Technically: EURUSD has been returned to it 10 YEAR trend since 2018. on weekly chart i expects 1.26 ~ 1.262 to the point on the trend line. Moreover, it is also Fibonacci expansion at the same points ( 1.26~1.262). now that we have two strong matching indicator of Trend line and Fibonacci, we might buy ( at weekly chart) or wait for daily and 4 H correction in...
OANDA:EURUSD Observations 1)Taking 1 more pullback to 'trap' euro-longs. 2)GBPUSD has retraced (365)-pips from 2018's high; 1.4345 level. We 'should' expect a decent pullback from EURUSD 2018's high 1.2536; at least 300-pips to take it down all the way to 1.2236 handle. 3)Visual 'game plan' on H4. "Never risk the house for pennies."
EURAUD To open LONG & SHORT positions for EURAUD , it is required: In this situation our system indicators to confirm trade entry confirmation for movement to the downside but if the market continues its uptrend we will trade with current trend. Market execution for entry, I will confirm signal once the conditions have been met. Risk Description: Once signal...
Updating my previous Euro charts, we have a signal active currently, in the weekly timeframe, and the breakout here gives us extra confidence to add on dips next week. Gold also looks great, which is usually a good sign for big trends in currencies. Best of luck, Ivan Labrie.
Talking points: - Investors prefer not to take risks before the decision of the Bank of Japan, fix profits; - Democrats and Republicans can not agree on financing the government, investors are slow to sell the dollar - because the consequences for the economy are not obvious. The Senate will vote on Monday; - OPEC excites the market with a statement that...
Heading for a pullback before the ECB?
We have a rather bullish meeting minutes from the European Central Bank (ECB) last week, but as long as ECB maintains its easing policies, upside on the Euro may be limited. Combining with the technical aspects on the chart, we are seeing an ending diagonal structure forming, with a divergence on RSI as well. Adding on, we do see price hit the minimum expected...
"Euro surges on ECB tapering hopes". www.reuters.com
As per my previous forecast, when we attempted to buy the bottom (and succeeded), $EURUSD started tracing what now has evolved into a full fledged weekly uptrend with enormous upside. You can join the trend here if you were flat, stops can be tight, a bit under today's low. Best of luck, Ivan Labrie.
ECB President Mario Draghi and other EU authorities are telling Italian banks to sell their bad debts, since it’s choking their balance sheets to give new loans to new business, and support economic growth. The central bank insists it can solve the problem on its own. But let’s put a bit of meat on the issue: A problem of 379 Billion Dollar is not going to...
Rationale for Bearish Dollar : Eventhough the Federal Reserve hike the interest rate (was fully priced in by the way prior the hike), Yellen's concerns on Inflation pushed the dollar down. I am anticipating further weakening of the dollar today. Risk for the trading plan : Dovish tone from ECB Draghi later today.
Hi Guys On the daily time frame this pair has been following a lovely bullish channel This has great potential for shorts, once we get a confirmed break and close lower Until that point in time, this pair can provide us with some pips. Expected moves around the supply/demand zone via white arrows. Thanks
All the major gloom on US currency has been priced by market participants this week, pulling back the index to 93.00 before the announcement of tax-cut package details. Thinner volume across the Pond, as well as elevated market concerns revealed the market majority preferred to cut wagers on US currency before fiscal stimulus news come out next week. And this was...
Good Morning, traders. It's such a phenomenal beginning of the week. Our forex trading signals closed more than 100 pips. The long-term position in Gold is doing great, and the short-term position helped to pocket nearly 55 pips. Likewise, another signal shared in A Quick Trade Setup on EURJPY closed 60 pips. Now I'm serving up EUR/USD and GBP/USD to secure high...
I'm long $EURUSD from 1.16 give or take, and aiming to add once we break out from weekly resistance, which I think we will be tagging within 2 more days. There's a significant chance that the prevalent opinion that the dollar bottomed and that we are seeing a 'head and shoulders' top in the Euro are wrong, and all those shorts get squeezed to death. This would...
- following positive PMI data, this will bring the EUR back to area of resistance, however I believe the pair will retest this level leading to a bearish move towards the monthly support of 1.1450 - I believe the ECB will remain dovish in the upcoming meeting in regards to the QE programme as this is necessary to secure the gradual convergence of inflation towards...
Oil market The oil market continues to master successively new peaks, rising on Monday to the highest level since July 2015 . Oversupply is steadily declining while Saudi Arabia's readiness for changes looks even more reliable against the backdrop of anti-corruption detentions in the higher echelons of power in the kingdom. Prince Mohammed Bin Salman made a...
NZD still getting hammered We had a nice break higher, and then a re-test of the 1.6950 Looking to scale in more long positions