Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Recently price traded inside flat, where it declined to resistance area, which coincided with $1.1125 resistance level.
Next, price bounced and tried to grow, but failed and started to decline inside falling channel, exiting from flat.
In channel, EUR broke...
Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price rebounded from the resistance line, and fell to the support line, breaking the 1.1135 resistance level, which coincided with the seller zone. After this, the price bounced from the support line and started to grow to this level. When it reached it, EUR some...
📣 Hello everyone!
I believe that the former bull market of the EURUSD currency pair will last until the end of 2024, probably the top will be formed in the first quarter of 2025.
TA:
After a long consolidation, the “Diamond” is broken upward; in rare cases, when it breaks upward, this bearish pattern can act as a trend continuation figure.
Fundamentally:
The...
The sell signal after the Double Top (September 23, see chart below) and the RSI Lower Highs rejection turned out to be a very accurate one and the price has already covered 75% of the distance to hitting our 1.08350 Target:
Given that there shouldn't be much divergence until then, we want to focus today on the 1W time-frame. As you can see, based on the...
Based on our powerful and profitable private trading indicator attached to the chart, it shows that EURUSD will be heading to the downside. A New sell alert has shown and we will be selling now. We will be taking profit to the next support level (yellow line)
Actively looking for buys inside the grey box (1), is a relatively risky trade because of the dollar index looks bullish. To play safe i just want to see an invalidation of some kind of supply. Something like market structure break(2). And then look for buys (3).Sweeping the area of intereset above does not change the long BIAS. İ'll be actively looking for longs...
According to the economic data that was published recently and in the last two weeks, it seems that the euro will continue its downward movement. The two yellow and red paths are the possible paths of the euro towards the goals written in the chart. Capital management should always be your top priority.
hello guys.
Formation of Double Top:
The EUR/USD has created a clear double top around the 1.1250 level, signaling potential exhaustion in the bullish trend.
Breakdown and Retest:
The price has broken below the key support zone near 1.1000, now acting as resistance, where sellers may enter the market.
A possible short-term retest of the entry zone (1.1000 -...
Hi folks today I'm prepared for you Euro analytics. If we look at the chart we can see how the price entered to upward channel, where at once broke resistance 2 and dropped to the support line of the channel. Then price turned around and rose to resistance 2, broke it, and some time traded in the resistance zone, after which rebounded and grew to almost the...
Hello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price some days ago entered to pennant, where it at once made an upward impulse from the support line to the support level, which coincided with the support area. Then it rose higher than the 1.0930 level, but soon fell back to the support area, where some time...
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some days ago price fell to resistance area, but soon broke $1.1005 resistance level and entered to flat.
In flat, price in a short time rose to $1.1175 level, which coincided with one more resistance area.
Also, EUR entered to this area, but soon turned around...
US Jobless Claims Surge, EUR/USD Rebounds Amid Mixed Market Sentiment
The latest U.S. Initial Jobless Claims for the week ending October 4 unexpectedly rose, reaching 258,000—marking the highest level of new jobless benefit seekers since June 2023. This spike has captured the attention of market participants, as it hints at rising unemployment pressures in the...
We finally saw the USD rebound I was beating the drum about back in September. But now it's hit a decent resistance zone, I weigh up its potential to hold its ground or producer a deeper pullback. Markets covered include the USD index, EUR/USD and gold.
MS.
EURUSD has turned completely bearish as after the Sep 25th rejection, it broke under the previous Channel Up and formed a Death Cross on the 4hour time frame.
It continues to be a similar sequence of events as the post December 28th 2023 High.
We expect a similar Channel Down to lead the price lower and every MA50 (4h) test will be a sell opportunity.
Sell and...
EURCHF is bearish on its 1D technical outlook (RSI = 42.451, MACD = -0.001, ADX = 26.515) as it's been failing to cross over the 1D MA50 and reverse the trend. Given that the long term pattern is still a Channel Down, this gives a new sell signal with the RSI suggesting we are running a similar below 1D MA50 sequence as August 2023. For the remainder of the year,...
EURJPY is marginally bullish on its 1D technical outlook (RSI = 55.394, MACD = 0.690, ADX = 37.501), practically neutral as it's been ranging between the 1W MA50 and 1W MA100. The long term pattern is a Channel Up since 2021 and the recent 1W MA100 test is the new bottom (HL) of the pattern. The 1W MA50-100 consolidation is the bottom formation and even though...
As forecasted in our previous analysis, the EUR/USD pair remains under bearish pressure, continuing its descent over the past two days, reaching around 1.09300 during the London session. The latest Commitment of Traders (COT) report indicates that retail traders remain bullish on the pair. Despite this, the price is approaching one of the two demand areas we've...
