EURUSD, together with GBPUSD and USDCHF is a big winner for week 10. They moved as expected in our Week 10 analysis and holding them through the week would have no surprises for the traders trading these pairs. Congrats to traders making the wonderful trades. In Week 10, we see EURUSD making big movement and ending the week with a sharp V shape reversal. I am in...
On EURUSD, we now have a solid bearish channel forming, which points to confirming my long-term outlook on the pair. (With the Weekly Bearish H&S.) However, I can not take a trade on this pair right now because of what I'm showing you on the 4H chart. With the very negative jobs report coming out of the US today, the pair has found enough energy to push off of...
Here we have a very important flow forming after a soft ECB via revised forecasts for growth, inflation and TLTRO's. We have reached heavy resistance at 9,280 and a global slowdown will be enough to seriously damage the downside. From a technical perspective this would also satisfy the ABC from the 2015 highs. On the FX side, please find attached the flow for...
Price is currently in a rising wedge, which is usually a pattern for a breakdown. Targets have been indicated on the chart in yellow boxes. Upside target is into the CZ (in the range of 1.14700), while downside target is placed near the start of the rising wedge pattern (in the range of 1.12700). Wait for strong confirmation on either breakout direction for entries.
EUR looks bad as it's economy starts to slow down (Germany slowing down, Italy already in recession) + Brexit insecurity. We were rejected at the top of falling wedge, so I expect us to touch lower side next. Technical analysis is also showing a potential Head & Shoulders pattern although volume is not there to support it (downside target at 1.04). Support around...
My initial buy stop was hit (expecting it to go further down near 1.124 first and bounce up from there). Will most likely manually close this tomorrow before the refinancing and ECB monetary policy news, and will re-enter again afterwards. TP is near 1.138 and SL conservatively set @1.128 (100 fib). tradinggaminginfofun.blogspot.com Daily: Weekly: ...
TARGETING URANUS. GIANT FALLING WEDGE ON THE MONTHLY AND THE USD SMELLS. MOONBOYS LETS TAKE THIS HOME
EURUSD BUY LIMIT Two patterns
This pairing is currently sitting and rejecting a key support level, now we will wait to see if price breaks or bounces, but we can see price breaking and making more bearish movement, the reason we think this is because of all the selling power going into this level ( bearish candles ) So price will smash through this level... take advantage
The pair suffered a strong sell off on two very bearish 4H candles, hitting our previous target in the process ( ), but rendering at the same time 4H oversold (RSI = 23.843). Despite caused by fundamentals (ECB announcing further stimulus, delaying hikes) this decline was technically expected on the 1D time frame as the 1D Channel Down (RSI = 33.261, MACD =...
As the EUR news hit hard on a sell this Thursday, it’s way below enough for support. Therefore, you want to buy EURUSD as a long! Non Farm PayRoll news is tomorrow, so we will most likely see a buy as the new actives tomorrow on Friday.
Looking to Short the EUR/USD Factors 1) higher high lower lows forming 2) Last candlestick for March 1st showing a bearish trend, or end of a bullish trend 3) DXY is looking to go higher this weak meaning a stronger dollar Trade Currently trading at 1.13628 T/P 1.1240 S/L 1.4250
By now you get the point, expecting dollar strength to enter into play over the coming sessions. Keeping it simple in a technical sense with stops above the highs and initial targets at the low of the range. There are extensions here as low as 1.09 (I will be posting a zoomed out daily chart on EURUSD) for the move so be prepared to close partial positions...
Technically: Good place to buy would be at the bottom line of falling wedge also there is support on 1.11500... Then sell orders could be placed on 1.18 near trendline down to 1.06... Of course there are more fundamentals to go, e.g. US/China trade... This chart is only for technical possibilities of price moving There is beauty in simplicity...
Here we are quickly tracking the flows for the news: We are tracking a few key things here today: (1) Removal of summer 2019 from forward guidance -> replaced with end of year (2) Growth and inflation forecasts revised lower (3) Confirmation on TLTRO’s to be announced with full details coming in April For those who are short EURUSD, there are no changes to...
The pair declined to the level of 1.13 where it found support, and then turned up. The technical indicators continue to point to a sale and we expect the downward movement to resume. Therefore, we advise you to take short positions on the pair from the level of 1.1330. Set take profit near the levels of 1.13 and 1.1270