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EURUSD Technical Play: Fed Monetary Policy PrepEURUSD was boosted by Mario Draghi's remarks during Monday's session. The European Central Bank (ECB) governor expressed his content with wage growth and inflation but repeated rates may remain low beyond the summer of 2019. The trade tension between the US and China has been dominating the market for some time and it is expected to be the main theme in the Forex market until the end of 2018. Since 10th September EURUSD has been held in a bullish uptrend as evident from the 4hr chart. Selling on dips may have been a more appropriate strategy. Although the currency pair appears to be attempting to correct higher at the time of this writing it may struggle with the 4hr resistance (upper blue line). The 4hr uptrend is likely to lure many traders into EURUSD prior to the Fed monetary policy on Wednesday. The most likely outcome is a whipsaw reaction in an effort to clear stops below and above the trendline. Based on our analysis there is a greater risk for moderate dip lower, the entry price may be more appropriate at a higher level (near the 4hr resistance) or should a bearish breakout take place in today's session. The technical strategy is designed for the Fed monetary policy but may also kick into play in today's session should EURUSD break lower. Do note that this is a 4hr time frame, which may be broken down into shorter time frames for scalping by seasoned traders.
Short
by DDMARKETS
1
USDJPY Technical Crossroads: Will it Break Higher?President Trump threatened a government shutdown should Congress fail to pass the bill for wall at the Mexican boarder and change immigration laws to merit points. We have not seen a significant reaction to these comments that were made on Sunday but we are noting a weaker USD against a basket of currencies. USDJPY reached its 4hr resistance, which was tested following the recent 4hr close. Rather than attempting a short trade in the currency pair, a 4hr close above the resistance may pave the way for further gains towards 111.35. The technical analysis is a fairly classic breakout strategy which may take some time to materialize. The Bank of Japan (BOJ) monetary policy is scheduled to be held during the Asian session, which may trigger some volatility in JPY pairs and crosses in the Forex market. Many wonder whether the BOJ will begin layering its plans for exiting the current Quantitative Easing (QE) program as it was hinted on several occasions in the past. Do not that this is a strictly short-term strategy, which is not aimed to target hundreds of pips.
Long
by DDMARKETS
EURUSDHi, We had an almost successful analyse on EUR last time and now many things are more clear for me in chart.Like we have a bearish pennant in chart and in that pennant we have another triangle formation that made more limits for EUR. By all of that i think it's time for a short trade in this triangle with 2 target. Target 1 = 1.163 Target 2 = 1.159 Stop loss = 1.181 Don't forget it's a short-term trade and i have much much lower targets for long-term that i will mention later. Good Luck
Short
by Peymana71
2
USDJPYHi Guys, As you remember i had short-term and long-term scenario in my last USDJPY analyse.You can see them here: We are still in play like what i expect and close to an important moment now.as you see in main chart we are still in bearish wedge and near to testing that triangle as support.This test can show us what will happen in near future. After reach triangle price can show several reactions.First one that i really prefer is to not break it and just break the wedge and continue to move along (and above)the triangle(dotted line).But we have a bad bearish sign in MACD that can be dangerous.Second possibility is that price jump again after reach triangle and wedge line and make another swing in wedge.And third one,is a totally short chance.After test of triangle if we break it,we will enter it again and drop to at least 106.This is a logical possibility with that bearish wedge.Look at chart bellow to see all 3 possibility: I will update it as soon as i find new sign. Good Luck
by Peymana71
5
XAUUSDHi Guys, I had a terrible analyse on gold last time and now find courage to look at it again.My last call had a stop loss around 1210 and thanks god we didn't reach there yet and we are still in play. As you see i draw Support/Resistance level in this chart for you plus 2 bullish wedge.I can illustrate 2 possible scenario for gold but as you know lot fundamental factors are in play in gold market.Look at this chart,this is my first scenario In another hand i have a support resistance line in my chart that started from Gold ATH and as you see we had several important reactions by it and somehow it helped market to revers itself.look at it: In my opinion if Gold can't start to revers from here by this 2 wedge and can't achieve goals my first scenario,it will revers trend with another impact with this dotted line.As you see after August 2017 this like worked as Support and i expect a similar reaction by this,again. For now hold your stop,all thing will clear in few days. Good Luck
FOREXCOM:XAUUSD
by Peymana71
2
GOLD - XAUUSD BUY 11/10/2017 It is necessary to point out the new resistance level 1291.60 - 1294.20, which contains large volume that has stopped the growth of the price. Now gold is trading a little bit below this mark. Given the sure growth we should give preference to long positions, but only after a breakout of this fresh level. The move should be sharp and supported by increased/large volume. A stop loss should be placed below the breakout volume bar. A potential of the deal is around 150 pips. The bottom line: long positions after a breakout of the resistance.
OANDA:XAUUSDLong
by trustbrokergroup