will be an interesting trde.. My expectation is a breakdown from the triangle will occur then a true breakout In a totallu=y diff scene a stright up breakout may happen also..Will decide the entry , the take profit regions are market sin green..
Case for FXE Bear Put Spread Next week’s ECB meeting seems unlikley to result in increased rates tapering while the Fed is actively unwinding QE Softer EU inflation data, manufacturing PMI’s, and Italian elections keep pressure low on Draghi to tighten despite solid GDP statistics Recent US equity spike in volatility likely to be top of ECB voters’ minds. Target...
The Euro had a nice swing downwards to the 1.22 area. Good pips for anyone who hopped aboard. I'd take profits and watch for price to indicate what to do next. We could see a firm bounce from this area or a break and run to 1.126 trendline area. I marked the last time price was in this area. We can use this price action to determine the likely outcome of what...
Price is entering an area of decision. Will we continue the range that started back on Jan, 12th or will we see a breakout to the upside with 91.00 being our target? Either way, the price action of the next few days will tell all. We don't have any major data points coming out, so look for Fed Speak or unexpected events to have a bigger impact than usual this...
EURGBP is testing 50% fib.retrace ---> if breaks the downside is more likely to happen. MACD crossed but and is now going further downside - almost entered into the negative zone. Notice that inside of this wedge there is a triangle patter. So i think the further drop down is really possible. Aroon UP is loosing its power over Aroon Down which means that the...
U/J is overextended to the southside. Needs some room to breathe. Look for a bounce here to around 108.25, if that area is broken look for price to test 109.50 then 110.25. The US still is one of the strongest economyies in the world. Recent weakness across the board for the dollar is centered around political noise like the possibility of a government...
The pair formed a clear double top at the 1.25 area. Look for the continuation of the move south to the 1.22 area. If price breaks that area look for a play towards the trendline. Zoom in on price action to see the double top more clearly. Always have a plan. Idea becomes invalid if price breaks north above the 1.255 area and holds. Remember always make your own...
I noticed this "Triangle" pattern. If it doesn't break the bottom line -----> Long position up to 110.800 ? Look at the RSI as well!
Looks like EUR/NZD is about to show us something interesting. If it breaks the line -----> Bearish trend down to 1.62000 level If it won't break the line -----> then we will see a further upward movement possibly up to 1.74000. Fundamentals are in favour of EUR! So let's keep an eye on this lovely currency pair!
The strengthening of the dollar should continue now that the possibility of a government shutdown is behind us. We should see the dollar reach the 89.40 area. If we can hold there price will continue to around 90.00. The key figure to watch with this rally will be Thursday's CPI inflation data. We should see an on par or better than expected figure but if not....
We all know why there was a drop. That's because it was BREXIT. Although volatility and excitement are what drives major trades on this pair. I can see in the long run the GBP gaining strength as its economy develops faster in response to Brexit. I see the pair reaching the 163 mark beginning os July.
If one were to take away the multiplicity of hurdles facing a weaker USD. Then one would realize that the real reason the USD is weaker against the EUR is that there are stock market factors. The DOW plunged recently wiping off $5 Trillion. If the Eur remains at the $1.24 level then it looks surely to reach the $1.26 mark.
The Yen experienced upheaval in late 2017. Foreign industrial orders for cars and durable goods affect the volatility heavily during times of trade. Now is no different, When you have a stronger currency then it implies that stocks will be at more of a bargain. As stock prices gauge the power of a currency. The increasing separation between Topix prices...
Everything mentioned in the chart Best of luck
In few days we will see big drops in Verge, if you like risky can buy at 680 sat, next level to buy is 490 satoschi. Buying now is very riky because verge is very pumped, and a lot of people want to make profits. You just look at the past.