Potential bearish drop?Price has reacted off the resistance level which is a pullback resistance and could potentially drop from this level to out take profit.
Entry: 1.07879
Why we like it:
There is a pullback resistance level.
Stop loss: 1.08123
Why we like it:
There is a pullback resistance level.
Take profit: 1.07289
Why we like it:
There is an overlap support level which aligns with the61.8% Fibonacci projection.
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.
EUR
EURUSD 12/5/24Starting off this week with euro to the USD I'm looking at a similar scenario from last week where we had a bullish range which held up and followed through into the last session of last week so starting this week I'm expecting the bullishness to continue and for this range to hold. We have a bullish internal range which I am looking for price to run lower. before going bullish or break lower bringing us into the sub 50% of our higher timeframe range, ultimately bringing us higher into the daily order block on euro to then push lower back into the overall trend the price is in.
As it stands I believe price will push lower to start the week and then we will see during the red folder news if we are going to break out of this internal range or if we are going to continue to play bullish within this either way we'll be tracking price action for longs within this range or shorts if we break out and go lower.
Trade safe and read price action!
EURUSD 13-17 May 2024 W20 - Weekly Analysis - EU & US CPI Week!This is my Weekly analysis on EURUSD for 13-17 May 2024 W20 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment
Weekly Chart Analysis
Daily Chart Analysis
4H Chart Analysis
Economic Events for the Week
Market Sentiment
The narrative surrounding the monetary policy divergence between the Fed and the rest of its G10 peers continues to dominate the macro scenario in the market. On this, the FedWatch Tool tracked by CME Group sees the probability of a Fed’s rate reduction in September nearly 70%.
With the inflation reports expected this week (CPI), If inflation stays high but doesn't speed up much more, the Federal Reserve might keep interest rates higher for a longer time. This is because the market is worried about inflation staying high, and if there's a surprise where inflation doesn't increase as much as feared, the reaction will likely be smaller. Powell, said they would only raise rates if they had convincing proof that their current policies are too tight.
Right now, the market expects interest rates to be cut twice by the end of the year. However, if we see another report showing high inflation, those expectations might change. A weaker report might lead to just one rate cut being expected instead of two, but not much more than that. The Federal Reserve might wait until their meeting in September at the earliest to make any major decisions, unless there's a sudden worsening in the job market.
Weekly Chart Analysis
1.
Swing Bearish
Internal Bearish
Reached Swing EQ
Swing Continuation Phase (Pro Swing + Pro Internal)
2.
After the Bearish iBOS we confirmed that the Swing Pullback is over and we will target the Weak INT Low and the Weak Swing Low.
3.
Price had reached the Bearish INT Structure extreme and initiated the Bearish Internal Structure Continuation.
Expectation is to continue bearish and target he Weak INT Low.
4.
Price tapped into a Weekly demand zone that is currently providing Pullback for the continuation down to the Weak INT Low.
Daily Chart Analysis
1.
Swing Bearish
INT Bearish
Swing Continuation Phase (Pro Swing + Pro Internal)
2.
Internal Structure continuing bearish following the Bearish Swing.
3.
After the Bearish iBOS we expect a Pullback.
Price in a clear corrective move to the upside after tapping the Weekly Demand Zone which initiated the Bearish iBOS Pullback Phase.
As expected last week with the probability of a deep pullback, price reached the Daily Supply. With that deep Pullback, there is a HP that we can continue the Bearish INT Structure with expectation to target the Weak INT Low and possibly the Weak Swing Low.
More development required on LTF to show signs of Bearish Structure to validate the expectations.
4.
Daily and Weekly demand zones for reactions to fulfill the INT Pullback Phase.
4H Chart Analysis
1.
Swing Bearish
Internal Bullish
Reached Swing EQ
INT Structure Pullback Phase
2.
Swing continuing bearish following the HTF Bearish Trend. Expectations is set for the Swing to stay bearish to fulfill the HTF targets.
3.
With the 4H INT is Bullish, it's for me not much aligning with the Daily TF which makes the view unclear from a trend prospective.
Are we going to hold Bullish Internal to maybe have a more deeper PB on Daily, or we are going to turn bearish on the 4H Internal to continue the Daily Swing/INT Structure trend.
With the current week inflationary reports coming out from EU and US, most probably we will have more price development that can facilitate a HP setups.
Economic Events for the Week
SELL EUR/USDEURUSD is in a downtrend channel on the daily and weekly timeframe.
Double top pattern was broken and retested at its neckline which also is a strong resistance supply zone at area 1.10.
The next target is a possible retest of the upper down channel at area 1.09 before a drop to the next supply support zone at area 0.85 which will be confirmed after break and closure below of area 1.05.
EUR USD signal EUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world. Follow real-time EUR/USD rates and improve your technical analysis with the interactive chart. Discover the factors that can influence the EUR/USD forecast and stay up to date with the latest EUR/USD news and analysis articles. Confirm signal
BOJ Intervention Again⁉️Hello TradingView Family / Fellow Traders,
EUJPY is currently approaching a massive supply zone marked in red.
For the bears to take over again and start the next bearish impulse movement, a break below the last major low in gray is needed.
Meanwhile, EURJPY would be bullish short-term and can still trade higher.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
EURUSD: Regarding the NewsTwo scenarios:
If the composite index level based on surveyed consumers favors USD or remains normal, we'll follow the red path towards the bottom of the bullish channel.
If any announcement exceeds 77, there's a possibility of breaking below the bottom of the channel.
The dotted green path is in case of any surprise gains for the US dollar. In that scenario, we'll wait for a breakout of the zone and a reversal to it.
EUR USD signal EUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world. Follow real-time EUR/USD rates and improve your technical analysis with the interactive chart. Discover the factors that can influence the EUR/USD forecast and stay up to date with the latest EUR/USD news and analysis articles. Confirm signal
EURUSD#EURUSD
Hello everyone, finally the context has synchronized in the short direction across the daily and hourly timeframes. After the start of the London session, my nearest intraday target is the equal lows below. Ideally, before heading lower, clearing the equal highs formed above during the Asian session would be preferred. The scenario will be considered nullified if the price consolidates above 1.075.
EURNZD in a bear flag.EURNZD - 24h expiry
Price action is forming a bearish flag which has a bias to break to the downside.
Trend line resistance is located at 1.7960.
Rallies should be capped by yesterday's high.
We look for a temporary move higher.
Risk/Reward would be poor to call a sell from current levels.
We look to Sell at 1.7950 (stop at 1.8000)
Our profit targets will be 1.7830 and 1.7800
Resistance: 1.7926 / 1.7966 / 1.8000
Support: 1.7886 / 1.7842 / 1.7800
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.
EURUSD 9 May 2024 W19 - Intraday Analysis - US Jobless ClaimsThis is my Intraday analysis on EURUSD for 9 May 2024 W19 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment
4H Chart Analysis
15m Chart Analysis
Market Sentiment
Nothing changed since the start of the week and as per Tuesday sentiment, investors are waiting for a catalyst to have a clear policy direction for the upcoming quarter.
4H Chart Analysis
1.
Swing Bearish
Internal Bullish
Reached Swing EQ
INT Structure Pullback Phase
2.
Swing continuing bearish following the HTF Bearish Trend. Expectations is set for the Swing to stay bearish to fulfill the HTF targets.
3.
Nothing much changed since yesterday as we just tapping into a demand zone (FLIP) that may provide some bullish reaction.
INT Structure turned Bullish signaling a complex pullback phase with deep pullback that reached the Swing EQ and tapped into the Daily Supply.
Currently with INT Structure is Bullish we don't have a solid confirmation that the Swing PB is over and we will continue Bearish. Instead, INT structure could continue Bullish.
More Price development required from LTF in order to play the INT Structure PB or the INT structure Bullish continuation.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
Long : Phase B (LP)
Short : Phase C (HP)
2.
Finally we are barely out from Friday NFP Range and price still ranging with clear direction.
With a Bearish iBOS we confirmed the 15m Swing Pullback.
Currently price tapped and formed Bullish Sub-Internal Structure that is facilitating the INT Pullback.
Not convinced much of Longs as per our position in the HTF (Tapped into Daily Supply), instead will follow the Bearish INT Structure and look for Shorts from 15m Supply that are well positioned within the Swing.
3.
15m/4H Demand zones for possible longs one reached.
EURUSD: 1D MA50-200 rejection. Strong sell.EURUSD is neutral on its 1D technical outlook (RSI = 51.370, MACD = -0.001, ADX = 29.673) as it got rejected on the 1D MA50-MA200 level, which stopped the bullish wave of the Channel Up from extending higher and potential breaking the pattern. The 1D RSI is on the stage where it should reverse as per March 12th. This is a strong sell signal, TP = 1.05550 (the 1.236 Fibonacci extension level).
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EURJPY to turnaround?EURJPY - 24h expiry
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
The hourly chart technicals suggests further upside before the downtrend returns.
Preferred trade is to sell into rallies.
Although the anticipated move lower is corrective, it does offer ample risk/reward today.
Our profit targets will be 165.50 and 165.20
We look to Sell at 167.40 (stop at 168.10)
Resistance: 168.95 / 171.20 / 175.50
Support: 164.30 / 161.90 / 160.00
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.
EURUSD - 📈 => 📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis (attached on the chart), EURUSD rejected our blue circle zone and traded higher.
What's next?
📈 EURUSD has been overall bearish long-term , trading within the falling wedge pattern in red.
Currently, EURUSD is approaching the upper bound of the wedge pattern.
Moreover, the green zone is a strong resistance.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper red trendline.
📚 As per my trading style:
As #EURUSD approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURUSD 8 May 2024 W19 - Intraday AnalysisThis is my Intraday analysis on EURUSD for 8 May 2024 W19 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment
4H Chart Analysis
15m Chart Analysis
Market Sentiment
Nothing changed since the start of the week and as per yesterday sentiment here, investors are waiting for a catalyst to have a clear policy direction for the upcoming quarter.
4H Chart Analysis
1.
Swing Bearish
Internal Bullish
Reached Swing EQ
INT Structure Pullback Phase
2.
Swing continuing bearish following the HTF Bearish Trend. Expectations is set for the Swing to stay bearish to fulfill the HTF targets.
3.
Nothing much changed since yesterday as we just tapping into a demand zone (FLIP) that may provide some bullish reaction.
INT Structure turned Bullish signaling a complex pullback phase with deep pullback that reached the Swing EQ and tapped into the Daily Supply.
Currently with INT Structure is Bullish we don't have a solid confirmation that the Swing PB is over and we will continue Bearish. Instead, INT structure could continue Bullish.
More Price development required from LTF in order to play the INT Structure PB or the INT structure Bullish continuation.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
Long : Phase B (LP)
Short : Phase C (HP)
2.
Finally we are barely out from Friday NFP Range.
With a Bearish iBOS we confirmed the 15m Swing Pullback.
Currently price tapped into a 4H Demand which could initiate the INT Structure PB.
Bullish CHoCH will be the first sign that the INT PB is starting.
Not convinced much of Longs as per our position in the HTF (Tapped into Daily Supply), instead will follow the Bearish INT Structure and look for Shorts from 15m Supply that are well positioned within the Swing.
3.
15m/4H Demand zones for possible longs one reached.
Could EUR/JPY reverse from here?The price is rising toward a resistance level, which serves as a pullback resistance that aligns with the 61.8% Fibonacci retracement; it could reverse from this level toward our take profit.
Entry: 167.15
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement.
Stop loss: 168.62
Why we like it:
There is a pullback resistance level.
Take profit: 164.05
Why we like it:
There is a pullback support level.
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.
EUR/CHF heading into 61.8% Fibonacci resistance?Price is rising towards a resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.97973
Why we like it:
There is a pullback resistance level which lines up with the 61.8% Fibonacci retracement.
Stop loss: 0.98353
Why we like it:
There is a pullback resistance level.
Take profit: 0.97218
Why we like it:
There is an overlap support level.
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.
EUR/USD Ready to short!(5/7/2024)In our last analysis, EUR/USD FX:EURUSD
Continued the mini bullish move(retracement) and right now the price is ranging.
We believe the price has finished the correction phase and is ready to start a new bearish move.
Our technical view has been shown in the chart.
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Thanks For Reading
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.
Sell EURCAD Channel BreakoutThe EUR/CAD pair on the M30 timeframe presents a potential shorting opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This breakout suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming hours.
Key Points:
Sell Entry: Consider entering a short position (selling) below the broken support level of the channel, ideally around 1.4730 after confirmation of the breakout. This offers an entry point close to the perceived shift in momentum.
Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones:
1.4677: This represents the first level of support within the channel.
1.4645: This is a further extension of the downside target, based on the height of the recent price movement before the breakout.
Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the channel, ideally around 1.4745. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.