Eurodollar
Eurusd New Month .. New Lows to 1.07? 🛎️Traders! (≖_≖ ) we haven't seen a steady trend like this with 7 weeks of the same candles since June 2020.
0:0 Monthly timeframe
1:35 Weekly timeframe
5:13 Daily timeframe
7:25 4hr timeframe
9:46 1hr timeframe
11:30 Bias
Hello traders. Yes, we did just create a daily support today at 1.0773. However, this support was created during a Bank Holiday and if you've hung around the block long enough in forex you know that Bank Holiday's have low volume and we should acknowledge them accordingly.
If we do end up curling back to the upside here on Eurusd we do have 2 clean ranges on the 1hr and 4hr timeframes so long as we get above 1.08. With that said, the market is not random and we must act accordingly as we may coninue to descend into the depths below as we have been for nearly 2 months now. It is important to be flexible at times this . Bulls and Bear got thrown around last week with a early in the week Bullside push followed by a continuation of higher timeframe momentum to end the week, that also coincided with decent NFP data that was released better than expected. It is possible that we will soon touch into the next daily support level 1.0744. Momentum is still prevalent and so we must allot to it our due diligence.
The Previous Week / Fundamental Releases and Price Action 🕋In this video we start by observing the movement of Eurusd from a top down perspective. We eventually break down the week's fundamental news releases and their impact on price behavior on the 1 hour timeframe as this is the bulk of the video. This week we went up and they came straight back down. Fundamental news releases played a suspicious role in the price behavior this week and we investigate their significance.
EUR/USD Daily Chart Analysis For Week of September 1, 2023Technical Analysis and Outlook:
The Eurodollar rebounded off to our Mean Res 1.090 and some more; however, as a solid ongoing pivotal move, sentiment mode is dictating the designated target of the Outer Currency Dip 1.070 is inevitable.
EURUSD potential support According to the 4h time frame we can see the EURUSD has created a H&S pattern and retested the minor supporting area with a bearish candle. So my expectation is that EURUSD could break down the support and reach to 1.0669 area. Then we can find trigger for long positions
EURUSD - 1H fall from resistance zoneThe EURUSD has entered the supply zone, leading to buyers liquidating their positions and promptly initiating short positions.
The long term bearish trend will continue, and it was just a major pullback.
EURUSD Analyze (Road Map)!!!🗺️(15 min)🏃♂️ EURUSD is running in the 🟢 Support zone 🟢.
🌊According to Elliott's theory , EURUSD has completed its 5-wave downtrend at the 🟢 Support zone 🟢.
🌊It seems that correction waves will start from the 🟢 Support zone 🟢.
🔔I expect EURUSD to rise at least until the end of wave 4 .
Euro/U.S.Dolalr Analyze (EURUSD), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Messy Monthly Candle close😾🐱Just look at this ruthless pullback breaking hearts during this monthly candle close.
0:0 Monthly Timeframe and previous Long Call
2:14 Weekly timeframe
3:34 Daily timeframe
7:10 4hr timeframe
9:50 1Hr timeframe
12:01 Fundamentals
If you've been around long enough, you would understand that the monthly candle close in forex can be tricky. Price pulled up during this previous daily candle close and that was probably the most straightforward move in the market that've I've seen in months. The 1.086 move towards 1.093 was very easy to anticpate. That was like the 1 trade a month sort of trade. Tbh I don't see a whole lot occuring prior to NFP data during friday NY session. We've already moved up a decent amount on the week. Tbh we've already hit my Weekly bullish targets being 1.093 and 1.09. With NFP, ohh mann, what a wild close to the week if we retrace towards 1.10 with a continued sentiment , Risk on , Sell USD
Countertrend push early in Week 🦖 We can observe a countertrend push early in the week here
0:0 Monthly timeframe and upcoming economic data this week
3:28 Weekly timeframe
4:48 Daily timeframe
6:40 4hr timeframe
9:05 1hr timeframe
Will this countertrend push to the upside maintain despite obvious bearish momentum stretching from the Monthly timeframe? We'll see how far price will retrace here as my thoughts are a touch into the most recent daily resistance zone at 1.0864. Today during NY and London sessions we ranged hard which is expected for Monday. It Built up energy as price decided to increase through the transition of the new daily candle. Given this bullish daily candle close on monday, I'm anticipating a further retracement and pullback on the higher timeframes to 1.086 to 1.087. Key zones are 1.08225 1hr zone and 1.0806 4hr support zone. We also may see price touch 1.0795. I am looking for a Weekly wick fill this week as we have momentum on the higher timeframes. Housing data, consumer confidence and job openings will play bring some volatility during NY and So I will be looking out for that.
$EURUSD Up Sloping Trend Line FX:EURUSD Up Sloping Trend Line An "Up Sloping Trend Line" is a basic concept in technical analysis, a method used to analyze and forecast the price movements of financial assets like stocks, currencies, commodities, and more. This trend line is a graphical representation of an uptrend or bullish movement in the price of an asset over time.
Here's how it works:
1. **Construction**: An up-sloping trend line is drawn by connecting the successive higher lows in an uptrend. In other words, you start by identifying a series of low points on the price chart, and then draw a straight line that connects these low points. The idea is that as long as the price remains above this trend line, the overall trend is considered upward.
2. **Uptrend Confirmation**: An up-sloping trend line confirms the presence of an uptrend in the market. It signifies that buyers are consistently entering the market at higher prices, indicating increasing demand and positive sentiment.
3. **Support Levels**: An up-sloping trend line acts as a dynamic support level. In the event that the price retraces or experiences a temporary decline, traders often look for potential buying opportunities when the price approaches or touches the trend line.
4. **Visualizing Trends**: Trend lines help traders visualize the general direction of price movement. They provide a visual representation of the trend's strength and help in identifying potential trend reversals.
5. **Breakouts and Signals**: Traders pay attention to the behavior of price in relation to the trend line. A breakout above the trend line might indicate a continuation of the uptrend, while a sustained breakdown below the trend line could suggest a potential trend reversal or at least a weakening of the uptrend.
It's important to note that while trend lines can be valuable tools for technical analysis, they should not be relied upon in isolation. Other indicators, such as volume patterns, candlestick patterns, and broader market conditions, should be considered alongside trend lines for a more comprehensive analysis. Additionally, trends can change, so continuous monitoring and adaptation of analysis are necessary.
Overall, an up-sloping trend line is a simple yet effective tool that helps traders and analysts assess the direction and potential strength of an uptrend in a market.
Eurusd Momentum 🐻-> Probabilities Suggest Flexibility over the Rigid Ego wins. Trading with the trend Eurusd?
0:0 Monthly timeframe
2:35 Weekly timeframe
4:50 Daily timeframe
6:30 4hr timeframe
7:36 1Hr timeframe
Hey everyone. A new week and a new opportunity to master our emotions and skills in the markets. Experience suggests to me that we will sell a continuation of the prevailing bearish trend. However, and similar to last week we may see a 30 pips - 70 pips pullback prior to a push towards Daily support level 1.07455 and Weekly support level 1.07. Those are my weekly targets for Eurusd. If Eurusd decides it's a week to pullback then we may observe an increase back towards Daily resistance level at 1.0895. Otherwise, we sit in a range right now between 4hr support 1.07941 and 4hr resistance 1.08161. Be adaptable and flexible with regard to a change in market conditions. If we do decide to do a continuation to the support level's mentioned above, be ready to hold on to some runners to maximize profits. No Red folders news to begin the week here on monday.
EUR/USD -27/8/2023-• Technical long term picture for the Euro/Dollar pair is a bit mixed at the moment and at a critical area
• The yearly rally from 0.95 to almost 1.13 represents the 61.8% retracement level of the 2021 decline from 1.22 to 0.95
• The above statement gets us wondering whether the 2022-2023 rally is a trend reversal and bullish trend or just a correction of the preceding decline
• On the other side, there is an ascending channel and a higher highs higher lows identified since early March and it is still intact despite the recent drop
• The bottom trend line support of the channel along with the previous swing low around mid 1.06s are very critical in this scenario
• A break of the channel and the support level highlighted on the chart (1.0640) confirms a deeper decline and a break of the high lows series which invalidates the up trend
• Further below there is a strong support around 1.05 followed by 1.0220
• If the bullish trend were to persist and the series of higher highs stay intact, we can expect a move up to 1.14-1.15 levels
• What might trigger such dramatic moves is the jobs report in the upcoming week, inflation data in the coming weeks and any hint of a prolonged pause or surprise hike by any of the ECB or the FED
EUR/USD Daily Chart Analysis For Week of August 25, 2023Technical Analysis and Outlook:
This week's price action of the Eurodollar turned out to be nothing but down modish as projected, by fulfilling our Outer Currency Dip of 1.087 and drifting to the next Outer Currency Dip of 1.070. However, the dead-cat rebound to Mean Res 1.090 should not be ignored.
Inherent risks in selling the Low/Psychology Supersedes🔨 Not already positioned ? then careful about sharp liquidity grabs
0:0 Monthly timeframe
1:54 Weekly timeframe
3:26 Daily timeframe
6:02 4hr timeframe
9:40 1hr timeframe
I've found that often times in the market the best thing to do is often the hardest thing to. Going against human nature is not an easy task. It take time months if not years of consistent conditioning to master this concept. Thinking about where other market participants are positoned can contribute to your edge in the market. With all this said, we currently have clean traffic on the Daily and 4hr down to 1.0747 Daily support zone. I've been talking about this price point for weeks (go back on my publishings) ever since the July monthly candle failed to close above 1.1025 key level. This bias was confirmed when Inflation data failed to be the catalyst to take us above 1.1025. I wouldn't be surprised to see a harsh correction with London prior to a continuation of towards 1.0747 which we will tap into today or next week probabilities suggest.
Time is Ticking ⏳-> Market Structure & Pin Bar Daily Candle What are your thoughts on the Daily Pin Bar that closed bullish?
0:0 Monthly timeframe
2:02 weekly timeframe
3:22 Daily timeframe
8:23 4hr timeframe
11:17 1Hr timeframe
As Eurusd Swept past the Monthly lows by 30 pips today, I 😁 because I called it out on the channel. Manufacturing data acted as a catalyst to continue the trend bearish. Was it luck when you are right? Idk but trading with the trend is often the Shrewd thing to do. The majority of participants whom share their thoughts on trading view here were heavily buy biased. This is precisely why the market moved down so swiftly with manufacturing data as many participants were liquidated in a short period of time as the pyramiding concept took over and there was an avalanche of liquidations. An important part to running a successful small business as a trader begins with having a mind of your own. Doing your own analysis and crafting your own view of market activity. With this said, I'm biased towards the long side as we are towards the lows of structure on the Daily chart and structure. I could be wrong and is why I always stay very flexible. It's not about being right, it's about making money.
Engulfing candles = ⬆️ Probabilities of MomentumZooming out and observing EU price behavior so far thus year, we discover that each time the Exchange rate pulls back down, it begins to turn back to the upside at about 500 Pips
0:0 Monthly timeframe
2:14 Weekly timeframe
3:52 Daily timeframe
8:50 4hr timeframe
13:35 1hr timeframe
Hey Everyone, a longer analysis today. Omg it took me like nearly 2 hours to upload this one today after having issues with uploading due to internet connection. Hope you enjoy have a good trading day.
In the previous publishing, I was anticipating EU to rise from 1.088 back to 1.09 before contiuing the downward trend. Why 1.09 you may ask? Well 1.09 is the weekly support level created in June/July . The weekly candle last week failed to respect this 1.09 weekly support level. In the market, Support level's become Resistance level's and vice versa. So knowing this, I was able to captilize on the downside push today and was not surprised to see it occur. Observing the daily candle today, we can see that the Daily candle closed below our daily support level at 1.0853. Similarly, we now may anticpate this previous support level to now faciliate a selloff and continuation to the downside. Because I enjoy following the trend. You can be a contrarian, and that is fitting to some personalities. The Daily candle signaled quite a strong selloff after it hit the previous daily candle highs, grabbed liquidity , then teared lower & breaking hearts finishing the day down .45% and closing below all candles to the left hand side. 1.07452 or 1.07 asking too much by end of August Eurusd?
🚨EURUSD will FALL to Support Line🚨EURUSD is moving in the middle of the descending channel (the middle line of the channel), and the 🔴 resistance zone 🔴 and near 100_SMA(Daily) .
Also, EURUSD managed to break the Uptrend line .
🔔I expect EURUSD will fall at least to support line .
Euro/U.S.Dollar Analyze ( EURUSD), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
🔔 Bulls can regain 1.09 before Bear continuation Bull market structure has flipped bullish early in the week.
0:0 Monthly Timeframe
1:42 Weekly timeframe
3:22 Daily timeframe
5:04 4hr timeframe
7:30 Bearish Channel from last week
9:07 1hr timeframe
The Market can do anything and it is always right. With that said, it's still okay to create a forecast. Looking at the way price respected 1.0853 Daily support level during Friday's NY session gives confidence for a relief rally. Also Friday's daily range was small compared to the rest of the week & it closed as a Doji. These are confluences and I'm using this critical thinking to arrive at possible scenario. If price fails to make it past 1.0883 1Hr resistance zone then we will likely retreat towards 1.0869 where there are (2) 1hr support zones. Otherwise I'm anticipating an early in the week push towards 1.089 4hr resistance zone and 1.09 which was weekly support level. 1.09 may now act as a weekly resistance zone since the weekly candle last week just closed below it. it may facilitate a selloff with this new week down to our next weekly support level 1.07
Terrible fractal for EUR?A bit of speculation here looking at dead cat bounce scenarios for the EURO as we have in the beginning of the XXI century... can we go that further down?
That would mean (probably) up for the DXY and down for crypto.
EURUSD ForecastFO + deep and sharp retrace toward 66% are strong signals of reversal. Fundamental Analysis is confirming a probable reversal too.
These are just an anticipation. Be careful.
EUR/USD Daily Chart Analysis For Week of August 18, 2023Technical Analysis and Outlook:
The price action of the Eurodollar remained downwards as projected by Trade Selecter by completing our major target Outer Currency Dip 1.087. However, a strong rebound is possible with Mean Res 1.101 as a target. On the downside, price action might take us to the Next Outer Currency Dip of 1.070.
All moves to the upside are --> Relief Rallies? 🤨Market sentiment people, that's what we are trading at this point.
0:0 Monthly timeframe
2:05 weekly timeframe
3:30 Daily timeframe
5:50 4hr timeframe
9:11 1hr timeframe
11:40 recap of recent trade
Combining technicals and fundamentals. Technicals clued us in the last few days of July. Fundamentals confirmed out thoughts on Aug 10th. The market is trending to the downside. Do you think we have more to give? Probabilities are there but you can be right and still lose. Waiting on confirmation after a retracement to 1.09 weekly level would be most ideal but we might just drop without a retest. I think it's possible that we can probe further into the daily support zone at 1.0853
Critical thinking and rational has helped me be on the right side since late July. Check the publishing linked below from July 31st.
