The Tidal Shift Strategy has just sold EURUSD at 1.16686. The system recommends entering this trade at any price between 1.16448 and 1.16924. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at -1.60091, which suggests that the EURUSD could be trending downwards.The 14-period...
The EURUSD broke below its immediate channel line support towards our projected direction. It is seen to be trading around 1.1647 levels at this point in time and could lead to further drop towards 1.1590/1.1600 levels going forward. Looking into the wave structure, an expanded flat is most likely being carved out at the moment and the projected termination points...
EURUSD is approaching our first support at 1.1622 (horizontal swing low support, 61.8% Fibonacci retracement) and a strong bounce might occur below this level pushing price up to our major resistance at 132.26 (horizontal overlap resistance, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching support and we might see a corresponding rise in price...
EURUSD is approaching its support at 1.1619 (61.8% & 100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.1690 (61.8% Fibonacci retracement, horizontal swing high resistance). Stochastic (89, 5, 3) is bounced off its support at 2.8% where a corresponding bounce could occur.
Buy above 1.1619. Stop loss at 1.1590. Take profit at 1.1690. Reason for the trading strategy (technically): EURUSD is approaching its support at 1.1619 (61.8% & 100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.1690 (61.8% Fibonacci retracement, horizontal swing high...
EURUSD bullish run initiated Details are on the chart. Check related ideas. Happy Trading!
PLEASE CONFIRM BY YOUR OWN ANALYSIS BEFORE TAKING ANY DECISION ON THIS TRADE
A combination of the Italian deficit and the budget proposals are causing the Euro to melt away. The 4hr chart had a really clear structure which was broken to the upside. This was a false break. The market dropped back into the channel and smashed through the 4hr trend line.
Under the influence of a number of events, including the speeches of the heads of the ECB and the FED, release of the US GDP data for the 2nd quarter of 2018, data on the labor market and the balance of foreign trade in the US. In the confrontation between the Euro and the Dollar, the most convincing seems the USD, which, usually supporting with strong...
You could see that the RSI is really low, and the MACD indicator shows an upward trend. On 1.17567 you could sort of see a resistance.
The EURUSD failed to push above 1.1815/20 levels yesterday and is now looking to print lower lows towards potential support at 1.1500 levels, short term. Please note that we had changed our stand from bullish to neutral last week, in anticipation of a sharp bearish short term reversal. The move might be materializing now and a 5 waves drop could be expected lower....
PLEASE CONFIRM BY YOUR OWN ANALYSIS BEFORE TAKING ANY DECISION ON THIS TRADE
it is bouncing of a decent support level. Personally I put stop loss at 15 pips below the support level with my stop loss at 25 pips.
The Trend Follower Strategy has just bought GBPJPY at 148.894. The system recommends entering this trade at any price between 148.581 and 149.207. The signal was issued because our Speculative Sentiment Index is extremely positive, with a value of -1.506. This suggests that the GBPJPY could be trending upwards.The 14-period Average True Range on a daily chart is...
The EURUSD pair has been quiet since last 24 hours after printing highs at 1.1820 levels. Please note that the next resistance in line is at 1.1850 levels and if 1.1820 give away, bulls would like to test 1.1850 levels before giving in to bears again. As an alternate though, it is quite possible that a meaningful top could be in place at 1.1820 and EURUSD could be...
The Breakout Opportunities system has just bought EURUSD at 1.17732. The system recommends entering this trade at any price between 1.17611 and 1.17908. The signal was issued because the EURUSD has broken its 24-hour high while our Speculative Sentiment Index was at -1.8665, suggesting that the EURUSD may have further to rise. A stop loss has been set at the...
The EURUSD bulls were disappointed yet another time with the pair finding resistance around 1.1820 mark yesterday. We need to respect the story here, which is probably hinting towards a push lower towards 1.1500 levels to complete a complex corrective structure. With the medium term story intact towards 1.2000/2100 levels, we still remain cautiously neutral and...