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EURUSD: Overall view Greetings Traders, Key Levels Around 1.0700: Today's R1, Previous Day's S1, March S1, and a strong reversal point all converge around 1.0700, indicating significant levels to monitor. Yellow Bullish Channel: It's imperative to watch for any breaks below the yellow bullish channel, as this could invalidate our current analysis. Take Profit Targets: TPs are set at the bottom of the channel and today's pivot around 1.0665. Upcoming Events: Keep an eye out for surprises in today's retail sales announcement and tomorrow's Federal Reserve Chair Jerome Powell speech, as these could potentially alter market direction or affect optimal entry levels. Short-Term Trading Strategy: Short-term traders may consider taking long trades if the price surpasses 1.0670. Best regards,
Short
by AliSignals
EURUSD - Short Trade IdeaThis is just a "prediction" on what may occur on EURUSD. Price has reversed to the upside since bottoming out on the 2nd of April 2024. This coincides with the US Dollars seasonal tendency. However, I have been bullish dollar and expecting a continuation of lower prices on XXXUSD currencies. Currently, I am waiting for a reversal to occur, preceded by a final fake-out to bait the herd into going long. This would likely happen at a high-impact news driver such as the upcoming CPI or PPI. There is a Hidden Bearish Orderblock on the 4h timeframe, so that currently is my area of interest for this event to happen. Of course, this is all just anticipation. If the sequence of events in time and price do not align, I will just wait on the sidelines for more confirmation in market structure. - R2F
Short
by Road_2_Funded
EURUSD 15 Apr 2024 W16 - Intraday Analysis - US Retail SalesThis is my Intraday analysis on EURUSD for 15 Apr 2024 W16 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bearish Internal Bearish Pullback Phase 2. Swing continuing bearish following the HTF Bearish Trend. Expectations is set for the Swing to stay bearish to fulfill the HTF targets. 3. After a BOS we expect a Pullback. Currently price within the Weekly Demand and at a 4H Demand Zone. Possibly that PB Phase could start from here and the first weak confirmation would be a Bullish CHoCH. Following the HTF targets, there is a high probability that the Bearish OF will hold so shorts are possible for continuation bearish from 4H Supply zones. 15m Chart Analysis 1. Swing Bearish Internal Bullish - Pullback Phase 2. After the Bearish iBOS, price continued bearish till the 4H Demand. With the mitigation of the 4H Demand we formed a Bullish iBOS which confirmed the Swing Low and the initiation of the 15m Swing Pullback Phase. Expectations is set for price to continue bullish to facilitate the PB till a HP 4H Supply Zone. 3. 4H Supply zone for possible Shorts. Be mindful that the 4H supply is having Liq above it so there is a HP that this supply will fail to sweep the Liq above.
by Amr-Sadek
FOREX Pre-Week Analysis by R2F (Monday, 15th April 2024)Hello hello, guys! We have a new week ahead. Here is my analysis for my bias moving forward. For those who are lazy, I am basically bullish on the Dollar and bearish for XXXUSD pairs. But I suggest going through the video as I explain how I came to this bias as well as offer analysis for each of the major Forex pairs. We are in turbulent times, so trade safe out there. Protecting your capital is your NO.1 priority. It is not the time to go turbo mode all-in kamikaze style. - R2F
by Road_2_Funded
Sell EURCAD ECB Interest RateThe EUR/CAD pair on the M30 timeframe presents a potential selling opportunity due to the presence of a well-defined bearish channel pattern. This pattern suggests ongoing selling pressure and a higher likelihood of further declines in the coming minutes or hours. Key Points: Sell Entry: Consider entering a short position (selling) below the broken support level of the channel, ideally around 1.4700. This offers an entry point close to the perceived shift in momentum. Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones: 1.4656: This represents the first level of support within the channel. 1.4628: This is a further extension of the downside target, based on the height of the recent price movement before the breakout. Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the channel, ideally around 1.4720. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you
Short
by KABHI_FOREX_TRADING
3
EURUSD 14/4/24EU here with another pretty clean cut move! As we called from the start of this year we are seeing that new daily low placed into the market here with a clear direction as to what we want to see follow this, iam now looking for a low to confirm, this will require price pulling back to produce a low structure point this will then allow the market to make another deeper push for a new bearish structure to form, the points i am watching for this are the OB that caused the BOS of the major low, this is the first red line shown on our chart (50%) and then we have our higher zone which is a daily order block that we responsible for the structure shift and lower prices in the first place! bearish is the trend and bearish is the bias! Follow what price is showing you and dont count on a pullback! trade safe and trade your plan!
by rosshayes
EURUSD 15-19 Apr 2024 W16 Weekly Analysis - Middle East Tension!This is my Weekly analysis on EURUSD for 5-19 Apr 2024 W16 based on Smart Money Concept (SMC) which includes the following Time Frames: Weekly Daily 4H Economic Events Weekly Chart Analysis 1. Swing Bearish Internal Bearish Reached Swing EQ Swing Continuation (Pro Swing + Pro Internal) 2. After the Bearish iBOS we confirmed that the Swing Pullback is over and we will target the Weak Swing Low. 3. Price had reached the Bearish INT Structure extreme and initiated the Bearish Internal Structure Continuation. Expectation is to continue bearish and target he Weak INT Low. Daily Chart Analysis 1. Swing Bearish INT Bearish Swing Continuation (Pro Swing + Pro Internal) 2. Internal Structure continuing bearish following the Bearish Swing. 3. After the Bearish iBOS we expect a pullback. Currently price is within the Weekly Demand and swept Liq from the left. Price could initiate a PB at anytime or after reaching the Daily Extreme Demand. More price development required. 4. Daily and Weekly demand zones for reactions to fulfill a Pullback Phase. 4H Chart Analysis 1. Swing Bearish Internal Bearish Pullback Phase 2. Swing continuing bearish following the HTF Bearish Trend. Expectations is set for the Swing to stay bearish to fulfill the HTF targets. 3. After a BOS we expect a Pullback. Currently price within the Weekly Demand and at a 4H Demand Zone. Possibly that PB Phase could start from here and the first weak confirmation would be a Bullish CHoCH. Following the HTF targets, there is a high probability that the Bearish OF will hold so shorts are possible for continuation bearish from 4H Supply zones. Economic Events for the Week
by Amr-Sadek
Usd clearly break up, could pullback this weekHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. On the backdrop of the CPI data hinting that inflation is still hot, FED kicked the interest cut ball lower down the street ( later than Jun, i believe). Therefore the strength in USD i guess. Majors capitulated. Watch for some bounce if u want to long pairs like EU GU for a quick run. But likely overall is a short majors for me ( e.g. EU GU) Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
TVC:DXYLong
by Shadowing_The_Big_Boys
HelenP. I Euro can break trend line and rise to resistance levelHi folks today I'm prepared for you Gold analytics. A few moments ago price reached the resistance zone, which coincided with resistance 2, but soon price turned around and in a short time declined to resistance 1, thereby exiting from the 1.0850 - 1.0870 resistance area and starting to trades inside from consolidation. In range, the price at once rebounded from resistance 1 and rose back to the 1.0850 - 1.0870 resistance area, but soon Euro turned around and declined below, making a fake breakout of resistance 2. Price some time traded near this level and later it entered to 1.0850 - 1.0870 resistance area one more time and then it reached the trend line. After this, the Euro rebounded and made a strong impulse down to resistance 1, breaking resistance 2 again and soon price broke resistance 1 too, thereby exiting from consolidation as well. Also then, EUR some time traded in one more resistance area, after which it declined more. For my mind, the Euro will start to move up to the resistance level, thereby breaking the trend line. That's why I set my target at the 1.0725 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
6
EURUSD: Fed Grapples with Surging CPI and NFP FiguresDear Traders, As we gear up for the week ahead, our attention zeroes in on EURUSD, where we anticipate a selling opportunity to manifest around the 1.06600 zone. EURUSD continues its downward trajectory, presently navigating a correction phase as it approaches the pivotal support and resistance area at 1.06600. Delving into the fundamental underpinnings, recent economic indicators paint a picture of USD strength. The latest Non-Farm Payrolls (NFP) data revealed robust job creation, with March recording an impressive increase of 303k jobs compared to the previous month's 212k, surpassing market expectations. This surge in employment underscores the resilience of the US economy. Furthermore, examining the Consumer Price Index (CPI) trend reveals a consistent uptick in inflationary pressures. Over recent months, CPI data has shown a steady climb: Mar 12, 2024: 3.5% Feb 13, 2024: 3.2% Jan 11, 2024: 3.0% Dec 12, 2023: 2.8% Nov 14, 2023: 2.5% This sustained inflationary trend has heightened concerns and could prompt a more hawkish stance from the Federal Reserve as policymakers aim to curb inflation risks by tightening monetary policy. Considering these developments, the Federal Reserve might pivot towards a more hawkish stance in response to the buoyant US economy and escalating inflation. Such a stance could further bolster the US dollar, exerting downward pressure on EURUSD. Therefore, as we monitor EURUSD for a potential selling opportunity around 1.06600, it's imperative to remain vigilant of the numerical metrics and their implications on market sentiment and direction. Wishing you prudent and prosperous trading, Joe
Short
by JoeChampion
EURCAD: Quick short opportunity + bonus for long term.EURCAD marginally turned bearish on its 1D technical outlook (RSI = 44.842, MACD = 0.001, ADX = 27.243) as it hit both the 1D MA50 and 1D MA200 today. That is dead neutral on a 15 month basis as the pair has been on a wide ranged price action since the start of 2023. Currently it sits exactly at the middle of this pattern on the 0.5 Fibonacci level. This gives us the opportunity for a quick short term sell on the HL trendline (TP = 1.45750). The HL trendline has always been crossed downwards these 1.5 years so if we see a crossing under the 0.618 Fibonacci, we will sell again and target the 0.786 Fib (TP = 1.43650). 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
Euro can make small movement down more and then start to growHello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price some days ago entered to triangle, where it at once rebounded from the resistance line, which coincided with the 1.0885 resistance level with the seller zone and in a short time declined to support line of this pattern. After this movement, the price rebounded from this line and started to grow back to the resistance line of the triangle, and when EUR reached this line, and soon exited from the triangle. Then the price broke the 1.0885 level and rose a little higher, but quickly turned around and started to decline inside the downward channel. In the channel, the price broke one more time at 1.0885 level and later fell to the support line of the channel, after which it turned around and rebounded up. Euro exited from the downward channel and soon reached the 1.0885 level again, but at once turned around and made a strong downward impulse to the current resistance level, which coincided with the resistance area. After this, the price also broke this level too and at the moment it continues to decline. In my opinion, the Euro can make a small movement more, after which it turns around and rises to the 1.0700 resistance level, which is my target too. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
2
EUR/USD minor correction(4/12/2024)In our last analysis, EUR/USD FX:EURUSD finally reached our 1.07 target. Right now we believe a minor correction to 1.07 is possible. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
by fortunamarkets