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Eurodollar

1.0633 and 1.0645 Eurusd. Clear Market StructureWe had Buyers use data to grab lower prices at 1.06. Time will tell if this is accurate. If we maintain market structure, In the short term, I see no reason why we could not touch 1.0645. I concluded this from previous daily close. 1Hr and 4hr candle closures must respect 1.06230 1Hr Zone. Price Currently is at 1.06237. Though considering price gapped down over the weekend by -.1% ,, it does not erase last daily candle closure. Bullish 36 Pip Body Candle. Idk seems sus considering previous bearish engulfing. We'll see. Riding Intraday Moves on EU requires flexibility.
Long
by ShrewdCatfx
1
EUR/USD -5/3/2023-• EUR/USD short term trend is neutral to bearish • Long term trend bullish and intact as long as we are still above 200 MA • Following strong rally, sellers broke the ascending trend line and are now trading inside a descending parallel channel • Descending channel looks like a flag, a continuation pattern • Meaning, most probably buyers will break above it and resume the up trend • The pair is in correction mode, the drop stalled at the 38.2% • Next resistance: R1: 1.0730 R2: 1.1030
Long
by RamziAbouAbdallah-CMT
2
EURUSD: Why I Expect 10% INCREASEHi Traders, Investors and Speculators of the Charts 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. If you're interested in the EURUSD Forex market, this update is for you. There's an interesting pattern playing out for possibly the third time on the 3D chart. When using the Moving Averages together with trend line analysis and support zone / resistance zone analysis, it seems most reasonable to expect and increase from this point above the 200 day Moving Average, which is the purple line. HOWEVER- if the price fails to capture the 200d MA again and falls under the orange (100d MA), this pattern would not hold true. Interested in Ethereum ? Check out this idea: _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
16
Euro can break support level and continue to declineHello traders, I want share with you my opinion about Euro. By observed on the graph, we can see how the Euro moves in a downward trend. Moving down, the price broke through the support area, which became the resistance area. You can also see how the price retested the resistance area and bounced back. Currently, the price is close to the support level and may continue to decline and break through it. I think the price may continue to fall and reach the buyer zone. So I decided to set two targets for Gold at level 1.0565 and in the buyer zone 1.0485-1.0515. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
4
Eurusd could push further into Daily Zone at 1.07 Before SellersManufacturing data as anticpated, or missed slightly. Causing an initial decline in the EU Price. We are looking to close above 1.0657 on the 4hr for Buyers. Then I can observe it being possible for us to touch 1.07 and push deeper into the daily zone before we see sellers take over or range. If the Daily Candle closes like this, we will see a solid body candle.. and at the leasst expect a top wick on the next daily candle. Which, would be a nice intraday-move up.
Long
by ShrewdCatfx
EURNZD Things can change in a weekIt’s amazing how things can change in a week. Last week I was looking to buy EURNZD around 1.69450. The deeper retracment trade would have given me an a 1:2 risk to reward trade. This morning price made a new high. After updating my chart( just adding a note there has been a new high(1.70615)so now I can focus on a new buy entry price) I have another chance to trade a 1 to 2.27 risk to reward trade based on the daily timeframe. I also have an opportunity to grab more pips on a lower timeframe. Keeping it simple When price is in an uptrend(bull volatile as this one) it’s best to not switch strategies. Trade what’s working. I’m trading my TMP strategy using a Fibonacci to help me get more than a 1:2 risk to reward. That’s it. No indicators. No trend lines. Just price in the form of candlesticks and a Fibonacci tool. Simple. That’s what keeps the market fascinating. You never know when things will change. It’s a beautiful yet chaotic puzzle. Wouldn’t you agree? Today I’ll be live-streaming at 1:00 pm est. I hope you can join me. I’ll see you there. Shaquan
Long
by ShaquanLopez
Rates Obsession - a pro interest rates set-up on TradingView Interest rate pricing has a huge effect across many financial markets at present – the correlation between short-term rates, rates volatility and the USD is certainly evident. However, with such a big window for increased volatility in interest rates pricing, as traders try and price the prospect of a 25bp or 50bp hike at the 22 March FOMC, as well as peak fed funds pricing, could increased pricing result in a big move in the USD and NAS100? In the video, we look at how we can look at the fed funds curve and understand ‘what is priced in’ – we look at how to measure the degree of cuts priced in for a specific period of time, and how to look at implied volatility in bond markets – and, why it is important for FX and index traders? Interest rates and short-term US Treasury bonds are the first derivative and so many markets take their direction from these inputs - hopefully, this gives some understanding of how you can use TradingView more effectively to assess these inputs.
TVC:US05YEducation
by Pepperstone
4
AW Euro Dollar Analysis - Wave 1 Complete - Take Profits...In this video I explain how I got you into this trade, but it was only Wave v. No harm done unless you decided to short at ridiculous levels. Here I help you out once more by explaining what comes next. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research. ***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
Long
by AriasWave
2
EUR/USD Analysis: Potential Continuation of the Bullish TrendSince November 2022, the Euro has exhibited an upward trend against the US Dollar, thus prompting the consideration of purchasing opportunities. Following a decline to the 1.06 price level, which corresponds to a trendline and 0.764 Fibonacci level, demand on the price level has been observed with the formation of a bullish hammer pattern. Furthermore, an underlying bullish divergence in the daily timeframe's Relative Strength Index suggests a potential conclusion to the bearish retracement within the broader bullish trend.
Long
by Sgt_jerxxl
Euro's probable fall to parityThe greenback looks set to add to its gains against the euro after yesterday’s sticky US CPI print. Positive employment data from the euro zone and in line with expectations Q4 GDP prints yesterday also did little to spark confidence in the euro. The euro managed to push the pair above the 61.8% Fibo retracement level, 1.096, from the downward wave following the start of the Fed’s hiking cycle. The dollar has since managed to find its footing which has seen the pair fall back onto this critical level. This rate at 1.096 also coincides satisfyingly with the 50-day MA rate currently at 1.0719. I expect this support level to give way which will allow the dollar to pull the pair onto the zone between the blue 38.2% Fibo retracement rate of 1.044 and the green 50% Fibo retracement rate of 1.046. A break below this level will see the dollar test the pair’s 200-day MA rate currently at 1.032 and deeper into the zone between the green 38.2% Fibo at 1.023 and the blue 50% Fibo at 1.021. I honestly won’t rule out a move back to parity around the end of 1Q2023 and start of 2Q2023 as it coincides with the blue 61.8% Fibo rate and the green 23.6% Fibo. Fundamentally I don’t see much support for the euro unless there is a concrete “Fed pivot”, which is looking unlikely. As the recessionary realities hit the global economy investors will run back to the dollar and higher yielding US bonds which will be dollar positive. Technical indicators: The sell signal on the daily MACD indicator is losing momentum which could allow for a pullback towards 1.080 and 1.090. (This is where my sell limit orders will sit). The daily RSI however still has room to move lower. It’s the weekly indicators which are making me a greenback enthusiast (I’ll leave the weekly chart in the comments). The weekly MACD buy signal is rolling over and looks set to cross to a sell signal and the weekly RSI has already started rolling over from its high of 68.70. The weekly RSI has not been this high since January 2021. The dollar’s deprecation in 4Q2022 was clearly a melt up in investor risk-on sentiment which rode on the back of the supposed “Fed pivot”. The dollar milkshake is very much in play for 2023.
Short
by Goose96
1
AW Euro Dollar Analysis - Bigger Picture Changes Our Target...Another very timely discovery made at the larger degree indicates that this was a fake our wave since October 2022. This provides us with more clues as to how low the Euro will drop and also explains the Bitcoin view. Suddenly things are all lining up with an expected drop in the Stock Market, Cryptos and now the Euro. I don't come to these conclusions all at one but instead I slowly come to these conclusions based on the evidence. The leg lower should extend about the same distance as the move down from January 2021 to the recent low in October. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research. ***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
Short
by AriasWave
AW Euro Dollar Analysis - Short Trade Opportunity...Here is the chart for the video idea linked below. We are trading Wave (C) of Wave A and targeting the .382 Fib retracement area. Stop: 1.07737. Target: 1.04614. Entry: At Market (Agressive) or A break of 1.07086. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research. ***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
Short
by AriasWave
1
AW Euro Dollar Analysis - Wave A of Wave II in Progress...If you look at Wave 1 and Wave 5 they are similar in length. Everything in between makes sense. After a break from looking at this, it didn't take long to see this pattern for what it is once I looked again. At the lows you can see the expansion that occurred in both Wave 2's therefore explaining the way this topped due to alternation in the Wave 4's at the highs. It now looks like a complete 5-Wave Move which means we are not very far from seeing this trend continue higher. The Euro will now correct in Wave II which could take a little while, but it also depends on whether or not this correction expands. Seeing as though the Dow Jones, Oil and Bitcoin are expected to side lower it's probable that price remains within this range. I will provide updates as I see the patterns evolve. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research. ***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
by AriasWave
1