The EUR/CHF pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around...
EURNZD - 24h expiry Short term bias has turned positive. Mixed but positive price action has resulted in consecutive, narrow-ranged, sideways trading days. We look to buy dips. 50 4hour EMA is at 1.7932. Our outlook is bullish. The sequence for trading is higher highs and lows. We look to Buy at 1.7940 (stop at 1.7880) Our profit targets will be 1.8090...
EUR/USD Technical Analysis: Current Outlook: EUR/USD is currently consolidating around the pivot level of 1.1000, with a potential bullish scenario on the horizon, especially with today’s anticipated inflation data, which is expected to show a weakening USD with a CPI result of around 2.5%. This could drive EUR/USD higher in the near term. Best Scenario : A...
The EURUSD pair rebounded on Friday on its 4H MA50 (blue trend-line) and today the price is testing the top (Lower Highs trend-line) of the 3-week Channel Down pattern. This presents an strong sell opportunity on an excellent Risk/Reward ratio and the upside is limited to the top but the downside having much room to drop to the bottom of the Channel. The previous...
EUR/USD Kicks Off the Week on a Positive Note Ahead of Crucial Fed Decision The EUR/USD pair began the week with positive momentum, hovering around the 1.1000 mark ahead of the London session on Monday. Investors are keeping a close eye on the upcoming US Federal Reserve (Fed) policy decision, which is expected to have a significant impact on the market later...
EUR/NOK is falling towards the pivot which has been acts as an overlap support and could bounce to the 1st resistance which has been identified as a pullback resistance. Pivot: 11.74385 1st Support: 11.65492 1st Resistance: 11.88554 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can...
Starting this week as always with EUR/USD, we saw a drop as we predicted last week, clearing liquidity and taking out the last major low. However, we haven’t hit our area of demand, meaning this area is still in play, as shown on our chart. A new area of demand has formed, and there is liquidity below the low from which this new zone has emerged. Based on the...
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A few moments ago price entered to wedge, where it at once bounced from resistance line and fell to support line. Then price bounced up from this line and rose higher than $1.0900 level, after which reached resistance line of wedge. Next, EUR corrected, after...
Return and fill into the reversion zone range is expected. Reversion zone range: 1.10801 - 1.10625 Key Resistance level: 1.10921 Key Support level: 1.10167 ⚠️ Reversion Zone is an area on the chart where the price often returns after deviating. Some zones will be covered by nearby candlesticks, while others may take more time. Also the zone may never be...
On Thursday, the EUR/USD saw a rally as the US Dollar (Greenback) weakened, providing support to the euro's upward momentum. However, despite this rally, the pair now enters a critical phase of rejection as it approaches a key supply area, which has previously acted as resistance. This supply zone could trigger a potential pullback in the coming sessions,...
EUR/CHF is reacting on the resistance level which is an overlap resistance that align with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.94293 Why we like it: There is an overlap resistance level that aligns with the 50% Fibonacci retracement. Stop loss: 0.94920 Why we like it: There is an overlap resistance level...
The Fiber (EUR/USD) is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support level which acts as an overlap support. Pivot: 1.1104 1st Support: 1.1037 1st Resistance: 1.1153 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can...
Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.0550 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching trend at 1.0550 resistance area. Trade safe, Joe.
The EURCAD pair is trading on the 1D MA50 (blue trend-line) within the 10-month Channel Up. The previous time we had a peak rejection like this, the pair declined by at least -3.88%. The similarities even between the 1D RSI fractals are obvious. Our Target is 1.46550. ------------------------------------------------------------------------------- ** Please LIKE...
EUR/USD has reacted off the support level which is an overlap support and could drop from this level to our take profit. Entry: 1.1025 Why we like it: There is an overlap support level. Stop loss: 1.1071 Why we like it: There is an overlap resistance level that is slightly below the 50% Fibonacci retracement. Take profit: 1.0956 Why we like it: There is a...
EUR/JPY has reacted off the pivot which has been identified as a pullback support and could rise to the overlap resistance. Pivot: 155.90 1st Support: 153.30 1st Resistance: 159.41 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be...
EUR/AUD is falling towards the pivot which acts as an overlap support and could bounce to the 1st resistance. Pivot: 1.64591 1st Support: 1.63587 1st Resistance: 1.66207 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for...
After conducting an analysis on EURPLN, we are excited to present our trade setup. This opportunity boasts a favorable risk/reward ratio, although it does require patience due to a longer waiting period. Nevertheless, swing traders may find this setup intriguing and worth considering.