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Eurusdsignals

EURUSD hit the top of its 4 month Channel DownThe EURUSD pair has been trading within a Channel Down pattern since early February. This was clearly analyzed two weeks ago on the idea below where the 1D RSI Bullish Divergence (Higher Lows against the price's Lower Lows) helped us take the best possible buy trade: The price not only broke and closed above the 1D MA50 (blue trend-line) yesterday for the first time since February 17, but also reached the top (Lower Highs trend-line) of the Channel Down, which as you see happens to be exactly on the 0.382 Fibonacci retracement level. Technically, today's rejection is justified as the new Lower High of the pattern. If the price breaks and closes below the 4H MA100, I expect the bearish trend within the Channel Down to be extended and go for a Lower Low near the -0.236 Fibonacci extension. Even if it breaks though above the Channel Down, I believe that a confirmed break-out buy can be done only above the 1.09450 2 month Resistance level, which happens to be on the 0.5 Fib retracement level and just below the 1D MA100 (green trend-line). In this case, we can target the 1D MA200 (orange trend-line) on a short-term trade. P.S. Notice also the 1D RSI Resistance level of 62.30. A break above it may possibly indicate the shift from long-term bearish to a long-term bullish trend. -------------------------------------------------------------------------------------------------------- ** 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| Bearish price forecast!For days EURUSD had been in a strong bearish momentum and I believe in a long term Euro will continue to face pressure against the dollar. We saw a bit of a rally to the upside at the beginning of the week which I believe it was just some sort of corrections and at this point this market is more likely to continue falling seeing that it broke below the ascending channel on lower time-frame. I will look for possible opportunity to short this market with two targets in mind, 1.05538 and 1.046657. Traders, if you find this idea helpful please support it with likes and I will highly appreciate it.
Short
by Forexintelligence_NA
EURUSD Expect above 1.1400 by the end of the yearThe EURUSD pair started the week on a strong note, being the 2nd straight green 1W candle. Still early but if it closes the week that way, it will be the first green 1W streak since the December 27 2021 candle (6 months essentially). What's even more important though, are the long-term dynamics involved in this recent rebound. As you see, the May 09 2022 1W candle low was priced almost exactly on the 1.03403 low of the January 02 2017 1W candle low, which was the market bottom that year and in fact we haven't seen a lower value since the December 30 2002 (!) candle. As you may notice, the 1W RSI sequences are identical, being a Channel Down in both cases. However the latter part also resembles the bottom formation of Aug 2014 - March 2015. As a result this makes EURUSD a strong long-term buy opportunity, at least towards the end of the year. During every such rebound around that Support level, has tested in 6 months the Resistance Zone of 1.14540 - 1.15000, which has been in effect since February 2015. As a result, we should be expecting prices above 1.14000 towards the end of this year, and that is my target long-term from now on. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
Long
by TradingShot
14
EURUSD | Follow-up detailsThis is a follow-up detail on the analysis shared on Sunday as the price moved over 100pips in our favour (see link below for reference purposes). From a fundamental perspective and following the recent Fed chair Powell's speech, it is clear that there will not be policy change on the basis that the supply chain will improve. Technically, price action is currently oscillating right around the temporary bearish trendline where both a strong move to the upside or downside is very possible at this point and if we put into consideration the long term bearish momentum, we want to be on standby to catch the move as any move, either way is going to be massive... stay tuned in! 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.
Short
by darcsherry
EURUSD 1D MA50 test possible. Then re-evaluate.The EURUSD pair has been trading within a Channel Down since the end of January 2022. Above its median it has been as sell opportunity while below it has been a buy. Every hit on the Lower Lows trend-line (bottom) of the Channel Down has seen roughly a +3.50% rise but that condition hasn't yet been fulfilled on the last Lower Low. As you see on this chart, a proper rebound has been missing since April 28. On Friday, the price made a new Lower Low and we are now on the 3rd straight green 1D candle. The 1D RSI is on Higher Lows though, indicating a Bullish Divergence. As a result, we may now get the +3.50% rebound and if we do it should reach at least 1.0700 on the medium-term by the end of May. At that time, it may make contact with the 1D MA50 (blue trend-line), which poses as the first Resistance. In order to turn bullish long-term, the price needs to break above the April Resistance of 1.09415. Practically that would mean a break above the 1D MA100 (green trend-line) by that time, so the target would be the 1D MA200 (orange trend-line). Until then, the trend remains bearish and keep aiming for Lower Lows. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
by TradingShot
2
EURUSD - FOMC CPI DATA WITH CURRENT SENTIMEN ANALYSE , DXY ⛔️ Today is a fairly important day for the EURUSD. This is due to the release of USD CPI DATA. So it's a very HIGH IMPACT NEWS. We need to be vigilant about that. Currently, the EURO has been hit hard by the USD. This is because some of the UPDATES coming from the EURO ZONE are quite NEGATIVE. But even if USD CPI is NEGATIVE, its impact will largely be on the EURO itself. ⛔️ DXY is currently at 103.717 LEVEL. Also the EUR FEATURE stays at 1.0557 LEVEL. The EURUSD PRICE is currently below the DYNAMIC S / R LEVELS. Most likely the PRICE will SELL a SHORT TERM a little more. ⛔️ Currently the OVERALL MARKET is RISK ON. Also the STOKES are turning a bit GREEN. COMMODITIES gives us a GREEN COLOR. So I'm trying to be a bit of a HIGH BEATA CURRENCIES BUY right now. Anyway VIX is getting a bit DOWN right now. Also BONDS PRICES show a slightly DOWN SIDE BIAS. BONDS SPREADS IS GREEN. MARKET currently has a MARKET ENVIRONMENT with a NEUTRAL BIAS close to RISK ON. ⛔️ The EURUSD PRICE can be slightly down to 1.0314 LEVEL. Today's USD HIGH VOLATILE EVENTS may make a difference. So stay tuned. USD INFLATION DATA or CPI DATA to be released today at NEWYORK SESSION
by benny_marshall
EURUSD Short-term fractal points to 1.0750.The EURUSD pair has been consolidating since the April 28 low. The price is now trading around the 4H MA50 (blue trend-line) and based on the 4H RSI since the April 28 Low, it may be printing a similar sequence to that of the March consolidation that reached he 0.618 Fibonacci retracement level on a short-term rebound. See how the current Channel Down is on the wide red Ichimoku cloud as during March 10 - 16. As long as the 1.0467 Support holds, our short-term target will be 1.075 (0.618 Fib). Apart from that, we can expect a more sustainable uptrend only if the 1.095 Resistance breaks. Until then, the long-term trend is heavily bearish. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Long
by TradingShot
1
EURUSD 4H RSI Divergence points to a reboundThe EURUSD pair has been consolidating since it hit the 1.04700 Support and remains below the short-term Resistance level of the 4H MA50 (blue trend-line). The 4H RSI though, is on Higher Highs, hence a bullish divergence as opposed to the price action. As you see, similar previous RSI rises since November 2021 have always taken place on short-term market bottoms (Lower Lows) and have resulted into quick rebounds towards at least the 0.382 Fibonacci retracement level. Right now this Fib level is at 1.07400 and as long as the 1.04700 Support holds, this is our short-term Target. A break below 1.04700 is a sell signal targeting the -0.236 Fib extension a little below 1.0330. -------------------------------------------------------------------------------------------------------- ** 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 hit multiple Support levels!The EURUSD pair has been trading within a multi-month Channel Down since late May 2021. This week the price broke and will most likely close below its Lower Lows trend-line for the first time. In doing so it hit the first Support level, which is the 1.5 Fibonacci extension. At the same time, the 1D RSI hit the Support level of the March 07 Low. The price is very close to the Diverging Lower Lows trend-line of the January 27 low. As a result, there is a stronger case for a short-term rebound towards the 0.382 - 0.5 Fibonacci retracement zone, with our target being 1.0740. Only a break above the 0.618 Fib can justify further buying towards 1.1100. As long as the price is contained below the 0.5 Fib, we are more likely to see a rejection towards 1.03500 as the next Lower Low (-0.236 Fib). -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Long
by TradingShot
4
EURUSD- Today is a fairly important day for the EURUSD. This is due to the release of USD PCE DATA. So it's a very HIGH IMPACT NEWS. We need to be vigilant about that. Currently, the EURO has been hit hard by the USD. This is because some of the UPDATES coming from the EURO ZONE are quite NEGATIVE. - DXY is currently at 102.947 LEVEL. Also the EUR FEATURE stays at 1.0595 LEVEL. The EURUSD PRICE is currently below the DYNAMIC S / R LEVELS. Most likely the PRICE SHORT TERM can be sold a little further to 1.0349 LEVEL. - Currently the OVERALL MARKET is RISK ON. Also the STOKES are turning a bit GREEN. COMMODITIES RISK ON TONE is what gives us. So I'm trying to be a bit of a HIGH BEATA CURRENCIES BUY right now. Anyway VIX is getting a bit DOWN right now. Also BONDS PRICES show a slightly NEUTRAL BIAS. But BONDS SPREADS are getting GREEN. MARKET currently has a MARKET ENVIRONMENT with a NEUTRAL BIAS close to RISK ON. - EURUSD PRICE can be slightly down to 1.03499 LEVEL. Today's USD HIGH VOLATILE EVENTS may make a difference. So stay tuned.
by benny_marshall
5
EURUSD near the COVID 2020 low! Low risk buy medium-term.This analysis is an update on the 1D time-frame idea I posted 20 days ago: The price, always trading within a +1 year Channel Down pattern, is very close to the 1.06400 low that made the bottom during the COVID market crash in March 2020. Even though both the Diverging Lower Lows trend-line and the Lower Lows trend-line of the Channel Down are slightly lower at around 1.05500, the risk/ reward ratio is turning to the buyers favor, on the medium-term only, for a number of reasons: 1) Since the June 16 2021 break, the pair has always rebounded towards the 1D MA100 (green trend-line) where either marginally below or just above it, got rejected towards a new Channel Down Lower Low. The 1D MA100 is currently at 1.1166 and declining. 2) The Fibonacci extension levels have quite accurately marked Lower Lows within the Channel: November 24 2021 and March 07 2022. Even though the next extension is the 2.5 at 1.04170, the 1D MA100 is much higher, making a potential trade here on roughly a 2.5 Risk/ Reward Ratio. 3) The 1D RSI is approaching the 1 year Support Zone, which has also very accurately marked Lower Lows inside the Channel Down. We are going long on EURUSD but only on the medium-term, aiming at taking profit on the 1D MA100. -------------------------------------------------------------------------------------------------------- ** 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
EURUSD WILL GO UP ? ECB COMMENT WILL HAWKISH ?- Today is a very important day for EURUSD. GERMAN FLASH MANUFACTURING PMI DATA, one of the most important events for EUR, is set to be released tomorrow. And today there is a very important FED CHAIRMAN story for USD. It will definitely VOLATILE EURUSD HUGE. - DXY is currently at 99.89 LEVEL. Also the EUR FEATURE stays at 1.0957 LEVEL. The EURUSD PRICE BREAK DYNAMIC S / R LEVELS and pulls up with the POSITIVE COMMENT from ECB. Most likely the PRICE will be SHORT TERM UP up to 1.1070 LEVEL. - Currently the OVERALL MARKET is RISK ON. Also the STOKES are turning a bit GREEN. COMMODITIES gives us a slightly MIXED RISK TONE. So I'm a bit reluctant to be a HIGH BEATA CURRENCIES BUY. Anyway VIX is getting a bit DOWN right now. Also BONDS PRICES show a slightly NEUTRAL BIAS. But BONDS SPREADS are getting GREEN. MARKET currently has a MARKET ENVIRONMENT with a NEUTRAL BIAS close to RISK ON. - The EURUSD PRICE can be UP to 1.1070 LEVEL. Today's USD HIGH VOLATILE EVENTS may make a difference. So stay tuned.
by benny_marshall
EURUSD First buy signals. 1.1100 possible medium-term.The EURUSD pair has been trading within a multi-month Channel Down with the Ukraine - Russia war acceleration the weakness. More recently, after a rejection on the 1D MA50 (red trend-line), the price entered a selling sequence below the 4H MA50 (blue trend-line) that broke below the previous Lower Low and Support of the Channel. This week we see the first signs of a potential, medium-term trend reversal, as the 4H RSI is rebounding on a Higher Lows trend-line since April 06. This is what we call a Bullish Divergence, as despite the price action being on Lower Lows, the RSI is on the opposite (Higher Lows) showing a potential trend reversal as the selling gets weaker. In fact, we've seen the very same 4H RSI Higher Lows Bullish Divergence on all previous price Lower Lows of the Channel Down. More specifically, the current phase resembles the 1D MA50 rejection of October 29. As you see both fractals started falling after a price Double Top and halfway through the trend made the 1D MA50 rejection. On November 24 2021, EURUSD bottomed on its new Channel Lower Low and as the 4H MA50 broke, the trend turned sideways within a low gradient Channel Up that ultimately approached the 0.5 Fibonacci level. If the correlation continues to hold (Channel patterns tend to be symmetrical), then when/ if the 4H MA50 breaks again, expect to see a low slope Channel Up, which if broke upwards can approach the 0.5 Fibonacci. That level is currently at 1.11240 so medium-term swing traders can set a target zone of 1.10700 - 1.11000. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
Long
by TradingShot
9
EURUSD Has it already bottomed or there is one last leg left?The EURUSD pair has so far been trading according to the pattern suggested last week: The price got rejected on the 1D MA50 and, in a repeat of the October 28 2021 rejection, is pulling for a Lower Low. The natural target is the 1.06400 Support of the COVID March 2020 low. However, as per the 1D MA50 rejection pattern, the new Lower Low could be as low as the 2.5 Fibonacci extension (1.04173). Today however, on the 4H time-frame, the RSI formed the third Higher Low since April 06. The same Higher Lows trend-line was seen on November 24 2021, which was the point where EURUSD made a (temporary) bottom and turned sideways for basically 2 months. The level that made the bearish trend turn neutral was when the price broke above the 4H MA50 (blue trend-line), which was the Resistance for 16 days. As a result, a viable strategy is to hold on to your sells if you took our call last week, unless the price breaks the 4H MA50. So far it has been intact for 9 days. If it breaks, buy and target right below the 1.0 Fibonacci level at 1.1100. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
3
EURUSD The 1D MA50 rejection can deliver sub 1.0700 prices.The EURUSD pair got rejected last Thursday on the 1D MA50 (blue trend-line) and as a result it trading today towards the March 07 Low. A new Lower Low within the long-term Channel Up seems imminent as a break below the 1.0810 Low should put the 1.0640 low of the March 2020 COVID melt-down to test. In fact, the last 1D MA50 rejection was on October 28 2021, which also came after a Double Top. Both sequences are so far identical and if the current continues to replicate that of 2021, then the next Lower Low can be as low as the 2.5 Fibonacci extension at 1.04175. A safe approach for sellers, could be taking profit once the 1D RSI hits the 1 year Resistance Zone. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Short
by TradingShot