EUR USD TRADE SET UP EUR USD has formed the Head and Shoulders Pattern on the 4hr timeframe
We are looking to go short from the second shoulder which acts as a strong resistance level.
What do you see on EUR USD ?
Eurusdoutlook
GBP JPY TRADE SETUP GBP JPY has formed a falling wedge pattern on the 4hr timeframe
The market has broken out of the pattern we are now waiting for the retest of the broken LH level for BUY entries.
EURUSD - Long to order block ⁉️Hello traders!
‼️ This is my perspective on EURUSD.
Technical analysis: After price took liquidity below equal lows we can a reaction from institutional big figure 1.09000. Now I expect bullish price action to order block.
Fundamental news: Upcoming week on Thursday we will see results of monthly and yearly CPI in USA.
Like, comment and subscribe to be in touch with my content!
EUR's Unlocked Bullish Potential Plus Bearish Scenario[EURUSD]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 believe in the EUR. I've extended these analytics with machine-learning deep neural nets that implement the mentioned natural language processing. Here are some of the crucial results.
The US dollar index has been trending lower in recent weeks, which has provided support for the EURUSD. This weakness results from the expectations of further interest rate cuts from the Federal Reserve. The central bank tackles slowing economic growth.
Positive economic indicators from the eurozone, such as powerful industrial production and retail sales, have boosted investor confidence in the region's economic outlook. It has contributed to increased demand for the euro and a firmer EURUSD.
Geopolitical tensions reduced, particularly regarding the Ukraine crisis, has created a more conducive environment for risk-on assets like the EURUSD. It has led to increased investor appetite for euro-denominated assets.
However, rising inflation in the eurozone has raised concerns about the European Central Bank's ability to maintain its loose monetary policy. It has put downward pressure on the euro and weighed on EURUSD.
Persistently high energy prices are putting a strain on eurozone economies, potentially leading to slower economic growth. It could dampen demand for the euro and weaken the EURUSD.
If the Federal Reserve raises interest rates faster than you expected, it could widen the interest rate differential between the US and Europe, making the dollar more attractive and weakening the euro.
Ongoing geopolitical tensions and possible global recession could negatively impact investor sentiment and dampen demand for the euro and the dollar. It could create volatility and uncertainty in the EURUSD market.
The EURUSD outlook remains mixed, with bullish and bearish factors at play. While the weaker US dollar and positive European economic data have supported the euro, rising inflation, energy price concerns, and the possibility of faster US interest rate hikes pose potential headwinds. Ultimately, the direction of the EURUSD will depend on the relative strength of these factors and the evolving global economic landscape.
In objective numerical, MACD and RSI positively move on the bullish side under the chart. The indicators align with an ongoing bullish signal on them. The previous forecast started on 12 Dec 23 when I took a profit from my 30 Nov 23 short and wrote a bullish outlook. You can find these forecasts on the chart with the related ideas. I traded according to the same logic. So, I had and still have a long since sharing the latest forecast. I believe that the price can continue the bullish rally until $1.111. It's on the resistance line from historical tops under the short ideas on the left side of the chart. I marked the target zone with a green rectangle. If the price retraces, the $1.098 and $1.089 levels could act as support. While the bearish scenario is possible, probabilities point towards a bullish continuation.
Disclaimer:
The success of my historic forecasts doesn't guarantee your future results. It's not an investment advice. Do your research. I wrote the analytics for entertainment purposes.
Kind regards,
Ely
EURUSD TOWARDS BUYEUR/USD gained traction during the European trading hours on Thursday but struggled to extend its rebound in the second half of the day as rising US Treasury bond yields supported the US Dollar (USD). The pair stays on the back foot and trades in negative territory below 1.0950 as the market focus shifts to December jobs report from the US.
💡 EURUSD: Waiting NFPThe price recovered in the last session from the lower border of the rising price channel, however this move has not created any significant price increase signals, so this is still not a good time for buyers to return. You continue to observe to see if any new signals are created in this 1.09 confluence area.
EURUSD SELLHello, According to my analysis of the EURUSD pair, the pair seems to be in a very negative state. With the break of the ascending channel with a large red candle indicating the strength of sellers. The strong support at 1.10000 level was broken. All of these factors confirm that we will witness further declines in the coming days. Good luck everyone.
💡 EURUSD: Forecast New Year The price continued to correct downward after being blocked at the 1.1200 resistance area. It is now approaching the 1.1000 conversion zone. You should pay attention to see if it creates a bullish signal here. If so, you can consider new buying positions following the uptrend. In case the price breaks this level, the next target will be around the lower border of the falling price channel.
💡 EURUSD: Forecast January 3The buyers were unable to hold the 1.10 resistance zone as the selling pressure rapidly increased, penetrating this resistance with a very strong force. It is likely that the price will continue to go down with these developments, the target is The next step will be around the lower border of the rising price channel. Trend followers patiently wait. If there is a notable price increase signal in this area, then they should consider entering new buying positions.
Analyzing the EUR/USD: Anticipating a Bearish Move Towards 1.07 In the current market scenario, there's a keen interest in the EUR/USD pair as it exhibits a potential bearish move. The price trajectory is notably approaching the crucial 1.07 level, following the formation of a distinctive right shoulder pattern.
Traders and analysts are closely monitoring this pair, anticipating and analyzing any forthcoming downside movements in the coming days. Stay tuned for insights and updates as the market dynamics unfold.
EURUSD 02/01Pair : EURUSD ( Euro / U.S Dollar )
Description :
Rising Wedge as an Corrective Pattern in Long Time Frame and Short Time Frame with the Breakout of Lower Trend Line. Completed " 12345 " Impulsive Waves and making its " A " Corrective Wave
EUR/USD to 1.0940 next week? A bearish perspectiveHello traders, EUR/USD has been on a uptrend fueled by some low-volume
buying. Next weeks, when the big boys finally return to the markets and the
trading volumes go back to normal, there might be a possibility that this
entire move is faded.
I have sold EUR/USD@1.1120 and I believe we could see a 100 pips fall
next week. Technically, the next resistance for EUR/USD liest at 1.1265
level.
My advise to you is to trade wisely and apply proper money management.
EUR/USD breaks out! Real or another false breakout?Hello traders, EUR/USD has finally broken out of the resistance level
around 1.1020. In fact, as of now, price has breached the 1.1101 level as well.
However, keep in mind that this is a low-volume trading session due to the
Holidays. So, it could be a false breakout as well.
A week later when normal trading volumes come back, we might see EUR/USD
falling back below 1.10 again. I am watching out for potential sell entries
in EUR/USD. Technically, the next major resistance lies around the 1.1267 level
EURUSD: Another Bull Run Towards 1.1200?Dear Traders,
Happy Holidays,
EURUSD recently had some short of correction and now there is sign that price may push towards 1.1200 price area before the NFP next week. A proper risk managed entry can give you around 150 pips.
good luck and trade safe:
all the best for new year 2024 , may this year fulfil all your trading goals.
💡 EURUSD: Forecast December 29EURUSD has slipped sharply in the past session, losing momentum as it approached the upper border of the rising price channel. Although selling pressure is returning, these are normal developments after breaking moves, a correction will bring giving bettors better entry points, you continue to wait patiently, paying attention to see if there is a bullish signal forming around the 1.10 resistance area when the price retests.
💡 EURUSD: Forecast December 27EURUSD increased in price in the last session, the upward momentum was not strong enough to invalidate the doji pattern previously formed on the daily. Although this bearish model has been invalidated, suggesting the possibility that the uptrend will continue, the breakout force is not really strong, you should not buy at this time, need to wait patiently.
EURUSD: Bullish consolidation? (Part II)In the short term we can say that the FX:EURUSD pair is bullish above 1.0930 (bullish scenario invalidation) on intraday chart. That said, from a technical perspective, we have already reached our previous Target around 1.1040 (see chart/idea below), and from this area a corrective structure should be logical with a potential ABC Pattern. If this idea is correct, the price should return below wave 4 (1.0994) before triggering a new rally. If we look at the 1H chart we see that the Price Action moves within a bullish channel, so the support area could be around 1,098/1,072. In conclusion, if the trend remains bullish, we expect a new consolidation at least around 1.1090 area in the short term.
1.1000-1.1040 TARGET
(Click on Chart for details)
C.O.T. Analysis
(Click on Chart for details)
What's you opinion? ...are you bullish or bearish on this pair?
Trade with care.
Like | Share | Comment
EURUSD Technical analysis and Trade IdeaIn this video analysis, we focus on dissecting the movements of EURUSD. We can see that the EU has traded into a significant resistance level. Below the current price level, we pinpoint an imbalance key support zones. Throughout the presentation, we delve into comprehensive trend analysis, intricacies of price action, the underlying market structure, while also briefly outlining a prospective trade opportunity. It is important to note that this is not financial advice and is meant for educational purposes only.
USDJPY I Testing monthly lows as traders stay bearishWelcome back! Let me know your thoughts in the comments!
** USDJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
EURUSD Lokking BearishEURUSD has liquidity at 1.1065 price level and, also we are at the end of wave 5 expecting a dump from the trendlines
💡 EURUSD: Forecast December 26EURUSD has breached the 1.10 level, but we cannot yet consider this a breakout because selling pressure has also reappeared, shown by a notable Doji pattern on the daily frame. You temporarily stop trading, pay attention to the tops and bottoms of this model. If it breaks to the bottom, it will likely create a peak in the short term, and the reversal traders can consider returning. In case the price breaks the top of the pattern, meaning it has been invalidated and confirmed the breakout, then trend followers can consider entering an order and targeting the upper border of the rising price channel.
