The EUR/USD currency pair continues to exhibit a bullish uptrend, with the price having already experienced a rebound within the range of 1.09500 to 1.09800. Currently, our focus lies in this specific zone, as we anticipate a pullback that would retest the area around 1.08600. Such a pullback could potentially pave the way for a new bullish impulse, indicating a...
Preferred direction: BUY Comment: Metals, in particular gold, as well as the Euro has a good chance to recover from the recent pressure. The growth of the metal with a high degree of probability will be exceptional due to the weak dollar. Technically, there is a great opportunity to go long after the price closes above the 1938.915 level. As a result, a false...
Preferred direction: BUY Comment: The outlook for the EURUSD currency pair is quite optimistic, despite the fact the last week passed as part of the strengthening of the US dollar. At the moment there is a potential false breakdown of the level 1.09071. As soon as the price closes above this level, then buy trades immediately take effect. The first target is at...
Price reacted to a demand zone level 1.08647 indicating a possible further push to the upside as a continuation of the move, a possible short-term buy should be around 1.08743 area, as target should be above the Asian high 1.09143, because the bearish retracement is cause by a bigger time frame.
The DXY index managed to break the 🟢 support zone ($ 103.6-$ 103.35) 🟢 and has now completed its pullback. Also, DXY seems to have broken the support line with a bearish marubozu candle , and this is a sign for DXY to start falling again, at least until the next 🟢 support zone ($ 102.86-$ 102.66) 🟢. U.S.Dollar Currency Index ( DXYUSD ) Analyze, 2-hour time...
The momentum of stocks is affected by global growth concerns and central bank actions, while the euro experiences an upswing. Key News: Eurozone - ECB McCaul Speaks Eurozone - ECB President Lagarde Speaks The US stock market is currently experiencing a decline amidst deteriorating global growth forecasts, primarily attributed to weak global Purchasing...
EURUSD is falling towards an overlap support that aligns with the 50.0% Fibonacci retracement level. Price could hit the buy entry at 1.08471 and potentially reverse to bounce higher. Take profit is at 1.09116 which is an overlap resistance. Stop loss is at 1.07928 which is an overlap support that aligns with the 61.8% Fibonacci retracement level. Please be...
I think it's bullish also it's maybe bearish because a triangle pattern can be seen. Try to lose less because profits will come #EURUSD
EURUSD is Going weak soon ! Hello, I'm Older Duan. Today is Monday, June 26 2023. Now it's 16pm 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 U.S. Dollar Index returned to the key position above 55MA...
EURUSD has broke through important support zone and one of the inclining trendline. and currently testing the broken support as a resistance around 1.0900 region. Will the pair hold bearish trend and move even lower?
It was an important week for USD as Fed Chair Powell was speaking in front of the US Senate, answering various questions regarding the state of the US economy. Some of the major points stressed were that the inflation has slowed down, but it continues to be persistent. In this sense, there should be expected additional rate hikes as of the end of this year. The...
The EUR continues to exhibit bearish tendencies in the current market environment. Despite intermittent rallies, the broader downward trajectory suggests that the bearish sentiment surrounding the currency remains strong. This sentiment is influenced by a confluence of factors. The European economy, while showing signs of recovery in some sectors, still grapples...
On GBPNZD, we have a bearish setup this morning after the Asian session, where the price has formed a supply zone in H1 and a subsequent highlighted orange value gap. In that area, we anticipate a potential price reversal with a downward movement towards the demand just below the 2.05957 level. We would appreciate it if you could share your opinion with us....
On Friday, I said that to go long after the initial sell off if price breaks above BZ. No entry for that as price just continued down to weekly PZ where it gave a nice 60pips recovery from the bottom and it settled near the mid point. Price action does look bearish with the breakdown. Now price is nested within the BZ. IMP price action looks bearish, and thus...
On the daily view you can see EURUSD has been trending up. On the last impulse up, price retested an area that was both at a 79% and at an H4 point of interest/H4 zone. If you refine it to the m15, there can be a potential to get in long as the m15 POI is also nested above a monthly zone. Quite a few confluences to enter long at a re-test.
I think the price can go up to the FVG range and make a pullback and then prepare for a drop
Currency Markets on UK Recession Watch - There has been high volatility in the Pound to Euro (GBP/EUR) exchange rate during the past week. GBP/EUR posted a fresh 9-month best conversion at 1.1735 early in the week before a slide to below 1.1600 after the Bank of England (BoE) policy decision. Weaker than-expected Euro-Zone data helped strengthen GBP/EUR to...
Foreign exchange strategists across global financial institutions have been setting out their predictions for the future performance of the EUR/USD, presenting an amalgamation of analyses that span from modestly optimistic to overly bearish. Euro-Dollar rate predictions are pinned upon factors ranging from central bank decisions, inflation metrics, and global...