like my idea, follow my account, leave a comment Let us all hold on for EUR/USD correction to complete WAVE 4, after completion then we should follow the bear market down a bit to complete the bigger wave of the current sequence. Goodluck
EURUSD crossed today over the 4H MA100 for the first time since May 10th and with the 4H time frame heavily bullish technically (RSI = 61.681, MACD = 0.000, ADX = 28.340), we expect a test of the Ascending Triangle's Top, the R1 (TP = 1.07800). Beyond that, we will only buy above R2 and traget R3 (TP = 1.08315) and on HL (the bottom of the Ascending Triangle). If...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
2023-2024 Exchange Rate Forecasts From MUFG Pound Sterling: BoE Forecasting Errors Increase GBP Risk Profile MUFG has significant reservations surrounding the Pound outlook. As far as inflation is concerned, it sees significant risks over the medium-term implications. It notes; “The sense that the UK has a bigger inflation problem is creating downside risks...
2023-2024 Exchange Rate Forecasts From MUFG Growth Concerns hamper Commodity Currencies MUFG notes important uncertainty over the outlook for Reserve Bank of Australia (RBA) policy. On balance it expects that the RBA will not hike rates again. As far as the currency is concerned, it adds; “We continue to see AUD/USD moving higher but assume underperformance...
2023-2024 Exchange Rate Forecasts From MUFG Japanese Yen: Long-Term Pressure for Yen Gains As far as the yen is concerned, the Bank of Japan has continued to resist policy tightening, but MUFG suspects that the position could change very quickly. It notes; “We suspect the BoJ could pivot quickly and alter YCC without much warning.” The bank also expects...
2023-2024 Exchange Rate Forecasts From MUFG US Dollar: US Economy Set to Deteriorate According to the bank; “While the impact is modest, the fiscal restraint will still be impacting at a time when substantial monetary tightening will also be feeding through to the real economy. It will strengthen expectations of weak recessionary economic conditions emerging...
Euro: End of Negative Rates Will Support the EUR Exchange Rates As far as the ECB is concerned, MUFG expects that the ECB will increases interest rates at least two further times to combat inflation. The bank considers that the underlying ECB shift away from negative interest rates and the selling of bonds will have an important impact on the...
Hello,Friends! EUR/USD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 6H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is...
EURUSD is likely to rise quite high. you can go long when there is a correction with a SL limit below the invalid area.
The EUR/USD currency pair continues to be confined within a prevailing Bearish channel, indicating a downward trend. Although there has been an increase in trading volume over the past two days, the main trend remains downward. Within the channel, a Shark pattern has been identified, suggesting a potential reversal in the near future. Additionally, the current...
EURUSD was trading in long term bearish channel, after breaking and successful retest of channel, pair formed the strong support around 1.0680 region. A successful close above 1.0730 will be the good buying option.
Dear colleagues, there are significant option contracts present at level 1.07. It is likely that the price will touch this level, after which I expect short positions towards the resistance area at 1.066. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
2023.6.8 Daily European Perspective USOil is shaping triangular Hello, I'm Older Duan. Today is Thursday, June 8 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, today is the eighth day...
Price has recently broken out of the descending trendline. Price is hovering above a key support zone at 1.0680, which nears the 78.6% Fibonacci retracement, on 1H timeframe. A throwback to this zone could present an opportunity to ride the bounce to the resistance zone at 1.0780, which coincides with the 78.6% Fibonacci extension. Price is above ichimoku cloud,...
Hello everyone, In this update i talk about some macro events that you should take into consideration. I think China is a wild card that everyone is ignoring and more focused on the fed. China is the 2nd largest economy and if they suffer everyone else that exports/imports will have to suffer as well. Its a full circle unfortunately. The surprises this week...
This is trade idea for EURUSD Day Trade -Buy around FVG according to the confirmation that will occur. -Possible bullish price movement towards the resistance. -Risk Reward 1:3
Hello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that EurUsd is currently approaching a quite obvious previous weekly support area at the $1.065 level which is acting as support again. You can also see that weekly moving averages and market structure is still bullish, EurUsd is also...