It looks like a bullish Tweezer Bottom formed on the EUR/USD daily chart during a downtrend. My first target would be around 1.1970 area.
Explanation is on the chart, but price was rejected on the AB leg of the pattern today making the probability of price retracing along the BC leg, which is the area where I will be looking to go short the pair, to the stated profit levels on the chart. If price continues downward then the pattern will be invalidated, where as I will be looking elsewhere for better...
www.monthlyforecasts.net Last forecasted cycle ended with the actual price trend HIGH on 1/7 - one day earlier then the forecast date of 1/8. This is what W.D. Gann describes as an Orb, or lost motion in time. The actual forecast high can come in either on the forecast date, or 1 day of either side of the forecast date (Orb). This is covered in the STARTER KIT,...
Simple Sell opportunity on EUR/USD for 120 PIPs :D Based on my Previous EUR/USD analysis... just zooming in to refine my mental market viewpoint.. check out my post for more info and structured P.A analysis.. have a great christmas all..... STAY TUNED! as there is so much more coming for ASTROFOREX & EVERYTHINGFX in 2015..
DAILY SUPPORT + RES FOR THIS PAIR. NOW BELOW SUPPORT- DAILY CLOSE WILL INFACT DRAG THE PAIR LOWER. Overall Downside Bias on EUR/USD since the weekly T.L Break around 1.3500.. P.A rules suggest point 1 of this weekly trend line does need to be fulfilled technically as we broke below point 2 and is now our immediate RES level... Strict Sells only on this...
Overall Downside Bias on EUR/USD since the weekly T.L Break around 1.3500.. P.A rules suggest point 1 of this weekly trend line does need to be fulfilled technically as we broke below point 2 and is now our immediate RES level... Strict Sells only on this pair.... only looking to change bias once i have seen daily reversal formations around 1.2040- 1.2000......
With the ECB being almost solely focused on raising inflation to 2% and recent data showing it is way below their target (and it has in fact dipped), this pair will continue to be under selling pressure, driving it down further. The slide in oil prices will only increase this pressure. Fact is that the euro zone is struggling. Interest rates have been cut to...
Over the past 7 years, EURUSD exhibited 4 major Up-Down mouvements. It is currently in the Down phase of the 4th event. The major trend seems to be a funneling, i.e. lower Highs and higher Lows. But a trend can also be seen in the rate of change of the mouvement amplitude, i.e. the distance between High and Low is decreasing with time. If one extrapolates this...
Just an simple chart with options expiry levels and pivot points with 2 simple moving avg. Yesterdays rally was impresive yet it was all done on a thin market with USA holidays so I'd not be focused on that move. Also the hourly rejections at 1,25 looks awfull for bulls if You take a look at yesterdays shooting star and current hourly close which is also below...
On a slow market, without any tier 1 data being published it's wise to know the options expiry levels. EURUSD - 1.2300 (EUR 1.7bln), 1.2350 (EUR 506m), 1.2400 (EUR 1.2bln), 1.2500 (EUR 2.2bln), 1.2550 (EUR 3.1bln) Thoose are todays levels we should be aware off. With market conditions like today (No major news, low liqudity, price is close to the large options...
Bullish tone for USD is becoming very pronounced. GS has put out a EURUSD projection to Parity. All known fundamentals seem to suggest USD strength for foreseeable future and it is well rehearsed. So I will fully understand if my chart and analysis is called into question. Some have questioned my approach and are asking what happened with one of my chart where I...
This chart shows EUR/USD, the Euro Currency, on a Weekly timeframe. (NOTE: Updated chart below, accidentally clicked off the Dynamic Levels that were supposed to be in the above chart) Plotted on the chart is SCMR Trends™, which sequences price to find the correct behavior and identify good setups. It is available (along with other indicators in the package) in...
The EUR/USD is now at a key point in terms of the 1H chart. The short term in the chart is bullish, however.. the 1.27 area was a key area of support earlier, so this is a major battleground for the bulls. There is also a ultra small ascending triangle.
With price pushing up against this resistance area @ 1.28, which has multiple points of resistance (psychological, .50 fib retracement from early Sept, and horizontal resistance.) There is an opportunity to enter short, with a good RR ratio (2:1). With the overall trend being down, this trade would be in the direction of that trend. Use caution once price...
In my previous published chart the anticipated low did not form as the selling pressure gained momentum. However, my overall expectation for EURSD has not changed. There is too much made of Eurozone weakness and USD is not exactly out of woods. Specially if the expectation of rising interest rate do not materialise soon. Consequently, EURUSD could mount a...
Eur/usd is finaly at the bottom of the triangle on the major major support line : - EMA 200 - Major support trendline - Psyhcological price 1.25000 (which was only touched and reversed immidiately) I explained everything other on chart. Please comment if you have any ideas :) Best regards
Look In the chart, we BOTTOM 1 time every 2 years EUR / USD looks of his .2010 (1.180) -2012 (1.20) and the 2014 !!! (1.22 >>?) Parity 1.25050 to 1.27000 and 1.22000 years after the end 1.280000 (2015) Ersoy TOPTAS MY Link: tr.investing.com website: www.ersoytoptas.com Website : ersoytoptas.com
Let the uptrend begin. Fib spiral has been hit, stopped also right on the fib level. Bullish bat confirms? The Fib spiral may not be hit perfectly in this published chart (Zoom ratio) Fib spiral credit: Kazonomics.