Analyse EURUSD in 2HFirst, we have the lightning-fast model which will be the PRZ zone
Secondly, the PRZ area converges with OB and bearish resistance in daily
We know there is a bounce in the PRZ; Since I combined several indicators into one zone, we see that at 1.05650 we should sell and take our profit at 1.04600a nd stop loss at 1.05920.
Eurusdshort
Like a snowballThe currency is still in a downtrend, so we are friendly with the trend.
Of course, this friendship may not always last...!
However, there is a possibility of a growth up to the ceiling of the downward trend and then a fall to the specified range.
Also, this growth can continue up to the previous peak, that is, out of the trend.
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EURUSD END-WEEK ANALYSIS-UPDATE 24/09/2023EUR/USD Analysis: Riding the Forex Waves Amidst Dollar Strength
As forecasted, EUR/USD witnessed a recovery following three consecutive days of decline, aligning with our previous insights. However, this forex journey is marked by ever-evolving dynamics.
With the US dollar poised to regain strength, I'm now focusing on anticipating another potential downside move. But there's a critical condition: this projection depends on the dollar maintaining its price above 105.864. Join me as we navigate the intricacies of this dynamic market, and stay tuned for the next chapter in the EUR/USD story! 📉📈 #EURUSDAnalysis #MarketOutlook #TradingView
The future of the Dollar - EllisonCapitalThe dollar is very important to understand through 2024 because it is your primary market driver on dollar pairs with its position as the world reserve currency.
During times of economic global turmoil, even though the US economy may be facing weakness, if global economies are facing weakness then the dollar will still hold appeal from a market perspective as a safe haven currency and as the world reserve currency as it is still backed by the largest economy in the world. 90% of business transactions are held in the dollar and it's still the only currency that oil is denominated by.
Now when you look at the dollar you can see it had a very short downside at the start of the pandemic. Why? Obviously, interest rates were dropped to zero and the money supply was exponentially increased. This meant less demand for the dollar because all of the demand was in risk assets in the stock market. After all, the FED was pumping the market, meaning more supply of the dollar. But the price only pulled back into the support and demand zone at 90.
Then in late 2021s when we had Russia invading Ukraine, you started to see some more appeal in the dollar as a safe haven currency. But more importantly, in 2022 feds began the most aggressive rate hike cycle ever seen, this saw the dollar with excessive upside volatility.
This is dangerous as it creates a lot of negative implications for global debt obligations on other country's currency values and global business activity. When the dollar goes up too fast, it has a lot of downsides for other global countries. Hence during this period, we saw major countries such as China, Japan and the UK perform currency interventions because their currency is already devaluing on top of the dollar being so strong. Especially on the macro rate differential between the Bank of Japan and the Federal Reserve.
Nonetheless, we can see we had this large rally/ impulsive bullish moves/ new higher timeframe highs being printed that we haven't seen since the 2000s. So still maintaining a beautiful macro bullish structure from a technical perspective too, Now we've had this aggressive correction and pullback phase.
This is due to inflation starting to drop because of the Fed's front loading of rate hikes and inflation starting to come back into a tricky zone. The majority of rate hikes were priced in and the price seemed to be setting up for 2023, but that pullback is still a 50% correction of this overall rally from late 2021. It also is conveniently retesting that area we broke above.
Inflation is still seeing trouble at the 2% point and to maintain that the feds are going to keep rates up and if geopolitical tensions are going to continue to escalate on a global stand and we don't trade above the 101s we could easily see the dollar trending back to these highs. Just not as impulsive, but slowly and more steadily. We could easily see the dollar from a macro perspective going into the 120s. Why is this so important? Well if this occurs, especially going into 2024 and we don't see the dollar breaking below 101, US inflation will still have trouble hitting that precious 2% target they want so badly.
It's going to be a lot easier playing Eur/USD sells with this dollar bullishness.
Simply put on EUR/USD there will be less demand for the Euro versus the Dollar. If the EU can't trade back above 1.13, overall I'm going to be expecting the price to return back down to those parity points 1.0 and potentially lower in a slow and steady fashion.
EUR/USD AnalysisAs expected yesterday on our analysis that you can find on my profile, EU got a nice run down from the 1h OB, now I'm waiting to see if we get some retracement into the hourly FVG before taking the liquidity below 1.04880, if it's the case it would be a second opportunity to get involved on sell .
EURUSD A Bearish TRADE IDEAEURUSD is Trading in a bearish trend . the us dollar is still strong.
once the price reaches that trendline id expect a bearish continuation .
as confirmation look for bearish candle stick patterns or bearish reversal patterns such as double top and head and shoulder.
trade safe guys ! nfp week coming up
EURUSD SHORT I'm looking for short opportunities on EURUSD at the moment. We've been downtrending since mid July, the market has been working its way down taking out lows from July, June and May. I see one more prominent target EURUSD would push for if the downtrend continues and that would be the bottom seen in mid March around the 1.05200 area. Thats where I'll be looking to take profits after price retraces back into the 1.06900 zone. Good luck traders, let me know you thoughts on EU!
EURUSD is in bearish trend EURUSD is in bearish trend
my analysis is showing that it will braek its major support
so all my indicators is showing bearish trend so that i am 100% bearish on this pair
TREND 1D Bearish
TREND 4H Bearish
TREND 1H Bearish
NO DIVERGANCE
Flag continuation
No Harmonics
so over All waight of bears is more then bulls
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EURUSD SHORT!Hey Traders,
New Analysis on EURUSD, which still I believe that we can have extreme drop, but as always price doesnt want to take retail traders, so they just playing with the price now, according to the data so far EUR zone is under pressure much more than USD, so I still believe we can have bearish move very soon with high pressure, lets just wait for it,
I am not entering new as I sold from the area I mentioned, so I am going to hold for long term!
Sorry for the mess on the chart, I check these levels in lower timeframe! in lower timeframe which I will share later we got the new entry, I will try to share it with you guys!
Any question comment me bellow guys!
@FxShzd
Daily Wave Rider - EURUSD - SELLEURUSD
Channel: RED
WK Pivot: RED
AOB: WS1
CON: SBB
SELL Stop: 1.05612
Stop Loss: 1.06120
TP01: 1.05104
DWR present as a sell setup on 27SEP, with Channel and Pivot are red bouncing of weekly support line
However, trade is not taken/considered as price is extremely close to our weekly key level
SPX500: BUY
DXY: SELL
OIL: SELL
GOLD: SELL
EU - Weekly Timeframe Analysis (ICT)EURUSD is still digging lower, recently attacking Sellside Liquidity in the form of relative equal lows and a Monthly low.
On the Weekly timeframe there is nothing that piques my interest. Price has been going from PDA to PDA on its way down. I still anticipate it heading low for more relative equal lows, which coincides with my bullish bias for the DXY.