⚫Back in April 2024, the EUR/PLN pair tested the 4.2500 support zone, where a triple bottom was established. Over the past five months, the price has consistently failed to break below this level. Simultaneously, we can identify a resistance area near 4.3750, where a double top was formed, indicating a clear trading range between 4.2500 support and 4.3750...
EUR/CAD is rising towards the resistance level which is an overlap resistance and could reverse from this level to our take profit. Entry: 1.50390 Why we like it: There is an overlap resistance level. Stop loss: 1.50851 Why we like it: There is a pullback resistance level that aligns with the 127.2% Fibonacci extension. Take profit: 1.49595 Why we like...
EURUSD is bearish on its 4H technical outlook (RSI = 33.975, MACD = -0.002, ADX = 38.295) as the 2 week Channel Down is on a bearish wave under the 4H MA50 and just over the 4H MA200. Technically this is already LL region but the bottom might take a while to form, as August 29th - Sep 3rd did, grinding inside a Rectangle. Testing the 1D MA50 inside a new Rectangle...
Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.10400 zone, EURUSD is trading in a down trend and currently is in a correction phase in which it is approaching the trend at 1.10400 support and resistance area. Trade safe, Joe.
Following a recent inner descending channel on the EURUSD we have reached a key support zone where a potential pivot could create a lower high in the overall bull trend and surge the euro back up and out of the current inner channel. With the key resistance zone lying around 1.12000 I can see price pushing to this level before either correcting back in the range...
The EUR/NZD pair on the M30 timeframe presents a potential Buying opportunity due to a recent formation of well-defined channel pattern. This suggests a shift in momentum towards the Upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around the current price of 1.7975, positioned close to the breakout level. This offers an entry...
EUR/JPY is falling towards the pivot and could reverse 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 suitable for all investors, so please ensure...
EUR/NZD is rising towards the pivot which acts as a pullback resistance and could drop to the 1st support which has been identified as a pullback support. Pivot: 1.80689 1st Support: 1.78283 1st Resistance: 1.82383 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....
Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.10600 zone, EURUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.10600 support and resistance zone. Trade safe, Joe.
Bank of America (BofA) is in line with market expectations, predicting that the European Central Bank (ECB) will announce a 25-basis point rate cut in its decision this week. BofA also foresees a modest downside risk for the EUR, driven by a potential dovish shift in the ECB's forward guidance. In the EUR/USD, recent price action saw lower lows and lower highs...
THIS IS MY SETUP FOR EUR AUD I use Fibonacci to get these extreme points and my preferred one is 75% retracement, with a risk-reward of 1:3. Trade carefully This is not financial advice, DYOR.
I see a confirmed Change of Character on EURAUD on a daily. Trading in a global bullish trend, the market successfully violated a minor bearish trend, breaking a significant horizontal resistance. The market will most likely go higher. Next resistance - 1.669 ❤️Please, support my work with like, thank you!❤️
EUR/USD recently reached a key daily resistance zone, facing a strong rejection from that level, signaling potential further downside. The pair also lost the critical support zone below 1.11, consolidating under it for the past week. After this consolidation, EUR/USD has completed a pullback to the critical zone, making it technically ready to fall further. This...
Last week (September 03, see chart below), we called for a major sell on the EURUSD pair as it closed a strong 1W red candle, almost at the top (Higher Highs trend-line) of the 11-month Channel Up: On Friday we got a strong confirmation of this sell signal as it closed in deep red and large wick on top, indicating a reversal of the short-term bounce....
EUR/GBP is rising towards the resistance level which is an overlap resistance that lines up with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.84550 Why we like it: There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement. Stop loss: 0.84913 Why we like it: There is a pullback...
The Fiber (EUR/USD) is rising towards the pivot which has been identified as an overlap resistance and could drop to the 1st support which is an overlap support. Pivot: 1.1111 1st Support: 1.1034 1st Resistance: 1.1157 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....
We just entered a new month, and not just an ordinary month -- It's JULY! And what's special about it? -- and its connection to EUR? Based on 50 year chart history, JULY is EUR's favorite month to 'ascend' so to speak. JULY seems to play an important role for the pair's price behavior. A lot of times, what comes after a correction -- is an upside reversal that...
EURUSD can go up, the RRR is more than 1:2.5 let's catch it. thanks