The latest rebound from the bottom of the channel has given a soft recovery. We are approaching key resistance areas and for those who are bearish on the USD you will need a constructive break above 1.13 to show anything meaningful in this recovery. I don't subscribe to the view that we have seen the highs in Dollar and expect these flows to continue well into...
TRADE TYPE: SELL WHEN THE MARKET OPENS AT AROUND 124.800 LEVEL STOP LOSS: 126.750 TAKE PROFIT: 123.000 RR: 1:1 TECHNICAL ANALYSIS With the trendline and channel on daily charts broken convincingly, the cross is aiming to test the next crucial support that lies in the 123.000 level! Price has already given the confirmation and the short trade can be executed...
Hi Guys, EUR/USD and DXY are unfolding their moves. Watch out for USD/JPY and Gold that seems lagging both. Strategy: See my last post in the related links below. Thank you for your support and for sharing your ideas. Don't forget to like if you like the post and to follow if you want to receive notifications on new or updated ideas. Respect, Be Carefull...
Yesterday, Mario Draghi announced a new round of long-term and favorable conditions loans for the banking system. The new series of operations will be launched from September 2019 and will end in March 2021. The operations will be carried out every three months and each will have a two-year maturity. In addition, the ECB has confirmed what analysts had expected...
REFER TO THE ANALYSIS IN THE RELATED LINKS TRADE TYPE: INSTANT EXECUTION AT AROUND 126.840 LEVEL TRADE TYPE: BUY (LONG POSITION) STOP LOSS: 125.685 TAKE PROFIT: 128.000 RR: 1:1 SHALL THERE BE ANY UPDATES I WILL PROVIDE THEM HERE. CHEERS
EURUSD Huge sell off today after ECB news slashing projected growth forecasts from 1.7% to 1.1% for 2019. Fundamentally Europe is struggling as an economy with Italy in a technical recession and the remainder of Europe struggling due to China slowing down and the Euro countries being reliant on trade. This all suggests near term growth to be weaker than originally...
As mentioned in my previous post the pair broke below the rising wedge and failed to recover. The ECB meeting today also disappointed with its dovish message and downgraded growth forecasts. Also, the committee is launching TLTRO program soon which also increased the pressure on the pair. My initial target for the rising wedge breakout is 1.1180 which is also...
By now you get the point, expecting dollar strength to enter into play over the coming sessions. Keeping it simple in a technical sense with stops above the highs and initial targets at the low of the range. There are extensions here as low as 1.09 (I will be posting a zoomed out daily chart on EURUSD) for the move so be prepared to close partial positions...
Here we are quickly tracking the flows for the news: We are tracking a few key things here today: (1) Removal of summer 2019 from forward guidance -> replaced with end of year (2) Growth and inflation forecasts revised lower (3) Confirmation on TLTRO’s to be announced with full details coming in April For those who are short EURUSD, there are no changes to...
After a very bearish end to the week for EURUSD I am updating the Daily chart with our latest targets at 1.0905. Timing wise we are positioned for ECB which is expected very dovish as Europe is struggling on many fronts... => EZ growth subdued in Q418 and expected to remain low for Q119; Italy already in technical recession whilst Germany touching cloth. =>...
A slight uptick in Euro PMI's is taking off some more of the pressure here and we are beginning to see a base forming. Those looking to pull the trigger on a simple break of the trendline which will unlock a return to the previous upper range and also a re-test of the highs at 0.91. Best of luck hope all are positioned appropriately for Brexit.
1.65000 level represents the concrete support level drawn from the Monthly charts, which has been clearly rejected and the price now aims at breaking the channel that it is confined in and close above the daily 50 EMA! A convincing close above daily 50 EMA needs to take place, thereby giving further confluence that the price is headed towards the 1.69000...
With the potential Trade deal getting even closer among the worlds two largest economy and trump delaying the tariffs, The Australian Dollar may appreciate but NOT too much. In the analysis below i explained why the AUD is in for some benefit but DO NOT expect it rally should the trade deal be made! Same goes Fundamental analysis goes for the EURAUD however in...
EUR/USD has been stuck in a tight range since October between 1.1215 and 1.15. The pair is underpin by trade relief between China and the US and dovish Fed, but an economic slowdown in Europe and brexit is limiting its gains. Uncertainties around the euro zone remain high, but I think that a breakthrough is around the corner. This range will stay until a major...
There is a huge bearish momentum in the Euro Jpy where the BoJ is pushing the Yen up again. this all is in contrast with the dovish statement of the European central bank.
Comparing US financials with the EU financials. Have DBK on the rader for a long position.
Target: 1.1700 Risk: 1.1440 Technical reasons: Rallying to surpass the descending channel’s resistance leads the price to achieve more expected rise in the coming period, expecting to head towards 1.1600 then 1.1700 levels. The consolidation above 1.1440 will keep the bullish trend valid, and breaking it will push the price back to decline again.
After suffering large losses on Thursday following disappointing datas and dovish Draghi , EUR/USD recovered all its losses on Friday and ended the week positively. I spotted a bullish engulfing candle on the daily chart which shows upside reversal. Next target for bulls is 1.142 ( January 16 high ) and 38.2 Fibo. , 1.144 and 1.15 psychological mark. Next...