The price is falling towards the pivot which acts as an overlap support and could potentially bounce to the pullback resistance. Pivot: 172.42 1st Support: 171.99 1st Resistance: 173.27 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be...
The Fiber (EUR/USD) is reacting off the pivot and could potentially drop to the pullback support. Pivot: 1.0900 1st Support: 1.0860 1st Resistance: 1.09226 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors,...
The EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Rising Wedge pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.0895, positioned close to the breakout...
EUR/USD finally broke out from the Dynamic resistance trend and is now consolidating above it. The Sentiment around the USD is still bearish. The price needs some rest and correction to attract more buyers. After some correction, EUR/USD is likely heading to the 1.098-1.10 zone. Our technical view has been shown in the chart. If you like it then Support us by...
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some days ago price entered to rising channel, where it some time traded between $1.0850 level and then made a downward impulse. Price broke $1.0850 level and exited from rising channel, after which fell to $1.0720 level and at once bounced up. Next, EUR started...
The EURUSD pair has been trading within a Channel Up pattern and as we mentioned on our previous idea (July 08, see chart below), is aiming for a Higher High target at 1.09500: Since last week, the price is getting closer to our Target and the top of the 3-month Channel Up. Based on the pattern's symmetry and the proportions between the Bullish/ Bearish Legs,...
Simple trading - Consolidation Let's take advantage of a potential Weekly swing! Below is the weekly chart showing a potential zone for the price to bounce back and forth between the monthly highs and lows. EURUSD has already poked above the previous week's high. wait for the price to pull back and test the PWH and we can sell confidently with strong bearish...
EUR/USD is falling towards the support level which is a pullback support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.08447 Why we like it: There is a pullback support level which lines up with the 61.8% Fibonacci retracement. Stop loss: 1.08090 Why we like it: There is a pullback support...
The price is rising towards the pivot which acts as a pullback resistance and could potentially drop to the 1st support. Pivot: 0.84037 1st Support: 0.83687 1st Resistance: 0.84306 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be...
EUR/CAD is rising towards a strong resistance zone and could potentially reverse from this level to the downside.
EURCHF - 24h expiry Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. Mixed but positive price action has resulted in consecutive, narrow-ranged, sideways trading days. Offers ample risk/reward to buy at the market. 20 4hour EMA is at 0.9740. We look to buy dips. We look to Buy at...
Hello traders Regarding the daily chart we are in a bearish channel, a upward reaction to the bottom of the chart was seen however 0.8490 was a strong zone that coincide with middle of channel and make prices lower!! Mid term channel is bullish and we are around bottom of the channel, ready tp goes higher! Regarding the current chart while the general trend...
The EURAUD pair has been consolidating sideways for almost 3 weeks following the June 26 Low. Even though this is not near the bottom (Lower Lows trend-line) of the long-term (blue) Channel Down, the fact that it is being formed while the 1D RSI is on Higher Lows, indicates a Bullish Divergence. The last such Divergence occurred on December 25 2023, when the pair...
EUR/JPY has just bounced off the support level which is an overlap support and could potentially rise from this level to our take profit. Entry: 171.81 Why we like it: There is an overlap support level. Stop loss: 170.91 Why we like it: There is a pullback support that lines up with the 127.2% Fibonacci extension. Take profit: 173.24 Why we like it: There is an...
EUR/CAD is falling towards the support level which is a pullback support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.48241 Why we like it: There is a pullback support level which lines up with the 38.2% Fibonacci retracement. Stop loss: 1.47847 Why we like it: There is a pullback support level...
EUR/CAD reacts off the resistance zone and could break into the upside.
EUR/USD is reacting off the pivot which has been identified as a pullback resistance and could reverse to the pullback support. Pivot: 1.0913 1st Support: 1.0843 1st Resistance: 1.0950 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be...