Technical Analysis

On Thursday, the EUR/USD pair continued its upward movement and reached the 127.2% Fibonacci retracement level at 1.1712. A rebound from this level would favor the U.S. dollar and a potential decline toward the 1.1645 and 1.1574 levels. A daily close above 1.1712 would increase the likelihood of further growth toward the next level at
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Fundamental Overview The US dollar yesterday got bid across the board in the European session with no strong fundamental background which suggested that it could have been just some position squaring given the overstretched shorts on the dollar. Sure enough, the gains were eventually completely erased and the greenback got sold off pretty hard on
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On Friday, the EUR/USD pair continued to rise after rebounding from the 76.4% corrective level at 1.1454. However, on Monday night, the pair returned to this level. A new rebound allows for expectations of renewed growth in the euro toward the 100.0% corrective level at 1.1574. A consolidation of the pair’s rate below 1.1454 would
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On Wednesday, the EUR/USD pair resumed its decline after a short pause and by Thursday morning settled right around the 76.4% Fibonacci retracement level at 1.1454. A rebound from this level will support the euro and lead to a slight rise toward the 100.0% Fibonacci level at 1.1574. A firm consolidation below 1.1454 would increase
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TradeCompass: Nasdaq Price Prediction and Futures Analysis for Today (January 29, 2025) At the time of this Nasdaq futures analysis, NQ is trading at 21,559. Below is the detailed breakdown of today’s bullish and bearish scenarios for Nasdaq futures, aligned with the TradeCompass methodology. Bearish Scenario for Nasdaq Futures Today We turn bearish if the
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High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
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