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Eusd

I think EUR will increase againHello everyone, EUR/USD is currently recovering but remains below the 1.0800 level at the start of Wednesday. The pair is receiving support from a significantly weaker US Dollar, even as inflation cools in Germany and the market remains unconcerned about the Eurozone's HICP release, US ADP employment data, and Powell's speech. However, EUR/USD is predicted to encounter resistance early at the EMA 34, 89. The downtrend may still hold a significant advantage, but I believe it's breaking through resistance. Additionally, the pair trading below both EMAs is a disadvantage for buyers. Therefore, we'll wait for confirmation from a few candlesticks before making any decisions at this point.
by Midas_Calista
2
EURUSD - ANOTHER SHORT TRADE IN THE MAKING: UPDATESee previous chart (link below) for details of overall view. Previous short was stopped out but it seems the overall counts still looks correct to me, hence another attempt to join the potential short. Here are 2 possibilities, either we get a retrace of the decline or breakdown without much retrace. 1. Entry short: 1.1450 Zone (on partial retrace, but then actual entry and stop loss could be adjusted), Stop Loss: 1.1517, Target: 1.110 zone 2. Entry short: 1.1350 (on breakdown without retrace), Stop Loss 1.1407, Target 1.1 zone. Warning: This is my interpretation of price action using TA approach that I consider helps me most but could be completely wrong. Therefore as always, do your own analysis for your trade requirement and ignore my views. For those who appreciates my analysis, select to follow me and the chart for notification of future updates. Indicate you like my analysis by thumbs up, comments and sharing it with others. If you have an alternative idea then please be constructive and share for all to learn from. Thank you for taking the time to read my analysis. DanV danv-charting.com
Short
by DanV
6
EURUSD: 1 or bellow is still the targetAfter a little break because of the New Year celebration, new agenda and Greek Elections, here we are again. Ichimoku gives a clear picture of the situation. One can read my former analysis. First you should remember the game plan of ECB. Draghi is planing to import inflation by reducing the value of EUR against USD so that the price of commodities imported in USD would be more expensive . However, ECB was planning a Brent that should have been around 70 USD but it is bellow 50 USD. Therefore, the initial headline goal of EUR USD was 1.10-1.15 range but because of the cheap commodities, ECB may seek to go at 1 or even bellow 1 towards 0.90. Therefore, even is there are some upside corrections, the general headline goal remain 1.0 and bellow. Bare in mind that ECB will put 60 Bio Euros on the market every month starting from March 6th. Therefore, the monetary mass will be in favor of USD and against EUR. There is a room until Summer 2015 when FED would start to consider increasing interest rate. When FED will decide to increase GRADUALLY its interest rate, EUR would go deep down.
by Pashabxl
GOLD: On the down trend still despite upside adjustmentWhere do we stay in the gold trend? What is the state of play? That is a question. With the EUR well on the last days, there was a natural , I would say mechanical lift up of XAUUSD in USD terms. However, the trend is still on the downside..... On the graphic, there is three trend line, all of them are showing the same direction. The long term trend line is now well bellow the short term and medium term trend line. Which means in my studies and technique that GOld should break the three trend lines before confirming and upside and a trend reversal. Yet on RSI there is no sign sign that XAUUSD will reverse. Nor on ICHIMOKU . The CCI's orientation is at the downside as well. The headline goal remain either 1180 or even bellow. One needs to see a clear schedule concerning FED's increase of interest rate and inflation risk before going long on XAUUSD
FX:XAUUSD
by Pashabxl