Euro H1 | Potential Bullish breakoutThe Euro (EUR/USD) could fall towards a potential breakout level and fall lower towards our take-profit target.
Entry: 1.08278
Why we like it:
There is a potential breakout level (price is exhibiting a potential descending triangle pattern which is typically bearish)
Stop Loss: 1.08459
Why we like it:
There is a pullback resistance level
Take Profit: 1.07971
Why we like it:
There is a multi-swing-low 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.
Euro
Euro H4 | Falling to 50% Fibonacci supportThe Euro (EUR/USD) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 1.07969 which is an overlap support that aligns close to the 50.0% Fibonacci retracement level.
Stop loss is at 1.07220 which is a level that lies underneath a pullback support and the 78.6% Fibonacci retracement level.
Take profit is at 1.08902 which is a pullback resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
EURAUD H4 | Heading into swing-high resistanceEUR/AUD is rising towards a swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 1.66313 which is a swing-high resistance.
Stop loss is at 1.66900 which is a level that sits above the swing-high resistance.
Take profit is at 1.65224 which is a pullback support.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
EURUSD - 2 SCENARIOS 📉📈Hello Traders !
On Thursday 22 Feb, The EURUSD Reached a Strong Resistance Level.
Currently, We Have 2 Scenarios:
Bullish Scenario📈
If The Price Breaks and Closes Above The Resistance Level !
We Will See a Bullish Move...
TARGET: 1.09720🎯
Bearish Scenario📉
If The Market Breaks The Higher Low (1.08028 - 1.08164) and Closes Below That
We Will See a Bearish Move...
TARGET: 1.07670🎯
EURCHF,🔴Sell opportunity🔴(Details on caption)Well, as you can see the price grabbed the liquidity above the previous day's high and shifted the market structure.
We can enter the sell position only with the LTF confirmation in the supply zone.
If you have questions, feel free to ask.
💡Wait for the update!
🗓️28/02/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
Euro can continue to decline to 1.0725 support levelHello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price some days ago started to trades in a triangle, where it first rebounded from the 1.0725 support level, which coincided with the buyer zone and made a strong upward impulse to the resistance line, thereby breaking the 1.0920 resistance level. After this, the Euro turned around and fell to the seller zone, where it rebounded at once, and then tried to rise, but failed and declined lower than the 1.0920 level, breaking it one more time. Next, the price continued to fall, but one time it bounced up to the resistance line of the triangle, after which the price soon rebounded and declined to the support level. Then Euro tried again to rise but fell to the buyer zone, which soon it rebounded up to the resistance line of the triangle, making a fake breakout of the 1.0725 level. In a short time later, the price broke the resistance line, thereby exiting from the triangle pattern and then continuing to move up. But a not long time ago EUR turned around and started to decline. So, in my opinion, the Euro can grow to 1.0860 points, after which it will continue to fall to the 1.0725 support level, which is my TP. Please share this idea with your friends and click Boost 🚀
EURUSD: Looking to resume downtrendThis current bullish move looks to be running its course, resembling a bull flag.
Will be waiting for a confirmation on LTF's to get in short, hopefully before the big news on Friday, which I expect to confirm interest rates staying as they are for longer, and a hawkish fed.
EURNZD: PA & expect fundamentals to continue short biasBig news from the RBNZ shortly, it is possible we'll get a hike, but either way I'm expecting NZD strength as a result.
I'm seeing weaker Euro, and the pinbar shooting star today on the daily candle means price action is also in favour of a continued short trade here.
EURAUD: Expecting a lower breakout of this flagExpecting a drop from this pair, so looking out for a confirmation on LTF's.
There's a squeeze with big rejections from the descending trendline and this pair is coiling in a very small range.
Expecting the breakout below, with Aussie inflation data on Wednesday - AUD inflation has been more stubborn than most so any inflation increase and I will expect Aussie strength, as the BoA is likely to act hawkishly.
EURJPY H4 | Approaching pullback supportEUR/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 162.649 which is a pullback support.
Stop loss is at 162.200 which is a level that lies underneath a pullback support and the 23.6% Fibonacci retracement level.
Take profit is at 163.720 which is a pullback resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
EURO - Price can break resistance line and then start to declineHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some time ago price bounced from support line, which coincided with support level to $1.0965 level.
Soon, price broke this level and rose to $1.1130 points, after which Euro fell lower $1.0965 level, breaking it.
Then price continued to decline in falling channel, where it fell lower $1.0785 level, but later it started to grow.
Price exited from channel and continued to rise near support line, and in a short time later price rose to resistance line, breaking $1.0785 level.
Now EUR trades close to support and resistance lines and I think that price can break resistance line and rise a little.
After this, price will turn around and decline lower support level to $1.0750 points.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
NZDCAD: Local Bearish Reversal?! 🇳🇿🇨🇦
I see a nice bearish reaction to a key daily horizontal resistance on NZDCAD.
After a test of the underlined blue area, the price started to consolidate and formed
a horizontal range on a 4H time frame.
Its support was violated and for us, it is an import sign of strength of the sellers.
We can expect a bearish continuation now at least to 0.83
❤️Please, support my work with like, thank you!❤️
EURCAD: Pullback From Key Level 🇪🇺🇨🇦
I see a nice bullish confirmation after a retest of a broken structure on EURCAD.
The price formed a falling wedge pattern and violated its resistance on an hourly time frame.
We can expect a local bullish movement to 1.4675
❤️Please, support my work with like, thank you!❤️
DOLLAR index The U.S. Dollar Index (USDX) is a relative measure of the U.S. dollars (USD) strength against a basket of six currencies,
including the Euro, Pound, Yen, Canadian Dollar, Swedish Korner, and Swiss Franc.
The index was created in 1973, but remains useful to this day.
The DXY pair is trading with bearish tone and is expected to head lower towards 103.25 and 102.70
102.70 is a gap support zone
104.30-104.20 could act as resistance
Euro H1 | Heading into 61.8% Fibonacci resistanceThe Euro (EUR/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop towards our take-profit target.
Entry: 1.08298
Why we like it:
There is a pullback resistance that aligns with the 61.8% Fibonacci retracement level
Stop Loss: 1.08395
Why we like it:
There is a pullback resistance that sits above the 38.2% Fibonacci retracement level
Take Profit: 1.08102
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.
EURUSD, DOLLAR FALLING??This is a EURO / DOLLAR chart, We are currently neutral in-terms direction bias for this week. Non-Farm Payroll definitely will be the influential factor to our setup.
Setup Breakdown :
WEEKLY
Price is in the Discount in terms of the weekly range and we have seen the first bullish candlestick in the last 5-6 months.
Note : The Premium - Discount zones further left.
Price in the weekly has traded into the Bullish Orderblock and the 2 weeks ago low has been taken out, hence the bullish candlestick for last week's trading.
DAILY
We have a Swing Low After or during a Turtle Soup.
Accumulation and price trading down to a weekly PD Array + taking out stops, makes it more possible to see a AMD Trade .
two large down candles = Orderblock from the weekly, we measured half of the two last down candles and we identified a CE. Below that we have a Balanced Priced Range/ Bullish FVG.
Price inefficiency (notice the latest continuous up candles, well they have created a price inefficiency, Price needs balance. [Hence our speculation of the EU shorting towards our Bullish/ Daily Discount Arrays
We looking to trade towards the Balanced Price Range (BRP) which is inside the Orderblock
SETUP Expectations
Bullish conditions
Price seeks a PD Array to take out the Buy side liquidity laying above, trading to the Weekly Bearish Orderblock .
Thus confirming our AMD
The BRP / +OB / +FVG are our Points of interest, we look to initiate the longs there, just switch to a 15 Minutes or and look for a valid entry between London Killzone / New York Killzone.
There's a high possibility that this is a NFP Setup
We now operating as Proff_InvestsZA, which is actively throughout our social media incase you have questions you wanna ask.
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Forex weekly outlookWeekly outlook TVC:DXY NASDAQ:EU $gu
The #DOLLAR chart does not look clear to me. Last week we had the 1W fvg as DOL and it just worked perfectly.
But the way we have reacted to the 1W fvg suggests we get at least a short term rise on $dxy.
Until we get a decisive close below the 1W +fvg or above the 1D -ifvg, nothing is clear.
I will be patient and start trading from Tuesday. All weekdays look promising since they have high impact TVC:DXY news. Will update again after Monday daily close.
HelenP. I After exiting from wedge, Euro can continue to fallHi folks today I'm prepared for you Euro analytics. If we look at the chart we can see how the price some time ago rebounded from the 1.0750 support level, which coincided with the support zone and started to grow near this level. But some time later price turned around and made an impulse down to the trend line, breaking the 1.0750 level with the support zone. After this, the Euro rebounded from the trend line and started to rise in a wedge, where it rose back to the support level, and soon broke it, after which the price made a retest. Then price some time traded near the support level and later continued to move up to the 1.0830 resistance level, which coincided with the resistance zone. When the price reached this level it at once rebounded and made a little correction, after which EUR made an impulse up to the resistance line of the wedge, breaking the resistance level. But soon price turned around and fell below this level, thereby making a fake breakout of the resistance level. Some the Euro traded near the trend line and even tried to break the 1.0830 level, but failed and recently declined below the trend line, exiting from the wedge and breaking this line. Now, the price trades very close to this line and I expect that the Euro will make retest, after the breakout and then continue to decline. That's why I set my target at the 1.0775 level. If you like my analytics you may support me with your like/comment ❤️
EURO - Price can bounce up to $1.0910, exiting from wedgeHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some time ago price traded near resistance level, which coincided with resistance zone, and later entered to wedge.
In wedge, EUR bounced from resistance line and declined to $1.0780 points, breaking $1.0860 level.
Then EUR tried to rise but failed, making fake breakout of $1.0860 level and declining to support area.
After this, EUR bounced from this area, but soon turned around and fell to support line of wedge, where it started to rise.
In a short time price rose to resistance line of wedge and recently it bounced down to support line.
Now I think it can little fall and then bounce up to $1.0910, exiting from wedge and breaking resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
EURJPY H1 | Potential bullish bounceEUR/JPY could fall towards a pullback support and potentially bounce off this level to rise towards our take-profit target.
Entry: 162.675
Why we like it:
There is a pullback support level
Stop Loss: 162.361
Why we like it:
There is a pullback support that aligns with the 23.6% Fibonacci retracement level
Take Profit: 163.464
Why we like it:
There is a pullback resistance 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.
EURNZD H1 | Potential bullish reversalEUR/NZD could fall towards a pullback support and potentially bounce off this level to climb higher.
Buy entry is at 1.74501 which is a pullback support.
Stop loss is at 1.74000 which is a level that sits underneath the 127.2% Fibonacci extension level.
Take profit is at 1.75219 which is a pullback resistance that lies underneath the 38.2% Fibonacci retracement level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.