Bullish reversal?EUR/AUD is falling towards the support level which is an overlap support and could potentially reverse from this level to our take profit.
Entry: 1.66204
Why we like it"
There is an overlap support level.
Stop loss: 1.64959
Why we like it:
There is a pullback support level.
Take profit: 1.67705
Why we like it:
There is an overlap 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.
EUR
Potential bullish rise?EUR/NZD has bounced off the support level which is a pullback support and could rise to our take profit.
Entry: 1.81106
Why we like it:
There is a pullback support level.
Stop loss: 1.80301
Why we like it:
There is a pullback support level.
Take profit: 1.83458
Why we like it:
There is a pullback resistance level which is slightly above 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.
EURJPY: JPY is outperforming the EUROHey Traders, in today's trading session we are monitoring EURJPY for a selling opportunity around 164 zone, EURJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 164 support and resistance area.
Trade safe, Joe.
Could the Fiber reverse from here?EUR/USD is rising towards the resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.0943
Why we like it:
There is an overlap resistance which lines up with the 38.2% Fibonacci retracement.
Stop loss: 1.1008
Why we like it:
There is a pullback resistance level.
Take profit: 1.0869
Why we like it:
There is a pullback support level which aligns with the 61.8% 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?EUR/CAD is falling towards the pivot which has been identified as a pullback support and could rise to the 1st resistance level which is also a pullback resistance.
Pivot: 1.50322
1st Support: 1.48979
1st Resistance: 1.52196
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 1D1D - On the daily timeframe, we are also in a bullish context similar to the weekly timeframe. Starting from Friday, it's evident that the large FVG will need to be filled by the price eventually. I anticipate this to happen in the first half of the following week, followed by a continuation of the bullish movement.
EURGBP: Dovish BoE and Potential UpsidesHey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85800 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.85800 support and resistance area.
We would also consider the current dovish stance from the Bank of England, that should trigger further GBP weakness against EURO.
Trade safe, Joe.
EURUSD - Shorting Again!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈As per my last analysis, attached on the chart, EURUSD rejected the upper bound of the rising blue channel.
Currently, EURUSD is retesting that trendline again!
Moreover, the zone marked in green is a strong resistance zone.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the resistance zone in green and upper blue trendline acting as a non-horizontal resistance.
📚 As per my trading style:
As #EURUSD approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Eurusd Looks Bullish Here There Are Lots Of Things Happening Couple Of Wars Goins On Also Middle East Is On Verge Of Huge Conflict And These Events Can Impact Markets Heavily And Direction Can Change Anytime So Be Careful In These Satiations While Opening New Positions
However Eurusd Looks Bullish Here In Daily Timeframe And Testing Multiple Resistances Symmetrical Triangle And Key Horizontal Resistance At Same Time Incase Of Successful Breakout Expecting 400 Pips Bullish Wave In Coming Days
Bearish drop?EUR/USD has reacted off the resistance level which aligns with the 127.2% Fibonacci extension and could fall to our take profit.
Entry: 1.0992
Why we like it:
There is a resistance level that aligns with the 127.2% Fibonacci extension.
Stop loss: 1.1052
Why we like it:
There is a resistance level which lines up with the 161.8% Fibonacci extension.
Take profit: 1.0902
Why we like it:
There is a pullback support level that aligns with the 50% 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.
EURUSD: Are we in a recessionary environment? Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.09500 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.09500 support and resistance area.
Trade safe, Joe.
EURUSD Will the bearish or the bullish pattern prevail?The EURUSD pair broke today above the top (Lower Highs trend-line) of the Triangle pattern that started on the July 17 2023 high. The more shorter term pattern has been a Channel Up (blue) since the April 15 2024 Low and today's break-out, has tested its top.
Those are two conflicting trends, so the key here is to observe the 1W candle closing and then take action. A closing above the Lower Highs of the Triangle, confirms that there is a new pattern in play, a (dotted) Channel Up similar to the uptrend of October - December 2023. In that case, we will buy on the weekly close and target 1.11400 (Resistance 2).
If on the other hand the 1W candle closes back below the Lower Highs (thus still inside the blue Channel Up), we will remain bearish, aiming for a new Bearish Leg that will test again (3rd time) the 1W MA100 (green trend-line). In that case our Target will be modified to 1.075000.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
EUR/USD is heading toward 1.10 zones(8/5/2024)After NFP data, the EUR/USD made a big move and finally ended its correction.
For now, the price will eventually reach the 1.10 zone.
Our technical view has been shown in the chart.
If you like it then Support us by liking, Following, and Sharing.
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.)
EUR/USD Surges to New Highs Amid US Dollar WeaknessThe EUR/USD pair extended its rally early Monday, reaching its highest level since March at approximately 1.0970. Disappointing labor market data from the US caused a significant selloff of the US Dollar (USD) during the American session on Friday. Nonfarm Payrolls in the US increased by 114,000 in July, falling well short of the market expectation of 175,000, and the Unemployment Rate rose to 4.3% from 4.1% in June. In response to the July jobs report, the CME FedWatch Tool indicates that markets are nearly fully pricing in a 50 basis point Federal Reserve (Fed) rate cut in September. The technical outlook for EUR/USD shows overbought conditions, suggesting that the pair may continue to rise toward the next supply area around 1.1033, where a price reversal is possible. It will be crucial to monitor the COT report in that area. We are planning to place a pending order in anticipation of this movement.
✅ Please share your thoughts about EUR/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
EUR/GBP Finds Support at 0.8400: Potential for a Bullish SetupAs anticipated, the EUR/GBP currency pair has found support around the 0.8400 level, aligning with our previous forecasts. This area has proven to be a strong demand zone, where buyers seem poised to initiate a retracement, potentially driving the price higher.
Currently, the EUR/GBP pair remains within a consolidation phase. However, market sentiment indicates that buyers are preparing to step in, suggesting a possible upward movement. The current market conditions also coincide with a seasonal trend, historically known to favor an increase in EUR/GBP value over the coming weeks.
Our comprehensive analysis of supply and demand dynamics supports the outlook for a bullish retracement. We are particularly focused on identifying long position opportunities, as the demand area around 0.8400 demonstrates significant support for the pair. Traders should watch for confirming signals of a breakout from the consolidation phase, which could mark the beginning of a sustained upward trend.
In conclusion, the EUR/GBP is showing promising signs of a rebound from its current support level. With the convergence of technical analysis and seasonal factors, we are optimistic about the potential for a bullish retracement. Monitoring the pair closely for entry points in long positions could yield favorable trading opportunities in the near future.
✅ Please share your thoughts about EUR/GBP in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Bearish reversal?EUR/USD is rising towards the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci projection and could reverse from this level to our take profit.
Entry: 1.0944
Why we like it:
A pullback resistance level lines up with the 61.8% Fibonacci projection.
Stop loss: 1.0995
Why we like it:
There is a resistance level at the 127.2% Fibonacci extension.
Take profit: 1.0871
Why we like it:
There is an overlap 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.
EURO - Price can break support level and decline to $1.0840Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
A few moments ago price entered to wedge, and bounced from support line to $1.0910 level, and started to decline.
In a short time price declined to support line, breaking $1.0740 level, and even made a fake breakout of support line from wedge.
Next, Euro exited from wedge and started to grow inside pennant, where it made first gap and broke $1.0740 level.
Then price rose to resistance line, forming a second gap and breaking $1.0910 level, but soon turned around.
Euro in a short time declined to support line of pennant, after which made upward impulse and now trades in resistance area.
Possible, price can rise a little and then break support level and fall to $1.0840
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Consolidated and breaking to see more highHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Bull bias or this..likely watching for pullback or whatnot for upside trading
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.
*********************************************************************