The European political landscape has just thrown a curveball at the financial markets. A recent poll indicating a rise in populist and eurosceptic parties has sent shockwaves through the system, triggering a significant drop in the euro. This newfound uncertainty presents both risks and opportunities for traders, demanding a strategic shift in approach. The poll...
EURUSD: The EUR nowadays did now no longer decline however as a substitute is shifting up close to the 1.0740 resistance region. This is because of the weakening of the USD. Currently, due to the fact DXY is damaged and is possibly to maintain to weaken, nowadays`s model ace can pay interest to NONFARM. It is anticipated that EURUSD will possibly retest across the...
EURUSD is currently forming a Butterfly Harmonic Pattern (XABCD) on the 4-hour timeframe. This pattern is characterized by specific Fibonacci ratios between the price swings. The pattern consists of four legs: XA, AB, BC, and CD. The completion point, known as Point D, is expected to coincide with a key Resistance level. Trendline Analysis: Additionally, there...
Asian Session: - Bullish session. - Small consolidation range. - RELs at Asia’s low. - Price consolidated between Asia’s high and EQ of the Asian range. London Session: - I would like to see Price perform a London Judas swing. - The price is just below EQ of the DR. - London opened at MOP with Asia’s consolidation. - Price is currently at a discount of the PDR...
SEE THE CHART FOR STRUCTURE INFORMATION. we are seeing bullish move in eurusd. HH-Hl formation
In the 4-hour timeframe, as you can see, after correcting from the 1.11 range, the price is in a range of 1.095. Based on the behavior of the candles, the possibility of correcting the price to the range of 1.084 / 1.080 can be considered. A scenario that we can consider in the 4-hour timeframe is that the price will be accompanied by a correction to the price...
My exceptions is when the price reach the area 1.0831 the price will change the direction cheers
I am waiting for the sell pressure to take hold after the weekly shift in market structure to the downside to line up with the major trend. Liquidity has been created on both sides but I'm confident that supply has got the upper hand. I will be looking for buys up to the H4 supply zones before moving into sell mode, being careful of the fact there is more than one...
Dear Esteemed Investors, I'm sharing the results of my news trading method with you. By now, all of you know I'm using AI natural language processing to weight world news and cross-check against popular sentiment indicators like DSI and DSIE. Standard DSI/DSIE signals an optimistic outlook for the EURUSD market. It means that the possibly influential investors...
EUR/USD faced challenging retracements on Thursday as thin holiday trading stirred volatility around the final trading day of 2023. The Euro (EUR) swiftly climbed to a 21-week high of 1.1140 early on Thursday as broader markets continued to shed the US Dollar (USD) on expectations of a rate cut from the Federal Reserve. However, market over-expectations regarding...
Dear Esteemed TradingView Members, I n the world of financial trading, precision and insight are invaluable assets. In today's dynamic market environment, it's imperative to embrace the right tools that provide clarity amid the ever-shifting tides of economic forces. I n this piece, I delve into the intricate currency trading, focusing on the EUR-USD market....
Euro bulls, opportunity for a euro long has arisen! Recently euro is being battered by its counterpart dollar for several reasons: - Regional interest rate differentials, hawkish fed and dovish ecb - Macroeconomical disparity between the to regions - Worsening growth outlook for euro bulls - Technical downtrend for many, many weeks This counter-trend trade is a...
The updated data showed that in August, annual inflation increased by 5.2%, down from the previous measurement of 5.3%. Core CPI, excluding food and energy, increased by 0.3% monthly and 5.3% annually. This downward trend was taken positively by market participants, particularly following the European Central Bank's (ECB) decision to raise the key interest rate...
Frankfurt, Reuters - In the ongoing fight against inflation, European Central Bank (ECB) policymakers are gearing up for a significant shift in strategy. They are set to deliberate on ways to address the vast pool of excess liquidity inundating banks, with the possibility of raising reserve requirements emerging as the initial tactic. This pivotal discussion is...
#EURUSD expected to rise in the coming days the price is clearly reached the support which was around 1.06330, afterwards we can see that the market found a momentum and pushed up and considering the weak ascending broadening wedge pattern in 30M TF it looks week to push it back down. The price is expected to rise towards the trending line...
Well, since there was a BoS on the 4hrs we just need to wait for the market to come to our demand region and look for buys.
I think the range of 1.083 is an important resistance and the bull can be rejected from here. If this resistance is broken, the price can go bullish to the next and higher range