EURNZD was inside triangle for long time as a congestion pattern
Bullish Breakout happened then retest for broken down trend line
now EURNZD breakout key level @ 1.7554
the pair should contine in the same bullish direction before consolidate in triangle
EURUSD is playing around in descending channel, either bull break out to go 1.10600.
On the negative side, If it doesn’t break out, Bear will take over and plummet to 1.109630 where support line is.
There’s EUR news from low to high impact today which will likely to effect the market.
Today the ECB Meeting takes place. At 13:45 the Interest Rates will be announced here a cut is expected and already priced into the markets. At 14:30 it should get really interesting here Draghi will hold his last important speech at the ECB, it is expected that this speech will be very dovish kind of a farewell present from Draghi and we have seen that the...
The ECB is expected to do 4 things: cut rates by 0.1% to -0.5% (1), with the mitigating measure of tiering (2). Furthermore, the market expects and extension of forward guidance (‘at present or lower…well past the horizon of net asset purchases’) (3); the market expects the reintroduction of QE for 12 months at a pace of 30-40 bln per month (4).
The market is...
Have a look at the main chart for the EURUSD Daily TF, where the BLUE horizontal lines represent concrete support and resistance levels taken directly from the Monthly TF. The orange horizontal lines represent the support and resistance taken from daily and weekly TF.
The 1.09000 level has not yet been tested on monthly charts, however the price did come close...
Yesterday's session started by the gap closure, just as we pinpointed. The resistance at 12 576 was retested twice and then the price action was dominated by fundamentals. The ECB President Mario Draghi hinted a possible rate cut into negative values to tackle Eurozone's economic stagnation. This scepticism influenced the German stock index DAX as well and we saw...
On our analysis on the 02.07 we were short EURUSD after a strong payroll and have since taken profit as the currency pair fell below 1.12. We are still short and long term we expected EURUSD to keep falling and believe it could fall to multi years lows below 1.08 by the end of 2019. This week could bring a significant amount of movement in the currency pair with...
President Trump said Tuesday morning that Xi Jinping had agreed to meet with him at the Group of 20 summit next week. “We will be having an extended meeting next week at the G-20 in Japan. Our respective teams will begin talks prior to our meeting.” Trump wrote on Twitter. Markets are reacting to this tweet as a signal to relax. However, on our point of view...
EURAUD has reached to one of its strongest resistance zone. In the past few years price fell down sharply after reaching this point in several occasions. Now again market is in this area.
If you look at the oscillators like RSI, MACD, Stochastic on the chart to measure the energy of the market, you see divergences and RSI overbought which all means market...
On our analysis on the 04.06 we indicated that we were still short ahead of the ECB meeting but EURUSD went up after the ECB did not hint at any potential future rate cuts as anticipated by the market. However, at the ECB forum in Sintra, Mario Draghi indicated that interest rate cuts are a possibility which sent EURUSD tumbling below the 1.11926 Fibonacci level...
Yesterday we said most traders were waiting for
Draghi at Sintra. Here is waht we were waiting for!
Euro fell after Draghi says "rate cuts" are part of the
policy measures going forward.
Continuation break in play!
EurUsd remains in a range after the ECB
left rates unchanged, announced favourable
TLTROs and pushed the first rate hikes into
This was ALL PRICED IN. The Euro is now
higher as a result.
We may take out the 1.1300 level if Draghi
does nothing to inspire dovishness.
The EURCHF pair has reached once again an important support level which can be seen on the weekly chart. The support is formed by a confluence of the 61.8% Fib level and a strong horizontal support - the lower levels of the recent range.
Shorter-term charts shows a symmetrical triangle pattern which may soon break out to the upside. The pair may retest the upper...
Yesterday’s session started without a gap and after a short correction, buyers really headed upwards to higher levels. Unfortunately, the momentum wasn’t strong enough to reach our target at 12 064. The session was then closed near it’s open at 11 986.
Resistance: 12 064
Support: 11 861
Statistics for today
Detailed statistics in the...
EUR/USD price broke again the resistance, we recommend a long entrance with a target of 1,133 / 1,138 with timing not exceeding 2-3 days. Then, once there is a rejection with daily confirmation, reposition short in the short period (a few weeks) with the target area between the 1.10 and the 1.08.. It is returning to the side channel that has been stalling since...
The main event on the foreign exchange market yesterday was the announcement of the outcome of the Bank of Canada meeting. For the fourth time, the Central Bank did not raise the rate. The decision is predictable and has been accounted for in the Canadian dollar price. But what was not considered? The fact that the Bank of Canada completely removed the mention of...