EURGBP as seen has likely rejected the long term descending daily trendline and now has eyes to move lower. To confirm this move, the daily candle needs to close below 0.84900 support which would open the door to further drop towards the next support located at 0.83800. The stop loss can ideally be placed above the long term daily descending trendline to achieve...
Looks like we have a 2.61R potential trade in the Euro vs the Aussie dollar here. I'm long, thinking it can easily hit the target zone, considering that the $EURUSD down trend signal in the daily chart has panned out, $DXY hit the weekly target, and timing for a daily move in $EURUSD has elapsed, implying a possible mean reversion or reversal move in that pair....
The euro has reversed directions and is back above the 1.1200 level. EUR/USD is trading at 1.1222, up 0.19% on the day. Where is ECB policy headed? That is no easy question, as we are getting mixed messages from ECB officials. Governor Christine Lagarde has pushed back against market bets of a rate hike in late 2022. Earlier this month, Lagarde said that it was...
1. Be aware that the SNB (Swiss National Bank) had set a minimum exchange rate of 1.20 CHF per EUR for some years to keep Switzerlands economy in place, because we rely on exports. 2. This synthetically set level can be seen in the period from 2012-2013 where the price basically did nothing for weeks and was just kept alive at that rate 3. On 15.01.2015 this...
GBPJPY H4 Nice rejection candle forming on this active H4, a bearish close similar to what we are seeing now could confirm a rejection of the retest of 153.000. Multiple confluences around this price, but very early on in the week, would be good to see it out for sure.
Last week's push in the USD strength led the EURUSD to breach 1.15000 crucial monthly support. As things stand, its not looking good for EUR on both technical and fundamental point of view. TECHNICAL ANALYSIS After the weekly candle closed convincingly below 1.15000 crucial monthly support, the path to the next low at 1.11700 remains clear and with near zero...
12-18m target 0.95 or lower fed-ecb inflation & monpol divergence technicals - macro yearly supp (arrow) turning to resistance and resisting into daily breakout = 0.95 run has officially begun!12-18M TARGET 0.95 OR LOWER FED-ECB INFLATION & MONPOL DIVERGENCE TECHNICALS - MACRO YEARLY SUPP (ARROW) TURNING TO RESISTANCE AND RESISTING INTO DAILY BREAKOUT = 0.95 RUN...
The euro is down considerably in Thursday trade. Currently, EUR/USD is trading at 1.1550, down 0.53%. Earlier in the day, the euro fell to 1.1528, its lowest level since October 13th. There were no surprises from the Federal Reserve meeting, as policy makers trimmed the QE programme by 15 billion dollars/month. The move was nonetheless highly significant, as it...
I think we are seeing the start of a big rally in the Euro here. I'm long from around here, with a stop a bit below the daily mode on chart (yellow box). Holding period can be quite long, depending on how signals form on the way up, I'd suggest to let it ride if not stopped out, as it can be a big move. Best of luck! Cheers, Ivan Labrie.
Currently EURUSD is confined into a nice clear descending channel. However as the price approaches crucial 1.15000 monthly support, the RSI is indicating positive divergence. If the daily candle clears the descending channel and D EMA, we could expect this pair to climb towards it next resistance of 1.19000. THIS JUST REPRESENTS MY ANALYSIS ON THIS PAIR AND ITS...
Price action at the back end of last week in EURUSD was chaotic to say the least. From Christine Lagarde putting across a dovish case for the central bank which the market completely disregarded to the dollar soaring on Friday on the back of a surprise spike in the employment cost index - an inflationary signal - we certainly saw plenty of action that we now have...
Keep an eye on this one. Key level is within reach and could reverse. Tomorrow ECBs decision on interest rate is in play higher volatility could come soon
As of writing, the DXY is trading at 93.355, down by 0.50% on Thursday trading. GDP growth in the US may be contributing to this 4-week low in the dollar index. GDP growth missed expectations for Q3 2021, reporting in at 2.0% rather than the expected 2.7%. Q3’s GDP growth represents the lowest value reported for this data point since the US began to recover from...
EUR – The single currency strengthened on Thursday after the ECB’s October meeting failed to push back against rising expectations for the central bank to begin tightening policy in 2022. Reuters noted that ECB President Lagarde’s comments in the central bank’s press conference were not forceful in reaffirming the ECB’s dovish stance. Hence, the lack of dovish...
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 Here is a new SELL Scenario, a short lived pop, ECB Mesure are still on hold, Taper discussion in November will influence USD soon. For a longer term, it can reach 1.15 and 1.14 for a quarter if you are patient. 💹EUR/USD SELL STOP ✅ Entry @1.17000 or below (17300 is the best but not sure it will reach this point) ✅TP-1# 1.16800 ✅TP-2#...
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 confirm the downside move and it will allow us to add to our positions
Hello Traders! 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. Euro (EUR) Fundamental Bias: Weak Bearish Primary Driver: 1. The Monetary Policy outlook for the ECB Rationale: The ECB provided an...