EURUSD Is Trading Under The Pressure Of A Strong Dollar!Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.03700 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.03700 support and resistance area.
Trade safe, Joe.
EUR (Euro)
Bearish reversal off 61.8% Fibonacci resistance?The Fiber (EUR/USD) is rising towards the pivot and could reverse to the 1st support that lines up with the 38.2% Fibonacci retracement.
Pivot: 1.0343
1st Support: 1.0254
1st Resistance: 1.0442
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 POSSIBLE TRADE SETUPPotential Trade Setup on EURUSD
The price broke out of a strong intraday support zone, although the Trend remains bearish and the set Trendline keeps the price on the lower part of the market.
The price is developing, and I am waiting for a retest of the previously broken support and used as resistance before I look for a SHORT trade.
A BUY opportunity is at the top above the weekly Low at 1.04480.
You may find more details in the chart!
Thank you and Trade Responsibly!
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EURUSD Falling Wedge on a bullish divergence.EURUSD is trading inside a long term Falling Wedge and today is posting a strong bullish 1day candle.
The 1day RSI is on a Bullish Divergence (higher lows) for almost 3 months, indicating that a long term trend change to bullish is about to take place.
We expect the first bullish wave upon the Wedge's break out to be contained under the 1day MA200.
Buy and target 1.06900.
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EURNZD - ShortEURNZD Analysis - SHORT 👆
In this Chart EURNZD H4 Timeframe: By Nii_Billions.
❤️This Chart is for EURNZD market analysis.
❤️Entry, SL, and Target is based off our Strategy.
This chart analysis uses multiple timeframes to analyze the market and to help see the bigger picture on the charts.
The strategy uses technical and fundamental factors, and market sentiment to predict a BEARISH trend in EURNZD, with well-defined entry, stop loss, and take profit levels for risk management.
🟢This idea is purely for educational purposes.🟢
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EUR/NZD "Euro vs Kiwi" Forex Market Heist Plan on Bearish🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
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Entry 📉 : You can enter a Bearish trade at any point.
however I advise placing sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest high level should be in retest.
Stop Loss 🛑: Using the 2h period, the recent / nearest high level.
Goal 🎯: 1.82700(OR) Before escape in the bank
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Fundamental Outlook 📰🗞️
Considering these factors, the EUR/NZD pair may experience a Bearish trend in the short-term, driven by:
The fundamental analysis indicates that the New Zealand dollar is strengthening against the euro, due to various economic factors such as:
Improved economic growth: New Zealand's economy is showing signs of improvement, with a growth rate of 1.2% in the second quarter of 2024.
Higher interest rates: The Reserve Bank of New Zealand (RBNZ) has raised interest rates, which has led to a stronger New Zealand dollar.
Stronger commodity prices: Commodity prices, such as dairy and meat, have risen, which has benefited the New Zealand economy.
Fundamental Indicators:
New Zealand economic growth: 1.2% (Q2 2024)
Interest rate differential: 2.5% (RBNZ) vs 1.5% (ECB)
Trade balance: New Zealand: -NZD 1 billion (Q2 2024), Eurozone: €10 billion (Q2 2024)
Commodity prices: Dairy: +5% (Q2 2024), Meat: +3% (Q2 2024)
Market Sentiment:
Bearish sentiment: 60%
Bullish sentiment: 40%
Neutral sentiment: 0%
Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan.
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Potential bullish rise?EUR/USD has reacted off the resistance level which is a pullback resistance and could rise from this level to our take profit.
Entry: 1.0263
Why we like it:
There is a pullback resistance level.
Stop loss: 1.0192
Why we like it:
There is a pullback support level.
Take profit: 1.0348
Why we like it:
There is a pullback resistance level that is slightly above the 61.8% Fibonacci retracement.
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EUR/CHF: Is This the Perfect Bounce or Another Trap?Welcome back! It’s January 14, and this is Mr. Blue Ocean FX diving into EUR/CHF, a pair that’s been hammered relentlessly over the past months. But today, we see a potential scalping opportunity amidst the chaos.
On the monthly timeframe, EUR/CHF shows repeated sweeps of key liquidity levels, with a recent bullish close in December 2023. Scaling down to the weekly timeframe, there’s a clear higher low formation following a massive impulse move from 2023 into mid-2024.
Drilling into the daily and H4 charts, we find strong confluences, including a break-and-retest setup at 0.9405 and decreasing bearish volume—indicators of a potential short-term bounce. On the M30, volume spikes suggest we may sweep liquidity at 0.9418, with targets set around 0.9438.
While EUR/CHF’s overall trend remains bearish, this scalp offers a calculated opportunity with precise entries and tight risk management. I’ll be watching closely for strong breakout confirmations before entering. Remember, this is a high-risk setup, so manage your trades wisely.
Let’s see if the Euro can deliver a brief comeback against the Swiss Franc. Share your thoughts below, and don’t miss the next video for updates!
EURCHF On The Rise! BUY!
My dear friends,
Please, find my technical outlook for EURCHF below:
The price is coiling around a solid key level - 0.9369
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 0.9393
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
EURUSD / Bearish Momentum with Key Levels and Trend OutlookEUR/USD Analysis
The price exhibits bearish momentum, as it has already broken below the pivot line at 1.0367 and closed the weekly candle beneath it. This confirms a downward bias in the near term.
In the short term, the price may retest the area around 1.0345 or 1.0367 before continuing its drop.
If bearish momentum persists, the price is expected to decline further to test 1.0226 and potentially 1.0155.
To transition into a bullish structure, the price must break and sustain above 1.0367 by closing a 4-hour candle above this level. If this occurs, the price could target 1.0437.
Key Levels
Pivot Line: 1.0288
Resistance Levels: 1.0360, 1.0436, 1.0470
Support Levels: 1.0227, 1.0155, 1.0110
Trend Outlook
Consolidation: Between 1.0288 and 1.0346
Bearish Trend: Below 1.0288
Bullish Trend: Above 1.0367
previous idea:
EURGBP Potential DownsidesHey Traders, in tomorrow's trading session se are monitoring EURGBP for a selling opportunity around 0.84300 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.84300 support and resistance area.
Trade safe, Joe.
Heading into pullback resistance?The Fiber (EUR/USD) is rising towards the pivot and could drop to the 1st support.
Pivot: 1.0251
1st Support: 1.0194
1st Resistance: 1.0289
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 at long term 61.8% retracementIntraday Update: The EURUSD as noted earlier, is trading at 1.0200 and slightly below now, but this is a long term 61.8% Fibonacci level of the Sept 2022 lows to July 2023 highs. Intraday, only back above the 1.0230 would take the downside pressure off. Also, over 3bn options are expiring today at the 1.0200 level.
EURNZD to find buyers around market price?EURNZD - 24h expiry
The primary trend remains bullish. Dips continue to attract buyers. Dip buying offers good risk/reward. 20 1day EMA is at 1.8353. We look for a temporary move lower.
We look to Buy at 1.8355 (stop at 1.8295)
Our profit targets will be 1.8505 and 1.8535
Resistance: 1.8340 / 1.8481 / 1.8500
Support: 1.8368 / 1.8350 / 1.8280
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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EURUSD Channel Down bottoming on oversold 4H RSI.The EURUSD pair has been trading within a Channel Down pattern since the December 06 2024 High. The 4H RSI is oversold (<30.00) and every time it has been so on this pattern, it was a buy opportunity.
The target of those buy signals has been the 4H MA50 (blue trend-line). We expect the price to be at least 1.02850 when it hits it.
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Potential bullish rise?EUR/GBP has reacted off the pivot which acts as a pullback support and could rise to the 1st resistance which is slightly above the 61.8% Fibonacci retracement.
Pivot: 0.8361
1st Support: 0.8263
1st Resistance: 0.8490
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.
Bearish drop?EUR/JPY is reacting off the pivot and could potentially drop to the 1st support.
Pivot: 161.39
1st Support: 157.91
1st Resistance: 165.23
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.
Could the Fiber reverse from here?The price is falling towards the pivot and could bounce to the 1st resistance which is a pullback resistance.
Pivot: 1.0185
1st Support: 1.0092
1st Resistance: 1.0340
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 12/1/24Starting the week with our clear bias and understanding of what we aim to trade on EUR/USD. This bias and understanding are, as always, brought to us by Orion, providing precise bias, points of interest, and entry areas.
This week, we observe institutions once again driving the market downward, and we plan to follow this flow. Based on the current market conditions, we are presented with a target low and a major collection of highs, creating a strong area to watch for bearish momentum to return. The game plan is simple: look for a new low to form, giving us targets to aim for. If this happens, watch for the highs to be taken out, which will align us with our short bias. Alternatively, if our current target is reached first, we’ll shift our focus to the highs, providing opportunities to target new lows as the market retraces back to these areas, keeping us in line with the short bias.
Follow what price action shows you and, as always, trust Orion.
Stick to your plan, follow your rules.
EURAUD possible ideaAfter price broke previous high, It initiated a liquidity grab before it preceded to rally and break a previously protected strong higher low. This then gave us a shift in market structure from a bullish to bearish market. Price has currently formed liquidity just below a supply zone that it could use to fuel it's move to the downside, running an established trendline liquidity as well as the latest formed weak low.
EURO - Price can turn around from support area and start growHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some time ago price declined inside falling channel, where it reached resistance line and then fell to $1.0455 level.
Then price moved up to resistance line, some time traded near, and then made downward impulse.
Price exited from channel, breaking $1.0455 level, and started to trades in flat, where it at once rose to resistance area.
In flat, price so long traded in resistance area, after which it turned around and corrected to $1.0250 level.
Euro backed up to resistance area, but at once bounced and dropped below $1.0250 level, breaking it and exiting from flat.
I think that price can turn around in support area and then bounce up to $1.0365, breaking resistance level.
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