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The "Pulse" of an asset times Fibonacci: EU minor Impulse ReduxQuick plot to observe EU after FOMC rate decision. "Impulse" is a surge that creates "Ripples", like a pebble into water. "Impulse Redux" is returning of wave to the original source of energy. "Impulse Core" is the zone of maximum energy, in the Golden Pocket. Are the sellers still there? Enough to absorb the buying power? Reaction at Impulse is worth observing closely to gauge energy. Rejection is expected on at least the first approach if note more. This is part my ongoing series to collect examples of my Methodology. . . Ordered Chaos every Wave is born from Impulse, like a Pebble into Water. every Pebble bears its own Ripples, gilded of Ratio Golden. every Ripple behaves as its forerunner, setting the Pulse. each line Gains its Gravity . each line Tried and Tested. each line Poised to Reflect. every Asset Class behaves this way. every Time Frame displays its ripples. every Brain Chord rings these rhythms. He who Understands will be Humble. He who Grasps will observe the Order. He who Ignores will behold only Chaos. Ordered Chaos . . . want to Learn a little More? can you Spend a few Moments? click the Links under Related.
by EuroMotif
What's next for the euro ?EUR/USD failed to surpass the 50 SMA around 1.121 two few days ago and fell to lowest level since May 23 and just few pips away from YTD lows. The technical picture remains bearish, as long as resistance trend line around 1.126 remains intact. However, on the daily chart we have double bottom at around 1.1105-1.1110 which is holding the bearish continuation of the trend. Breaking this level will trigger a strong fall towards 1.10 level. The pair is now trading around 1.113 and looks like a bearish pennant-continuation pattern is being formed on 1 hour chart. Fundamentally the picture hasn't changed much and it is clear that the market sentiment is more tilted towards the us dollar. Support levels: 1.111-1.1107-1.1050-1.10 Resistance levels: 1.118-1.121-1.126 Good luck
Short
by RamziAbouAbdallah-CMT
New low for EUR/USD?Euro is trading in a bear trend well below its main moving averages and oscillators in negative territory which indicates more downside pressure in the days ahead. After failing to recover beyond 1.133 resistance it is now trading near 1.125 approaching 78.6% fibo level of the recent up move. In my opinion it may retest the recent trend line near 1.13 figure but the big picture remains down as long as the pair is trading in the down channel shown on the chart targetting YTD lows (1.117) and further below. Good luck
Short
by RamziAbouAbdallah-CMT
EUR/USD under pressureFundamental Analysis: While the message delivered by the Fed in it's last meeting was dovish and future path will be "patient" , the European economy isn't doing any better(Germany,France and Italy suffering from contraction), inflation not picking up towards Ecb's target, brexit uncertainty and the slowing global growth. Both sides are facing downside risks but the Eurozone is more likely to suffer from those risks therefore in my opinion US dollars will keep its strength against the Euro. Technical Analysis: Markets are already pricing in the patient path by the Fed and the Euro is still declining posting the biggest weekly loss since September 2018 which proves that the sentiment is still leaning towards the Us dollar. The pair closed its week just below the 200 week SMA and already breached the uptrend from November 2018 which confirms the bearish bias in the near term. Next immediate support is somewhere near 1.127 after that 1.1215 (YTD low) and finally 1.1120.
Short
by RamziAbouAbdallah-CMT
3
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.145. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.15. TP4: R2=1.1535. Set the stoploss of these orders at breakout of S2=1.144. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.144. In this situation, there is an expectation to reach the target S3=1.1375. Set the stoploss of reverse orders at breakout of S1=1.145. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.145. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.15. TP4: R2=1.1535. Set the stoploss of these orders at breakout of S2=1.144. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.144. In this situation, there is an expectation to reach the target S3=1.1375. Set the stoploss of reverse orders at breakout of S1=1.145. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity
3
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1405. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.145. TP4: R2=1.1485. Set the stoploss of these orders at breakout of S2=1.139. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.139. In this situation, there is an expectation to reach the target S3=1.132. Set the stoploss of reverse orders at breakout of S1=1.1405. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity