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EURAUD Short Trade Executed! Price Aiming For 1.61850 LevelHello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details: • ENTRY POINT • STOP LOSS • TAKE PROFIT • RISK TO REWARD The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much love to explain these two aspects here but doing that would consume ample amount of time which could affect the appropriate entry point behind this trade! So, to keep it simple the main chart just displays the simplified technical view of this trade. My way of performing technical analysis basically starts by breaking down the monthly Timeframe down until the One Hour charts. The following are the aspects I focus most on when performing technical analysis: • Draw Support & Resistance through key common psychological levels on M & W Charts. This helps me to see where the price might stall or breakout. • Draw Trendlines to determine the dynamic support and resistance levels present on the charts. This helps me to determine where the price might stall and most importantly help determine the path of least resistance behind the active trade. • I also tend to use EMA 50 on all the Timeframes. This EMA 50 is proficiently proven to act as dynamic support and resistance and is vital behind all my analysis. • Lastly, I tend to use classic pivot levels to determine my entry, stop loss and take profit levels. The combination of this and all of the above helps me determine the precise and likely trade targets behind the setup. Another aspect of my way of analysis is reading a lot of news to determine the fundamental aspects affecting any trade. After the technical analysis is performed, I tend to match if the fundamental aspect really supports my technical analysis. Therefore, as you could see, putting all my thoughts here would surely take up a lot of time which could make the price drift away from the entry price thus affecting the Risk to reward ratio. I understand it is vital for many of you to know the details behind this trade setup, and so if you are interested you could send me message and I will try to share most of what I can! The Above words are just template I use in all my trades. Shall there be any updates I will provide them here. Thank you
Short
by FX618Analysis
EURUSD Bear going to catch and eat a Bull fish tonight..!!??We already know Brexit deal has somehow affected EURUSD upward bullish momentum which was good enough earlier days before the vote in the UK but not it's not the same as it was in back days. Talking about volatility EURUSD has an average of just 9.4 pip per hour comparing to GBPUSD it has around 26.6pips within an hour which is quite a great amount of volatility rather then EURUSD. Today but it's a special day for European currency as we all know there is rate decision which is yet to see. On the subject of ECB easing, we’ll actually hear straight from the central bankers themselves later on in the trading session. No actual interest rate changes are expected this time since the ECB already made its move in the September statement. However, today's manufacturing and services PMIs show poor outlook. This could tone down speculations that the ECB is bound to step up its easing efforts anytime soon. Also keep in mind that this will be the last ECB meeting for Mario Draghi, as he is due to step down from his post and turn over the position to Christine Lagarde. With that, most of the market focus could be on the presser that follows the announcement as Draghi would likely be quizzed on what he is foreseeing for future policy. Aside from that, Draghi might also be asked to share his thoughts on the dissent in the ECB, particularly when it came. This is only an idea, a fact but not a guarantee trade advice. If you think this idea gonna work somehow then better to check once by self and risk on your own pure judgment and not by just some random post which you read around. Not only mine but others post too. In the end, it's our money and our own decision so must be taken as reference purpose mostly! At end, I will like to say either this idea works fine or not it's not my priority for posting this idea but the aim of this post is to let all my fellow traders know what's coming next!! Be prepared and have safe trading ahead all. If you like this report give a thumps up as your support! ;)
Short
by jessi061
4
ECB waits, economy stagnates, Johnson keeps pound from growingAt yesterday’s meeting, the Governing Council of the European Central Bank (ECB) decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged. So Draghi can leave with a sense of accomplishment, but his successor Christine Lagarde will have to solve a challenging task - how to stimulate the economy if rates are lower than zero. Yesterday's macroeconomic statistics has been psyching negative thoughts out. The composite PMI index in Germany is below 50 and worse than forecasts, the similar index in the Eurozone as a whole turned out to be above 50, but it came out worse than forecasts, and its recessive values remained only - 0.2. Orders for durable goods in the United States fell by 1.1% m / m in September (forecast: -0.7% m / m), while composite PMI in the United States, although it reached 51.20, is still worse than analysts' forecasts. In general, the economy continues to generate signals in favour of stagnation. Recall recent data on manufacturing activity in Japan, which reached its lowest level over the past 3 years, or China's GDP, which has reached thirty-year lows. Returning to the ECB and its negative rates, I would like to note that regulators are one step away from being stuck when traditional instruments of influence on the economy go off, but there is nothing to replace with. In general, the threat of a global economic catastrophe from a hypothetical opportunity may well become a reality. Well, we recall that during periods of crisis, the investment strategy needs to be radically adjusted: replace investments in stocks with investments in bonds, increase cash in the portfolio and spend part of facilities on the purchase of safe-haven assets. In this light, we continue to recommend buying gold and the Japanese yen. Speaking of threats. Boris Johnson continues to stop the pound from growing. His intention to hold early elections in December is becoming real. On Monday, this issue will be put to a vote in Parliament. And if the EU by that time manages to agree on a postpone on Brexit, then the opposition is ready to vote “in favour”, which means that early parliamentary elections are waiting for Britain in December.
Long
by Trade24Fx
ORBEX:BoJo Pushes for Election, Draghi Hints to Fiscal Measures!In today's #marketinsights video recording I analyse #GBPUSD and #EURUSD #FXMajors! GBPUSD Dragged down by: - BoJo push for an early election on December 12 - Increasing likelihood of October exit failure EURUSD Under Pressure as: - ECB reiterates downside risk, stubbornly low inflation - Draghi hints to fiscal policy measures Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
by Orbex
Draghi - Last word, Johnson's threats, EU and USA statisticsThe main event will be the announcement of the ECB decision on the monetary policy parameters in the Eurozone. Given the general tendency toward easing monetary policy in the world and the recent actions of the Central Bank of Europe, euro can be expected a pretty unpleasant surprise, In theory. But in practice, most likely everything will be ok. Mario Draghi is ending his eight-year term at the European Central Bank. Accordingly, there is simply no reason for him to present any surprises and slam the door after leaving. However, follow the ECB's comments on the quantitative easing program and the size of bond purchases by the Central Bank is needed. Given the general state of the global economy in general and the Eurozone in particular, the ECB does not have to rely on positive signals for the euro today. But they are unlikely to sell the euro. In this regard, today we recommend working with the euro with hourly oscillators, but with a mandatory eye to the decision and comments of the ECB. Also, today it is worth paying attention to data on business activity in Germany and the Eurozone. They may well create the ground for a subsequent reaction to the results of the ECB meeting. As for other countries and currencies, quite a lot of macroeconomic statistics will be published in the United States, including data on orders for durable goods, business activity indexes, as well as statistics on sales of new homes. We are still negative about the dollar, so we recommend using weak data as a reason for its sales in the foreign exchange market. The Brexit situation is again plunging into a chaos of uncertainty, but uncertainty without a global threat. This refers to an exit without a deal. On the one hand, the House of Commons of the British Parliament supported the new Brexit bill, based on an agreement reached by the government with EU representatives last week. On the other hand, Johnson does not abandon attempts to complete Brexit by October 31 and proposed that Parliament finally approve the agreement on Thursday, otherwise he promised to withdraw the agreement and call early elections. Despite Johnson’s threats, markets generally believe in a happy ending but are not completely sure what final form Brexit will take. In this regard, our recommendations to buy the pound on the rebound remain relevant today. The oil market experienced some recovery yesterday after the publication of data on oil reserves in the United States. Oil stocks unexpectedly declined (by approximately 1.7 million barrels, while markets were preparing to continue their growth by 3 million barrels). Our position in oil is still unchanged: while the asset is above 51.20 (WTI brand), we give preference to purchases on the intraday basis.
Long
by Trade24Fx
ORBEX: EURGBP - Ready to Take Break-even Stops Lower?EURGBP could move a tad lower to complete intermediate wave 2 near 0.8480 before continuing higher. The said level is the 100% FE of the first minute degree zig-zag and could be duplicated as minor X was somewhat dominant. Look for a valid reversal above last zig-zag's minute b wave but expect minute c to complete first. Minute c should be truncated to support this outlook, otherwise, fresh lows can be expected. Should prices move below minute a low the complex minor W,X,Y pattern could come to an end. Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice.
Short
by Orbex
ORBEX: GBPJPY, EURGBP - BoJo Wants Election, Adios Draghi!In today's #marketinsights video recording I analyse #GBPJPY and #EURGBP #FXMinors! GBPJPY Supported by: - Increasing expectations EC will grant January extension - BoJo win in case of early election - Weak safe-haven flows - Japan manufacturing to 3yr low EURGBP Under Pressure as: - Investors eye ECB and last Draghi meeting - Disappointing Business Climate (French) - Poor EA Consumer Confidence Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
by Orbex
UK Verdict, our recommendations and plansA new version of the Brexit deal has been agreed between the EU and the UK. The pound added about 500 points by the end of the week, bringing the account of its achievements to almost 1000 points. Recall that the UK and the EU, as we predicted, were able to agree on the terms of the deal at the last moment. As a result, at the EU summit on Thursday, this deal was approved by Europe. Another problem appeared - Johnson does not have a majority in Parliament. Accordingly, he had pretty high chances to repeat the fate of his predecessor, Theresa May, who also agreed on the deal, but could not pass it through Parliament. On Saturday, a vote took place, following which the British Parliament ordered Johnson to ask for a 3-month postpone so that parliamentarians could bring its legislation into line with the new realities. Johnson, who says more than once that there will be no postpone. Thus, he was put in a rather uncomfortable position. In general, there is a feeling that such a vote is rather an attempt to publicly humiliate Johnson, rather than a really necessary thing to do. Nevertheless, Johnson sent an unsigned letter to the European Union on Saturday requesting a Brexit delay. At the same time, he sent a couple of letters to the EU (which he did not forget to sign), in one of them he says that he is against the postponement. This week we will continue to look for points for its purchases because the Brexit issue has not been solved yet. Therefore there is still potential for the pound to grow. It is worth noting the weak statistics for the United States and China, which only confirmed what has been clear for a long time: trade war cause real harm to everyone. No breakthroughs were observed regarding the end of them. In this regard, we recommended focusing on finding entry points for the purchase of safe-haven assets. Given the state of financial markets at the beginning of the week, we see no reason to revise our recommendations and this week we will continue to look for points for buying gold and the Japanese yen. As for the euro. Technically you need to buy EURUSD, we recommend doing it with an eye on Thursday. The ECB will announce its decision on the parameters of monetary policy in the Eurozone on Thursday. Most likely, there will be no changes, but given the general weakness of the Eurozone economy, we will not be surprised at the “dovish” comments from the Central Bank or even the expansion of measures to soften the monetary policy, which may well provoke euro sales. The oil market was relatively calm last week. And although the Middle East continues to resemble a powder keg (Turkish military operation in Syria, an attack on an Iranian tanker, etc.), so far the markets are trying to ignore it. Last week, reserves increased by almost 10 million barrels - the maximum value since April 2019. Saudi Aramco has postponed the launch of its long-awaited initial public offering on Sunday. And although there is no direct connection between this event and the state of the oil market, in general, this is a rather bearish signal. As for our position, it is generally unchanged, while oil (WTI brand) is higher than 51.20, we tend to buy oil.
Long
by Trade24Fx
Buyers pushing EUR/USD to 1.12?Hi traders, EUR/USD has finally managed to break above its recent high and reach 1.1080, signaling that buyers are still active in the market. The recent consolidation phase could now provide new momentum for the pair to reach our profit target of 1.12, as projected by the triggered bullish wedge pattern (and projected from the breakout point.) The 1.11 level provides some short-term resistance for the pair. We're already long in the pair in the CommaFX Trading Club, but you might also enter with a pullback to the 1.1060 level.
Long
by MujkanovicFX
EUR/USD GIVES GREEN LIGHT TO BUYHi traders, hope you had a productive week with the developments around Brexit these days. This post, however, is about EUR/USD. The pair faced buying pressure after reaching a shorter-term support level / completing a pullback to the 1.10 level. As you know, I've been bullish on the pair these days, and the price hasn't managed to close below the 1.10 mark (check my previous posts for this.) Positive news around Brexit is also positive for the euro. Don't forget that, from a technical standpoint, the break above the wedge pattern projects a profit target around the 1.12 level. Please hit the "LIKE" button if you find any value in this analysis. Thanks!
Long
by MujkanovicFX
2
EUR/USD TAKES A BREATH, BUT MORE STRENGTH STILL LOOMINGHi traders, here's an update on EUR/USD which broke above a bullish wedge pattern last week. As you know, we've been bullish on the pair and entered with a long position in our Trading Club. Today, the up-move is having a break and the daily candle prints a doji pattern. Still, when looking on the 4-hour chart, we can see a pullback/retest of the previously broken shorter-term resistance (which is now acting as support.) The RSI managed to break above recent highs, which may signal a slight hidden bearish divergence. Still, we're not bearish at least until the price slips below 1.10 again. Bear in mind that the chances of the Fed cutting rates are rising after the recent string of weak US data. Find our analysis useful? Please support us by hitting the "LIKE" button. Thanks!
Long
by MujkanovicFX
EURUSD: Week 41 OutlookThe EUR/USD outlook remains fairly untouched, as we are still within the Falling Wedge Pattern (a bullish system.) The Euro closed up +0.35% against the US Dollar Friday, creating a bullish Low Test Candle, another indication of upward movement. With BREXIT and U.S.-Chinese negotiations going on we will see what catalyst will drive the price of the Euro higher. With a slight revision, we see 1.075 as the first headwind that the price may face before moving higher. If we look at the visible volume range in chart we can potentially see where the orders sit to react to price. We believe that the BREXIT situation will have the largest effect on the Euro and a frustrated China will affect the US Dollar in the coming days and weeks. THE PLAY : We stand neutral on the EUR/USD until we 1.10 and close, proving that we are moving higher.
by KingdomRichOffical
1
Another busy week for investors Late last week, investor sentiment has improved somehow due to generally positive US jobs data which curbed concerns over a potential recession in the world’s largest economy after dismal manufacturing and services PMIs. This week is going to be busy as well, with a new round of US-China trade talks will be in focus. The reports that Chinese officials have narrowed the scope of issues they will discuss at the upcoming trade talks makes investors worried about a chance for a broad agreement between the two countries. As such, market participants will likely be cautious in the days to come, and some negative reaction from Trump may follow. Apart from trade talks, investors will pay attention to the ECB and FOMC meeting minutes this week. The Federal Reserve will shed the light on its decision to cut rates in September and probably will indicate how the October meeting may play out. Should the central bank hint at another rate cut this month, the greenback will get a hit across the board. However, the general market sentiment will still depend on the trade talks, with lack of progress will hurt risky assets.
FWB:FOMC
by HelenRush
4 REASONS WHY EUR/USD COULD DIVE AGAIN1. Our EUR/USD trade has reached its take-profit level last week as expected and is now facing selling pressure at the upper wedge resistance. 2. That price-level aligns with the 61.8% Fib level and a horizontal resistance zone, signaling a potential continuation of the underlying downtrend. 3. Notice that the RSI has already reached its recent high, showing that the recent up-move in EUR/USD is losing momentum. 4. The pair is also forming an indecisive daily candlestick as buyers are losing steam and sellers are joining the market.
Short
by MujkanovicFX
No matter how tempting it is to Long EU....but there isn't strong enough rationale for my liking, to start shifting my entire bias even to a cautious bullish (meaning taking Long signals but with an extremely small position). The federal reserve did cut their interest rates but I still believe there is still a divergent monetary policy between ECB and Federal Reserve. ECB is in QE, Fed Reserve is not. ECB interest rate is lower than the Fed Reserve. Technically, though there is indeed a sign that price probably could start going up, but I have seen this kind of move before only the support levels to be broken. I am at least shifting my bias from strong bearish EURUSD into weak bearish EURUSD (meaning I will take short trades with half of my usual risk per trade). I will look for bull traps/liquidity pool tapping at the levels I have marked on the chart. There is no risk event for the U.S and Eurozone for Monday
by sufiansaid
GAP needs to be filled - 1.0780 - EUR BEARISH Long TermHello traders, There is currently a gap in the market which is yet to be filled at 1.0780. Any short term spike in the market is an opportunity to sell lower. Germany is in a recession and the EU as a group is not far behind. The ECB has also cut interest rates into the negative territory, therefore the EUR is bearish long term. The DXY is due a pull back lower, therefore we could see some upside on the EURUSD before it breaks lower. Major resistance at 1.1350 - Great entry for short position Long term we could see the EURUSD down at 1.0600 Please let us know your thoughts on the set up www.forexstoreau.com
by ForexStoreau
ORBEX: EURUSD, USDJPY - The Risks Of A US-EU TradewarIn today's #marketinsights video recording I analyse #EURUSD and #USDJPY #EURUSD weak on: - US-EU potential trade conflict (airbus illegal state aid - WTO depended) - ECB's Germans board member resignation Medium-term #Euro led flows will hang on Lagarde's policy. A potential transition to fiscal tools will be euro positive #USDJPY strong on: - Dovish Evans turned neutral - Positive home sales - No GDP revision - No safe-haven flows - Dollar seen as risk positive Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
by Orbex
Navigating the Market : EURCAD 27/9I am intraday bearish bias for EURCAD. I have fundamental rationale to be bearish on the Euros but I don't for Canadian as of now. The daily range yesterday was 61 pips whilst the 20-day ADR was 63 pips. I consider that as a hit. However, there is still more "space" to fill for this pair hence I am targeting the 20-week AWR downside projection. I look for a tiny correction to the upside before considering to short EURCAD There are no risk events for Euro and Canada
Short
by sufiansaid
EUR/NZD SELLERS GAINING STRENGTH!Hi traders, you may have noticed our EUR/NZD idea from a few days ago. I am glad to say that we took the trade which is now in significant profit. The triple bottom / fake breakout pattern showed to hold, pushing the price lower almost 200 pips. The apparent economic slowdown in the Eurozone didn't help either to stop the fall. Notice the triple bearish divergence in the RSI, which confirmed our bearish bias and highlighted the reversal potential of the fake breakout.
Short
by MujkanovicFX
Germany in recession - ISM manufacturing below 45 - SELL EURHello Traders, Manufacturing PMI is a leading indicator of when an economy enters a contraction phase, recession and expansion phase. A result below 50 signals a contraction, a result below 45 signals a recession. Germany has now entered a recession as they reported another weak market manufacturing PMI result of 41.4. The EUR also reported a market manufacturing PMI result of 45.6, on recession territory. The EURO zone is in some trouble. We are now short on the EURJPY, short term target being 117.60, we could even see a retest of the major lows at 115.94. If the market pushes higher we will look to sell from a higher resistance level. Any comments or questions let us know. www.forexstoreau.com
Short
by ForexStoreau
EUR/USD bulls losing steam around the 1.1050 levelThe EUR/USD pair is printing its second indecisive candle around the 1.1050 level, with quite long upper wicks. The pair is trading at a strong daily bearish trendline resistance, a horizontal resistance zone and the 61.8% Fib level, which could signal an end for the current counter-trend price correction and a continuation of the underlying downtrend. While the Fed remained unclear on future rate cuts, we believe that the US economy is in a way better position then the Eurozone, according to recent macro-fundamental releases. Would you sell EUR/USD around current levels? Let me know in the comment section.
Short
by MujkanovicFX