The system shows that it is time to go up, since the period of standing at these levels lasts longer than expected. It's time to change the levels. First, I mean the level of 1.1050. Then I expect the price to move towards the level of 1.1200. As you understand, it will not happen right away, one step at a time. The price is only turning H1 around, while there is H4 ahead. When H4 is turned around, the price will reach 1.12 or even higher levels.
Intraday levels.
The upper level is 1.1017.
The lower level is 1.1000.
Within the day, I expect the price to achieve the level of 1.1050. However, I don’t know whether it will have time to do it or not.
I am very disappointed with this currency pair. The situation with the euro / dollar currency pair in recent days is downright desperate. Such a narrow range has never been in history. In this way it is impossible to trade, and not to talk about profits. I read that this currency pair has made a record in low volatility. Well Congratulations!
Eurusd forex ke trading main yeh ek best pair hai trading krne ke liye yeh pair per agar ap log watch kr ke trading krte ho tu mje umed hai ke yeh bht he best pair hai yeh kam time main bht juld up and down hota hai es pair main profit hai ap log zida se zida es pair ko watch kr ke trading kr sakte ho or new user ke liye bhe best pair hai yeh aj kafi uper ke traf jaega so ap apne risk se trading kren +50
Hey friends,
Eurusd pusshing down and hitting our previously anticipated key level i am not taking a trade just yet, remember patience is the key especially in a slow market, there is never a need a rush into a trade you always have another opportunity for another entry i feel eu could push a bit lower giving us a great long position.
Finally, there was some movement in this currency pair. Slightly surprising to me is this downward direction. Just when Americans rest their dollar so expensive, it is surprising to me. Apparently things are not going well in Europe and there is no longer any confidence in the euro. Now let's see if the price of this currency pair goes back above 1.10 levels again?
A pleasant day to all traders and speculators who are here in the forum!
Let’s talk about the euro/dollar currency pair:
According to the hourly (H1) time frame, the euro/dollar currency pair resumes to decline for a little while in the corrective movement to the downside. Therefore, as the price tested the level of 1.1030, it rebounded from it, drawing a good correction which indicates the beginning of a corrective movement. Now, as we can observe the lower levels, it can be seen that the price has declined further downwards in the form a downward medium-term trend. However, the price rebounded again but from the level of 1.1015 while the price is within the channel. At the same time, a bullish reverse and an average bullish candle was drawn, which, in theory, was not found during the time of this corrective movement. So, in case that the channel broke down, it could possibly implies that the price want nothing to do with moving to the downside.
We welcome Monday with initial anticipation of earning so we are steadfast in making our plans for the day, so just share a plan of action and we will look into what will happen. Anyway, I was surprised when I found out that there are three stars on the publication of data on the economic calendar, although I am not expecting any significant movement yet for today, as per usual - the typical Monday.
Which brings us to my notions for this day. Trading is conducted above the level of 1.1000 on the M15 timeframe, where if there will be any consolidating below, I will receive a heads up on the junior chart for a probable decrease. Surely, there is nowhere else to go than down, given that the succeeding support on M30 is located near the level of 1.0992 and in general, the range 1.1000 to 1.0992 allots space for opening a long position.
Meanwhile, on the hourly chart, just to share a little bit of information to everyone, that on last Friday’s trading, a signal to continue the upward trend was formed. Whereas, it is preferable to wait for a shallow rollback that might follow as well as a continuous strengthening of the instrument this is after the fixing price above 1.1023. The principal aim at the top is bidding at the levels on the fiber mesh which are 138.2 and 161.8.
To sum up the above, the trading plan for this day is as follows:
set a pending buy order from 1.1009, a little bit higher than the indicator this is due to the reason that we cannot fully reach 1.1000; also
If in case the price goes below the expected which is averagely 1.10990, the only alternative plan for me is to BUY.
In general, I am anticipating an upward movement at 1.1046 equivalent to 138.2 in Fibka. Well, that is all I have for this day, may we all have a profitable day ahead!
Good morning friends this new week. After falling below 1,100 euros on Friday, it quickly went back up and is now attacking 1.1020. If this resistance breaks, we will probably see a new euro growth. No one can be sure that this will be the case, but it is a fact that the dollar slightly lost power at the end of the year. We'll see what happens?
Hi folks! Let me present you a snapshot of the recent developments in global financial markets. While I was looking for some info, I came across interesting data related to Forex and financial markets as a whole. Perhaps, you will also find it worthy of note. As long as I live, I hear the talks that the US is doomed to failure.
The theme of “failure” became especially thorny as soon as Donald Trump was elected as US President. He pledged to “make American great again.” However, he went into a fight with half the world and almost all US military and economic allies. Amid this turmoil, he has to confront his opponents who cherish the idea of his impeachment. Meanwhile, I’ve got to know data on capital flows for the reported period. Here are the two charts. The first one reveals the inflow of net foreign investment into the US economy expressed in per cent related to GDP. What exactly is net foreign investment? It is, for example, when an overseas investor comes and builds a factory on the territory. Oops …
The second chart shows direct investment of US residents in the global economy. To put it simply, it is the case of a capital flight (by the way, Moscow has been struggling with this for a couple of decades but all efforts have been in vain). The chart displays that the US has invested robustly in a variety of lucrative fields since the collapse of the socialist political camp. New markets promised big gains, so active investment lasted roughly until 2011. The chart also reveals a mortgage crisis of 2008. Margin calls were triggered nationwide and the capital flight halted temporarily. The most exciting period started in 2017 when Donald Trump posed a challenge to the global order.
Let’s take it for granted that big money is always right. This idea works well in the long term, but does not help in day trading. Day traders should give priority to technical analysis. The first thing I would consider is a weekly chart. The price has approached an interesting zone which has been tested. I mean the accumulation cluster with precise borders. Usually, such zones matter a lot and put a drag on the price. I guess there won’t be an exception this time.
On Friday, support was tested under the classic principles: 1) weak sellers, 2) a fake breakout under a big volume, 3) buying pressure which broke the trend.
That’s it. The scenario is definitely the uptrend which started with confidence. If the price continues its climb, a retracement is inevitable. For support, there are two interesting zones where traders could increase positions.
Here are some updates on the levels. The euro was trading at the monthly levels at the weekend. As a result, the price can break the current ratio, go up from a short trend and reach the mandatory zone. At the same time, I think the price can continue decreasing after this correction. But for now, I'm trying to buy.
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