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Currencytrading

AUD/USD Currency Pair Chart_Update 3The predicted weakness didn't exceed our expectancy by any means as a break down of the robust entry of 0.77790 sent AUD/USD pair falling to a low of 0.76160. From this point, the currency is likely ‘attracted’ by month’s low of 0.76430 and even though a break of this price level is not surprising, a move below Mean support 0.76250 is expected to pull in some buying. On the whole, a strong close below Mean support would suggest that an original T/P will be fulfilled very rapidly.
by TradingSig
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
AMEX:FXEShort
by Quantamize
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.
by YourForexMan
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.
TVC:DXY
by YourForexMan
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!
Short
by DmitryQuail