EURUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find a significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Eurusdsignals
📢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 🙏🏻
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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.
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EURUSD top-down analysis, UPDATED!!Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
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.
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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.
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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.
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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