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Pullback

EUR/USD currency pair may be due for a pullbackThe data pertains to the EUR/USD currency pair, which represents the exchange rate between the Euro and the US Dollar. The current price of the pair is 1.08445, with a change of 0.00505 or 0.47% since the last recorded value. The price range for the past month has been between 1.05163 and 1.08588. The Moving Average Convergence Divergence (MACD) line has crossed above its signal line, indicating a potential bullish trend. The financial data also provides other important metrics such as the average true range, the volume-weighted average price, and various pivot points, which can help traders identify potential support and resistance levels. In terms of SEO considerations, it is important to include relevant keywords such as "EUR/USD" and "currency pair" in the analysis to improve search engine ranking. It is also important to use simplified language to make the content more accessible to a wider audience and improve user engagement. Overall, the data suggests that the EUR/USD currency pair may be due for a pullback after reaching overbought territory, but the MACD line crossing above its signal line suggests a potential bullish trend. Traders should keep an eye on key technical levels such as support and resistance levels to make informed trading decisions.
by BorsaMerkezi
NZDCAD, Pullback to an area of value, look for sell entries Price action has pulled back an area of which we saw a strong impulse breaking downward from a strong structure level. Price has now retraced back to this area which we could see a nice sell opportunity. Wait for bearish price action and find an entry thst meets your trading plan. Thanks Trade Safe **If you found this idea helpful in any way, hit the LIKE button and FOLLOW me for more analysis and educational ideas** Share your view by leaving a comment below. I appreciate all the feedback.
Short
by ktlfx
EURNZDEURNZD has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis. In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram. ⚠️ Disclaimer: This is a personal opinion and you are responsible for any trading decisions.
Short
by HamidRamezani1992
NAS100$NAS100USD NFP had the markets in shambles and unclear of direction today 3/10/23. Now that the dust has settle i'm looking for a push to the upside in the coming week. Everyone have a safe and enjoyable weekend. Disclaimer: This is not trade advice. Trading foreign currencies, stocks, indices, etc can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the financial markets, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose!!! Good luck and Happy trading!
OANDA:NAS100USDLong
by DTradesFX2
US30$US30 NFP had the markets in shambles and unclear of direction today 3/10/23. Now that the dust has settle i'm looking for a push to the upside in the coming week. Everyone have a safe and enjoyable weekend. Disclaimer: This is not trade advice. Trading foreign currencies, stocks, indices, etc can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the financial markets, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose!!! Good luck and Happy trading!
CAPITALCOM:US30Long
by DTradesFX2
1
Anticipating CAD/JPY's Bearish Breakout: Technical AnalysisHey, fellow traders! I'm keeping a close eye on CAD/JPY as it looks bearish and could potentially head south. In my technical analysis, I've spotted a trendline and RSI divergence that could indicate slowing momentum, along with a sweet continuation pattern in the price action. If we break the key "support/resistance area," the pair could drop as low as 97.5. That's why I'm planning to wait for a pullback before taking any action in the market. But for those of you who are considering shorting CAD/JPY, keep an eye out for these signals as they could indicate a prime opportunity to make some profits. Overall, it's essential to stay vigilant and monitor the trends and indicators to make informed trading decisions. I hope this analysis helps you in your trading journey. Happy trading!
Short
by natron
ETHUSDT is in accumulation phaseCurrently, the price of ETHUSDT is in a consolidation phase, which means that it is trading in a narrow range, moving sideways without a clear trend. This consolidation phase is occurring above the Demand Zone, which is a price level where there is significant buying pressure from traders and investors. Traders who follow Plancton's Rules, are anticipating the arrival of new liquidity, which could potentially push the price of ETHUSDT higher. However, before that happens, there could be a pullback in the price, which means a temporary decline before the upward trend continues. According to Plancton's Rules, the next potential pullback zone for ETHUSDT could be around 1640. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
11
BTCUSDt is testing the key level!BTCUSDT is testing the daily demand zone, which is a significant support level for the pair. Traders and investors are now waiting for the 4-hour timeframe to flip and retest the previous resistance as new support, according to Plancton’s rules. This could indicate a potential long pullback until the 23600 area. If the price does break above the previous resistance level and holds as new support, this could indicate a bullish trend for the cryptocurrency pair. However, if the price fails to hold as support and falls below the demand zone, this could indicate a short-term downtrend. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
14