EUR/USD potential intraday turn around area for NY sessionEUR/USD as expected did a nice up move after reaching the low point, now at extended levels and intraday pull back down for about 20-30 pips could be in play.
Eurusd-3
WTI, US10Y down. EURUSD, SPX up.dear fellows,
we believe USOIL to fall in the near term. this would allow US10Y to fall, as well. as a consequence, EUR, GBP, JPY would rise against the USD. finally, it would lead these respective stock market indexes up.
best regards.
EurUsd Dives to the Sea Floor?🌊 🤔Despite missed consumer confidence on Tuesday, Eurusd has been tanking and continuing the higher timeframe momentum.
0:0 Monhtly timeframe
2:56 Weekly timeframe
4:55 Daily timeframe
6:50 4hr timeframe
8:55 1hr timeframe
12:40 Bias
We may also observe that the market is pulling down into the close of the monthly candle. The same concept which you may hear me talk about with the weekly candle pulling down or pulling bak into the close of a weekly candle.. just on a larger scale. The Monthly candle here has pulled down 165 pips into the candle close vs on the weekly timeframe we may observe a 40-80 pip move into the candle closure. Now we have seen quite the move down and there were a few traders looking to take longs at the beginning of the week, little early but i think the time is nearing for a possible pullback with london or NY session. This is because we observed quite a large volatile move to the downside. Asian session has pulled up when typically it has been pulling down across the past few days.. foreshadowing possible retracement. Either way, flexibility is one of the best qualities to exercise as a scalper. We will be open- minded and patient with entries and exits when approaching risk. We have reached a psychological number and this coincides Eurusd approaching the lows of the year at 1.08486. Our next tsrgt for shorts is 1.04609 daily level. Our retracement target is 1.05419 or 1.056 4hr resistance level. GDP is anticpated to be good for the USD so this could provide a catlayst for a bear continuation. If it misses , then we may anticpate a retracement. This is the logical approach, but we all know the market isn't always logical but often irrational.
If you've read this far, leave a comment and a rocket and I will see you in the next analysis. Cheers.
EURUSD oulookEURUSD undergoing a transition day today with the possibility of an intraday short opportunity again.
Why we expect EURUSD SPX to keep falling.Dear fellows. In this short video we present our case that EURUSD tracks US10Y since 2020 on an inverse relationship. We also expect the yield curve to keep steepening, and by assuming Fed funds rate "higher for longer", US10Y is expected to rise further.
Higher US10Y, thus, implies in lower EURUSD and SPX, as well as other major market indexes.
The particular dynamics of each does not ensure a day to day follow up, however, eventually they do catch up.
Thank you very much for your time. Critics and suggestions are welcome.
Best regards.
Momentum in a Bearish market 🪜EurUsdWhen the Market trends down, support zones become resistance zones after candlestick closure confirmations.
0;0 Monthly timeframe
1:15 weekly timeframe
4:15 daily timeframe
9:00 4hr timeframe
11:45 1hr timeframe
14:00 Bias
If you are new to the markets, that last sentence is probably a bit confusing. But really all it sums up to is that the market moves down in methodical steps. This may not always be the case however... Similar to a ladder and different from a silde. The market will drop suddenly and slide deeply in a panic similar to the Stock market crash of 2020 with Covid-19. All support level's failed and liquidity was swept through due to a change in fundamentals. The forex market has much more volume and therefore will not slide as easily vs the stock market which runs on lower liquidity. We are talking about medium-long term slides across days and weeks or even months. In the short term however, fundamental releases can cause the FX market to slide 10's of pips in a matter of seconds. Being inclined towards a scalping style, it is especially important to be aware of these short term slides which could wipeout a sizable portion of a trading account.
Price action to begin the week:
Weekly level 1.0663 is especially relevant and may facilitate a selloff back to the lows 1.0613. If we do push higher, we may tap into 1.0691 daily resistance level before seeing more selling pressure. 1.054 is the weekly bearish target for this week and our first stop will be 1.0576 daily level where we may observe some profit taking. Bullish targets on the week include 1.075 daily resistace zone. For this scenario, would prefer a daily closure above 1.0691 daily level.
EURUSD I Technical Outlook & Forecast Welcome back! Let me know your thoughts in the comments!
** EURUSD Analysis - Listen to video!
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EURUSD Technical Analysis and Trade IdeaAnalyzing the EURUSD currency pair, we've detected a significant development: it has now reached a crucial support level following a substantial bearish trend. At this juncture, it becomes evident that the price is overextended, potentially indicating an impending retracement.
In the accompanying video, we provide a comprehensive exploration of essential factors, including price action, market structure, and critical aspects of technical analysis. It is crucial to emphasize that the information presented in this content serves purely educational purposes. It should never be interpreted as financial advice. Hence, it remains of utmost importance to exercise prudent risk management strategies when engaging in trading activities.
What drives Bitcoin prices?In this video we show how bitcoin follows the EURUSD price.
We argue that DXY (the dollar index) is composed majoritarily (53%) by EURUSD prices.
Thus, as EURUSD goes up, down goes DXY, and likely everything that is priced in USD goes up as well.
Based on that, we state where and why we expect the bitcoin price to go in the next 2 weeks.
We would gladly expand on that, in case the topic is interesting to the audience.
Best regards.
2023.9.26 USD hit a new high 2023.9.26 USD hit a new high
Hello, I'm Older Duan. Today is Tuesday, September 26th 2023.
Now it's 17pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the US dollar index has reached a new high for the year, and is about to test the top to bottom golden ratio at 1.618 (106.287) in the chart!
Now, let's look at gold.
Now you can see the daily chart of gold.
The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square!
As shown in the figure, gold fell continuously yesterday and today, and has already tested the starting point of the September 15, 2023 bullish line ($1909.73)! So, for the rest of today, just use this position as an important point during the day! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
Let's take a look at American crude oil.
What you are now seeing is daily level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination!
As shown in the figure, US crude oil fell continuously yesterday and today, and today's lowest point has already broken through the daily level 21 moving average ($88.283)! So, for the rest of today, we can use this position as the day's multi sky watershed operation! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
Let's look at EURUSD.
What you can see now is the daily chart of EURUSD.
The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square!
As shown in the figure, the euro fell continuously against the US dollar yesterday and today, and today's lowest point is about to hit the daily level 377 moving average (1.05601)! So for the continuation period today, just use this position as an important point for operation during the day! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
Finally, let's take a look at GBPUSD.
Now you can see the daily chart of GBPUSD.
The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square!
As shown in the figure, the pound fell continuously against the US dollar yesterday and today, and today's lowest point has already broken through the daily average of 377 (1.21698)! So for the continuation period today, just use this position as an important point for operation during the day! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period!
Special reminder, today is Tuesday. Although the US dollar has surged, there is not much room above it, so there is not much room below for non US currencies, precious metals, and US crude oil. It is not recommended to chase short. Please pay attention to the risks!
Im Older Duan. Wish you happy win . Goodbye!
2023.9.25 Gold is attracted by key positions2023.9.25 Gold is attracted by key positions
Hello, I'm Older Duan. Today is Monday, September 25th 2023.
Now it's 17pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the US dollar index broke through the previously indicated bearish starting point for this year twice last Thursday and Friday, which was the opening price of 105.690 on March 9, 2023. The upper space has already opened!
Now, let's look at gold.
Now you can see the daily chart of gold.
The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square!
As shown in the figure, the long up shadow of Gold's daily line last Wednesday and the long down shadow of its daily line last Thursday indicate that it is about to break out of its triangular arrangement! So, for the rest of today, just use the daily level long short divide daily level 55 moving average (1925.98 US dollars) as an important intraday point operation! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
Let's take a look at American crude oil.
What you are now seeing is daily level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination!
As shown in the figure, the long down shadow of the US crude oil daily line last Thursday and the long up shadow of the daily line last Friday indicate that it is about to break out of its triangular consolidation form! So, for the rest of today, we will continue to use historical level key positions ($90.3) as the intraday long short watershed operation! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
Let's look at EURUSD.
What you can see now is the daily chart of EURUSD.
The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square!
As shown in the figure, the center of gravity of the daily line of the euro against the US dollar for three consecutive trading days has been attracted by the recent bottom up gold split of 2.000! So in the future, we can continue to use the lowest point in May this year (1.06343) as an important intraday point for operation! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
Finally, let's take a look at GBPUSD.
Now you can see the daily chart of GBPUSD.
The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square!
As shown in the figure, the pound against the US dollar has been supported by the recent bottom against the gold split of 1.618 in the past three trading days! So for the continuation period today, we can continue to use the long start position at the end of May this year (1.23160) as an important intraday point for operation! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period!
Special reminder, today is Monday, and there will be a speech by European Central Bank President Lagarde tonight. Please pay attention to the risks!
Im Older Duan. Wish you happy win . Goodbye!
Euro H4 | Downturn to resume?The Euro (EURUSD) could rise towards a pullback resistance and potentially reverse off this level to drop lower.
Sell entry is at 1.06787 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 1.07200 which is a level that sits above the 78.6% Fibonacci retracement level and an overlap resistance.
Take profit is at 1.06167 which is a recent swing-low support level.
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.
Forex Capital Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% 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.
FXCM Australia 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.
2023.9.22 the pound fell sharply reaching 1.6182023.9.22 the pound fell sharply reaching 1.618
Hello, I'm Older Duan. Today is Friday, September 22nd 2023.
Now it's 17pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the US dollar index broke through the previously indicated bearish starting point for this year twice yesterday and today, which is the opening price of 105.690 on March 9, 2023. The upper space has already been opened!
Now, let's look at gold.
Now you can see the daily chart of gold.
The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square!
As shown in the figure, gold fell below the daily average density range yesterday and peaked today (daily 21, 55, 233)! So, for the rest of today, just use the daily level long short divide daily level 55 moving average (1927.31 US dollars) as an important intraday point operation! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
Let's take a look at American crude oil.
What you are now seeing is daily level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination!
As shown in the figure, the daily closing pattern of US crude oil yesterday showed a long upward shadow with a small positive line, and today US crude oil continues to strengthen! So, for the rest of today, just use the historical level key position ($90.3) as the intraday long short watershed operation! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
Let's look at EURUSD.
What you can see now is the daily chart of EURUSD.
The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square!
As shown in the figure, the euro against the US dollar both yesterday and today tested the recent new low, but the center of gravity of the daily line is still around 2.000 above the recent bottom of the golden section! So in the future, we can continue to use the lowest point in May this year (1.06343) as an important intraday point for operation! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
Finally, let's take a look at GBPUSD.
Now you can see the daily chart of GBPUSD.
The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square!
As shown in the figure, the pound fell sharply against the US dollar again yesterday, reaching its lowest point at the recent bottom of 1.618 against the gold split. It is still weak today! So for the continuation period today, we can continue to use the long start position at the end of May this year (1.23160) as an important intraday point for operation! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period!
Special reminder, today is Friday and there will be a weekly closing market tonight. Please pay attention to the risks!
Im Older Duan. Wish you happy win . Goodbye!
Make the opponent flinch, and you've already won - Musashi 📼 The market has been relentless to the downside over the last 2-3 months.
0:0 Monthly timeframe
2:00 Weekly timeframe
5:35 Daily timeframe
8:45 4hr timeframe
12:35 let's zoom out a bit
12:30 1hr timeframe
15:15 Bias
Fueled by Inflation data and technical confirmations, the market has continued is descent time & again. Tuesday Wednesday and thursday have closed bearish. We have established momentum in the market and I believe it is likely that we contiue on this path to end the week. The weekly can may continue to pull to the downside as it is currently bearish and has a 77 pips top wick. The thursday daily candle closed bearish and we have a wick to go fill with momentum. The market set itself up early in the week as it was bullish on monday and observed bullish impulses on tuesday and wednesday. Thursday saw a continuation of the bear momentum established on wednesday and I believe we may also see a continuatiion on Friday. It is easier trading with the trend.. and they do say .. the trend is your friend.
With that said, we must remain flexible when trading the markets and our success across time realy depends on our ability to adapt to the changing market conditions.
2023.9.21 USD test for strong pressure2023.9.21 USD test for strong pressure
Hello, I'm Older Duan. Today is Thursday, September 21st 2023.
Now it's 17pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the US dollar index has already tested the short start point of this year as previously indicated, which is the opening price of 105.690 on March 9, 2023!
Now, let's look at gold.
Now you can see the daily chart of gold.
The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square!
As shown in the figure, gold rose and fell yesterday, and today it is at the daily level of the 21 moving average, 55 moving average, and 233 moving average. There is a long and short competition nearby! So, for the rest of today, just use the daily level long short divide daily level 55 moving average (1928.26 US dollars) as an important intraday point operation! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
Let's take a look at American crude oil.
What you are now seeing is daily level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination!
As shown in the figure, US crude oil continues to decline! So, for the rest of today, we will continue to use last November's short start position ($88.958) as the intraday long short divide operation! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
Let's look at EURUSD.
What you can see now is the daily chart of EURUSD.
The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square!
As shown in the figure, the euro rose and fell against the US dollar yesterday, with its highest point almost touching the daily 21 moving average and hitting a new low in the near future today! So for the continuation period today, just use the lowest point in May this year (1.06343) as the important intraday point operation! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
Finally, let's take a look at GBPUSD.
Now you can see the daily chart of GBPUSD.
The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square!
As shown in the figure, the pound has continued to weaken against the US dollar, hitting a recent low again today! So for the continuation period today, we can continue to use the long start position at the end of May this year (1.23160) as an important intraday point for operation! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period!
Special reminder, today is Thursday, and tonight there will be a Bank of England resolution and the US initial unemployment benefit data market. Please pay attention to the risks!
Im Older Duan. Wish you happy win . Goodbye!
A Bearish squeeze 🐻 unfolding or too hopeful? ❌EurUsd Buyers in La la land or are we onto something here?
0:0 Monthly timeframe
2:10 Weekly tiemframe
5:26 daily timeframe
7:34 4hr timeframe
10:25 Let's talk interest rates
12:30 1hr timeframe
At times the market has coincided it's bottom or top with a News release. Today we have the September Interest Rates release as our fundamental catalyst for a potential bearish squeeze. We have 9 Bearish candles in a row. I was wrong last week about EurUsd longs so maybe I'm at fault here and this scenario is a long shot, no pun intended. We saw Profit taking on Fridaylast week and the market inched to the upside. On Monday we saw a clean range followed by a breakout to the upside on the intra-day timeframes during NY session. Today we observed a breakout to the upside once again with London Session. When NY session came around , price said " Not Yet" as we have Interest rates coming up and it was not the right time. We just ranged today prior to interest rates as one could expect. What I'm looking for is a move prior to news or a wick with news between 1.064 daily support level and 1.066 weekly support level preceding an increase back to 1.075 Daily resistance Zoneish. Not anticipating a rate hike or a rate cut as things will likely remain unchanged as we've already observed the fastest rate hike ever.
Market overview: EURUSD & GOLDThe Strifor team welcomes everyone❗️
Expert Viktor is in touch, and here I shared my view on the two most popular trading instruments on the Forex market: EURUSD and GOLD .
Thank you for like and don't forget to follow us❗️
GBPUSD I Pivot upward from weekly levelWelcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
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2023.9.20 peak of US crude oil is completed!2023.9.20 peak of US crude oil is completed!
Hello, I'm Older Duan. Today is Wednesday, September 20th 2023.
Now it's 17pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the US dollar index has maintained a sideways trend for four consecutive trading days, waiting for the Federal Reserve's interest rate resolution and Powell's speech!
Now, let's look at gold.
Now you can see the daily chart of gold.
The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square!
As shown in the figure, gold crossed the daily level long short divide daily level 55 moving average ($1929.17) twice yesterday and today! So, for the rest of today, just use this position as an important point during the day! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
Let's take a look at American crude oil.
What you are now seeing is daily level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination!
As shown in the figure, the short-term top form of US crude oil has been completed, rising and falling yesterday, and continuing to plummet today! So, for the rest of today, just use last November's short start position ($88.958) as the intraday long short divide operation! Above it, the lower part is the main; Below it, high altitude dominates!
Let's look at EURUSD.
What you can see now is the daily chart of EURUSD.
The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square!
As shown in the figure, the euro rose and fell against the US dollar yesterday, but overall it remains weak! So for the continuation period today, just use today's opening price (1.06806) as an important point for intraday operations! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
Finally, let's take a look at GBPUSD.
Now you can see the daily chart of GBPUSD.
The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square!
As shown in the figure, the pound fell sharply against the US dollar today due to the impact of UK CPI data, hitting a new low in the near future! So for the continuation period today, just use the bull start position at the end of May this year (1.23160) as the important point for the day operation! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period!
Special reminder, today is Wednesday, and there will be a Federal Reserve interest rate resolution and a speech by Federal Reserve Chairman Powell tonight and early tomorrow morning. Please pay attention to the risks!
Im Older Duan. Wish you happy win . Goodbye!
Some retracing in store? 🏪 EurusdAfter monstrous gains last week from EU bears, is the time up ? 🕓
0:0 Monthly timeframe
2:21 Weekly timeframe
5:28 Daily timeframe
7:00 4hr timeframe
10:27 1hr timeframe
There are a few scenarios that we can observe here for Eurusd this week .
1. Eurusd Pulls up prior to Interest rates ( Stays above 1.065 Daily support zone) and continues to retrace with Interest rates remaining the same or cut 25 points
2. Eurusd Pullback early in the week( 1.0706 & 1.0754) as we are currently observing which precedes a continuation to the downside (1.0608 & 1.055) with Interest rates as the catalyst
3. Eurusd rate increase and EURUSD bearish Continuation towards 1.055 Monthly/weekly support level
So price has continued to retrace EUR rate increase, PPI, and retail sales data from last thursday. Consumer sentiment on Friday was not great for USD and price retraced in favor of EUR as well. It's a sort of change of character as sellers ( USD Buyers) do not appear to be in control. Sometimes when you observe a short or medium term top or bottom formulate in the market, it begins with a blowoff push in the direction of the trend. This blowoff is great for those trading with the trend, but if those traders don't Take Profit they go into denial as price retraces and retraces against them. This move on thursday 9/14 is a 100 pips blowoff that may act as our catalyst for a short-medium term reversal in the market.
EURUSD bulls in playEURUSd is on the verge of a correction but remains in a bullish cycle for the week.
EURUSD H4 | Bearish reaction off 50% fibo?Price is approaching our sell entry at 1.0705, which is a pullback resistance level, aligning with the 50% fibo retracement and slightly below the 100% fibo projection. Our stop loss is at 1.0765, which is the overlap resistance level. Take profit is at 1.0640, which is a swing low support level.
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.
Forex Capital Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% 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.
FXCM Australia 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.
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2023.9.19 GBPUSD remain relatively low2023.9.19 GBPUSD remain relatively low
Hello, I'm Older Duan. Today is Tuesday, September 19th 2023.
Now it's 17pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the US dollar index has maintained a sideways trend for three consecutive trading days, and has not yet hit the short start level of 105.690 in March this year!
Now, let's look at gold.
Now you can see the daily chart of gold.
The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square!
As shown in the figure, yesterday's daily closing of gold showed a standard outflow pattern, breaking and stabilizing the three moving averages of the daily level at once. Today, it confirmed the daily level long and short watershed daily level 55 moving averages (1930.01 US dollars)! So, for the rest of today, just use this position as an important point during the day! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
Let's take a look at American crude oil.
What you are now seeing is daily level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination!
As shown in the figure, US crude oil has continued to soar, breaking through the historical key level of $90.3 and almost touching the strong pressure level of $91.6! So, for the rest of today, just use these two positions as the daytime long and short water separation intervals! Sell high and buy low within the range, and chase up and kill down outside the range!
Let's look at EURUSD.
What you can see now is the daily chart of EURUSD.
The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square!
As shown in the figure, the euro rebounded slightly against the US dollar yesterday, hitting its previous low of this month, which was the lowest point of 1.06856 on September 7, 2023! So for the continuation period today, just use this position as an important point for operation during the day! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
Finally, let's take a look at GBPUSD.
Now you can see the daily chart of GBPUSD.
The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square!
As shown in the figure, the pound has remained relatively low against the US dollar for three consecutive trading days, and there has been a consolidation of inter district fluctuations! So for the continuation period today, just use today's opening price (1.23818) as an important point for the day! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period!
Special reminder, today is Tuesday, and there will be a Federal Reserve interest rate resolution and a speech by Federal Reserve Chairman Powell tomorrow night and the morning after tomorrow. Please pay attention to the risks!
Im Older Duan. Wish you happy win . Goodbye!
