OANDA:BTCUSD Entry: 61096.3 Target: 62400 Indicators like MACD and RSI also show bullish signals. Elliott wave theory also indicates that wave c of flat correction is completed. If the analysis is correct 61096.3 can break.
The US dollar strengthened last week, reaching its highest level since mid-February. Despite initial losses, the greenback reversed its trend in response to a shift in global interest rate expectations. Speculation arose that other central banks may relax their policies earlier than the Federal Reserve. The European Central Bank could be among them. This week,...
18th April DXY: Consolidating, could retest 105.90-106 resistance, reject to trade lower, 105.60 NZDUSD: Sell 0.5930 SL 30 TP 60 AUDUSD: Sell 0.6430 SL 20 TP 70 (Hesitation at 0.6395) USDJPY: Do Nothing, Watch for 155 or 153.80 GBPUSD: Buy 1.2440 SL 25 TP 95 EURUSD: Buy 1.0680 SL 20 TP 45 USDCHF: Sell 0.9080 SL 20 TP 40 USDCAD: Buy 1.3720 SL 20 TP...
1. 4H swing is bearish INT is bearish. 2. After swing BOS we can ecpext swing pullback. 3. LQ to the left above the POI Price could pullback to take it before heading up. EQ of the range. 15M TF:
Take a look at our analysis for EURUSD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.063. Considering the today's price action, probabilities will be high to see a movement to 1.072. P.S Please, note that an oversold/overbought condition can last for a...
Please, check our technical outlook for EURUSD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 1.062. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.075 level. P.S The term oversold refers to a...
The longer-term path shows a series of lower peaks followed by lower troughs. This suggests that the current up-leg may be an exploitable rally in the downtrend. The DAX hourly chart is showing signs of support. However, the daily chart is still under pressure. This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and...
We continue to remain in a long context, with the primary short-term target being the Frankfurt maximum. The scenario would be invalidated with a price consolidation below 1.0665.
H4 - Bearish trend pattern. Lower lows. Currently it looks like a pullback is happening. Until the strong resistance zone holds my short term view remains bearish here.
The EUR/USD currency pair is seizing the opportunity for recovery after a period of sharp decline. This resurgence is being strongly driven by the downward pressure on the US Dollar, opening up a wide door for the Euro to push prices back towards the highs. The target for the EUR/USD pair is the vicinity of the SMA 50 area, close to the 0.5-0.618 Fibonacci level....
This is my Intraday analysis on EURUSD for 18 Apr 2024 W16 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bearish Internal Bearish Swing Pullback Phase 2. Swing continuing bearish following the HTF Bearish Trend. Expectations is set for the Swing to stay bearish to fulfill...
The EUR/USD currency pair has surged higher, reaching the level of 1.0672 on Thursday at the start of the Asian trading session. This recovery is being strongly propelled by the downward pressure on the US Dollar, opening up a wide door for the Euro to recover and increase in value. Looking at the chart, we can easily observe the transition from a downtrend to an...
Based on the H1 chart analysis, we can see that the price is falling to our buy entry at 1.0644 which is a pullback support. Our take profit will be at 1.0701, a pullback resistance, close to 38.2% Fibo retracemet The stop loss will be placed at 1.0602, which is a multi-swing low support level. High Risk Investment Warning Trading Forex/CFDs on margin...
Hello everyone, following last week's sharp decline, EURUSD appears to have stabilized, with prices not showing significant changes from the start of the week, hovering around 1.063. The downward trend remains intact, and the descending trendline continues to be effective, favoring sellers. Looking ahead, the relatively weak economic foundations in the Eurozone,...
well it took a day or so longer to play out but we did tap that liquidity. I just took my profits.
Overall, EUR/USD is currently reflecting a downward trend due to the strong growth pressure of the US dollar (USD). This pressure has pushed prices down near the 1.0620 level in the early Asian trading session on Wednesday. However, technical analysis suggests that the market may experience a short-term upward correction. The possibility of prices rising to touch...
EURUSD is rising toward the pivot point close to the 38.2% Fibonacci retracement and could potentially fall to a multi swing low support level that Alternatively, if price breaks above the pivot, it could continue to rise to the next resistance level Pivot: 1.0696 Support: 1.0610 Resistance: 1.0803 Risk Warning: Trading Forex and CFDs carries a high level...
In 4H the low liquidity has been swept and in 1day candle close above previous candle it indicates some bullish move today. in 15min I have makr a chart. it will help you to trade hopefully. Not a financial advice.