I shared this idea in my trading group today and it looks very promising. The hourly candle which just closed looks very bearish. However, I will keep in mind any bounce from the trend line or the TP zones. Trade safe and good luck!
Very short term In line with the other world indices, this upward trend driven by the resumption of American prices will tend to continue. The level to which it will aim in the very short term is the dynamic resistance identified by the weekly EMA200 at an altitude of 20450 points: from here it will be understood whether it will have the strength to continue...
The trend is bearish in the short and medium term, while in the very short it remains lateral. With the last conference of the ECB governor, the investors have been surprised by a sudden change of vision by Draghi, who said that as early as the first quarter of 2019 could start to issue money at 0 interest rate in favor of the banking system since the European...
I thought we are gonna get a reversal with the huge bid upon tagging the 200 weekly MA but so far its just retesting the breakout Entry: 1.15665 Stop: 1.7459 Target: 1.06670
Entry: 1.17232 Stop: 1.8386 Target: 1.07743 DXY correlation in play once the weekly 200MA is broken Bonus Target: 1.06773 due to a possible gap fill that was left by the French Elections
It seems that ECB is using the Anglo-Saxon version of rate hike projections stating that rates will be stationary through summer of 2019. Doubtful Draghi will spin this hawkishly .382 Harmonic retrace reversal Daily Calandar pbs.twimg.com #NAFTA #EURUSD #Iran #WTO #ECB #Draghi #EURUSD #Economics #TradeWars #OOTT #Brexit #GBPUSD #FixedIncome #Bonds #Trump
HI ALL, BUTTERFLY PATTERN WITH GREAT CONFLUENCES ON THE H4 FOR EURJPY. LOOK OUT FOR THIS ONE. GOODLUCK,
A strong USD and increasing political instability in Germany are weighing on the Euro. So long as we remain below 1.1600 and it's key support in the 1.1630 area, bias remains down and the key test is 1.1520. Below that it's quite a free fall.
After yesterday's press conference of the ECB, Mario Draghi announced the termination of the redemption of bonds, the euro's exchange rate has subsided. For one day, the Euro moved down for almost 300 points. At the moment, considering the chart, we see that the price fell below the level of 1.1630 and almost reached the level of 1.1530. We expect that during...
Wait for a double top at resistance / psych level shorts with small stop and tp at previous structure res
Potential for a H&S Pattern on the 4hr with expected rejections from 1.23 which would initiate longs to 38.2/50% (80 PIP TP) With price entering this zone rejections expected for a decline to the downside fulfilling bearish fib to -27
Once again the ECB is challenged with managing market expectations, while at the same time assuaging concerns within the governing council that the prospective tightening profile (if we can call it that) is starting to lag the growth seen (on average) in the region. Emphasis is being placed on the possible wording on the easing bias, which naturally is hard to...
OANDA:EURUSD Observations 1)Taking 1 more pullback to 'trap' euro-longs. 2)GBPUSD has retraced (365)-pips from 2018's high; 1.4345 level. We 'should' expect a decent pullback from EURUSD 2018's high 1.2536; at least 300-pips to take it down all the way to 1.2236 handle. 3)Visual 'game plan' on H4. "Never risk the house for pennies."
Price was in a corrective structure the last week. Today the breakout has occurred and we can expect a bullish scenario the nexts weeks. Probably, all the pair will experience low volumes next 2 weeks due to Christmas holiday.
US Dollar The dollar took aggressive stance on Wednesday as investors await bullish comments from the Fed and White House while troubled New Zealand Dollar was rescued by a strong labor market report. The basket of major currencies fell against the greenback, however last week's high at 95.00 seems to have to be conquered again. The Fed's November meeting is of...
Took a longer term look, Daily that is. Running into support, let's see what happens.
ECB European stock markets and the euro stood still in anticipation of the results of ECB meeting, while in the fixed income market there is a slight rush and the price of bonds is moderately growing. The yield of US Treasuries also fell after a rise to a seven-month peak on speculation about a new Fed head, likely to be a candidate with a more aggressive policy...
After the completion of a 3-wave move down from the recent high at 1.2094 to the recent low at 1.1669 (with an ending diagonal structure), price has been bouncing up and down in a 200 pips range. As long as price remains above 18th Oct low at 1.1729, we remains bullish bias on the EURUSD. Potential targets can be between 1.1940 to 1.1990 area. Stops can be...