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EUR/USD:Technical Analysis Points to Bullish ContinuationEUR/USD Pauses in Holiday Hush: Technical Analysis Points to Bullish Continuation As the last week of 2023 unfolds, the EUR/USD pair finds itself meandering within a narrow range during the early European session on Wednesday. The subdued market activity is characteristic of the holiday season, contributing to a quiet trading session. Currently hovering near 1.1041, the pair exhibits a marginal 0.01% dip for the day. Technical Outlook: Examining the four-hour chart, the positive outlook for the EUR/USD pair remains steadfast. A noteworthy observation is the pair's ability to maintain its position above the key 50 Exponential Moving Averages (EMA). This stability aligns with our previous analysis, where we correctly predicted a target of 1.1065. With this level nearly attained, our analysis prompts a strategic adjustment, moving the take-profit (TP) marker to 1.1100. Holiday Respite and Market Sentiment: As the year draws to a close, the absence of impactful economic events, commonly referred to as "Red news," is expected to contribute to the prevailing market calm. With no significant disruptions anticipated until the new year, market participants may find themselves in a holding pattern, reinforcing the current bias favoring a bullish continuation for the EUR/USD pair. Looking Ahead: The technical indicators and market sentiment suggest a positive trajectory for the EUR/USD pair. Traders and investors, while mindful of the holiday season's potential impact on liquidity and volatility, can find solace in the pair's resilience above the 50 EMA. As we adjust our target to 1.1100, the focus remains on the potential for a bullish continuation into the new year. Our preference Long positions above 1.08600 with targets at 1.11000 & 1.1150 in extension.
Long
by FOREXN1
1
Bearish Outlook on EURUSD ContinuesHi Traders! EURUSD continues its bearish outlook as the market is now in a descending channel. Here are the details: After the double top on the higher timeframe idea (see link below), the market looks to have run out of steam to break the resistance level, which provides additional opportunities for short entries to target the support level at 1.08860. We are now looking for a break and a close below the 20 EMA for a confirmation signal. Preferred Direction: Sell Entry Level: 1.09612 Stop Level: 1.09986 Target Level: 1.08860 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
8
USDJPY: Detailed Structure Analysis 🇺🇸🇯🇵 USDJPY went up as I predicted. Here are the important key structures to watch. Vertical Structures Vertical Resistance 1: Falling trend line Vertical Support 1: Falling trend line Horizontal Structures Support 1: 140.9 - 141.9 area Support 2: 137.2 - 138.1 area Resistance 1: 146.2 - 146.8 area Resistance 2: 148.2 - 148.6 area Resistance 3: 149.6 - 150.4 area Resistance 4: 151.7 - 152.0 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1
GBPCAD Sell/ShortLooking and analyzing over GBPCAD I have analyzed thoroughly we are looking at a potential downtrend for these next few weeks. I have been looking at GC for a while and think it is time to short it all the way down. Please enter with proper risk management when trading and please follow our TV (Trading View) page for more free signals, analysis, and as well posts relating to FX and crypto trading. Thank you. GBPCAD Sell/Short Entry: 1.71711 SL: 1.72282 TP 1: 1.67161 TP 2: 1.65002
Short
by KingTraderFX
13
NZDJPY Under Pressure! SELL! My dear friends, NZDJPY looks like it will make a good move, and here are the details: The market is trading on 91.071 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 90.115 Recommended Stop Loss - 91.533 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1