This chart comes after a request from @radyan899464 and a very good time to update the chart as we reach strong support from the initial wave of profit taking after our large swing. Those tracking the previous swing can see in the diagram here: 1595 triggered a lot of profit taking and covering, we are now entering into accumulation and once again get ready...
All 👀 on EUR with heavy sells mounting from some of the biggest sharks in the business. It’s difficult to find anything positive on the macro side in Europe at the moment, and notably I am getting an increasing amount of questions from clients with the same exhaustion. With German uncertainty, ECB emergency cuts making the rounds and when you look at positioning...
The starting position has been difficult to reach for the 3rd impulsive wave after coronavirus risk-off flows hijacked the move. But what now? Either a breakdown to close the gap from French elections in 2017 or an imminent reversal to kickstart the leg; of course if only the positional obligation was not so appealing at these levels for longs because we are...
A good time to update the daily chart in EURCHF with Euro starting to trade firmer on the crosses and the CHF run beginning to show signs of unwinding. The 1.074x is starting to look very weak and will give way to sweep all the way down towards 1.062x, here looking to increase exposure; should we visit 1.080x I will not hesitate to increase sizings. For those...
This is not a guarantee investment advice but seeing the potential risk to reward for upside and knowing the ECB head Lagarde due to give a speech in some minute I thought this pair will have some good volatility. Knowing that during the Asian session the latest updates on retail sales and trade balance for Australia were worst then forecast and previous but the...
Risk appetite has recovered in recent trading sessions as China seems to be stepping up its game when it comes to keeping the coronavirus outbreak and its impact on the economy contained. This was enough to bring EUR/NZD down to the 38.2% Fibonacci retracement level on its recent rally, and it appears that buyers are trying to defend this area. Price is currently...
Here a very good time to update the Daily chart in EURUSD as we approach the infamous "Loading Zone" at 1.104x for the European close. A temporary reprieve for US data but in this case sellers have already exposed their stops on the highs while buyers continue to load on the ranks. The exchange/consolidation in the short-term flow makes it possible for...
After managing to retrace most of Friday's rally we are going to open up the Weekly flows for EURUSD; EUR saw notable month end demand as smart money understands the shift behind the curtain at the ECB. The highs in this are going to be capped at the 1.12 handle with main targets 1.125x and anything beyond this would have to come from the USD side at this point....
Here we go...Markets are not expecting a lot from the ECB fundamental front , rates will remain on hold with more focus on the hard macro data tomorrow. The only thing to 🔎today is for clues around duration of policy review. On the technical side , jurisdictions are defined clearly on both sides as EUR is comfortably holding the 1.108/9x support. The initial...
Despite the fact that the coronavirus epidemic is in full swing (the number of deaths has already exceeded one hundred, and the number of infected has approached 5000), investors sighed with relief. The Fear Index (VIX) crashed 15%, safe-haven assets were down, and stock markets and oil were up. Since we still do not see reasons for optimism, our recommendations...
Last week was marked by meetings of the Bank of Japan, Bank of Canada and the ECB. The first wave of decisions showed that the central banks are not yet ready for any changes in monetary policy. You can understand them: at the current rate of economic growth, raising the rate is impractical, and there is nowhere to lower it (at least in the case of the Bank of...
Yesterday, the ECB expectedly left the parameters of monetary policy in the Eurozone. This was predictable, so most were interested in the new strategy of the Central Bank. But Lagarde greatly disappointed the markets, saying that before November-December, one could not count on any clarity in this matter. Thus, the euro will not have to rely on support from the...
1-hour time frame, EUR/AUD is trending higher inside a rising channel and the pair is currently testing support. Aussie may have enjoyed a strong run from impressive job data in the Asian session, but it could return those gains to the euro if the ECB sounds more upbeat. Stochastic is indicating oversold conditions or exhaustion among sellers, too. If price action...
Today we have the first ECB of 2020. Price at confirmed support and near trend line. Dovish outlook from Lagarde would trigger short trade on the break of support and trend line. Alternatively any hawkishness would make a bounce from here, though it is less probable. Good Luck!
Wednesday was remembered by the next highs in the US stock market. The madness continues, but characteristic is the reluctance of gold to decline against this background. It turns out that buying gold is currently practically risk-free: with an increase in demand for risky assets, it does not fall, but at the same time, any concerns of investors instantly provoke...
The main event of yesterday in terms of macroeconomic statistics was the publication of statistics on the UK labor market. The data pleasantly surprised. Recall that we expected rather weak statistics - the British economy has been painfully unconvincing in recent times. Nevertheless, the UK economy for three months until November created 208K new jobs, which is...
EUR testing the 1.108/9x zone this morning as mentioned already earlier this month. At this point all soft hands who tried out guessing the reflationary flows and USD devaluation in December are washed out. Activity for the European open picked up, I remain bullish and have actively been adding longs in EURUSD. Stops can be kept comfortably below 1.103x while...