After hitting the 61.8% retractment from NFP (clearly a market over-reaction) the EUR will drop most likely to the 1.12000 area.
Watch for the gartley that may come in the few days.
With the USD is about to likely ramp up further against the EUR, and the EUR facing uncertainty of Brexit, it is likely that the pair will see some decline in the next two weeks. We are currently in an uptrend from November 2016 with a very strong trend resistance (black dotted line on chart). With the current economic events approaching and market being where...
After an intense day lower in the last days the EURUSD shows some exhaustion to continue the trend may have an upward revision if the price does not break below 0.618 level fibo but if it break would drop price up to 1.1860 . in the 1-hour chart shows the exhaustion to the downside but both the 4-hour chart and the daily chart does note that the trend if you could...
Price is currently testing the multiple tested S/R SD trend line. - Now if price breaches below this level we can see further downside momentum to potential target 1.11750. We may encounter a break below retest then bearish confirmation. - If price breaks below the lower channel line with demonstration of bearish momentum and PA then we will be going short to...
EURUSD is at a very critical point right now... we are calling the 1.12250 level marked off with a red horizontal line the "line in the sand". The reason why this level is so important to us right now is because the overall long term trend for this pair is clearly bearish as shown below, however this latest miss with NFP has caused an aggressive rally. Where the...
A swing trade Short on EUR/USD. Have entered yesterday currently at 30+pips profit. However I will follow up on this trade as with all my other trades the fundamentals as I am expecting volatility on this pair due to the eurozone issue that Brexit and the fairly weak Euro is causing and the Dollar expecting rate hikes (although chances lower now due to NFP) will...
Low risk short entry on the corrective counter-trend in a larger downtrend. DXY: DXY 15M: The same trade applies for XAUUSD and XAGUSD too. Expecting a re-test of 1150~1190 range for gold.
eurusd hoping to continue the downward trend. that by the time I take a little break at levels of 0.382 and 0.5 fibonacci levels in the 4 hour chart it shows that candlestick patterns are down and this could take momentum and this is confirmed by the positions of the oscillators . breaking below the 1.1287 trend iria gradually to lower levels as those levels...
Many of us wondered why there hasn´t been any correction in EUR/USD pair after an incredible ascending on Friday. Looks like it is coming after Draghi´s speech. He didn´t say anything special so market simply used it as a trigger... It has broken 1H 50 and 88 MAs (blue and red MAs on this chart) and, normally, after 50 MA is broken, next target is 200 MA which...
EURUSD is approaching resistance. With fading momentum, I would expect this area to hold.
there is nothing to describe. The wedge chart pattern signals a reverse of the trend.
USDCAD -61.8% EXTENSION FULFILLED REACHING THE WEEKLY LOW FALLING WEDGE ON THE 1 HOUR AND 2 HOUR CHART INDICATES A BULLISH REVERSAL COMING SOON SEVERE 1 HOUR AND 2 HOUR MACD DIVERGENCE ENTRY NOW OR UPON A BREAK OF THE TL OF THE WEDGE TO GO LONG ALL THE WAY TO 1.31500 MASSIVE RISK/REWARD HERE WORTH THE RISK AGAINST THE TREND
The Monthly view shows a bearish channel where the EUR now bounces upwards. Target @1.2472 The Weekly shows the same. Targets @1.1808 / @1.2225 / @1.2642 The Daily shows a bullish channel. Targets @1.14 / @1.15 / @1.16 / @1.17 The Intraday 4 Hours chart shows a small correction and could go down to @1.1256 before being further bullish to @1.1431.
Trend Continuation. Last week saw a complete 61.8% fib retracement into a strong bullish candle. We anticipate a correction to either of the yellow zone levels identified and await exhausted selling to take long positions up to the key monthly resistance at 1.14956 where profits can be taken and a new position taken.