Eurusdsignals
EURUSD reviewDescription :
The euro and the dollar do not have very complicated and incomprehensible conditions
We see a relatively good support, followed by a resistance that feels like an uptrend that does not touch the price of support.
With the growth of the dollar index, we saw the fall of all currencies, even bitcoin
If you look at the analysis of the dollar, it feels like it is coming back after touching the channel ceiling, at which time most currencies are touching their support, and from now on we have to wait for a signal for the dollar to fall in favor of other currencies.
#EURUSD#EURUSD
After the start of movement on Monday, the price continues to fall from the resistance of 1.213.
I expect the fall to continue.
1 - resistance line of February 2020
2 - recent breakdown of the 1.198 support line.
3 - rebound from resistance 1.213 and working out correction (an essential element of almost any movement).
The target is 1.186.
🔔 11 / 13 last EURUSD forecasts come TRUE
EURUSD Its perfect symmetry aims at 1.22400EURUSD has just rebounded off its Higher Lows trend-line, a Support line that has been holding since the start of April. If we get a 4H candle closing above the 4H MA50 (blue trend-line), then the price should aim at 1.22400, which is the February 25 High.
As you see the symmetry has been near perfect for EURUSD not just on the Lower Highs of Feb-March turning into Resistances and Higher High, but also how the April Higher Lows trend-line is fairly symmetrical to the Lower Lows trend-line of January, February, March.
Also notice how the 4H MACD just made a Bullish Cross.
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Get ready to SELL EURUSD... Here's my analysisAfter being rejected from a key level and key trendline on the Higher timeframe, price broke a key level of support and continued to drop.
My expectation is for price to come back to the key level for a retest, show a suitable pattern for entry on the M30 and sell right back down.
I'll keep updating this trading idea, so, follow me to know when I do.
Let's get this bag!!!
EURUSD | Perspective for the new week | Follow-upWe have been on standby since my last publication on this pair as it took price over two weeks to come to our proposed Supply zone (see link below for reference purposes).
The last few days of last week trading session witnessed a strong Bearish pressure mounts as the price rejects the $1.21500 area which is represented on the chart with a bearish engulfing candle. A plunge on Friday saw the Greenback strengthened amid a dismal market’s mood which could be related to end of the month profit-taking by participants who took advantage of the Bull that began the month of April 2020.
Tendency: Downtrend ( Bearish )
Structure: Breakdown | Supply & Demand | Reversal pattern | Channel
Observation: i. It is completely obvious that price is within a pattern formed from two downward trendlines drawn above and below price action represented by resistance and support levels since December 2020.
ii. The Demand level which held price "supported" @ $1.20000 in the 3 months was finally broken (March 2021) giving way for Sellers to push price below thereby respecting the Descending Channel.
iii. A breakout of the Channel that occurred on the 20th of April 2020 is yet to be confirmed successful or not as a rejection/breakdown of my Key level in the coming week shall help me make a decision.
iv. The Channel Breakout shall be regarded false if the price closes below Key level hereby confirming an opportunity to sell the Euro in the coming week(s)... Trade consciously!
Trading plan: SELL confirmation with a minimum potential profit of 350 pips.
Risk/Reward : 1:4.5
Potential Duration: 10 to 20days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, 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 SELL MORE FROM GIVEN LEVEL !!Hello friends as i had mention in our previous analysis that this pair is reay for rop an it will drop more now
this pair has reached @ a strong resistance level and now making a double top
So i am planing to start sell this pair with opening markets on Monday and looking for a all new design TP
Chart is pretty easy and clear to get understand why we are selling on the technically based analysis
Friends Push like and comments it will help channel to support
Follow us for more updates
EURUSD SELL FROM STRONG RESISTANCE !!Hello friends as i can see this pair has reached @ a strong resistance level and now making a double top
So i am planing to start sell this pair with opening markets on Monday and looking for a all new design TP
Chart is pretty easy and clear to get understand why we are selling on the technically based analysis
Friends Push like and comments it will help channel to support
Follow us for more updates
EURUSD - H8 - Long than short at H8 SUPPLY ZONEEurusd - H8 - Expecting a bit more dollar weakness as I wait for dollar index to pull back into its daily impulsive demand zone so meanwhile we will see the major paris rising up. For eurusd we are currently long from 1.2060, i see the best turning point for euro around 1.22 as its a fresh H8 supply which is right below the previous lower high on daily tf for eurusd.
EURUSD testing the most important ResistanceEURUSD is currently testing the Lower Highs trend-line that started after the January 06 High. This is technically the most important Resistance on the long-term and the trend-line to beat if this bullish trend is to be extended.
The 4H MA50 (blue trend-line) is supporting but perhaps the most interesting development is on the 1D time-frame where there are currently more bullish indicators than ever in 2021. First the price is at the highest it's been from the 1D MA50 (yellow trend-line) since January 06. Also, the 1D RSI and 1D MACD sequences are the strongest they've been in a year. Also see how the 4H MA50 has formed a Bullish Cross above the 1D MA50. Last time we've seen that was on November 12 2020, which formed the first Higher Low of the aggressive November-December 2020 rally.
If the price therefore breaks the Lower Highs trend-line, then the obvious target is the 1.2350 Resistance. If rejected then there is still Support to be found on the 1D MA50 before the next attempt. Anything below that should be bearish on the medium-term.
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** EURUSD ** a nice monthly review so far for EU Hi all, hope you all had a great weekend and ready for a fresh week on the charts.
The entry price, stop loss (in pipettes) and take profit are shown on the chart itself.
Just something I'm working on in Pine script, I'll share as many trading ideas as and when I can, so I can document my progress.
My name is Al, I'm 40 and from the UK.
I've been trading for a few years, my key goal is to automate my strategies and remove as many decisions as I can.
Any questions, feel free to drop me a direct message if I can help.
These ideas, aren't specific advice from me - so if you enter, of course do your own due diligence - always manage your risk like a pro too.
This is all for information and education.
Have a great day,
Al.
🙂
PS. Check my other 'Related Ideas' too.
EURUSD on bullish continuationPattern: Channel Up on 4H (blue).
Signal: Buy as the breaking of the 1.382 Fibonacci extension (former Channel Down Fib Resistance), signals a buy continuation for the pattern and invalidation of the Channel Down (similar to November-December).
Target: 1.21800 (top of the High Volume Resistance Zone of 2021).
Most recent EURUSD signal:
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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EURUSD Emerging Golden Cross on 4HFollowing my most recent EURUSD idea, the price has broken above not just the 4H MA200 (orange trend-line) but also the 1.0 Fibonacci level on the Channel Down. The most important development is the emergence of the Golden Cross (4H MA50 crossing above the 4H MA200), which is typically a bullish pattern. Last time however it only gave one last spike to the 1.382 Fibonacci extension and later failed. The one before (Golden Cross) though, was what kickstarted the December 2020 rally. The difference between the two was the 4H MA200, in late February it failed to hold, while in late November it succeeded.
So right now we should be expecting at least one last spike to the 1.382 Fib ext (roughly 1.20500) and if on the pull-back the 4H MA200 holds, then an extension towards the 2.0 Fib at least. If 1.382 is rejected though, then the Channel Down has more probabilities to resume its bearish course.
Most recent EURUSD idea:
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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EURUSD | Perspective for the new weekThe rise in US government bond yields (when 10-year yields went as high as 1.68%) appears to be having a positive effect on the Greenback as I look forward to a bearish momentum in the coming week(s). With lines drawn by connecting the lower highs and lower lows of price with parallel trendlines, It is obvious that price has been caught within a Channel in a downward trend since December 2020 as the new year started with what looks the beginning of a reversal pattern and it doesn't appear to change unless we experience a significant Breakout of Trendline.
Tendency: Downtrend ( Bearish )
Structure: Breakdown | Supply & Demand | Channel | Reversal pattern
Observation: i. Buyers completely lost grip of the $1.2000 level in early March 2021 resulting in a Breakdown that tested Channel the third time.
ii. A couple of rejection of the $1.2000 level after the Breakout (double rejection on the chart) reveals the selling pressure at this juncture.
iii. The resulting line drawn over pivot high (represented on the chart as Pivot I & II) reveals the prevailing direction of price action since it hit peak @ @1.23500.
iii. As I look forward to a possible Pivot III, I have identified the $1.2100/1.19500 area to be a new area to look out for selling opportunity in the coming week(s).
iv. A word of caution: Should price decide to make a significant Breakout of Channel/Trendline to the upside @ $1.21000, set-up shall be disregarded for a rally with retest expectations... trade consciously :)!
Trading plan: SELL confirmation with a minimum potential profit of 350 pips.
Risk/Reward : 1:3
Potential Duration: 6 to 10days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, 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 Strongest 4H RSI since DecemberEURUSD has been trading within a Channel Down since the January 06, 2021 Top. However since the March 31 low, it has posted an impressive rise, which despite still being contained within the Channel Down, it has printed the highest RSI value since December 04 as the title suggests.
This could be due to the bounce on the 1W MA50 as I suggested last week on the idea shown below:
The 1.1850 target on my previous short-term idea has been hit and now it remains to be seen what this very strong RSI mean:
Can it illustrate a change of momentum and shift of the long-term sentiment back to bullish? The 1W MA50 bounce appears to be in line with that. For a better understanding, I have applied the Fibonacci extension levels on the Channel Down while also plotting on the chart apart from the 4H MA50 (dark blue) / MA200 (orange), the MA50 (light blue) and MA200 (red) on the 1D time-frame as well.
The price has recovered the 1D MA200, an important long-term level that was previously a Support. If it closes now above the 4H MA200, I don't think it will stop on the 1D MA50 and will go for a re-test of the 1.382 Fibonacci extension as it did on February 25. Then we will re-evaluate with a new post. All that, assuming the 4H MA50 holds as a short-term Support. If not then it is up to the 1W MA50 to hold on the weekly time-frame as it did last week, breaking of which should take EURUSD to the -0.382 Fib extension.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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EURUSD testing the 1W MA50. First time since May 2020! IMPORTANTQuick update on the EURUSD pair as today's selling pressure is pushing the price towards the 1W MA50 (blue trend-line), a level that has been intact since late May, 2020. It is important ahead of Friday's Nonfarm Payrolls report to maintain a long-term perspective and see what direction we should follow based on the outcome of that test.
As you see on the chart, since May 2017, every 1W candle closing above or below the 1W MA50 has essentially been a trend setter.
* On May 01, 2017 the 1W candle closed above the 1W MA50 and changed the trend to bullish for the next 1 year.
* On May 14, 2017 the 1W candle closed below the 1W MA50 and changed the trend to bearish for the next 2 years.
* On June 24, 2019 and December 30, 2019 the 1W MA50 was tested but the candles closed below, maintaining the bearish trend.
* On May 25, 2020 the 1W candle closed above the 1W MA50 and changed the trend to bullish for the 1 year Bull Phase we are currently in.
So as you realize, the closing on the current 1W candle is critical and Friday's Nonfarm Payrolls should have a heavy impact on it.
What do you think will happen this time? Will EURUSD close the 1W candle above or below the 1W MA50?
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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