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Eurusdsignals

EURUSD Buy signals but follow the break-outs.The EURUSD pair has been trading within a Channel Down pattern since the July 27 High. So far it has only made two Lower Highs touching its top and we may be starting the sequence that might complete the 3rd. On the short-term we expect the 4H MA50 (blue trend-line) to be tested and the target on our current buy is 1.0700. That is still below the Inner Lower Highs trend-line, similar to August's decline. Beyond that, we will take a 2nd buy only if the price breaks above the 4H MA100 (green trend-line), in which case, we will target the top of the Channel Down and the 4H MA200 (orange trend-line) at 1.08000 (+1.65% bullish extension). Note that the 4H MACD is close to completing a Bullish Cross. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
8
EURUSD On the 1W MA50 after 8 red weeks. Strong rebound ahead?The EURUSD pair got last week the closest to the 1W MA50 (blue trend-line) it has been since the January 02 2023 1W candle, practically the start of the year. The 1W MA50 has been the long-term Support of the bullish trend since the pair broke above it on the week of December 05 2022. Testing it after that long can provide a technical rebound, especially considering the fact that last week the trend completed eight (8) straight red 1W candles. To put things into a more detailed context, the price action of the past 12 months is similar to the one that preceded the March 29 2021 1W MA50 test. Both lasted on a similar date range (50 weeks/ 350 days and 54 weeks/ 378 days respectively) from the bottom to the 1W MA50 test and the 1W RSI on both dropped from 70.00 to 42.50. The 2021 rebound marginally broke the 0.786 Fibonacci retracement level before getting rejected on a Lower Highs trend-line to the 2021 - 2022 Bear Cycle. As a result, it is worth attempting a medium-term buy, as long as the 1W candle closes above the 1W MA50 and target the 0.786 Fibonacci level, which on this occasion is at 1.11500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
3
EurUsd could resume its down moveOn 8 September I wrote that a relief rally could be next for EurUsd and this should be considered an opportunity for traders to sell rallies around resistance and join the downtrend at better prices. Indeed the pair rose and reversed exactly from under 1.0780 resistance. The recent rise is corrective in nature and formed a flag pattern and we could see a new leg down. I remain bearish under 1.08 and my target is the 1.0550 zone with interim support at the recent low.
Short
by Mihai_Iacob
21
EURUSD hit the bottom of the Channel Down.The EURUSD pair hit yesterday the bottom (Lower Lows trend-line) of the Channel Down that started after the July 27 High. As the 4H MACD is about to form a Bullish Cross, this emerges technically as a buy opportunity on the short-term. Our target is 1.0850, just below the top (Lower Highs trend-line) of the Channel Down, marginally below a projected +1.42% price range, which was the lowest so far rebound within this pattern. The 4H MA200 (orange trend-line) is the short-term Resistance while the 1W MA50 (red trend-line) the long-term Support, where closing below restores the bearish trend for more months to come. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
5
EurUsd could drop to 1.05 zoneIn my previous EurUsd analysis I wrote that the break of the one-year rising trend line could signal further losses for the pair and traders should keep an eye on the 1.09 zone, suggesting selling above this figure. EurUsd reversed perfectly from resistance leaving a long-tailed continuation Pin Bar on our chart suggesting bears are very strong. Going further, I expect further weakness for the pair and I'm looking for a drop to important 1.05 very important zone support in the medium term. The strategy should be sell rallies and only a daily close above the recent high would negate this bearish scenario.
Short
by Mihai_Iacob
13
EURUSD 1st hit on the 1D MA200 after 9 months! BUY!!The EURUSD pair finally hit the 1D MA200 (orange trend-line) for the first time in 9 months (since November 30 2022). That is a direct hit at the bottom (Higher Lows trend-line) of the 2023 Channel Up, which is so far holding. Perhaps the strongest buy signal that we could see also emerged, as the 1D RSI hit the 33.00 Support, which formed the bottoms of May 31 and February 24. Based on all the above dynamics, this is the strongest buy opportunity on EURUSD on a 3 month horizon. It will be confirmed after it closes above the 4H MA200 (green trend-line) but the Risk/ Reward ratio is good enough for a buy entry now. Our first Target is the 0.786 Fibonacci Channel level at 1.13000 and second the 1.14000 (would complete a +6.00% rise from the current bottom level). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
3
EurUsd could drop under important supportSince the recent 1.13 top, EurUsd started to fall, with rallies clearly sold. Also, the mid of August is marked by a break under the ascending trend line that kept the price elevated for almost a year. At this moment the pair is trading exactly at the horizontal support and a break also under this support is probable. In such an instance EurUsd could drop to the next important support that lies 200 pips under. I'm looking to sell rallies for EurUsd and an ideal price could be 1.0950 with negation above 1.1150 for a 1:3 risk: reward trade.
Short
by Mihai_Iacob
15
EURUSD Time to turn bullish again.The EURUSD pair has almost hit the sell target that we set on last week's analysis (see chart below): This is an update to that idea as the price is now not only approaching the bottom of the 9 month Channel Up but also the 1D MA200 (orange trend-line), having the 1D MA50 (blue trend-line) as a Resistance. Being only a few pips before completing the -4.11% decline of the previous Lower Low correction in May, it is worth booking any sell profit and turn bullish again for the long-term. If you want to wait some more however, the last buy condition will be fulfilled when/ if the 1D RSI hits the 33.00 Support, where it rebounded on both the May 31 and February 24 lows. As far as our target is concerned, we aim at the 0.786 Fibonacci retracement level - Internal Higher Highs Zone at 1.14000. That would also complete +5.50% rise, similar to April's Higher High. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
6
EURUSD - RSI SIGNAL ANALYSISEURO/USD RSI SIGNAL ANALYSIS - Diagonal parallel channel acting as confinement zone for price, good for timing buys/sells and for stops above or below. - Red zones on the chart are oversold levels and green are overbought. RSI OVERSOLD - Can remain oversold for 28 - 30 weeks - Prime time window to buy is from week 26 - 28 RSI OVERBOUGHT - Can remain overbought for 17 - 22 weeks - Prime time window to sell is from week 17 - 22 - An RSI double top pattern has signaled the last overbought tops. You can also clearly see the relevance of the POC Line which price oscillates around or has trouble with breaching. We can observe what happens the next time the RSI is oversold or overbought and maybe we can use these weekly time windows to better gauge a buy or sell opportunity. PUKA
by PukaCharts
EURUSD Close to the best buy opportunity since May.The EURUSD pair is staging the strongest long-term buy opportunity, the kind of which we saw last time on our May 30 bottom buy idea (see chart below): As you can see that was the most optimal Higher Low buy entry inside the (then) Channel Up pattern, a formation which we've modified since into the pattern you see on today's analysis. The price recently failed to close above the 4H MA200 (green trend-line) and eventually broke and closed on Friday below the 1D MA50 (blue trend-line) for the first time since July 05. The downtrend is approaching the bottom (Higher Lows trend-line) of the long-term Channel Up pattern. An ideal technical bottom would be upon the completion of a -4.11% decline (as in May) and (near) test of the 1D MA200 (orange trend-line), which has been untouched since November 30 2022. In any case the R/R ratio is good enough for a buy even now. An additional strong buy indication would be if the 1D RSI hits the 33.00 Support. That was when the bottoms of February 24 and May 31 were formed. Our long-term bullish target is 1.14000, preferably on the 0.786 Fibonacci Channel level or the Internal Higher Highs trend-line. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
3
EURUSD Still bearish but keep an eye on this Inverse H&S.The EURUSD pair got rejected at the top of the Channel Down, which keeps the trend bearish. This is the first bearish formation after our July 10 buy signal (see chart below) that formed the temporary High: As long as it stays below the Channel's Lower Highs trend-line, we will be bearish, targeting 1.08450 (above Support 1). The 4H RSI however is on Higher Lows (Bullish Divergence), so if the price closes a 4H candle above the top of the Channel Down, we expect the completion of an Inverse Head and Shoulders (IH&S) which is a bullish reversal pattern. It's target can be as high as the 2.0 Fibonacci extension, so in that case we will buy and target 1.11500 (just below Resistance 1 and Fib 2.0). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
EURUSD Buy next week. Downtrend not finished.The EURUSD pair is about to form a MACD Bearish Cross on the 1W time-frame, which is the chart that perhaps serves at understanding the current situation better than any other. It's not just the Channel Up pattern since November 2022 that is driving the trend but also the candle action on weekly terms. As you can see after each Channel Up top (Higher High), doesn't just decline by -4.37% on average but it bottoms 3 weeks after the strongest red candle on the Higher High rejection. On the current pull-back sequence, we have had this candle 2 weeks ago so the next one should be the bottom. The next Support is the low of the July 03 1W candle which is 1.08340, so we are sticking with our 1.08450 Sell Target that is not only as close to the bottom (Higher Lows trend-line) of the Channel Up as possible but also above the 1W MA100 (yellow trend-line) that recently supported the pair for 3 weeks in a row (weeks of June 19 to July 03). See how accurate fractal approach is on our EURUSD analysis, as we accurately caught and bought on the pair's last bottom: ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
3
EURUSD New bullish sequence to 1.14000The EURUSD pair is rebounding just before hitting the 4H MA200 (green trend-line), with the 1D RSI printing a similar formation to the January 06 2023 rebound. Within this 8 month Channel Up pattern, the 4H MA200 has been the pivot between bullish and bearish sequences, hence the Support now that we are on a bullish leg. As long as it holds, we are expecting the price to make a Higher High for the Channel Up at 1.14000. If the price breaks below the 4H MA200, we will sell, aiming for a Higher Low near the 1D MA200 (orange trend-line) at 1.08450. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
EURUSD Buy the next 4H MA100 pull-back. Target 1.1400EURUSD gave us last week a very successful buy signal (see chart below) after the 4H Double Bottom: Our long-term Target of 1.11350 has been hit and now we look at the next most efficient level to buy as this is an extension of the long-term Channel Up pattern to form the technical Higher High. As you can see on this chart, this bullish wave resembles those of March 15 - April 30 and November 11 - December 30. The most optimal buy entry after those broke upwards, was as close to the 4H MA100 as possible. Now that the price closed last week above the 1W MA200, every pull-back on the 1D scale is a buy opportunity but sound risk management should be applied. Our Target for August is 1.14000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
EURUSD Started the new bullish leg to the top of the ChannelEURUSD followed the buy recommendation we made more than a month ago on the market bottom (see chart below) precisely on the way to our 1.11350 long term target: The price is now above the 4H MA50 (blue trend-line) with the 4H MA200 (orange trend-line) strongly supporting, having almost caused the Double Bottom of last Thursday. The break-out above the Lower Highs trend-line is similar to the one on June 08 where a minor pull-back for a 4H MA50 re-test, propelled the bullish leg that peaked on a +3.20% rise. A new rise of such magnitude would place the pair at 1.11820, exactly at the top of the multi-month Channel Up and the 1W MA200 (red trend-line), the long sought target for long term buyers. We stick however to our slightly lower target of 1.11350 as the presence of the 1W MA200 may start exerting heavy selling pressure a bit earlier. So it is best to close any long there and wait for a clear confirmation signal for a new long term bullish break-out. Otherwise, we will be ready to sell the rejection and of course we will update our thesis here. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
6
EURUSD Started the bottom phase. Take advantage of this pattern.The EURUSD pair has entered its new bottom phase to price the new Higher Low on the 6 month Channel Up. That has completed the sell continuation we called after the 1D MA100 (green trend-line) broke 3 weeks ago and set a 1.0700 target: The 1D RSI break-out above its MA trend-line, practically confirmed the start of this bottom process. We can't overlook the potential for another Triple Bottom on Lower Lows, the first of which close above the (dashed) Inner Higher Lows trend-line, but EURUSD is now a long-term buy opportunity regardless. On the shorter term you may work within this Megaphone pattern, buying on the Lower Lows trend-line and selling on the Higher Highs, until the price closes a 1D candle above the 1D MA50 (blue trend-line) and enters the second part of this new Bullish Wave. Our long-term bullish target was and remains 1.11350. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
EurUsd could drop to 1.05On Friday's EurUsd market commentary, I've written that the 1.0750-1.0760 zone is strong resistance for the pair and a break above could lead to gains towards 1.0850 and to a change of medium-term downtrend. The pair, indeed reversed from that zone, but what should have been a correction is looking more and more that a resumption of the move started in mid-April. Technically also a bearish move is more likely with this reversal from the 1.0750 zone, a zone that acted as support of resistance in the last year and also as strong support back in 2020. Also, with the price under both 50 MA and 100 MA, a bearish move is more likely. In conclusion, as long as 1.08 is intact, I'm looking to sell rallies.
Short
by Mihai_Iacob
16
A very important resistance for EurUsdTwo days ago I've written that EurUsd could be ready to reverse to the upside, but for confirmation, we need a break of 1.0750 zone resistance. The pair took a dive under 1.07 at first, but this proved to be a false break and now is trading again in this important level o resistance. The recent rally from around 1.0630 is very strong and indicates a bottom is probably in place and more gains could follow. 1.07 zone is again support so, in my opinion, dips towards this level should be bought. 1.0850 is the first resistance and could be the target for buy trades.
Long
by Mihai_Iacob
32
EurUsd- Bottom in place?Yesterday, EurUsd spiked under 1.07 and, after a low at 1.0674, the pair reversed and managed to break back above the falling trend line started at the beginning of the month (we also have a long tailed bullish engulfing on our daily chart). This spike and reversal could very well suggest a bottom in place and EurUsd could be ready for more gains. Confirmation for a bottom comes with the price above 1.0750-1.0760 zone resistance and, in such an instance bulls could expect more gains with 1.0850 as target and negation under yesterday's low.
Long
by Mihai_Iacob
2
EURUSD Has started to turn into a buy opportunityLast week, as well as two weeks ago (see charts below) we called for a sell continuation on EURUSD after the 1D MA100 (green trend-line) broke and called for a 1.0700 target: The target was reached and as you see the price hit the Inner Higher Lows trend-line of the long-term Channel Up, similar to the Low of February 24. At the same time, on a perfect act of symmetry, the 1D RSI also hit the 33.20 level, as on February 24 and is rebounding. The bullish break-out confirmation will come when the 1D RSI closes above its MA. It is not impossible to see a Triple Bottom on a bearish slope (i.e. slightly Lower Low) as on March 15, but the pair is now entering its Buy opportunity stage. Our long-term target is now the top of the Channel Up at 1.11350. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
6