ICFX

ICFX

Recent TD Breakout on Daily with Gap also sends EUR lower. Currently price is at daily resistance. It was unable to break it yesterday after the latest FED Interest Rate Decision. FOR EDUCATIONAL PURPOSES ONLY

ICFX

If we look at monthly chart we will see a correction pattern after price retested and rejected from monthly trendline. Price is likely to continue lower on monthly to 1.01 making new lower lows abd lower highs. Filling the imbalance to the left.

ICFX

Trends are set by Interest Rates and usually they are 500 pips between the announcements. I would not expect any reversal yet but a congestion along 1.10 or move above that (as the first impulse after the rates decision had been pretty intense and it is not over). IF ONE OF THE PARTIES (ECB / FED) WILL RAISE OR LOWER RATES IN DECEMBER PRICE WILL MOVE ACCORDINGLY....

ICFX

Eurusd trend that had been triggered by fundamental data in the middle of November is likely to continue above 1.10 until next CPI/NFP/FED releases Dec 8 - 13 (that is when we might see a major reversal). So far there are no reasons for trend to reverse, except the fact we hit a resistance at round level 1.10, which is likely to be broken again. Price is likely to...

ICFX

Price is approaching 1.20 and before we see a reversal price is likely to test 1.20 psychological and liquidity level. Right now price is at September close where we are likely to see a reaction. This is not a financial advise.

ICFX

Agressive hiking from FED managed to break the euro. FED - ECB battle seem to have been lost by the EUR party. Bearish evening star off 1.05 predicts further drop (the lack of major reaction at 1.05 is disturbing for euro pointing to 1.0 (possibly 1.025) as the next key support. Yet in May this year Reuters reported on the possible EURO crash in response to the...

ICFX

Here I just wanted to demonstrate that anyone who trades USD should keep in mind that US Inflation Report (so called CPI) can literally blow your account. Hence it would be unwise to ignore it thinking that trend will continue your way. Reversals and pullbacks resulting from Inflation data are not small, usually more than 100 pips. This is one of the thing that...

ICFX

Eur / Dollar trends tend to last from one NFP release to the next one. Interest Rates decision add fule to those trends. Hence I woul definitely look for bullish setup with the start of next month. At the moment its still too risky to go long but we are approaching the end of the downtrend trigerred by NFP realease on April 28th. Price action after June 2nd will...

ICFX

As you see, NFP days more than often trigger major reversals on daily, even reversals from yearly tops. Likewise, breakouts and big moves on daily are also triggerred by NFP days. FOR EDUCATIONAL PURPOSES ONLY!

ICFX

As you see NFP release days often generate reversals, minor pullbacks on daily or are at the beginning of big moves, acting as catalysts. Though I dont believe in big NFP reversal starting on low volume trading days, as we are in Easter Holidays. Hence today´s NFP day may go unnoticed as most of traders are gone for Easter holidays. But otherwise we could see a...

ICFX

Nothing chnaged in ECB driven uptrend. We see minor pullbacks but eventually price is trending up. FOR EDUCATIONAL PURPOSES ONLY!

ICFX

13 minutes ago See how EURUSD is moving from Interest Rate Decision to Interest Rate Decision. For educational purposes only.

ICFX

Bank of England keeps adding the fuel to GBP by raising the hikes. The yearly R1 pivot is at 1.37. That is where we might see GBP this year. FOR EDUCATIONAL PURPOSES ONLY.

ICFX

Next target for EURUSD is 1.10 which very likely will be broken. But we will se a reaction there. TD breakout projection sends us to 1.10 as well. Breakout candle was good. I dont exclude a pullback to 1.075. The uptrend channel is super sharp and is driven by ECB hikes. FOR EDUCATIONAL PURPOSES ONLY.

ICFX

See how FED and ECB Interest Rates impact EURUSD, not technicals. Fundamentals are prime reasons behind the yearly moves. When trading forex Interest Rates play the key role. Price is likely to end at yearly R1 or R2 (that is very common) and next a few weeks price is likely to keep moving up at rapid speeds, with greater volatility if to compare to 2020 as ECB...

ICFX

2023 might be one of the most violatile years in eur history as it is a long time since we saw such agressive hikes on the part of ECB during every meeting. This will be pushing EUR further up. Traditional pivot R1 resistance is even higher than 1.15. Price is likely to end somewhat above 1.15 (above yearly Camarilla R3). FOR EDUCATIONAL PURPOSES ONLY.

ICFX Updated 

EURUSD Analysis. 4 hrs chart. TD Trendline Breakout Projection sends us below 1.05. 1.05 is strong support and big psychological round level and price is likely to bounce there. FOR EDUCATIONAL PURPOSES ONLY!

ICFX

Considering tomorrow´s ECB decison (+50 points agressive hike vs coming +25 FED hike) we might see a change in trend and EUR is likely to move higher. 2023 EURUSD bullish move was driven by ECB hiking rates and they will keep raising them in the next two meetings (16.03 and 02.05) to 4. Hence EUR is likely to keep trending higher intil May 2. After May 2 meeting...