Currencytrading
Bullish gartley vs Symmetrical triangle faceof!will be an interesting trde..
My expectation is a breakdown from the triangle will occur then a true breakout
In a totallu=y diff scene a stright up breakout may happen also..Will decide the entry , the take profit regions are market sin green..
CurrencyShares Euro Trust (FXE) Bear Put SpreadCase for FXE Bear Put Spread
Next week’s ECB meeting seems unlikley to result in increased rates tapering while the Fed is actively unwinding QE
Softer EU inflation data, manufacturing PMI’s, and Italian elections keep pressure low on Draghi to tighten despite solid GDP statistics
Recent US equity spike in volatility likely to be top of ECB voters’ minds.
Target $112 by end of Q2 2018 but $108 if major European stress event occurs
EUR/USD catching its breatheThe Euro had a nice swing downwards to the 1.22 area. Good pips for anyone who hopped aboard. I'd take profits and watch for price to indicate what to do next. We could see a firm bounce from this area or a break and run to 1.126 trendline area.
I marked the last time price was in this area. We can use this price action to determine the likely outcome of what price will do this time as well. We see a big red candle going down to the area followed by two indecision candles and an explosion of green up to 1.25. I expect price to do something similar but not quite reach the 1.25 area again. The 1.35 area is more likely as we don't have much in the way of the fundamentals coming out this week besides the CPI flash estimate for the EUR which shouldn't have too much of an impact. I expect the southward dip to continue.
BUT as this is a free-flowing market, anything can happen at any time. Let price determine its direction and hop aboard.
As always do your own Due diligence, don't trade blindly, Keep Calm and Forex.
Time for DXY to make up its MindPrice is entering an area of decision. Will we continue the range that started back on Jan, 12th or will we see a breakout to the upside with 91.00 being our target? Either way, the price action of the next few days will tell all. We don't have any major data points coming out, so look for Fed Speak or unexpected events to have a bigger impact than usual this week.
Let price action determine which way we will go next. Look for the break of 90.60 to test 91.00 or a firm rejection of the area to the make a play south to the 89.70 area.
EURGBP - Down The Wedge Or Upside?EURGBP is testing 50% fib.retrace ---> if breaks the downside is more likely to happen. MACD crossed but and is now going further downside - almost entered into the negative zone. Notice that inside of this wedge there is a triangle patter. So i think the further drop down is really possible. Aroon UP is loosing its power over Aroon Down which means that the downside is coming.
Please REMEMBER that I give you my observations, you form your own opinion and trade it accordingly!
Please NEVER forget to do your own research before considering any investment. Fundamental analysis is also crucial so you have to read the news, updates and about the upcoming events related to a particular blockchain project.
Hope you will find my analysis useful! Stay safe ----> Hedge ----> Diversify ----> Be cautious! - Together we will beat the market!
USD/JPY OverextendedU/J is overextended to the southside. Needs some room to breathe. Look for a bounce here to around 108.25, if that area is broken look for price to test 109.50 then 110.25. The US still is one of the strongest economyies in the world. Recent weakness across the board for the dollar is centered around political noise like the possibility of a government shutdown.
Trade idea becomes invalid if price continues south. takes out the 105.50 area and holds on the retest.
As always do your own due diligence and homework before entering any trade. Keep calm and trade forex.
Euro/USD ready to head southThe pair formed a clear double top at the 1.25 area. Look for the continuation of the move south to the 1.22 area. If price breaks that area look for a play towards the trendline. Zoom in on price action to see the double top more clearly.
Always have a plan. Idea becomes invalid if price breaks north above the 1.255 area and holds.
Remember always make your own choices and do your own due diligence when it comes to trading.
No one can protect your money better than you.
Good luck Traders.
USD/JPY is going to continue the pattern?I noticed this "Triangle" pattern. If it doesn't break the bottom line -----> Long position up to 110.800 ?
Look at the RSI as well!
EUR/NZD is currently at interesting point! Breaks or NOT?Looks like EUR/NZD is about to show us something interesting. If it breaks the line -----> Bearish trend down to 1.62000 level
If it won't break the line -----> then we will see a further upward movement possibly up to 1.74000. Fundamentals are in favour of EUR!
So let's keep an eye on this lovely currency pair!
DXY dollar strength should continueThe strengthening of the dollar should continue now that the possibility of a government shutdown is behind us. We should see the dollar reach the 89.40 area. If we can hold there price will continue to around 90.00. The key figure to watch with this rally will be Thursday's CPI inflation data. We should see an on par or better than expected figure but if not. Expect price to show it and for the DXY to turn south and break the 88.50 area and even possibly the 88.20 area for a new low.
Trade idea becomes invalid if price doesn't hold the 88.90 area on the small pullback coming.
As always do your own due diligence and homework when it comes to trading. Have a plan and stick to it.
Keep calm and forex
GBP/JPY commentary and forecast 17 Feb 2018We all know why there was a drop. That's because it was BREXIT. Although volatility and excitement are what drives major trades on this pair. I can see in the long run the GBP gaining strength as its economy develops faster in response to Brexit. I see the pair reaching the 163 mark beginning os July.
EUR strong againest USD 16 Feb 2018.If one were to take away the multiplicity of hurdles facing a weaker USD. Then one would realize that the real reason the USD is weaker against the EUR is that there are stock market factors. The DOW plunged recently wiping off $5 Trillion. If the Eur remains at the $1.24 level then it looks surely to reach the $1.26 mark.
Long Term Outlook Yen Feb 14 2018The Yen experienced upheaval in late 2017. Foreign industrial orders for cars and durable goods affect the volatility heavily during times of trade. Now is no different, When you have a stronger currency then it implies that stocks will be at more of a bargain. As stock prices gauge the power of a currency. The increasing separation between Topix prices correlation to the value of Yen. I see these upcoming meetings smoothing out the exchange rate long term. As there won't be any negative correlation between Japanese stocks and the value of the Yen. And instead will proceed to the usual industrial orders months later.
VERGE Downtrend: Whales will take profitsIn few days we will see big drops in Verge, if you like risky can buy at 680 sat, next level to buy is 490 satoschi.
Buying now is very riky because verge is very pumped, and a lot of people want to make profits.
You just look at the past.
short to 95, margin long from there up the big boys at the front door now
lets tap the keg and party
Bitcoin 10k retracement?Bitcoin just took off after 8314 consolidation zone! We have three overviews.
1- Monthly resistance (9784) will become new support, consolidate for a while and shoot up to our next target 11k, 11133 to be exact.
2- Retrace to 4hr fib 38.20% level (9244), 2nd leg and head for the target 11133.
3- Retrace back to Daily 38.20% fib (8435), which was also previous monthly R/S, and a major monthly trend line(Support) crosses through.
Bitcoin is heading for the starts but needs to retrace in order to keep it making higher highs! The question is how much will it retrace?
EURUSD POSSIBILTYI expect a pullback towards 1.1800-1.1700 before potential retesting 1.2000 & possibly higher
EURUSD - What is the Best StragegyThis 4H chart has a range box for this pair. There is a prior resistance level that may make a bullish breakout fail. If it does and re-enters the range box then my TP is the 50 sma.
Tell us what strategy works best for you when you trade the EURUSD in the comments below.
