EURCHF Technical Analysis! SELL!
My dear subscribers,
EURCHF looks like it will make a good move, and here are the details:
The market is trading on 0.9402 pivot level.
Bias - Bearish
My Stop Loss - 0.9412
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.9383
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
EUR (Euro)
EURO - Price can leave wedge and decline to support levelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Recently price broke $1.0885 level and continued to decline inside falling channel, where it at once fell to support line.
Then price bounced to resistance line of channel and then declined to $1.0785 level and even broke it.
Price fell to support line, after which made upward impulse, thereby breaking $1.0785 level again and exiting from channel.
Next, Euro entered to wedge, made correction to support line, and then started to grow to resistance level.
A not long time ago, price reached this level, and some time traded near, but soon bounced down.
At the moment, I think EUR can make a rise movement and then fall to $1.0785 support level, exiting from the wedge.
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EUR/USD Starts Tuesday with Optimism Amid Mixed Dollar StrengthThe EUR/USD pair opened Tuesday with a positive sentiment, trading at 1.08230 as of this writing. This follows a shaky start to the week for the US Dollar (USD), which initially showed strength but saw limited momentum as investors opted for caution, especially in the absence of major economic data or fundamental drivers early in the week.
ECB’s Cautious Tone Amid Inflation Progress
On Monday, ECB Vice President Luis de Guindos offered insights into the central bank’s view on inflation, noting that while there has been substantial progress in reducing inflation, it's premature to assume that the battle is over. His statements suggested that the ECB will maintain a flexible stance on monetary policy, leaving room for adjustments depending on economic developments. This cautious, yet open stance by the ECB may lend some support to the euro, as markets interpret the ECB's careful monitoring of inflation as a signal that interest rate hikes could still be in the realm of possibility.
Focus on U.S. JOLTS Job Openings Data
Later in the day, the US Bureau of Labor Statistics will release the JOLTS Job Openings data for September, which may influence USD sentiment. Markets are anticipating job openings to slightly decrease to 7.99 million, from 8.04 million in August. However, should the reading exceed expectations, particularly if it reaches 8.5 million or higher, it could reinforce USD strength as it would indicate continued labor market resilience—a key factor for the Federal Reserve's policy decisions. Conversely, a reading below 7.5 million might dampen USD appeal, as it would suggest cooling in the labor market, potentially leading the Fed to reconsider its tightening pace.
Technical Overview: EUR/USD Positioned Near Demand Zone
From a technical perspective, EUR/USD is showing some resilience around a demand zone, though it isn’t the strongest of support levels. The pair’s recent reaction in this area suggests some buying interest that could offer temporary support. Given this positioning, a long position might be worth considering if the upcoming JOLTS data provides a supportive backdrop by coming in below expectations, potentially weakening the USD.
On the other hand, if the data surprises on the upside, EUR/USD might test lower levels, and the demand zone’s strength could be challenged.
Conclusion
In summary, the EUR/USD outlook today hinges significantly on the JOLTS report, with the euro finding slight support from the ECB's cautious optimism on inflation. A supportive labor report could provide USD strength, but a weaker-than-expected report may favor euro bulls, positioning EUR/USD for further upside near current demand levels. With this dynamic, traders might consider waiting for the JOLTS data before committing to positions, using it as a potential trigger for directionality in this volatile environment.
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EURGBP to attract buyers at market price?EURGBP - 24h expiry
Yesterday's Marabuzo is located at 0.8412.
The primary trend remains bearish.
Preferred trade is to sell into rallies.
Trading has been mixed and volatile.
We look for a temporary move higher.
We look to Sell at 0.8412 (stop at 0.8434)
Our profit targets will be 0.8357 and 0.8347
Resistance: 0.8397 / 0.8420 / 0.8448
Support: 0.8369 / 0.8353 / 0.8340
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EURUSD targeting 1.0500 after the 1W MA100 rejection.Late August (Aug 26, see chart below) saw us emphasizing the critical role of the Lower Highs trend-line, being the top of a multi-year Falling Wedge pattern that started at the peak of the 2008 Housing Crisis, and its important on the long-term trend, with a break-out being bullish while a rejection being bearish:
The price was eventually rejected exactly at the top and at the same time the 1W MA100 (green trend-line), which did the July 2023 rejection. That rejection initiated a correction back to the Symmetrical Support Zone of 2015.
As a result, we expect EURUSD to gradually descend towards that Zone and by mid 2025, hit 1.0500.
Notice also that the 1W RSI also got very close to its 15-year Resistance Zone. This has triggered in the past more brutal sell-offs.
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EUR/CHF BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
EUR/CHF is making a bearish pullback on the 1H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 0.943 level.
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XAUEUR_4Hhello
Analysis of gold against the euro Analysis based on Elliott waves The market is in a downward correction and this correction is the bottom of wave 4 in the long term, for which we are buying the market for the long term. But in the 4-hour and weekly time, the resistance is 2545.5, and by maintaining this resistance, we will fall towards 2440.0
XAU/EUR "Gold Euro" Market Money Heist Plan on Bullish Side.Ola! Ola! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist XAU/EUR "Gold Euro" Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss 🛑 : Recent Swing Low using 2h timeframe
Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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EUR/NZD "EURO vs Kiwi" Bank Money Heist Plan on Bullish Side.Ola! Ola! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist EUR/NZD "EURO vs Kiwi" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss 🛑 : Recent Swing Low using 2h timeframe
Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Stay tuned with me and see you again with another Heist Plan..... 🫂
DXY + EURUSD Analysis (4th Nov 2024)Here is my analysis for the DXY and EURUSD for the edification of a learner.
As we know the US elections are coming up, so we are likely going to see some manipulation and volatility this month. It will be very interesting. I caution anyone to not take high leveraged swing trades during this time unless they are in a gambling mood.
- R2F
Could the price reverse from here?EUR/GBP is rising towards the resistance level which is a pullback resistance that is slightly below the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.8404
Why we like it:
There is a pullback resistance level that is slightly below the 50% Fibonacci retracement.
Stop loss: 0.8448
Why we like it:
There is a pullback resistance level.
Take profit: 0.8347
Why we like it:
there is a pullback support that is slightly below the 61.8% Fibonacci retracement.
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EUR/USD: PAT + VPA 10/02/2024Good afternoon,
Today, my focus will be on identifying long entries for a long position, as we appear to have reached a selling climax.
On the 15-minute time frame, a robust demand zone is evident between 1.0300 and 1.0400. The market has made a significant move towards 1.0300, leaving indications of early buying activity from "Market Makers." A notable reversal occurred on October 1st, followed by the formation of a bullish wedge (which is typically a bearish pattern) that pushed the market below the previous low. Currently, we are beginning to form a triangle on the 15-minute chart, which serves as a critical signal for a potential market reversal, particularly since it has not managed to fill the liquidity above it. This downward movement seems designed to eliminate the remaining sellers and early buyers. Additionally, my strategy, "High Clear," has materialized, suggesting that a liquidity sweep of the recent low was anticipated.
I am now monitoring the fourth leg of the triangle as it approaches the lower congestion line, preparing for a potential breakout with the fifth leg. It is important to note that if a sixth leg forms, it would indicate a continuation of the market trend.
I suspect that the market is attempting to prompt traders to shift to short positions, setting the stage for one final significant rally towards 1.1300. I anticipate that the market could reach this level in the coming weeks, unless we observe the formation of a six-legged triangle.
The Pip Assassin
FX:EURUSD TVC:DXY XETR:DAX
EURCHF - Long from bullish OB !!Hello traders!
‼️ This is my perspective on EURCHF.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. I want price to make a retracement to fill the imbalance lower and then to reject from bullish OB.
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EURUSD 3/11/24This week, our bias on the Euro has shifted from short to long. This change is based on observing a shift in the higher time frame structure, as institutions appear to be showing interest in buying. Whether this move will be short-term or long-term remains to be seen. We’ll watch the price action in the first sessions of the week to get a clearer idea.
Please note, this analysis follows the same principles and bias approach as always. Currently, there are no unmitigated demand areas on the 4-hour chart, and only a short-term supply area has formed. The area of demand we’ve highlighted is present only on the 1-hour chart, making it more of a smaller time frame reference than a higher one. We’ve marked key liquidity levels, which will serve as our reference points for potential upward movement this week.
If the price interacts with the 1-hour demand area, we’ll aim for the high at the top of the current range. While I’m ultimately looking for a longer-term upward move, a pullback beforehand is possible.
Stick to your plan and manage your risk.
EURCHF: Bearish Continuation & Short Signal
EURCHF
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell EURCHF
Entry - 0.9421
Stop - 0.9444
Take - 0.9379
Our Risk - 1%
Start protection of your profits from lower levels
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EUR/NZD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
Bearish trend on EUR/NZD, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 1.796.
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Euro can fall to support level and then start to move upHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price fell to the seller zone, which coincided with the resistance level and at once rebounded up. Price in a short time rose to 1.1210 points and then turned around and started to decline inside the downward channel. In the channel, the price soon broke the 1.1085 level and then fell almost the support line of the channel, after which EUR bounced and continued to decline. Later Euro fell to the support level, which coincided with the support line of the downward channel with the buyer zone. After this, the price continued to decline and soon, broke the 1.0810 level and entered to buyer zone, after which turned around, and some time traded between support level. Last time, the price fell to the buyer zone and then rebounded up, thereby breaking the 1.0810 level again, and then exited from the channel too. At the moment, I think that Euro can correct to a support level and then start to grow. For this case, I set my TP at 1.0980 points. Please share this idea with your friends and click Boost 🚀
EURUSD Short term buy inside a Channel Up.EURUSD is trading inside a Channel Up.
The price has falled by -0.55%, same amount as the October 25th-28th pull back.
That was a short term buy opportunity that targeted the 0.786 Fibonacci.
The MA200 (1h) is supporting just below.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 1.08750 (Fibonacci 0.786 level).
Tips:
1. The RSI (1h) is about to turn oversold. That has been the most effective buy signal on the last 3 lows (October 29th, 28th and 23rd).
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Notes:
Past trading plan:
XAUUSD IS BACK !With a little more drawdown today and the beginning of next week, XAUUSD has showed everyone what it was capable of the past few days by reaching such high levels ;
It has to bounce on the double uptrend green limit, then go up and wait a little for the 5th of november ;
on this day markets will go nuts for every asset, so it seems like gold might be going for a big rally to the 2780/90s