PassiveForexIncome

PassiveForexIncome

Nice forming cup and handle formed. lets see if it follows the base pattern and breaks up.

PassiveForexIncome

Thinking the Euro will cool off as the dollar recovers a bit before the big bomb drops tomorrow morning.

PassiveForexIncome

I see the Dollar declining to finish out the year.

PassiveForexIncome

Many reasons to get in long now. - hit 4 year low - divergence of previous highs - forming divergence of lows - Dollar is consolidating, looking for a big move

PassiveForexIncome

I'd like to see price get to at least the smaller arrow before the weekend. I think it can.

PassiveForexIncome

Where to start?! So many reasons to go short on the EUR/USD now: - nice pin bar at top of daily channel - into overbought territory on Stoch RSI - Cloud weight heavily above price, going to continue to push down - any interest rate cut the USD does, will not outweigh the cuts and economies in Europe - Fib retracement hit perfectly from previous wave. - plus Fib...

PassiveForexIncome

I can see the EUR/USD creeping down the channel after this double top.

PassiveForexIncome Updated 

I am pretty comfortable saying the dollar will find the 98-97.80 area over the next couple weeks.

PassiveForexIncome

Many factors working together to make for some confident long plays up to the 1.1500-1.1200 area

PassiveForexIncome Updated 

With this massive down trend, price hitting 10 year lows and bouncing on the flash crash, i see price safely following the trend channel back up. Depending on its aggression it could hit .7, .695 may be more conservative a target.

PassiveForexIncome

Not seeing much in the area of resistance between price now and .6550

PassiveForexIncome

Support line has been in play since late April, looks to be doing its thing again. feel confident in going long today, not much news going on.

PassiveForexIncome

I see and easy 50 pips next week for the EUR/USD going up to 1.200. depending on trade talks and other fundamentals, it could blow pat this channel and start a long term up trend, or fall back into the channel further down. I lean more towards the breakout.

PassiveForexIncome

I see a lot of upside to going long on the EUR/USD for the next few weeks. Friday's Powell speech should help. A good clear divergence. solid floor at the 1.1100 area with a higher low being formed.

PassiveForexIncome

pretty solid divergence on the DXY daily and Stoch RSI. I'm thinking lower highs and lower lows over the next few weeks.

PassiveForexIncome

Here we go! Let's find a good spot to get in on this ride up.

PassiveForexIncome Updated 

I see the EUR/USD creeping up to 1.250 where a major decision point may have to be made. Why: - Upper end of major trend line - Lower end of new trend line that was broken, so a possible retest or slip back into the newer upward trend. - Cloud heavy bottom line acting as ceiling - Lots of volume around that area, and major volume level just before it - RSI wants...

PassiveForexIncome

DXY is creating a rising flag. hitting the top 98.30 area. expect a breakout up or pullback soon. My bet is a pullback to 97