Sorry this is so simple, but if I make it anymore complicated the so-called pros trying to sell you something chime in and cry about how it's so cluttered. Perhaps they don't like me giving away all the state secrets. Phooey! Yeah, here you go, the more in on this the merrier. There are no laws against pumping up or pushing down a currency from our end. China is a...
Friends, Recently, the EZ fundamentals have been weighed down by Europe's second largest economy, when today France posted economic data bringing deflationary pressures to the forefront. What's worth reframing here, is that this week's significant decline in the EURUSD Forex leader occurred in spite of Germany's positive data - First question that comes to mind...
Context: NZDUSD is currently trying to rise after a sharp drop. Is this rise part of a correction or part of an upswing? Analysis: Based on my analysis, NZDUSD completed a five wave upswing on Mar 28, 2014, followed by an Expanded Flat abc correction ending on Apr 29. This was followed by a wave 1 which ended on May 06, which was higher than wave b of the prior...
I mentioned some points where I make my adjustments. I mean how I manage my position with tiers. When it is trending or regaining power I add to my core position but when momentum is slowing down (price drops below short term moving averages) I lighten up. Check out my recent idea "cup and handle" to figure out my thoughts.
Friends, Here is a short update: Since the signal announcement this yesterday, the $Yen plunged gradually, then precipitously towards the forecast TG-1 = 101.631. This signal followed a preceding bullish signal that say all three targets getting hit consecutively, before we turned to this short-term short opp. At this point, TG-1 remains in force and intact,...
EURUSD is a very mechanical pair, reacting to macroeconomic situation and sharp on political statement. Baring in mind the situation of indicators and the picture, we may be on the eve of a formation of a double bottom. Political situation in Europe, recent statements of ECB President Draghi , statements that had an effect on the market but on a long run, no one...
WELL I am NOT betting the farm on this trade, however It Looks very promising I am set first entry @ gartly D point and entry # 2 @ bat D point both SL @ 20-30 pips below x point Target 1 B point doesn't matter which both sitting on fib ratio. Target two I am going for C mark its sitting on Fib ratio and we been there in last 5-6 mo many times so it...
USDCAD has been trending down of late, but has recently pulled back to a resistance level where it is forming an inverted hammer. I'll take this as a sign the downtrend is ready to resume, and so am entering at 0904 with my stop at 0966. My target profit is at 0703. I'm risking 62 pips to gain 201, so the reward/risk on this trade is about 3.24. www.informedtrades.com
$EURUSD has been stuck between ~1.37 and ~1.3950 since early march and with the RSI remaining over 50 and the stochastics highs and lows narrowing I think the consolidation will remain so the next short term move for the pair is higher. I am on the sidelines for now waiting to see a definitive move.
I believe that for the moment the signals are clear, bears won. A confirmation would come with a close below the line of the Rising Wedge. Guys I am doing a survey on some general stuff regarding trading. I did not find, so I am willing to invest some time in making some statistics which will help amateurs what is important for a trader to do. Please help me by...
Price has pulled back to support just above the 50 SMA, with a 61.8% Fibonacci retracement from the recent swing low to swing high in place as well. So, I'm going long here at 8625, with my stop at 8565 and my target profit at 8875 --- a target based on an AB=CD projection. www.informedtrades.com
It looks like the EURUSD has drawn a bearish Flag. If the price will break 1.3752 I expect a continuation of the down trend.
On Daily chart pair entered into consolidation after move up on QE form BoJ. On previous week it broke down bear flag and approached bigger support zone 101.196-.313, I am watching for potential break down of those lows, this week and i am going to SELL from resistance (breakdown area) 102.000-.150. Moving averages curling down. Stop above 102.150, Target...
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There are many commentators and fundamental analyst as they continue to review and propagate how brilliant Abenomic is and how they will continue to flood the world with YEN in the form of Japan's version of QE, YEN will continue to weaken beyond anyone's expectation and warped view of seemingly continued massive USD strength going forward. I this this is over...
EurUsd is at interesting level at the moment. Price is supported by wedge at the end of last week. As far as price action is concerned, it seems like one more last swing to north can happen here if price decides to do so. There is no absolute clarity on what price will do here, I mean it can decide to break wedge from here & it can also rally again to test the...
Friends, As indicated in recent predictive/forecasting model commentary, USD has gained strength. Applying a EW model, one might appreciate a supportive argument for the proposed bullish bias of the predictive/forecasting model. Fundamentals also suggest strengthening of the greenback against a continued dilutive monetary policy. Net outlook is BULLISH for...
Friends, Looking at a finer granular level (H4), 3 patterns call for a terminal top - Worth balancing against bullish scenario - Rate decision this week is likely to remain unchanged, as per major bank consensus. As shared earlier, weekly chart calls for additional upwards mobility, whereas Daily/H4 charts are topping off. Predictive/forecasting model remains...