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EUR (Euro)

EURCHF Channel Down bottoming and giving a buy opportunity.The EURCHF pair has been trading within a Channel Down pattern on the 4H time-frame and is on its second Bearish Leg, pressured below the 4H MA50 (blue trend-line) since November 08. Having hit the 0.236 Channel Fib, the current forming of Lower Lows is similar to the bottom pattern formed on October 01. Even the 4H RSI sequences between the two fractals are identical, both on a Double Bottom that was the signal to buy at that time. Our Target is 0.93500, still below the 0.5 Fibonacci retracement (blue), which was broken during the October rebound. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
Bearish drop?The Fiber (EUR/USD) is rising towards the pivot which lines up with the 38.2% Fibonacci retracement and could drop to the 1st support. Pivot: 1.0548 1st Support: 1.0496 1st Resistance: 1.0602 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.
Short
by ICmarkets
Bearish drop?EUR/USD is rising towards the resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit. Entry: 1.0550 Why we like it: There is a pullback resistance level that aligns with the 38.2% Fibonacci retracement. Stop loss: 1.0598 Why we like it: There is an overlap resistance level. Take profit: 1.0496 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! 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.
Short
by VantageMarkets
EURUSD: Long term bottom formation. Target 1.09250.EURUSD is almost oversold on its 1D technical outlook (RSI = 32.566, MACD = -0.011, ADX = 28.963) as despite the consolidation since last Thursday, it hasn't yet started to recover. This is however a common price action during bottom formation proccesses (like September and March 2023) and since the 1D RSI is on a bullish divergence (HL), we expect a rally to start soon. In the past rebounds that stopped initially on the HH trendline but for slightly lower risk we are targeting the November 5th High (TP = 1.09250), which started the recent selling. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
EUR/NZD SHORT FROM RESISTANCEHello Traders In This Chart EURNZD 4 HOURLY Forex Forecast By FOREX PLANET today EURNZD analysis 👆 🟢This Chart includes EURNZD market update) 🟢What is The Next Opportunity on EURNZD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
1
EUR/CHF at a Critical Juncture: Will It Move Higher?The EUR/CHF pair has been experiencing a prolonged downtrend over the past few months, with consistent declines culminating in a record low of 0.9208. This scenario underscores strong seller dominance, as the market continually tests new support levels. Descending Triangle Analysis Currently, EUR/CHF is consolidating within a descending triangle pattern. This formation is characterised by a horizontal support line at the base and a descending trend line at the top. It indicates a temporary balance between buyers and sellers, although with escalating selling pressure as each peak becomes lower. Historically, the descending triangle is viewed as a continuation pattern, suggesting a higher likelihood of a breakout in the direction of the prevailing trend, which in this instance is downward. However, the horizontal support around 0.9305 has emerged as a psychologically significant level, acting as a protective barrier for buyers. False Breakout of Support On 19 November, EUR/CHF exhibited a false breakout below this support level, with the price momentarily breaching it. The presence of long lower shadows on the candles indicates a substantial rejection of selling pressure. This behaviour may suggest that, at least in the short term, buyers still maintain the ability to defend this critical level. Additionally, analysing the candle formations at the support provides insights into market sentiment. The emergence of long lower shadows implies that, despite a prevailing bearish environment, active buyers perceive value at current price levels. This rejection may open doors for a potential recovery, particularly if there is a convincing breakout above the descending trend line of the triangle. The sellers' behaviour is also notable: their inability to generate higher highs indicates that while they are persistently pushing prices lower, this pressure is gradually being absorbed by buyers at lower levels. This dynamic interplay of forces makes triangles a critical pattern to monitor, as any breakout—upwards or downwards—typically results in substantial price movement. The key now is to observe whether buyers can gather enough strength to breach the downtrend line, which could invalidate the classic continuation pattern and signify a potential reversal or at least a more pronounced corrective movement. Conversely, if sellers effectively break through the horizontal support without significant rejections, the triangle will confirm its continuation structure, allowing the downtrend to extend. Bullish Scenario If the price manages to break above the triangle’s downtrend line, it could signify a reversal or at least a considerable correction. The initial target for this upward movement would be: First Target: The 0.9500 region, marking the next recent high. Final Target: The 0.9770 level, which represents a significant peak in recent months. A breakout of the upper trend line, supported by confirmations such as increased volume or bullish candlestick patterns, would enhance the potential for upward movement. Bearish Scenario Alternatively, if the support at 0.9305 is broken, EUR/CHF may continue its downward trajectory. Such a breach would align with the descending triangle formation, with potential targets including: First Support: 0.9250 (a psychologically important level and previous support zone). Final Support: 0.9200 or lower, potentially exploring uncharted territory. EUR/CHF stands at a decisive moment. The rejection observed at support and the formation of the triangle provide opportunities in both directions. Monitoring price action against the upper trend line and horizontal support will be crucial for identifying the next significant move in this evolving market landscape. Disclaimer: 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
Long
by Marketscom
EURJPY bottomed on the 1D MA50. +5.40% upside potential.The EURJPY pair has been trading within a Channel Up pattern since the September 16 Low. Yesterday it made a Higher Low on the 1D MA50 (blue trend-line) and rebounded. This is identical to the post December 07 2023 Channel Up, which was also supported by its 1D MA50 until its very top (July 11 2024). The 1D RSI sequences between the two fractals are also similar and even more importantly the Channel Up patterns appear to have a high degree of symmetry. So far the two Bullish Legs have risen by +5.40%. As a result, we are expecting another +5.40% from yesterday's bottom, so our Target is just below it at 170.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
Potential bullish rise off pullback support?EUR/NOK is reacting off the pivot and could rise to the 38.2% Fibonacci resistance. Pivot: 11.62697 1st Support: 11.57462 1st Resistance: 11.72053 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.
Long
by ICmarkets
1
EURUSD strong buy signal if the 4hour MA50 breaks.EURUSD has started trading inside a Channel Up pattern, approaching the 4hour MA50 with its 4hour RSI on the rise. This is identical to the pattern of late October both on price and RSI terms. When that pattern finally closed a candle over the 4hour MA50, the price was catapulted to the 1.618 Fibonacci extension (but remained under the 4hour MA200). As a result, go long if the 4hour MA50 gets crossed and target 1.07550 (Fib 1.618). Follow us, like the idea and leave a comment below!!
Long
by TheCryptagon
1
EUR/USD Outlook: Key Levels and Potential Bearish ContinuationThe EUR/USD chart indicates a bearish outlook, with price currently trading below the pivot line at 1.07719. Bearish Scenario: If the price remains below 1.07719, further declines are likely toward the support levels at 1.06164 and potentially down to 1.05444. A break below 1.05444 could see the price reaching the next support level at 1.03906. Bullish Scenario: If the price manages to rise above the pivot line at 1.07719, it may aim for the resistance at 1.09156. A close above this level would suggest a shift toward bullish momentum, with the next target at 1.10050. Key Levels: Pivot Point: 1.07719 Resistance Levels: 1.09156, 1.10050 Support Levels: 1.06164, 1.05444, 1.03906 previous idea:
Short
by SroshMayi
EURO - Price can break support level and continue fall in wedgeHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price grew inside rising channel, where it at once broke $1.0835 level, after which rose to resistance line. Also, in channel, price made a gap, after which rose to $1.0935 points and then started to decline. Euro exited from channel, and continued to decline inside wedge, where it broke $1.0835 level and fell to $1.0680 level. Price tried to grow, but failed and later broke $1.0680 level too, and continued to decline next to support area. When price reached this area, which coincided with $1.0530 support level, it bounced and now EUR trades near it. In my mind, price can grow to resistance line of wedge and then continue to fall to $1.0425, breaking support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
14
Will EURNZD go bullish or bearish in the ranging market?This pair has been in a ranging market for the past one year and it has not yet shown any signs of breaking out of it. With that, I do anticipate that the price will keep on testing and retesting the fib levels within the zone, and it will test the 0.382 and 0.236 levels(according to the frame) There has been formation of the three rising stars candlestick pattern and an inverted hammer( according to the daily timeframe) and I anticipate that there will be a bearish momentum. I will give an analysis using the shorter timeframe to show the entry levels. Targets are 1.78 and 1.764
Short
by Vapari_Inc
Potential bullish bounce?The Fiber (EUR/USD) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as an overlap resistance. Pivot: 1.0578 1st Support: 1.0532 1st Resistance: 1.0637 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.
Long
by ICmarkets
eurnzd h2 long/short +200/+400 pips swing trade plan🔸Hello traders, let's review the 2hour chart for EURNZD today. Rangebound trading condition recently, currently expecting a re-test of the mirror S/R resistance overhead and then sellers will take over from the resistance. 🔸Key levels for EURNZD traders: 7860 s/r bulls, 8050/60 s/r bears, 7659 mirror s/r bulls level will get re-tested by the bears for liquidity. 🔸Recommended strategy for EURNZD traders: the sequence is long/short so you want to buy low off the s/r bulls at 7860 SL 40 TP +200 pips, this is the bounce play / re-test of the mirror s/r bears at 8050 then flip short at/near 8050+-10 pips SL 50 pips TP1 +200 TP2 +400 pips final exit bears at mirror s/r at 7650. this is a swing trade setup, patience required. good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
Short
by ProjectSyndicate
16
EURNZD / M15 / LONGEURNZD may rise from the Bullish Order Block. BULLISH ORDER BLOCK :- 1.80513 and 1.80451 EURNZD is currently showing a strong uptrend, reflecting bullish momentum in the market. A significant bullish order block has been identified between 1.80513 and 1.80451, just below the current price. This zone represents an area where institutional traders are likely to accumulate buy orders, making it a key level to watch. Traders have two options: either enter a long position now, aligning with the trend, or wait for the price to retrace into the order block for a more optimal entry. This setup is rooted in precision and patience, crucial elements for successful trading. Using Smart Money Concepts (SMC), this setup aligns with institutional trading strategies, providing a strong basis for expecting bullish momentum. There’s a significant possibility that this trade will end in profit. Let’s monitor the price action closely and see how it unfolds! EURNZD / M15 / LONG LOT :- 0.2 Entry Price :- 1.80512 Take Profit :- 1.81157 Stop Loss :- 1.80297
Long
by PraveenTrader1
EUR/JPY Bearish Setup: Supply Zone Rejects, New Lows in Sight!After a significant bearish move, price is consolidating and appears to be respecting the supply zone, suggesting a continuation of the downtrend. Support Levels: Immediate target support at 162.263. Extended target at 160.207. A potential bearish scenario with price rejecting the supply zone, targeting the mentioned support levels. Take Profit (TP): TP1: 162.263 (first support level). TP2: 160.207 (extended support level).
Short
by TopGBanks
1