Hello everyone, the past two days have been quite eventful in terms of news. At the Frankfurt open, the context shifted to short, with the key intraday target for me being the equal lows established yesterday. Also worth noting is the significant liquidity absorption from the daily timeframe.
EURUSD is currently at the PRZ zone with a bearish divergence. We can expect a short from here. Sentiments are also +91% short.
EUR/JPY is falling towards the pivot and could potentially bounce from this level to the 1st resistance. Pivot: 167.35 1st Support: 166.46 1st Resistance: 169.40 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...
Price is falling towards the pivot which has been identified as a pullback support and could bounce from this level to the 1st resistance. Pivot: 1.6229 1st Support: 1.6174 1st Resistance: 1.6285 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...
EUR/AUD is rising towards a resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could potentially reverse from this level to our take profit. Entry: 1.62787 Why we like it: There is an overlap resistance level that lines up with the 38.2% Fibonacci retracement. Stop loss: 1.63283 Why we like it: There is a...
Price is falling towards a support level which is an overlap support and could bounce from this level to our take profit. Entry: 1.77495 Why we like it: There is an overlap support level. Stop loss: 1.76580 Why we like it: There is an overlap support level which lines up with the 100% Fibonacci projection. Take profit: 1.78571 Why we like it: There is an...
EURAUD - 24h expiry Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Price action looks to be forming a bottom. Intraday signals are mixed. Preferred trade is to buy on dips. Bespoke support is located at 1.6250. We look to Buy at 1.6250 (stop at 1.6210) Our profit targets will be 1.6350 and 1.6400...
EURUSD is overbought on its 1D technical outlook (RSI = 71.115, MACD = 0.002, ADX = 33.336) with the price approaching the top/ LH trendline of the long term Channel Down. It is already past the 0.618 Fibonacci level, where the last LH got rejected but the 1D RSI is right where the tops of December 27th 2023 and March 7th 2024 where formed. This is a solid low...
Hey Traders, in today's trading session we are monitoring EURUSD for a buying opportunity around 1.08350 zone, EURUSD was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.08350 support and resistance area. Fundamentally the CPI of today was quiet priced, nothing...
EUR/AUD seems to be making a new upward wave. EUR/AUD made a good move as Wave 1 and then we can see a big ABC correction. We believe that the price will move upward after touching the multi-resistance level at the 1.626 zone. 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...
EURNZD is currently in an ABC correction. We've completed wave B and now we're in wave C. The completion of wave B can be used as a strict invalidation level for our short play. We can use a channel to gauge the target for wave C, which happens to be the -27 fibonacci extension of wave A. Trade Idea: - Watch for a correction to appear - Enter on break of...
Price is rising towards a resistance level which is a pullback resistance and could potentially reverse from this level to our take profit. Entry: 0.98393 Why we like it: There is a pullback resistance level. Stop loss: 0.98723 Why we like it: There is a resistance at the 127.2% Fibonacci extension. Take profit: 0.97762 Why we like it: There is a pullback...
I'm going to start from the yearly timeframe and work my way down to the monthly, weekly, and lastly the daily timeframe. Here on the yearly timeframe we have price coming into a yearly SIBI a couple of times before displacing down into a yearly Sibi. After which, we have a close above equilibrium, and the subsequent year came up into a yearly Breaker (Body)...
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.
Daily Chart Analysis: A long-term bearish channel is evident. Additionally, a mid-term bullish channel is clearly visible. 1-Hour Chart Analysis: A short-term bullish channel has formed. Trading Strategy: Await a breakout above the zone to consider long positions. Alternatively, short trades could be initiated after a break below the weekly pivot at 1.07605 and...
The EURGBP pair easily hit our 0.5 Fibonacci Target following the symmetrical Double Bottom rebound, as mentioned on our last call (March 20, see chart below): We now switch to the lower 4H time-frame as a strong sell signal emerged. The 4H RSI got rejected inside its 1-month Sell Zone and the pair that is trading within a Bullish Megaphone already reached...
Price has just bounced off the a support level which is an overlap support that aligns with the 61.8% Fibonacci retracement and could potentially rise to our take profit. Entry: 0.8582 Stop loss: 0.8559 Take profit: 0.8618 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party...
The Fiber (EUR/USD) has just reacted off the pivot and could potentially drop to the 1st support. Pivot: 1.0798 1st Support: 1.0727 1st Resistance: 1.0852 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...