Note : This article is just a guide for those Trader who had no knowledge of Trading. Hello Traders, Here I want to share my Knowledge with you guys and hopefully it will help you A lot. Forex Trading is not a difficult game but it demands patience that usually we lose because our emotions hurt our thinking. Note: As I am not a premium member so that's why I...
Fundamental Analysis : The market reacts more to fundamental than technical because fundamentals provides the new growth or new decline. Today, it is expected that the FOMC will hold rate today but another rate hike is expected in July that will favor the Dollar, As rate-cutting cycle shifts towards the end of the year. As far as Euro is concerned, I am...
EURUSD is trading inside a Channel Up pattern since the May 14th bottom. Yesterday it formed the first 4hour MA50-100 Bull Cross since March 14th. That was during the previous long term bottom formation. The price is close to testing the 4hour MA200 for the first time in over 1 month. If the candle closes over it, buy the breakout and target 1.0900 near...
The attention of market participants is focused on the US inflation indicators and FOMC meeting, although Fed is unlikely to raise the rate (no more than a 30% chance). US statistics on Thursday may increase the reaction of the markets to the Fed's decision and lead to a significant downward correction in the stock market.
On Tuesday, the EUR/USD pair reached a peak above 1.0820 following the release of US inflation data, but it later retraced to around the 1.0780 level. The pullback occurred amidst the backdrop of elevated government bond yields and an appetite for risk. Despite the decline during the American session, the pair ended the day with a positive tone, although...
Looking for higher prices on GBPUSD on a retracement to 5m fair value gap.
This is a trade i held through sever midnight. was clutching straws on this on. trying to attack some liquidity that was previously left in asia session. Only thing i dont like is that DXY has hit a strong monthly area and may gain strength. i am already break even on this. it was 15 min poi, followed by 5 min mitigation trail. I talked about this trade set up in...
EURUSD has hit the buy entry at 1.07790 which is a key overlap support. Could momentum carry price up to the take profit at 1.08471 which is an overlap resistance that sits under the 50.0% Fibonacci retracement level? Stop loss is at 1.07328 which is an overlap support that sits above the 61.8% Fibonacci retracement level. Please be advised that the information...
2023.6.14 Daily European Perspective GOLD is about to test 1930 ? Hello, I'm Older Duan. Today is Wednesday, June 14 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 daily closing...
Hi Traders! PLEASE SEE LINK TO ORIGINAL IDEA BELOW. Our vector level of 1.08047 is still holding; we reached this level yesterday but failed to break and close above the level. Traders are still attempting to break and close above this level today, so we will see if it happens this time. The volume in the markets this morning is very thin, so please take...
Past Performance The Euro is higher when writing, looking at the performance in the chart. With dropping inflation in the US, bulls got the impetus to double down, driving the Euro above $1.0770. The recovery is a welcomed development for the Euro following weeks of lower lows. Since the June 13 bar had high volumes, bulls may build on from there, ramping up on...
We see consolidation on USDCHF H4 chart. 0.9138 is current resistance, Bulls have new support at 0.9000 level. First target 0.9107 , second target 0.9138...
We saw our increase on Eurusd Halted after the Fed raised rates 3 weeks ago. Now we gain more information on the reasons for their decision. The market has had time to digest the rates and resulted in a substantial decrease for the month of May. We must now observe how the market reacts to their reasons for an increase in rates and the cost of money. Will the...
EUR/USD pair retreated below 1.0800 during the American session, facing resistance at the 1.0820 level and the 100-day SMA at 1.0805. The short-term bullish bias remains, but technical indicators offer mixed signals. The pair's retreat from recent highs suggests potential downside, with support levels at 1.0760 and 1.0740. However, the overall bias remains...
With the close of the Daily candle in the next 1.5 Hours, Longs would prefer a candle closure above 1.0782. This would confirm another Higher High in market structure. In an uptrend price creates Higher Highs and Higher Lows. If this occurs then we can anticipate a bottom wick ( Higher Low) and then a consequential new bullish candle push to the upside back...
We are possibly in the last impulsive leg, before the next deeper correction pattern. Wave (4) didn't really touch the 38,2 Fibonacci retracement level.
Entry At Higher Low Trade Plan Entry 1.07880 Stop Loss 1.07403 TP 1.08357
This is what im looking at for us30 and EU. i took two trades today and took both them out at 1% because of dodgy price action. this is looking much more nicer