Bullish bounce?EUR/USD is falling towards the support level which is a pullback support and could bounce from this level to our take profit.
Entry: 1.0456
Why we like it:
There is a pullback support level.
Stop loss: 1.0401
Why we like it:
There is a pullback support level.
Take profit: 1.0527
Why we like it:
There is an overlap resistance level.
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EUR
EURUSD to make a bullish breakout after the Fed.On Wednesday the Fed will announce the new rate and the anticipation of this event largely explains the recent consolidation of EURUSD.
Since the November 22nd bottom, it has turned sideways around the MA50 (4h), failing to cross above the MA200 (4h), which is the main Resistance of the bearish wave since October 1st.
The July-October 2023 bearish wave was under a similar consolidation but eventually broke to the upside and hit the 0.618 Fibonacci level.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 1.08700 (the 0.618 Fibonacci level).
Tips:
1. The RSI (4h) has been rising inside a Channel Up, which is a bullish divergence also very much like the October 2023 bottom.
Please like, follow and comment!!
EURUSD: Short-term trade Before Retail SalesHello Traders,
Due to longer term Bearish Trend in the pair I'm more with the Red Path, However, we have to follow the market!
Any Breaks below the channel and 1.0500, may head the price to 1.0468.
Any Breaks over the zone, could make us see the 1.0577.
We should close our trader before Retail Sales release on Tuesday.
Bearish drop off overlap resistance?EUR/JPY is reacting off the pivot which acts as an overlap resistance and could drop to the 1st support which has been identified as a pullback support.
Pivot: 162.12
1st Support: 160.34
1st Resistance: 164.02
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.
Bullish bounce?EUR/GBP is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which is a pullback resistance.
Pivot: 0.8268
1st Support: 0.8224
1st Resistance: 0.8325
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.
Bullish bounce off 50% Fibonacci support?EUR/GBP is falling towards the support level which is a pullback support that lines up with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.8269
Why we like it:
There is a pullback support level that lines up with the 50% Fibonacci retracement.
Stop loss: 0.8223
Why we like it:
There is a pullback support level.
Take profit: 0.8329
Why we like it:
There is an overlap resistance level.
Enjoying your TradingView experience? Review us!
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 Bottom formation in progress. Strong Buy.The EURUSD pair has been trading within a nearly 2-year Channel Down. Being below the 1D MA50 (blue trend-line) since October 02 2024, this is technically still the pattern's Bearish Leg.
However, having bottomed on November 22 and transitioned into a (dotted) Channel Up, this is the technical bottom formation of the long-term Channel Down and the rise following a 1D MACD Bullish Cross from such a low level (the lowest in 2 years), confirms that.
The similarities with both previous bottom formations (September - October 2023 and February - March 2023) are obvious, all of them triple bottomed before rebounding above the 0.786 Fibonacci retracement level.
As a result, buying now and targeting 1.08765 (Fib 0.618) is an excellent long-term trade in terms of R/R.
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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.
Bearish drop?EUR/USD is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could drop from this level to our take profit.
Entry: 1.0543
Why we like it:
There is an overlap resistance level that aligns with the 61.8% Fibonacci retracement.
Stop loss: 1.0589
Why we like it:
There is a pullback resistance level.
Take profit: 1.0470
Why we like it:
There is a pullback support level.
Enjoying your TradingView experience? Review us!
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.
EURJPY Potential DownsidesHey Traders, in today's trading session we are monitoring EURJPY for a selling opportunity around 162.300 zone, EURJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 162.300 support and resistance area.
Trade safe, Joe.
EURO - Price can break resistance level and continue to riseHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some days ago price traded inside flat, where it declined to resistance area and then rose to top part of flat.
Also, when price rose to top part of flat, EUR made a first gap and then made downward impulse.
Price exited from flat and continued to decline inside falling channel, where it broke $1.0760 level and continued to fall.
Later price reached $1.0520 level, some time traded near, and then declined to $1.0335 points, exiting of falling channel.
Euro started to grow inside rising channel, where it made a second gap and some time traded between $1.0520 level.
Now price trying to break $1.0520 level, and I think it can break it and continue to grow to $1.0720 in channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
EUR - LONG - Swing Trading*This is a risky trade since if it breaks support it can take us to very low levels, which is why an appropriate stop loss must be used.
We are in a support between 1.042 and 1.045 that is holding up very well until now. Now that time has passed, it seems we are close to breaking 1.05 and will remain there in the following days. It is necessary to give the trade time of around 6 to 14 days to reach the targets.
Targets:
T1: 1.059 - 1.060 (protect or take partial)
T2: 1.065 (close - 6 days)
T3: 1.080 (close - 14 days)
HelenP. I Euro will leave pennant and continue to move upHi folks today I'm prepared for you Euro analytics. If we look at the chart we can see how the price declined to the resistance level, which coincided with the resistance zone, and even declined below this level, breaking it. Then, the EUR some time traded below this level and later rose higher, breaking it again and reaching the trend line, after which made a downward impulse and broke the 1.0840 level one more time. As well, the price continued to decline inside the downward pennant, where it some time later fell to the support level, which coincided with the support zone. Later, Ethe UR broke this level and fell to the support line of the pennant and then rebounded up, breaking the 1.0465 level again, making a gap as well. Next, the price made a retest of the support level and then some time trade near this level, after which later rebounded up to the trend line, which is the resistance line of the pennant also. After this movement, it turned around and dropped to the support level. For this case, I expect that EURUSD will reach the trend line and then correct to the support level, after which it start to grow, thereby exiting from the pennant pattern. When the price leaves this pattern it can continue to grow, so, I set my goal at 1.0640 points. If you like my analytics you may support me with your like/comment ❤️
EURGBP Potential DownsidesHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.83200 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.83200 support and resistance area.
Trade safe, Joe.
Sell EUR/USD Channel BrekoutThe EUR/USD/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.0482
2nd Support – 1.0445
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Potential bullish rise?EUR/CAD has reacted off the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 1.48202
1st Support: 1.47236
1st Resistance: 1.49775
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 Potential DownsidesHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.05100 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.05100 support and resistance area.
Trade safe, Joe.