EURUSD
Levels discussed on 20th Jan 2025 Livestream20th January 2025
DXY: Currently below 109.40, break above, could trade up to 110 (previous swing high), beyond that, strong resistance at 111
NZDUSD: Sell 0.5575 SL 25 TP 60
AUDUSD: Sell 0.6170 SL 15 TP 40
GBPUSD: Sell 1.2150 SL 15 TP 40
EURUSD: Sell 1.0310 SL 30 TP 110
USDJPY: Buy 156.70 SL 40 TP 120
EURJPY: Sell 161.10 SL 40 TP 120
GBPJPY: Looking for reaction at 191.15
USDCHF: Choppy between 0.91 and 0.9150
USDCAD: Buy 1.4480 SL 30 TP 60
XAUUSD: Needs to stay above 2694 (trendline) to trade up to 2722 resistance
EURUSD 21 Jan 2025 - Intraday Analysis - German ZEWThis is my Intraday analysis on EURUSD for 21 Jan 2025 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment 4H Chart Analysis15m Chart Analysis
Market Sentiment
Dovish ECB Policy Expectations: Traders are anticipating a 25 basis point rate cut at each of the next four ECB policy meetings.
Economic Concerns: Subdued inflationary pressures and concerns over the Eurozone's economic outlook.
US Dollar Strength: Dollar appreciates following news that President Trump intends to review tariff policies.
4H Chart Analysis
1️⃣
🔹Swing Bearish
🔹INT Bearish
🔹Swing Pullback Phase (Pro Swing + Counter INT)
🔹At Swing Premium (reached extreme)
2️⃣
🔹After the Bearish BOS, price pulled back to the Swing EQ (50%) tapping into a Daily and a 4H Supply that caused a Bearish CHoCH and forming a Supply that failed yesterday with price creating a bullish INT Structure.
3️⃣
🔹As price reached the Bearish Swing Extreme, if we are going to continue bearish, this is the area that I prefer to be short from. Also note that after the Bullish iBOS, there will be a pullback required.
🔹Expectations is set to Bearish with more development on LTF to confirm.
15m Chart Analysis
1️⃣
🔹Swing Bearish
🔹INT Bullish
🔹Swing Pullback Phase (Pro Swing + Counter INT)
🔹At Swing Premium (reached extreme)
2️⃣
🔹Price finally broken the range from Jan 16 and reached the bearish Swing Extreme forming Bullish INT Structure.
🔹There is probability that Swing High may be broken based on the Daily/Weekly requirements for pullback and the current market sentiment (Risk Off) as of US Tariffs announcement from Trump yesterday.
3️⃣
🔹My technical expectations is set to Bearish and looking for Shorts but I need to see a bearish iBOS before any executions.
Fundamental Market Analysis for January 21, 2025 EURUSDThe Euro-Dollar pair remains in negative territory after cutting its recent losses, trading around 1.03800 during Asian hours on Tuesday. The Euro (EUR) remains under pressure amid prevailing expectations for the European Central Bank (ECB). Markets expect a 25 basis points (bps) rate cut at each of the ECB's next four meetings, driven by concerns over the eurozone's economic outlook and the belief that inflationary pressures will remain subdued.
The U.S. Dollar Index (DXY), which tracks the performance of the U.S. dollar against six major currencies, rose to 108.30 at the time of writing. The US Dollar recovered from recent losses in the previous session, helped by news that President Donald Trump intends to direct federal agencies to review tariff policy and assess the United States' trade relations with Canada, Mexico and China.
However, the dollar faced headwinds after Bloomberg reported that President Donald Trump will not immediately announce new tariffs after his inauguration on Monday. The U.S. Federal Reserve (Fed) is expected to keep the benchmark overnight rate in a range of 4.25 percent to 4.50 percent at its January meeting. However, investors believe that Trump's policies could lead to rising inflationary pressures, which could limit the Fed to another rate cut.
Trading recommendation: Watch the level of 1.04000, if consolidated above consider Buy positions, if rebounded consider Sell positions.
EURUSD H4 | Bullish Bounce OffBased on the H4 chart, price is falling toward the buy entry at 1.03444, which aligns with the 50.0% Fibonacci retracement. This level is expected to act as a strong entry point in the bullish setup.
Our take profit is set at 1.04365, which aligns with the 100% Fibo projection, targeting a key resistance level and marking a logical exit point for the trade.
The stop loss is set at 1.02638, below the recent swing low, allowing room for price fluctuations while protecting against invalidation of the bullish bias.
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EURUSD SHORT IDEAHello, this is my first published idea as a beginner trader, please feel free of leaving your opinions and/or ideas here, I would heavily appreciate any feedback.
As seen on my chart, I expect a bearish reversal when price hits somewhere around 1.04361, the reason for this would be that during this month of January this has been the highest point twice, refusing to go higher. I've set my first TP on 1.03702 as I would like to secure partial profit, in case that my analysis is correct, and with the second TP where the bullish momentum of today january 20th started (1.03185).
Please let me know your thoughts/feedback on this, as I would like to hear what more experienced people see in the market. Thank you!
Bearish reversal?The Fiber (EUR/USD) is rising towards the pivot and could reverse to the 1st support.
Pivot: 1.0454
1st Support: 1.0348
1st Resistance: 1.0536
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
USD/JPY Under Pressure: Yen Strengthens Amid Bearish MomentumThe USD/JPY pair exhibits a clear bearish inclination, driven by a combination of economic and market factors that are strengthening the Japanese Yen and weakening the US Dollar. Currently, the pair has dropped to approximately 155.60, recording a 0.44% loss for the day, with sellers evidently attempting to push the price further toward critical support levels between 154.90 and 153.15. The downward pressure is amplified by rising expectations of a rate hike by the Bank of Japan, further supported by recent positive data such as improvements in Japan’s core machinery orders, signaling a recovery in capital expenditure. Simultaneously, uncertainty surrounding the economic policies of the Trump administration contributes to a negative climate for the US Dollar, which is already under pressure from a recent slowdown in buying flows.
From a technical perspective, the pair has encountered significant resistance in the 156.55-156.60 region, a level that halted previous recovery attempts and now acts as a key barrier. For a meaningful trend reversal, a sustained breakout above this resistance, followed by consolidation above 157.00, would be necessary to pave the way toward recent highs at 158.00 or even 158.85. However, the likelihood of a downward breakout seems more tangible, considering that the support at 155.25 represents the last defense before a drop toward the psychological level of 155.00 and further toward 154.60 and 153.30.
The current market environment, characterized by reduced trading volumes due to Martin Luther King Jr. Day in the US, suggests caution for traders, as dynamics could quickly shift with the return of liquidity and the announcement of potential monetary or political decisions in both Japan and the US. The combination of positive economic data for Japan and expectations of higher rates positions the Yen in a place of strength, while the Dollar may continue to struggle without a clear positive catalyst. Holding below 155.00 would be a significant signal for bears, indicating an extended downward trajectory toward deeper support levels.
Bearish drop?EUR/USD has reacted off the resistance level that is a pullback resistance that is slightly below the 100% Fibonacci projection and could drop from this level to our take profit.
Entry: 1.0426
Why we like it:
There is a pullback resistance level that is slightly below the 100% Fibonacci projection.
Stop loss: 1.0467
Why we like it:
There is a pullback resistance level that is slightly above the 61.8% Fibonacci retracement.
Take profit: 1.0343
Why we like it:
There is a pullback support level that aligns with the 50% Fibonacci retracement.
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EURUSD Top of the Channel Down. How to trade this.The EURUSD pair gave us a solid short-term buy last time (January 13, see chart below) that easily hit the 1.02850 Target:
The price remains near the top of the 5-week Channel Down and technically this is a sell signal. Our Target is 1.01250, which is the -2.30% minimum decline that has taken place within this pattern as a Bearish Leg.
If the price rises more however and breaks above the 4H MA200 (orange trend-line), it will be the first time to do so since October 01 2024, and a technical buy signal. In that case, take the loss on the sell and go long instead, targeting 1.06250, which is both marginally below the starting level (Resistance 1) of the Channel Down, as well as significantly below the 2.0 Fibonacci extension.
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XAU/USD : Key Levels $2717 and $2727 to Define Next Move! (READ)Analyzing the 4-hour gold chart, we observe that after rising to approximately $2725, gold underwent a correction down to $2703. Currently, gold is trading around $2708, and the key level to watch over the next two hours is $2717.
If gold fails to breach and stabilize above $2717, we may expect further corrections. Alternatively, gold might move above $2727 to collect liquidity, followed by a potential reaction to this liquidity pool, leading to a correction.
Stay tuned for updates once the confirmations are in place!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
EURUSD: short term stop before the parityEURUSD: short term stop before the parity
The US inflation data was in the market focus during the previous week. It was a missing puzzle for the current period, for the investors' sentiment in terms of the next Feds move. Inflation rate in December was standing at 0,4% for the month, in line with market expectations, same as inflation on a yearly level at 2,9%. The core inflation in December was 0,2% for the month and 3,2% on a yearly basis. As for other macro indicators posted during the previous week, the Producers Price Index in December was standing at 0,2% for the month and 3,3% for the year. Both figures were below market expectations. Retail sales in December were higher by 0,4% compared to the previous month, a bit lower from market estimate of 0,5%. The number of building permits in the US was lower by 0,7% on a monthly basis in December, while housing starts were higher by 15,8% for the month. Industrial production increased in December by 0,9% for the month and 0,5% on a yearly basis.
The full year GDP growth in Germany is -0,2% in line with market expectations. Industrial Production in the Euro Zone was standing at 0,2% in November, bringing total IP at -1,9% on a yearly basis. Inflation rate final for December in Germany is 0,5% for the month and 2,6% for the year. Figures were in line with market expectations. Inflation rate final in the Euro Zone in December was 0,4% for the month.
Supported by lower than expected inflation figures, the US Dollar continued to strengthen during the previous week. The lowest weekly level of the currency pair was 1,018 on one occasion. However, the majority of deals were conducted around the level of 1,028 level, while the highest weekly level reached was at 1,034. The RSI continues to move modestly above the oversold market side, since November last year. The moving average of 50 days continues to strongly diverge from its MA200 counterpart, without an indication of potential slowdown.
In a week ahead, there is no scheduled release of currently significant macro data which could potentially move the market toward one side. However, it should be considered that the market will closely monitor the inauguration of the new US Administration, where some volatility might emerge. In this sense, Monday, January 20th should be closely watched. As per potential eurusd moves, charts are showing potential for a short term support line at 1,20 to be tested in the coming period. This level does not represent a significant one, when looking at the longer chart frame, but only a short term stop before the eurusd parity.
Important news to watch during the week ahead are:
EUR: Producers Price Index for December in Germany, ZEW Economic Sentiment Index for January in Germany, HCOB Manufacturing PMI Flash for January in Germany, and the Euro Zone;
USD: Existing Home Sales for December, Michigan Consumer Sentiment final for January,
EURUSD 20-24 Jan 2025 W4 - Weekly AnalysisThis is my Weekly analysis on EURUSD for 20-24 Jan 2025 W4 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment Weekly Chart AnalysisDaily Chart Analysis4H Chart AnalysisEconomic Events for the Week
Market Sentiment
Interest Rate Differentials: The widening gap between US and Eurozone interest rates favors the USD. Higher US yields attract capital flows, supporting the USD against the euro.
Inflation Trends: While inflation in the Eurozone remains subdued, the US continues to grapple with sticky inflation, keeping the Fed cautious about easing policy. This divergence further supports the USD.
Energy Prices: Elevated energy prices, driven by geopolitical tensions or supply disruptions, could weigh on the Eurozone’s trade balance and economic growth, adding pressure to the euro.
Weekly Chart Analysis
1️⃣
🔹Swing Bearish
🔹Internal Bearish
🔹In Swing Discount
🔹Swing Continuation Phase (Pro Swing + Pro Internal)
2️⃣
🔹INT structure continuing bearish with iBOS following the Bearish Swing. (End of 2023 till end of 2024 was a pullback phase after the first bearish iBOS)
3️⃣
🔹After the bearish iBOS we expect a pullback, price tapped into liquidity below Nov 2022 which is above the weekly demand formed with the initiation of the bearish iBOS pullback phase.
🔹Expectations is for price to start a pullback phase from the Weekly demand zone / or from the liquidity sweep from the Nov 2022 low (Require Daily/4H confirmation).
Daily Chart Analysis
1️⃣
🔹Swing Bearish
🔹INT Bearish
🔹Swing Continuation Phase (Pro Swing + Pro Internal)
2️⃣
🔹Following the Bearish Swing BOS, INT Structure continuing bearish approaching the weekly demand zone.
3️⃣
🔹After the receint iBOS, price pulled back to EQ (50%) of the INT Structure but currently failed to create a new iBOS with a Bullish CHoCH forming a new Demand.
🔹Expectations is not clear as we could start a deep pullback to intiate the Weekly Pullback Phase required or the current failure to creare a new Bearish iBOS is just a pause in market for more bearish move to at least the Weekly Demand. More development required from LTFs.
4H Chart Analysis
1️⃣
🔹Swing Bearish
🔹Swing Continuation Phase (Pro Swing + Pro Fractal)
2️⃣
🔹After the Bearish BOS, price pulled back to the Swing EQ (50%) tapping into a Daily and a 4H Supply that caused a Bearish CHoCH and forming a Supply that price is contained within it.
3️⃣
🔹Price is currently ranging between Supply and Demand which clearly makes price indecisively have a clear direction. More developments required on LTFs to have a clear expectation.
Economic Events for the Week
Bearish drop?The Fiber (EUR/USD) is rising towards the pivot and could drop to the 1st support.
Pivot: 1.0332
1st Support: 1.0175
1st Resistance: 1.0464
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EUR/USD: Will It Recover or Continue Downtrend?Looking at the daily chart of EUR/USD, I see that the pair is moving within a clear bearish channel. Currently, the price is hovering around 1.0297, near the center line of the channel. The EMA 34 and EMA 89 are still sloping down, confirming the long-term downtrend. However, a small divergence at the support level suggests a potential short-term recovery.
It is worth noting that the price is testing a dynamic resistance zone, near the EMA 34, around 1.0300. If the price fails to break above this level, selling pressure could increase, dragging the price down to the 1.0200 area, or even the bottom of the channel around 1.0100. Conversely, if the price breaks above the EMA 34 and breaks the channel, the next target could be the 1.0400 area.
EURUSD My Opinion! BUY!
My dear friends,
Please, find my technical outlook for EURUSD below:
The instrument tests an important psychological level 1.0239
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.0318
Recommended Stop Loss - 1.0201
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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