top of page
Writer's pictureK9 Investments

EURUSD Daily Market Analysis 17th Oct 2024 by K9 Investments Trading

💬 WhatsApp K9 Investments Trading at www.k9investmentstrading.com for FREE Gold Forex Live Trade Setups & Market Analysis.


 current market price of 1.08536 USD


Intraday Signals for EURUSD

For more signals and detailed analysis, visit www.k9investmentstrading.com.

🥇 Join Our FREE Telegram Channel: @K9_Investments_GoldTrading

Get 60+ Free eBooks:

Signal 1:

  • Buy Entry: 1.08350

  • Stop Loss: 1.08120

  • Take Profit 1: 1.08800

  • Take Profit 2: 1.09050

Signal 2:

  • Sell Entry: 1.08920

  • Stop Loss: 1.09200

  • Take Profit 1: 1.08450

  • Take Profit 2: 1.08100

🔹 These signals are based on key Fibonacci retracement levels and support and resistance points visible on the daily and 4-hour timeframes.

Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital, and you should only trade with money you can afford to lose. Not Financial Advice. Trade at your own risk. Take Partial Profits, Use Strict Stop Loss, and Proper Risk Management.


EURUSD Market Analysis – Daily & 4-Hour Time FramesOverview

The EURUSD pair is trading near 1.08536, showing mixed momentum as market participants await key USD news releases this week. The pair remains range-bound between major support and resistance levels.

Technical Indicators Analysis

1. Support & Resistance Levels

  • Daily Support: 1.08250

  • Daily Resistance: 1.08950

  • 4-Hour Support: 1.08300

  • 4-Hour Resistance: 1.08880

2. Fibonacci Retracement Levels

Using the recent high at 1.09500 and the low at 1.08050, the key Fibonacci levels for the day are:

  • 23.6% Retracement: 1.08480

  • 38.2% Retracement: 1.08700

  • 61.8% Retracement: 1.08930

3. Exponential Moving Averages (EMA)

On the Daily Time Frame:

  • 50 EMA: 1.08450

  • 100 EMA: 1.08750

  • 200 EMA: 1.08900

  • 400 EMA: 1.09300

On the 4-Hour Time Frame:

  • 50 EMA: 1.08320

  • 100 EMA: 1.08620

  • 200 EMA: 1.08920

  • 400 EMA: 1.09150

4. RSI Divergence

The RSI (Relative Strength Index) on the 4-hour chart indicates a mild bullish divergence, suggesting that a reversal from the 1.08300 support level could push prices toward 1.08880 in the short term.

5. Order Blocks

Notable order blocks are visible around 1.08250 (demand) and 1.08950 (supply), highlighting potential areas where large market participants might enter positions.

6. MACD Analysis

The MACD histogram on the daily chart shows decreasing bearish momentum, with the signal line approaching a potential crossover. This could signal a bullish move in the upcoming sessions if confirmed by price action.

Fundamental Analysis

📉 Upcoming USD News Events:

  • Federal Reserve Meeting Minutes – Expected later this week. Any hints toward monetary tightening could result in EURUSD volatility.

  • US Consumer Price Index (CPI) – Scheduled for release next week, this is a key indicator for inflation trends, and could significantly impact the USD’s strength against the Euro. Traders should remain cautious as volatility may increase around these events, potentially affecting EURUSD price action.

Daily Analysis Summary by K9 Investments Trading www.k9investmentstrading.com

🥇 FREE Telegram Channel: @K9_Investments_GoldTrading

Get 60+ Free eBooks:


EURUSD

📊 Key Levels:

  • Daily Support: 1.08250

  • Daily Resistance: 1.08950

  • 4-Hour Support: 1.08300

  • 4-Hour Resistance: 1.08880

EMA Levels on Daily Time Frame:

  • 50 EMA: 1.08450

  • 100 EMA: 1.08750

  • 200 EMA: 1.08900

  • 400 EMA: 1.09300

EMA Levels on 4-Hour Time Frame:

  • 50 EMA: 1.08320

  • 100 EMA: 1.08620

  • 200 EMA: 1.08920

  • 400 EMA: 1.09150

Weekly Pivots:

  • R1: 1.09100

  • Pivot: 1.08650

  • S1: 1.08350

Daily Pivots:

  • R1: 1.08800

  • Pivot: 1.08550

  • S1: 1.08300

Fibonacci Retracement Levels:

  • 23.6%: 1.08480

  • 38.2%: 1.08700

  • 61.8%: 1.08930

FAQs

1.Why is K9 Investments the best signal provider? K9 Investments offers FREE signals, daily market analysis, ebooks, and educational resources to traders worldwide, especially in regions like Dubai, India, and Singapore.

2.Which brokers are trusted for Gold Forex Crypto trading?We recommend brokers based on client feedback:


3.How do I start trading Forex in Dubai? Start by opening an account with trusted brokers like Exness and FP Markets. Learn more through K9's educational resources. 4.What are the advantages of using VIP Forex signals? VIP signals provide precision, allowing traders to profit from major market moves. Join our Telegram for FREE VIP signals!

5.Is Gold trading profitable in 2024? Yes! With a volatile market and expert analysis from K9 Investments, Gold trading remains one of the most lucrative opportunities.


6.How Can I Start My Forex, Gold, or Crypto Trading Journey?

Starting your trading journey with K9 Investments is simple. Open an account with one of the recommended brokers, such as Vantage, Exness, or XM, and join our FREE Telegram Channel for daily signals and market analysis. You'll receive educational support, trade setups, and risk management tips to help you succeed.

Check out our Brokers for starting your trading journey:


7.What’s the best Forex strategy for beginners in India? Beginners should focus on mastering technical analysis using EMAs, pivots, and Fibonacci retracement. Learn from K9’s education blog. Hashtags: #GoldTrading #ForexTrading #GoldAnalysis #Kohinoorfreevipsignals #ForexSignals #VIPSignals #FreeSignals #XAUUSD #Analysis #Daily #Education

Comentários


bottom of page