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Fxsignals

EURUSD Trading Signal: 'Hooking' a Rally?EURUSD suffered from moderate losses due the tension between Italy and the EU over Italy's 2019 budget. German exports were down in August, which added to EUR selling. There has been sharp rise in US treasury yields, which caught some traders by surprise. The US treasury yields may continue to dominate many currencies in the FX markets. The technical signal for EURUSD is fairly straightforward. Am rifbreak above the hourly resistance (in green, preferably an hourly close) may pave the way for stronger gains towards the latter resistance (in blue).
Long
by DDMARKETS
Morning Technical Newsletter EUR/USDEUR/USD: Daily perspective: The support area at 1.1479-1.1583 is still in play. Thursday’s movement chalked up a reasonably strong bullish rotation candle, though Friday’s action formed a concerning indecision formation off local resistance circling the 1.1530 area. H4 perspective: Friday’s non-farm payrolls rose 134k in September, below the expected 185k. Average hourly earnings came in line at 0.3%, while the unemployment rate fell slightly and came in at 3.7%, a tad below the 3.8% consensus. The aftermath of the US job’s numbers witnessed an immediate decline to lows of 1.1483. However, the move was a short-lived one as price swiftly recovered to highs of 1.1549: the session high for the day. Areas of consideration: Intraday, however, has the H4 candles eyeing its resistance zone mentioned above at 1.1580-1.1563. In view of its surrounding confluence on the H4, and the fact weekly price is likely to probe as low as 1.1445 this week, a short from 1.1580-1.1563, with stops tucked above its range at 1.1582, could be an option today/early week. Today’s data points: Limited data; US banks closed in observance of Columbus Day.
Short
by GroundStoneHoldings
Euro Faces Difficulties Against Brexit Woes and Trade WarThe Euro has faced some obstacles recently. The uncertainty of the state of Brexit has placed the currency in a state of volatility. Adding to its woes are concerns over the ongoing trade war. EURUSD appears to be attempting a bullish turnaround, but we don't have much confirmation. Use caution when trading this product. The current price of EURUSD is 1.1580. Levels from above include: 1.1733 from highs and lows over the past 14 periods 1.1838 from highs and lows We will find support from levels from below including the following: 1.1303 from highs and lows over the past 14 periods Some intraday levels to take into consideration include: 1.1533 1.1571 1.1597 1.1629 1.1668 1.1716 As for Technical Analysis we have the following. Volatility is slightly lower than usual, but may narrow further before a breakout. The RSI is 52, indicating that we are in a bull trend, but not yet overbought. The MACD is above the signal line, but not to an extreme. This suggests we may have more room to appreciate. EURUSD is above the 50 period SMA, indicating some bullishness. The ADX indicator, 8 confirms that EURUSD is ranging, that is, no significant trend is observed. We are above the central moving average of the Kovach Reversals Indicator at 1.15, and fairly close to it. If we can gain some momentum, the upper bound of the KRI indicator at 1.18 will provide resistance. Daily scores: Bull Score: 3 Bear Score: 0 Ranging Score: 2 Lets look at some technical analysis for EURUSD intraday. Volatility is slightly higher than usual, but not to an extreme. The RSI is 48, which suggests that we are in a bear trend, but not oversold. The MACD is above the signal line, but not by too much, suggesting that we are in a bull trend which may continue. The 50 period SMA indicates that we are in a bear trend. Additionally, EURUSD intraday is under the 100 period SMA, which is currently at 1.16, indicating bearishness. Finally, the SMA(50) is roughly equal to the SMA(100), suggesting ranging. The ADX indicator, 22 confirms that EURUSD intraday is ranging, that is, no significant trend is observed. Currently, EURUSD intraday is near the central moving average of the Kovach Reversals Indicator, which sits at about 1.16. It still has some room between current prices and the lower bound of this indicator at 1.15, which will provide support. Intraday scores: Bull Score: 1 Bear Score: 3 Ranging Score: 3
Short
by quantguy
NZDUSD 15min Scalp: Playing in the RangeNZDUSD is trapped in a 15min range at the time of this writing as shown on the chart. Scalpers may attempt to short and long NZDUSD off the resistance / support levels until one of the key levels gives way. Although scalping may be used our preference is to wait for a 15min close below the support (lower line), which may pave the way for stronger weakness in the currency pair. A break above the resistance may also lead to some gains, however. a bearish breakout may trigger a firmer price movement. Although it is not directly related to NZDUSD, Australia's GDP (due later in Asia) may trigger some volatility in NZD pairs and crosses.
Short
by DDMARKETS
EURUSD Hourly Signal: Bearish Love?Aside the trade tension between the United States and China (reports suggest President Trump may impose new tariffs on China as soon as next week), political tension in Italy contributed to EUR recent weakness. EURUSD hourly signal is fairly straightforward. EURUSD reached its hourly support, failure to post an hourly close may lead to corrective gains in Euro Dollar. Only in an event EURUSD breaks below the latter support (lower blue line) it may pave the way for further weakness. All the signals / strategies that are published are kept simple with the usage of technical or fundamental analysis.; Do not that this is a 60minute signal / strategy rather than a medium or long-term strategy that is based on the daily, weekly and monthly charts.
Long
by DDMARKETS