The EURUSD is trading above 1.1400 levels at this point in writing, looking to target 1.1500 levels in the short term. As discussed earlier, it took out interim resistance at 1.1400/10 levels yesterday before pulling back lower. Please note that possibility remains for a dip lower towards 1.1340/50 levels, before resuming higher again. Looking at the lower degree...
EURUSD have been trading in a narrow range compressing channel from over the past few days - it fell quite sharply this morning breaking out the compressing channel base, i am expecting the market to revisit its prior lows around 1.1215. So wait for the market to retest the broken base and consolidation to then shorts. Trade Safe! Good Luck.
At the moment we observe that the pair continues to trade in the corridor with falling peaks and rising lows. We are also seeing a decline in trading volumes in anticipation of the publication of the Fed’s decision on the interest rate. Now the pair is close to the level of 1.1410 and has not overcome it yet. In the case of a breakthrough, we believe that the...
EURUSD is approaching our first resistance at 1.1401 (horizontal swing high resistance, 78.6% fibonacci retracement , 100% fibonacci extension ) and a strong drop might occur below this level pushing price down to our major support at 1.1322 (61.8% fibonacci extension , 61.8% fibonacci retracement ). Stochastic (34,5,3) is also approaching resistance and we might...
Last Friday, the EURUSD pair had made lows at 1.12700 levels before bouncing back. It is seen to be trading around 1.1340 levels at this point in writing after having made an intraday high at 1.1360 levels. It could be possible that EURUSD has carved a meaningful higher low at 1.1270 levels and it is now preparing to push higher towards 1.1650 and further. Looking...
During Friday’s trading session, the European Single Currency passed through the monthly pivot point at the 1.1346 mark to depreciate by 56 pips or 0.49%. On Monday morning, the rate was recovering itself to trade upwards at the 1.1308 mark. Most likely, the European Single Currency will be trading near the bottom boundary of the dominant pattern at the 1.2600...
The structure formation on the H1 time frame looks to be pushing for the breakout now. There is the possibility of one more leg to the downside first but looking at the larger time frames, I am confident that upside is to come.
EURUSD is approaching its resistance at 1.1376 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse down to its support at 1.1337 (38.2% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal may occur.
CADJPY is approaching its support at 83.57 (61.8% Fibonacci extension, horizontal swing low support) where it could potentially bounce to its resistance at 84.59 (61.8% Fibonacci extension , 38.2% Fibonacci retracement). Stochastic (34, 5, 3) is approaching its support at 6% where a corresponding bounce could occur.
EURUSD Sell Setup Expecting another slight pullback to previous support as resistance. Awaiting a strong bearish rejection of the previous support zone or a bearish reversal signaling confirmation for entry on a sell position. Until then, patiently waiting. Details are on the chart. P, D, P.
The EURUSD failed to drop below critical support at 1.1213 levels on Friday, unlike the US Dollar Index . This could be seen as a divergence, indicating a potential change in the direction of short/medium term trend. The EURUSD reversed from 1.1270 levels on Friday and is seen to be trading around 1.1325 levels at this point in writing; looking to continue its...
The pair has currently hit a Lower High on the 4H Channel Down (RSI = 51.755, MACD = -0.001, Highs/Lows = 0.0000) making 1.13540 the most suitable sell entry on 4H. Since the Channel's Lower Lows have a -0.34% difference, we expect the next Lower Low to be also -0.34% at 1.12300, which is our TP. If that fails, on 1D the most suitable sell entry is at 1.1415, ...
The Federal Open Market Committee (FOMC) is expected to unveil another rate hike this Wednesday, December 19th 2018. Probability of a rate hike is quite high, as a neutral or easing federal funds rate would indicate "a need for stimulus" in the U.S. economy (God forbid the FED indicates weakness in the economy while the stock market is sitting just above critical...
EURUSD is approaching our first support at 1.1379 (horizontal swing high support, 78.4% fibonacci retracement, 100% fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 1.1379 (61.8% fibonacci extension, 61.8% fibonacci retracement, horizontal swing high resistance). Stochastic (34,5,3) is also...
AUDCAD is approaching its support at 0.9573 (76.4% Fibonacci retracement , horizontal swing low support) where it could potentially bounce to its resistance at 0.9673 (100% Fibonacci extension , 50% Fibonacci retracement , horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support at 2% where a corresponding bounce could occur.
The dollar is without a doubt been getting stronger, plz check out my previous post on that analysis. With things boiling up in Europe I do see economical uncertainty with Europe as the protest and Brexit causing for some concerns. Alright so for the TECHNICAL reasons for a short is that we are nearing a major resistance level, and pressure downward will be...