DOLLAR index The U.S. Dollar Index (USDX) is a relative measure of the U.S. dollars (USD) strength against a basket of six currencies,
including the Euro, Pound, Yen, Canadian Dollar, Swedish Korner, and Swiss Franc.
The index was created in 1973, but remains useful to this day.
The DXY pair is trading with bearish tone and is expected to head lower towards 103.25 and 102.70
102.70 is a gap support zone
104.30-104.20 could act as resistance
Euro
Euro H1 | Heading into 61.8% Fibonacci resistanceThe Euro (EUR/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop towards our take-profit target.
Entry: 1.08298
Why we like it:
There is a pullback resistance that aligns with the 61.8% Fibonacci retracement level
Stop Loss: 1.08395
Why we like it:
There is a pullback resistance that sits above the 38.2% Fibonacci retracement level
Take Profit: 1.08102
Why we like it:
There is a pullback support level
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.
EURUSD, DOLLAR FALLING??This is a EURO / DOLLAR chart, We are currently neutral in-terms direction bias for this week. Non-Farm Payroll definitely will be the influential factor to our setup.
Setup Breakdown :
WEEKLY
Price is in the Discount in terms of the weekly range and we have seen the first bullish candlestick in the last 5-6 months.
Note : The Premium - Discount zones further left.
Price in the weekly has traded into the Bullish Orderblock and the 2 weeks ago low has been taken out, hence the bullish candlestick for last week's trading.
DAILY
We have a Swing Low After or during a Turtle Soup.
Accumulation and price trading down to a weekly PD Array + taking out stops, makes it more possible to see a AMD Trade .
two large down candles = Orderblock from the weekly, we measured half of the two last down candles and we identified a CE. Below that we have a Balanced Priced Range/ Bullish FVG.
Price inefficiency (notice the latest continuous up candles, well they have created a price inefficiency, Price needs balance. [Hence our speculation of the EU shorting towards our Bullish/ Daily Discount Arrays
We looking to trade towards the Balanced Price Range (BRP) which is inside the Orderblock
SETUP Expectations
Bullish conditions
Price seeks a PD Array to take out the Buy side liquidity laying above, trading to the Weekly Bearish Orderblock .
Thus confirming our AMD
The BRP / +OB / +FVG are our Points of interest, we look to initiate the longs there, just switch to a 15 Minutes or and look for a valid entry between London Killzone / New York Killzone.
There's a high possibility that this is a NFP Setup
We now operating as Proff_InvestsZA, which is actively throughout our social media incase you have questions you wanna ask.
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Forex weekly outlookWeekly outlook TVC:DXY NASDAQ:EU $gu
The #DOLLAR chart does not look clear to me. Last week we had the 1W fvg as DOL and it just worked perfectly.
But the way we have reacted to the 1W fvg suggests we get at least a short term rise on $dxy.
Until we get a decisive close below the 1W +fvg or above the 1D -ifvg, nothing is clear.
I will be patient and start trading from Tuesday. All weekdays look promising since they have high impact TVC:DXY news. Will update again after Monday daily close.
HelenP. I After exiting from wedge, Euro can continue to fallHi folks today I'm prepared for you Euro analytics. If we look at the chart we can see how the price some time ago rebounded from the 1.0750 support level, which coincided with the support zone and started to grow near this level. But some time later price turned around and made an impulse down to the trend line, breaking the 1.0750 level with the support zone. After this, the Euro rebounded from the trend line and started to rise in a wedge, where it rose back to the support level, and soon broke it, after which the price made a retest. Then price some time traded near the support level and later continued to move up to the 1.0830 resistance level, which coincided with the resistance zone. When the price reached this level it at once rebounded and made a little correction, after which EUR made an impulse up to the resistance line of the wedge, breaking the resistance level. But soon price turned around and fell below this level, thereby making a fake breakout of the resistance level. Some the Euro traded near the trend line and even tried to break the 1.0830 level, but failed and recently declined below the trend line, exiting from the wedge and breaking this line. Now, the price trades very close to this line and I expect that the Euro will make retest, after the breakout and then continue to decline. That's why I set my target at the 1.0775 level. If you like my analytics you may support me with your like/comment ❤️
EURO - Price can bounce up to $1.0910, exiting from wedgeHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some time ago price traded near resistance level, which coincided with resistance zone, and later entered to wedge.
In wedge, EUR bounced from resistance line and declined to $1.0780 points, breaking $1.0860 level.
Then EUR tried to rise but failed, making fake breakout of $1.0860 level and declining to support area.
After this, EUR bounced from this area, but soon turned around and fell to support line of wedge, where it started to rise.
In a short time price rose to resistance line of wedge and recently it bounced down to support line.
Now I think it can little fall and then bounce up to $1.0910, exiting from wedge and breaking resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
EURJPY H1 | Potential bullish bounceEUR/JPY could fall towards a pullback support and potentially bounce off this level to rise towards our take-profit target.
Entry: 162.675
Why we like it:
There is a pullback support level
Stop Loss: 162.361
Why we like it:
There is a pullback support that aligns with the 23.6% Fibonacci retracement level
Take Profit: 163.464
Why we like it:
There is a pullback resistance level
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.
EURNZD H1 | Potential bullish reversalEUR/NZD could fall towards a pullback support and potentially bounce off this level to climb higher.
Buy entry is at 1.74501 which is a pullback support.
Stop loss is at 1.74000 which is a level that sits underneath the 127.2% Fibonacci extension level.
Take profit is at 1.75219 which is a pullback resistance that lies underneath the 38.2% Fibonacci retracement level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
EURGBP: Rejection on the 1D MA50. Sell signal.EURGBP is technically bearish on the 1D timeframe (RSI = 37.174, MACD = 0.000, ADX = 32.150) as it is extending the selling since the December 28th 2023 High near the top of the 1 year Channel Down. For the last 3 days it has failed to cross over the 1D MA50, even though it got too close, and a rejection today can start a bearish wave of minimum -1.78%, much like July 11th 2023. Consequently we are short with TP = 0.84250, even though the long-term extension can even be at -4.04% or even the 2.0 Fibonacci level.
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EURUSD 1st hit on the 1D MA50 after a month. Rejection or not?The EURUSD pair hit today the 1D MA50 (blue trend-line) for the first time in almost 1 month (since January 24) and immediately retraced. Will this level provide a full technical rejection? Well at first glance, this is also the top (Lower Highs trend-line) of the nearly 2-month Channel Down. In addition, last time the 1D MA50 was tested (Jan 24) or nearly tested (February 02), it was emphatically rejected.
A similar development took place on the pair's previous long-term correction (July 18 - October 03 2023). After it broke below the 1D MA50, the first counter trend rally was rejected just below it (August 30 2023). That was the start of the Phase 2 of that correction leg, which extended to the 1.136, 1.236, 1.6 and 1.618 Fibonacci extension levels in succession. As long as the 1D candle keeps closing below the 1D MA50, we will remain bearish, targeting Support 2 at 1.06550.
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EURCHF, Buy opportunity...As you can see the price grabbed the previous day's low liquidity and had a bullish reaction.
So we can expect the price to go for a higher target.
Please pay attention: we need LTF confirmation for entry.
💡Wait for the update!
🗓️21/02/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
EURUSD: Bearish MomentumThe EUR/USD pair is currently trading at 1.07306, maneuvering near the lower Bollinger Band in a 4-hour time frame, which often suggests the market could be nearing an oversold condition and might anticipate a corrective move towards the mean, represented by the middle Bollinger Band at 1.07511. The RSI at 44 signifies a bearish momentum, yet not strong enough to indicate an oversold market, which aligns with the MACD that is below the signal line, suggesting bearishness but with a histogram value close to zero, hinting at potential waning of the downward momentum.
The market's current posture, when assessed with the given indicators, seems to lean towards a bearish bias in the short term. However, the proximity of key Fibonacci retracement levels and the lower Bollinger Band could potentially provide support and a platform for a price rebound. This scenario points to a consolidation phase where the pair might fluctuate between these bounds before establishing a clearer direction.
Euro: Testing the Upper Channel LimitGood day, traders.
As we examine the EUR/USD chart, the currency pair is currently navigating the 1.08 level with precision, evidencing minimal movement from the opening. This consolidation reflects a period of equilibrium, with the previous day's trading leaving little in the way of change.
The Bollinger Bands indicate a period of compression, often preceding more definitive price movements. However, with trading volume remaining subdued, there is a clear indication that market participants are adopting a watchful approach, awaiting further signals before committing to a direction.
The RSI is moderately positive, hovering above 60, suggesting a slight tilt in buying pressure, yet it stops short of signaling overextension. In tandem, the SMA mirrors the current price, reinforcing the narrative of a balanced market stance in recent sessions.
In sum, EUR presents a poised market awaiting catalysts for its next significant move. Attention should be directed towards volume fluctuations as a precursor to momentum shifts. As always, prudent analysis and risk management are paramount.
Enjoyed the analysis? Don’t forget to hit like, drop a comment with your thoughts, and share it with your friends.
EURUSD --> bearish trendhello guys...
as I published before:
from my point of view, this pair is bearish!
why?! you can see the ascending channel broke! the price formed a QM pattern twice!
the first QML(1) was touched and if the blue trenline breaks up the QML(2) will be touched too!
you can enter half of the position now and another half on the QML(2)!
The first target is the bottom line of breaking the channel!
______________________
🔴 always do your research.
✎ ✎ If you have any questions, you can write them in the comments below, and I will answer them.
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HelenP. I Euro can rebound from trend line and continue fallHi folks today I'm prepared for you Euro analytics. Some time ago price traded near the resistance level, which coincided with the resistance zone, and later rose to the trend line and then turned around and started to decline. In a short time price declined below the 1.0860 level and a few moments trades below, after which the price backed up to the trend line and then made a strong impulse down to the support level, finally breaking the resistance level. After falling to the support level, which coincided with the support zone, the Euro at once renounced and tried to rise, but failed and made impulse down below the 1.0730 support level, and some time traded below this level. Soon, Euro rose back, higher than the 1.0730 level, making fake breakout, and then continued to move up to the trend line. But after it reached this line, the price bounced and started to fall. For my mind, the Euro will repeat and move up to the trend line and after reaching this line, the price can turn around and continue to decline to the 1.0730 support level. That's why I set my target at this level. If you like my analytics you may support me with your like/comment ❤️
EURGBP - Price can correct to support area and then bounce upHi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊
Some time ago price made downward impulse from resistance level to $0.8555 level, which coincided with support area.
Later GBP started to rise near support line and rose back to $0.8700 level, but then price turned around.
After this, price entered to falling channel, where it soon broke support line and declined to support line of channel.
Then GBP declined lower than $0.8555 level, but in a short time later price turned around and bounced up to this level.
Also, price exited from channel and soon broke $0.8555 level, where now it continues to trades near.
In my mind, British Pound can make correction to support area and then continue to grow to $0.8620
If this post is useful to you, you can support me with like/boost and advice in comments❤️
EURCAD,🟢Is it time to buy?🟢(Details on caption)
Well, The price had a bullish reaction after touching the daily FVG, so I expect a more bullish move in EURCAD.
As the first target, we can define the liquidity pool that formed as an equal high at 1.4573.
The price formed the bearish order block, we should study the price in this zone because it is an important supply zone, if the price breaks this zone we can expect the price to be at a higher price.
If the price stays above the daily bullish FVG, the bearish FVG can be our final target. (1.4780-1.4890)
Euro H1 | Approaching overlap supportThe Euro (EUR/USD) is falling towards an overlap support and could potentially bounce off this level to rise towards our take-profit target.
Entry: 1.08030
Why we like it:
There is an overlap support that aligns with the 23.6% Fibonacci retracement level
Stop Loss: 1.07861
Why we like it:
There is a pullback support that aligns close to the 38.2% Fibonacci retracement level
Take Profit: 1.08289
Why we like it:
There is a pullback resistance level
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.
EURAUD H4 | Potential bullish breakoutEUR/AUD is rising towards a breakout level and could potentially break through this level to climb higher.
Buy entry is at 1.65028 which is a potential breakout level.
Stop loss is at 1.64420 which is a level that sits under a pullback support.
Take profit is at 1.65585 which is a pullback resistance that aligns with the 61.8% Fibonacci retracement level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.