Breaking UP! Eurodollar Futures.Is the Eurodollar giving us some hints into the mind of JPOW and the fed?
Eurodollar
Going Long on M6E Little scalpHello
Her it is a little scalp on M6E
I expect the Market will try to fill The FVG0 The we will see a run going long to fill The FVG1 and maybe the FVG2 too, im going long and my target its FVG1 the easiest one
EURUSD | ECB - Interest Rate! How can it affect the EURUSD?EURUSD | ECB - Interest Rate! How can it affect the EURUSD?
As we have seen during this period of time EUR is suffering a lot of
losses.
And to be honest Europe it is not the only economy that is suffering the
economic problems.
However as all the countries EUROPE will take the second step to help on
this economic recovery.
Considering the Monetary policy statement it will be crucial for this even.
The first move should or expectations should help the price to reach the first target.
For the other targets we should see how aggressive ECB should be today.
Thank you and Good Luck!
EUR/USD Daily Chart Analysis For September 9, 2022Eurodollar has completed Interim Rebound and continues to hove near the 1.000 threshold by closing slightly below critical Mean Res 1.005. The Key Sup 0.9880 and our open Inner Currency Dip 0.9852 continue to be the main target, with further expansion to the Next Inner Currency Dip 0.9570 and the lower mark is in the making.
The primary trend remains bearish on EURUSDEURUSD - Intraday - We look to Sell at 1.0131 (stop at 1.0207)
The primary trend remains bearish. We are assessed to be in a corrective mode higher. Bespoke resistance is located at 1.0150. Resistance could prove difficult to breakdown. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 0.9952 and 0.9900
Resistance: 1.0150 / 1.0370 / 1.0800
Support: 0.9950 / 0.9800 / 0.9700
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.'
US Dollar Probable TopUS Dollar has broken out of a bearish rising wedge after a long negative divergence. Competition against the dollar is also finally ramping up and it doesn't seem like the dixie has priced that in yet. It then makes sense that the target for the wedge goes below a 7 month trend line.
eurusd long setup I think we are going to see a pullback on the weekly time frame and we bounce back from the previous order block and daily and 4h structure shift bullish also. so we can assume that we can see the some higher prices
Divergence found on EUR/CAD pair 4-hourFor the last couple of months, the EUR has maintained a weak position against many of its trading partners. This includes the Canadian dollar.
The Canadian dollar has benefitted immensely from the high cost of crude, in addition to the Bank of Canada (BoC) moving much faster than the European Central Bank (ECB) to start hiking interest rates in the face of inflationary pressure.
Yesterday, the BoC enacted a 75 basis-points rate hike, its fifth post-pandemic hike. Today, the ECB is expected to deliver a 75-basis points rate hike, only its second post pandemic rate hike.
TECHNICAL ANALYSIS.
From the weekly timeframe, EUR/CAD is primarily on a downtrend. We also see a classic divergence in the Money Flow Index (MFI). The Money Flow Index (MFI) is a technical indicator that measures how money flows into and out of a security over a specified period. The MFI is an indicator that combines momentum and volume with an RSI formula. With a classic divergence, the MFI indicates a reduced volume as price trends downwards. (see related ideas)
On the 4-hour time frame, we can see that the EUR/CAD pair has been consolidating in a tight range, between 1.2891 and 1.3242. If we eye the pair’s movement within this range, it contrasts with the weekly trend. In fact, the EUR/CAD pair is up 1.8% since the beginning of the consolation period starting august 24.
If we apply an RSI on the chart, we might like to note that the recent bullish push is fast approaching the overbought bottom zone just above 1.3160. If the price level can break above 1.13178, you might expect an ever-growing resistance to upside all the way up to 1.3242.
Divergence found on EUR/CAD pair WeeklyFor the last couple of months, the EUR has maintained a weak position against many of its trading partners. This includes the Canadian dollar.
The Canadian dollar has benefitted immensely from the high cost of crude, in addition to the Bank of Canada (BoC) moving much faster than the European Central Bank (ECB) to start hiking interest rates in the face of inflationary pressure.
Yesterday, the BoC enacted a 75 basis-points rate hike, its fifth post-pandemic hike. Today, the ECB is expected to deliver a 75-basis points rate hike, only its second post pandemic rate hike.
TECHNICAL ANALYSIS.
From the weekly timeframe, EUR/CAD is primarily on a downtrend. We also see a classic divergence in the Money Flow Index (MFI). The Money Flow Index (MFI) is a technical indicator that measures how money flows into and out of a security over a specified period. The MFI is an indicator that combines momentum and volume with an RSI formula. With a classic divergence, the MFI indicates a reduced volume as price trends downwards.
EURUSD Euro 20-year lowIf you haven`t shorted the EURUSD here, when i was telling you that
"The European Union rely on Russia for almost 38% of their imported natural gas;
Germany gets about 50% of its natural gas and coal from Russia, and a third of its oil;
German economy was by far the largest in Europe":
The you should know that the Euro plunged to a fresh 20-year low as investors fretted about the energy crisis.
Russia will not restart gas supplies to Europe through a key pipeline until western sanctions are lifted.
OPEC+ unexpectedly decided to cut output in October by 100,000 barrels a day.
My target for EURUSD pair is 0.9673.
Looking forward to read your opinion about it.
Primary trend remains bearish on EURUSDEURUSD - Intraday - We look to Sell at 0.9970 (stop at 1.0033)
The primary trend remains bearish. A firmer opening is expected to challenge bearish resolve. Resistance is located at 0.9980 and should cap gains to this area. Preferred trade is to sell into rallies. Further downside is expected.
Our profit targets will be 0.9826 and 0.9800
Resistance: 0.9980 / 1.0320 / 1.0800
Support: 0.9825 / 0.9750 / 0.9700
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.'
💵Euro/U.S.Dollar💵 Analyze (Short term)!!!Euro/U.S.Dollar is running in the Heavy Support zone and Support line.
I expect that Euro/U.S.Dollar will go up to the Resistance zone in the next hours.
🔅Euro/U.S.Dollar Analyze (EURUSD) Timeframe 1H⏰
🟢Heavy Support zone🟢:1.000$ until 0.9895$
🔴Resistance zone🔴:1.01392$ until 1.0089$
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 be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Pip Goal: 42.1 Pips (EURUSD)Gap is located at 0.99450 price level. I am expecting a pull back to the 0.99450 price level.
Joe Gun2Head Trade - Selling EURUSD into 50% Fib levelTrade Idea: Selling EURUSD
Reasoning: Selling EURUSD into 50% Fib level
Entry Level: 0.99920
Take Profit Level: 0.99124
Stop Loss: 1.00242
Risk/Reward: 2.47:1
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EUR/USD I am eyeing the 0.99806 Eurodollar level due to the liquidity being pulled up.
I am using the DXY for confirmation with the previous high 109.114
Falling oil prices boost Euro above parityEUR/USD 🔼
GBP/USD 🔽
AUD/USD 🔽
USD/CAD 🔼
XAU 🔽
WTI 🔽
Crude oil prices have been suppressed by optimistic reports from Iran, Iraq, and Venezuela, all showing signs of increasing oil supply to the market. As a result, WTI crude futures lost almost $5.00 to $91.64 a barrel, Brent went below $100 to $97.84. Europe's energy shortage is then partially relieved, finally sending EUR/USD above parity to 1.0012, as the market awaits Eurozone and Germany's inflation data later today.
Despite recession fears, the latest US Consumer Confidence and Job Opening provides positive readings, which may encourage the Federal Reserve to extend its series of aggressive rate hikes in September. USD/CAD climbed to 1.3092, gaining over 80 pips, and Canada will also announce its GDP tonight.
GBP/USD dropped from a low of 1.1627 to 1.1655, while AUD/USD fell and stabilized at 0.6851. A stronger dollar once again held back gold prices, gold futures declined to $1,736.3, currently at $1,732.60 an ounce.
Bitcoin briefly lost support at $20,000 and just rebounded to $20,233.0.
More information on Mitrade website.
