🔰 Pair Name : EUR/USD 🔰 Time Frame : 1H/4H 🔰 Scale Type : SMALL Scale 🔰 Direction : SHORT/SEL Yesterday, the EURUSD pair established a notable bottom and subsequently retraced to a point midway within the selling liquidity. Worth noting is that upon reviewing the 1-hour and 4-hour charts, it becomes evident that the price of EURUSD has not yet reached its...
weekly bearish daily bearish 4hr break and retest waiting for comfirmation
Price did a break and retest above our 1.0918 Daily S/R Zone during Asian trading today and has increased 58 pips since then. The Daily candle reached within 9 pips of the 1.0986 Daily resistance zone formed last week. This return back to the topside of what looks to be a range forming now. Top of the range being 1.0986 Daily resistance zone and 1.08908 Daily...
After completing five impulsive waves, EURUSD has started to form corrective waves from the 🔴 resistance zone($1.1027-$1.098) 🔴. The structure of the corrective wave with respect to wave A is of Zigzag type(ABC/5-3-5) . Wave B ended near the resistance zone and Price 🟡 Reversal Zone(PRZ) 🟡. After breaking the support line, I expect wave C to continue to...
Please, check our technical outlook for EURUSD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.092. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.110 level soon. P.S Please, note that an...
EURUSD - 24h expiry Price action looks to be forming a top. Price action has stalled at good resistance levels and currently trades just below here (1.0980). Short term RSI is moving lower. A move through 1.0920 will confirm the bearish momentum. The measured move target is 1.0820. We look to Sell a break of 1.0919 (stop at 1.0949) Our profit targets...
By examining the GBPUSD chart in the 4-hour time frame, we can see that the price is reacting positively to the Institutional Support level in the range of 1.27 in the last few days! Now I expect that if the strength of this zone decreases and 1.2686 breaks and price can consolidates below that, the price can fall to lower levels as well! Important support levels...
By checking the EURUSD chart in the 4-hour time frame, we see that the price has entered a MB and if it stabilizes below 1.09250, we can expect a drop to 1.085 as the first target and 1.078 as the second target! The next supply levels (other scenarios) are 1.09490 to 1.096 and 1.098 to 1.10, respectively! Don't Forghet To Push The Boost (Like) Button and Follow...
EUR/USD has edged lower on Wednesday. In the European session, EUR/USD is trading at 1.0939, up 0.20%. The German GfK Consumer Sentiment report found that consumer confidence is expected to fall in July to -25.4, down from a downwardly revised -24.4 in June. The report noted that the German consumer is reluctant to spend due to economic uncertainty, and high...
Hi folks today I'm prepared for you Euro analytics. A few days ago price declined to the resistance zone, which coincide with the resistance level. After this price try to rise, but failed and at a short time declined and first fell to the support level, which was located inside from support zone. Rather Euro broke this level and bounced down to the trend line....
Hey, buddy! Let's dive into today's analysis on EURUSD on the 15-minute time frame. It's looking quite interesting, so buckle up! 🚀 First things first, the 15M swing seems to be bearish. You know what that means, right? It's an indication that the internal structure might just line up with the swing for some bearish moves. So, we should keep an eye out for...
Is EURUSD due for some major correction. As the pair already complete the 5 wave count and already break bullish parallel channel. Now the pair is ready for major correction.
Hey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.27400 zone, GBPUSD was trading in an uptrend and successfully managed to break it out. Currently we are waiting for a correction to see a potential retrace of the trend towards more lows. Trade safe, Joe.
Preferred direction: BUY Comment: A near retest of the level 144 at the moment promises buyers a breakdown and a hike to the level 145. Sellers still fail to overcome this obstacle, so one should not expect active sales for the time being. The Bank of Japan is also inactive, only a comment from the members of the BOJ will make it possible to radically change...
Preferred direction: BUY Comment: Buyers were able to close above the specified level of 1.09526, that opens up prospects for growth to 1.10677. The parameters of the trade allow one to enter with a risk/profit ratio of at least 1/3. At the same time, Stop Loss must be placed under the level of 1.09526. Thank you for like and share your views!
US Stocks Rebound As A Result Of Positive Economic Data Key News: USA – Fed Chair Powell Speaks USA – Crude Oil Inventories Tuesday witnessed a notable recovery in US stock indices, signaling a turnaround from a recent string of losses. The resurgence was spurred by positive economic data, easing investor concerns regarding a potential recession...
EURUSD broke again over the 4H MA50 after closing over the 1D MA50 and keeping the 4H MA100 intact. The 1D time frame is on excellent bullish technicals (RSI = 60.189, MACD = 0.003, ADX = 30.775) while the 4H MACD formed a Bullish Cross. We see the potential for the emergence of a Channel Up and every Higher High matches the upper Resistance levels. We are buying...
Buys yesterday turned out great and with EUR/USD maintaining the bullish structure we shall continue to look for buy opportunities. I'll be looking for buys with continuations above the 1.096 price level or at pullbacks to the 1.093 price point of interest. I couldn't see sells unless we get a break below 1.089. Noticeable news this week: The ECB Banking...