EURGBP Potential UpsidesHey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.87500 zone, EURGBP is trading in an uptrend and now seems to be in an uptrend in which it is approaching the major trend at 0.87500 support zone, once bulls are confirmed i would consider 0.88500 as a target as it's considered the next major resistance zone EURGBP will be facing.
Trade safe, Joe.
Eur-gbp
EurGbp SmC Setupfollo the levels EUR/GBP bears are back in the race during early Monday as the quote drops to 0.8845 amid the initial hours of the European session, after being absent in the last four days.
In doing so, the cross-currency pair retreats from a three-week high while snapping a four-day winning streak.
That said, a downward-sloping resistance line from early February, around 0.8860 by the press time, triggers the latest pullback in the EUR/GBP prices. However, the pair’s downside appears limited as the 50-DMA level of 0.8823 puts a short-term floor under the price.
Following that, a fortnight-long ascending support line near 0.8790 can check the EUR/GBP bears before directing them to the key trend line support stretched from December 19, 2022, around 0.8730 at the latest.
EURGBP Outlook 17 April 2023The EURGBP broke out of the triangle and beyond the 0.8820 price level to trade significantly higher as the price was driven by a weakening of the GBPUSD.
Currently, the EURGBP consolidates just under the immediate resistance level of 0.8860, with a confirmation of further upside potential if the price breaks above the resistance level.
Beyond 0.8860, the next key resistance level is at 0.8925, with interim resistance at 0.8890.
EURGBP Potential downsidesHey Traders, in tomorrow's trading session we are monitoring EURGBP for a selling opportunity around 0.88600 zone, EURGBP is trading in a downtrend and now seems to be in a correction phase in which it is approaching the major trend at 0.886 resistance zone. once bears are confirmed i would consider 0.875 zone as a target as it's considered the next major support area EURGBP will be facing.
Trade safe, Joe.
EURGBP on a confluence test 🦐EURGBP on the 4h chart after the test of the daily support at the 0.87400 area has created an impulse that broke the previous lower highs of the downtrend.
The price moved again at the weekly structure below a daily descending trendline and retest it a few times.
I will wait for a potential break of the structure and IF the price will break above i will set a nice long order according to the Plancton's strategy rules.
EURGBP | Bullish Signal!Based on the current market analysis, it appears that EURGBP is showing a potential bullish signal. The Average True Range (ATR) is currently positive, indicating that the market is experiencing volatility, which can provide opportunities for traders to profit.
In addition, the Moving Average (MA) and other Technical Analysis (TA) tools suggest that the pair has a potential upward momentum. These technical indicators can be used as supporting evidence to confirm the bullish sentiment for EURGBP.
Overall, the positive ATR, along with the bullish signals from MA and TA, indicate that there may be an opportunity to profit from a long position in EURGBP. However, it is important to always be aware of the risks involved in trading and to use appropriate risk management strategies.
EURGBP Breakout and Potential retraceHey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.87900 zone, EURGBP was trading in a downtrend and successfully managed to break it out. We will wait for a correction and then monitor the price action for a potential retrace of the trend at 0.87900.
Trade safe, Joe.
EURGBP Bullish signalEURGBP is trading inside a Triangle with its bottom being Support (1).
This Support held on April 4th and the pair is rebounding.
Today's pullback gives another buy opportunity.
Trading Plan:
1. Buy for as long as the price is closing over Support (1).
Targets:
1. 0.88225 (under the MA50 (1d) and within a +1.10% rise and Fibonacci 0.382). Each of the Triangle's previous Highs broke over a Fibonacci level.
Tips:
1. The RSI (1d) is under a 2 month Falling Support. Keep an eye for the long term. A crossing over it, may signal a long term bullish breakout over the Triangle.
Please like, follow and comment!!
EURGBP feels a need of a correction before potential upsidesHey Traders, in the coming week we are monitoring EURGBP for a buying opportunity around 0.874 zone, EURGBP is trading in an uptrend and now seems to be in a correction phase in which it is approaching the major trend at 0.874 support zone. once bulls are confirmed the first target would be 0.88 before hitting more highs.
Trade safe, Joe.
EURGBP Potential BreakoutHey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.878 zone, if we manage to get a breakout we will consider a potential retrace of the trend at the support and resistance zone mentioned in the chart. Otherwise the plan will be cancelled.
Trade safe, Joe.
EURGBP to possibly plummitAfter we had a break of structure to the downside with momentum, price left an imbalance behind that it retraced to fill it. In the process, it also accumulated some liquidity that it is currently looking to use to fuel its move down to take liquidity it has formed at the bottom as well
EURGBP Targeting 0.89?Hey Traders, EURGBP is trading in an uptrend and now seems to be in a correction phase in which the extending pullbacks are approaching the major uptrend around 0.87500 support and resistance zone, If the rejection is confirmed i would set 0.89 as a target as it's considered the next major resistance EURGBP will be facing.
Trade safe, Joe.
EURGBP can move higher 🦐EURGBP on the 4h chart after the test of the daily support at the 0.87400 area has created an impulse that broke the previous lower highs of the downtrend.
The price moved above a weekly structure and retest it a few times.
Is also interesting to see how the weekly structures lays exactly over the 0.618 Fibonacci area and the 0.5 is a 4h resistance.
I will wait for a potential break of the structure and IF the price will break above i will set a nice long order according to the Plancton's strategy rules.
EURGBP Targeting 0.9?Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.87 zone, EURGBP is trading in an uptrend and now seems to be in a correction phase in which it approaches 0.87 support and resistance zone of the trend. Once the rejection is confirmed i would set 0.9 as a target the resistance of the ascending channel as it's considered the next major resistance EURGBP will be facing.
Trade safe, Joe.
Levels discussed during the webinar 21st March21st March (might not be alot of trading opportunities)
DXY consolidating possible breakout down to 103
NZDUSD: too late, no trade
AUDUSD: buy above 0.67 SL 20 TP 20 (small trade)
USDJPY: break 131.50 SL 40 TP 80
GBPUSD: retrace down to 1.22
EURUSD: likely to up to 1.0760 but not great RR trade
USDCHF: sell below 0.9280 SL 20 TP 40
USDCAD: watch video for the setup with upside & downside potential
GBPJPY: buy from bounce of support 159.00 SL 50 TP 300
GOLD: retest of support, look for buying potential
EURGBP Potential UpsidesHey Traders, in the coming week we are monitoring EURGBP for a buying opportunity around 0.87 zone, EURGBP is trading in an uptrend and now seems to be in a correction phase in which it's approaching 0.87 supply and demand zone of the trend. once bulls are confirmed i would set 0.889 zone as a target as it's considered the next resistance EURGBP will be facing.
Trade safe, Joe.
EURGBP a spike to the 0.618 🦐EURGBp on the 4h chart after the test of the 0.89200 area dropped to the 0.87200 exactly at the 0.618 Fibonacci level.
The price claimed back immediately to the 0.5 Fib level over a weekly structure and is now trading below a minor resistance level.
According to Plancton's strategy IF the market will break above we can set a nice long order as the MTB strategy expect.
EURGBPEURGBP has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
EURGBP Potential UpsidesHey Traders, EURGBP pullbacks are extending towards the major trend, in today's trading session i will be monitoring a buying opportunity around 0.877 supply and demand zone at the trend. if we manage to get a decent rejection 0.89 should be achievable as it consider the next major resistance EURGBP should face.
Trade safe, Joe.
Charting 8 Currencies: A Weekly Forex Analysis and CPI PreviewIn this week's Tradingview analysis, I've examined eight individual currencies and marked off key levels, support/resistance, and trendlines. These charts help me gauge the strengths and weaknesses of different pairs, which I'll be keeping an eye on for the week.
However, the fundamental landscape is also worth watching, especially with the upcoming CPI event. Last week's NFP data was mixed, with some numbers beating expectations while others missed. Traders are now looking to Tuesday's CPI data to get a clearer sense of the market's direction. If the CPI data is a miss, we may see upside in risk assets and downside in the dollar. On the other hand, a beat in CPI could trigger the opposite response.
Here's a brief rundown of each currency:
USD: The 4H chart suggests an uptrend, but a break of the support level could lead to further downside. Reclaiming the key level could signal a continuation of the upside move.
GBP: Recent price action hit a resistance zone, and I expect a pullback. I'll be watching the key level around the 50% fib for a potential bounce or downside move.
EURUSD: The current uptrend may continue, but breaking the trendline and key level could trigger a downside move.
JPY: Price is at an interesting juncture. Breaking the pattern and key level could give it more momentum to the upside, but failing to do so could push price down to the second key level. Watching the US10Y for further downside momentum is also important because it can add strength to the JPY.
CHF: Recent price movements seem stretched, and I'll be watching for any pullback or price action at the prior resistance level.
AUD: The 4H candle just broke and closed below the prior support level, indicating potential downside. A reclaim of the prior support level could indicate a false break.
NZDUSD: Our support level is currently holding. If it breaks, we may see a downward move. However, a breakout above our trendline and key level would suggest a possible bullish move.
CAD: There's currently downside pressure on the CAD. Watching the key level 2 for a potential reversal or further downside move.
Wishing you all the best of luck in your trades, and I hope this breakdown provides some valuable insights.