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...
EURUSD in large range into the Labor Day Holiday, limited downside. Looking for correction back toward 38-62% of hourly range.
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.
We are looking for OPEC to set the tone for strength of WTI Highlights of the May 2015 Canadian Ivey PMI data. 65.2 vs 55.7 prior This is a big beat. This moves CAD into Neutral Stance. We need to see some positive OPEC outcomes in OIL demands as CAD is following WTI to support this trade. Greece pushes out IMF payment. Even if payment is eventually made....
In previous idea I in details showed why this pair will fall down. What next? I think this pair have bearish trend with targets until to 0.95 Now this pair have a two count. My main scenario is that have ended wave 1 and will do a wave 2 in next several days to area 1.12-1.127 (50-61% of Fibo) with subsequent fall in wave 3 with a first target area nearly...
As you can see the pair touched the down trend and get down really good. If you see the weekly chart you will fine thath price bounced at the 038 fib and the last candle is a big bearish candle showing signal for short. in the 4h chart you can see that price broke the up trend so the most possible thing is a short to the area of the 1.0800 lets see the...
The bat pattern is now completed. Looking for price to retrace to FIBO 0.236, bounce for head and shoulder pattern completion. Then taking out support at 1.1907. And continuation of trend towards parity.
Well, the pair did not going rise upper that 1.14 how I expected. Wave (v) have ended at 1.13906 by extended diagonal. My order closed by SL at 1.127 today. This ending of wave give a point for start an opposite movement of trend. In current wave count show, that this opposite movement is just a correction wave ((iv)) . In common retracement for fourth waves...
I have waited the correction at 1.11 level, but there was more deep to 1.1065 with combination structure - double zig-zag. The depth of this correction may say about happen alternative count: 1.128 = wave (3) 1.1065 = wave (4) It is does not much important, because it is does not cancel rise again. The structure of correction looking ended, although...
Technicals on the chart Fundamentals : US GDP was weak but blamed on weather. Fed's Williams: June rate hike would require 'good' improvement in labor market, inflation. We have some critical data coming up this week Non Payrolls. US nonfarm payrolls increased by 126,000 last month after a downwardly revised 264,000 rise in February, the smallest gain since...
EURNZD seems to be making an uptrend coming off the ALL time low. I will be buying as long as the trend holds. Check the past post for this trade call. Please share your views, like (click the thumb at the top of chart) and comment.
The structure significant changed from my previous idea about triangle. At the present time this structure getting look like more as flat correction. The movement from 1.052 looks like impulses waves: (i) - (ii) - - . If so, the next rise will have a good acceleration and grow at least to 1.119 (wave (iii) = wave (i) x 1.618) If flat pattern will occur, then...
Technicals : Broke two hour and daily trend line - Triggered by FOMC minutes(Strong catalyst) . Correction seems to be over for USD and EUR weakness looks to continue. Fundamentals : - ECB started QE on March 9th and they are going to buy 60B per month until September 2016 - Fed got rid of "patient" from the FOMC statement on March 18. - Fed officials want...