Not understand?better not follow my analyses!doubt clearer first, risks ++
New Cable Thread & Other Pairs
- #10,681
- Oct 31, 2024 9:38am Oct 31, 2024 9:38am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
- #10,683
- Oct 31, 2024 10:10am Oct 31, 2024 10:10am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,441 Posts
Looking for profitable short term trades ...|
- #10,684
- Oct 31, 2024 11:58am Oct 31, 2024 11:58am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,441 Posts
The EUR/USD currency pair is currently trading in a corrective uptrend after experiencing a sharp decline following the release of the US PCE data. While the headline inflation figure came in stronger than expected, the softer-than-anticipated wage growth component has fueled speculation about a potential rate cut by the Federal Reserve next week.
On the 1-hour chart, the pair is trading within two key ranges:
Upper Range: Bounded by 1.0844 and 1.0888
Lower Range: Bounded by 1.0808 and 1.0844
Given the upcoming market closure and the significant NFP data release on Friday, it is likely that the EUR/USD will remain confined within these ranges until the market opens again. Traders may choose to adopt a cautious approach and avoid taking positions that could be impacted by unexpected price movements during this period.
Have a great rest of the day!
On the 1-hour chart, the pair is trading within two key ranges:
Upper Range: Bounded by 1.0844 and 1.0888
Lower Range: Bounded by 1.0808 and 1.0844
Given the upcoming market closure and the significant NFP data release on Friday, it is likely that the EUR/USD will remain confined within these ranges until the market opens again. Traders may choose to adopt a cautious approach and avoid taking positions that could be impacted by unexpected price movements during this period.
Have a great rest of the day!
Looking for profitable short term trades ...|
- #10,685
- Edited 10:52pm Oct 31, 2024 9:25pm | Edited 10:52pm
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #10,686
- Oct 31, 2024 11:33pm Oct 31, 2024 11:33pm
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,441 Posts
EURUSD recent price action shows a temporary upward movement from its recent low of 1.0760, reaching a high of 1.0890. This suggests a potential short-term bullish correction.
However, it's important to note that the overall trend on larger timeframes (4-hour and daily) remains bearish. This indicates that the current upward movement might be a temporary pullback within a broader downtrend.
If the price breaks above the 1.0888 resistance, it could signal a continuation of the bullish correction, potentially targeting 1.0919 or even 1.0940/60.
Conversely, if the price falls below the 1.0847 support, it might indicate a return to the bearish trend, aiming for the 1.0808 support level.
Have a great day!
Daily volatility (range) 86 pips
Option expiries for Friday: 1.1200 (EU1.21b), 1.0900 (EU1.11b), 1.0840 (EU863.5m) Source: financialjuice.com
Significant news - US NFP & ISM manufacturing PMI
1 hour
However, it's important to note that the overall trend on larger timeframes (4-hour and daily) remains bearish. This indicates that the current upward movement might be a temporary pullback within a broader downtrend.
If the price breaks above the 1.0888 resistance, it could signal a continuation of the bullish correction, potentially targeting 1.0919 or even 1.0940/60.
Conversely, if the price falls below the 1.0847 support, it might indicate a return to the bearish trend, aiming for the 1.0808 support level.
Have a great day!
Daily volatility (range) 86 pips
Option expiries for Friday: 1.1200 (EU1.21b), 1.0900 (EU1.11b), 1.0840 (EU863.5m) Source: financialjuice.com
Significant news - US NFP & ISM manufacturing PMI
1 hour
Looking for profitable short term trades ...|
- #10,687
- Nov 1, 2024 7:54am Nov 1, 2024 7:54am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,441 Posts
Looking for profitable short term trades ...|
- #10,688
- Nov 1, 2024 11:50am Nov 1, 2024 11:50am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,441 Posts
Looking for profitable short term trades ...|
- #10,689
- Nov 2, 2024 3:40am Nov 2, 2024 3:40am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,441 Posts
EURUSD is in a clear downtrend since it rejected 1.1214 high. The price has been consistently making lower lows and lower highs, indicating a bearish sentiment - Daily chart.
The most recent price action seems to be consolidating within a range. There is a potential support zone around the 1.0808 - 1.0761 levels and resistance levels lying above at 1.0905 & 1.1000.
As mentioned above, 1.0808 appears to be a key support level, and a break below it could signal further downside. On the upside, 1.0905 acts as resistance, and a break above it could indicate a potential continuation of the correction up towards 1.1000.
Have a great weekend!
Weekly volatility (range) 188 pips
Option expiries for Monday: 1.0820 (EU1.36b), 1.0970 (EU1.04b), 1.1250 (EU899.6m) Source: financialjuice.com
Significant news - US Factory Orders, US Election (All Day), US Trade Balance, US Initial Jobless Claims, US Interest Rate Decision & University Michigan Sentiment Prelim.
The most recent price action seems to be consolidating within a range. There is a potential support zone around the 1.0808 - 1.0761 levels and resistance levels lying above at 1.0905 & 1.1000.
As mentioned above, 1.0808 appears to be a key support level, and a break below it could signal further downside. On the upside, 1.0905 acts as resistance, and a break above it could indicate a potential continuation of the correction up towards 1.1000.
Have a great weekend!
Weekly volatility (range) 188 pips
Option expiries for Monday: 1.0820 (EU1.36b), 1.0970 (EU1.04b), 1.1250 (EU899.6m) Source: financialjuice.com
Significant news - US Factory Orders, US Election (All Day), US Trade Balance, US Initial Jobless Claims, US Interest Rate Decision & University Michigan Sentiment Prelim.
Looking for profitable short term trades ...|
- #10,690
- Nov 2, 2024 3:25pm Nov 2, 2024 3:25pm
- Joined Oct 2020 | Status: couldn't give a flying duck | 7,377 Posts
- #10,691
- Nov 2, 2024 4:44pm Nov 2, 2024 4:44pm
- Joined Oct 2020 | Status: couldn't give a flying duck | 7,377 Posts
- #10,692
- Nov 3, 2024 2:20am Nov 3, 2024 2:20am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #10,693
- Nov 3, 2024 7:53am Nov 3, 2024 7:53am
- Joined Jul 2023 | Status: Aspiring trader | 1,132 Posts
checking pa in smallere tf . primarily probable pa below 2883 , may 2853 pull back to bounce for last time towards 2979 d top or even my high to 3000 and here 2940 may again a resistance intermediate or even can stop earliest before test 2822 to below 2800 ! lets see , how it opens ! daily tf , favour 2940/47 bounce to back bear !take care {image} {image}
- #10,694
- Edited Nov 4, 2024 12:19am Nov 3, 2024 10:35pm | Edited Nov 4, 2024 12:19am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #10,695
- Nov 3, 2024 10:36pm Nov 3, 2024 10:36pm
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,441 Posts
The EURUSD currency pair is up this week after a strong opening. It appears that traders were taking profits ahead of the US elections. If the EURUSD can break above the resistance level of 1.0905, it could move higher to the 1.0940/1.0960 resistance zone. However, if it fails to hold above the support level of 1.0860, it could fall to the Friday low of 1.0832 or even lower to 1.0808.
Have a great week!
Daily volatility (range) 86 pips
Option expiries for Monday: 1.0820 (EU1.36b), 1.0970 (EU1.04b), 1.1250 (EU899.6m) Source: financialjuice.com
Significant news - US Factory Orders
1 hour
Have a great week!
Daily volatility (range) 86 pips
Option expiries for Monday: 1.0820 (EU1.36b), 1.0970 (EU1.04b), 1.1250 (EU899.6m) Source: financialjuice.com
Significant news - US Factory Orders
1 hour
Looking for profitable short term trades ...|
- #10,696
- Edited 1:19am Nov 4, 2024 12:27am | Edited 1:19am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
The EURUSD currency pair is up this week after a strong opening. It appears that traders were taking profits ahead of the US elections. If the EURUSD can break above the resistance level of 1.0905, it could move higher to the 1.0940/1.0960 resistance zone. However, if it fails to hold above the support level of 1.0860, it could fall to the Friday low of 1.0832 or even lower to 1.0808. Have a great week!
just broken 2991 limit ,. so price likely below 2984 , to retest 2980/78 possible or bounce f unable this times .
like gbpusd last limit 2981 , eurusd also 0881 watching if breaks for further lows continue as top failure . 0874 may still support but failure mode !
last chance bounce gbpusd to see !
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #10,698
- Nov 4, 2024 1:51am Nov 4, 2024 1:51am
- Joined Aug 2017 | Status: Trader | 3,294 Posts
GM, this week will be wild in gold and dollar, lots of opportunities, but I'm lowering my risk by 50%, caution required,
Todays opening looked to me like dollar bulls suddenly not so sure about a trump win. The Dixie range over the next week and maybe longer will be substantial.
Its all just one persons opinion
- #10,699
- Edited 4:15am Nov 4, 2024 2:31am | Edited 4:15am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
