The EURUSD faces a lot of resistance on the approach to 1.1250There are a lot of opposing forces with the USD in the coming sessions with month end flows, corporate month end flows and economic data. The EURUSD is also approaching very critical resistance near the 1.1250 level which is a trend line from 2008!
Eurusd-4
EUR/USD Buy Opportunity - Short-Term AnalysisMonthly & Weekly Perspective
The EUR/USD is showing a strong buy opportunity, driven by recent macroeconomic developments. The U.S. Federal Reserve recently cut interest rates by 50 basis points, a significant move that weakens the dollar in the short term. Although the U.S. has been one of the more cautious economies, being the last to cut rates, this decision will likely continue to exert downward pressure on the dollar in the weeks to come.
Key Points Supporting the Buy Opportunity:
Interest Rate Cuts: The rate cut will lead to a short-term decline in the dollar's strength, which is bullish for the EUR/USD. As the market adjusts to this new monetary policy, we can expect further weakening of the dollar.
DXY Divergence: A bearish divergence on the U.S. Dollar Index (DXY) is signaling further dollar weakness. This divergence, in tandem with rate cuts, reinforces the potential for EUR/USD appreciation.
Bond Market Signals:
The 10-Year Treasury Note and Bond 10-Year Yield are also showing bearish signals for the dollar. When yields decline, it typically indicates lower demand for the dollar, adding further support to the EUR/USD rally.
Technical Levels:
On the monthly and weekly charts, EUR/USD is approaching a crucial resistance level marked by a previous monthly high (Red Line). There’s a high probability of price seeking liquidity above these highs before initiating a potential reversal to the downside.
Liquidity Targets: Before any sustained sell-off begins, the pair needs to clear monthly liquidity resting above key highs. This will likely create an upward momentum toward the red resistance line, which can serve as a target for buy trades.
Buying Scenario:
Entry Point: The current price action suggests that there are favorable buy opportunities as long as the EUR/USD trades above critical support levels on the weekly and monthly charts. Traders should be cautious around major resistance but can target the highs near the red line before considering a sell-off.
Risk Management: Keep an eye on the U.S. data releases in the coming weeks to monitor if the rate cuts were the right decision. These could impact the dollar and, consequently, the EUR/USD trajectory.
EURUSD → 1.12000 This WeekThe key level this week is at 1.12000
Today, we have two news during the american session where high volatility is expected. If the euro falls to the minimum level of last Friday, we will take advantage of this to add new buy orders.
Guys, what do you think? Leave a comment with your thoughts.
Euro can make movement up and then continue to declineHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some time ago entered to wedge, where it rebounded from the support line and rose to the resistance line, which is located in the support zone. After this, the price turned around from the resistance line made a correction to the support line, and then made an impulse up. Euro broke the 1.1010 level, after which it exited from the wedge and started to trades inside range. Inside range, EUR at once rose to the seller zone, but soon turned around and started to decline, making a fake breakout of the resistance level. In a short time later, the price tried to grow, but turned around and made a correction to the support level, after which made an upward impulse to the 1.1175 resistance level. Euro some time traded near this level and not a long time ago started to decline. Therefore I think that the price can make movement up and then continue to decline to the support level, which coincides with the bottom part of the range. For this case, I set my TP at 1.1010 support level. Please share this idea with your friends and click Boost 🚀
GOLD H4 Analysis And Route Map For Next Move - BullishPair Name = XAUUSD
Timeframe = H4
Analysis = technical + fundamentals
Trend = Bullish
Please see the Above chart To see The Gold Next Moves.
We are currently in new Price Ranges. But we are also using our previous analysis and data to Follow the exact Path.
Currently We Can see between two strong support and Resistance levels. As we can see at chart 2650 Gold Price level and 2670 Gold Price level.
EMA 5 is indicating the trend of the market. EMA Cross over can range between 2655 to 2650. That indicates if Price breaks this level. Then we will see a small retesting period.
This kind market allow us to buy the dip and cash another next trend move.
Strongest retesting zone exists between the price level 2615 to 2600 price level.
EMA 5 Crossing levels:-
2650 To 2655
Retracement Zone:-
2600 To 2615
Bullish Gold Levels:-
2673
2690
Bearish Gold Levels:-
2650
2615
2600
2589
Stay tune we Will update again when market will give up another good direction move. With Different different time frame we check the market to get the Accurate analysis according market next move.Happy trading.
EURUSD: Strong Bearish Bias! Sell!
Welcome to our daily EURUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 1.11623
Wish you good luck in trading to you all!
EURUSD capitalizing on bullish momentumEURUSD is currently consolidating below the psychological level of 1.12000. On the daily timeframe, the price is retesting last week’s high, which could potentially break to the upside. Tuesday’s close with a strong bullish candle indicates a possible pullback toward the support area, offering a chance to catch the move in anticipation of a trend continuation. The price may bounce off the support level and the downward trendline. The target is the resistance zone around 1.12230
Levels discussed on livestream 25th September25th September
DXY: Retracing from 100.20, could retest 100.60, look for rejection to continue lower to 100 and 99.70 major support level.
NZDUSD: Buy 0.6310 SL 20 TP 50
AUDUSD: Sell 0.6880 SL 20 TP 40
GBPUSD: Buy 1.3345 SL 40 TP 80
EURUSD: Buy 1.1205 SL 15 TP 45
USDJPY: Could range between 145 and 143, look for breakout potential
USDCHF: Buy 0.8470 SL 20 TP 80
USDCAD: Sell 1.3420 SL 25 TP 55
Gold: Bounce off 2652 could trade to 2670 with major level at 2700
EURUSD H4 | Bearish DropBased on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 1.1197, which is a multi-siwng high resistance.
Our take profit will be at 1.1150 a pullback support level close to 38.2% Fibonacci retracemet.
The stop loss will be placed at 1.1220, which is above the 127.2% Fibonacci extension
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EUR/USD: The uptrend is still there!Today, I see EUR/USD breaking out of the bearish sentiment and rebounding to its recent high on Tuesday, but failing again at 1.1200. There really isn’t much support for the Euro to push higher. However, the broader USD weakness has helped keep EUR/USD high, which keeps me on the lookout for further upside in the pair.
Based on the technical indicators EMA 34, EMA 89 and support resistance zones, it makes sense to set up a buy order.
Usdjpy trade idea #usdjpy #xauusd #btcusd #eurusdusdjpy is under resistance level in 4H timeframe and currently break the 1H trendline
and taking pullback we need a red candle in my enter point to execute trade
I DON'T RECOMMAND YOU TO TAKE TRADE AFTER SEEING MY TRADE IDEA
IF YOU TRADE THEN TRADE WITH YOUR OWN STRATEGY AND TAKE RISK AT YOUR OWN RIISK
#EURUSD - 25092024So, the buy level I gave on Monday turned out to be the absolute low as EURUSD moved much higher yesterday. We can see how nicely the bands provided support as it rallied.
Triple resistance above but IMO, we are looking at a move higher for EURUSD, with 1.1135 as a good level to go long off.
Weekly EURUSD Analysis: Will the Bullish Trend Continue?Since June 26, 2024, EURUSD has been moving within an expanding channel up pattern, signaling a strong bullish trend. The ABCD Fibonacci pattern has also formed, with a bullish target at 1.1321.
Currently, EURUSD is attempting to break through the key resistance level at 1.1201. If this resistance is successfully broken, the bullish target from the Fibonacci projection is expected to be reached this week.
However, if the 1.1201 resistance holds strong, EURUSD may correct down to the support level at 1.1090 and touch the support line of the expanding channel before continuing its bullish momentum.
Will EURUSD break through resistance or undergo a correction? Let’s keep an eye on the upcoming movements!
EU: Bearish head and shoulders pattern forming!Hello all traders. Conan here!
Today, the EU is on track to continue its correction, falling below 1.1000 as the Euro uptrend quickly evaporated earlier. Currently, the EU is hovering around 1.111 and has not been too volatile recently.
Technically, there is a harmonic candlestick pattern that has formed, if the resistance zone is held by the Bears, it will accelerate into a strong downtrend to continue selling and heading for lower lows. The next important support zone will be the low seen on September 12, 2024, at 1.0550. Good luck trading to all of you.
EURUSDEURUSD . Potential long opportunity.
This is an adaptive analysis!
Our idea for EURUSD is a long after the price has fallen to our PBA (Pull Back Area). With DXY showing weakness we do believe that EURUSD could rise to our target 1.11674 . Our SL is set at 1.10751 .
In second scenario , we could see EURUSD make a deeper pullback down to 1.10500 which could be the second entry . Targets remain the same while SL would sit around 1.10150 .
PARAMETERS
- Entry: 1.11057
- SL: 1.10751
- TP1: 1.11363
- TP 2: 1.11674
KEY NOTES
- EURUSD has fallen to our PBA.
- Adaptive analysis.
- DXY showing weakness.
- EURUSD may make a deeper pullback to 1.10500.
Happy trading!
FxPocket
U.S. Dollar Index is near to fall. Soon..The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against basket of other six major currencies, extends its losses for the 5th consecutive week in a row, hovering below 102 points during the U.S. regular hours on Monday, August 19.
Over the past week, Gold spot (XAUUSD) has topped $2500 per ounce psychological high also, minting new all the history peak, while Forex Eur/Usd (EURUSD) pair just has flashed a positive 2024 YTD return, jumping above 1.10 psychological degree.
The US Dollar continues to weaken following dovish comments from Federal Reserve (Fed) officials, which have increased a new portion of expectations for an interest rate cut by the central bank in September. Furthermore, last week’s US economic data revealed that both the Producer Price Index (PPI) and Consumer Price Index (CPI) suggest that inflation is easing.
Federal Reserve Bank of San Francisco President Mary Daly stressed on Sunday that the US central bank should adopt a gradual approach to lowering borrowing costs, according to the Financial Times. Daly countered economists' concerns that the US economy is facing a sharp slowdown that would warrant rapid interest rate cuts.
Additionally, Federal Reserve Bank of Chicago President Austan Goolsbee cautioned that central bank officials should be careful not to maintain a restrictive policy longer than necessary. Although it's uncertain whether the Fed will cut interest rates next month, failing to do so could negatively impact the labor market, according to CNBC.
Additionally, the decline in the US yields contributes to downward pressure for the Greenback. 2-year and 10-year yields on US Treasury bonds stand at 4.05% and 3.85%, respectively, at the time of writing.
This week, all eyes will be on Federal Reserve Chair Jerome Powell's upcoming speech.
In a bottom line, the major technical graph for the US Dollar Index (DXY) indicates on possible huge decline for the next upcoming 12 to 18 months.
The secondary RSI(14) graph indicates also, the bearish sentiment prevails.
EURUSD H3 Analysis And Route Map For Next MovePair Name = EURUSD
Timeframe = H3
Analysis = technical + fundamentals
Trend = Bullish
Details :-
EURUSD got good volume and moved well from last Few days. Exactly on the way as predicted. It will hit a strong resistance level around 1.11946 to 1.12430
Price level.
Bullish Targets :-
1.11950
1.12430
Bearish Target :-
1.11470
1.11180
EMA 5 Cross over.
1.11500
1.11300
EURUSD: Move Up Expected! Buy!
Welcome to our daily EURUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 1.11718
Wish you good luck in trading to you all!
EURUSD potential to Buy the Deep for a short-term gainEURUSD is currently moving downward toward the support level, driven by a day of high-impact EUR news. The price action is consolidating near resistance, indicating that the market may retest the previous weekly low and potentially dip below equal lows. However, with the overall trend still bullish on the daily timeframe, a rejection signal at the support level and downward trendline could trigger a move higher. The target is the resistance zone at 1.11360
EURUSD Under Pressure! SELL!
My dear subscribers,
EURUSD looks like it will make a good move, and here are the details:
The market is trading on 1.1133 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.1120
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
DXY Analysis: Wyckoff Accumulation Suggests Upside PotentialDXY Analysis: Wyckoff Accumulation Suggests Upside Potential
The Dollar Index (DXY) recently bottomed following an extended period of consolidation, marking the end of a Wyckoff Accumulation pattern on the chart. This phase of accumulation indicates that the dollar has likely built enough momentum for a bullish move. In the near term, I expect DXY to rise toward 101.6, followed by further strength taking it to 105.55 by the end of the year. As the accumulation phase transitions into a markup phase, the dollar is set for a period of appreciation.