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Eurusd Returned Back in Down Wave What Next?Hi guys, as over previous setup worked very well on eurusd as over other posts,what we see here next is that the pair may head a little more down from now so be ready to see some more downward moves in upcoming time. Location : Eurusd H4 chart BEst OF Luck "Trade At your Own Risk" If you you want to learn how we do it just Dm Us Here Or Any Other of Over SocialMedia PlatForm Like Insta (venusfx9) Fb (Forexvenus) WhatsApp(ask in Dm ), And Start Earning Through over 07 Years Of Market Robust Knowledge by learning From Us And Shortern you learning period.
Short
by Venusfx
Thursday's retail sales day and Friday is a day offThe latest news on Thursday. About the publication of the United States retail sales data. Unexpectedly, for most people the data turned out to be much better than forecasts (+ 1.6% m / m with the forecast of + 1.0% m / m). Recently, the US is not very pleased with macroeconomic statistics. So, everything is completely mixed up and it is difficult to say what is really happening with the US economy. However, the Dollar Index is too close to local maxima to buy a dollar. So we continue to look for points for its sales on the intraday basis. Canada posted quite good retail sales data (+ 0.8% m / m with a forecast of + 0.4% m / m). But in the battle of two dollars, the American turned out to be stronger than the Canadian. The UK decided not to lag behind and also showed growth in retail sales (+ 1.1% m / m with a forecast of -0.3% m / m). However, this did not help the pound much, and together with the dollar, it set off to storm the support of 1.30. Another reason for selling the euro has been provided by Germany. The PMI index in the manufacturing sector in Germany was worse than expected and well below 50 (44.5, with a forecast of 45.0), which is a negative signal for both the largest economy in the Eurozone and for the European single currency. Meanwhile, in the United States the number of active rigs has dropped sharply again. According to Baker Hughes, the number of oil installations for the week decreased by 8 to 825 pieces. Such news has supported oil. However, it is still at the local top. Recall that while oil (WTI brand) is below 64.50, we will look for opportunities to sell the asset on the intraday basis. Today will be almost a “day off”. US, UK and German markets will be closed. This means a low level of liquidity and a “thin” market. Accordingly, the probability of sharp and unpredictable price fluctuations sharply increases. Therefore, it is worth being extremely cautious in order not to run into another flash crash.
Short
by Trade24Fx
Not the best day for the dollar, split in the ECB, April pound The pound “reacted” to the UK data came out earlier, more than calmly. Meanwhile, investors and traders are betting whether the pound will confirm the existence of the “April Rally” pattern or not. Recall that over the last 13 years (with the exception of the last year), the pound in April strengthened against the dollar. This was perhaps the strongest seasonal trend among the currencies of group 10. The reason for the existence of such a pattern is rather prosaic: many British companies are transnational. Received dividends abroad, they transfer them home, that means, convert them into pounds. This model worked even during the global financial crisis of 2008. But last year, by the end of April, the pound fell against the dollar. The reason is clear - Brexit. At the moment, experts are puzzled if last year was an exception to the rule and the pound will rise again in April. Or Brexit broke the pattern and April is no longer an indication that the pound will grow. Let’s back to yesterday's statistics. Industrial production in the US in March decreased by 0.1% (analysts had expected an increase of 0.2%). In general, this is another alarming signal for the US economy and the dollar in particular. It's going to be more interesting watching the statistics on retail sales in the United States on Thursday. If the data comes out weak, then sales of the dollar, apparently, cannot be avoided. Moreover, Charles Evans, the President, and CEO of the FRB of Chicago said that the scenario in which the Fed does not raise rates until 2020 is quite likely. Another interesting news was the information from Reuters that some ECB politicians believe that the bank’s economic forecasts are too optimistic because the weakness of economic growth in China and trade tensions persist. Although the information from Reuters is unofficial, the signal is negative for the euro both in terms of the state of the Eurozone economy and in terms of the fact that in such conditions it is not necessary to expect the ECB’s monetary policy to tighten in the foreseeable future. Let’s talk about macroeconomic statistics. The most important data from China (GDP, industrial production and retail sales) have already been published. All data came out better than expected, which should reassure the markets. In addition, the Eurozone and the UK inflation statistics will be published as well as Canada. It is also worth paying attention to data on the US trade balance. Also on Wednesday, Bank of England Governor Mark Carney is scheduled to give a speech, that could trigger a surge of volatility in pound pairs. As for our trading preferences, we will continue to look for points for dollar sales in the foreign exchange market (with the exception of USDJPY, which we are still buying), buying gold and oil in the commodity markets and keep on selling the Russian ruble.
Long
by Trade24Fx
ECB, EU summit and Brexit, Trump's threats and IMF outlookWednesday promises to be a difficult day for the euro and the pound. There are two extremely important events will take place today: the ECB meeting and emergency summit of EU leaders to consider UK request for further extension until 30 June, with the option of an earlier Brexit day if a deal can be agreed. Let's start with the ECB meeting. Surprises are not expected by markets. The bet might be left unchanged. Everybody will be interested in details of the ECB long-term lending program. In general, we do not expect any bullish signals for the euro, but there should also be no reasons for its sales. In this regard, our position on the euro today is as follows: since the EURUSD is at the lower limit of the medium-term range, we give preference to buying with stops below 1.1170 and profit close to 1.1400. The information that Trump is preparing to open up a new front in the trade wars could be the problem for the euro. This time he is going to attack Europe. The White House reported that they are considering to moves to impose tariffs on $11 Billion of EU Goods in response to Airbus subsidies, which was declared illegal by the World Trade Organization. The list of goods that come under attack includes not only airplanes and helicopters, but also products of the agro-industrial complex, in particular cheese and wine. The EU emergency summit seems to be much less predictable by the results of the event and explosions of volatility in pound pairs by its results are very likely. April 12, the UK must leave the EU. Following yesterday's parliamentary vote, approval of the withdrawal agreement has not been given by the UK Parliament so it should be a “No-deal” Brexit. The option is unprofitable for both parties, so we believe that the summit is unlikely to end up being just shown to the UK at the door. This will definitely be a hit to the pound and in this case its fall will be rapid and strong. Accordingly, the second alternative comes into play - to give the UK another chance. This is the most likely scenario. But he is also divided into alternatives. The first is that the EU satisfies May’s request and extends Brexit’s deadline until June. The second is that the EU is offering Britain a postponement for a long term (for example, a year). Since the initiative is on the EU side, it seems to us that the summit will end up with the EU’s agreement for a long delay. In general, both of these options are positive for the pound. So, as a basic plan for working with pound pairs for today is looking for points for its buying. The International Monetary Fund on Tuesday cut its global growth outlook for the third time in a row. The IMF projects global economic growth of 3.3% this year. As expected, the economies of developed countries in 2019 will grow by 1.8%, and developing countries - by 4.4%. GDP of China and the United States should increase by 6.3% and 2.3%. This is another reason to pay attention to buying of safe-haven assets. Recall, our recommendation for buying gold on the intraday basis continues to be relevant.
Long
by Trade24Fx
XAUUSD - ANALYSISAs we look at gold this week i have marked out two directions based on probabilities of the market going up or down. simple strategy - BREAK, RETEST & ENTER. want to see if price is going to respect the downward channel, if price does break back down into the channel, we will be waiting for a retest back onto the line before i look at taking any short positions. if price does not break back into the channel and simply bounces back off of this line then we will be looking at a buy towards 1297.000 level. this week we will be intraday trading gold, end of week we will review what the market has done. Follow us on our social media platforms, Youtube - Learnitempire ( LIKE FOLLOW SHARE & SUBSCRIBE) Instagram- Learnitempire Private Instagram - Vellly Comment #Tradingview on any of our platforms and we will give a weeks free set ups for life! Because Everyday Is Money Day
OANDA:XAUUSD
by LitCap-Vell
EURUSD still upside target of 1.3100Our upside target of 1.3100 still remains, we have a potential harmonic formation to be formed. We can expect 1.1800 to be retested as outlined in our previous posts (A potential bullish harmonic formation to be formed with “D” lining up with 1.1800.) For those of you that haven't entered the long can look for entries around this region with bullish PA confirmation. I will be upload another analysis of the H1 timeframe to outline the potential bullish harmonic to be formed. I will relate the next post to this analysis.
Long
by SERGENAYTUG94
USDCAD UPDATE 2 Our Short Setups still remain as explained in our related idea (See links below). However, this post is to explain how the stop loss can be extended to 1.35200 in case of high volatility on the back end of NFP. We will seek bearish PA confirmation around 1.33950 - 1.34500, ideally 1.3400. As this will probably be traded pre-NFP we need space for some volatility. Therefore, trade half the usual lot size and extend your stop loss to 1.35200. However, these points will be clarified as we get closer to NFP and on bearish Confirmation.
Short
by SERGENAYTUG94
Brexit, inversion of yield curve, new sanctions against RussiaLast week ended with the “accompaniment” of the UK news. Theresa May was still able to vote on her plan to leave the EU. However, it would be better if she did not do this, since she suffered a third defeat. In theory, this should have been the final vote. Since the UK was unable to reach an agreement last week, the postponement of Brexit until May 22 is not granted. Sum up the country must either leave the EU on April 12 or request another delay. In case of a delay, it is necessary to participate in the European parliamentary elections on May 23. Meanwhile, The European Union is scheduled for an emergency summit on April 10. On Sunday, the British Prime Minister announced that she would again put her version of the agreement to a vote. This will be the fourth time (!). At the same time, she gave a none-too-subtle hint that if the deputies do not vote “for”, then early parliamentary elections will be called. This week might not be easy to the pound. Last week, the pound was naturally under pressure. However, in our opinion, the situation continues to evolve as it has been doing recently. There is an absolutely conscious inhibition of the process. Obviously, the UK will ask for a reprieve, and the EU will provide it. Our position is unchanged - the descents of the pound, we continue to use for his purchases and earnings. There's a lot of chatter about the inversion of the yield curve among the analysts recently. Last week, the yield on two-year US Treasury bonds was equal to the yield on 10-year. This is a rather atypical phenomenon, often a sign of a future recession in the economy. So concern is growing. Against this background, we continue to believe that buying gold on the intraday basis and in the medium term is a good trading idea. About our trading ideas. Our recommendation on sales of the Russian ruble was just fine on Friday. We have repeatedly noted that the strengthening of the ruble is temporary, because it does not have “the ground”, and the ruble itself is vulnerable. It was confirmed clearly on Friday. New information on US sanctions brought down the ruble. We are talking about the second set of sanctions related to the Skripal case. According to Bloomberg, the sanctions include measures against the Russian banking sector. There is no chance to relax this week. A lot of static information led by statistics on the US labor market on Friday. Brexit news, new sanctions against Russia will not allow to relax. We will inform our readers about the biggest events.
Long
by Trade24Fx
GBPUSD Is Severely Overpriced if UK Headed Toward No Deal BrexitWith a clear majority in the House of Commons against a no-deal Brexit, and with members of Parliament holding more votes on alternative plans on Monday, Mrs May asserted that the UK would have to find “an alternative way forward”. She also may attempt a fourth bid for the Commons to pass her bill. Meanwhile, trading of the pound on Friday faced significant volatility as price action swayed violently just to rest at where it started forming a long-legged doji for the day. If the customs union wins then May could run for this deal with the EU. She could also say no and then we have an election or a second referendum. Difficult to say, but this is the direction we are heading. The bottom line is that the trend of no deal Brexit and a customs union seems to be wedging together like a symmetrical triangle. Either way, this will have to break one way or the other. More words here: anthonylaurence.wordpress.com
by WhiskeyTangoFoxtrot3
GBPUSD, Technical & Fundamental SELL (updated) (upTechnical 1.There is a price channel (grey) which in my opinion it is about to be broken 2. The support trend line (green) within the price channel is been already broken and became resistance 3. Negative RSI divergence indicates change in trend direction 4. Target at 1.28, Pivot at 1.307 Fundamental 1. U.K faces the worst political crisis since 1940 2. Economical data worsen from date to date 3. Still all Brexit options open, no Brexit deal more likely 4. One trillion £ has been moved out fro the U.K. Over all, pound remains the best performing pair for 2019, for some reason no one knows, pound is been supported for long time despite the bad news. This time seems to be over, as investors do not believe any more in a smooth Brexit. So, overall, SELL.
Short
by sifneosFX
GBPUSD Technical & Fundamental SELLTechnical 1.There is a price channel (grey) which in my opinion it is about to be broken 2. The support trend line (green) within the price channel is been already broken and became resistance 3. Negative RSI divergence indicates change in trend direction 4. Target at 1.28, Pivot at 1.307 Fundamental 1. U.K faces the worst political crisis since 1940 2. Economical data worsen from date to date 3. Still all Brexit options open, no brexit deal more likely 4. One trillion £ has been moved out fro the U.K. Over all, pound remains the best performing pair for 2019, for some reason no one knows, pound is been supported for long time despite the bad news. This time seems to be over, as investors do not believe any more in a smooth Brexit. So, overall, SELL.
Short
by sifneosFX
Brexit has More Bad Outcomes Than Good Ones At This PointFrom the BBC an hour ago, "Wednesday saw Mr Bercow once more cite parliamentary precedent to rule that another vote could only take place if the proposal tabled by the government was "substantially different" from the previous one." Without PM May's deal, there is no obvious direction for Brexit to go forward with regarding any significant deal between the UK and EU. If Bercow does not let May put forth her deal again later this week, he may not let her put it up at all. In that event, the UK is headed towards a no deal which is still not priced into cable. Like I've said many times, I'm not all in short just yet, but my general view is that cable is way overpriced especially since there are many more bad outcomes than good ones at this point.
by WhiskeyTangoFoxtrot3
The UK Won’t Sign the Divorce Papers, Pound Will SufferAn April 12th deadline is now looming above the heads of Europeans and the British as the UK find themselves situated as the estranged husband who refuses to sign the divorce papers. Right now there are six main scenarios: 1)Revoking Article 50 and cancelling Brexit 2)Another referendum 3)May’s deal plus a customs union 4)May’s deal plus both a customs union and single market access 5)A Canadian-style free trade agreement 6)Leaving the EU without a deal Beyond these six main scenarios, there are subplots being played out primarily including the 1 million person strong march over the weekend and most scandalously the claims that some members of May’s government are making a play against May to become Prime Minister. Meanwhile with the pound against the dollar, the currency pair endured the dreaded ‘death cross’ last week where the 50 day moving average crossed over the 200 day moving average indicating a technical signal for a downtrend. Overall, daily technicals like moving averages suggest we are trending up. This is the case. However, this currency pair HAS NOT priced in the chance of a no deal Brexit. This will be to the detriment of traders just looking at technicals despite how important they may be. For more analysis please check out www.anthonylaurence.wordpress.com
by WhiskeyTangoFoxtrot3
Will Great Britain ever leave the European Union? Let's discuss A short rise before...  The price of the FTSE100 broke the resistance on the upside: now is destined to go to test the key level identified by the 23.6% Fibonacci retracement place to 7340 points. From here the possibilities that continues upward past him and confirming a weekly close above are relatively low; it is more probable that, once it is brought close to that level, it reverses bringing itself again in area 7100 points. London: in or out ? The fundamental scenario remains unchanged: investors and markets are still trying to understand how the "Brexit" issue will develop, as for now it is not yet clear when and if Britain will actually leave the European Union. On Wednesday Prime Minister May will bring his agreement to the parliament: if he is rejected for the third time, there may be a scenario that seemed remote a few weeks month ago: the request by the EU to postpone this exit. To conclude, Theresa May said that if Parliament does not support the Brexit agreement, there is the possibility that Britain "will not leave the EU for many months, perhaps never". We will await Wednesday's developments.
OANDA:UK100GBPLong
by BFCMInvest
1
III (3i group) long Following a weekend stroll through the UK stocks that I watch III came to my attention, the stock has a solid base after a move up and has been struggling to break 965 since July 2017. Around May 2018 the stock did have a huge burst through the level but wasn’t able to maintain it for very long until the support broke it became resistance again. Since then the stock has fallen from the level multiple times without a successful break, so far this year III has performed very well and that has brought it back to the 965 level where the price began to consolidate. This level obviously holds massive selling pressure, but like a blocked tap the pressure to break through is mounting. I feel as though this set up has massive potential and a break of 965 could see us go through a sustained move higher. The plan with this stock is to play for a break of 965 using the high of a previous attempt to break through as entry, when the price breaks through I will use the PLOD as a stop loss. I will buy the stock in 3 separate positions so that I can trim on the way up to leave one position free to run and collect dividends if they’re available. I will trim the position at 980 and 990 which provide obvious areas of resistance both as large round numbers and from previous price action. Thanks Joe LSE:III
LSE:IIILong
by Joevose