The EURUSD pair has been trading within a Channel Down pattern since the July 27 High. So far it has only made two Lower Highs touching its top and we may be starting the sequence that might complete the 3rd. On the short-term we expect the 4H MA50 (blue trend-line) to be tested and the target on our current buy is 1.0700. That is still below the Inner Lower...
The EURJPY pair has been trading within a Channel Up pattern since March. The price is currently on the 1D MA50 (blue trend-line) at the bottom (Higher Lows trend-line) of the Channel Up. As long as the pattern holds (bottom intact, closing 1D candles above it), we have the opportunity for a low risk buy to target the Internal Higher Highs trend-line at...
ONLY FOR PRO FOREX TRADERS =2 scenario can happen when you see buy pinbar on 1h/4h/daily don't fear pick buy with SL in pinbar low,ok advice=90% looking buy for next 6 month , when eurusd start go up, don't pick sell(very dangerous) when your buy goes to profit,don't close it soon, wait minimum 1.1000(filo 61) wish you big profits
On Friday we saw the expected correction and pullback. This week is coming the most important news for the market at the moment. US Interest rate is coming on Wednesday. After the news we expect good opportunities and longer-term trades. We're looking at the exhaustion of the downside move, as the first support is 1.0609. Current levels are not suitable for...
EUR/USD Faces Downside Pressure as USD Strengthens Amid ECB and US Data The EUR/USD pair struggled to sustain its recovery as it faced resistance following comments from ECB President Christine Lagarde. Friday's rebound encountered downward pressure as the US Dollar (USD) maintained its strength, pushing the broad dollar index higher. ECB's Dovish Rate Hike...
EUR/USD Recovers from Six-Month Low After ECB Rate Hike As the week comes to a close, the EUR/USD pair has witnessed a modest rebound, reversing some of its previous day's losses when it hit a nearly six-month low. This decline was sparked by the dovish European Central Bank (ECB) rate decision, which, despite hiking rates for the 10th consecutive time by 25...
The EURUSD pair hit the 1.06350 Support A, which is the Low of May 31st. Today that was followed with a minor rise, so as long as it holds, that's a Double Bottom and a buy signal. Buy and target the Channel Down's top at 1.07450. If the price crosses over 1.07855 (Fibonacci 0.236), buy again and target 1.08550. If on the contrary we get a 1day candle closing...
🤑The EURUSD is in a Bullish phase by a Falling Wedge Pattern. If price manage to break the falling Wedge . the price can easily reach the target after a little correction. ⭐ Note if the Wedge Pattern is broken downwards with the strength of Bearish candles , this analysis of ours will be failed. ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
SLO @ 1.1210 ⏳ TP5 @ 1.1190 TP4 @ 1.1125 TP3 @ 1.1015 TP2 @ 1.0950 TP1 @ 1.0850 BSO @ 1.0715 BLO @ 01.0690 📈 After a +500 pips profit towards the downside, PA should be ready to rock towards the upside again. Let's get this money. R:R @ 1:1 👉🏾 For more info, check out the Big Picture Analysis on my LIVE STREAM www.tradingview.com
Yesterday EURUSD broke the previous low and reached 1,0631. The downside move keep going but we’ll be looking for exhaustion. There will be opportunities upon correction towards 1,0700 and pullback. The next support is 1,0609, where it is advisable to lower the risk of the sells and to look for reversal.
EURUSD reached the bottom of the six week Channel Down, completed a -2.70% decline such as the previous one and turned the 1H RSI extremly oversold (RSI = 17.487, MACD = -0.002, ADX = 31.778). This is a low risk chance to take a short term buy to the top of the Channel Down. Our target is, as with the previous rebound, the 0.618 Fibonacci level (TP = 1.08250). ...
EURUSD stabilizing above 1.07449 will support rising to touch 1.07756 then 1.08289 then 1.09075 stabilizing under 1.06914 will support falling to touch 1.06369 the 1.06036 Pivot Price: 1.06914 Resistance prices:1.07756 & 1.08289 &1.09075 Support prices: 1.06369 & 1.06036 & 1.05503 timeframe: 4H
Traders, do not forget that in less than 2 hours we are expecting the ECB rate decision and a press conference. Here is my technical outlook for EURUSD, ahead of the news. The pair has recently violated 2 structures: a horizontal daily support and a rising trend line. After the violation, the price set a new lower low and started a correctional...
Hey Traders, in today’s trading session we are monitoring EURUSD for a selling opportunity around 1.08 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.08 support and resistance area. Trade safe, Joe.
The EURGBP pair gave us a solid sell signal (1D RSI breaking the Higher Lows) on our last call (August 03) and has already hit our first target (see chart below): The pattern remains a Channel Down since the February 03 High, maintaining the bearish trend unless the 1D MA200 (orange trend-line) breaks. It is also possible to see a transition to a Rectangle...
Hello, traders! EURUSD may fall after hitting the horizontal Resistance level of 1.0820 NOTE: Take next week news under observation. A big surprise in news could devalidate this analysis.
Good morning, fellow traders. It seems that Asia is pushing the price higher towards a liquidity pool. They might run into a higher Order Block, which could potentially lead to a price reversal. The same situation appears to be happening with the USD index. It's essential to keep a close watch on these developments. There's no need to rush into trades, especially...
Yesterday during the news we saw fluctuations within 50 pips without clear direction. ECB interest rate is coming today. Bear in mind that there will be press conference 30 minutes after the news. We’re watching for breakout of yesterdays move. A key resistance remains the levels around 1,0785.