EURAUD in running in major down trend , retracement up trend already broken Important key level broken @ 1.6260 volume profile show HVN at the same level , which is very strong area MACD show sell signal
A good time to update the EURJPY chart as we start trading above the key psychological 120 level. As widely expected for those following the live coverage in Telegram EUR is finding a strong bid across the board: For the long term map: The flows are simple today, completion of the ABC sequence at 121.219 while the extension at 123.782 will imply we...
~~~~~~~~~~~############## LONG MACRO POST ##############~~~~~~~~~~~ Firstly, lets begin with quick a recap of the bigger picture with our Weekly Macro EURUSD chart : On the flow side, as widely expected the ending of and the beginning of an impulsive . The 1.0905x lows held and attracted a fresh round of EUR demand. For the European fundamentals, it...
On the flow side, as widely expected the ending of and the beginning of an impulsive . The 1.0905x lows held and attracted a fresh round of EUR demand. For the European fundamentals, it should be no surprises we are starting a new chapter in fiscal policy here too, I recommend all to embrace the fiscal easing and continue to work the buy-side in EUR. Dollar...
A good time to review the long term chart in EURUSD as we approach the end of wave 2. This is coming at a time where global growth comes in at 2.6% vs. 4% last year; GDP although still growing at +/- 3% is priced on the US-China resolution nearing the final few pages. On the USD side , for the macro we have recession risks ticking higher (although now looking...
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
Introducing Technical Portraits ...a flow forecast for EURGBP over the coming sessions. Lets start by digging into the daily chart we are currently tracking: With last weeks 'progress' revised and the Queens Speech 'cleared' we can comfortably begin to buy the floor at 0.872x. This is strong support and will attract a lot of selling interest in GBP. We...
Here we are tracking EURGBP as the short-lived optimism turned bitter. Risks are skewed to the topside until damage from Brexit is fully addressed, with last weeks 'progress' quickly revised all hinges on the Queens Speech next. Those following will know I have been of the view that brexit will have a pervasive impact on the UK economy. Since the BOE rate...
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.
Here we are tracking the flows post ECB in EURUSD. A lot of updates on the monetary side, the ECB introducing two tiered deposit rates attempting to protect credit channels whilst reducing the effects in FX on lower rates. To put simply, tiering is there to act as a shield with front-loading effects and keep Deutsche Bank et al “alive” till the end of the year....
Draghi delivered the bazooka: 1. Rate cut 2. Extended forward guidance 3. QE 4. Tiering system We like Euro shorts from here.
Please watch the video carefully to understand my Counts. There are points where certain scenarios become invalid.
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...
Here we have a similar environment to that of EURZAR. The bullish reversal yesterday is implying that the reversal is corrective in nature and will bounce towards resistance at 21.7. The breakout if very tradable if you are not already holding positions, and stops can be kept tight above the 21.073 to sustain the confidence in the reversal formation. To the...
As far as risk goes you have to.. for the biscuit. We see Multiple technical confluences surrounding the 1.1170 handle with an X marks the spot scenario. Quarterly chart implies a continuation of the long term up trend for the pair. We are sitting around the 61.8% Fibonacci retracement level and have support from an ascending and descending trendline. With the...
A good time for an update to the chart here; after the descending wedge in the 5th wave we have begun a volatility expansion process. We are first going to track the 'B' leg; ideally markets will look for a retrace back towards 1.14xx in order for smart money to load for the 'C' leg before ending the larger wave II of the entire leg from early 2018. I will be...