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EURUSD 12 Apr 2024 W15 - Intraday Analysis This is my Intraday analysis on EURUSD for 12 Apr 2024 W15 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bearish / Continuation INT Bearish 2. Expectations are met for the INT Structure with the Bearish iBOS. Currently price targeting the Weak Swing Low. 3. Price tapped the 4H Demand but as we are in Pro Swing/INT the reaction from this demand will be limited. Price now in a bearish momentum targeting the Weak Swing Low. 15m Chart Analysis 1. Swing Bearish 2. Considered this as Swing due to the Bullish iBOS. With the Swing bearish, expectations is set for bearish continuation. This 15m Supply is the only clear supply for Shorts. 3. Following the 4H Swing, expectation is set to continue bearish and the 15m Swing will hold bearish to fulfill the 4H Swing targets.
by Amr-Sadek
4
Where EURUSD is heading in the upcoming week?After the cpi report yesterday the price has broken its somewhat pretty respectable support according to me and now it seems to be heading towards its daily support near 1.0675. As I have marked the downtrend I think price might even go further down the weekly support but you never know what can happen in forex market so I will take my profits near weekly support areas and wait for a reversal or if the price continues to go further down then I will open a new trade. HOW AM I SURE THAT IT IS A DOWN TREND? I am sure becuase as you can see both of the times price bounced back from the golden level of FIB and when it first happend it made a lower low and now the second time when it bounced back from the golden fib level it has already made a new lower low.
Short
by OMGiTzREALHASSAN
EURUSD Outlook: Support Strength and Potential Upside MomentumAmidst the ever-fluctuating landscape of the foreign exchange market, the EURUSD pair has captured the attention of traders following a notable drop to 1.071 in response to recent economic developments. As I compose this article, the pair finds itself at a critical juncture, supported by a confluence of factors including strong technical support and contrasting economic data releases. At present, the EURUSD pair has established a robust support level, coinciding with the 61.8% Fibonacci retracement level. This convergence of technical indicators underscores the significance of this support area, potentially paving the way for a reversal in price dynamics. Recent economic data releases have added complexity to the market narrative. The Core Producer Price Index (PPI) month-on-month (m/m) report has exerted a negative impact on the US economy, suggesting potential inflationary pressures. Conversely, the Unemployment Claims data has painted a positive picture for the US labor market, indicating resilience and stability. In light of these developments, our analysis suggests a compelling trading idea: a rebound from the support areas. Our viewpoint is anchored in the belief that the EURUSD pair is currently trading within a range-bound environment, presenting an opportunity for a bullish impulse towards higher levels. However, it's essential to approach this trading idea with caution and meticulous planning. While technical indicators and economic data provide valuable insights, market sentiment and geopolitical factors can introduce unexpected volatility. Therefore, risk management is paramount in executing this trading strategy effectively.
Long
by FOREXN1
1
EURUSD - Expecting Further DropRight now, the value of the Euro (EUR) compared to the US Dollar (USD) is low (around 1.0740) as per strong Dollar (USD) considering the following factors: The European Central Bank (ECB) will likely keep interest rates the same this Thursday, but might consider lowering them in June. The US Federal Reserve (Fed) might wait longer to lower interest rates because the US economy is doing well and inflation is higher than expected. This difference in interest rates between the ECB and Fed is making the EUR weaker. Unexpectedly high inflation in the US in March caused people to believe the Fed won't lower rates as soon as they thought. This made the USD even stronger. Investors are waiting to see what the ECB decides about interest rates later today and what other economic data comes out of the US. Overall, our sentiment is still bearish, and we expect some pullback before seeing a further drop in EUR, please see the chart for details.
Short
by financialflagship
EURUSD - Bearish => Bullish 🎯Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📉 As per my last analysis , attached on the chart, EURUSD rejected the upper red circle zone and traded lower. Currently, EURUSD is approaching the lower bound of the red wedge pattern. Moreover, the $1.07 is a strong support. 🏹 Thus, the highlighted red circle with the blue arrow is a strong area to look for buy setups as it is the intersection of the blue support and lower red trendline. 📚 As per my trading style: As #EURUSD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
2
EURUSD 11 Apr 2024 W15 - Intraday Analysis - EU Rate / US PPIThis is my Intraday analysis on EURUSD for 11 Apr 2024 W15 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bearish / Continuation INT Bearish 2. As price formed a Bearish CHoCH before the CPI news, it was a nice signal for INT Structure to continue bearish. Expectations is set to target the Weak INT / Swing Lows. 3. Price tapped the 4H Demand but as we are in Pro Swing/INT the reaction from this demand will be limited. 15m Chart Analysis 1. Swing Bearish Swing Pullback Phase 2. CPI news had a solid push causing a bearish BOS. No HP POI except the 4H Supply with a 15m nested within it. IMO i've doubts that price will pullback to this supply. Expectations is set to continue bearish to fulfill the 4H INT/Swing continuation phase. 3. After a BOS, we expect a pullback. Price is currently within the 4H Demand but no momentum. CHoCH will be the first sign that Swing Pullback maybe starting but be mindful that we are not well positioned within the HTF structure. Following the bearish move would be the optimum decision.
by Amr-Sadek
Potential bullish riseEUR/USD is currently on a support level which is an overlap support level and could reverse from this level to our take profit Entry: 1.07274 Why we like it: There is an overlap support level Stop loss: 1.06957 Why we like it: There is a pullback support level Take profit: 1.07767 Why we like it: There is a pullback resistance level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
EUR/USD to slump again after ECB decision? The EUR/USD plunged after the hotter-than-expected CPI, as traders reevaluated the odds of a Fed rate cut in June. EUR/USD has now perhaps broken out of the range of its significant Simple Moving Averages. Now we might get another pushdown in the lead up to or after the ECB interest rate decision tomorrow. The April 2 swing low of 1.07245 may prove pivotal. The previous session's decline was the biggest single-day decline since March 2023, so it will be interesting to see if this bearishness has been exhausted. The European Central Bank (ECB) is expected to keep rates unchanged but perhaps point towards the start of its own rate cutting cycle in June. ECB officials have already begun discussing this timeline, so tomorrow’s announcement might lack the bite of a CPI print. Instead, traders could look for clues on future ECB policy during Christine Lagarde’s press conference following the rate decision.
by BlackBull_Markets
EUR/USD: Analyzing the Impact of US Nonfarm PayrollsThe recent release of the US Nonfarm Payrolls report for March has sparked significant movements in the EUR/USD currency pair, with implications for traders and investors worldwide. This article provides a comprehensive analysis of the key factors driving these fluctuations and offers insights into potential future trends in the forex market. US Nonfarm Payrolls Report: The US Bureau of Labor Statistics (BLS) stunned markets with its March Nonfarm Payrolls data, which surpassed both estimates and previous readings. With an impressive addition of 303K jobs, the report painted a robust picture of the US employment landscape. Moreover, the decline in the Unemployment Rate to 3.8% further bolstered confidence in the US economy, accompanied by Average Hourly Earnings that met consensus expectations. Eurozone Economic Indicators: In contrast to the strong performance of the US economy, the Eurozone's economic indicators presented a mixed picture. Reports such as Germany's Factory Orders and Retail Sales failed to match the vigor seen in the US labor market. This discrepancy between the two economic powerhouses has exerted downward pressure on the EUR/USD exchange rate. From a technical standpoint, the EUR/USD pair faced significant downward momentum following the release of the US Nonfarm Payrolls report. The pair quickly approached the 1.0800 support level, with further downside potential towards 1.07600. Despite a temporary rebound to 1.08360, the overall outlook suggests a bearish continuation, pending confirmation from upcoming trading sessions. Traders are closely monitoring upcoming economic data releases, particularly US inflation figures and consumer sentiment data. Additionally, the European Central Bank's (ECB) monetary policy meeting will be a pivotal event, shaping market sentiment towards the euro. While some uncertainty lingers, indications point towards a potential bearish trajectory for the EUR/USD pair in the near term. The US Nonfarm Payrolls report for March has triggered significant movements in the EUR/USD exchange rate, highlighting the contrasting economic landscapes between the US and Eurozone. Technical analysis suggests a bearish bias for the pair, with potential downside targets below the 1.0800 support level. Traders are advised to remain vigilant and await confirmation before initiating new positions, particularly in light of upcoming economic events and central bank decisions. ✅ Our previous Winning Idea:
by FOREXN1
1
Buy EURJPY Bullish ChannelThe EUR/JPY pair on the M30 timeframe presents a potential buying opportunity due to the presence of a well-defined bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further gains in the coming minutes or hours. Key Points: Buy Entry: Consider entering a long position (buying) above the broken resistance level of the channel, ideally around 164.75. This offers an entry point close to the perceived shift in momentum. Target Levels: Initial bullish targets lie at the previous resistance levels within the channel, now acting as potential support zones: 165.40: This represents the first level of resistance within the channel. 165.70: This is a further extension of the upside target, based on the height of the recent price movement before the breakout. Stop-Loss: To manage risk, place a stop-loss order below the broken resistance line of the channel, ideally around 164.50. This helps limit potential losses if the price unexpectedly reverses and breaks back downwards. Thank you
Long
by KABHI_FOREX_TRADING
8
EURUSD 10 Apr 2024 W15 - Intraday Analysis - US CPI/FOMC DAY!This is my Intraday analysis on EURUSD for 10 Apr 2024 W15 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bearish / Continuation INT Bearish / Pullback Phase 2. Price reached the INT Structure EQ / Premium and swept the Liq. on the left from the bearish INT Structure Leg and currently close to mitigate the 4H Supply. As the 4H Swing and INT are bearish, expectation is after the pullback to continue bearish. Price had tapped into the Daily Demand zone and showing a reaction from. OF is still bullish a confirmation of bearish continuation will be confirmed with a Bearish ChoCH. 3. After the bearish iBOS, price mitigated the Daily demand and initiated the INT Structure Pullback. 15m Chart Analysis 1. Swing Bullish Internal Bullish Swing Pullback Phase 2. As expected, price reached the Weak Swing High and created a Bullish BOS. After a BOS we expect a pullback. We didn't mitigate a HP/HTF POI. Price will continue bullish till the mitigation of the 4H Supply or Till we have the Bearish iBOS to confirm the Swing Pullback Phase is starting. 3. 15m/4H Demand would be potential for longs once reached after confirmation to continue the bullish swing.
by Amr-Sadek
2
Potential bearish dropEUR/CAD is currently on a resistance level which is a pullback resistance level and could reverse from this level to our take profit Entry: 1.47378 Why we like it: There is a pullback resistance level Stop loss: 1.47789 Why we like it: There is a pullback resistance level Take profit: 1.46630 Why we like it: There is an overlap support level which aligns with the 50% Fibonacci retracement Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
1
Falling towards an overlap support, could it reverse?EURNZD is falling towards a support level which is an overlap support level which aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit Entry: 1.78560 Why we like it: There is an overlap support level which aligns with the 50% Fibonacci retracement. Stop loss: 1.77389 Why we like it: There is an overlap support level which aligns with the 78.6% Fibonacci retracement Take profit: 1.79608 Why we like it: There is a pullback resistance level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
1
Potential bearish dropEURJPY is rising towards a resistance level which is a pullback resistance and could reverse from tis level to our take profit Entry: 165.193 Why we like it: There is a pullback resistance level Stop loss: 165.775 Why we like it: There is a resistance which lines up with the 161.8% Fibonacci extension Take profit: 163.472 Why we like it: There is an overlap support level which aligns with the 61.8% Fibonacci retracement Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
EURCHF: Channel Down top. Sell.EURCHF is approaching the top of the multi year Channel Down pattern with 1D on bullish technicals (RSI = 66.643, MACD = 0.006, ADX = 55.830) but with a weekly chart almost overbought. The 1D RSI has already posted its first LL which suggest an underlying Bearish Divergence. We turn bearish on this pair targeting the 0.5 Fibonacci (TP = 0.9600) like the previous corrective wave did. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
EURUSD 9 Apr 2024 W15 - Intraday AnalysisThis is my Intraday analysis on EURUSD for 8 Apr 2024 W15 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bearish / Continuation INT Bearish / Pullback Phase 2. Price reached the INT Structure EQ / Premium and swept the Liq. on the left from the bearish INT Structure Leg and currently close to mitigate the 4H Supply. As the 4H Swing and INT are bearish, expectation is after the pullback to continue bearish. Price had tapped into the Daily Demand zone and showing a reaction from. OF is still bullish a confirmation of bearish continuation will be confirmed with a Bearish ChoCH. 3. After the bearish iBOS, price mitigated the Daily demand and initiated the INT Structure Pullback. 15m Chart Analysis 1. Swing Bullish Internal Bullish Swing Pullback Phase 2. As expected, price reached the Weak Swing High and created a Bullish BOS. After a BOS we expect a pullback. We didn't mitigate a HP/HTF POI. Price will continue bullish till the mitigation of the 4H Supply Till we have the Bearish iBOS to confirm the Swing Pullback Phase is starting. 3. 15m/4H Demand would be potential for longs once reached after confirmation to continue the bullish swing.
by Amr-Sadek