EURUSD eurusd for long position with head shoulder with rsi divergence batter to put buy stop as my chart analysis
EURUSD trade ideas
EURUSD_1D&1W_SellAnalysis and review of the economy and the Eurodollar chart Elliott wave analysis style Mid-term and long-term time frames The euro is in a downward trend. Trading position is from sell to buy. In the long term, the market has entered a large ABC correction after completing five rising waves, which is currently in wave C. Wave C consists of five downward waves, which is currently on the way down as wave 5. The main resistance and ceiling of wave 4 is 1.06100 The targets and support numbers are 1.04070 and 1.02020 respectively, and the last target and support number is 1.00000.
Euro zone is not in good condition according to data chart conditions
Hellena | EUR/USD (4H): Long to Resistance area 1.06898.Dear Colleagues, I see a continuation of the upward movement in the coming week.
I believe that wave “1” and wave “2” of the higher order have been completed. Wave “2” of the lower order is either already completed or will be completed soon. I expect that either from the current positions or from the area of 1.04850 the price will start an upward movement to the resistance area of 1.06898.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
EURUSD → False breakout of resistance. DowntrendFX:EURUSD is testing resistance in the downtrend phase. The maneuver ends with a false breakout of resistance at 1.0607
On the daily timeframe the price is squeezed between the strong resistance at 1.06011 and the local support at 1.05. So, if the bears keep the defense below the key resistance, the currency pair will continue to fall in the short term. The target in this case may be the area of 1.05 - 1.044.
But, technically, the retest of 1.0607 may provoke a local breakout of the level and the price movement to the channel resistance against which there will also be a high probability of formation of a false breakout.
Resistance levels: 1.0607, 1.965, 1.076
Support levels: 1.0448, 1.0331
Emphasis on resistance. Confirmation of the nearest resistance in the form of price consolidation below the level, if retested, could be a good entry zone. But if resistance is broken, the focus will shift to 1.065 - 1.067
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;)
Regards R. Linda!
EURUSD | Pre ECB CommentsEURUSD has lagged since falling to local lows.
Sideways movement ensued as the dollar rally has paused and dawdled.
Awaiting further sentiment. If nothing major changes, may see sideways continue (warranting light longs).
Any neg sentiment may drag to lows.
EUR/USD ANALYSISIn this analyze we are analyzing 1H time frame to identify that what will be the next move come occurs in EURUSD currency pair. I'm expecting that first price came down and touches our buying zone and than again move in upward direction. Let's wait when price enter into our zone and observed how will price react into our zone.
Always use stoploss for your trade.
Always use proper money management and proper risk to reward ratio.
This is just my analyze or prediction.
#EURUSD 1H Technical Analyze Expected Move.
EURUSD M15You can view my previous analysis here . I predicted a selling opportunity and set a target 67 pips below the current market price. The market reacted well to both levels.
This precision is the result of having a strong strategy and extensive experience in analysis.
Moving forward, no clear buying opportunities are visible yet, and I remain focused on bearish positions. A price rise to 1.0549 could
Euro-dollar on the brink of collapseGreetings to you all, dear Devan.
I hope you support this analysis as always.
The Euro-Dollar is falling in higher time frames like months and weeks, so we expect a further fall.🔥
We are expected to correct upwards in the new trading week and begin the main fall!🩸
Be sure to keep in mind that this post is analytical and only enter the market in specific areas with your own confirmation and trading setup.✔
Good luck and stay tuned💎💲
EURUSD Bullish DirectionEURUSD With Specific Targets.
Current Price 1.05000
Sell Entry Bearish Pattern
1st Target 1.05681
2nd Target 1.05950
This Trade setup Appears to be Focused on The idea EURUSD Reverse to Moving the Down Side.
You Can See more details in the chart.
EURUSD: German Political Issues and An ECB Meeting to ConsiderIt’s only been just under 3 weeks since EURUSD hit two year lows at 1.0331 on November 22nd yet it seems like a lot has happened in that short period, including EURUSD rebounding quite impressively to touch 1.0630 on Friday 6th December.
Now however, that short squeeze from the lows has cooled as the focus shifts to on-going political problems in France and the prospect of a no confidence vote in Germany on the leadership of the current Chancellor Olaf Scholz.
Not only that, tomorrow sees the release of the final ECB interest rate decision of 2024 at 1315 GMT, which is then followed by the ECB press conference led by Madame Lagarde at 1345 GMT. Both events are likely to be critical to the direction of EURUSD moving forward into the end of the year.
The prevailing market consensus points to a 25 basis point (0.25%) interest rate cut from the ECB. However, a smaller number of analysts have suggested the possibility of a 50 basis point (0.50%) adjustment, though this view appears less widespread. Recent commentary from policymakers has shown that there seems to be a split between those wanting to be more proactive cutting interest rates to give the Eurozone economy a much-needed boost, and those who are reluctant to cut rates until they see that EU inflation is fully under control.
The tone of ECB President Lagarde's comments during the press conference could be significant for FX traders. They will likely focus on whether she signals the possibility of further rate cuts during the ECB's first-quarter 2025 meetings or adopts a more cautious stance, emphasizing the need for additional inflation trend data before making decisions.
The Technical Outlook for EURUSD:
November was a negative month for EURUSD, which saw the cross fall from the 1.0935 November 5th high to the 1.0331 November 22nd low, a move of over 5%, as the US election result was digested by markets.
It might be argued, the latest rally from that November monthly downside extreme back to Friday December 6th high at 1.0630, has gone some way to unwind over-extended downside conditions, in place after the sharp decline, back towards a more neutral balanced position, ahead of the ECB.
This may indicate trader uncertainty and a squaring of positions, ahead of such an important news event.
The market's response to the ECB's announcement and President Lagarde's subsequent press conference will be closely monitored, as investors assess the potential implications for the future direction of EURUSD.
So, moving forward what are some potential levels to monitor around the ECB announcement and during the press conference?
EURUSD Support and Resistance Levels:
Support:
To the downside, there is a possible support focus at 1.0444/60, which is a combination of the 61.8% Fibonacci retracement of November/December strength and December 2nd session low.
While there is no guarantee that daily closing breaks of this area will resume what has been a downtrend pattern of lower highs/lower lows since September 25th, closes under this support may see increased selling pressure and further declines towards 1.0331, the November monthly low.
Resistance:
To the upside, there is a possible resistance area marked by 1.0630/37, which equals the December 6th failure high and trendline connection highs dating back to November 18th.
While breaks of similar resistance points have historically led to further price strength, past performance does not guarantee future results. If a break occurs, it could pave the way for further gains toward 1.0772—the 50.0% retracement resistance of the September-November decline. However, this outcome remains contingent on broader price trends.
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EURUSD Market Analysis| Looking Bearish.Hi there,
EURUSD appears bearish on the H1 chart, with two potential targets marked by the green lines, with a bias of 1.03327.
The current low of 1.04936 needs to be broken, or the high of 1.05543 must hold to support the lower high of 1.05378.
Monitoring will therefore be required, and this may take some time.
Happy trading!
K.
EURUSD SELLEURUSD Based on this Frame to sell
Near Price Breakout after the Support Zone 1.04200
If You Enjoy this forcast so Please like and Comments
EUR/USD Clings to Key Support Ahead of Fed DecisionEUR/USD is holding its breath at a significant support level as the Federal Reserve gears up for tomorrow’s interest rate decision. The market is balancing what feels like a finely poised mix: sticky inflation, resilient US economic data, and the risk of overly aggressive policy easing. In short, the market is jittery, and EUR/USD is reflecting that perfectly.
The Technical Picture
Let’s take a step back. After the steady decline through the second half of the year, EUR/USD has spent the past month consolidating near the October 2023 lows. This long-term support level has held firm so far, but the price action is far from convincing.
We’ve already seen two false breakouts recently. At the end of November, there was a fake dip below support, quickly followed by an equally fleeting move above the range earlier this month. These two extremes set the boundaries of the current consolidation phase and tell us one thing—EUR/USD is coiling up, and something’s got to give.
Adding to the tension, the top of the recent range now lines up with the descending trendline that’s defined the pair’s medium-term downtrend. This confluence of technical factors puts EUR/USD in a tight corner just as the Fed is about to weigh in.
EUR/USD Daily Candle Chart
Past performance is not a reliable indicator of future results
Zoomed View: EUR/USD Daily Candle Chart
Past performance is not a reliable indicator of future results
Scenarios to Watch
1. Dovish Cut – The Fed Eases Off the Brakes
If Powell and the team deliver a quarter-point cut and hint at a more accommodative stance next year, EUR/USD could finally catch a bid. A clean break above the descending trendline and recent range highs would signal a shift in momentum, with the 200 day moving average quickly coming into focus as the next area of interest.
2. As-Expected but Cautious – Status Quo for Now
The more likely scenario is a measured quarter-point cut paired with Powell keeping his cards close to his chest. If the Fed reiterates a gradual approach and avoids overpromising future cuts, EUR/USD could stay stuck in its current range. In this case, the October lows remain the line in the sand, with the pair trudging sideways until there’s more clarity.
3. Hawkish Tilt – The Fed Pushes Back
If Powell leans more hawkish—acknowledging the resilience of the US economy and refusing to commit to further easing—EUR/USD could crack. A decisive break below the October lows would clear the way for a fresh leg lower.
Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents.
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EURUSD 15/12/24Starting this week the same way we always do—with our markup on EU. Following last week’s chart, we still maintain our bearish bias. This week, we’re focusing on the highs once again as a potential sell entry zone. As you can see on our chart, all key points are clearly marked, highlighting areas to aim for and areas to sell from.
Last week, we identified a money-out area, and price reacted perfectly to this zone, aligning with our bias as it has consistently for over a month now!
Don’t expect the market to shift its bias unless it provides a very clear reason to do so. For now, we remain patient and wait for potential entry opportunities.
Stick to your plan and always follow your risk management.
EUR/USD: Euro Under Pressure, the Impact of Future Rate cutsThe EUR/USD currency pair began its London session with a promising bullish impulse. Initially, it appeared that the euro was gaining traction as investors showed renewed interest. However, this optimism was short-lived as the European Central Bank (ECB) officials signaled support for further interest rate cuts, leading to a swift reversal of intraday gains.
Market analysts expect the ECB to implement a substantial interest rate reduction of around 100 basis points in the upcoming year. This prospective easing of monetary policy has raised concerns among investors, prompting them to reevaluate their positions in the euro. As the sentiment shifts, market participants are paying close attention to the ECB’s next moves and how they will impact the euro's valuation.
In addition to developments from the ECB, investors are also focused on the Federal Reserve's dot plot, which will provide insights into future interest rate projections in the United States. As the Fed navigates its monetary policy landscape, any signals of tightening could play a significant role in influencing global currency movements, particularly with the euro in the spotlight.
The Current State of the Euro
As I write this article, the euro has surrendered its intraday gains and is trading around the critical psychological level of 1.0490. This decline reflects strong bearish pressure currently weighing on the currency. From a technical analysis perspective, the trends suggest a sustained downturn, raising questions about the euro's ability to regain its footing.
Looking back over the past decade, seasonality data reveals a generally bullish trend for the euro during this period. However, the recent political climate, particularly the election of President Trump, has fortified the DXY’s (U.S. Dollar Index) upward momentum. This unexpected resilience of the dollar adds another layer of complexity to the euro’s outlook.
With a target price established at 1.0350 for the euro, market analysts see potential for further declines. If the euro approaches this level, it could prompt a reaction from traders. However, at this juncture, the sentiment indicates little chance for a significant reversal in direction. The coming weeks will be critical as both European and U.S. economic data continue to unfold, shaping the trajectory of the EUR/USD pair.
In conclusion, while the EUR/USD pair started on a bullish note, the recent signals from the ECB and the prevailing market sentiment point toward a challenging environment for the euro in the short term. Traders will need to navigate carefully as they weigh the implications of interest rate cuts and geopolitical developments in their strategies.
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Lingrid | EURUSD in CONSOLIDATION zoneFX:EURUSD bounced off a support level, influenced by a day of significant news regarding the Euro. Overall, the market is in a consolidation phase as we approach the end of the year. It appears likely that the market will remain within last week's trading range. However, if we see a rejection signal at the support level and the downward trendline, we could expect a potential upward movement. This would suggest that the market may oscillate between the highs and lows of the consolidation zone. I anticipate the market will rise since the price has broken out of the falling wedge pattern. My goal is resistance zone around 1.05620
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
How to Build a Forex Trading Indicator How to Build a Forex Trading Indicator
In the dynamic world of financial trading, understanding how to build a trading indicator is a valuable skill. This article is designed to navigate you through the essential steps of creating your own trading indicators, offering a blend of technical and practical insights to potentially enhance your market analysis and trading decisions.
Understanding Trading Indicators
Trading indicators are essential tools in analysing financial markets, offering traders valuable insights into market trends and potential trading opportunities. These mathematical calculations are applied to various market data points like price, volume, and sometimes open interest. In forex trading, indicators play a crucial role in analysing currency pair movements.
There are several types of indicators, each serving a specific purpose:
- Trend indicators help identify the direction of market movements.
- Momentum indicators gauge the speed of these movements.
- Volume indicators look at trading volumes to understand market strength.
- Volatility indicators provide insight into the stability or instability of currency prices.
While there are hundreds of indicators to choose from, some traders choose to develop their own based on their unique market observations.
Basic Components of a Trading Indicator
The core components of a trading indicator are price, volume, and time. These elements are fundamental in analysing market data and building various tools.
- Price: The most critical component, price, is used in almost every trading indicator. It includes open, high, low, and close prices of trading instruments. Price data is essential for constructing trend-following tools like moving averages and oscillators like the Stochastic RSI.
- Volume: Volume indicates the number of contracts traded in a given period. It provides insights into the strength or weakness of a market move. Volume-based tools, like the Volume Oscillator or On-Balance Volume (OBV), help traders understand the intensity behind price movements.
- Time: Indicators use time periods to analyse market trends. This could be short-term (minutes, hours), medium-term (days, weeks), or long-term (months, years). Time frames influence the sensitivity of an indicator, with shorter periods typically offering more signals.
Choosing the Right Data and Tools
Selecting appropriate data and tools is a critical step in building effective trading indicators. For data, accuracy and relevance are paramount. Traders typically use historical price data alongside volume data.
For tools, traders consider user-friendly platforms that offer robust functionality for creating and testing tools. Platforms like TradingView and MetaTrader offer extensive libraries and community support, facilitating the development of customised indicators.
Additionally, programming languages like Python, C# and R, known for their data analysis capabilities, can be powerful tools for creating more complex indicators. FXOpen’s TickTrader, for instance, supports custom C#-based indicators and offers powerful backtesting tools.
How to Build a Trading Indicator: A Step-by-Step Walkthrough
Developing an indicator involves several key steps, each crucial to ensure the final tool is effective and aligns with your trading strategy.
1. Define the Objective
Begin by clearly defining what you want your tool to achieve. Is it to identify trends, pinpoint entry and exit points, or gauge market volatility? Your objective will guide the type of indicator you develop, such as trend-following, momentum, or volatility-based.
2. Select the Formula
Choose or develop a mathematical formula that your tool will use. This could be a simple moving average, a complex algorithm involving multiple data points, or something entirely unique. The formula should reflect the market phenomena you aim to capture.
3. Coding the Indicator
Translate your formula into code. If using platforms like TradingView, MetaTrader or TickTrader, their scripting languages (Pine Script for TradingView, MQL4/5 for MetaTrader, C# for TickTrader) are designed for this purpose. Ensure the code is clean, well-documented, and easily adjustable.
4. Incorporate Visualisation
Decide how the indicator will visually appear on the chart or in a separate window. This could be in the form of lines, bars, dots, or other graphical representations. The visual aspect should make it easy to interpret signals at a glance.
5. Backtesting
Before applying your indicator in live trading, it’s crucial to backtest it using historical data. This topic is expanded on below.
Testing and Refining Your Indicator
Testing and refining your trading indicator is a critical phase in its development, ensuring its potential effectiveness and reliability in real market conditions.
- Backtesting: This is the process of testing your indicator against historical data. Backtesting helps evaluate how it would’ve performed in different market scenarios, revealing its strengths and weaknesses. It's essential to test over various time frames and market conditions to ensure robustness.
- Analysing Results: Assess the indicator's accuracy, consistency, and responsiveness to market changes. Look for patterns in its performance, such as frequent false signals or lag in response to price movements.
- Refinement: Based on the backtesting results, refine your indicator. This could involve tweaking the formula, adjusting parameters like time periods or thresholds, or enhancing the visualisation for clearer signals.
- Forward Testing: After adjustments, conduct forward testing in a simulated or live trading environment with real-time data. This helps verify its performance in current market conditions.
Remember, no indicator is perfect; the goal is to develop a tool that consistently aids in your trading outcomes.
The Bottom Line
The journey of building an indicator is both challenging and rewarding. From selecting the right data and tools to carefully coding and testing your creation, each step plays a vital role in crafting an effective aid for trading decisions. For those looking to integrate their custom indicators into a professional trading environment, opening an FXOpen account offers the opportunity to leverage your unique tools in the dynamic TickTrader platform.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
EUR/USD Bearish Divergence Setup with RSI Double Top ConfirmatioAnalysis Overview:
I am analyzing the EUR/USD pair across the 1-hour and 15-minute timeframes for a potential bearish reversal setup. The primary focus is on identifying bearish divergence between price and the RSI.
Key Observations:
1-Hour Chart (H1):
The price is currently approaching a key resistance zone around 1.0540 - 1.0573, as indicated by previous highs.
I am observing that while the price continues to climb, the RSI is nearing overbought levels, which often signals exhaustion.
15-Minute Chart (M15):
I am monitoring for a possible RSI double top while the price continues to make higher highs.
If the RSI fails to break above its previous peak, this could confirm a bearish divergence and signal a potential change in price direction.
Trading Plan:
Confirmation Trigger: I will wait for the RSI to form a clear double top pattern on the M15 chart, while the price continues to push higher, creating divergence.
Entry: A bearish signal will confirm entry near the resistance zone (1.0540 - 1.0573).
Stop Loss: Above the resistance zone at 1.0573.
Take Profit: Targeting the next support area around 1.0485.
The setup focuses on bearish divergence between the RSI and price action. If the RSI confirms a double top while price reaches resistance, this would strengthen the case for a reversal and a potential short trade.
Monitoring the M15 chart for confirmation will ensure precision in entry timing.
Welcome to my EUR/USD analysis for today.The EUR/USD pair is trading around 1.05028, trading within the downtrend channel and below 2/8 Murray.
Technically, the euro is under bearish pressure and is expected to trade below the psychological level of 1.0500 in the next few hours.
The EUR/USD pair is one of the most traded currency pairs in the world, representing the value of the euro against the US dollar.
As the global economy continues to navigate through uncertain times, it is essential to keep a close eye on this currency pair.
In this article, i will delve into an in-depth analysis of the EUR/USD pair, provide the latest updates, and explore possible future trends.
The EUR/USD pair has been on a rollercoaster ride in recent months, and today is no exception.
Currently, the pair is trading at 1.04596, down 0.83% from the previous day's close.
On the other hand, the US dollar has been gaining strength due to its safe-haven status amidst the global uncertainties.
Despite today's minor setback, many experts believe that the EUR/USD pair is poised for a bullish run in the coming days.
The European Central Bank (ECB) has maintained a dovish stance, signaling a potential increase in stimulus measures to support the economy.
This could weaken the euro in the short-term, but in the long run, it could lead to a recovery as the economy picks up.
In contrast, the US Federal Reserve has recently announced a shift in its inflation targeting strategy, which could weaken the US dollar.
The fed has indicated that it will allow inflation to run slightly above its target of 2% for some time before considering a rate hike.
This move could potentially lead to a weaker dollar, which could benefit the EUR/USD pair.
Technical analysis also supports a bullish trend for the EUR/USD pair.
The pair has been trading above the 1.04554 level, which is a significant support level.
If the pair manages to break above the 1.06051 resistance level, it could open the door for a potential rally towards the 1.06843 and 1.08010 psychological level.
As traders, it is crucial to keep a close watch on key economic events that could impact the EUR/USD pair's performance.
In conclusion, the EUR/USD pair is worth watching closely today.
While recent economic data and short-term market trends may suggest a bearish outlook, many factors point towards a potential bullish run in the future.
As always, it is essential to stay updated, monitor key economic events, and make informed trading decisions.
I hope this analysis has provided valuable insights for your trading strategy.
Happy trading?
EURUSDWe looking for buying opportunities as the market has broken outside the falling descending wedge and also there is an inverse head and shoulders which is a reversal pattern resulting buys to the upside| 30 MINUTES TIME FRAME
EURUSD-BEARISH IDEAeurusd seems to be in bear trend as it's making LL and LH's wait for its strong support to break for the entry.
