Eurshort
Updates: Sell signal of Euro Hello guys, in this technical analysis, it's my second updates, so, the previously technical analysis I see that was discard, because the par is not in the demand, we are in the bearish, because in Daily timeframe I mentioned previously that we could see a possible short position, so this is a great short position and my target profit is 150 pips approximately in the 0.382% of Fibonacci. Look below
This is a bearish divergence in the price action and RSI, both make a bearish movement strongest. So, about the fundamentals, I mentioned that in Euro/Sterling Pound that Euro is struggling to fight agains the rivals as Australian Dollar, Canadian Dollar, New Zeland Dollar, Jen Japanese, US Dollar, and other par tat you know. So, I put in short postion until the $1.1596 USD, that is my traget profit.
Then, it's the H1 timeframe and we see that situation of what they show us.
EURUSD - Correction is comingNothing really changed from last week. Euro tried to close above 1M Trendline and got rejected for the 2nd time:
This fact signals that Uptrend is getting weaker and weaker, so we should pay great attention to local Support/Resistance Zones:
It is recommended to open SHORT/LONG positions ONLY from the local zones.
Also, make sure that you've checked my recent DXY idea, as it is closely related to this chart.
Good Luck!
EURUSD LONG 15MIN Uptrend with Support Lines 04.08.Hello to all
I am back here again to show you my view of the Markets
Here the EURUSD
Try to help all a little bit to see the moves more clearly
IN EURUSD 15MIN We are in an Uptrend since yesterday 16.00
and now we have 2 supports here .
I have marked them :
First wit the Blue Line and the second with the red line
at 1.1765 and at 1.17520
for further UP Movement.
I will try to come back every day in the mornin for a daily view
of the Market.
Good trades.
If you want to support my work, please like them
My analyes here are all NOT a request to buy or sell
seomething. Allways do you own research.
Renkotrade
EUR/JPY technical & fundamental analysisHi guys I hope you’re all very well.
Here’s an idea based on both technical & fundamental analysis, please enjoy.
TECHNICAL: It’s been a solid few months in the green for the Euro & a lot of traders are still quite bullish but I’m a little bit more cautious and here are my reasons.
The main reason that I’m bearish right now is the fundamentals which will be described below.
From a technical standpoint, I’m able to find some bearish indicators.
-The main indicator for me is the previous monthly candle for June showed some huge resistance.
-Another bearish indicator is the resistance being shown at one of my Fibonacci retracement levels.
-The daily stochastic is in my overbought range
FUNDAMENTAL: JPY is a go to currency in times of insecurity & market anxiety. The current situation surrounding a second Covid19 wave in both Europe and throughout the world may again create anxiety in the market.
Japan has dealt with the crisis thus far as good as any other country. This coupled with JPY being a go to currency may increase the demand of this currency.
TARGET LEVEL: 119.5
As usual, I will update immediately if my view or opinion changes in any way.
Thanks so much for reading. I hope this idea can help anyone looking for an alternative opinion. Good luck to you all 🍀
EURJPY | Hunting for LiquidityEURJPY looks like it could be in an excellent position to make one more big move to the downside before reversing on the larger time frame. 🤔
Sit and wait for this market to move higher first before entering for another downside move. Where there are trapped buyers at the top will be a perfect place to sell.
Watch for strength on the way back down breaking through your chosen Moving Average. 😏
It is not a time to buy when there are so many great opportunities for sellers. Keep an eye on the price bouncing off 117.337.
EURJPY SHORT AGAINTook profit today once already today and will do it again...adjusted bottom trend line and we have retested and held below again see you at 119.00.
SL - 121.230
TP - 119.000
Good risk reward. CHF AND JPY are safe havens at times like these. Spain, Italy, France and Germany are having bad times with the virus unfortunately which will effect economy . Prays and wishes to you all, stay safe X
EUR Will hit 1.11500 ECB Meeting Tomorrow. But What's Next?EURUSD will make at least a 50% retracement at some point tomorrow 3/12/20. The ECB is expected to cut interest rates by .10% and possibly mention more stimulus. Look for EUR to tag 1.11500. The question is what will happen next? Price could bounce right back up in the descending channel and possibly break up past the channel and make another attempt at 1.15? or Will price head for the 61.8% retracement at 1.10500? Time will tell. The target for the short is 1.11500 (100+ pips).
I am not a financial advisor. This is not financial advice. This is for educational purposes only.