EU DROP ??An hourly range trend is holding and acting as resistance after the test of a 4 hr level. This could indicate potential bearish momentum on the lower timeframes and might be a good time to short. ONLY TIME WILL TELLShortby Izzy_AaronsonUpdated 337
EURUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.Long04:54by ForexWizard01Published 116
EURUSD- Breaks the resistance line and remains bullishHello, traders The EUR/USD has been moving upward for the fourth consecutive day, with a clear uptrend forming on the chart. Currently trading around 1.083, the pair has broken out of its previous downward channel, signaling a bullish shift. Additionally, the 34 EMA has successfully crossed above, reinforcing short-term bullish sentiment and encouraging investors to buy into the pair. However, a bit more caution is advised before making long-term buys. The EUR/USD remains within a triangle pattern, suggesting it may need to retest the breakout level before fully confirming a sustained uptrend. What’s your take? Should we go for a buy or sell today and in the days to come?Longby Neil-ArmstrongUpdated 22
EURUSD Set For Possible Bullish Breakout? Key Price Action Signa👀👉 EURUSD is demonstrating bullish momentum across the monthly, weekly, daily, and 4H charts. I'm closely watching for a potential buying opportunity, aligning with the key criteria covered in the video. In this analysis, we’ll pinpoint essential price action signals to track and outline strategic positioning for the next potential move. *Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. 📊✅Long06:26by tradingwithanthonyUpdated 2215
Waterfall Is Not Over Yet. Instrument: Time Frame: H4 Chart Observations: 1. Identified strong Resistance and Support zones within a parallel channel flow Moving in a downward trend. 2. Trend has consistently respected Resistance and Support Zone many times with instances of reversal. 3. Several Break Of Structure were also formed in downward trend 4. Fake Breakout was also identified their with the help of smart money concept 5. Current price action shows respect for the Support zone. 6. Fast moving E.M.A line is still below the Slow E.M.A line indicating further downward trend. Trading Strategy: We have confirmation of Sell by two stratigies. One is price action and other is smart money concept. So, stay with sell Sell Entry Zone: 1.07930_1.07940 Take Profit1: 1.07760 Take Profit2: 1.07580 Take Profit3: 1.07400 Stop Loss: 1.08120Shortby Fxjames0009Published 114
EURUSD SELL SETUP !!“Trading doesn’t just reveal your character; it also builds it if you stay in the game long enough.” - Yvan Byeajee Shortby Siphesihle_Brian_ThusiUpdated 114
How to Master Technical AnalysisHow to Master Technical Analysis Price action traders are avid chart enthusiasts, constantly scouring price charts for valuable insights. Their trading approach is deeply rooted in technical analysis, a method that has been in the books of market participants for centuries. This article will cover technical analysis strategies and go into advanced technical analysis techniques. Definition and Purpose of Technical Analysis Technical analysis is a method used to evaluate and forecast the future movements of financial assets, such as stocks, currencies, commodities, or cryptocurrencies*, based on historical market data and statistics. The primary purpose of technical analysis is to help traders and investors make informed decisions by studying patterns and trends in charts and identifying potential entry and exit points. Key Principles of Technical Analysis Technical analysis in trading is based on several principles: - Supply and demand. This principle reflects that the asset price is influenced by supply and demand. When demand outpaces supply, instruments tend to move up, and vice versa. - "Trend Is Your Friend". This principle emphasises identifying and following prevailing trends and not going against them. Traders can spot trends by using tools like trendlines, moving averages, and indicators like the Average Directional Index (ADX). - Volumes. Volume, the traded amount of an asset, is crucial; high volume during price changes indicates strong interest and validates movements, while low volume suggests uncertainty. You may employ several indicators for a better technical analysis on FXOpen’s TickTrader platform. Chart Types and Timeframes The most common chart types used in technical analysis include: - Line Chart: It connects closing prices with a line, providing a simple overview of chart movements over time. - Bar Chart: Each bar represents the high, low, open, and close prices for a specific period, offering more detailed information than a line chart. - Candlestick Chart: Similar to a bar chart, but each candlestick's body represents the difference between the open and close prices, and the wicks (shadows) show the high and low prices. Timeframes in technical analysis refer to specific durations for representing price data on charts. Common timeframes include intraday (1-minute, 5-minute, 15-minute, 30-minute, and 1-hour) for short-term trading, daily for swing trading, weekly for identifying longer-term trends, and monthly for long-term investors. Essential Technical Analysis Tools and Indicators Traders utilise a wide array of indicators to inform their trading decisions, which can be categorised into five main groups: - Momentum Indicators: These indicators gauge the velocity and strength of price movements, aiding in the identification of whether a trend is gaining or losing momentum. - Volume Indicators: These indicators analyse trading volume to assess the potency of price movements. They offer insights into the level of market participation and can confirm or question the validity of price trends. - Trend Indicators: These indicators assist in recognising the direction and strength of trading trends. - Oscillators: Oscillators signal overbought or oversold conditions and can help identify potential trend reversals. - Volatility Indicators: Volatility indicators quantify the rate at which the prices of an asset fluctuate. Chart and Candlestick Patterns Traders also use chart and candlestick patterns. Chart Patterns, such as Head and Shoulders and Double Tops/Bottoms, serve as indicators of potential trend changes, while Flags and Pennants point towards trend continuations. Candlestick Patterns, such as Doji, Hammer, and Engulfing, reveal market sentiment and potential reversals. Support and Resistance Levels Support and resistance points are essential in technical analysis. Support levels are where an asset tends to find buying interest and reverse its downward movement. Resistance levels are where selling interest tends to emerge, causing the instrument to reverse its upward movement. Support and resistance levels are crucial as they indicate potential turning points in the market. A break below support or above resistance can signal a trend change. You can practise adding different tools in various markets right now. Limitations of Technical Analysis Technical analysis has the following limitations: - Subjectivity: Technical analysis relies on interpreting historical price patterns and indicators, which can be subjective and open to different interpretations. - Lack of Fundamental Analysis: Technical analysis does not consider fundamental factors like company financials or economic indicators, which can have a significant impact on an instrument. - Market Sentiment Shifts: Unexpected news or events can quickly invalidate technical analysis predictions, leading to potential losses. Conclusion Technical analysis may be a valuable tool for traders and investors to analyse price movements and make informed decisions; however, it's essential to acknowledge its limitations and consider it as one of many techniques when trading. Combining technical and fundamental analyses may lead to a more comprehensive approach to trading and investing. As you get a better understanding of the subject, you may consider opening an FXOpen account and applying the concepts to live trading. *At FXOpen UK, Cryptocurrency CFDs are only available for trading by those clients categorised as Professional clients under FCA Rules. They are not available for trading by Retail clients. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.Educationby FXOpenPublished 44290
EURUSD BULLWe sent the bear down from NFP and now is the first opportunity for the bull set-up. Yes I am in the trade at 1.0780 with a very tight window. (15 pips) Also I gave this pair out everyday last week inside the group inside Facebook. Plus I have just sent out the new chart for the community to trade this week... Good luck and there will be more to come. #eurusd Longby elitetechfx-dailyUpdated 336
28.10.24 Morning ForecastPairs on Watch - FX:EURUSD FX:EURNZD FX:EURAUD OANDA:JP225USD A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy! 13:55by JordanWillsonPublished 445
EURUSD Here’s a daily chart of EURUSD. Yesterday, we highlighted the potential for an upward move following the bounce off the support level. Additionally, an upward trendline from October 2023 has been reached. If today’s session closes at these levels or higher, we’ll be expecting higher values in the coming weeks. You can find your entry point on the smaller timeframes.by ForexTrendlinePublished 224
Trendline break on EURUSDWe have a nice break and retest on EURUSD, we're also on a strong support zone on the daily, ideally this should be a BUY. What can spoil the trade? news, for the U.S we have the presidential election, CB Consumer Confidence on Tuesday and JOLTS Job Openings. For the EUR theres no high impact new until Wednesday. If the buy zone doesn't hold then look for break and retest and follow the trend. Trade with risk management 😊Longby PaulCalebPublished 15
EURUSD / SHORT / H1EURUSD Pair May Come Down from the Bearish Order Block Bearish Order Block: 1.08376 and 1.08210 EURUSD is currently within the bearish order block zone, and based on the trend in the 1-hour time frame, there’s a high chance of a downward move. I have utilized Smart Money Concepts (SMC) to analyze the charts and also examined lower time frames for added accuracy. The SMC indicators are confirming this potential move, and there’s a high probability that this trade may end in profits. Let's see how the price reacts. Entry Price :-1.08271 Take Profit :-1.08707 Stop Loss :- 1.08735 Shortby PraveenTrader1Updated 224
Smart money concept IF the market comeback to my entry point i will take short considering 1.the 4h trend 2.the 15m countertrend 3.the liquidity and manipulation.Shortby shaybeaxmedPublished 223
Bearish Sentiment on EURUSDMy eyes are on this EURUSD potential sell setup. The sell is backed by the following confluences as usual which are- 1) Market Structure(BoS) 2) Supply 3) Imbalance 4) Liquidity So I’m patiently waiting for the retracement to the point of interest. When price gets to it, I’ll head down to a lower timeframe for my entry confirmation ChoCh entry model of a- higher high, higher low,higher high and then an impulsive/aggressive lower low. If this emerges successfully, I’ll then identify my valid point on the ChoCh that will likely be made up of Supply, Imbalance and liquidity. Where is where my entry will be. To target a 1:3RR as profit target. Note that the mark is all probabilities which also makes my analysis a probability. Shortby MeekBosslifePublished 112
$EURUSD longsTook out sell stops and traded above key level. Want to see if go above previous daily high.Longby Malope01Published 112
EURUSD Growth Supported by US Election UncertaintyEURUSD Growth Supported by US Election Uncertainty Yesterday, despite the US reporting very strong PMI data, the USD lost its bullish momentum. At this moment, the market's hesitation to bet on a stronger USD is not related to the FED. Instead, it is driven by uncertainty surrounding the US elections. EURUSD broke out from a bullish pattern after the US PMI data and continues to rise. Currently, I am looking at two short-term targets, but it could increase further. However, everything depends on the outcome of the US elections, which will determine the next price direction. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️Longby KlejdiCuniPublished 1114
EURUSD Will Go Lower! Short! Please, check our technical outlook for EURUSD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 1.079. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.071 level. 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!Shortby SignalProviderPublished 447
"EUR/USD: Is This Sharp Decline Just the Beginning?"The EUR/USD pair has reached a pivotal milestone, surpassing a significant threshold with a 300-pip movement. This substantial shift is backed by a favorable macroeconomic environment, particularly driven by a stronger U.S. economy and the surging dollar, as evidenced by the impressive rally in the U.S. dollar index. In contrast, the European economic landscape is weaker, with continued interest rate cuts by the European Central Bank contributing to downward pressure on the euro. The broader fundamental picture supports the view that this downward trend in the currency pair is likely to persist in the medium term. As the price reaches the 1.078 level, we are now entering a key liquidity zone. This area is crucial, as liquidity pools often play a significant role in shaping price action. The presence of liquidity beneath this level could potentially trigger a reversal or a correction. If a correction materializes, the price could rebound toward the imbalance zone or possibly even retrace to the local maximum. However, any corrective move is likely to be short-lived, as the broader trend remains biased toward further decline. The resistance levels currently stand at 1.085 and 1.087, while support levels are positioned at 1.078 and 1.067. These levels will be key in determining the next moves for the pair. The last time the 1.078 support level was tested was in early August, a factor worth considering as the market faces an aggressive 3% decline. This steep drop could lead to a temporary rebound, especially if the market lacks the necessary momentum to decisively break through the support level. A period of consolidation or a minor correction may provide the market with the breathing room it needs to gather strength for the next leg of the move. What’s noteworthy here is the delicate balance between technical and fundamental factors. The price has reached a zone where liquidity dynamics could drive short-term corrective moves, but the overarching weakness in the euro, combined with U.S. economic resilience, suggests that any upward movement will likely be capped. Traders should be mindful of potential whipsaws around key levels, as the price could oscillate between support and resistance in the near term before resuming its broader downward trajectory. In summary, while the market may see a temporary pullback, the fundamental backdrop favors a continued decline for EUR/USD in the medium term. Traders should watch the liquidity and imbalance zones closely, as they will be critical in shaping price action in the coming days. With resistance levels looming just above and the support levels being tested, the next few sessions could prove decisive in determining whether the pair consolidates or resumes its decline. Either way, the prevailing bias remains bearish, and any short-term correction should be viewed as an opportunity to reassess positions before the downtrend continues.by lonelyPlayer0Updated 223
EUR/USD Holds Ground: Will US Jobless Claims Spark a Rebound?The EUR/USD pair is holding its ground early on Thursday, hovering near 1.0803 as I write this analysis. Despite the lingering risk-averse sentiment in the market, the US Dollar (USD) continues to gain traction, driven by Wednesday’s rise in US Treasury bond yields. The pair managed to stabilize after a four-day slide, but the Greenback’s strength remains evident amid growing demand for safe-haven assets. US Economic Data in Focus The US economic calendar is set to deliver critical data in the second half of the day, including the weekly Initial Jobless Claims and S&P Global PMI data. The market expects the number of new unemployment benefit applications to approach 250,000, a potential increase that could trigger a bearish reaction for the USD. If this data indicates a softening labor market, it could challenge the recent bullish momentum of the US Dollar, causing a shift in sentiment. Given the anticipated economic releases, traders should be prepared for heightened volatility in the EUR/USD pair. Should the data meet or exceed the forecasted rise in jobless claims, it could weaken the USD, providing a potential boost for the Euro. However, the broader market remains cautious, suggesting that any positive move for the Euro could be short-lived. Technical Outlook: A Drop Before a Rebound? From a technical standpoint, we anticipate a potential pullback in the EUR/USD pair following the release of today’s data. The price could dip toward our set Buy Limit levels, presenting a buying opportunity before a possible recovery. Current market dynamics suggest that the pair could experience short-term selling pressure as traders react to the incoming data, followed by a rebound if the economic numbers align with expectations of a softer US labor market. COT Report Insights The latest Commitment of Traders (COT) report continues to show that retail traders are predominantly short on the EUR/USD, while institutional investors—often referred to as the "smart money"—have started to move in the opposite direction. This positioning shift indicates that major players might be preparing for a possible upward move in the pair, despite the prevailing risk-off sentiment. Conclusion: Brace for Volatility As we head into today’s US economic releases, expect high volatility in the EUR/USD. Traders should watch for potential bearish pressure on the USD if jobless claims rise as expected. However, the overall sentiment in the market remains cautious, with the potential for rapid shifts in direction depending on the data outcome. ✅ Please share your thoughts about EUR/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution. Stay alert, manage your risk carefully, and be prepared for both opportunities and challenges as the EUR/USD navigates today’s volatile trading session.Longby FOREXN1Published 3311
EUR/USD: PAT + VPA 10/21/2024Good morning, I will be monitoring the daily candle close today, anticipating a bullish pullback or reversal to develop over the next few weeks. Several indicators have pointed to this: 1. The weekly chart has surpassed the previous high established on December 25, 2023. Currently, the price is attempting to retest the Demand zone that led to the breakout of that high.. 2. The weekly demand zone is identified between 1.0775 and 1.0825. Pay attention to the key level at 1.080, as it appears to be setting up as a robust support level for the currency pair. 3. The market has declined approximately 400 points since September 27, 2024, showing minimal pullbacks on a daily basis. Notably, this price drop has formed a double top without a genuine next line test. I anticipate that prices will rebound to around 1.100 in the coming weeks. A break below 1.100 could trigger a long-term retracement back to the highs at 1.200. Volume signature indicates that market makers are gradually exiting the trend. The weekly outlook remains bullish and is expected to dominate. It's important to note that the weekly chart is currently retesting the bearish flag it broke out of between June 24, 2024, and August 19, 2024. TVC:DXY OANDA:EURUSD XETR:DAX Longby ThePipAssassinPublished 161688
MY VIEW FOR EUR/USDAfter bullish move in 1HR TF price makes CHOCH at my selling zone with confirmation on 5MIN TF entry can be taken. 10 pips of SL and 40 pips of TP which is last confirm low, that's my view/analysis TELL ME WHATS YOUR VIEW...! PS: THIS IS FOR EDUCATIONAL PURPOSE ONLY IM NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS Shortby ArpitninawePublished 113
EURUSD Set To Fall! SELL! My dear friends, EURUSD looks like it will make a good move, and here are the details: The market is trading on 1.0861 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clearshort signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 1.0824 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK Shortby AnabelSignalsPublished 222
EUR/USD long trade ideaEUR/USD long trade idea. This long entry is based off of a few things. Firstly, RSI is oversold and the RSI made a bullish cross over the RSI-based MA. Secondly, the 1.0761 area was a major support area on 4/1/24, 8/1/24, 10/23/24. Third, an ascending trendline from 4/16/24 low, 6/26/24 low and now 10/23/24 low. The stop level is based off fib retracement .786 from 4/16/24 low to 9/25/24 high. The take profit level is based off fib retracement .50 from 9/25/24 high to 10/23/24 low, plus 1/11/24, 3/8/24, 8/5/24 high area. My actual long entry executed was from 1.0764. However, it's simple enough to add a trailing stop loss as well. EUR/USD long trade idea: long = 1.0761 stop = 1.0732 profit = 1.0988 Longby Options360Published 112