Shorting EURUSD we have a gap on dxyI'm looking for this scalp due to a few reasons, dxy has formed a gap which we will continue to fill in my opinion. Although this is only a short term short since we are witnessing a beginning of a structure shift
EUR
Potential bullish rise?EUR/USD has reacted off the support level which is a pullback support that is slightly below the 38.2% Fibonacci retracement and could rise from this level to our take profit.
Entry: 1.1023
Why we like it:
There is a pullback support level that is slightly below the 38.2% Fibonacci retracement.
Stop loss: 1.0955
Why we like it:
There is a pullback support level that is slightly above the 61.8% Fibonacci retracement.
Take profit: 1.1102
Why we like it:
There is a pullback resistance level which is lines up with the 38.2% Fibonacci retracement.
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EUR/USD Faces Renewed Pressure as USD StrengthensThe EUR/USD pair has recently faced renewed downward pressure after reaching year-to-date (YTD) peaks beyond the 1.1200 level. This shift in momentum comes amid a resurgence in buying interest for the US Dollar (USD), which has dampened the pair's ability to sustain its upward trajectory.
Several factors have contributed to the recent rebound in the US Dollar. Mixed data from advanced Purchasing Managers' Indexes (PMIs) in the euro area have weighed against the continuation of the EUR/USD pair's march northward. This economic data suggested that the eurozone's recovery may not be as robust as previously anticipated, adding to the uncertainty surrounding the EUR. Additionally, the European Central Bank (ECB) recently released its Accounts, revealing that policymakers saw no immediate need to lower interest rates last month. However, they warned that a new discussion on the matter could take place in September as high rates continue to impact economic growth in the region.
From a technical perspective, the Euro has reached a strong supply area, as indicated by the EUR futures chart. This zone has acted as a significant barrier to further gains, and the pair’s inability to break above this level suggests the presence of substantial selling pressure. You can observe this technical resistance in the EUR futures chart on TradingView
EUR Futures Chart
Should the price manage to break through this supply zone, the next potential area for a reversal could be around the 1.3800 mark. However, this is contingent on several factors, including the broader economic landscape and the relative strength of the US Dollar.
Looking ahead, the US economy is expected to outperform Europe in the long term, suggesting that any prolonged weakness in the Dollar might be temporary. The stronger economic fundamentals in the US, coupled with potential policy adjustments from the Federal Reserve, could provide additional support for the USD, thereby exerting further pressure on the EUR/USD pair.
In conclusion, while the EUR/USD pair has shown some bullish tendencies in recent weeks, the combination of mixed economic data, technical resistance, and the potential for a stronger US Dollar suggests that the path forward could be challenging. Traders should keep a close eye on upcoming economic releases and central bank communications for further clues on the pair's direction.
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EURUSD Potential DownsidesHey Traders, in the coming week we are monitoring EURUSD for a selling opportunity around 1.10700 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.10700 support and resistance area.
Trade safe, Joe.
EurUsd Sell of the week.I'm going to be selling the Euro, I see a lot of momentum to the downside and this break of structure confirms that for me.
I will post more details of this trade as I go.
Gold to continue bullish?Targeting new ATHs for gold in next few weeks. Two failed attempts to break and hold outside the orderblock. Third break and retest I want to be entered in longs, 1:3RR 1%R, will swing this trade until target is reached.
Plenty news this week with USD. Will be interesting to see what develops. I believe gold wants to climb higher.
Waiting for +300Pip trade in EUR/JPY(09/03/2024)after a long run in the last few weeks, EUR/JPY corrected smoothly and finally gave us to jump in some trades.
if you watch closely the price has reached the daily OB and moved sharply upward, this kind of move has made a CHOCH indicating the overall correction on Daily OB has been ended and the price is likely heading upward.
Our technical view has been shown in the chart.
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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.)
EURGBP Will the Support hold?Great signal out of the EURGBP pair last time we analyzed it (June 25, see chart below), as the price hit and even surpassed our 0.8550 Target:
Following that High, the pair collapsed and is about to test Support 1, which technically is Lower Lows region for the long-term Channel Down. As long as the 1D RSI Higher Lows trend-line holds, we will look for a buy on Support 1 and target the 0.618 Fibonacci extension at 0.8530.
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Heading into 50% Fibonacci resistance?EUR/CHF is rising towards the resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.94637
Why we like it:
There is an overlap resistance level which aligns with the 50% Fibonacci retracement.
Stop loss: 0.95268
Why we like it:
There is a pullback resistance level that lines up with the 78.6% Fibonacci retracement.
Take profit: 0.93756
Why we like it:
There is an overlap support level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Sell EURUSD Bearish FlagThe EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.1060, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.1015
2nd Support – 1.0988
Stop-Loss: To manage risk, place a stop-loss order above 1.1100 This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Bearish drop?The Fiber (EUR/ISD) is rising towards the pivot which acts as a pullback resistance and could reverse to the pullback support level.
Pivot: 1.1109
1st Support: 1.1020
1st Resistance: 1.1195
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 that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Eu scalp Sell!Short Setup on EUR/USD 💥
Checking out this juicy short setup on the EUR/USD 15m chart! 🎯
Short Entry: Below 1.1062
Stop Loss: Above 1.1073
Take Profit: Around 1.1052
Price is bouncing off the 200 SMA, and I’m looking for a drop to the previous support. Let’s see if the bears can take control! 🐻📉
EURUSD Sep. 2, 2024September and we can expect some more action than during lazy summer trading.
All currencies appearing in this post are fictitious.
Any resemblance to real currencies, existing or dead, is purely coincidental.
EURUSD Long-term Sell Signal confirmed.The EURUSD pair confirmed with last week's closing the start of a new bearish sequence as it closed the 1W candle in deep red below even the 1W MA200 (orange trend-line). This established not only the previous High as the top (Higher Highs trend-line) of the 11-month Channel Up but also posted an identical long-term Top sequence as the July 17 2023 weekly candle.
As you can see on both tops a long-term series of red weeks was initiated, both of then stopping on the Higher Lows trend-line of the Channel Up. As a result, our 1.0900 medium-term bearish Target appears to be a modest one as it is where we anticipate the first wave of buyers (Support) on the 1W MA50 (blue trend-line) 1W MA100 (green trend-line) cluster. This may provide a bounce similar to February 12 2024.
As a side-note, notice how the 1W RSI posted a similar rejection - reversal top on the 70.00 overbought barrier, same as July 10 2023.
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Sell EUR/CHF Bearish FlagThe EUR/CHF pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 0.9392, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 0.9327
2nd Support – 0.9290
Stop-Loss: To manage risk, place a stop-loss order above 0.9420. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Bullish bounce?EUR/USD is falling towards the support level which is a pullback support that is slightly below the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.1023
Why we like it:
There is a pullback support level which is slightly below the 38.2% Fibonacci retracement.
Stop loss: 1.0955
Why we like it:
There is a pullback support level that is slightly above the 61.8% Fibonacci retracement.
Take profit: 1.1102
Why we like it:
There is a pullback resistance level that aligns with the 38.2% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bullish rise off overlap support?EUR/AUD has bounced off the pivot which acts as an overlap support and could rise to the 1st resistance which is a pullback resistance.
Pivot: 1.62655
1st Support: 1.61578
1st Resistance: 1.64573
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 that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EURUSD 01/9/24Here we are at the beginning of September, continuing to follow and track the markets as we do with every Sunday markup that we release. This week, we observed a clear bearish movement. As we move into the new week, we have a scenario suggesting that more downside could occur, while also recognizing the liquidity sitting above the highs. It’s important to understand that the probability of a deeper pullback before any bullish continuation, or an overall shift into bearish order flow, is highly likely given the current market conditions. A deeper pullback would mean lower pricing before a new bullish run continues.
In terms of a potential switch to a bearish outlook overall, we’ll be looking for price to pull back and then move lower before continuing in a trending direction, which is technically the opposite of what we have observed currently. This week, you can see the key levels I’m monitoring: we have our larger time frame refined area of demand, and a high that was created within the 4-hour time frame. We’re currently waiting for the low to be established to give us the high and low for our range. However, I’m expecting the price to come lower and interact with the area of demand, or potentially change the overall trend and direction.
Trade safe. Stick to your risk and always follow your plan.
EURAUD to move down side...Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Instead for this week i am bearish on EURAUD, but waiting to see some retracement before shorting. Let's see how the PA plays out this week.
Do check out my recorded video (in trading ideas) 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"! --
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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.
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EurNzd can see continuation this weekHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Looking to short, a break of key level, a big toppish formation.Likely more downside.
Do check out my recorded video (in trading ideas) 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.
*********************************************************************
EURNZD Sell Opportunity EURNZD Shows a nice short opportunity after forming a bear flag, coming down from a strong downtrend, we'll maybe see a retest at previous support
EURCAD trendy breakdown EUR is weak, i expect to retest previous support making a nice short sell opportunity
EUR/USD Technical Analysis: Bearish Reversal Near Key ResistanceAs of the current price of 1.104, the EUR/USD pair continues to exhibit a long-term bearish trend dating back to 2008. The historical chart reveals a clear pattern of price fluctuations within a defined range, oscillating between established support and resistance levels.
Currently, the price is approaching a significant resistance zone. This resistance level represents a historical high, where the price has previously struggled to break through, indicating a potential for lower high history to repeat itself.
Given the proximity to this resistance level, there is a notable opportunity for a bearish move. This is illustrated by the blue arrow on the chart, suggesting that the price may decline towards the designated target area, marked by the blue rectangle.
Do you agree with this analysis?
