EURUSD M30: Bullish outlook seen, further upside above 1.0710On the M30 time frame, prices are approaching the resistance zone at 1.07100 which coincides with the graphical resistance area. A break above this zone could provide the bullish acceleration to the resistance zone at 1.0770, which is in line with the graphical resistance. Prices are holding above the 20 MA as well supporting the bullish bias.
Eurusdshort
EURUSD UPDATE H&SHi all
EURUSD has been trending sharply for four months, from 0.953 to 1.103, so I'm still looking for a 50% retracement.
After a strong 5 day bearish trend, I see a head and shoulders pattern in the 1 hour chart. So, as long as the eurusd does not pass and close above the head, I believe it will remain in a bearish trend.
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
Like and subscribe and happy trading to all. cheers
EURUSD - Daily Trade Idea - 13-Feb-23EURUSD (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
EURUSD Trading Plan - 12/Feb/2023Hello Traders,
Hope you all are doing good!!
I expect EURUSD to go Down after finishing this correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Daily Analysis Update \ EURUSD Friday 10 Feb 23Frustrating week on Euro. My target of 1.08270 was never met so I could not go short as it had some more juice in my opinion to trade higher.
The downside target of 1.06044 looks like it will be met maybe by Monday or if the Fed Speaker today gets active we could see that target hit by close of trading today.
Will update with a weekly analysis on Sunday.
EURUSD broke down from a corrective channel.EURUSD - Intraday - We look to Sell at 1.0743 (stop at 1.0792)
Broken out of the channel formation to the downside.
Buying posted in Asia.
Reverse trend line resistance comes in at 1.0742.
The 261.8% Fibonacci extension is located at 1.0595 from 1.0787 to 1.0714.
Bespoke support is located at 1.0595.
Although the anticipated move lower is corrective, it does offer ample risk/reward today.
Our profit targets will be 1.0595 and 1.0580
Resistance: 1.0743 / 1.0787 / 1.0888
Support: 1.0669 / 1.0595 / 1.0580
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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EURUSD - Daily Trade Idea - 10-Feb-22EURUSD (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
EURUSD SHORT 2/9/2023 THURSDAYDOA
-Killzone Time: 8:30 AM
-Session: London/New York
-Time of Execution: 8:25 AM
-Date: 2/9/2023
-Day of Week: Thursday Morning
Entry
-POI: CHOCH 1Min FVG
-Risk to Reward: 1:4.07
-SL: 9pips
-TP: 37pips
-Position: Sell By Market
Moral
-ICT 2022 Mentorship Model/ Faiz
-Opening Bell Liquidity Sweep
-15min chart setup
-Liquidity Swept, MSS, FVG
Results
-Target Reached
-Price respected concept with BSLS & MSS
-31pips secured closed before TP
Lesson
-LFGGGG!!!!!!!
-THIS TOO EASY!!!!!!
-BOSS MOVES!!!!!!!!!
EURUSD - Daily Trade Idea - 9-Feb-23EURUSD (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
Is the Fed out-hawking the ECB?The EUR/USD exchange rate is hovering just above $1.07, close to a nine-month high of $1.1034 reached last week. This is due to the European Central Bank's (ECB) hawkish stance, as ECB board member Isabel Schnabel has stated that the recent interest rate hikes by the ECB have had little effect on inflation. The ECB has raised interest rates by 50 basis points at its February meeting, marking the highest levels since 2008, and has indicated that there may be another increase of the same magnitude next month.
However, the strong demand for the US dollar following the unexpectedly high US employment figures released last Friday is putting pressure on the EUR. Federal Reserve Chair Jerome Powell and New York Federal Reserve President John Williams have both indicated that interest rates need to go higher and the labor market is still strong, while Fed Governor Christopher Waller warned that rates may increase more than expected.
From a technical perspective, the EUR/USD exchange rate is currently tilted towards downside risk, indicating that the market is more favorable towards the Federal Reserve hawks over the ECB hawks. The exchange rate is below all its moving averages and the 20 simple moving average has crossed below the 200 simple moving average. Additionally, momentum indicators are negative and the relative strength index is slightly declining at around 40.
EURUSD 2023 Know your year! Act early! Don't be surprised! 2 minutes to read and reveal the the matrix!
2 clear, important periods for EURUSD in the last close to 20 years of trading circled red on the chart.
Period 1 - August 2020 - Feb 2022
"False break period"
Initially, pandemic caused a rush of investment, landslide USD down as cash was poured into
stocks, cryptocurrency, etc..
But peaking around December 2020, due to FED starting to rapidly increasing interest rates,
causing cash to be very attractive compared to keeping it invested during all time highs, as well as
making loans much more expensive, USD started to gain strength again, BIG TIME, most aggressive policy
to increasing interest rates was implemented during the coming months.
In the meanwhile, EUR delayed increasing interest until July 2022, which explains the huge amount of USD cash compared to EUR in the circled period
and beyond, until bottoming at the bottom of the wedge around late 2022 when ECB started pumping interest.
Period 2 - Jan 2023 - Today (Feb 2023)
"Fresh yearly breakout period"
With the ECB targeting higher interest to 3.0%, 3.25% and 2.50% which is a higher
expectation from 2.50%, 2.75% and 2.00% just from December 2022, making EUR more attractive
to keep cash and less scarce (more expensive to lone) - While the USD is pretty much maximized as
to increasing interest / stimulating the economy as during 2020-2022 FED used pretty much
the entire toolbox - Leaving 2023 as the year for EUR with the FED playing all the cards they had.
The technical breakout we see up above the falling wedge resistance makes perfect sense with the
fundamentals - Making EURUSD a long term strong buy position for the year.
This is a must know chart to be confident while trading EURUSD .
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Always do your own research and practice caution while trading, especially leveraged products.
I would really appreciate comments, questions or any interaction - Thank you!
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EURUSD WEEKLY TRADE UPDATEhello trader
quick recap frm last week
The euro-dollar is consolidating in a range between 1.09295 and 1.08350 before making fresh lows at 1.08022 and 1.11433, respectively, and finishing the week at level 1.07924 and breaking the uptrend stucture
Currently, the euro-dollar is trading lower, and I expect a support at level 1.07119.
Given that there have been numerous rejections at that level in the past, breaking the support level could push prices farther lower, all the way to 1.0629.
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
Like and subscribe and happy trading to all