DXY - Looking to Big PictureWhen we look back, when Trump first came, Dxy showed a 5.5% increase, Dxy goes to 103.5. And Trump Dxy is too expensive, the dollar is too expensive, it should fall, the statements started. Then Dxy's 14% decrease went to 88.5. Now Dxy is around 102.
I bought it directly as a fractal from August 15, 2016. If Dxy comes to around 104 until the election, the rapid increase with Trump's arrival corresponds to 110s. It has been an expected area for a long time and when Trump Dxy is at 110s, similarly, if the decrease starts with him saying the dollar is too expensive, it goes to 94s, fractal.
Here, my hopes begin and I say that it is still expensive at those levels, we will go down to 86s. This means a 4-year never-ending mega bull.
I applied the same fractal to the euro, and the much-anticipated 1.02s are here again. If I can get a fund, I will look for swing shorts at 1.12s. The fractal and events looked pretty good to me. It also fit the channel nicely.
FX:EURUSD
Eurousd
Rebound EURUSD before the start of correction H4. 22.08.2024Rebound EURUSD before the start of correction
On the Euro I expect a rebound to the area of 1.1170
and the start of correction there.
The rebound was made, but the nuance is that the cumulative
continues to fall,
which means that they can still make an outburst to fill
the culmination volumes.
Without them they are unlikely to make a downward reversal.
They may reach 1.12, where there is also a strong option resistance,
and then down.
In any case, I will not enter without confirmation of volumes
and I advise you to wait for the conditions.
Market Analysis: EUR/USD Volatility on the HorizonThe EUR/USD forex market has exhibited relatively low volatility in recent years, characterized by choppy price movements. However, technical indicators suggest that a significant increase in volatility may be imminent.
While the fundamental drivers behind this potential shift are unclear, chart analysis implies a possible reversal in the long-term downtrend. A potential upward movement could see the EUR/USD exchange rate reach 1.13 and 1.23 over the medium to long term, potentially within the next 6-24 months.
It is essential to note that this forecast is based on technical analysis and should not be considered a definitive prediction. The timing and underlying causes of such a move are uncertain, and the market may be influenced by unforeseen events.
We recommend maintaining a watchful eye on the EUR/USD market, as a potential spike in volatility could occur in the coming years. This analysis is intended to stimulate discussion and consideration of possible future market developments, rather than a definitive forecast.
EURUSD Roadmap==>>1-hour time frameEURUSD is moving near the Resistance lines and Potential Reversal Zone(PRZ)($1.084-$1.081) .
According to Elliott's wave theory , EURUSD seems to be completing the Expanding Ending Diagonal .
Also, we can see Regular Divergence(RD-) between two Consecutive Peaks .
I expect the EURUSD to decline at least to the target I have specified on the chart.
Euro/U.S.Dollar Analyze ( EURUSD), 1-hour Time frame ⏰.
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EURUSD is Ready to Go Up!!!EURUSD is moving in the Support zone($1.070-$1.062) and near the Support line .
Also, we can see Regular Divergence(RD+) between two Consecutive Valleys .
According to the theory of Elliott waves , EURUSD seems to have completed its 5 downward waves and we should expect upward corrective waves .
I expect EURUSD to trend higher in the coming hours.
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.
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EUR/USD Trades Higher on Monday After Rebound from supportsThe EUR/USD currency pair experienced a notable upward movement on Monday, following a rebound from critical support levels around 1.0700 and 1.0640 during the early European session. This rebound marks a significant shift after a period of pressure, largely attributed to potential risks emerging from France's financial situation. The speculation that Marine Le Pen's far-right National Rally (RN) may form a new government has raised concerns over France's fiscal stability, thereby dampening the Euro's appeal.
Technical Analysis
From a technical standpoint, the EUR/USD pair displayed a rejection at the 78.60% Fibonacci retracement level derived from the major swing low, precisely within the support area identified last week. This rejection was further supported by a double divergence observed in both the Relative Strength Index (RSI) and Stochastic indicators on the H4 timeframe, signaling a potential bullish reversal.
The Fibonacci retracement level is a crucial tool used by traders to identify potential reversal levels. The 78.60% retracement level, in particular, is considered a deep retracement and often indicates strong support or resistance. The fact that the price rejected this level suggests a strong bullish sentiment among traders.
Market Sentiment and Economic Factors
The broader market sentiment has been influenced by political developments in France. The potential ascendancy of Marine Le Pen's National Rally to government raises significant concerns over fiscal policy changes, which could impact the overall economic stability of France and, by extension, the Eurozone. Such political uncertainties often lead to increased volatility in currency markets, as investors adjust their positions based on perceived risks.
Despite the political uncertainties, no significant economic releases were scheduled for today, particularly concerning the Empire State Manufacturing Index for the USD. This absence of major economic data implies that the currency pair's movement is driven more by technical factors and geopolitical news rather than immediate economic indicators.
Outlook and Future Expectations
Looking ahead, traders and analysts are anticipating potential strong volatility in the EUR/USD pair as they await economic data releases in the coming days. The lack of significant economic news today leaves the pair susceptible to technical trading and news-driven volatility.
Given the current technical setup and market sentiment, a bullish impulse is expected in the EUR/USD pair. The rejection of the 78.60% Fibonacci level, coupled with the double divergence in the RSI and Stochastic indicators, points towards a potential continuation of the upward trend. Traders will be closely monitoring upcoming economic releases and political developments for further cues.
In summary, the EUR/USD pair's rise on Monday, following a rebound from crucial support levels, highlights the interplay between technical indicators and geopolitical factors. While the speculation surrounding France's political future weighs on the Euro, the technical rejection of key support levels suggests a potential bullish trend. As traders await more economic data, the pair is poised for further volatility, with a bullish outlook prevailing in the short term.
EURUSD Analysis(Continue to Fall)!!!EURUSD managed to break the Support zone($1.080-$1.078) , Monthly Pivot Point , and the Uptrend line . We can also consider this Breakaway Gap a sign of valid failure.
According to the theory of Elliott Waves , EURUSD seems to have successfully completed the Double Three Correction(WXY) .
Currently, EURUSD is completing wave 4 , and we have to wait for wave 5 to start.
After the completion of wave 4, I expect EURUSD to decline at least as far as the targets I have specified on the chart.
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.
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EURUSD bias for longs...Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Let's see , long for eurusd for me :)
At the same time i am also bias to short
USDCHF
USDMEX (Mexican Peso)
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Eur/Usd Ready to massive sell 155 pips!!Based on previous post i talked about how eurusd has broken. the head and shoulder neckline and price is now retresting the neckline has resistance, still the interest rate is neutral which mean dollar will gain liquidity cause of the interest rate differential so we see price respecting the 31.8% fib level which is also in confluence with the POC level of activity volume
NOTE; The only thing you have to worry about is NFP news later tomorrow and some news today. make sure you put stop loss and manage your risk. there is small probably it can do a fake out!
Follow me for more breakdown
EURUSD will Attack to Support zone⚔️===>>(➡️RR=2.92)🏃♂️ EURUSD is moving in the 🟢 Support zone($1.0695-$1.0626) 🟢, but I expect it to be broken based on the explanation below 👇.
🌊According to the theory of Elliot waves , EURUSD seems to have completed the Double Three Correction(WXY ) in the 🟢 Support zone($1.0695-$1.0626) 🟢.
📈Regarding Classic Technical Analysis , EURUSD has successfully formed an Ascending Broadening Wedge Pattern Reversal Pattern .
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks.
🔔I expect EURUSD to go DOWN at least to the lower line of the Ascending Broadening Wedge Pattern , and EURUSD will probably break the 🟢 Support zone($1.0695-$1.0626) 🟢.
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EURUSD
🔴Position: Short
✅Entry Point: 1.06975 USD (Limit Order)
⛔️Stop Loss: 1.07420 USD
💰Take Profit:
💰Take Profit:
🎯1.06303 USD👉Risk-To-Reward: 1.51
🎯1.05674 USD👉Risk-To-Reward: 2.92
⚠️Please don't forget to follow capital management.
⚠️Please pay attention to the style of opening the position.
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Euro/U.S.Dollar Analyze ( EURUSD), 1-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.
EUR Price Analysis: 21 April 2024Weekly: Price has been rejecting from the W-BPR, & it has been created bearish W-MSS, with W-FVG, so the sign of momentum is clearly bearish in Euro. Currently the price is reaching towards the W-SSL(1.05166) & (1.04484).
Weekly Bias: Bearish.
H4: we will be looking to open a short position from the H-FVG, if the price takes the D-BSL (1.06900.) And forms a revarsal in M15.
EURUSD Is Ready to Go UP🚀🔨 EURUSD is breaking the 🔴 Resistance zone($1.0848-$1.0840) 🔴.
🌊According to the theory of Elliott waves , EURUSD seems to have completed the corrective waves and is now ready for the next five impulsive waves .
🔔I expect EURUSD to go UP at least the 🟣 Yearly Pivot Point 🟣 after breaking the Resistance line and ⚔️ Attacking ⚔️ the upper Resistance lines again.
Euro/U.S.Dollar Analyze ( EURUSD), 1-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.
Hellena | EUR/USD (4H): Long to resistance area 1.08013.Dear colleagues, the price is forming a five-wave impulse and at the moment I suppose that the price is aiming at the support area 1.06836. I assume that wave 5 will be completed there, then I expect the resumption of the upward movement at least to the resistance area 1.08013.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
⚠️EURUSD Analysis(Falling Soon)⚠️🏃 EURUSD is moving near 🔴 Heavy Resistance zone($1.1185-$1.0980) 🔴and Resistance lines and 🟡 Potential Reversal Zone(PRZ) 🟡.
🌊According to the theory of Elliott waves , EURUSD seems to have succeeded in completing the corrective Zigzag(ABC/5-3-5) inside the Ascending Channel .
🔔I expect EURUSD to move towards the 🟢 Support zone($1.0920-$1.0870) 🟢after breaking the 🟢 Support zone($1.0810-$1.0757) 🟢.
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.
EURUSDT - change trend. Large Wyckoff reversal model.Large Wyckoff reversal model.
- Price is trying to break the trend line
- Price is forming a triangle
- The price made a false break of the lower boundary of the sidewall
- 12-month timeframe shows fractal reversal with three bars
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EURUSD 1W Large Bullish ScenarioOverview:
This chart is showing signs of a potential large bullish wave
we analyze now the Wave Three 'III' ( the green one) from the big 5 impulse wave.
Expectations:
Wave 1 is not yet finished
Once the price rises above the entry point, Wave 1 is expected to continue rising and end around 1.12298
After Wave 1 is complete, Wave 2 will start and is expected to end around 1.098
Once Wave 2 is complete, an extended Wave 3 is expected to occur
Note:
This scenario is just one of the analysis scenarios and, in my opinion, it is unlikely to happen.
For more information, please check the monthly analyses and other scenarios.