EURUSD on critical level, supported by the MA100 (1d).EURUSD is turning flat right above the MA100 (1d), which is supporting since June 15th.
This is a critical pivot level as closings over it have been medium term bullish trends, while under it bearish.
Trading Plan:
1. Buy as long as the price closes over the MA100 (1d).
2. Sell if it closes under it.
Targets:
1. 1.11400 (Channel Up top).
2. 1.07150 (Rising Support and near the MA200 1d).
Tips:
1. The RSI (1d) has pulled back significantly to a neutral level but it can be a Bull Flag. A break above its MA, is an extra bullish signal.
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Notes:
Past trading plan:
Eur-usd
EURUSD: Is running out of Triangle space and will soon break outEURUSD is trading inside a Descending Triangle with the 4H MA50 rejecting lately every bullish break out attempt and the 4H MA200 acting as Support. Natually the 4H technicals are neutral (RSI = 43.233, MACD = -0.001, ADX = 36.327) but so are those on 1D. Fundamentally the market is waiting for Friday's Nonfarm Payrolls before it makes a move but even technically, the pair is running out of room inside the pattern.
If the 4H candle closes over the 4H MA50, it will be a bullish break out and we will buy targeting the R2 (TP = 1.10500). If it closes under the 4H MA200 and HL trendline of June, we will sell and target the S2 (TP = 1.07335).
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EUR/USD going to 1.11 (2hr TF)Hello Traders
EUR/USD is ready for wave 5.
Our technical view has been shown in the chart.
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Team Fortuna
-RC
(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.)
Support zone on EURUSDYesterday EURUSD started EU session with rise, but failed to continue and is currently passing below the previous low.
This doesn’t change the main direction we’re looking for and we will watch for pullback from the support zone.
We are more likely to see further pressure towards 1.0778 today, with the NFP data coming tomorrow which may provide new entry opportunities.
EURUSD Yesterday EURUSD continued its sideways movement and we are currently below 1.0900.
We are watching for a reaction from these levels and a buying opportunity.
The objective remains to continue the uptrend and target 1.1080.
This provides an entry opportunity with a very good ratio on a pullback from current levels.
A break above 1.1000 will confirm the upside.
Current EURUSD's resistance continues to hold back the bulls.EURUSD - 24h expiry
Prices stalled near resistance and reversed lower.
Trend line resistance is located at 1.0920.
Further downside is expected.
Risk/Reward would be poor to call a sell from current levels.
Momentum is flat, highlighting the lack of clear direction.
We look to Sell at 1.0919 (stop at 1.0949)
Our profit targets will be 1.0844 and 1.0834
Resistance: 1.0920 / 1.0940 / 1.0950
Support: 1.0900 / 1.0850 / 1.0840
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.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Day off for USDAlthough the Forex market is open 24/5, there are days when it’s better not to trade.
One of those days is the 4th of July- US Independence Day.
US markets will be closed and activity will be lower.
This, of course, doesn’t prevent long-term positions from developing.
We expect a continuation of the rise in EURUSD and a move above 1.1000!
Target Reached! EURUSD ReviewWe recently saw price bounce off our 1.0840 major support level really nicely to reach the 1.0910 level which was our forecasted TP was at.
Dive into all the reasons why we forecasted the bounce to draw insightful lessons!
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Buys on EURUSDOn Friday we saw a break below the previous low of 1.0844 and a sharp rally.
This gives us grounds to consider a buying opportunity.
The aim will be to see a break of the previous high and a move towards 1.1080 and 1.1275.
If the uptrend has started, it should not go below 1.0835 again.
There is again major economic news this week, with lower activity expected tomorrow.
EURUSD This Triangle is keeping it neutral. Trade the break out.EURUSD is on the 4hour MA50, restrained by the Falling Resistance of the short term Triangle.
With the 4hour RSI forming a Double Bottom, the bullish trend is favoured but take the buy only after the price crosses over the Falling Resistance.
Target initially Resistance A at 1.10075 and after a pull back Resistance B at 1.10950.
Previous chart:
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EURUSD high probability levels.We are currently around an important level of activity, so I'll wait to se reaction of the market to the level.
My overall bias is bullish on the pair, but different scenarios should be considered anyway.
The details of entry in low time or entry without confirmation are personal and it is suggested to use different methods for better capital management
EURUSD is heading towards the support zoneYesterday we determined a support zone on EURUSD. During the news we saw a momentum drop and heading towards support zone.
Upon reaching the zone, we will monitor for reaction and entry into buys.
The goal is to continue the uptrend of H1 and target 1.1080.
Today is the last day of the week, month and quarter and more swings are possible!
AUDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.66600 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the major trend at 0.66600 support and resistance zone.
Trade safe, Joe.
EURUSD Potential ReversalHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.10 zone, EURUSD was trading in an uptrend and successfully managed to break it out. Currently EURUSD is in a correction phase in which it is approaching the retrace zone at 1.10 resistance.
Trade safe, Joe.
Support zone on EURUSD The expected decline started yesterday, it’s important now to determine the zone where it can reach.
The levels 1,0779-1,0807 now represent the current support zone.
Upon reaching this zone we will watch for an exhaustion of the decline and pullback.
This will provide a buying opportunity aiming 1,1080.
GDP annualized Q1 for USD will be published today.
EURUSD to breakdown?EURUSD - 24h expiry
Price action looks to be forming a top.
Price action has stalled at good resistance levels and currently trades just below here (1.0980).
Short term RSI is moving lower.
A move through 1.0920 will confirm the bearish momentum.
The measured move target is 1.0820.
We look to Sell a break of 1.0919 (stop at 1.0949)
Our profit targets will be 1.0844 and 1.0824
Resistance: 1.0960 / 1.0980 / 1.1000
Support: 1.0920 / 1.0900 / 1.0820
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.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
GBPUSD Potential DownsidesHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.27400 zone, GBPUSD was trading in an uptrend and successfully managed to break it out. Currently we are waiting for a correction to see a potential retrace of the trend towards more lows.
Trade safe, Joe.
EURUSD: New Channel Up emerging. Buy and target the Resistances.EURUSD broke again over the 4H MA50 after closing over the 1D MA50 and keeping the 4H MA100 intact. The 1D time frame is on excellent bullish technicals (RSI = 60.189, MACD = 0.003, ADX = 30.775) while the 4H MACD formed a Bullish Cross.
We see the potential for the emergence of a Channel Up and every Higher High matches the upper Resistance levels. We are buying every pull back inside the Channel with the end target at the top of the multi month Channel Up (TP = 1.11500).
Prior idea:
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Important levels in EURUSDEURUSD continues to be a non-traded instrument this week.
It broke above 1.0950 yesterday but did not provide an entry opportunity.
While it is below the previous high of 1.1000 we are looking at a downside option.
Important news is coming today and tomorrow that will influence and confirm the next move here.
During this time we continue to trade the JPY crosses!
EURUSD has started the 2nd part of the bullish leg.EURUSD is trading inside a 6 month Channel Up.
The recent rebound on the MA50 (1d) has confirmed the start of the 2nd part of the bullish leg that started at the bottom of the Channel Up on May 31st.
This is in similar fashion as the March 24th rebound.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 1.11400 (top of the Channel Up on the 1.382 Fibonacci extension).
Tips:
1. The RSI (1d) rebounded on its MA line, again same as the March 24th rebound. A sideways RSI trade, will continue to further confirm the similarities of the two bullish sequences and validate our target.
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Notes:
Past trading plan: