Early rate hike priced in for the pound, that may not come as soon as expected. So we can see an overstretched position also if we see more vix upside along risk off sentiment that supports the trade as well.
Fundamental Bias: Weak Bearish
1. The Monetary Policy outlook for the ECB
The ECB provided an...
Today, we are expecting the ECB Interest rate decision.
We shouldn't see any new numbers, but there's always a market reaction regardless.
The expectations and the direction remains the same and there's no changes since our analysis from yesterday
A breakout below 1,1580 will...
I think we have a decent trade with something between 3:1 and 5.28:1 RR here. I'm long here since the hourly is bottoming, and daily charts hit long term support, while being close to exhausting the last daily down trend signal that was active. Technically, this is a very strong mean reversion possibility and we have the backing of the Swiss National Bank which...
The Euro is currently in an uptrend - leg up as "Cross-Check Target" to newly created Mean Res 1.15720: An sell opportunity around this resistance point for a drop to retest Key Sup 1.15295 and follow through to Inner #2 Currency Dip 1.14980 mark.
A potential entry for a move down is forming o the dollar index, you can take this trade inverse on the eurusd.
Take profit at pink zones which are H4 demand zones.
The black zones are weekly demand and supply.
The ECB’s decision.
The European Central Bank (ECB) held its interest rates unchanged during their monetary policy meeting yesterday.
Main Refinancing Operations Rate: 0.00%
Marginal Lending Facility Rate: 0.25%
Deposit Facility Rate: -0.50%
The size of its quantitative easing (QE) programmes remains unchanged as well.
Asset Purchase Programme (APP):...
If you have been following our daily analysis, you should know that we expected a trend reversal on the hourly chart from 1,1900
We are currently in the next key moment for EURUSD.
There is less than an hour left before the interest rate decision from the ECB, and that will be followed with...
EURUSD pushed ahead last week due to a poor U.S. jobs report. The problem with the jobs report is the Fed has to choose between unemployment or inflation to control. Since inflation has cooled off last month and the Fed insists its transitory, so will they reduce the pace of tapering or even delay it's announcement? This gives USD weakness. The issue this week is...
the idea on this pair is to wait for an extension of the pullback to exceed 1.19088.
This move was enbedded in the divergence between sentiment and price lows and stopped at July H in conjunction with NFP release on Sept.3rd. In this occasion the indicator didn't stop and exceeded it's July H forming a divergence also between latest two tops.
Hello everyone, as we all know the market action discounts everything :)
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on Aug 31 I talked about the EURUSD market and how it's moving Bullish after a Breakout in the trend, Today we see that the market moved exactly like we thought it would.
Welcome back traders to the last month of Q3. It was quiet from my side for some time, due to the summer holiday break and major risk events on the horizon.
A lot has changed in a few weeks. The market was pricing in tapering and interest rate hikes by the FED in early June, but the sentiment changed quickly after a disappointing speech for dollar bulls by Powell...
Fed's continue blur-dovish stance. Both Fed & ECB along with whales started spreading the inflation fears, so they're getting ready to buy gold and start the paused rally as Covid19 vaccinations have reached recommended levels in the EU and going fast enough in the US as well. they'll want to protect their filthy gains (from the multiplication of 1:1000 and free...
Markets in Asia and especially in Europe started September strongly after higher-than-expected inflation in the eurozone and very optimistic comments from ECB Vice President Luis de Guindos, who said that the eurozone economy is growing faster than the ECB expected, hinting at an upward revision of the central bank's growth forecast. On the downside, German retail...
Updates coming here after the Jackson week
Bearish JPY and looking to play versus EUR . Actively adding here as the l/term uptrend is set to resume, we can look to target fresh highs here at 134.1x and continue to expect JPY to underperform in Q3 and Q4.
Indeed the break is signalling in advance that the direction is still up. Price action above 129 is...
Here we see the price of the EUR/USD pair recently have retested a very relevant resistance forming a blueprint of a descending channel. Within the channel we see a 5-wave (ABCDE, rising wedge respect the same resistance level. A confirmed breakout from this triangle would see the price reach the end of the channel.
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Flows into USD continue with yields unlocking potential for flattening. The latest breakdown in euro is calling for a reassessment across all charts, did not expect the pullback to come this far, so we will go through the process over the coming sessions. An interesting environment, we are in the middle of summer with thin liquidity and technical discipline...
Hello traders and happy Friday. It's time for our weekly outlooks of major FX pairs.
First on the list is EUR/USD. The pair moved sharply lower today after strong NFP numbers from the United States (943K vs 870K expected) helped markets to reprice their Fed tapering expectations. Hawkish comments from the Fed Vice-Chairman Richard Clarida that the US is well on...