The main chart represents the EURNZD weekly chart where it shows that the price has been stuck in a range. The red horizontal support and resistance are the crucial nearby levels that needs to be broken for the pair to start a new or continue the old trend cycle. Depends on what level is broken first then and only then it is advisable to trade this pair LONG OR...
EURAUD at the moment is providing us with both a swing and day trading opportunity which is still developing and might be complete soon. After hitting the strong crucial resistance of 1.63500 level not once but twice in a span of months the pair seemed to be headed towards the next support level that lies in the region of 1.55000. Have a look at the main chart...
Target: 1.1700 Risk: 1.1495 Technical reasons: Surpassing the descending channel’s resistance opens the door for a key turn to the short term trend, to head towards 1.1700 areas in the coming period. The consolidation above 1.1495 is important to continue the expected bullish trend.
For a long while, EURUSD has been confined in descending wedge and currently hovering at the descending trendline of the wedge. By looking at the current weekly charts, the price shows thats its confined in a wedge. last year the price action formed head and shoulders pattern, adding to this the neckline was also broken to confirm the pattern completion. On A long...
The pair looks more bullish now with the Fed expected to be more prudent on raising interest rates next year. An ascending triangle is shown on the 4h time frame. An upside breakout around 1.15 might send the pair beyond the resistance line for a potential target up to 1.18
Target: 1.1185 Risk: 1.1444 Technical reasons: The EURUSD pair’s continuous move inside the symmetrical triangle keeps the chances valid to continue the bearish trend on the short term and medium term basis, and breaking 1.1340 will push to 1.1185 direct. On the other hand, consolidating below 1.1444 is important to continue the expected bearish trend.
I just spotted a rising wedge on the DXY weekly chart which started with the dollar uptrend in early summer. As concerns over slower global growth increase over time , the Fed may shift its forward guidance and turn more dovish on its last 2018 meeting in the next few days. Combined, this bearish chart formation and maybe a more dovish tone from the Fed might end...
=> From a technical perspective EURUSD looks ready to resume the impulsive downtrend since Jan. => The move is difficult to chase at this stage as the stage is set for a very short term squeeze towards the 1.180 range highs to clear the board of any late shorts. => That being said, any squeeze in the immediate short term should be viewed within this broader...
EUR/USD broke below the symmetrical triangle it has been stuck in for around two months on the 4 hour chart following disappointing economic datas in Europe, which decreased the probability of a rate hike by the ECB in 2019. A weekly close below the highlighted area might indicate a continuation of the downtrend and a lower range for the pair. Next target for...
=> Some key updates here on the EURUSD front since the ECB this week. => For those following our ideas, you will know we were expecting a dovish ECB which came inline. The way we chose to play this was a buy rumour sell fact with a short squeeze. => This was an attempt of outsmarting those reacting late to the end of QE. This has not played as we expected and...
EUR/USD is currently situated between 1.1400 and 1.1340s. A break below this range could led to further downside price action. As of now, Euro stands still awaiting a confirmation to the downside. EURUSD FXE
EURUSD has received the local support near 1.1300 levels yesterday. Over the past month, the pair fluctuations’ amplitude has decreased noticeably, but it looks more likely to squeezed spring, rather than calm. Today, in the EU markets’ focus is the ECB meeting, which often causes strong volatility. Mario Draghi is expected to confirm that the Central Bank will...
Target: 1.1185 Risk: 1.1444 Technical reasons: The EURUSD pair rebound from the strong resistance 1.1444 pushes the price to test the important support 1.1310, and the price move inside a symmetrical triangle indicates the price head to continue the main bearish trend after breaking the pattern’s support. The bearish trend will be expected as long as the price...
Target: 1.1590 Risk: 1.1310 Technical reasons: The EURUSD pair begins the attempts to surpass 1.1444 level, especially after placing ascending bottoms recently, giving chances to rise in the coming period, and the target is testing the descending channel’s resistance at 1.1590. The bullish trend will be expected unless the price failed to surpass 1.1444 today.
I think we have seen the catalyst we needed for a major bottom to form in the Euro and precious metals, which were already well supported. Up we go... Cheers, Ivan Labrie.
In this video, I explain some thoughts behind the euro weakness and shorting opurtunties into the new year EURUSD EUR FXE
With recent fundamental shifts in sentiment, along with the global futures charts to back my opinion, I am long this pair. The technical shows price making a bounce off of 1.1200 support, heading towards 1.1450 resistance, which if broken, will signal my long entry. I will also be looking for limit orders if price drops as much as 160 pips from current price, then...
German gas prices has risen to the highest level since 2014 despite oil 1.80% prices collapsing. This is indicative of inflation? The ECB has yet to raise rates and the longer the wait the more extreme the inevitable rate hike could be. This could make the EURO 0.02% explode in value as people buy it up to pay back debt and what not. Who knows.