Get started

Euro

+100/+150 pips GBPUSD H11 short/long trade plan🔸Hello traders, let's review the 1hour chart for GBPUSD today. Solid bounce off the lows in progress, however overhead resistance will cap any immediate upside. 🔸Key levels for GBPUSD traders: 2625 s/r bulls, 2735 s/r bears, 2775 mirror s/r bears level will get re-tested by the bulls for liquidity. 🔸Recommended strategy for GBPUSD traders: the sequence is short / long so you want to short high off the s/r bears at 2735 SL 40 TP 2625 pips, this is the W reversal play / re-test of the mirror s/r bulls at 2625 then flip lonjg at/near 2625+-10 pips SL 40 pips TP1 +75 TP2 +150 pips final exit bulls at mirror s/r at 2775. this is a swing trade setup, patience required. good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
Short
by ProjectSyndicate
6
EURUSD strong buy signal if the 4hour MA50 breaks.EURUSD has started trading inside a Channel Up pattern, approaching the 4hour MA50 with its 4hour RSI on the rise. This is identical to the pattern of late October both on price and RSI terms. When that pattern finally closed a candle over the 4hour MA50, the price was catapulted to the 1.618 Fibonacci extension (but remained under the 4hour MA200). As a result, go long if the 4hour MA50 gets crossed and target 1.07550 (Fib 1.618). Follow us, like the idea and leave a comment below!!
Long
by TheCryptagon
1
EURO - Price can break support level and continue fall in wedgeHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price grew inside rising channel, where it at once broke $1.0835 level, after which rose to resistance line. Also, in channel, price made a gap, after which rose to $1.0935 points and then started to decline. Euro exited from channel, and continued to decline inside wedge, where it broke $1.0835 level and fell to $1.0680 level. Price tried to grow, but failed and later broke $1.0680 level too, and continued to decline next to support area. When price reached this area, which coincided with $1.0530 support level, it bounced and now EUR trades near it. In my mind, price can grow to resistance line of wedge and then continue to fall to $1.0425, breaking support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
14
From Fiat to Crypto: A Pragmatic View on Cross-Asset USD Impact1. Introduction: Why Understanding USD Impact Matters The U.S. dollar (USD) plays a pivotal role in shaping global financial markets, especially for assets denominated in dollars, such as S&P 500 Futures (ES/MES). Its movements affect equity market flows, international capital dynamics, and, ultimately, price trends for USD-denominated instruments. However, traditional methods of gauging USD strength often fall short of capturing the nuanced interplay between fiat currencies and emerging digital assets. To bridge this gap, we introduce a pragmatic and dynamic solution: the USD Proxy. By combining a carefully weighted mix of key global currencies (Euro and Yen) with Bitcoin (BTC), this proxy provides a comprehensive and CME-specific lens for understanding USD strength. It is a modern approach to assess the dollar's “true” influence on equity markets, particularly the S&P 500 Futures. 2. The USD Proxy: A Pragmatic Cross-Asset Index The USD Proxy is built to reflect real-time market dynamics, offering traders a potentially more relevant measure of the dollar’s impact. Unlike static indexes, this proxy is dynamic, continuously adjusting based on three major components: Euro Futures (6E): Representing the largest fiat currency trading block. Japanese Yen Futures (6J): Capturing the Asian market's influence. Bitcoin Futures (BTC): Adding a layer of innovation by integrating cryptocurrency, which operates independently of traditional fiat systems. The weighting is determined by notional values, market prices, and volume-weighted activity as volumes change and evolve through time, ensuring the proxy adapts to liquidity and relative importance. This structure provides a balanced view of USD strength across fiat and crypto markets, making it highly applicable to modern trading. 3. Adjusting S&P 500 Futures Using the USD Proxy To uncover the “true” equity market performance, the S&P 500 Futures can be adjusted using the USD Proxy. The formula is straightforward: Adjusted S&P 500 Futures = S&P 500 Futures Price x USD Proxy Value This adjustment neutralizes the effects of USD strength or weakness, revealing the core price action of the equity market. By doing so, traders can distinguish between moves driven by dollar fluctuations and those stemming from genuine market trends. For example, during periods of a strengthening USD, the unadjusted S&P 500 Futures may appear weaker due to currency pressure. However, the adjusted version may provide a clearer picture of the underlying equity market, enabling traders to make more informed decisions. 4. Regular vs. Adjusted S&P 500 Futures: Key Insights The comparison between regular and USD Proxy-adjusted S&P 500 Futures charts could reveal critical divergences that may have been often overlooked. These divergences highlight how currency fluctuations can obscure or exaggerate the equity market’s actual performance. For instance, while the S&P 500 Futures have recently reached new all-time highs, some market participants may view this as an indication of the market being overpriced. However, when adjusted using the USD Proxy, the chart reveals a different reality: the S&P 500 Futures are far from their highs. This adjustment aims to neutralize the currency's impact, uncovering that the recent record-breaking levels in the unadjusted chart are likely largely influenced by USD dynamics rather than true underlying equity market performance. 5. Trading Opportunities in Adjusted S&P 500 Futures The adjusted S&P 500 Futures chart opens up new possibilities for traders to identify actionable insights and anomalies. By neutralizing the currency effect, traders can: Spot Relative Overperformance: Identify instances where the adjusted chart shows strength compared to the regular chart, signaling robust underlying equity market dynamics. Capitalize on Potential Anomalies: Detect price-action discrepancies caused by abrupt currency moves and align trades accordingly. Refine Entry and Exit Points: Use the adjusted chart especially during high-volatility periods influenced by the USD. 6. Trading Application: A Long Opportunity in Adjusted S&P 500 Futures Trade Setup: o Instrument: S&P 500 Futures (ES) or Micro S&P 500 Futures (MES). o Entry Point: Around 5900.00 o Targets: Primary Target: 6205.75 (aggressive traders, Fibonacci extension level). Conservative Target: 6080.00 (moderate traders, earlier Fibonacci extension). o Stop Loss: Below the entry, calculated to maintain a 1:3 reward-to-risk ratio. Rationale: The adjusted S&P 500 Futures chart highlights a technical setup where the price is reacting to: Breakout to the Upside: The adjusted chart is breaking out of a key resistance level, signaling potential continuation of upward momentum. The 20-SMA: Acting as dynamic support, aligning with recent price behavior. Technical Support Level: A key horizontal level. These converging factors suggest the potential for a bullish continuation, targeting Fibonacci extension levels at 6205.75 or 6080.00. The adjusted chart provides added confidence that the move is not overly influenced by USD fluctuations, grounding the analysis in equity-specific dynamics. Trade Mechanics: o Instrument Options: ES (full-size contract), with a point value of $50 per point. MES (micro-sized version), designed for smaller accounts or precision risk management, with a point value of $5 per point—10 times smaller than the full-size ES contract. o Margins (approximate, depending on broker): ES: Approximately $15,000 per contract. MES: Approximately $1,5000 per contract—10 times smaller than the ES margin. Execution Plan Example: Place Buy Limit Order at 5900.00. Set Stop Loss below the entry, maintaining a 1:3 reward-to-risk ratio. Take partial profits or adjust stop losses as the price approaches 6080.00 for conservative traders or 6205.75 for aggressive targets. 7. Conclusion: A Fresh Perspective on USD and Equity Futures By introducing the USD Proxy and applying it to S&P 500 Futures, traders gain a powerful tool to assess market dynamics. This cross-asset approach—spanning fiat and crypto—bridges the gap between traditional and modern financial metrics, offering unparalleled insights. The adjusted S&P 500 Futures chart neutralizes currency distortions, revealing the market's true movements. Whether identifying divergences, refining trading strategies, or uncovering hidden opportunities, this method empowers traders to approach the market with clarity and precision. As markets evolve, tools like the USD Proxy demonstrate the importance of integrating diverse assets to stay ahead in a complex trading environment. When charting futures, the data provided could be delayed. Traders working with the ticker symbols discussed in this idea may prefer to use CME Group real-time data plan on TradingView: www.tradingview.com - This consideration is particularly important for shorter-term traders, whereas it may be less critical for those focused on longer-term trading strategies. General Disclaimer: The trade ideas presented herein are solely for illustrative purposes forming a part of a case study intended to demonstrate key principles in risk management within the context of the specific market scenarios discussed. These ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. The information provided is based on data believed to be reliable; however, its accuracy or completeness cannot be guaranteed. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.
CME_MINI:ES1!Education
by traddictiv
Euro H4 | Heading into resistanceThe Euro (EUR/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.0647 which is an overlap resistance that aligns close to the 38.2% Fibonacci retracement level. Stop loss is at 1.0738 which is a level that sits above the 50.0% and 61.8% Fibonacci retracement levels and a pullback resistance. Take profit is at 1.0495 which is a swing-low 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. 64% 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 (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 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.
Short
by FXCM
EURUSD Bottom made. Now rally until end of year.The EURUSD pair eventually fulfilled all of our bearish signals since the September top, with the most recent one (November 11, see chart below) successfully hitting our 1.05300 Target: We are now shifting to a long-term bullish sentiment after a long time, as the price finally reached the 1.05185 - 1.04500 Support Zone, which is holding for almost 2 years (since early January 2023). The 1W RSI is virtually identical to the July - September 2023 Bearish Leg, on which we based all of our sell signals, as it was identified from early on that the similarities between the two were strong (1D chart). Now that the 1.236 Fibonacci extension got hit, we expect the bullish reversal to reach at least the 0.5 Fibonacci level, as it happened on November 20 2023. As a result, our Target is currently 1.09400. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
EURUSD 17/11/24As we head into this week, we maintain a bearish bias on the EUR/USD pair. This aligns with last month’s trend, where we consistently sold this pair to the downside. Without a shift in bias, we expect this bearish momentum to continue. Looking at the chart, we’ve identified two key areas of interest for potential selling opportunities. First, there’s a short-term high located around the middle of the current range. This is also a 4-hour high that swept previous short-term highs. Above this, we see an area of unmitigated supply that triggered the last major break of structure, along with a liquidity high just above it. If the price pulls back, it could interact with this supply zone and possibly take out the liquidity highs. However, this pullback would be a counter-trend move. Our primary expectation remains for the price to continue its downward trajectory toward the lows. Last week, the price swept a daily low, highlighted by an arrow on the left-hand side of the screen. This sweep led to a notable upward push, which, while counter-trend, could serve as the catalyst for the pullback we anticipate. The market open will be interesting to watch. If the price gaps upward, it could indicate an intent to move higher before potentially filling the gap later in the week. This would align with the bearish continuation we’ve forecasted. Trade safe and stick to your plan.
by PipSurfingSociety
Trading is not a get rich quick scheme🔸Patience ▪️Market Timing: Not every moment is the right time to trade. Waiting for the ideal setup is crucial. For example, a patient trader waits for patterns, trends, or specific signals to align with their strategy. ▪️Compounding Growth: Wealth through trading often comes from compounding small, consistent gains rather than chasing big wins. This takes time to materialize. ▪️Recovery Time: Losses are inevitable. Patience allows traders to focus on gradual recovery rather than impulsively trying to "win back" losses. 🔸Discipline ▪️Sticking to the Plan: A trading plan is your blueprint. Discipline ensures you execute trades based on logic, not emotion. ▪️Avoiding Overtrading: The temptation to trade constantly can lead to unnecessary risks. A disciplined trader knows when to step back. ▪️Risk Management: Proper position sizing, setting stop losses, and avoiding over-leveraging are all practices rooted in discipline. 🔸Consistent Effort ▪️Continuous Learning: Markets evolve, and so must traders. Keeping up with new strategies, tools, and market conditions is essential. ▪️Routine Analysis: Reviewing past trades to learn what worked and what didn’t helps improve strategies. ▪️Building Experience: Expertise comes from time spent observing patterns, managing emotions, and handling a variety of market scenarios. 🔸Mindset ▪️Long-Term Thinking: Focus on building wealth slowly rather than chasing immediate profits. ▪️Resilience: Markets can be unpredictable. A strong mindset helps traders stay focused after setbacks. ▪️Adaptability: Successful traders adapt their strategies to fit different market conditions instead of forcing trades. 🔸The Journey, Not the Destination ▪️The idea of "getting rich" in trading is often a trap that leads to rushed decisions and excessive risk-taking. Instead, embrace the process: ▪️Track your progress: Measure success in terms of skill improvement, not just profits. ▪️Celebrate small wins: These build confidence and keep you motivated for the long haul. ▪️Remember, trading is a craft—those who approach it with respect, patience, and consistent effort are the ones most likely to achieve sustainable success.
Education
by ProjectSyndicate
9
What I wish I knew when I started Trading1. Study and Trade One Pair Only Focusing on a single currency pair can streamline your learning and help you master market dynamics. 🔸Choose a Pair: Start with major pairs like EUR/USD or USD/JPY. These have high liquidity and predictable patterns. 🔸Understand Its Behavior: Learn the fundamentals and technical characteristics of the pair, such as its volatility, reaction to news, and typical trading hours. 🔸Backtesting and Practice: Use historical data to understand how the pair moves under different market conditions. 2. Losses Are Part of Trading No trader is immune to losses. Handling them effectively is crucial for long-term success. Mindset: 🔸Accept Losses as Learning Opportunities: View losses as part of the cost of doing business, akin to inventory in retail. 🔸Detach Emotionally: Avoid the temptation to revenge trade or let losses affect your confidence. Practical Strategies: 🔸Set Risk Parameters: Only risk 1-2% of your trading account per trade. This limits the damage of a losing streak. 🔸Use Stop Losses: Predetermine the point at which you will exit a trade if it goes against you. This protects you from devastating losses. 🔸Keep a Journal: Document each trade, including reasons for entering, outcomes, and what you learned. Over time, patterns will emerge to guide improvement. 3. Develop Discipline and Patience 🔸Stick to a Trading Plan: Define your entry, exit, and risk management strategies before trading. 🔸Trade Less, Win More: Focus on high-probability setups instead of trading excessively. 🔸Give Yourself Time: Mastery in Forex trading can take years. Trust the process and aim for consistent improvement. 4. Build Resilience to Handle Losses Self-Care: 🔸Step away from the charts after a big loss to regain perspective. 🔸Engage in activities that reduce stress, like exercise or meditation. Review and Improve: 🔸Evaluate losing trades to identify errors. 🔸Adjust your strategy if recurring issues are found. 🔸Focus on the Big Picture: 🔸Track your performance over months or years, not days. This helps put individual losses into perspective.
Education
by ProjectSyndicate
13
EURUSD broke 13 month Low! Strong long term buy signal.EURUSD hit yesterday 1.0500, a price we last saw 13 months ago on October 13th 2023. That is the bottom of the Rectangle pattern and it is technically a rare buy opportunity. Additionally, it appears to be repeating the bearish wave of July - September 2023, which bottomed on step 4 and rebounded above the 0.618 Fibonacci extension. Trading Plan: 1. Buy on the current market price. Targets: 1. 1.09235 (Fibonacci 0.618). Tips: 1. The RSI (1d) is on a Rising Support, thus a Bullish Divergence. That is an additional buy signal. Please like, follow and comment!! Notes: Past trading plan:
Long
by TradingBrokersView
1
HelenP. I Euro will correct to trend line and then start to riseHi folks today I'm prepared for you Euro analytics. In the chart, we can see how the price some time traded between resistance 2, which coincided with the resistance zone and later started to grow the trend line. When the price reached this line, it turned around and started to decline and soon broke the 2nd resistance level. After this, the price continued to fall below the trend line and when it fell to 1.0765 points, the price turned around and rose higher than the trend line, breaking it. Then the Euro rose to 1.0940 points, after which made impulse down to one more resistance zone, which coincided with 1st resistance level. Price tried to grow, but failed and continued to decline next, breaking the 1.0680 resistance level. And recently it reached the trend line and at once rebounded and started to grow. For this case, I expect that EURUSD will correct to the trend line and then start to grow to the 1.0680 resistance level, therefore this level is my goal. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
1
Euro can exit from pennant and rise to 1.0700 pointsHello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price some days ago entered to range, where it at once fell to the resistance level, which coincided with the bottom part of the range. Then price bounced and in a short time rose to the top part of the range and some time traded near, after which it turned around and started to decline. In a short time price broke the 1.1005 resistance level, exited from range, and continued to decline inside the downward pennant. In this pattern, the EUR reached its current resistance level, which coincided with the seller zone, and then started to grow. Price rose to the resistance line and then made impulse down. Euro broke the 1.0760 level, but tried to back and failed, after which continued to decline to support line of the downward pennant. When the price reached this line it a not long time ago rebounded and now, I think that the Euro can exit from the pennant, make a retest or not, and continue to move up. For this case, I set my TP close current resistance level, at 1.0700 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
12
EUR/USD Outlook: Patience Is Key in Uncertain MarketsThe EUR/USD pair is gaining traction as the US Dollar Index retracts from its peak of 107.06, while the euro rebounded from the 1.0500 level yesterday. The exchange rate remains within a key demand zone, and as noted previously, a price pullback could occur if it breaches this range, leading to retracement opportunities. Federal Reserve Chairman Jerome Powell has remarked that the US economy is performing "remarkably well," which paves the way for a gradual reduction in interest rates. In contrast, the minutes from the European Central Bank's October Monetary Policy Meeting suggested a growing inclination towards rate cuts, tempered by concerns over domestic inflation. Today’s release of US Core Retail Sales and overall Retail Sales figures may shed light on the economic outlook. Should the euro continue its upward momentum, traders might contemplate a long position in the upcoming week. Our forecasting model indicates a potential price surge during this period; however, it’s important to recognize that market conditions are influenced by significant movements, including the Trump's rally that has been propelling the DXY to new highs. Thus, exercise patience before entering any trades is recommended at this stage. ✅ Please share your thoughts about EUR/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
by FOREXN1
2
Euro D1 | Pullback resistance at 23.6% Fibonacci retracementThe Euro (EUR/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.0618 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level. Stop loss is at 1.0680 which is a level that sits above the 38.2% Fibonacci retracement level and a pullback resistance. Take profit is at 1.0466 which is a swing-low 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. 64% 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 (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 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.
Short
by FXCM
1
EURO - Price can leave triangle and rise to $1.0765 levelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some time ago price fell to $1.1085 level and some time traded near, after which bounced and rose to $1.1210 points. Then price started to decline in falling channel, where it broke $1.1085 level and fell to support line at once. In channel, EUR declined until to $1.0765 level, which coincided with resistance area and some time traded near. Later, price exited from channel, and entered to triangle, but firstly made a gap and then bounced down. Price broke $1.0765 level and now it trades near resistance line of triangle, so, I think can make correction. After this, Euro will bounce up to $1.0765 resistance level, exiting from a triangle. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
8
EURGBP Channel Down but short-term rebound expected.The EURGBP pair is trading within a 1-year Channel Down pattern since the November 16 2023 High. Three days ago the price made a Lower Low at the bottom of the pattern and rebounded. This was also on the 1.618 Fibonacci extension level, which based on the previous Bearish Leg, has high probabilities of sustaining a Bullish Leg. Assuming the symmetry with January - April 2024 holds, we turn bullish now on this pair, targeting the 1D MA200 (orange trend-line) at 0.84375. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
7
EUR/USD Remains Bearish Amid Trump's Economic PoliciesThe EUR/USD currency pair has experienced a sustained bearish trend for the past five days, largely influenced by the implications of the ongoing "Trump trade." Since the elections, this trade has significantly contributed to the rally of the US Dollar (USD). The USD Index (DXY), which measures the Greenback's strength against a group of foreign currencies, has surged to its highest point since November 2023, driven by anticipations that the economic policies of President-elect Donald Trump will act as a catalyst for growth. Additionally, Trump's proposals to increase tariffs on imports are raising concerns that inflation may rise, potentially prompting the Federal Reserve (Fed) to halt its cycle of monetary easing. Recent data from the US Consumer Price Index (CPI), released Wednesday, suggests that the nation is making sluggish progress in curtailing inflation, implying that there may be fewer interest rate cuts on the horizon for the next year. This situation supports the persistence of high US Treasury bond yields and further elevates the USD's value broadly. According to the latest report from the US Bureau of Labor Statistics, the headline CPI recorded a rise of 0.2% in October, with a year-on-year increase of 2.6%. Notably, the core CPI, which omits the more volatile prices of food and energy, climbed 0.3% last month and saw a 3.3% increase compared to the previous year. These figures reinforce speculation that the Fed could implement a third rate cut in December, amid signs of a cooling labor market. From a technical analysis perspective, the price has approached our identified Demand zone, where we are on the lookout for a potential rebound. However, as of now, there are no indicators suggesting an imminent price increase. Therefore, exercising patience and waiting for confirmation is essential at this stage. ✅ Please share your thoughts about EUR/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
by FOREXN1
3
EUR/USD Outlook: Positive Start Amid Market Anticipation of CPI As I write this article, the EUR/USD pair is kicking off the London session on a positive note, currently trading at 1.0623. However, caution prevails as traders await the release of the US Consumer Price Index (CPI) data for October, scheduled for publication at 13:30 GMT. The forthcoming CPI report is anticipated to reveal an uptick in annual headline inflation, expected to rise to 2.6% from September’s 2.4%. Meanwhile, the core CPI, which excludes the more volatile prices of food and energy, is projected to experience a steady increase of 3.3%. This inflation data is set to sway market expectations regarding the Federal Reserve's (Fed) potential monetary policy actions in December. The market currently expects a 25 basis point cut in interest rates, bringing the target range down to 4.25%-4.50%, as indicated by the CME FedWatch tool. Nevertheless, the probability of this cut has decreased slightly, falling from 70% to 62% over the past week. Investors appear to be recalibrating their expectations, anticipating a more positive economic outlook for the US and heightened price pressures under the upcoming administration of President-elect Donald Trump. From a technical perspective, the market has entered a weekly demand zone (link provided below), which might facilitate a price rebound. The Commitment of Traders (COT) report indicates that while retail investors remain bearish, institutional investors—referred to as 'smart money'—are adopting a bullish stance, albeit with a degree of caution. Our forecasts suggest a possible bullish trend extending into mid-January. For now, we will await today’s news before considering any long positions. ✅ Please share your thoughts about EUR/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
by FOREXN1
1