Great opportunity for trading on EURUSD currency pier. Perfectly formed pattern triangle, also check the MA 233, price is above this moving, so this fact means that, chance for crossing of pattern is higher for bullish trend. But I recommend to follow the pattern and trade only after braking of trend lines L1 or L2.
After short break lets follow up our signals from last week. As we have posted earlier technical analysis for US - Singapore dollar currency pier, price has touched 1.3722 support and now correcting trend for short term. The pattern Sperandeo is still active. Check both photos
As we have posted earlier, the pattern Sperandeo worked well on USD SGD currency pier. Also now is very important moment which can help fo USD trading with other currencies also, take a look on MA233 (red). On 4 hrs chart price has stopped at this moving average and crossing of MA233 as a support will be the signal for another 70-100 pips rally. But be careful L2...
USD correction to major currencies confirmed, as we have posted on Monday. Check our posts for this week. USDCHF currency pier perfectly formed pattern wedge and closed signal well. But don't forget about Non-farm employment change from United States. Remind you that last month Non-farm employment change has dropped to 160k from 224k, this month we expect 164k,...
Follow up USDCHF technical analysis. Yesterday Sep. 3, we have posted analysis on US - Swiss currency pier, the pattern wedge were broker on Asian session today. This fact is a good signal for short term trend formation - correction of USD bullish period. We have also predicted USD trend correction to major currencies and yesterday US Manufacturing PMI pushed ...
US currency continuous its rally against major currencies. But based on technical analysis short correction is relevant, for example against CHF you can find pattern wedge on H4 chart, which also is a signal for short US dollar. This week is complicated, keep your attention on US manufacturing PMI release today.
Interesting situation on EURUSD chart today. Fundamentally you need to focus on US-China trade war positive messages, which cause sharp gain of US currency on Friday. Today banks are closed in USA, due to labor day, so markets will be calm after European session. More attention on technical analysis, now EURUSD is trading at 1.0989. Two main aspects of...
Great opportunity for trading on US dollar - Mexican Peso currency pier. On friday price has formed pattern "double top", after crossing support 20 20.0512 we predict drop to 19.8550
FED has decreased interest rate as was expected, first time from 2008. After announcement USD gained 1.1060 against EUR. But market is not hawkish for USD. By technical analysis we predict short for dollar, the pattern Sperandeo with T1,T2 and T3. 1. 1102 is the next target. Will update tomorrow for EURUSD.
Singapore's annual inflation rate fell to 0.6 percent in June 2019 from a two-year high of 0.9 percent in the previous month and below market expectations of 0.7 percent. That was the lowest inflation rate since March. Singapore Dollar now trading at 1.3691. Technicaly with T1, T2, T3, and T4 there is patern Sperandeo, which forecasts SGD's gradual rise against...
The National Bank of Ukraine lowered its benchmark interest rate by 50 bps to 17 percent on July 18th of 2019, surprising markets who expected a 25bps reduction. It was the second rate cut this year, bringing borrowing costs to its lowest since June of 2018 and in line with reaching inflation target of 5%. Now price is 25.40 against USD. pattern wedge, which...
Pattern wedge on EUR USD, targets for next 48 hrs L1 and L2
Follow to this triangle, I think th pattern will be crossed today on US session. I will give signal..
The pattern gives us Sell signal, lets wait of crossing the horizontal line
EUR price against USD dropped back to 1.1325-1.1335, where we started this week, now I commander you listed to this incredible smooth jazz for traders and start the day tomorrow. www.youtube.com lets see the news from Brexit and Asia session. Good night
I recommend to close your profit and wait for US session, also we have some important news from UK, about Braxit. Later today I will explain more ...
The pattern triangle which I announced yesterday was crossed. We have strong by signal on EUR USD trading instrument. We can buy ! BUT, be careful and read more news, this week fundamental analysis is very crucial, on Friday we have Non-Farm Employment change and before that news we may have a divergence and fake technical signals. Here you can fined more...
The triangle can be a continuation or a reversal pattern. Although, more often it is a continuation pattern. There are three types of triangles: symmetric, ascending, and descending. For trading purposes they are all the same, the just look different. A triangle forms when the price action narrows over several price swings. If trendlines are drawn along the highs...