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Thread: EUR/USD

     
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    2021-05-06   03:38
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    Greetings:
    Good day, all traders on MT5 forums! How are you? I hope you are all fine. Okay, let me share with you my technical view on the EURUSD pair.
    Daily Chart Analysis:
    It looks like EURUSD manages to stay below 100 periods of a simple moving average, and my stochastic oscillator is also still pointing down. So, for the next few days, the EURUSD pair will end up moving lower. And might break below 50 and 200 periods of a simple moving average.
    https://forum.mt5.com/customavatars/2107920758.png
    4-Hour Chart Analysis:
    It seems EURUSD manages to stay below 100 periods of a simple moving average, and my stochastic oscillator is also still pointing down. So, I expect for today, EURUSD will try to move down. As my first target, EURUSD will be reaching 200 periods of a simple moving average.
    https://forum.mt5.com/customavatars/1192926734.png
    1-Hour Chart Analysis:
    From what I see, my stochastic oscillator is still pointing up. So, there is a possibility that EURUSD will move up in Asia until the European market session. But my RSI is already back below 50. So, I think the first target will be breaking above 50 periods of a simple moving average.
    https://forum.mt5.com/customavatars/1204730524.png
    Analysis Summary:
    Alright, that is my view on the EURUSD pair for today. I think selling the EURUSD pair is a good idea for intraday trading, especially if EURUSD can't break above 50 periods of a simple moving average on the 1-hour chart. I hope my analysis of the EURUSD pair can be helpful to your trading. Good luck all, stay healthy and keep being profitable.

    2021-05-04   04:28
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    Greetings:
    Good morning, all traders on MT5 forums! How are you? I hope you are all fine. Okay, let me share with you my technical view on the EURUSD.
    Daily Chart Analysis:
    It looks like EURUSD moves back above 100 periods of a simple moving average. But since my stochastic oscillator is still pointing down, and EURUSD is still below seven periods of a simple moving average. So, in the next few days, EURUSD will still move below 100 periods of a simple moving average and even lower.
    https://forum.mt5.com/customavatars/1383418447.png
    4-Hour Chart Analysis:
    From what I see, EURUSD failed to break above 50 periods of a simple moving average. In other words, EURUSD is still moving between 50 and 100 periods of a simple moving average. And looking at my stochastic oscillator, it is already pointing up. So, EURUSD will try to break above 50 periods of a simple moving average today.
    https://forum.mt5.com/customavatars/386061097.png
    1-Hour Chart Analysis:
    It seems EURUSD can't break above 50 periods of a simple moving average, and it looks like my stochastic oscillator is still pointing down. So, I think EURUSD will try to move down in the Asian market session.
    https://forum.mt5.com/customavatars/2131286217.png
    Analysis Summary:
    Alright, that is my view on the EURUSD pair for today. I think selling EURUSD is a good choice for scalping or planning to hold it for more than one day, but if you want to buy this pair, you also can do it if EURUSD can break above 50 periods of a simple moving average on the 4-hour chart. I hope my analysis of the EURUSD pair can be helpful to your trading. Good luck all, stay healthy and keep being profitable.

    2021-05-05   08:08
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    Greetings:
    Good day, all traders on MT5 forums! How are you? I hope you are all fine. Okay, let me share with you my technical view on the EURUSD pair.
    Daily Chart Analysis:
    It looks like EURUSD backs below 100 periods of a simple moving average, and my stochastic oscillator is also still pointing down. So, for the next few days, the EURUSD pair will end up moving lower. And might reach 50 periods of a simple moving average. And if EURUSD can break that moving average, then the next target will be breaking 200 periods of a simple moving average.
    https://forum.mt5.com/customavatars/1531424031.png
    4-Hour Chart Analysis:
    It seems EURUSD manages to stay below 100 periods of a simple moving average, and my stochastic oscillator is also crossing down. So, I expect for today, EURUSD will try to move down. As my first target will be reaching 200 periods of a simple moving average.
    https://forum.mt5.com/customavatars/2014414171.png
    1-Hour Chart Analysis:
    From what I see, my stochastic oscillator is still pointing up. So, there is a possibility that EURUSD will move up in the next few hours. But my RSI is already back below 50. So, the chance for the down move is also there. If in the next few hours EURUSD moves up, then the first target will be breaking above 50 periods of a simple moving average.
    https://forum.mt5.com/customavatars/2135578652.png
    Analysis Summary:
    Alright, that is my view on the EURUSD pair for today. I think selling EURUSD pair is a good idea for intraday trading or if you want to hold your trades for more than a day. I hope my analysis of the EURUSD pair can be helpful to your trading. Good luck all, stay healthy and keep being profitable.

    2021-05-08   21:06
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    EURUSD TECHNICAL ANALYSIS 08/05/2021

    I welcome everyone, dear members of the forum and guests of the Forum.
    Fundamental Analysis -:
    Unlike the usual recession, now the problem is not in the demand for labor, but in the supply of labor. And this presupposes accelerated growth of wages, inflation and, accordingly, the potential strengthening of the dollar.
    The latest release of the NFP not only shocked everyone, but also posed very difficult challenges for all currency traders and trading strategists. Economists, of course, will gradually sort it out, but for now the following picture is emerging.
    The problem in the US right now is not that there are no vacancies and no jobs, as is usually the case during recessions. The problem now is just the opposite - there are vacancies and there are jobs, but there is no one to fill them. People do not want to go to work at the salaries that employers are ready to offer them. In the language of economists, the problem is not the demand for labor, but the supply of labor. People are in no hurry to offer their services to employers.
    Thus, in order to expand the business and increase profits, employers will have to increase their salaries and compensation to workers at an outstripping pace. And this, in turn, presupposes an accelerated rise in inflation. In general, many employers say that inflation is already in full swing. And the accelerated growth of inflation is likely to lead to an increase in rates and a strengthening of the dollar.
    The graph shows unemployment benefits and the federal minimum wage. The minimum wage is $ 290 per week. And the unemployment benefit before the epidemic was $ 348. At the height of the epidemic, the allowance was $ 938, and now it is $ 638. Until the employer pays a salary of more than $ 638, it will not be realistic to find workers for the position, or in any case it will be very difficult. In many industries, employers are not willing to pay such salaries, and therefore jobs are empty and vacancies are not filled. Credit markets proper, which are faster in their reaction than foreign exchange markets, have already felt this -
    Technical Analysis -:
    The bond market is the best indicator and it senses inflation very well. Treasury yields increased yesterday, which means the dollar will strengthen. It's just that the currency markets are by their very nature very slow and inertial, but at the same time they are not the most "smart" ones. Yesterday the EUR / USD pair was fulfilling the pre-planned program and therefore went up all the way. But apparently, the program may change by Monday.
    Nevertheless, the Fed has continued to increase its balance sheet over the past week - that is, to print "money" for financial markets. The phase of reducing the balance (the week before) was replaced by the phase of increasing the balance. That actually immediately affected the dollar rate. As soon as the Fed began to build up the balance, the decline in the EUR / USD pair ended and the pair began to grow and the dollar began to weaken.
    On the daily timeframe, the pair bounced off the support zone and began to move up. Broke the inclined trend line and reached the resistance zone from 1.21560 and above. Most likely, the pair can arrange a pullback and test the sloping trend line from the reverse side at the level of 1.20948 . If the pair bounces off the inclined trend line, the pair will start to grow again to the resistance zone at 1.2170. If the pair breaks the trend line from top to bottom, then it will go to the level of the support zone around 1.20.
    Attachment 372479

    The attachment
    2021-05-04   14:02
    Best post today #5
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    Good morning to those who trade and those who observe!
    Wait for your turn, all the zigzags will be performed step by step
    Attachment 370806
    On EUR/USD, everything is clear. From the technical viewpoint, the pair needs to follow a downside zigzag pattern and complete it on the M30 chart at 1.2010, or even at 1.1990. Then it needs to close in the blue upper zone.
    It is also possible that the pair will test the blue zone straight away and then will move down. We will see the actual scenario soon. I think the price may move in either direction as we have levels below at 1.2010 and above at 1.2060 that have not been tested yet. So, lets get ready for profits from either a sell or buy trend, today is a good day for us.
    GBP/USD shows similar dynamics to EUR/USD. The only difference is that one pair is moving faster in terms of pips than the other.
    Intraday levels
    On EURUSD, the breakout of the 1.2075 level will cancel the downtrend, while the breakout of 1.2031 will confirm it.
    On GBP/USD, the breakout of the 1.3929 level will cancel the downward movement, while at the level of 1.3821 it will be confirmed.
    Technical picture
    Attachment 370808
    Today we have plenty of these blue zones on the charts. So, the price is likely to make a pullback, and you can try to profit from it. Im just sharing my knowledge with you and you are free to use it.
    On the gold chart, we can see two blue zones, an upper and a lower one. But to be honest, I haven't tested this system for gold yet, so Im not sure how these blue zones will work on it. On currency pairs and oil, it works perfectly fine. As for gold, I dont know yet, so lets test it together and see what happens.

    The attachment
    2021-05-05   13:45
    Best post today #6
    Accrued payments  4261 USD

    Attachment 371284
    The price of EUR/USD is moving in the upward trend. In case of a breakout at 1.1998, the trend is likely to reverse. The target is currently seen at 1.2060. However, if the trend reverses, the target will be at the level of 1.1940.
    The GBP/USD pair continues yesterdays upward trend. The trend may reverse if the price breaks the 1.3837 mark. If so, the pair may get stuck as I don't have any other levels at the bottom apart from 1.3810. My target is at the level of 1.3950-60.
    Attachment 371285
    Today, we should carefully watch the level where the upward trend can reverse.
    At the same time, the upward trend on EUR/USD may gain steam in case of a breakout at 1.2034.
    As for GBP/USD, the trend is likely to extend if the price breaks the 1.3890 level.

    The attachment
  2. #5761 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Today is Monday, so nothing to talk about, but there are still some moments that Id like to mention for the intraday chart.

    Name: 1 (1).png Views: 1525 Size: 127.5 KB
    On EUR/USD, the downtrend is still in place. The breakout of the 1.2035 level will cancel the trend. The nearest target is 1.1990-80.

    GBP/USD is also moving downwards. The breakout of the 1.3834 level on the intraday chart will cancel the trend. The nearest target is 1.3780-70.

    As for now, we have a signal for a pullback to the upside. Lets see what will happen to it in the European session. Thats all for today, I will wait for the European session to see what to expect at the beginning of the month and the week.


    Technical picture
    Name: 2.png Views: 115 Size: 191.7 KB
    As you may have noticed, I insist that it is necessary to close all the tick patterns on the chart. However, there is a certain period in the time frame where the price may close with a dely.

    Still, to close in these zones is our major target.

    Today we also have a new tick pattern together with an old one on the kiwi from the previous session. There are also a couple of tick patterns that I market with blue on other charts.

    So, if you are interested in the system of tick patterns, you are welcome to discuss, monitor and gain profit from it.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    I consider it to be one of the most liquid forex pairs. I try to enter into narrow range patterns with this pair. The pair would always climb or fall through a significant barrier before getting into its position, printing small range price bars that reduce uncertainty and increase apathy levels. This often marks a strong entry signal for a breakout or breakdown. This technique reaches the role inside the narrow range pattern, with a close stop in place in the event of a significant reversal.

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    I have always traded the major pairs and one of them is EURUSD. Representing a combination of two great economies of the world, this pair is a good one to consider.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Greetings

    Hopefully,all members are fine.Happy trading.

    EUR / USD pair
    After the strong loss suffered by the EUR / USD pair at the end of last week, the pair is trying to achieve some gains during the day and recover from its recent losses, with a number of important economic data expected in the United States during the next few hours, in addition to the waiting situation that dominates the markets for the Feds statements. American this evening.

    However, despite the release of several economic data in the euro zone this morning, press reports issued by the European Commissions proposal to ease member states restrictions on non-essential travel is what supported the rise of the euro during the day, especially in light of the decline in the US dollar index by more than 0.20. %.

    Most of the manufacturing sector data in the euro zone this morning came in line with market expectations, which show a recovery in the manufacturing sector in the region. Therefore, press reports issued on the easing of travel restrictions increased the chances of a recovery in economic activity in the region in the near term, thus boosting the euro's rise.

    On the charts, we see that the pair is moving to the upside that it started from the low of March 29th, and the pair is currently approaching testing the moving average 50 on the four hour chart. In the case of positive economic data in the United States, it is possible that the pair will decline towards 1.19450 levels, but in the case of negative economic data, we may see the EUR / USD pair continue to rise, supported by positive Corona developments within the euro zone, targeting 1.21500 levels, which represent a strong resistance for the pair.


    Name: EURUSD May 03.jpg Views: 11 Size: 41.6 KB

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    EURUSD TECHNICAL ANALYSIS 03/05/2021


    Hello fellow traders! Let's carry out a technical analysis of the EURUSD currency pair, timeframe H4. This analysis is based on indicators of trend, sentiment, emotions and extreme surges, the indicators of which should be coloured in the same colour on the chart, and this will serve as a signal for us to enter trades. To confirm the signal and a more accurate entry, we also take into account the direction of the Stochastic indicator lines and the moving average with a period of 20. Now you can see that the indicators of sentiment, emotions and the trend indicator (line on the chart) have turned red, the price is below the moving average with a period of 20, however, the Stochastic is pointing up and the extreme market spikes indicator is still blue. All this speaks of the uncertainty in the market, and therefore now it is better to refrain from opening new deals until clearer entry signals are formed.

    Name: Screenshot Capture - 2021-05-03 - 10-42-18.png Views: 63 Size: 511.2 KB

    The situation for this pair is currently uncertain. There was an attempt to fix the price below the cloud on the four-hour timeframe, but so far in vain. Technical analysis shows that the price is trading in the bearish zone of the Bollinger Bands, inside the cloud, below the Kijun-sen line, and the "dead cross" is in the active phase. In case of successful fixation of the price below the cloud, we will probably see a decline in quotations to the support level of 1.1932. As an alternative, I consider fixing above the signal lines.

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    Default Technical analysis of the EUR / USD pair

    Technical analysis of the EUR / USD pair

    1 hour chart



    The 1-hour chart for the pair gives good selling opportunities with the beginning of today's trading, as the price traded yesterday in a bullish wave, and with the price reaching the weekly pivot level, as well as the Ichimoku cloud level, the price started to rebound down.
    The price behavior can be monitored until the end of the Asian period, which if it ends with the stability of the price below the cloud on the 1-hour chart, this is a good sell signal for the pair during the day, as it is possible to sell with the aim of the first weekly support level 1.1973.
    Buying the pair today will be available if the price rises and stabilizes above the weekly resistance level of 1.2100

    Daily chart



    The price on a daily chart is trading in a strong buying area ... as the price traded during the previous month in a bullish wave that stabilized at the price above the cloud, and with the beginning of this month, the price received support from the Ichimoku cloud and also the monthly pivot level and gave the price a bullish candle that supports the upward trend.
    But by merging between 1 hour and daily frames, we have the potential for a downward price movement today before returning to the upside again, as the daily chart provides a downward wave to the level of the cloud before rising again.
    There is a possibility that a sideway area will be formed between the level of 1.2100 and 1.1980, in which case the sideway area can be used in trading scalping on the 1-hour chart.


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    Good day to all traders and speculators who are here in the forum!

    Lets talk about the euro/dollar currency pair:

    It is possible for an upward pullback to occur before the next downward movement. However, it was thought that they would have time to let the price of the instrument decline, but this was not the case. Today, the smaller time frames with growth did not make small, downward pullbacks to form support, so apparently, a downward trend will start without having to be able to find support. We consider the low of 1.215 as the possible support level, but so far, according to the moving averages, it will not stop the bearish traders. On the other hand, the four-hour time frame has not yet started to keep the positions of the bears, and thus, the upward pullback happened. The M30-H1 TFs, in turn, will provide the price a resistance level for now. Now, our trading recommendation is to sell the EUR/USD pair.

    Best of luck to all of you

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    Greetings to our dear traders and speculators!

    What does the euro/dollar pair have in store for us?

    In the four-hour (H4) time frame, the EUR/USD pair is likely to develop the zigzag until the end. The breakdown of the target level of 1.21 will not change anything, but will only strengthen the downside. It is possible to rise to the levels of 1.2105-1.2110, but without updating the high. Only in this case the downward sentiment will continue.

    In general, we are gaining positions, while in the sideways. We hope for the continuation of the downward trend and maybe even decline to the level of 1.1600, from which a clear reversal is likely. The question is, is it possible to reach the 18th mark? Of course, there is no need to set deep targets. First, it would be necessary to work out the pullback to the 1.21 level, and then we will see.

    Name: str.jpg Views: 38 Size: 392.3 KB

    Two options will be considered in the daily (D1) time frame. The first option is a deeper pull back to the 19th figure and after that, the continuation of the upward trend, with the update of the maximum extremum. The second one, which is more likely, is the continuation of downward trend after breaking through the resistance level of 1.2140. In this case, we can smoothly fall to the 1.1800 mark. But if the price is not raised above the 21st figure during the European session, then we can expect the continuation of the downside hike to the levels of 1.1980-1.2000 during the US session.

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    Good morning! Having analysed the charts, I am more inclined to enter short positions today, with targets at 1.2024. I expect the euro to decline from the current prices, or after an increase towards 1.2080. But I will completely abandon this idea if the quote goes above 1.2085. If that happens, I will turn into long positions, with targets at 1.2146.

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    Hello everyone, good morning! Based on my analysis, here are the best positions in the market today:

    Daily chart (D1):
    Name: screenshot-1.gif Views: 33 Size: 28.8 KB
    For long positions, enter at the level of 1.2349 or higher.
    For short positions, enter at the level of 1.1704 or lower.

    Four-hour chart (H4):
    Name: screenshot-2.gif Views: 33 Size: 25.0 KB
    Here, many positions are available for trading. One is to buy at 1.2150, while the other is to sell at 1.1870.

    Hourly chart (H1):
    Name: screenshot-3.gif Views: 33 Size: 25.0 KB
    This chart is good for quick entry and exit in the market. Hence, longs may be opened from 1.2150 upwards, while shorts may be placed from 1.2013 downwards.
    However, deals should be set up only at the closing of the hourly candle. Then, exit at stop loss or take profit levels, otherwise, profit will be reduced, while expenses will be increased. Remember, trading is very precarious, but profitable if the strategy used is correct.

    For longs: SL - 1.2050 TP - 1.2450
    For shorts: SL - 1.2113 TP - 1.1713

    Good luck!

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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