EURUSD | Is The EURO Correcting or Changing The Trend Direction?EURUSD | Is The EURO Correcting or Changing The Trend Direction?
Over the last months, we have seen the EURO move only down without stopping at all.
During this month we also saw the price breking down sharply at the parity price level.
As we can see for the ECB, it was not a big deal that the EURO moved below 1 EUR=1 USD.
Maybe that's what they want to do now?
How might this affect the economy?
From a technical point of view, the price is testing a strong support zone that could push the price back down near the bottom.
Once the price breaks above 0.9880, the next challenge it will face will be near the parity price level. It will be another interesting and very risky week for all traders.
So keep the risk small and under control.
Thanks and good luck!
Forexforecast
Audcad selling Opportunity 🔔 AUDCAD UPDATE🔔
Sell Audcad
Forth call/entry
Swing Trade call 📣
Price @ 0.88950
SL @ 0.89250 (30pips)
Tp1 @ 0.88260 (80pips)
Tp2 @ 0.87260 (170pips)
Pip rr-----> 1:5rr
Trade with caution ⚠️ DYOR Don't risk more than you can afford to loose.
Am not a financial adviser. Trading is reactive and not predictive, so am reacting to change of market structures and sharing my expectations in the market environment!
Good luck...
TradewithSkipo_OfficialFX💙✊💙
💵British Pound/Australian Dollar💵@Regular Contracting TriangleBritish Pound made Regular Contracting Triangle , and it was able to break the lower line of this triangle, and now it is completing the Pullback . I expect that the Pound will go DOWN at least to 1.58 AUD .
🔅 British Pound/Australian Dollar Analyze ( GBPAUD ) Timeframe 2Weeks ⏰
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
💵U.S.Dollar/Canadian Dollar 💵Analyze (update) !!!U.S.Dollar/ Canadian Dollar is running near the Resistance line & Resistance zone, Also, it completed its microwave 5.
I expect that U.S.Dollar/ Canadian Dollar will go down at least to the Support zone.
🔅U.S.Dollar/ Canadian Dollar Analyze ( USDCAD ) Timeframe 4H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
CHFJPY 1hr Sell to 147.008.Market has formed a clear change of move to the downside with a breakout from the ascending channel that was broken, on the lower timeframe(30mins), price has continued to respect the newly formed head and shoulder pattern which is very powerful the market. Looking to sell this pair to the next 147.008.
EURUSD | Will the Fed Increase Interest Rates By 75 bps? EURUSD | Will the Fed Increase Interest Rates By 75 bps?
In my opinion, speculation about the FOMC is getting too high.
Everyone is only focused on CPI data and FOMC data. No one cares about other countries at all and that is not good at all.
The problem is that the market is just speculating and not sensitive to numbers at all.
What I expect is that we may see the FOMC make a normal decision as expected
75 bps but also 50 bps is normal. Afterward, the same news providers will say 50 bps to 75 bps were expected and the EURUSD will rise again....
Another option is that the FED may raise interest rates only by 50 bps as they may not want to show
all weapons at once as they may not have anything to use for the next few months after that.
It is also discussed that the FED will not hold these rates for long.... so it gets more complicated
PS: I am more bullish than bearish on EURUSD at this moment considering that ECB is taking
further steps to support the Eurozone.
Both scenarios are possible from the technical perspective...just positioned yourself where do you feel more comfortable...
also not trading at all is another good option :)
Thank you and Good Luck!
💵Australian Dollar/Japanese Yen 💵Analyze !!!Australian Dollar/Japanese Yen was reversed from the top of the ascending channel by a Shooting 💫Star💫 Candlestick Pattern.
I expect that the Australian Dollar/Japanese Yen will go down to the lower line of ascending channel.
🔅Australian Dollar/Japanese Yen Analyze ( AUDJPY ) Timeframe 1H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
EURUSD : This decline is an opportunityThe decline that occurred in the current EURUSD has returned its price in 2002. As we know since 2008 the trading volume of the EURUSD currency has increased and is getting large at the end of 2014 until now.
the current correction have 2 support levels that are starting to close, namely 0.98622 and 0.84499.
Whether this is an opportunity or a concern, according to #kafein this is a rare opportunity that should be seized. BUY-LONG
💵Euro/Japanese Yen 💵Analyze !!!Euro/Japanese Yen pulled back from the resistance line & EMA 50(Daily TF) by heavy volume Shooting 💫Star💫 Candlestick Patten(It is more valid).
I expect Euro/Japanese Yen goes down at least until the support line. After that, we have to wait for the scenarios that I drew in my chart.
🔅Euro/Japanese Yen Analyze (EURJPY) Timeframe 4H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
💵Swiss Franc/New Zealand Dollar 💵Analyze !!!I expect the Swiss Franc/New Zealand Dollar goes up to my PRZ(Price Reversal Zone) and then reverse from that zone to the support zone.
🔅Swiss Franc/New Zealand Dollar Analyze (CHFNZD) Daily Timeframe ⏰.
🔴Price Reversal Zone (PRZ): 1.7375NZD - 1.7155NZD
🟢Support Zone: 1.6520 NZD - 1.6430 NZD
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.