The EUR/USD has hit the 38.2% fib retracement and is forming doji candlestick patterns which hints a possible move downwards. If Quantitative easing is increased tomorrow then we expect the Euro to fall and Vice versa. See www.plusfxtrading.com for more in depth analysis.
The yen has severely weakened during the Asian session as the Nikkei tries to play catch up with the large, volumeless pullback continuation in SPX. Intraday technicals are indicating that the pair is at a tipping point. A break of the minor downward trend line would signal further continuation, potentially to 125.10 (pending clearance from the 72-4H...
The Swiss franc has seen some action as traders move in and out of safe-haven assets, no matter what the Swiss National Bank implements (franc futures has a .82 correlation with gold). With the ECB hinting that more quantitative easing is possible ahead of the rate decision March 10, the SNB may feel obliged to intervene to stop any significant appreciation in...
Just some idle price movement predictions and a look at the inverse correlation between EURUSD and Dow Jones Index. I think March 10th with Draghi and ECB will probably cause some surprises and sharp movements, so just for fun I predict a hope-fuelled rise in equities (and decline in EurUSD) up until 10th March, and assume Draghi shatters all illusions. Stocks...
I think we will see a rise to 1.20 medium term in EURUSD. Draghi seems rather unconvinced on quantitative easing. In early December his statement was extremely soft as to the extent that the ECB would be adding stimulus. The time horizon was extended to 2017 but I believe this is more to do with not wishing to provide many market shocks in a year of uncertainty....
Well.. doesnt need much explenation still we are all trying to work out the implications of FED/ECB relationship and their monetary policy but one thing seems like the USD is not giving up! making terrain across the majors today after the announcement could still TOO EARLY to call it and I am SOO! looking forward to hear from the CTF report next to see how...
Uncle Draghi laid an egg Thursday and sent the Euro ripping. We were hoping for a uniformed move but after some leaks before the ECB announcement the Euro had it's largest one day move in a bazillion years. There was no time to position your self so it was tough to get on a long trade. If you miss a break (like we did) the next best thing is to drop down to a...
It's a race to the bottom on the EURO. Draghi is pretty for his spin talk...we are on the side lines until Uncle Draghi is done speaking. He likes surprises and since we don't we will wait. If you are in a Euro trade lock in gains and place stops.
Hacking the Fundamentals Read the Link above for more a detailed writeup. But to summarize: Draghi is dragging the EUR down. The Fed is considering a rate hike on December. EUR is weak, USD is strong. Therefore we're just looking for a perfect spot to short EURUSD. Hacking the Sentiment Since all eyes are on NFP with many analysts saying that this could be...
EURUSD appears to be failing below a critical resistance zone which stretches between 1.1384 - 1.1442. 1.1384 is yesterday's high and coincides with the long term descending trendline connecting the July, September and December swing highs. 1.442 was the highest daily close in the Head and Shoulders pattern from 3 weeks ago. We have entered short at 1.1302 with...
If policies continue to diverge, there will be strong fundamentals in place to justify a stronger dollar relative to the euro. From a technical standpoint, the long term support line appears to be broken. The 20v 50 day cross-over suggest momentum will be downward sloping. Bearish MACD cross-over is not a good sign. RSI may be over-sold but the down-trend...
TINA is doing great for stocks . If you look to the past , never before the DAX get 2300 points in 3 months. Never before MACD has reach this high.in positive area. Only the crash from 2009 and 2011 we seen this before in negative MACD area. So we are waiting for Draghi next step. :) How you rehab this junky the next months Mario :)
$EURUSD Has broken below the ascending triangle bottom and looks set to break through the Double/Triple Top confirmation level 1.0720 (4h close). Another possibility is a rally off this level and a retest of 1.050 but we think this Triple/Quad Top/Double Bottom scenario is less probable. Look to sell any rallies into the broken triangle bottom or LT channel top.