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EURUSD Testing Strong Support Zone Near 1.0700EURUSD Testing Strong Support Zone Near 1.0700 EURUSD is currently testing a strong support zone near 1.0680 - 1.0700. This area seems poised to push the price up again in the coming days, making it a potential short-term trade opportunity. The US will release the Consumer Price Index (CPI) data on Wednesday, so the market is likely to speculate again. The US Consumer Price Index (YoY) for October is expected to be 2.6% vs 2.4% the previous month. The US Consumer Price Index ex Food & Energy (YoY) for October is expected to remain at 3.3%. EURUSD may test the 1.0750 and 1.0800 levels again. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
2
Lingrid | AUDJPY short from RESISTANCE zone at 101.000 The price made a false breakout of the resistance zone at 102.00, leading to a bearish impulse move. Following this, $FX: AUDJPY declined sharply after testing the upper boundary of the upward channel, where it rebounded. I believe that it will continue to move downward and test the support level, especially considering the long-tailed bar formed on the weekly timeframe, which suggests a potential shift towards lower levels. Moreover, the overall trend is rather sideways, with the price having made a false breakout at the top of the range. Therefore, I anticipate a pullback towards the resistance zone, followed by a bearish move. My goal is the support zone around 96.170 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
1
USDJPY SHORT TARGET 230 PIPSUSDJPY SHORT TARGET 200 PIPS This week we are looking to short USDJPY from 153.500 to 151.209 which is 230 pip target. Election fever should be calming down in the coming week and expecting to see a correction in the USD in the next few days. Trade is base on a few different conditions, I have marked the fake breakout and also the formation of a head and shoulder pattern on the 4 hour chart. Entry criteria Expecting an initial rise to entry before being rejected as per previous rejection at that level. Break and retest is the safest entry method.
Short
by F0rexBorex
EUR/USD Daily Chart Analysis For Week of Nov 8, 2024Technical Analysis and Outlook: The Eurodollar has resumed its downward trend with notable intensity, completing an inner currency dip at 1.075 and stopping just short of the critical support level at 1.068. It is anticipated that the Euro will continue its decline, potentially retesting the completed Inner Currency Dip at 1.060 and reaching the next significant target of 1.054. While this downward movement is of considerable importance, it may also instigate a rebound, guiding prices back to the newly established resistance level at 1.080.
by TradeSelecter
CADJPY Will Go Higher From Support! Long! Please, check our technical outlook for CADJPY. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 109.659. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 111.153 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1