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
Hello Guys, Matter of fact, the Euro depreciation just begun. If you didn't catch that surge down , don't panic. Next week will offer better entries as more and more people jump, the EUR will jerk up a little bit before continuing with the plunge. Two technical considerations advised my entry: 1. Notice that bear divergence pattern over the last 20 trading days...
Oil futures turned out to be less volatile this week than forecasted, the level of $60 per barrel is at stake on the Brent benchmark and the Saudi prince is absolutely not shy to openly support the extension of oil pact after March 2018. WTI posts small losses on Friday as its buoyancy lags behind Brent’s as the increase in US output limits advance. The spread...
Morning outlook - EUR/USD anticipates ECB meeting Despite a release of better than expected US purchase orders data the currency rate did not manage to bypass the 55-hour SMA and soared in the opposite direction. The main drivers that pushed and are continuing to push the pair to the top are expectations on the upcoming ECB meeting. On the one hand, the currency...
Took a longer term look, Daily that is. Running into support, let's see what happens.
ECB European stock markets and the euro stood still in anticipation of the results of ECB meeting, while in the fixed income market there is a slight rush and the price of bonds is moderately growing. The yield of US Treasuries also fell after a rise to a seven-month peak on speculation about a new Fed head, likely to be a candidate with a more aggressive policy...
After a breakout of the triangle we see an ABC correction, a possible retest of the breakout which should stop around 13.020 The BIG C wave might not be finished yet and price could fall until 12.8XX to finish the correction. However over 13.070 we are back in the trend, old target around 13.500 (see older posts) are still on the table.
A head of this week's ECB meeting we see the formation of a double top. This is a bearish formation. The volume has been declining from each top. Granted FX volume is not a perfect; however, it is still evidence in favor of this formation. The tops have bounced off the 200MAs as well. Both times the price action could not break through. One last note, this...
After the completion of a 3-wave move down from the recent high at 1.2094 to the recent low at 1.1669 (with an ending diagonal structure), price has been bouncing up and down in a 200 pips range. As long as price remains above 18th Oct low at 1.1729, we remains bullish bias on the EURUSD. Potential targets can be between 1.1940 to 1.1990 area. Stops can be...
Despite the solid amount of bets on the hawkish outcome of ECB October meeting, where a decision should be made to cut money supply, Draghi does it all to play down the event. At the conference in Frankfurt, the president of ECB once again recalled positive aspects of cheap liquidity, saying that low rates create a window of opportunity for European governments...
Trump tax reform Predicting the failure of the Trump tax reform because of its scale and unclear double-side backwash, skeptics apparently understated the president's negotiation skills. Despite initial skepticism, the number of supporters of the tax cuts is growing rapidly among Republicans. On Monday, it was clear that the level of approval allows for rolling...
I am no Bearish on this pair after we have broken out of the Daily channel (ascending wedge) I was previously long on this pair but that is now invalidated (closed before stop triggered)
After weeks of doing absolutely nothing, we've finally seen some directional movement on the EURJPY thanks to some ECB stimulus talk this afternoon. This expansion is leading price up to a previous level of structure support which also offers a potential bearish Bat formation as well. Akil I don't know who's more upset about the USA not qualifying for the 2018...
Good afternoon everybody! Today is going to be my live trading SHOW. Look at the EURUSD graph, this is my forecast. I'm waiting for your attendance, look for the link in social by Kate Wess or in the my tradingview profile! Have a nice and profitable day!
September ECB Minutes World indices are descending from record highs, while European investors are waiting tensely for the protocol of ECB meeting in September to get more information about the regulator's intentions to curtail monetary stimulus. CFTC data over the past week showed that hedge funds were gaining positions on the European currency, despite weak...