NZDCAD is giving us yet another opportunity to catch the big swing trade higher, which is likely to be over 1000pips. We have still not yet started the impulse so make sure to keep an eye on this! Trade Idea: - Watch for reversal patterns such as trendline break/BOS etc. - Enter on trendline break with stops below the lows - Targets: 0.855 (500pips), 0.88...
2023-2024 exchange rate forecasts from Nordea As far as Federal Reserve policy is concerned, Nordea has revised its forecasts and now expects that there will be two further rate hikes with a 25 basis-point hike in July and another hike in the Autumn. It also expects that the Fed will be slower to cut rates and adds; “The sticky core inflation picture and the...
Hi folks, 🔺We are witnessing or about to witness the peak of interest rates by the Fed, but it seems too early to say the same for the EU. 🔺Although EURUSD briefly dipped below the regression trend, it managed to bounce back above it. 🔺A bottom formation has formed on the 4-hour RSI, and as the closing prices go above 50 points, it is expected to gain momentum...
Hello there, the EU has broken the recent previous higher low, the previous support, creating a CHOCH. The interesting part of this price movement is that the previous support level has been retested printing a bearish pin bar on the chart, followed by an inside bar. What next? At the opening of the market tomorrow, we should expect a small gap-up before the...
Current daily market structure is bullish on euro! I think we are gonna see a bit of a retrace into the OTE Fibonacci of the latest daily leg! Then the Tuesday NY session should bring about some volatility towards the upside into the market! Targets are the dol lines on the chart! Let me know what you think in the comments!
Price has broken structure on the daily. I would expect some form of retracement this week for a push further below the highlighted level of liquidity below. an entry around the 60% Fibonacci retracement level to watch out for. I would however like extra confirmation at the fair value gap on the 4H before I actually take an entry.
EURUSD The pair reached the previously set top, but the dollar gained strength from Fed Chairman Powell's speech, creating a reversal pattern for us on the aforementioned resistance. To see the previous idea, link below I've bounced to new levels It drops again to the level of 1,07821
Currently, gold finds itself in a stagnant situation after three eventful weeks, during which all central banks held meetings. Gold may start the week cautiously, beginning at 1921 and potentially reaching the supply zone just above at 1930. Subsequently, it could decline towards the 1900 zone, where we have a value gap to fill and a high possibility of a reversal...
*We have a change in market trend (H4) *Retracement to breakerblock *Retracment to orderblock *Below purelevel
Look at the higher timeframe(right), on the Weekly chart, and have your focus on the retest of the previous high. Not only it fails to close above the previous high, but it also has an RSI Divergence. On the bigger picture, EURUSD is on a Bearish Move. I'm not saying you can't make money if you have bought EURUSD, but you shouldn't stretch your target when you...
Hi Traders! Forex Weekly Recap for 19–23 June, 2023: Fundamentals This week was a very eventful one, filled with major announcements from central banks and key data releases. Less-hawkish-than-expected meeting minutes from the Bank Of Japan (BOJ) and Reserve Bank of Australia (RBA) weakened both the Australian dollar and Japanese yen throughout the week. The...
Since we have the intraday shift and also the 4 hour character has changed, I expect the price to at least reach the bottom of my daily structure.
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 After price bounced from resistance area, it fell to next level, which coincided with one more area and soon bounce back. Next, Euro rose to resistance line and entered to wedge, where it declined below two levels, thereby breaking them. Also, price exited from...
Here is my detailed structure analysis for EURUSD. Resistance 1: 1.0986 - 1.1011 area Resistance 2: 1.1060 - 1.1096 area Support 1: 1.0810 - 1.0850 area Support 2: 1.0635 - 1.0690 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
I think the euro can go down to the price range of 1 and pull back and then go up for a breakout
After a dramatic weekend in geopolitical news flow, we revert to areas more closely aligned with our expertise; the ebbs and flow of economic growth dynamic, inflation, central bank liquidity and month-/quarter-end flows. To set a platform for the week ahead – The USD rallied on 4 of the past 5 days (gaining 0.6%), while it was a rolling sea of red in our core...
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PEPPERSTONE:EURUSD Hi Ther e, The selling show exhaustion and nice rising wedge. You can buy on a retest or right away market shows bullish. FOLLOW AND SUPPORT FOR MORE IDEAS . God Bless You