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EURO-USD

V1:T8_Quick EURUSD Scalp Long_Hourly.Goodmorning Traders, I know I said I was going to wait until Tuesday to place trades but here I am two trades open already into the week. It snowed this morning so I got out of work allowing me to have some time to play around with some day trades. Walking in the market was pushing down and it almost always reverses on trick morning/days like today. That being said when I get a chance like this I like to enjoy myself as a trader more than I desire profits. On both positions I have taken this week so far I have taken .5% of account balance, knowing they were sporadic trades that do not adhere to the trading plan. I'm just having fun. Like I say, I just wanna be in the market and watch it for the day. Its my personal preference this week. Don't take this trade if your not comfortable with a loss. Entry BUY @ 1.22920 TP @1.23390 SL@ 1.22650 Goodluck! If you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated! Disclaimer: Your data may be different. |V1-T1 = Volume 1-Trade 1| Material is educational only. Trade at your own risk!
Long
by UnknownUnicorn981629
EURUSDAt first glance this could be a bearish development, and while the tone is set for lower prices in the short-term, support in the vicinity of 12150/100 will be quite impactful to the broader outlook. How the euro reacts to support (should it test it) will be telling as to whether the price action dating back to January is corrective or of the topping variety. A test and strong turnaround from support would suggest it’s simply a corrective move within the broader uptrend dating back to last year. A bull-flag beneath the 2008 trend-line could start to develop, and may ultimately lead to a breakout beyond the long-term trend-line. However, a breach of support by way of the April trend-line/2017 high, would imply that sellers could show up in earnest and drive EUR/USD sharply lower.
Short
by FxGalaxyPremium
V1:T2_EURUSD_Daily_2hr_Institutional whiplash_THE best entry?...Daily chart shows a lower low formed Wednesday with direct rejection of the low Thursday and Friday. Since we closed the week far from that low this is still a certified uptrend that is consolidating at major overhead support (1.25000.) Appears to me the market needed to clear out all longs before moving higher. To do this, we needed to move intraweek below that obvious higher low (thin pink line) and even more substantially, below the second low (thick pink line.) Check out the 2 hour chart to see the slow bleed/grind lower to stop out all longs before ripping out of the zone. That's how I know I'm on the right side of this market. The slow bleed to retail stop out levels followed by huge move out of the zone, with trend, is textbook institutional movement. I am always looking for that strategic stop-out entry before the trend continues. Moving forward I will wait and see. 3/2/18 Forex Factory reports 41% traders LONG, and 59% traders short. Meaning, this market has successfully cleared the table of with trend long traders. The harshest pain for retails will be felt if the market springs higher based on these stats. I've defined a very strong range to tell me what EURUSD is thinking. A move above the green line seems most likely. Especially considering the daily slow stochastic and retail ebb and flow theory stated above. There is always the chance I'm wrong and the market may actually be due lower defined by the red line. Black fib levels hold serious conviction based on the weekly cart (see comment) Dark blue is the daily recent swing low to the new high. These levels are important on a day to day basis. Orange levels are the most recent pullback and should be used only to identify overlapping areas of support/resistance. Long EURUSD means short DXY and in turn Long XXX/USD Short USD/XXX paired currencies. If one of the two directional conditions are met but other charts are trading favorably I may consider shorting USDJPY or USDCAD, or long NZDUSD, AUDUSD. Cheers! If you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated! Disclaimer: Different data shown. |V1-T1 = Volume 1-Trade 1| Material is educational only. Trade at your own risk!
by UnknownUnicorn981629
6
#EURUSD to appreciate in the next years#EURUSD to appreciate in the next years Since 1995, EURUSD has been in a ABCDE Elliott Wave formation. In my opinion, it is in the beginning phase of wave D, which is an impulsive wave. Based on, trend-based fib time calculation, EURUSD can appreciate until 2024. It is a quite long time and trend-based fib time calculation is quite speculative but I at least think EURUSD is (and will be) in an uptrend. 1.25-1.40 range is a strong resistance range. EMA(8) and SMMA(12) golden cross can be in this range and if it passes above, the bullish tendency will be stronger up to 1.90 level. Ps: Heikin Ashi is used to see smooth price levels.
Long
by The_Quantastic
The Democrats seems to be losing the gripTrump tax reform Predicting the failure of the Trump tax reform because of its scale and unclear double-side backwash, skeptics apparently understated the president's negotiation skills. Despite initial skepticism, the number of supporters of the tax cuts is growing rapidly among Republicans. On Monday, it was clear that the level of approval allows for rolling out of a budget scheme as early as in October, opening the way for reform through Congress without Democrats’ support. If the budget estimate is not adopted, the bill can be approved only if there are at least 60 votes in the Senate, where the Republicans hold 52-48 majority. Fiscal stimulus, which costs are estimated at 6 trillion dollars in 5 years, is aimed at boosting consumption and investment activity. According to Keynesian ideas, in conditions of excess monetary supply (and hence, low sensitivity of investments to interest rates), fiscal stimulus of the economy works most efficiently. If tax cuts sufficiently "cover" the poor layers of the population, whose propensity to consume is higher, then we can speak about a very noticeable stimulating effect on consumer demand. Speaking about investments, the higher the rationality of the agent's expectations, the lower the effectiveness of state intervention in the economy. Firms and the financial market are agents with fairly rational expectations, so the effect of fiscal shock on the investment component is very controversial. The relationship at which the markets are now trying to speculate on is the accelerated pace of rate normalization in case of successful tax reform. Progress in this direction means a bullish signal for the dollar in the medium term. Positive feedback from the Republicans on Monday caused a sharp collapse of gold to $1,290. As a non-interest asset, the cost of its possession is expressed in the cost of borrowing of the US currency, so its price reflects the expectation of markets for future rate increases. Another candidate for the head of the Fed was John Taylor known for his "Taylor rule" in increasing the money supply. Trump held an interview with him, however, who will take the place of Yellen is not yet clear. His appointment to the post promises much higher interest rates in the future than the long-term target of 2.75% assumed by the current management. EU data The ECB's divergence from the Fed in reducing money supply again became the subject of speculation after release of economic sentiment and inflation in the euro area. In September, the price increase remained at the same level of 1.5%, the core indicator increased to 1.3% from 1.1%. Nevertheless, the ZEW survey in Germany indicated a decrease in confidence in the future for firms, the key figure did not meet expectations (17.6 with a forecast of 20 points). The EURUSD fell by 0.25%. Arthur Idiatulin
Long
by Tickmill