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.
Eurusdsignals
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.
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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.
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.
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EURUSD Short-term rebound to 1D MA50 possible ahead of the NFPThe EURUSD pair has entered the U.S. Nonfarm Payrolls (NFP) week scheduled for this Friday with some stabilization bias. It appears that the price is respecting the August 23 Low as the new short-term Support, which along with the July 14 Low being that close, make a solid Zone.
With the 1D RSI rebounding from that Low, the market sentiment ahead of this important data release seems to be somewhat bullish and at least on the short-term, we can expect a test of the 1D MA50 (blue trend-line), just below the Lower Highs (top) trend-line of the long-term Channel Down, a pattern that the pair has been trading in since the February 10 High.
Notice that this is the exact short-term rebound that EURUSD did after the June 15 low where it eventually hit the 1D MA50 and got rejected strongly to the new July 14 Lower Low. The 1D MA50 is currently at 1.0200. On the longer-term, we need to see a break above the 1D MA100 (green trend-line), which would be the first since February 11, in order to see further buying pressure with an extended target on the 1D MA200 (orange trend-line). Until then, the Channel Down remains valid, with a -0.382 Fibonacci extension being the candidate for the next Lower Low.
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EURUSD | Perspective for the new week | Follow-up detailsFollowing over 200pips in our direction since my last speculation on this pair (see link below for reference purposes); the EURUSD continue to ground lower on the back of a firm US Dollar. Now, what is going to be happening this week? Will participants in the market find the Euro cheap enough to buy from the $1.0000 zone or are we going to witness a further decline in price action?
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.
EURUSD The downfall continuesFollowing our analysis posted here 2 weeks ago and the ideal sell entry on the 1D MA50, we see no evidence of any trend change:
The Channel Down since January is intact and we are focusing this time on the 1W time-frame, where the 1W RSI may be oversold but being within a Triangle pattern and relative to where the previous Lower Lows of the pair's Channel Down where formed, there is still room to decline.
The only possibility of a reversal is if the price makes a Double Bottom on the 0.9950 Support. Then we can again turn to the 1D time-frame from short-term term formations that may break first above the Channel Down and then the 1D MA100 but until then, the trend remains bearish long-term within the Channel, aiming this time at a Lower Low on the -0.382 Fibonacci extension (0.96367).
Even the candle shapes appear to be similar with every prior start of sell-offs (orange circles) within the Channel Down.
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BUY EURUSD !! Great Short Term OpportunityGreat setup the EURUSD as we approach the key 1.00 level, this is a short term trading setup that if triggered will be valid for 1 -2 trading days.
We are approaching the 1.00 level which is were we got a nice rally from at the beginning of the month and price has been retracing back to this area for a first test we should see a reaction here again evident in slowing of momentum on the lower timeframes.
As you can see on the image above as we are approaching the Buy Zone I like to call it the trigger zone as it's where I will be looking to enter the market when the signal occurs. What we are seeing on the 1 hour above is price starting to slow down as we are approaching this area evident being we are seeing more bullish green candles (BUYERS) and also starting to see MACD divergence signals to appear. This is showing us that the likelihood of a short bullish move from here is highly likely.
What I want to happen before entering the market is for price to actually enter the trigger starting 1.0025 and below and wait for my indicator to give me a BUY signal on the 15 or 30 min chart or wait for a MACD divergence signal to appear on the 15min/30min charts then enter the position.
My stop loss will be under the daily buy zone around 0.992 and my target area is marked on the charts above this is a great opportunity it is also just what I will do and trade at your own risk.
Hope you enjoyed this breakdown
EURUSD | Perspective for the new week | Follow-up detailsThe Euro was unable to hold to its two-day gains, as it dropped and closed below the new key level at the $1.02800 area to set the tone for a possible risk of further decline in the coming week. In this video, I have explained in detail the possible expectations that we could be seeing this week and how I intend to take advantage of the bearish momentum when structures eventually mature for the move.
Last week's update on the EURUSD is here 👉🏽👉🏽https://www.tradingview.com/chart/EURUSD/BcmHVaoY-EURUSD-Perspective-for-the-new-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.
EURUSD heavy rejection on the 1D MA50 yet againThe EURUSD pair got rejected again on its 1D MA50 (blue trend-line) and the 0.5 Fibonacci retracement level yet again. This is the 3rd time that this sequence is being repeated within the Channel Down pattern that started following the February 10 high. We've outlined this potential in our last EURUSD analysis last week:
As you see on the chart, every time this rejection happened, the price made a Lower Low on a Fibonacci progression. First was -0.618 then -0.5. Technically it should be -0.382 turn, which is now at 0.96367. Notice also how accurately the 1D RSI got rejected on its 6 month Resistance Zone.
Technically, in order to buy, the 1D RSI should either hit its Support Zone, or the price needs to break above the 1D MA100 (green trend-line), in which case it will be a bullish break-out signal targeting the 1D MA200 (orange trend-line).
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EURUSD | Perspective for the new weekThe recovery of the Euro in the last couple of weeks doesn't seem to be strong enough to break through the supply zone around 1.02500; hereby giving the impression of strength for the Dollar.
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.
EURUSD Quick buy opportunity. Sell then but tight SL.The EURUSD pair has been trading within a Channel Down pattern since the February 10 High (rejection). Every Lower High has been formed on the 0.5 Fibonacci retracement level and we have been targeting this since our last medium-term buy exactly 1 month ago:
As you see, despite the initial rebound, the pair turned sideways in the past 3 weeks. However this still gives a good short-term opportunity for a buy, targeting the 0.5 Fib at 1.03697, which is now exactly where the 1D MA50 (blue trend-line) is. After that, a closing above the 1D MA50 isn't enough to alter the long-term bearish trend, but a closing above the Channel Down would be a first sign. Still until that happens, you could use it as an SL and target the previous Low, and if you want the -0.382 extension for a new Lower Low.
Only a break above the 1D MA100 (green trend-line) would constitute a buy signal.
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💰EURUSD analysis in One-hour time🔥🔰you see the analysis of euros to dollars in an hour time .
🔰The price has reached 1.02500 after an uptrend from 1.01270 and is currently in the resistance area of the downtrend line and the price supply range . Supply and demand areas are marked in the picture🧐
Do you think the price will behave according to the RED❤️ line or according to the GREEN💚 line❓❓
I hope the analysis was useful for you🤍🌹
📌Please introduce the channel to your friends 🙏🏻
_______________📈TRADER STREET📉_______________
EURUSD | Perspective for the new week | Follow-up detailsAs the US yields slide, the Euro appears to be insinuating a bullish drive as there the Greenback stalled in growth during last week's trading session. In this video, I have illustrated my trading plan for the EURUSD against the new 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.
EURUSD going for a 1.0367 HighThe EURUSD pair continues to trade sideways around the 4H MA50 (blue trend-line), keeping all this time the trend within the strict boarders of the long-term Channel Down pattern since the February 10 High.
As this pattern shows, which I've been analyzing on all recent posts, every Lower High is always priced above the 4H MA200 (orange trend-line) and just over the 0.5 Fibonacci retracement level between the prior Lower High and the last Lower Low. That value is now at 1.0367 and should be the short-term target (or break-out target when 4H MA200 breaks).
After that, the long-term pattern shows that it is best in R/R terms to go on a tight medium-term sell, targeting the -0.5 Fibonacci extension, which is where all previous Lower Lows where formed. SL tight just outside the Channel Down, so that if we get a 1D candle close above, reverse to buying towards the 1D MA100 (green trend-line), which is untouched since February 10.
Keep in mind that the only trend-line that hasn't been hit in the past 13 months (since June 17 2021 to be exact), is the 1D MA200 (red trend-line) and that is the trend-line you want to see break if you want a long-term trend change to bullish.
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👉 EURUSD the price has not reached its main price level 👉EURUSD the price has not reached its main price level
in the coming week, the price movement will be determined by the movement in the ascending channel
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EURUSD | Perspective for the new weekAs all eyes remain fixed on the upcoming FOMC; The anticipated disruption to the euro-zone economy from energy supply constraints appears to put the Euro remains under downward pressure. However, from a technical perspective, I still see the possibility of a short-term uptrend coming up in the coming week. This video explains how I plan to take advantage of a potential opportunity that price action evolves this 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.
EURUSD eyes 1.0400 ahead of the Fed Meeting.On Wednesday we have this month's Fed Meeting where the policy makers are expected to raise another 0.75% the interest rates in the ongoing battle to lower the inflation. There is an opportunity for a short-term trade amidst this as the long-term Channel Down pattern (since early February) that the EURUSD pair has been trading in calls for one last push to price a new Lower High.
As this 4H chart shows, the Lower Highs have always been formed above the 4H MA200 (orange trend-line) and currently the price is ranging around the 4H MA100 (green trend-line). The 4H RSI pattern shows that every time the price has turned the 4H MA50 (blue trend-line) into Support, it prepares for the second part of the rebound to a Lower High. Currently a solid price just above the 4H MA20 is 1.0400.
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EURUSD | Perspective for the new weekUnlike the US economy, this week is packed with economic data that has the potential of driving the momentum of the Euro. From a technical perspective, I have identified simple structures on the 4H timeframe that will be of major assistance in helping us prepare ourselves for trading opportunities lining up for us this 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.
EURUSD Projected move within 1.0370 - 1.04650. How to trade afteThe EURUSD pair is making the expected rebound leg to a new Lower High within the year long Channel Down as we explained on our post 11 days ago:
As shown, every Lower High since March 31 is formed on the 0.5 Fibonacci retracement level and the 1D MA50 (blue trend-line). That puts a limit on the current move within approximately 1.0370 - 1.04650. If you bought the bottom (Lower Low) as suggested, you may consider taking profits within this range or at least move the SL to a comfortable profit level. Naturally selling is favored next but with the SL positioned just over the top of the Channel Down, that makes the Risk/ Reward ratio very appealing.
If it fails and the price breaks above, the 1D MA100 (green trend-line) is the short-term target (which last time rejected the price on Feb 11) with the 1D MA200 (orange trend-line) being the long-term (untouched since June 17 2021!). That is the level to look for a bullish break-out if you want to catch a sustainable long-term reversal wave.
On the other hand if the sell is successful and the top of the Channel holds, the short-term target should be the last Low with the next Lower Low projected on the -0.382 Fibonacci extension (around 0.96370).
P.S. As mentioned on the previous analysis also, notice how well the RSI Resistance and Support Zones have been working for selling and buying on the Lower Highs and Lower Lows respectively within the Channel Down since February.
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