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Eurusdsignals

EURUSD Hit the 1DMA50. Bullish breakout or bearish continuation?The EURUSD pair has been trading within a long-term Channel Down pattern since the February 04 High. Today it hit the 1D MA50 (blue trend-line) for the first time since September 13, which was a Lower High on this Channel Down. We also had a near rejection on October 05. We have predicted this Lower High move on our following idea, a month ago: This is the first time we've had so many successive tests and that has caused the absolute bearish structure at the start of the Channel to change. As you see it followed a strong sell (red channel), consolidation (grey circle) and sharp Lower Low drop (red arrow) sequence. That sequence has broken since the September 12 1D MA50 test, but the trend remains bearish regardless. This however could be an early sign that the long-term bearish sentiment is losing strength. However, a 1D RSI break into its multi-month Resistance Zone, should be taken as a bearish signal targeting the 0.95392 Low and (under circumstances that we will discuss), the -0.236 Fibonacci extension (as a Lower Low to the long-term Channel Down). However a break above 1.000, which is the last Lower High, would invalidate this pattern, and even more so a closing above the 1D MA100 (green trend-line) would confirm the long-term trend shift as this trend-line has been untouched since February 11, basically throughout the whole Channel Down structure. For us, the range within the 1D MA50 and 1D MA100 is a no-trade zone but a break above the 1D MA100 would be a buy signal, targeting the 1D MA200 (orange trend-line). Check below, how well this Channel Down pattern has played out for us since late August: ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
EURUSD is invalidating the August pattern to the upsideThe EURUSD pair broke a pattern today that has been holding since early August by making a Higher High above the 4H MA50 (blue trend-line). Since The August 10 High, the pair has been trading within a Bearish Megaphone formation. The last Lower High (October 04) was rejected on the 1D MA50 (red trend-line) and as per the previous Lower Low sequences, reached the 0.618 Fibonacci retracement level from the previous Low. However this time the subsequent rebound wasn't contained below the 4H MA50 and in fact broke even above the 0.382 Fibonacci level, which never happened in the previous two Lower Low sequences. The divergence from the previous patterns is also evident on their 4H RSI sequences. As a result the immediate target is the 4H MA200 (orange trend-line). A break above it, would target the 1D MA50, which is untouched since September 13. A break above the top (Lower Highs trend-line) of the Bearish Megaphone would in turn target the 1D MA100 (green trend-line). As we've mentioned numerous times, this is the deciding level for EURUSD between being long-term bearish and long-term bullish as it has been a Resistance since February 11 2022. Note that if at any time, the 4H RSI is rejected on the 70.000 overbought mark, it would be a solid sell opportunity targeting the 4H MA50 again. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
2
EURUSD Immediate SellThis is basically a quick update on the EURUSD pair on our analysis 4 days ago, as the projected rejection on the 4H MA50 (blue trend-line) eventually took place: As you see, the price hit the 4H MA50 and eventually got rejected following the U.S. CPI release yesterday. Fundamentals aside, this largely confirms the technical recurring pattern that the price has followed within this Bearish Megaphone pattern since the August 10 top, where every Lower Low leg after it hits the 0.786 - 0.618 Fibonacci retracement level, it makes a short rebound to the 4H MA50, only to be rejected and eventually make a new Lower Low within the Megaphone. As you see on the chart, those previous legs have been from Aug 10 - Aug 23 and Sep 12 - Sep 28. Even the 4H RSI sequences are similar. This gets invalidated if the price breaks above the 4H MA200 instead. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
4
EURUSD Sell signal timed perfectly. Can see a relief bounce now.The EURUSD got sold-off heavily after the price broke inside the 4H MA200 (orange trend-line) - 1D MA50 (red trend-line) Zone as we pointed out in our previous analysis: As you see, the sell signal couldn't have been timed more perfectly and now the price sits comfortably well below its 4H MA50 (blue trend-line). As mentioned previously, the medium-term pattern is a Bearish Megaphone (since the August 10 High) and as you see, every prior bearish leg to a new Lower Low, had a 'relief' rebound towards the 4H MA50 shortly after breaking it. The first did so right before hitting the 0.618 Fibonacci retracement level, the second right before the 0.786. Right now the price has marginally broken below the 0.618. We may be at an ideal spot for a quick short-term buy and reverse to selling on the 4H MA50 again. This is invalidated if the price closes above the 4H MA200. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
1
EURUSD Hit the 4H MA200 after 21 days. Rejection or break-out?The EURUSD pair largely confirmed our Buy Signal given on our last week analysis at the bottom of the multi-month Channel Down: The price turned sideways after breaking above the 4H MA50 (blue trend-line) last Thursday, turning it now into a Support and hit the 4H MA200 (orange trend-line) for the first time since September 13. As you see, within the Bearish Megaphone that dictates the trend since the August 10 High, every time the price entered the 4H MA200 - 1D MA50 (red trend-line) Zone, a top was formed shortly after. There is also a clear RSI Resistance (56.60) on the 1D time-frame indicating that. As a result, you can consider shorting within that Zone and target the 4H MA50 initially. However, if the RSI breaks above or of course the price above the Megaphone, take a neutral stance. That would still not be a bullish break-out as on the long-term we need to see the 1D MA100 (green trend-line) break in order to call for a buy extension. Keep in mind that high volatility is justified as the market is entering into anticipation mode over Friday's Nonfarm Payrolls. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
1
📢EURUSD analysis in Daily time frame🤨💰🔰You can see the analysis of the euro to the US dollar in the daily time frame (EURUSD_ 1D) 🔍🧨 💥As it is clear from the picture, the price is moving in a Bearish parallel channel🖤🧐 Due to the presence of the price in the dynamic support area (the lower line of the Bearish parallel channel🖤), there is a possibility that the price will rise to the specified area🚀🔺 Do you think this analysis can be profitable❓ I hope the analysis was useful for you🤍🌹 📌Please introduce the channel to your friends 🙏🏻 __________📈TRADER STREET📉___________
Long
by TRADER_STREET
EURUSD Expected rebound on the bottom of the Channel DownThe EURUSD pair has been trading within a Channel Down pattern since the February 10 High. Time and time again we have pointed out the recurring buy/ sell levels within this pattern due to its strong symmetry both on the price action and the RSI on the 1D time-frame, which provided the following accurate sell signal a month ago: The price almost hit the bottom (Lowe Lows trend-line) of this 8-month Channel Down on today's opening and as the 1D RSI breached the 30.000 oversold barrier for the first time since July 15 (though hasn't yet hit the Support Zone), it is worth buying into this strong momentum. The most consistent target during this time has been the 1D MA50 (blue trend-line). As we have noted numerous times, we are only considering longer-term buys if the 1D MA100 (green trend-line) breaks, targeting first the 1D MA200 (orange trend-line). Weekly tip: Keep an eye on Powell's speech, the U.S. GDP and the E.U. CPI. ------------------------------------------------------------------------------------------ ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoyed this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant and support me and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------------------ You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------------------ 👇 👇 👇 👇 👇 👇 👇 👇 👇 👇 👇 👇 👇 👇 👇 👇 👇 👇
Long
by TradingShot
2
EURUSD How will it react to the Fed's 3rd straight 0.75% Hike?The EURUSD pair is rebounding on the current 4H candle, following the rejection after the Fed raised the Interest Rate again by 0.75% for the 3rd straight meeting. So far this rebound seems to be technical as the 4H RSI hit the oversold level (green circles) that it has another 4 times in the past 3 months. As you see on this 4H chart, the price typically rebounds to either the 0.5 or 0.618 Fibonacci retracement level, following bounces on such oversold RSI levels. The 0.5 Fib is currently at 1.000, while the 0.618 at 1.00478. This could be just a short-term reaction as the trend remains bearish long-term, especially within this structured Channel Down pattern that started on the February 10 High. As a result, a break below the 0.9800 Support can complete a similar -6.25% decline near 0.95600. Bear in mind that only a break above the 1D MA100 (green trend-line) can change the long-term trend to bullish. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
1
EURUSD Still neutral. Best to trade the break-outs.Following our previous EURUSD analysis, the pair is exactly as we left it, neutral within the 0.98650 Support (of the September 06 Low) and the top (Lower Highs trend-line) of the 8-month Channel Down. The September 12 break above the 1D MA50 (blue trend-line), proved to be a fake-out as the price failed to close above it and on the following day it was rejected back to the top of the July Support Zone. This leaves our trading plan in place intact as we are still waiting for a break either above the Channel or below 0.98650 to trade. We still have to mentioned, that it is the first time, this year at least, that the MACD is trading upwards on a Bullish Cross following a 1D MA50 rejection and this has to favor the bullish scenario, at least on the medium-term. So with a closing below the 0.98650 Support, we will take a break-out sell targeting the -1.0 Fibonacci extension at 0.96390. For the bullish trade we will ideally wait for a clear break above the 1D MA100 (green trend-line) which has been intact as a Resistance since February 11. A break above that line, would be a bullish break-out signal, targeting the 1D MA200 (orange trend-line). Keep also an eye on the 1D RSI. A break above the 59.30 Resistance would be a sign of a trend change on the medium-term. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
2
EURUSD | Perspective for the new week | Follow-up detailsLooking at this pair from a long-term perspective, it is easy to say that the sellers are very strong but we can not give up on the bullish potential opportunity that might be evolving after witnessing the multiple rejections of the $0.99 area in the last 3 weeks to project a certain level of strength from the bulls to resist selling pressure from this zone. So, this video illustrates in detail how I intend to trade this pair in the coming week. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
1
EURUSD Breaking above the 7-month Channel Down.The EURUSD pair did as expected following our last analysis and as it held the 0.98700 Support, it rose aggressively and reached the 1.5 Fibonacci extension just like on the August 10 fractal: This time we are back to the 1D time-frame again as we have a much more important development in front of us. The price didn't just break above the 1D MA50 (blue trend-line) today but also above the Channel Down pattern that has been dominating the bearish trend for the past 7 months. We need a candle closing above it to confirm that, but still, the 1D RSI breaking above its May 30 Resistance and the 1D MACD turning upwards on a Bullish Cross, invalidating the April 25 and July 01 bearish fractals, are an early indication that we may have a major bullish break-out ahead of us. In order for that to technically take place though, we ideally want to see a break above the 1D MA100 (green trend-line), which has been intact as a Resistance since February 11. A break above that line, would be a bullish break-out signal, targeting the 1D MA200 (orange trend-line). On the other hand, we are willing to sell again only if a 1D candle closes below the 0.98700 Support, in which case we'll target the -1.0 Fibonacci extension (0.96620). The area between those two break-out points is considered as neutral by us. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Long
by TradingShot
3
EURUSD | Perspective for the new week | Follow-up detailsFollowing the choppy scenario in the last couple of weeks, the EURUSD was unable to find direction as it appears participants are waiting for a catalyst for a signal on where the price is heading. However, the current structure in the lower time frame reveals buying power at around the $0.99 zone. In this video, I shared my technical opinion on my expectation this week as I look forward to a decline in price if the price breaks down and retest the $0.99 area for the Euro. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
EURUSD Neutral within this zone. Consider those break-out levelsThe EURUSD pair got rejected today on the 4H MA50 (blue trend-line) after attempting to make a rebound within the 1.5 month Support Zone. The RSI and MACD patterns on the 4H time-frame are similar to the Bull Flag formation of July 19 - 27, where the RSI was inside a Channel Down and the MACD on a Bullish Cross. After a break above the 4H MA50, the pair eventually hit its 1.5 Fibonacci extension. Our target, if the price closes above the 4H MA50 again, is the 1D MA50 (red trend-line), which is only slightly below the 1.5 Fib. On a different occasion, if the 0.98770 low breaks, expect a new Lower Low on the -1.0 Fibonacci extension as with the mid August drop. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Long
by TradingShot
2