EURUSD. Daily Timeframe AnalysisHey traders and investors!
The price has formed a sideways range.
Sideways Range Boundaries:
• Upper boundary: 1.06300 USD.
• Lower boundary: 1.03319 USD.
Movement Vectors in the Range
The beginning of the last seller's sub-impulse (within the seller's impulse 4-5 in the range) is marked at 1.04584, which is near the 50% level (1.04271) of the last seller's impulse (vector 4-5 in the range).
Buyers showed strength near the lower boundary, forming a buyer's zone (green rectangle on the chart), which may serve as support for further upward movement. The current buyer's vector is 5-6, with a potential target of 1.06098.
Volume Analysis
An increase in volumes is visible on the chart on January 24 and 27, 2025. The high volume at this level indicates active participation from both buyers and sellers. Special attention should be paid to the concentration of volumes on January 27 and 24 in the upper parts of the bars (blue line on the chart), which are above 1.04584. Currently, the seller has pushed the price back below 1.04584 (the beginning of the last seller's sub-impulse). This means that the volumes of the previous two days remain above. It looks like a level manipulation (false breakout).
Key Trading Levels
Buying Opportunities:
• Look for buying patterns around 1.03319 (lower boundary).
• A breakout above 1.05333 could open the way to 1.06098.
Selling Opportunities:
• Sellers may defend the 1.04584 level - look for selling patterns near this level. Potential targets - 1.03417, 1.03120 (monitor the reaction at 1.04116).
The hourly timeframe can be used to identify entry points.
I wish you profitable trades!
Eurusd-3
EURUSD 28 Jan 2025 W5- Intraday - US Durable Goods & ConfidenceThis is my Intraday analysis on EURUSD for 28 Jan 2025 W5 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment
4H Chart Analysis
15m Chart Analysis
Market Sentiment
Tariff Discussions Continue: President Trump and Treasury Secretary Scott Bessant focused on tariff policies in their recent statements.
Bessant's Proposal: Bessant suggested a universal tariff starting at 2.5%, with a gradual monthly increase of 2.5%, potentially reaching up to 20%.
Trump's Tariff Plans: President Trump announced plans to impose tariffs on computer chips, pharmaceutical producers, and industries like steel, aluminum, and copper.
Trump's Push for Higher Tariffs: Trump expressed a desire for tariffs significantly higher than 2.5%, contradicting Bessant's proposal. This added further uncertainty to the market.
4H Chart Analysis
1️⃣
🔹Swing Bullish
🔹INT Bullish
🔹Swing Continuation after BOS
2️⃣
🔹INT structure continuing bullish after the bullish BOS. We expect that at anytime the Swing Pullback will start.
🔹With price failing to close above Weak INT High, there is a HP that we are going to target the INT Low which will facilitate the Bullish Swing Pullback.
🔹Price is currently mitigating the 4H Demand and we could see some bullish move to facilitate the LTF pullbacks only.
3️⃣
🔹Expectation is set for price to continue Bearish to facilitate the Daily Bearish Continuation.
15m Chart Analysis
1️⃣
🔹Swing Bearish
🔹INT Bearish
🔹Swing Pullback Phase
2️⃣
🔹Swing structure turned bearish after mitigating the Daily Supply zone.
🔹With the bearish BOS, a pullback is expected during the session today as we are mitigating the 4H Demand zone.
3️⃣
🔹Expectation is set to continue bearish to facilitate the 4H Swing pullback and Daily Bearish continuation.
Euro maintaining uptrend due to short-term dollar weakness
The short-term dollar weakness is leading to a notable appreciation of the euro. Within the ECB, there are varying opinions regarding the future rate trajectory, but the prevailing sentiment strongly leans towards the necessity of further rate cuts. ING Group is confident that the ECB will cut interest rates by an additional 25bp at its monetary policy meeting this week and will pursue more gradual easing throughout the year.
It’s also crucial to closely monitor Germany's 4Q GDP and Spain's January CPI results set to be released this week. Germany's GDP (QoQ) is projected to drop to -0.1% from 0.1% in the previous quarter, while the market anticipates Spain's January CPI to rise to 2.9% from 2.8% in the prior month.
EURUSD broke below EMA21 and retreated to 1.0430. However, the price is still holding an uptrend, sustaining bullish momentum.If EURUSD breaks above EMA21 and the resistance at 1.0455, the price could gain upward momentum toward 1.0530. Conversely, if EURUSD breaks below the channel’s lower bound, the price could test the support at 1.0400.
EURUSD Analysis: Bull IncomingHello everyone, starting this sunday with a EURUSD Long Analysis:
As we can see, we have recently entered a bullish trend and I believe we are really close to a great entry.
As seen on the chart, the bottom trendline and what was this months highest resistance (now hopefully a support) are really close to be reached. and if the EURUSD keeps following the same trend as it has for now, we should have a solid trade.
I expect price to reach 1.05559 where my TP will also be set.
I have set the SL at 1.03969 which leaves room for the trade to breathe in case of high volatility during Mondays NY Session, which leaves us with a 3.02 Risk/Reward.
Happy trading! Let me know your thoughts on this.
Bullish bounce off pullback support?The Fiber (EUR/USD) is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 1.0441
1st Support: 1.0372
1st Resistance: 1.0535
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Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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Gold: Under Attack, Key Support in DangerThe gold market is experiencing significant volatility, with prices undergoing a correction after approaching multi-month highs. Currently, XAU/USD is trading around $2,740, below the key resistance at $2,790, as recent declines reflect a mix of profit-taking, technical pressures, and macroeconomic factors. Recent selling has triggered a natural correction after prices neared significant resistance levels, while expectations for Federal Reserve rate cuts have been scaled back, strengthening the US Dollar and putting further pressure on gold prices. Algorithmic trading has also amplified the declines. Market sentiment has been impacted by comments from the US President regarding tariffs, which have boosted the dollar and reduced demand for gold as a safe haven. Additionally, weak PMI data from China in January has indicated economic contraction, fueling global risk sentiment and further weighing on gold.
Despite the recent drop, gold previously benefited from a weaker dollar and geopolitical tensions, which pushed prices near record highs. However, trade concerns and the recent strengthening of the dollar have reversed this trend. Technically, gold finds provisional support around $2,730, although further bearish pressure could push it toward $2,700 or lower. The key resistance at $2,790 remains challenging to breach without positive macroeconomic momentum or a weaker dollar, while $2,730 acts as the first defensive level, followed by $2,700, which could serve as a stronger base.
Traders should focus on upcoming events, including the Federal Reserve's rate decision on January 29, which will directly influence the dollar and, consequently, gold prices. A more hawkish stance could intensify pressure on gold. The European Central Bank’s decision on January 30 could also shift global sentiment, while US Q4 GDP data may play a role, as strong growth figures could further support the dollar and limit gold’s upside potential. Gold is currently in a correction phase, and while key resistance stands at $2,790, support near $2,730 remains crucial. If this support level breaks, gold could face additional downside pressure, though signs of a global economic slowdown or dovish signals from central banks could spark a recovery.
DXY - 1H still bearish...While some signals indicate buy opportunities on the dollar index, I remain skeptical. As mentioned in our 4H analysis, the third bullish leg has been completed, and I expect a deeper correction in CAPITALCOM:DXY .
In the 1H time frame, we can observe that the second reaction to the support zone is significantly weaker than the first. This could indicate a potential breakdown of the support zone, with the index likely falling below the 107 level.
Let’s see how this plays out! Follow for timely updates and expert insights! 🚀
EURUSD 1D MA50 break-out after 4 months. Major bullish signal.The EURUSD pair broke above its 1D MA50 (blue trend-line) for the first time in almost 4 months (since October 03 2024). This is a major bullish signal as not only does it stop the downtrend that started on the September 25 2024 High but it resembles the post bottom rally of the November 02 2023 and March 21 2023 1D MA50 break-outs.
The 1D RSI sequences between those fractals are identical and both previous bullish break-outs hit at least their 0.681 Fibonacci retracement levels. That is currently where the 1W MA200 (red trend-line) is trending towards, which is the major multi-year Resistance and a valid target and sell entry for swing traders.
The current rebound however faces for the first time in years a bearish trending 1D MA200 (orange trend-line), so our Target has to be on it and not exceed it. We are aiming for 1.07500.
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EURUSD → price confirms trend changeEURUSD breaks the trend. The price comes out of consolidation, updating the highs confirms the final change of trend. Now the struggle in the market will be for the resistance zones...
The dollar correction, the main motives of which are politics and geopolitics, gives chances to the forex market. EURUSD has been strengthening for a month and is beginning to hint at good prospects if the dollar continues its correction in the meantime. This week all eyes are on the Fed rate and inflation meeting, which may support the current movements.
Technically, the focus is on the support at 1.0448. If the bulls hold the defense above this zone, the price will reach 1.06 - 1.07 in the short to medium term.
Resistance levels: 1.053, 1.0607
Support levels: 1.0448
The price has already tested the area of 1.0448. Another false breakdown may be formed, the purpose of which will be the capture of liquidity, after which the currency pair will continue its growth according to the intentions of buyers, who have finally awakened interest in the euro.
Regards R. Linda!
EUROUSD TRADING POINT UPDATE> READ THE CHAPTIN Buddy'S dear friend 👋
SMC Trading Signals Update 🗾🗺️ Euro USD Traders SMC-Trading Point update you on New technical analysis setup Euro USD breakout of MA 200 ) Now 👍 Looking start with bullish trend 📈 🚀 analysis setup update fisrt I look short 1.04918- 1.04322). That' is good buying zone ☺️) target point 1.5540)
Key resistance level 1.05215 +1.05540
Key support level 1.4500 1.043222. .104107
Mr SMC Trading point
Support 💫 My hard analysis setup like And Following 🤝 me that star ✨ game 🎮
Could the Fiber bounce from here?The price is falling towards the support level which is an overlap support that lines up with the 23.6% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.0451
Why we like it:
There is an overlap support level that lines up with the 23.6% Fibonacci retracement.
Stop loss: 1.0391
Why we like it:
There is a pullback support level that aligns with the 50% Fibonacci retracement.
Take profit: 1.0535
Why we like it:
There is a pullback resistance level.
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EURUSD 27 Jan 2025 W5- Intraday - EU Lagarde / US Home SalesThis is my Intraday analysis on EURUSD for 27 Jan 2025 W5 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment
4H Chart Analysis
15m Chart Analysis
Market Sentiment
Tariffs will remain a key driver of market volatility, heavily influenced by Trump's shifting tone. While the market initially welcomed a "risk-off" sentiment following his announcement of a modest 10% tariff on China—interpreted as avoiding a full-blown trade war—Trump has since shaken markets by imposing a 25% tariff on Colombia. There are also rumors circulating that similar measures could target Canada and Mexico as early as Saturday, February 1.
Tariffs are likely to be the primary market mover for the foreseeable future, so it's essential to stay vigilant and mindful of potential rumors. Trump’s unpredictability isn’t going anywhere 😁—adapt accordingly!
4H Chart Analysis
1️⃣
🔹Swing Bullish
🔹INT Bullish
🔹Swing Continuation after BOS
2️⃣
🔹INT structure continuing bullish after the bullish BOS. We expect that at anytime the Swing Pullback will start.
🔹Currently price at a Daily Supply Zone that can initiate at least INT Structure Pullback and may extend to Swing Pullback to at least Swing EQ (50%)/Daily and Weekly Demand.
3️⃣
🔹Expectation is price to initiate a pullback for the Bullish INT structure and then continue bullish from demand to target the Daily INT High/Weekly Liquidity.
🔹With today market open, price created a Bearish CHoCH to initiate the INT Structure Pullback.
🔹More development required on LTFs/Intraday Analysis.
15m Chart Analysis
1️⃣
🔹Swing Bullish
🔹INT Bearish
🔹Swing Pullback Phase
2️⃣
🔹After the Bullish iBOS we expect a Swing Pullback, INT structure turned bearish to facilitate the 15m Swing Pullback.
🔹With the bearish iBOS, a pullback is expected during the session today.
3️⃣
🔹Expectation is set to bearish to facilitate the Swing pullback to at least the Swing EQ/4H-Daily demand zone which is well positioned in Swing Discount.
I’m looking for:
🔹Shorts from the INT structure Supply Zone positioned within the 4H Supply Zone only if we didn’t mitigate the 4H Demand.
🔹Longs from the 15m Demand within the 4H Demand zone for the 15m Bullish Swing and 4H Bullish INT Structure continuation.
EURUSD - JANUARY 27, 2025Right now, I’m expecting price to react from the 1.04699 zone, which is an important area on my chart. If price shows signs of bouncing from this level on the 5-minute chart, I’ll be looking for opportunities to go long (buy) targeting the Daily high.
What Happens If Price Doesn't Hold?
If price doesn't hold at 1.04699, I’ll shift my focus to looking for short (sell) opportunities down to the 1.04200 zone. This area is interesting because it lines up with several important technical factors:
A 15-minute Breaker Block, which is a level where price has reacted before.
A 15-minute Fair Value Gap (FVG), which represents an imbalance in the market.
A 15-minute Order Block (OB), which is a strong area of interest for potential buyers.
Key Things to Keep in Mind:
Now, the 1.04200 zone also lines up with the daily low, which is at 1.04112. This means price might sweep below that level to grab liquidity before moving higher.
If that happens, I’ll be watching the 1.04052 zone, where there’s a 5-minute Order Block that could act as strong support. If I see a bullish shift here, I’ll consider buying with an upside target at the daily high of 1.05211.
NZDJPY - 2025 Plan. Make It Your Best Year Yet!Here we have the 2 Day chart for NZDJPY.
We've seen a massive impulse mid 2024. We are now in an ABC correction.
We are currently in wave B of the correction, subwave B. Expecting subwave C to complete wave B.
We're looking for a rejection of the fib zone and a drop of over 700pips.
Trade idea:
- Watch for rejection of fib zone
- Once rejection appears, enter with stops above the highs
- Targets: 86 (350pips), 83 (700pips)
Once we've completed this move down, we'll be looking for longs. We'll update this setup if there's enough engagement.
Goodluck and as always, trade safe!
EURUSD: PCE, FOMC and ECB in one weekThere has not been much of the currently important data posted during the previous week for the US. The S&P Global Composite PMI Flash for January reached the level of 52,4, which was a bit below market expectations of 55,3. At the same time, the S&P Global Manufacturing PMI flash for January was holding better from market expectations at the level of 50,1, while the market was expecting to see the figure of 49,7. Existing Home Sales in December were higher by 2,2% compared to the previous month, significantly higher from forecasted 0,3%. The Michigan Consumer Sentiment final for December reached the level of 71,1, and was a bit lower from expected 73,2. At the same time, five years inflation expectations reached a bit elevated level at 3.2% from the previous post of 3%.
The Producers Price Index for December in Germany dropped by -0,1% for the month, significantly below market consensus at 0,3%. The same indicator reached the level of 0,8% on a yearly basis in December. The ZEW Economic Sentiment index reached 10,3 in January for Germany, again below market expectations of 15,3. The Consumer Confidence flash for January in the Euro Zone reached a negative value of -14,2, but was in line with market consensus. The HCOB Manufacturing PMI Flash in January for Germany reached the level of 44,1, which was a bit above forecasted 42,7. At the same time, the HCOB Composite PMI flash for January within the Euro Zone held above the level of 50 , reaching 50,1, which was above market expectations of 48,2.
Although there has not been too much currently important macro data posted during the previous week, certainly the main event was the inauguration of the new US President. The markets were closely watching this event in order to obtain information regarding the fulfillment of all pre-election promises, mostly related to tariffs to China and the crypto industry. There were no negative surprises on this side, so the markets continued to price financial assets with their current expectations. Two weeks ago, the eurusd currency pair reached its lowest level at 1,02 and from this point started its short term reversal to the upside. It reverted back toward the 1,04 resistance line, which was tested as of the end of the week. The highest weekly level reached was 1,05, however, this level was tested only shortly on Friday. The RSI reached the level of 60, leaving some further space until a clear overbought market side is reached. The moving average of 50 days is slowing down its divergence from MA200, but is still not ready to start the convergence path.
The week ahead will be the second most important week in January, as both the ECB and the Fed will decide on reference interest rates. The market is currently set positively that the ECB might continue with rate cuts, while the same could not be said for the Fed. The market expectations are on the side that Fed might hold interest rates at current level at least till the end of Q1. Anyway, the week ahead is going to be full of macro data, central bank decisions, in which sense, some volatility might be expected. Fundamentals will shape the market sentiment this week. As per current charts, the eurusd will start the week ahead by testing 1,04 level. There is also indication that the currency pair might continue to catch higher grounds, in which sense, levels above 1,05 might be tested. At this moment, charts are not pointing toward some higher probability that the currency pair might return toward 1,03.
Important news to watch during the week ahead are:
EUR: Ifo Business Climate and Ifo Current Conditions for January in Germany, GfK Consumer Confidence in Germany for February, GDP Growth Rate flash for Q4 in Germany and the Euro Zone, Unemployment rate in the Euro Zone and in Germany, ECB Interest Rate Decision, Inflation rate preliminary in Germany in January,
USD: New Home Sales for December, Durable Goods Orders for December, FED Interest Rate Decision and press conference after the FOMC meeting, GDP Growth Rate for Q4, PCE Price Index for December, Personal Consumption and Personal Spending