EURUSD 8-12 Apr 2024 W15 Weekly Analysis - EU Rate / US CPI PPI

7 באפר׳

This is my Weekly analysis on EURUSD for 8-12 Apr 2024 W15 based on Smart Money Concept (SMC) which includes the following Time Frames:

1. Weekly
   
2. Daily
   
3. 4H
   
4. Economic Events
   

Weekly Chart Analysis

https://www.tradingview.com/x/3sIvs9XB/

1.

• Swing Bearish
  
• Internal Bearish
  
• Reached Swing EQ
  
• Swing Continuation (Pro Swing + Pro Internal)
  

2.

• After the Bearish iBOS we confirmed that the Swing Pullback is over and we will target the Weak Swing Low.
  

3.

• Price had reached the Bearish INT Structure extreme and initiated the Bearish Internal Structure Continuation.
  
• Expectation is to continue bearish and target he Weak INT Low.
  

Daily Chart Analysis

https://www.tradingview.com/x/4f3kaIhy/

1.

• Swing Bearish
  
• INT Bearish
  
• Swing Continuation / INT Continuation
  

2.

• After the Bearish iBOS we confirmed that the Swing Pullback is over and we are expecting price to target the Weak Swing Low.
  
• Also after iBOS we expected a pullback which was initiated after the Bullish CHoCH which formed a demand that is currently showing reaction from causing a Bullish CHoCH.
  

3.

• Price didn't reach a HP POI to continue down, but price seems to be reacting from the Liq on the left.
  
• With the current PA, expectation is set to target the Weak INT Low and further to the Weak Swing Low.
  

4.

• Daily and Weekly demand zones for reactions once reached.
  

4H Chart Analysis

https://www.tradingview.com/x/7XVvNyPJ/

1.

• Swing Bearish / Continuation
  
• INT Bearish / Pullback Phase
  

2.

• Price reached the INT Structure EQ / Premium and swept the Liq. on the left from the bearish INT Structure Leg.
  
• As the 4H Swing and INT are bearish, expectation is after the pullback to continue bearish.
  
• Price had tapped into the Daily Demand zone and showing a reaction from. OF is still bullish a confirmation of bearish continuation will be confirmed with a Bearish ChoCH.
  

3.

• After the bearish iBOS, price mitigated the Daily demand and initiated the INT Structure Pullback.
  

Economic Events for the Week

https://www.tradingview.com/x/uOPDMK91/