Global markets are experiencing a decline, with early indications suggesting that Wall Street may open lower. The Dow futures are down 129.00 points, the S&P 500 futures are declining by 19.50 points, and the Nasdaq 100 futures are sliding by 82.75 points as of 8:00 am ET.
On Monday, the major US stock indexes mostly finished higher, with the Nasdaq gaining 0.7...
EUR/USD is extending its sideways trading in the European session on Thursday. The pair lingers near three-month lows, as the US Dollar clings to recent gains amid a risk-off market profile. EU/ US data and Fedspeak awaited.
The EUR/GBP cross gains momentum above the mid-0.8500s during the early European session on Thursday. The cross currently trades near...
price hovering near the higher time frame demand area had given signal of choc previous condering it as bullish change we waited for new confirmation the latest low we saw was at 1.06859, so if the price goes below this area and makes a wick forcing price to close above 1.06859 then this is confirmation of liquidity sweep and we can enter long
fyi - this is just...
price made a choc on higher time frame so we are likely expecting the price to pullback at the area swing low where the buyer stepped in and will target the high of pullback
considering the price from current level the trade indicates fair value of 1:2 on risk to reward
note that this demand zone can be temporary as our...
EU has been bullish. since last November so we expect a small correction and continue to be bullish after the medication and collecting the liquidity from the positions
and also we are looking the plan B that EurUsd can either go for a push up to 1.13100 or else from here at 1.10900 it will start the next move towards the supply zones
It's important to note that the behavior of the EURUSD pair can be influenced by a wide range of factors such as global economic conditions, political developments, supply and demand, and market sentiment. Therefore, it's important to do your own research, analyze the market conditions, and consult with a qualified financial advisor before making any investment...
It is a relatively busy day ahead for the EUR/USD. ZEW Economic Sentiment figures for Germany and the Eurozone will draw interest today. Following the collapse of Silicon Valley Bank and Signature Bank (SBNY), economic sentiment figures are likely to weaken.
Economists forecast the German Economic Sentiment Index to fall from 28.1 to 17.1 in March, with the...
EURUSD has created a Flag and pole Pattern and Consolidation was happened more than 20 hours which is good and When the price breaks either side then we can plan our trade according to the market conditions.
The euro lost almost 0.7% on Thursday as better-than-expected U.S. economic data pushed the U.S. dollar higher.
Possible effects for traders
The U.S. dollar strengthened after the unemployment claims report pointed out a strong U.S. jobs market. Other data showed growing labor costs, indicating the Fed has to raise interest rates further to tame inflation. 'This...
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Lately EURUSD made downward impulsive move and now is ready for pullback 📈
Things to consider:
1. Daily impulse and correction pattern spotted
2. Retracement started and target is 0.382 on Fibonacci
3. COT data shows that hedge funds have been longing EUR so it will rise for sometime now!
How to enter:
1. Study the chart as shown in my analysis
2. Enter when the...