EURUSD
EURUSD Will Go Lower! Sell!
Take a look at our analysis for EURUSD.
Time Frame: 15m
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 1.041.
The above observations make me that the market will inevitably achieve 1.038 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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EURUSD 7 Feb 2025 W6 - Intraday Analysis - NFP Day!This is my Intraday analysis on EURUSD for 7 Feb 2025 W6 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment
4H Chart Analysis
15m Chart Analysis
Market Sentiment
Investors remain cautiously optimistic, balancing solid underlying economic data with persistent concerns over geopolitical tensions and trade disruptions.
Federal Reserve Outlook:
Market participants expect the Fed to maintain its cautious stance. Future monetary policy decisions will likely be data-dependent, especially as the central bank closely monitors inflation trends influenced by tariff-induced cost pressures.
Global Impact:
International markets are bracing for mixed outcomes. Trade tensions and the ripple effects from tariffs on major partners are expected to create uneven performance across regions, with Europe and Asia particularly in focus as they adjust to shifting supply chain dynamics.
Below is an assessment of the potential impact of today's USA Non-Farm Payroll (NFP) report, given the prevailing market sentiment:
Strong NFP Data:
A robust jobs report is likely to bolster the U.S. dollar, as improved employment figures can reinforce expectations for a tighter monetary policy by the Federal Reserve.
This outcome could increase investor confidence in the domestic economy; however, given existing trade tensions and geopolitical uncertainties, the upside for risk assets might be tempered by renewed concerns about inflationary pressures.
Weak NFP Data:
A disappointing jobs report may weaken the U.S. dollar, as softer employment data could lead to expectations of a more accommodative Fed policy in the near term.
This scenario might trigger heightened market volatility, with investors shifting toward safe-haven assets like U.S. Treasuries and gold, reflecting an amplified risk-off sentiment.
4H Chart Analysis
1️⃣
🔹Swing Bullish
🔹INT Bearish
🔹Reached Swing Extreme Demand
🔹Swing Continuation
2️⃣
🔹With the deep pullback to the Bullish Swing extreme discount and mitigating the 4H/Daily demand zones, price turned Bullish forming a Bullish CHoCH.
🔹The current Bullish move from Swing extreme discount to current price level having 2 scenarios:
Scenario 1: Pullback for Bearish INT Structure and we would expect Bearish continuation to target the Weak INT Low which aligns with the Daily/Weekly Bearish Structure/Move. (Counter Swing – Pro Internal)
Scenario 2: Bullish Swing continuation to target the Weak Swing High. (Pro Swing – Counter Internal)
🔹With Today NFP, news volatility will determine for me for next week a clear direction.
3️⃣
🔹Expectations is set to Bearish to target the Weak INT Low.
15m Chart Analysis
1️⃣
🔹Swing Bearish
🔹INT Bearish
🔹Swing Continuation
2️⃣
🔹Price reached the Weak Swing High (4H CHoCH) sweeping the liquidity and turning INT structure to bearish with iBOS.
🔹Technically on the 15m I’d expect price to continue bearish following the Bearish Swing and INT structures which aligns with the 4H Bearish INT Structure continuation to target the Weak INT Low.
🔹My concern is that the 4H Swing is Bullish, we mitigated the extreme discount and currently in the continuation to target the 4H Weak Swing High.
🔹I prefer to follow the 15m current bearish Structure till we align the 15m Swing with the 4H Swing.
3️⃣
🔹Expectation is for price to continue Bearish targeting the 15m Weak Swing Low
Levels discussed on Livestream 6th Feb 20256th Feb 2025
DXY: Retracing from 107 support area, look for reaction between 107.90 and 108.30, above 108.30 could trade up to 109.
NZDUSD: Sell 0.5640 SL 20 TP 50
AUDUSD: Buy 0.6280 SL 30 TP 80 (hesitation at 0.6330)
GBPUSD: Straddle Rates Decision Pending
Sell 1.2430 SL 30 TP 100
Buy 1.2510 SL 30 TP 100
EURUSD: Sell 1.0320 SL 30 TP 90
USDJPY: Buy 153.65 SL 40 TP 90
EURJPY: Sell 157.75 SL 40 TP 120
GBPJPY: Sell 189.70 SL 50 TP 145
USDCHF: Sell 0.90 SL 25 TP 80 (hesitation at 0.8975)
USDCAD: Buy 1.44 SL 30 TP 60
XAUUSD: Retracing, could test 2840 (50%) and bounce higher to 2900
The Friday Forecast; Best Setups Frr Feb 7This market outlook will cover 15 markets:
ES \ S&P 500
NQ | NASDAQ 100
YM | Dow Jones 30
GC |Gold
SiI | Silver
PL | Platinum
HG | Copper
USD Index
EURUSD
GBPUSD
AUDUSD
NZDUSD
CAD, USDCAD
CHF, USDCHF
JPY, USDJPY
Non Farm Payroll news tomorrow! This is likely to inject a lot of volatility into the markets.
I recommend to wait until after the news is announced before executing on any trades. You never know where the market will go!
Enjoy!
May profits be upon you.
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GBP/JPY: Finally, the Rate Cut Has Arrived!GBP/JPY is facing significant bearish pressure, with the price dropping to around 188.40 in the recent sessions on February 6, 2025. The main catalyst behind this trend has been the Bank of England’s interest rate cut of 25 basis points, bringing it down to 4.5%. This decision has intensified the weakness of the British pound, prompting investors to liquidate long positions and fueling the strong decline in the pair. The market is now pricing in the possibility of further rate cuts in the coming months, which keeps sentiment firmly bearish.
From a technical perspective, the breakdown below the key level of 190.50 has confirmed the loss of bullish momentum. Even the recovery attempts seen in previous days, such as the rebound to 193.00 on February 4, have proven weak and incapable of reversing the primary trend. The current phase of weakness could lead the pair to test further lower support levels, with 187.50 and then 185.80 as possible bearish targets unless there is a positive reaction from the pound.
On the macroeconomic front, the divergence between the BoE and the Bank of Japan could theoretically provide some medium-term support for the pound, given that the BoJ continues to maintain an ultra-loose monetary policy. However, the market currently seems more focused on the deteriorating economic outlook for the UK and the increasing likelihood that the BoE will continue cutting rates, enhancing the yen’s appeal as a defensive asset. If risk-off sentiment intensifies, we could see an acceleration of the bearish trend in GBP/JPY, especially if the global market enters a more pronounced risk-averse phase.
Bullish bounce?EUR/USD is has bounced off the support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could rise from this level to our take profit.
Entry: 1.0354
Why we like it:
There is an overlap support level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 1.0290
Why we like it:
There is a pullback support level that lines up with the 61.8% Fibonacci retracement.
Take profit: 1.0455
Why we like it:
There is an overlap resistance level that is slightly below the 78.6% Fibonacci retracement.
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XAU/USD: A Possible Correction? (Read the caption.)Analyzing the gold chart on the 30-minute timescale reveals that, as expected, the price corrected to $2858 following yesterday's study. However, it rapidly recovered, gaining 240 pips to set a new all-time high of $2882.
Today, we finally had a pullback from $2882 to $2848, and gold is currently trading around $2868. If the market manages to stabilize below $2873.5 and is strongly rejected from this level, we may witness a fall down to depths under $2850.
With increasing market volatility and important macroeconomic events on the horizon, traders should exercise caution. Price activity near these levels will be key in deciding the next move, as gold responds to fundamental variables such as inflation data and geopolitical developments. Monitoring price activity near support and resistance levels will be critical for spotting potential trading opportunities.
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By Nexus Trades Zone
EURUSD ShortA short bias on EUR/USD suggests that you anticipate the euro weakening against the U.S. dollar. 5 pip SL target a nice 30 pips, possible play out
EURO - Price can leave pennant and rise to $1.0500 pointsHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Recently price entered to rising channel and soon reached resistance line, after which fell below.
Next, price rose to $1.0455 level, and then corrected to support line, after which bounced up and broke $1.0455 level.
Then Euro reached resistance line of channel and then started to decline, making a first gap and dropped to resistance area.
Price exited from channel, breaking $1.0455 level, and continued to fall inside pennant, where it fell to $1.0210 points.
Before this, price made a strong second gap, and then quickly rose to resistance line breaking $1.0455 level.
I think that Euro can bounce up from pennant to $1.0500, breaking resistance level and exiting from this pattern.
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EURUSD: Growth & Bullish Forecast
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current EURUSD chart which, if analyzed properly, clearly points in the upward direction.
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EURUSD - Possible ScenariosWe analysed EURUSD few days back and it was showing a bearish move which has been completed. Price has recovered well and now looking for a next break. Above are the 2 possible scenarios along with support and resistance levels.
For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management.
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Disclaimer: This content is intended for educational purposes only and does not constitute financial advice.
DXY - Looking to Big PictureWhen we look back, when Trump first came, Dxy showed a 5.5% increase, Dxy goes to 103.5. And Trump Dxy is too expensive, the dollar is too expensive, it should fall, the statements started. Then Dxy's 14% decrease went to 88.5. Now Dxy is around 102.
I bought it directly as a fractal from August 15, 2016. If Dxy comes to around 104 until the election, the rapid increase with Trump's arrival corresponds to 110s. It has been an expected area for a long time and when Trump Dxy is at 110s, similarly, if the decrease starts with him saying the dollar is too expensive, it goes to 94s, fractal.
Here, my hopes begin and I say that it is still expensive at those levels, we will go down to 86s. This means a 4-year never-ending mega bull.
I applied the same fractal to the euro, and the much-anticipated 1.02s are here again. If I can get a fund, I will look for swing shorts at 1.12s. The fractal and events looked pretty good to me. It also fit the channel nicely.
FX:EURUSD
EUR/USD : More Fall Ahead? Let's See! (READ THE CAPTION)By analyzing the EUR/USD chart on the three-day timeframe, we can see that the price was rejected from the 1.053 level, as per our main analysis, leading to a decline of over 300 pips down to 1.021.
Currently, EUR/USD is trading around 1.036, and if the price stabilizes below 1.042, we can expect further downside movement. Keep an eye on the price reaction to the key levels marked on the chart!
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Best Regards , Arman Shaban
EUR/USD : Get Ready for the next Bearish move (READ THE CAPTION)By analyzing the #EURUSD chart on the 3-day timeframe, we can see that after rising to the upper limit of the supply zone at 1.046 - 1.055, the price has finally corrected and is currently trading around 1.042. If the price stabilizes below this level, we can expect further declines in EURUSD.
However, keep in mind that in about 2.5 hours, we have the significant CB Consumer Confidence report, which could strongly impact the market!
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
EUR/USD Precision Trading: Dual-Entry Strategy for Max ProfitEUR/USD Smart Entry Strategy: Dual Entries for Maximum Profit Potential
In this setup, I executed a long position on EUR/USD at Entry 1 (1.03602 USD), capitalizing on a well-established support zone and preparing for a potential bullish reversal. To enhance risk management and maximize profit potential, I have also placed a second entry (Entry 2 at 1.03313 USD) in case of a deeper pullback, allowing me to average into the trade at a better price.
Key Elements of the Setup:
Support & Resistance Analysis:
Entry 1 (1.03602 USD): Placed at a weak support zone, where previous price action showed reactions.
Entry 2 (1.03313 USD): Positioned near a stronger support level, providing a better risk-reward entry if price dips further before reversing.
Stop Loss (1.03035 USD): Positioned below the major support zone, ensuring the trade has room to develop while limiting downside risk.
Take Profit Strategy:
Take Profit 1 (1.03885 USD): Located just below a resistance level, securing partial gains before potential rejection.
Take Profit 2 (1.04141 USD): Aiming for the next major resistance level, maximizing profit potential if bullish momentum continues.
Risk Management & Trade Psychology:
By using a dual-entry strategy, I minimize the impact of short-term volatility and improve my overall entry price if the market dips further.
My stop loss placement ensures that if the trade setup invalidates, I exit with minimal damage while maintaining a solid risk-to-reward ratio.
Conclusion:
This trade leverages key support zones, a layered entry strategy, and a well-defined risk-reward framework. If the market respects these support levels, I aim to ride the bullish momentum towards both Take Profit targets, securing a high-probability trade with controlled risk.
FX:EURUSD FOREXCOM:EURUSD OANDA:EURUSD
EURNZD Analysis , Support Bounce and Bullish PotentialEURNZD is currently trading at 1.83300, with a target price of 1.89000. This suggests a potential upward movement of 500+ pips. The price is bouncing off a strong support level, indicating a possible bullish reversal. The support and resistance pattern highlights key price zones where buying and selling pressure increase. A successful bounce from support strengthens the bullish outlook. Traders anticipate the price moving towards the next resistance level at 1.89000. Confirmation through candlestick patterns and volume analysis is essential. Risk management should include a stop-loss below the support level. Fundamental factors like interest rate decisions can impact price action. Monitoring market sentiment and economic news is crucial for trade execution.
EURUSD - Short Scalp (ICT Concepts)Short scalp on EURUSD using ICT Concepts amongst my own methodologies.
Apologies for no sound, error with the microphone.
Was either expecting a bounce at this iFVG 12h highlighted in maroon, or lower prices. Resistance at the upper threshold of the iFVG indicates resistance, following by CPDAs. Decided to change my buy stop order to market sell.
- R2F Trading
Fundamental Market Analysis for February 6, 2025 EURUSDThe euro is trying to consolidate after breaking a six-day losing streak, with EUR/USD still holding at 1.0400.
US employment change data from ADP showed stronger-than-expected results for January, with a net increase in the number of people employed coming in at 183k, beating the expected decline to 150k from December's revised 176k. While the ADP jobs data unreliably predicts the US Non-Farm Payrolls (NFP) data expected later in the week, the increase bolsters investor confidence that the US economy remains on solid ground.
Early Thursday will see the release of pan-European retail sales data for December. Median forecasts expect the figure to rise to 1.9% y/y, up from 1.2% in the previous period. However, the month-on-month figure is expected to fall to -0.1% from 0.1%.
The most important release this week will be the US Non-Farm Payrolls (NFP) report on Friday. Investors expect the January NFP to fall to 170k from December's 256k. Traders will also be watching for revisions to previous months' data. Those expecting a rate cut are becoming increasingly frustrated with the sustained strength of the US economy as labour statistics are often revised upwards.
Trade recommendation: Watch the level of 1.0370, when fixing below consider Sell positions, when rebounding consider Buy positions.
eurusd short sell at market tp 0140 +240 pips🔸Hello traders, let's review the h2 chart for EURUSD today.
Completed gap fill and triggered fresh liquidity with sl cluster
liquidations near 0400, right now reversal in progress expect dump.
🔸Gapped down at weekly open, gap fill completed now expecting
the dump to resume targeting fresh OB liquidity at 0140. market now
is 0370. 250 pips downside remains on sell side.
🔸Recommended strategy for EURUSD traders: short sell at market
TP1 +120 pips TP2 +240 pips final exit 0140. Expecting dump into
NFP this Friday. good luck traders!
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EUR/USD Rises as Dollar Weakens Amid Trade War ConcernsThe euro climbed above $1.04 as a weaker dollar and Trump’s tariffs fueled economic concerns. China retaliated with its own levies, escalating trade tensions. Meanwhile, Eurozone business activity rebounded after two months of decline. The ECB cut rates and hinted at more easing in March, with US tariffs potentially pressuring it to loosen policy further. Investors now expect the ECB’s deposit rate to fall to 1.87% by December.
From a technical perspective, the first resistance level is at 1.0400, with further resistance levels at 1.0460 and 1.0515 if the price breaks above. On the downside, the initial support is at 1.0350, followed by additional support levels at 1.0220 and 1.0180.
Levels discussed on Livestream 5th Feb 20255th Feb 2025
DXY: Trading lower, needs to break 107.50 to retest 107 round number support level.
NZDUSD: Wait and look for reaction at 0.57 resistance area
AUDUSD: Buy 0.6280 SL 25 TP 80 (hesitation at 0.6325)
GBPUSD: Buy 1.2530 SL 30 TP 80
EURUSD: Sell 1.0440 SL 30 TP 100
USDJPY: Looking for reaction at current support level. Buy 154.10 or Sell 152.30 (SL 40 TP 120)
EURJPY: Buy 160.10 SL 60 TP 120
GBPJPY: Nothing for now
USDCHF: Downside to 0.8980, no H1 setup
USDCAD: Sell 1.4280 SL 40 TP 150
XAUUSD: Hit my TP at 2865, could retrace to 2841 before trading higher again to maybe 2900
