BUY EURUSDMore confirmation on why this is bullish. Previous resistance has created a strong support at this level. Bears are unable to break below. Long targets 0.9960 stops are below 0.9800 This should be a strong trend changer trade of the week. This will inform us if the trend has shifted. Use proper money management.
Buyeur
EURUSD ANALYST: AMUN SULED ➖ COMPANY: OCSI CAPITAL MANAGEMENT ➖
IMPORTANT INFORMATION:📌
- ORDER FLOW :
* LSB: breaker retest
* PROJECTED TP :
* PROJECTED SL:
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EURNZD - MONTHLY TREND - 18. SEPTEMBER 2018WELCOME TO DACAPITAL TRADING!!
MONTHLY FOREX MASTER SIGNAL
4 HOUR
Testing last H4 Lows expecting bullish pressure now following mid term trend
DAILY
Bearish Daily pressure occurred and took out last h1 long holders
WEEKLY
Overall very bullish, following this movement!
LEVELS
BUY EURAUD @ 1.61650
SL @ 1.59530 (210 Pips)
TP @ 1.64010 (230 Pips)
SL TO BREAK EVEN @ Hit of 100% Fib Level
„Monthly Trend follow with small RR and Higher Winrate.“
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EUR/NZD BUYOpportunity
BUY EUR/NZD
Fundamentals
Recently Data in the Eurozone has been improving and there is much talk about when the ECB will start the process of tapering their QE program. Although inflation figures can be misleading to the untrained eye it is important to focus on what the Central Bank is Basing it's decisions on. Inflation increased by 1.3% in June a slightly lower figure than the months before but if you remove the volatile prices of energy, Alcohol and tabbaco then core inflation went up to 1.1% from 0.9% in May. These will be the figures the ECB will be making policy decisions from making the EURO A strong currency at the moment.
There are plenty of weak currencies out there to match the Euro against however a lot of them have already had a good bullish run and possible looking at consolidation. The calendar next week picks the NZD as potentially weak, albeit it might be short term it is enough to tern a profit. The GDT index came in weaker last week which is 20% of New Zealands GDP and Monday evening is to see the release of CPI q/q expected to drop from 1.0% to 0.2% which could cause a temporary sell of in the NZD.
Technicals
Their is a good level of support for this currency pair at the 15550 level which is also a 50% fibonacci retracment level from the trend reversal at 15460. This would be a good place to enter with a target at the most recent peak of 15850 and a stop loss around the 15500 level.
Trade Management
The 161.80 extension from 15550 brings us an initial take profit or stop loss move level of 15700 so we will be possibly looking to make changes at this point. If NZD CPI comes in better than expected then this trade set up will be void.