Bearish drop?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, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
D-EUR
Sell EURUSD Wedge BreaoutThe 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 level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.0847
2nd Support – 1.0809
Stop-Loss: To manage risk, place a stop-loss order above 1.0925. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
EUR/USD bullish view(7/16\2024)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.
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(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.)
EURO - Price can bounce down of resistance line to $1.0850 levelHi 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 to trades inside wedge, where it bounced from resistance line and quickly declined to support line.
After this, price bounced from this line, broke $1.0720 level, and even made a gap, after which continued to grow.
Then Euro reached $1.0850 level, broke it too and made a second gap, after which bounced from resistance line.
Now, I think price can reach resistance line and then bounce down to $1.0850 level, exiting from wedge.
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EURUSD Going for a Higher High rejection. Time the sell.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, once we reach 1.09500 we will reverse to a sell, targeting 1.07250 (bottom of Channel Up).
Technically, once the 4H RSI forms Higher Lows, the new bottom is formed.
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EURUSD - DailySimple 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 price rejection.
*These are my thoughts, not financial advice.
Falling towards the 61.8% Fibonacci support?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 level.
Take profit: 1.09116
Why we like it:
There is a pullback 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.
Could EUR/GBP drop from here?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 suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EURCHF intraday dips continue to attract buyers.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 0.9740 (stop at 0.9718)
Our profit targets will be 0.9795 and 0.9815
Resistance: 0.9768 / 0.9780 / 0.9800
Support: 0.9740 / 0.9720 / 0.9700
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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EURGBP Double ScenrioHello 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 is bearish we are bullish again! ready to jump up from bottom of the channel
Overall chance of rise is a little more
Bullish scenario will be activated after breaking the purple line
Bearish scenario will be activated after breaking the zone
Bulls powers: bottom of all three channel, reaction to the recent zone and bullish mid-term channel
Bears powers: short-term and long-term channels are bullish and we see a strong reaction to the long-term channel.
EURAUD Channel Down bottom = Buy opportunityThe 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 formed the previous Lower Low (bottom). As a result, this is an opportunity to go long and target 1.64500 (+3.40% as the initial rise of the previous Bullish Leg).
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Bullish rise?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 overlap resistance level which lines up with the 50% Fibonacci retracement.
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/CAD has a strong bullish momentum, could it rise further?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 which align with the 61.8% Fibonacci retracement.
Take profit: 1.49069
Why we like it:
There is a pullback 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.
Bearish reversal?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 suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EURUSD 14/7/24The EU this week sits within a bullish trend and bullish range. This, of course, goes against the higher timeframe biases that we have discussed over the last several weeks in our Sunday markups. However, we follow what the price shows us, not what we want it to do.
Coming into this week, we have a relatively neutral bias in terms of direction. Bullish, of course, is our main priority, as that is the way the market is showing us it wants to go. However, the break of the four-hour high, highlighted by the last bullish range, is relatively weak on a larger scale. This leads us to believe there is potential for a pullback or a reversal/continuation of higher timeframe price action.
This brings us to our predictions for this week. First, we need to confirm our four-hour high, which we have not yet confirmed. We have a clear four-hour low, giving us our current bullish range. Based on this, we're looking at the area of demand at the base to push the price higher or for the price to continue higher without interacting with this area at all. If this area fails, we'll be looking at a bearish four-hour range, and ultimately, the price will come down to find a higher timeframe order block to either continue moving higher or break lower, confirming the higher timeframe bias we have been discussing.
Key factors to watch are liquidity across the lows, which will build a lot of momentum if we start to sell off, and the daily candle to see where it closes, as there could be potential for a high timeframe rejection.
EURO - Price can start decline from resistance line of channelHi 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 at once broke $1.0710 level and fell to support line.
Next, price bounced from this line and soon broke $1.0710 level again and made the first gap, after which continued to rise.
Then Euro made correction to support level and then bounced up to $1.0840 level, forming another two gaps.
Some time later, price traded near $1.0840 level, and a not long time ago broke it, after which rose to resistance line of channel.
But then, EUR at once made correction, so now it trying to back up to resistance line.
Possibly, price can reach this line and then bounce down to $1.0820 points, breaking support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️