EURNZD intraday dips continue to attract buyers.EURNZD - 24h expiry
Bespoke support is located at 1.8000.
A lower correction is expected.
We look to buy dips.
Expect trading to remain mixed and volatile.
Daily signals are mildly bullish.
We look to Buy at 1.7995 (stop at 1.7955)
Our profit targets will be 1.8095 and 1.8125
Resistance: 1.8050 / 1.8090 / 1.8109
Support: 1.8000 / 1.7980 / 1.7935
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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F-EUR
EURGBP - Short Trade IdeaThis is a short idea I have, and most likely it will come to fruition. We have a good liquidity pool taken out with a great reversal displacement. We also have a great draw on liquidity for the buyside.
See here for my analysis on the Daily timeframe.
Refer to my notes within the screenshots for context.
Happy trading!
- R2F
EURUSD 25 Apr 2024 W17 - Intraday Analysis - US GDP / JoblessThis is my Intraday analysis on EURUSD for 25 Apr 2024 W17 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment
4H Chart Analysis
15m Chart Analysis
Market Sentiment
Euro's recent strength: The Euro has gained some ground against the USD lately, fueled by weaker US data and supporting the Pullback Phase after the YTD lows.
US data as a game changer: The upcoming US GDP and Jobless Claims reports are the main event. Strong numbers could significantly strengthen the USD, reversing the Euro's recent gains.
Cautious market: Investors are holding back until the data is released, creating a wait-and-see sentiment that could limit the Euro's upside potential specially with US PCE Inflation Report tomorrow.
4H Chart Analysis
1.
Swing Bearish
Internal Bearish
INT / Swing Pullback Phase
2.
Swing continuing bearish following the HTF Bearish Trend. Expectations is set for the Swing to stay bearish to fulfill the HTF targets.
3.
After a BOS we expect a Pullback. Price tapped into the Weekly demand and initiated the Swing Pullback Phase.
With the Bullish OF and as expected price reached the 4H supply with possible reaction from there.
Expectations is set to continue Bullish to facilitate the 4H Swing Pullback.
4.
As price reached the 4H Supply with Bullish OF, price showed a bearish reaction as expected to facilitate a Pullback to recent Demand.
Price tapped into the 4H Demand and currently in the momentum to create a new high.
As indicated previously, the Liquidity on the left above the 4H Supply and possibly the Swing EQ are the targets.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
Long: Phase A
Short: Phase C (Require Bearish iBOS)
2.
Price mitigation to the 4H Demand.
3.
Price turned bullish after mitigating the 4H Demand turning INT structure to Bullish.
With INT structure is Bullish, expectations are set that we are going to target the Weak Swing High.
But be mindful that we are still within the 4H Supply Zone that is partially mitigated yesterday so Phase A2 after the BOS will be tough. But Phase C will be applicable if we have a Bearish iBOS.
Approaching resistance at 61.8% Fibonacci retracementEUR/AUD is rising towards a resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.65020
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement
Stop loss: 1.65572
Why we like it:
There is a pullback resistance level
Take profit: 1.64152
Why we like it:
There is a pullback support level
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EURUSD is approaching an important resistanceHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.08000 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.08000 support and resistance area.
Trade safe, Joe.
EURAUD: Rejection at the top of the Channel Down.EURAUD has turned marginally bearish on its 1D technical outlook (RSI = 44.934, MACD = 0.000, ADX = 23.651) and dropped under the 1D MA50 and 1D MA200. This happened at the top of the Channel Down. We turn bearish, aiming at a symmetric LH wave of -4.31% (TP = 1.60250).
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EUR/JPY has a strong bullish momentum, could it rise further?Price is falling towards a support level which is a pullback support that aligns with the 23.6% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 165.195
Why we like it:
There is a pullback support level which aligns with the 23.6% Fibonacci retracement.
Stop loss: 164.439
Why we like it:
There is a pullback support level which aligns with the 50% Fibonacci retracement.
Take profit: 166.00
Why we like it:
There is a resistance level at the 127.2% Fibonacci extension.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
EUR/USD: From Disappointing PMI to Dollar DeclineFollowing yesterday's PMI reports, the EUR/USD pair is riding a bullish wave. It's currently trading at 1.0690, up from our starting point at 1.06150. Traders are optimistic about a continued bullish trend, backed by shifting market dynamics and data-driven sentiment.
The recent surge in the EUR/USD can be traced back to disappointing PMI results from the US, which triggered a sell-off in the Greenback. This, coupled with uncertainty surrounding the timing of a Federal Reserve rate cut, has weakened the Dollar further. Market expectations for a rate cut have shifted from July to September, adding downward pressure on the Dollar and boosting the Euro's momentum.
A key factor driving the Euro's strength is the contrast in monetary policies between the Federal Reserve and the European Central Bank (ECB). While the Fed navigates economic indicators and inflation pressures, the ECB maintains a dovish stance, hinting at potential easing measures. This divergence favors the Euro as investors seek currencies supported by accommodative central bank policies.
Traders are now watching for a successful retest of key resistance levels, particularly around 1.06800. A breakthrough could fuel further upside momentum for the Euro against the Dollar.
In summary, the EUR/USD rally reflects the complex interplay of economic data, monetary policy, and market sentiment. As traders adapt to evolving market conditions, opportunities emerge for those who can decipher signals and capitalize on emerging trends. With bullish sentiment prevailing, the EUR/USD pair is poised for further gains, signaling a potential continuation of the Euro's rise against the Dollar.
EURUSD 24 Apr 2024 W17 - Intraday Analysis - US Durable GoodsThis is my Intraday analysis on EURUSD for 24 Apr 2024 W17 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment
4H Chart Analysis
15m Chart Analysis
Market Sentiment
EURUSD is slightly bullish: The Euro is currently showing some strength, having gained yesterday strong Euro data and on weaker US data.
Market is cautious: Upcoming US inflation data is keeping investors cautious, potentially limiting gains for the Euro. US Durable Goods will be the watch today for volatility.
4H Chart Analysis
1.
Swing Bearish
Internal Bearish
INT / Swing Pullback Phase
2.
Swing continuing bearish following the HTF Bearish Trend. Expectations is set for the Swing to stay bearish to fulfill the HTF targets.
3.
After a BOS we expect a Pullback. Currently price within the Weekly Demand and approaching a 4H/Daily demand zone.
As expected price reached the 4H supply with possible reaction from there.
Expectations is set to continue Bullish to facilitate the 4H Swing Pullback.
4.
4H Supply zone for possible reactions. But note that it's not well positioned within the 4H Swing (In Discount) so there is a probability that it will get run till the Swing EQ/Daily Supply zone.
Bearish CHoCH will be the first sign fora bearish reaction from the 4H Supply.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
Long: Phase A2
Short: Phase C (Require Bearish iBOS)
2.
Price had created another Bullish Swing BOS aligning with the HTF requirements for a Pullback.
Price had reached 4H Supply zone which could initiate the Swing Pullback Phase. For a PB phase to start we need a Bearish iBOS.
3.
Current INT Low is the 4H Fractal CHoCH
EURUSD above the 4H MA50 after 2 weeks.The EURUSD pair broke above the 4H MA50 (blue trend-line) today for the first time in almost 2 weeks (since April 10). Our long-term bearish Target (1.05500) is intact, as called on April 02 (see chart below):
The 4H MA50 test should be a rejection though as it has been done while the pair is forming a Bear Flag. That is similar to the February 12 test which resulted into one final drop on the bottom (Lower Lows trend-line) of the long-term Channel Down.
We expect a strong medium-term rebound after the price hits 1.05500 and our Target will be 1.0800, which is marginally below the 0.618 Fibonacci retracement level, the mark that priced the March 08 (Lower) High.
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EURUSD 23 Apr 2024 W17 - Intraday Analysis - EU/US PMI Day!This is my Intraday analysis on EURUSD for 23 Apr 2024 W17 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment
4H Chart Analysis
15m Chart Analysis
Market Sentiment
Today's EUR/USD Forex market is going to be influenced by big economic news. This includes updates on the Purchasing Managers Index (PMI) for both the Eurozone and the USA.
Right now, the EUR/USD pair is ranging as we get ready for today PMI updates. Both the US and Europe will be releasing their PMI numbers today.
These PMI numbers tell us a lot about how well the economy is doing and can really impact the EUR/USD. If the numbers come in higher than expected, it's likely good news for the currency, but if they're lower than expected, it could mean trouble for the currency.
4H Chart Analysis
1.
Swing Bearish
Internal Bearish
INT / Swing Pullback Phase
2.
Swing continuing bearish following the HTF Bearish Trend. Expectations is set for the Swing to stay bearish to fulfill the HTF targets.
3.
After a BOS we expect a Pullback. Currently price within the Weekly Demand and approaching a 4H/Daily demand zone.
With the INT Structure Pullback Phase initiated after the Bullish CHoCH, Price is ranging within the Fractal High/Low. No clear direction and price is ranging between Weak Supply / Demand but expectations is set to continue Bullish to facilitate the 4H INT and Swing Pullback Phases.
4.
4H Supply zone for possible reactions. But note that it's not well positioned within the 4H Swing (In Discount) so there is a probability that it will get run till the Swing EQ/Daily Supply zone.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
Swing Continuation Phase
2.
Price is ranging within the Bullish 15m Swing with INT structure is shifting between Bullish/Bearish.
This is clear that we have a complex INT Structure which shows uncertainty of clear direction.
3.
With the current INT Structure is Bullish, Expectations is set to continue Bullish and run the Weak INT High to target the Weak Swing High as long the INT Strong Low holds.
Another mini wave Upward for EUR/USD(4/22/2024)In our last analysis, EUR/USD FX:EURUSD Continued the bearish move and right now the price is ranging.
We believe the price will move upward as a correction.
Our technical view has been shown in the chart.
If you like it then Support us by Like, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.
EURUSD 22 Apr 2024 W17 - Intraday Analysis - EU ConfidenceThis is my Intraday analysis on EURUSD for 22 Apr 2024 W17 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment
4H Chart Analysis
15m Chart Analysis
Market Sentiment
The sentiment for the EUR/USD pair today is largely influenced by macroeconomic factors. On one hand, the Eurozone economy has been sluggish, which is holding back the Euro. On the other hand, the US Federal Reserve’s hawkish stance is keeping the US dollar underpinned.
4H Chart Analysis
1.
Swing Bearish
Internal Bearish
INT / Swing Pullback Phase
2.
Swing continuing bearish following the HTF Bearish Trend. Expectations is set for the Swing to stay bearish to fulfill the HTF targets.
3.
After a BOS we expect a Pullback. Currently price within the Weekly Demand and approaching a 4H/Daily demand zone.
With the INT Structure Pullback Phase initiated after the Bullish CHoCH. Price had a deep PB to the 4H Demand formed.
Expectations is set to continue Bullish to facilitate the 4H INT and Swing Pullback Phases.
4.
4H Supply zone for possible reactions. But note that it's not well positioned within the 4H Swing (In Discount) so there is a probability that it will get run till the Swing EQ/Daily Supply zone.
15m Chart Analysis
1.
Swing Bullish
Internal Bearish
Swing Continuation Phase
2.
INT Structure turned Bearish after mitigating the 4H Supply zone.
Sub internal is currently Bullish and there is a HP that the Strong INT High will get run based on the Bullish Swing Objective and the current Swing Continuation Phase.
3.
15m Demand Zones nested within a partially mitigated 4H Demand.
Wouldn't be much confident to look for long entries from here if we didn't have a Bullish BOS as when price is here it will mean that INT is so bearish that the current 15m Swing Low / 4H Low will be run.
Could EUR/CAD bounce from here?Price is falling towards a support level which is a pullback support that aligns with the 78.6% Fibonacci projection. A bounce from this level could lead the price to rise to our take profit.
Entry: 1.46155
Why we like it:
There is a pullback support level which aligns with the 78.6% Fibonacci projection
Stop loss: 1.45877
Why we like it:
There is an overlap support level
Take profit: 1.46737
Why we like it:
There an overlap resistance level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
EURUSD 21/4/24EU here now confirming our low we spoke about last week!
because of this we will be sticking to our markup from last Sunday, due to this we don't have a huge amount of context to add to this markup. for more info feel free to check the chart from last week!
We have 2 zones of supply we are looking at but i am not expecting price to get up into our highest point.
Trade safe and stick to your risk!
EURGBP Broke out and important resistanceAttention Traders,
In anticipation of tomorrow's trading session, our focus is on EURGBP, where we're closely monitoring a potential buying opportunity around the 0.86000 zone. EURGBP has recently broken out from a significant resistance level at 0.86000, signaling a bullish shift in momentum. Currently, the pair is undergoing a correction phase, retracing towards this breakout level.
As we navigate the markets, it's essential to remain vigilant and capitalize on emerging opportunities. With EURGBP displaying a breakout above 0.86000, we're keenly observing for favorable entry points to capitalize on the bullish momentum in the pair.
Trade wisely,
Joe
EURUSD 22-26 Apr 2024 W17 Weekly Analysis – EU PMI / US PCEThis is my Weekly analysis on EURUSD for 22-26 Apr 2024 W16 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment
Weekly Chart Analysis
Daily Chart Analysis
4H Chart Analysis
Economic Events for the Week
Market Sentiment
In light of the recent passage of an aid bill for Ukraine, Israel, and Taiwan by the U.S. House of Representatives, it is anticipated that this could escalate geopolitical tensions. This, in turn, may prompt investors to seek refuge in safe-haven assets, thereby bolstering the strength of the U.S. dollar. This trend is likely to be further reinforced by the divergent monetary policies of the Federal Reserve and the European Central Bank.
The market will also be looking at the release of the Personal Consumption Expenditures (PCE) index, which is the Fed’s preferred measure of inflation.
Weekly Chart Analysis
1.
Swing Bearish
Internal Bearish
Reached Swing EQ
Swing Continuation Phase (Pro Swing + Pro Internal)
2.
After the Bearish iBOS we confirmed that the Swing Pullback is over and we will target the Weak INT Low and the Weak Swing Low.
3.
Price had reached the Bearish INT Structure extreme and initiated the Bearish Internal Structure Continuation.
Expectation is to continue bearish and target he Weak INT Low.
Daily Chart Analysis
1.
Swing Bearish
INT Bearish
Swing Continuation Phase (Pro Swing + Pro Internal)
2.
Internal Structure continuing bearish following the Bearish Swing.
3.
After the Bearish iBOS we expect a Pullback.
Currently price is within the Weekly Demand and swept Liq from the left.
Price could initiate a PB at anytime or after reaching the Daily Extreme Demand.
CHoCH is currently away from current price so maybe we can create a new low before we initiate the INT PB Phase.
More price development required.
4.
Daily and Weekly demand zones for reactions to fulfill the INT Pullback Phase.
4H Chart Analysis
1.
Swing Bearish
Internal Bearish
INT / Swing Pullback Phase
2.
Swing continuing bearish following the HTF Bearish Trend. Expectations is set for the Swing to stay bearish to fulfill the HTF targets.
3.
After a BOS we expect a Pullback. Currently price within the Weekly Demand and approaching a 4H/Daily demand zone.
With the INT Structure Pullback Phase initiated after the Bullish CHoCH. Price had a deep PB to the 4H Demand formed.
Expectations is set to continue Bullish to facilitate the 4H INT and Swing Pullback Phases.
4.
4H Supply zone for possible reactions. But note that it's not well positioned within the 4H Swing (In Discount) so there is a probability that it will get run till the Swing EQ/Daily Supply zone.
Economic Events for the Week
Eurnzd waiting for a push higher for break upHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Watching for the break up
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
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