forex software

Create and Test Forex Strategies

forex software

Skip to forum content

Forex Software

Create and Test Forex Strategies

You are not logged in. Please login or register.


(Page 1 of 2)

Forex Software → Market Analysis → EURUSD Forecast - Technical Analysis

Pages 1 2 Next

You must login or register to post a reply

RSS topic feed

Posts: 1 to 25 of 26

1 (edited by getknowtrading 2022-07-16 06:01:00)

Topic: EURUSD Forecast - Technical Analysis


The price has moved strongly down on Monday and on Tuesday the price reached parity.

The Friday closed above previous days bodies close so it is a small indication price could move upwards.

The price is now in the downtrend channel and supply zone above could push the price down.

A small retrace to the first resistance could be all that we could see from bulls.

Learn how to trade on the Forex market - https://www.getknowtrading.com/

2 (edited by getknowtrading 2022-07-23 05:44:46)

Re: EURUSD Forecast - Technical Analysis

The price on Monday has made a first step to make a breakout reaching first resistance level $1.01368 and breaking above with a wick

This was a small signal the price will reach a higher level because the small breakout from the previous week’s small range.

The next week’s target is to break above $1.02975 resistance level.

Because the price is right in the middle between support and resistance levels it is good to wait until the price reaches a lower level close to $1.01368

Learn how to trade on the Forex market - https://www.getknowtrading.com/

3 (edited by getknowtrading 2022-07-30 05:18:39)

Re: EURUSD Forecast - Technical Analysis

https://youtu.be/_u4eRoPPuUg

The price started with an indecision candle where the bulls and bears could not take the price to higher or lower levels.

On Tuesday the price strongly moved down making a breakout from the small range that has formed in the previous week.

On the upside we have $1.03600 as a bulls target where the price needs to break above $1.02660 to reach higher levels.

We have now a downtrend resistance line that is on the $1.02975 which will make small pressure on the price and prevent reaching higher levels.

Post's attachments

EURUSD Daily Forecast 30_7_2022.png
EURUSD Daily Forecast 30_7_2022.png 43.14 kb, file has never been downloaded. 

You don't have the permssions to download the attachments of this post.
Learn how to trade on the Forex market - https://www.getknowtrading.com/

4 (edited by getknowtrading 2022-08-14 10:33:16)

Re: EURUSD Forecast - Technical Analysis

We had a false breakout to the upside where the second candle had returned the price back inside the price range.

When the price reached the resistance line the price broke to the upside and closed the day above price range.

The price could reach $1.02000 level to find better support for future move up.

We now have a price between upper level of a price range and resistance level at $1.02975 which needs to define where the price will move.

Learn how to trade on the Forex market - https://www.getknowtrading.com/

5 (edited by getknowtrading 2022-08-20 05:53:56)

Re: EURUSD Forecast - Technical Analysis

At the end of the week strong selling pressure took the price below $1.01368 support and reached almost parity.

Small bounce back to $1.00700 is likely because this level is a small resistance level where price reacted when moving down.

Long term target is $0.99134 as a strong demand zone where the price will stop moving down.

For now we can expect $1.0000 as a first support and then $1.0070 as a first resistance level.

Learn how to trade on the Forex market - https://www.getknowtrading.com/

6 (edited by getknowtrading 2022-08-27 05:37:58)

Re: EURUSD Forecast - Technical Analysis

The first day of the trading week the price reached parity and on Tuesday it reached $0.99000

Both, bulls and bears, are pushing in the thier direction, but the last two days shows bulls trying to move the price higher.

In the next week I am expecting the price to make a breakout to the upside reaching $1.00400 which is above previous candle wicks.

From there we need to see will the price return down because of selling pressure or it will stall and try to break to higher levels.

Learn how to trade on the Forex market - https://www.getknowtrading.com/

7 (edited by getknowtrading 2022-09-03 06:01:35)

Re: EURUSD Forecast - Technical Analysis

The price broke out on Monday with a small bullish candle which continued for the next two days.

The price managed to reach the first small supply zone around $1.00570 and then stopped.

For the next week we need to wait for the price to make its way outside of the indecision area like this week.

If the price breaks out to the downside and the second candle closes below the first candle it will be indication of bearish pressure and price will mode to $0.96716 support level.

Learn how to trade on the Forex market - https://www.getknowtrading.com/

8 (edited by getknowtrading 2022-09-11 20:44:37)

Re: EURUSD Forecast - Technical Analysis

The breakout was a false one on Tuesday and what usually happens after a false breakout the price moved in the opposite direction.

Friday shows price decline after traders taking profits around $1.01368 who bought the price at the $0.99314 which activated a sell off returning the price down.

Next week we need to see the price above the small downtrend channel resistance line with daily close above which will allow price reaching $1.01368 level.

We can expect bearish candle at the confluence area of resistance with price targeting to reach the upper side of the current indecision area which is around $1.0000.
Currency strength meter
https://currencystrengthmeter.app/

Post's attachments

EURUSD Daily Forecast 11.9.2022 CSM.png 23.5 kb, file has never been downloaded. 

EURUSD Daily Forecast 11_9_2022.png
EURUSD Daily Forecast 11_9_2022.png 49.6 kb, file has never been downloaded. 

You don't have the permssions to download the attachments of this post.
Learn how to trade on the Forex market - https://www.getknowtrading.com/

9 (edited by getknowtrading 2022-09-17 06:07:29)

Re: EURUSD Forecast - Technical Analysis

The price opened a week with a gap to the upside and reached the weekly target mentioned last week.

The strong bullish trigger to the upside pushed the price higher and the price reached $1.01960.

The price still needs to break above the small downtrend channel resistance line and small supply zone slightly above that resistance line.

And then the strong supply zone around $1.01368.
https://currencystrengthmeter.app/

Post's attachments

EURUSD Daily Forecast 17.9.2022 CSM.png 31.86 kb, file has never been downloaded. 

EURUSD Daily Forecast 17_9_2022.png
EURUSD Daily Forecast 17_9_2022.png 67.83 kb, file has never been downloaded. 

You don't have the permssions to download the attachments of this post.
Learn how to trade on the Forex market - https://www.getknowtrading.com/

Re: EURUSD Forecast - Technical Analysis

On Monday the price formed a bullish candle with daily close above previous day candle close.

This was indication the price is continuing moving in the same direction as the previous week has ended.

The first small support and demand zone that will hold the price is $0.96000 price that acted as a support in the previous bearish attempt to reach lower levels.

From there we can expect the price to return back up and if the bulls are strong enough the price could reach the first supply zone at $0.98300.

Post's attachments

EURUSD Daily Forecast 24_9_2022.png
EURUSD Daily Forecast 24_9_2022.png 49.36 kb, file has never been downloaded. 

You don't have the permssions to download the attachments of this post.
Learn how to trade on the Forex market - https://www.getknowtrading.com/

11 (edited by getknowtrading 2022-10-01 05:17:01)

Re: EURUSD Forecast - Technical Analysis

The price reversed from that demand zone and formed a strong bullish engulfing candle that took the price back to downtrend channel resistance line which is a small confluence of resistance with supply zone at $0.98300.

Higher price level where we can expect the price is around $0.99134 which is the first strong resistance for the price.

On a weekly time frame and monthly time frame we have a price in between support and resistance level where a bullish scenario is likely on a short term.

Post's attachments

EURUSD Daily Forecast 1_10_2022.png
EURUSD Daily Forecast 1_10_2022.png 44.23 kb, file has never been downloaded. 

You don't have the permssions to download the attachments of this post.
Learn how to trade on the Forex market - https://www.getknowtrading.com/

Re: EURUSD Forecast - Technical Analysis

Previous EURUSD forecast mentioned the price could reach $0.99134 and the price succeeded in the first two days.

With closing below support level and on Thursday testing $0,99134 as a resistance level it was a confirmation the price will move down.

The price is falling down and the next support is at $0.96716 where we have a demand zone where the sellers will get out.

The bounce from $0.96716 is likely to reach $0.97000 and then $0.98000 which are smaller resistance levels.

Post's attachments

EURUSD Daily Forecast 8_10_2022..png
EURUSD Daily Forecast 8_10_2022..png 49.11 kb, file has never been downloaded. 

You don't have the permssions to download the attachments of this post.
Learn how to trade on the Forex market - https://www.getknowtrading.com/

Re: EURUSD Forecast - Technical Analysis

The price had indecision on Tuesday and Wednesday which shows sellers and buyers strength to move the price in their direction.

This shows a false breakout from the indecision area to the upside so we could expect a move to the downside at least to the $0.96716.

The daily overview shows that the price could return back down to $0.96716 support level, but there is no clear signal that the price has enough strength to move down below this support level.

This means if the price closes below on a daily time frame we will see the price heading down to $0.96000 which is the first support level.

Learn how to trade on the Forex market - https://www.getknowtrading.com/

14 (edited by getknowtrading 2022-10-22 05:21:02)

Re: EURUSD Forecast - Technical Analysis

The price did not return back down and test the $0.96716, but it moved to the upside and tested the previous small resistance as a support level.

Since the price managed to close the day above previous daily candles this is indication we will see the price more higher.

The next level for the price is $0.99134 which is the next target in the coming week.

The $0.99134 could be a first level for the bulls to change the market bias from selling into buying trend.

Post's attachments

EURUSD Daily Forecast 22_10_2022..png
EURUSD Daily Forecast 22_10_2022..png 49.56 kb, file has never been downloaded. 

You don't have the permssions to download the attachments of this post.
Learn how to trade on the Forex market - https://www.getknowtrading.com/

Re: EURUSD Forecast - Technical Analysis

The price closed above $0.99134 which was the resistance level and supply zone that was holding the price for a while.

The breakout was confirmed on Wednesday when the second bullish candle formed and reached $1.00900 level.

The next week on Monday will be the last day in this month which is an important day to watch.

So, if we see Monday close above current price and stay above $0.99134, we will see prices on higher levels in the next few days and weeks.

Post's attachments

EURUSD Daily Forecast 29_10_2022..png
EURUSD Daily Forecast 29_10_2022..png 38.03 kb, file has never been downloaded. 

You don't have the permssions to download the attachments of this post.
Learn how to trade on the Forex market - https://www.getknowtrading.com/

16 (edited by getknowtrading 2022-11-05 06:27:43)

Re: EURUSD Forecast - Technical Analysis

The Monday candle has closed below support level and continued to move down in the following days.

On Tuesday we have a bearish Pin bar suggesting move down after testing the previous support now as a resistance at $0.99134.

Weekly candle has closed as a bullish Pin bar on the critical level at $0.99134.

The next level for the bulls is $1.00400 on a weekly time frame and daily time frame.

Post's attachments

EURUSD Daily Forecast 5_11_2022..png
EURUSD Daily Forecast 5_11_2022..png 50.19 kb, file has never been downloaded. 

You don't have the permssions to download the attachments of this post.
Learn how to trade on the Forex market - https://www.getknowtrading.com/

17 (edited by getknowtrading 2022-11-12 06:25:27)

Re: EURUSD Forecast - Technical Analysis

The price formed a strong bullish engulfing bar breaking $1.01368 resistance level.

On Friday the price returned down close to $1.01368 and tested this demand zone as a support and then returned back up and broke the $1.02669 resistance level.

Week ahead will show some price fall to the first support at $1.02669 and probably to $1.01368 as a weekly support level.

The $1.03920 is the zone that will confirm an uptrend for the EURUSD after the price broke outside from the downtrend.

Post's attachments

EURUSD Daily Forecast 12_11_2022..png
EURUSD Daily Forecast 12_11_2022..png 44.75 kb, file has never been downloaded. 

You don't have the permssions to download the attachments of this post.
Learn how to trade on the Forex market - https://www.getknowtrading.com/

Re: EURUSD Forecast - Technical Analysis

We can see on the chart the price formed a small bullish Pin bar on Monday and the price started to move to a higher level.

The price broke above $1.01368 on Tuesday, but the price returned back down.

I am expecting the price to move down slightly, around $1.02000 or above, and continuing to move up.

Post's attachments

EURUSD Daily Forecast 19_11_2022..png
EURUSD Daily Forecast 19_11_2022..png 60.15 kb, file has never been downloaded. 

You don't have the permssions to download the attachments of this post.
Learn how to trade on the Forex market - https://www.getknowtrading.com/

Re: EURUSD Forecast - Technical Analysis

EURUSD Forecast –$1.05825 is the Next Target


The price continued its move to $1.02669 on Monday, but since Tuesday the price was forming bullish candles.

The price reached the demand zone around $1.02669 where we have a confluence of support and from there the bulls pushed the price upwards.

The next level for the bulls is at $1.05087 where we have small daily resistance, but the final target is $1.05825 which is the weekly and monthly target.

So, we have almost 200 pips free area to reach from the current level in the next week and then the price could stop because there is stronger resistance in front.

Post's attachments

EURUSD Daily Forecast 26_11_2022..png
EURUSD Daily Forecast 26_11_2022..png 46.58 kb, file has never been downloaded. 

You don't have the permssions to download the attachments of this post.
Learn how to trade on the Forex market - https://www.getknowtrading.com/

Re: EURUSD Forecast - Technical Analysis

EURUSD Forecast –$1.07825 is the Monthly Target


The price formed a bearish Pin bar on a Monday and the price returned back down close to $1.02669 which is daily support level.

The price did not stay for too long because the demand zone around $1.02669 pushed the price up on Wednesday with a strong bullish candle.

We have monthly, weekly and daily time frame suggesting the price will continue to move up.

This move predicts future move to the upside and the next target for this month is $1.07825 as a next resistance for the price.

Post's attachments

EURUSD Daily Forecast 3_12_2022..png
EURUSD Daily Forecast 3_12_2022..png 45.78 kb, file has never been downloaded. 

You don't have the permssions to download the attachments of this post.
Learn how to trade on the Forex market - https://www.getknowtrading.com/

Re: EURUSD Forecast - Technical Analysis

EURUSD Forecast –$1.05825 is the Key Level for the Bulls


The price started to move up on Monday and it reached $1.05825 resistance level where the price bounced and returned down and closed the day below $1.05087.

On Friday the price bounced again from the $1.05825, but we need to have in mind that a Friday is the day when traders get out from their trading.

With $1.05087 as a support level we could see a price for a while between $1.05087 and $1.05825 because we have three resistance levels.

If the price manages to move above $1.05825 it will have an open road to $1.07825 which is the monthly and weekly resistance level.

Post's attachments

EURUSD Daily Forecast 10_12_2022..png
EURUSD Daily Forecast 10_12_2022..png 55.23 kb, file has never been downloaded. 

You don't have the permssions to download the attachments of this post.
Learn how to trade on the Forex market - https://www.getknowtrading.com/

Re: EURUSD Forecast - Technical Analysis

EURUSD Forecast – Key Level $1.05825 Under Testing


The price has started the week with an indecision candle where the price has touched $1.05825 resistance and $1.05087 as a support level.

Now the price is on the support level $1.05825 that should hold so the price can move again on higher levels.

Weekly time frame shows $1.05825 is still not broken on the upside, so we need to wait until the market manages to close the week above.

If the price closes below $1.05087 this will be a sign the price is heading to the demand zone to $1.03920 where the bulls were strongest and where the price could find a base for the next move up towards $1.07825.

Post's attachments

EURUSD Daily Forecast 17_12_2022..png
EURUSD Daily Forecast 17_12_2022..png 35.16 kb, file has never been downloaded. 

You don't have the permssions to download the attachments of this post.
Learn how to trade on the Forex market - https://www.getknowtrading.com/

Re: EURUSD Forecast - Technical Analysis

EURUSD Forecast – Breakout Confirmed, Target $1.07825


The price managed to continue to move up and eventually broke above $1.06736.

On Friday the price closed the day above $1.06736 resistance line which opened a door for the price for future move to the upside towards $1.07825.

If we take a look at the monthly time frame we can see the price has managed to close above the downtrend channel resistance line.

That means the price is free to move up and reach $1.07825 level.

//-------------------//------------------//---------------//--------

GBPUSD Forecast – Bearish Pin Bar Risk, $1.22000 Key Level


The price started the week with a small bullish candle and ended the week with a small bullish candle which makes the week bullish.

Thursday and Friday candles returned the price higher and closed the week as a bullish.

The price is now inside the indecision area which the price needs to break to determine future move.

With these strong resistance levels the price will have a hard time to break above, but if the price manages to close above $1.22000 level the next target is $1.23000 which is the next confluence of resistance levels on a daily and weekly time frame.

Learn how to trade on the Forex market - https://www.getknowtrading.com/

Re: EURUSD Forecast - Technical Analysis

EURUSD Forecast – $1.07825 Confirmed, $1.08846 Breakout Needed


It was mentioned that the price is in between support and resistance level, between $1.07825 and $1.08846, and it needs to move somewhere outside of this range.

The price did not move outside, but bounced between these two levels.

We can expect that the price will have trouble breaking the $1.08846 resistance level because we have a monthly trendline that is making another resistance for the price.

The target after the price break $1.08846 is $1.09100 – $1.09200, which is the first daily resistance before heading to $1.09800.

//-----------------
GBPUSD Forecast – Price Heading to $1.24600


The Pin bar formed right on the support level, but the support was without confirmation.

The bearish Pin bar was cancelled with Tuesday’s strong bullish engulfing bar that was a confirmation that the price will see higher levels.

The price is heading to $1.24600 which is the next resistance level.

If the price manages to close above $1.24600 the next target will be weekly resistance level at $1.26000.

Learn how to trade on the Forex market - https://www.getknowtrading.com/

Re: EURUSD Forecast - Technical Analysis

EURUSD Analysis Today 28.1.2023 - Week Ahead Forecast



GBPUSD Analysis Today 28.1.2023 - Week Ahead Forecast

Learn how to trade on the Forex market - https://www.getknowtrading.com/

Posts: 1 to 25 of 26

Pages 1 2 Next

You must login or register to post a reply

Forex Software → Market Analysis → EURUSD Forecast - Technical Analysis

Similar topics in this forum