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EUR (Euro)

EURCAD BULLISH FORECAST EURCAD has long been trading lower from 1.46267 to 1.28892 all within descending trend channel territory. The poor EUR been struggling for it's value since 25th Aug, where it maintained the price within bearish flag that has been formed with trading ranges between 1.33352 and 1.28892. Breaking the flag below will hints for strong bearish pressure while breaking the flag above will have same impact in opposite reaction. On 20th Sep buyers were able to touch the upper resistance within the descending trend channel and today's price testing the same resistance. Remember: the most support level or resistance get tested the higher it gets potential risk of break. If price break above the tested resistance, we'll prepare for buying opportunity after retesting above the boundary of the trend channel. I expect EUR to trade high against Canadian Dollar, and expected to reach major resistance which is around 1.37063 Fundamental aspects: ECB has delivered Hawkish statements where Lagarde hints for 75bps rate hike in October. Unfortunately this haven't lift the EUR enough for much gains to recovery, EUR is expected to fight back against it's rivals after the rate hike. Canadian GDP M/M will be release today, whence lower reading as expected may help EUR to have a modest gain against Canadian Dollar. The Canadian GDP was 0.1% in previous reading where it's expected to remain same as 0.1%. If the reading come higher than expected, it may help Canadian Dollar for more gains. If EUR fail to gain against Canadian Dollar, the expected price is 1.24053. which is more lower in history. If you really have a plan on EUR. Pay attention to this structure, it'll be rewarding when use right.
Long
by CELGIB_TRADING
EURNZD BULLISHEURNZD BULKISH FORECAST ACTIVE ON H4, D1, & W1 AND MAY KEEP GROWING TILL 2023 EURNZD has been trading within ranging boundaries from 1.60771 to 1.82200 all during the time of Sep 2018 to sep 2022 weekly TF gave this view. Market has respected these zones, but we have falling trend channel which as well been respected since 1.87929 to the lowest level of 1.56209. The issue is that now, the falling trend channel has been broken, I expect retest between 1.71273 to 1.69959. The target in this idea is major resistance level at 1.79972, f 5 price keep growing may break the resistance 1.79972 for another major support level 1.96840. Inverse head and shoulders: I've noticed the inverse head and shoulders all within the trend channel. Cup and handle: I've also note the cup chat pattern from the area 1.69576, 1.58861 and 1.7000, we expect breakout from the handle boundary for bullish run. ECB HAS BEEN HAWKISH, BUT COULDN'T LIFT THE EUR NOW, BUT TECHNICALLY SPEAKING, IT'LL SPIKE UP WITH THIS IDEA If the price trade below the broken trend channel.
Long
by CELGIB_TRADING
EUR AUSSIE BullishTrading EUR AUSSIE will be profitable if you're looking for buy, both H4 and D1 came with our ascending trend channel where respected severally, we expect that to keep Trading till reaching our D point where is our major resistance. In our trend channel the Bullish flag has been formed and broken by aggressive bulls, this shows power has been shifted to bulls after a very long time bearish movement. ECB has been Hawkish couple weeks ago and still hawkish reaction with ECB is inevitable due to log pain with EUR, however the long bearish trend is expected to be finalized after forming the double bottom, and market has really reacted with the double bottom. It have traded low, high, low and high, where it formed the existed double bottom. Technically speaking EUR tend to increase and have more gains few weeks to come, if you really have a plan in EUR AUSSIE I advise you to pay more attention to EURAUD.
Long
by CELGIB_TRADING
EURCHF Trading Plan - 04/Sep/2022Hello Traders, Hope you all are doing good!! I expect EURCHF to go Down after finishing this correction. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
Short
by For3xScalper
💡Don't miss the great buy opportunity in EURUSDTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.9945). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURUSD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 52. Take Profits: TP1= @ 0.9989 TP2= @ 1.0045 TP3= @ 1.0076 TP4= @ 1.0094 TP5= @ 1.0124 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
💡Don't miss the great buy opportunity in EURAUDTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.4363). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURAUD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 73. Take Profits: TP1= @ 1.4460 TP2= @ 1.4501 TP3= @ 1.4559 TP4= @ 1.4606 TP5= @ 1.4713 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
2
EURCHF: ENDING DIAGONALTheory: DIAGONAL: Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) for wave analysis, but it does not follow the third one i.e. Wave 4 should not intervene the territory of the wave 1. In a diagonal wave 4 always enters into the price territory of the wave 1. Properties Of Diagonals: Diagonals can be contracting or expanding type being expanding diagonal a rare one. In contracting type, wave 3 is shorter than wave 1, wave 5 is shorter than wave 3, and wave 4 is shorter than wave 2. In expanding type, wave 3 is longer than wave 1, wave 5 is longer than wave 3, and wave 4 is longer than wave 2. Types Of Diagonals: LEADING DIAGONAL ENDING DIAGONAL LEADING DIAGONAL: In a leading diagonal , waves 1,3, and 5 are all impulsive in nature or all in corrective form of zigzags. Wave 2 and wave 4 are always present in a zigzag form. A leading diagonal suggests the starting of a new wave & that is why it can develop wave 1 of a impulse wave and a first wave of a zigzag pattern. ENDING DIAGONAL : This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat. After the termination of the diagonal , a swift & a sharp reversal takes place which bring the prices back to the level from where the diagonal has began. (generally it retrace back to the wave-2 of the diagonal sturcuture) TRADING STRATEGY: Buy EURCHF with SL of 0.955 and look for the upside target OF 0.9800
Long
by TradingSutra