First, a review of last week’s forecast:
Despite the differences between the indicators and graphical analysis, it was suggested that EUR/USD would hold out in the range between 1.1000 and 1.0800 until the very end of 2015. The forecast panned out as the pair rose to 1.0990 on Monday and dropped to 1.0850 on 31 December 2015.
For a second week in a row, only...
Daily perspective for EURUSD.
- ABCD
- 4 week range
- Descending channel
- Bearish overall bias
Directional bias dictated on which way we breakout from this range.
First, a review of last week’s predictions:
Graphical analysis warned that EUR/USD would first try to break through resistance around 1.0900 and go down after a couple of unsuccessful attempts. The chart shows that there were three such attempts actually, and one of them appeared to almost reach the target. However, all the efforts ended up futile, and the pair...
First, a review of last week’s forecast:
The scenario for EUR/USD, backed by most analysts and the minority of the indicators, started to pan out. The pair spent some time in a sideways trend, broke through support at 1.0900 and went down. However, that movement was more sluggish than expected, and the pair didn’t reach support at 1.0700, stopping 150 points...
First, a review of the forecast for the past week:
The publication of the last forecast for EUR/USD (a further rise and reaching 1.1000-1.1100) made skeptics say that couldn’t be right. Apparently, it could just as well. Already on Thursday, the pair got up to 1.1042 and reached 1.1030 next day, thus ‘scoring a brace’ in football terms.
Forecast for the...
Ignore the noise and speculation, trade what you see: 4h candle above its 100 and 200 SMMA, with hidden bullish divergence indicated by the lower low on the RSI and the higher low on the chart. So based on this, I'm looking at a good re-entry point to add to my long position.
I know a lot of people are charting out the big drop, but that's the sort of wishful...
EURUSD did inverse test of dynamic level (red line), a rebound from it confirms EURUSD long. Put stop below intraday low 1.0615, resistance marked with dark line, target set below R2 daily pivot-point 1.0690.
According to the latest forecasts by Goldman Sachs and UBS there's a very good chance that we'll be seeing EURUSD re-testing the 1.0500 level sometime in the next few weeks. Various fundamental factors certainly point that way, so it's worth taking a look at the chart on a higher time frame to see what's really going on. As we can see we've been bouncing inside a...
You could trade EURUSD since 19.Oct with just one dynamic line from 01.Oct low 1.1132. At the same time EURUSD has got confirmed resistance at 1.1380.
Would we see breakout from narrowing range before ECB meeting? I need your guess.
Analysis on chart. I'll be looking to capture the low, expecting it to get me early on in the rally that will ensue once USOIL breaks out of the contracting triangle, and the Euro Stoxx retracement ends.
It's not yet confirmed, but I think that we will see the move in question start after NFP.
Rgmov is showing interesting bullish strength, hidden amidst the...
Nice gap down after Greek #OXI
Question is when gap will be closed.
I see a possible Harmonic Gartley first and the back for a gap close.
If you agree with my chart(s) or just want to show appreciation - please... click the thumbs up in top left corner of the chart.
I would really appreciate it! Thanks!
TWUC
@BLawrenceM
Follow me on Twitter for intraday...
How we have been seen during last days the pair doing a long consolidation. This consolidation due to waiting of decision interest rate. Tomorrow to expect a hight volatility and probably a strong movement.
Using Elliot Wave analysis, I may suggest that the out from consolidation will up and will break 1.138 with targets until 1.176.
This is my main idea at this...
MA Crossover on weekly, this has not happened since June 2014, closed above 1.11 and still a green candle for the last week, closed above monthly pivot.
I'm looking for a reversal at the bull trendline or a break and close above of the bear trendline to go long to 1.1365 R1 and potentially 1.15
Overall I'm still bullish for this pair but the proportion of this gartley pattern seems really accurate.
Probably eurusd will complete correction on the 76.4 fib.
