: Bearish Momentum: The recent price action shows lower highs, indicating a bearish trend. Economic Indicators: Recent economic data from the Eurozone and the U.S. suggest a potential divergence in monetary policy, favoring a stronger USD $DXY. Market Sentiment: Current market sentiment appears to be risk-off, which typically benefits the USD as a safe-haven currency. Eurozone Rate Cuts: The Eurozone is projected to cut interest rates in June. This potential rate cut will likely weaken the euro further and be beneficial to the USD TVC:DXY , adding to the bearish case for FX:EURUSD . U.S. Interest Rate Hike: Additionally, I believe the U.S. will raise interest rates by the end of the year. This expected rate hike would further strengthen the USD TVC:DXY , adding downward pressure on FX:EURUSD .Shortby mackmackeyyUpdated 12
EURUSD → A false breakout leads to a correction. 1.080?FX:EURUSD is forming a correction after a false breakdown. The movement is formed after updating the local highs. The fundamental background for the currency pair is positive. The false breakout occurs against the resistance at 1.0885, as well as the rising line limiting the trend. If the fundamental background persists, in this case the correction will not last long and the global bullish movement may start to recover. On H1 it is worth paying attention to the support: 1,080 (liquidity area), which the price may test. This boundary may become the lower zone of the new range, which may confirm the change of trend. Support levels: 1.080, 1.0766, 1.0736 Resistance levels: 1.0884, 1.0942 Technically, a false breakdown of resistance and corrective downward movement is forming. Today there is no strong news and movements can be calm. Regards, R. Linda!Shortby RLindaUpdated 4423
EURUSD FORECAST Q2 24: DOLLA HOPPERWith yesterdays inflation report indicating a moderate increase in prices taking (by taking somewhat of a pause) some sectors like food,& shelter however experienced large price increases, hence we can see that inflation is still persisting. exprets predict no cuts in june for interest rates slowing economic growth, higher inflation erodes purchasing power. Im expecting a bearish impulse continuation for a downtrending market I placed a series of zig zags cause i expect my trend might just continue back higher at one of these points cause its not looking too good (my confluence then will be a simple gator cross) all in all its showing some sort of progress which is enough for these darn markets to push it down but when logic kicks in it might continue to push higher Shortby Bekiumuzi_DubeUpdated 557