There is downside risk for the euro as price action for EURUSD failed to close above 1.1342, essentially creating an asymmetric double top with the fizzled mid-February rally. The pair looks to fade back to the 200-day EMA near 1.1108. The rally in the dollar following its steep declines last week could cause a more pronounced slide as long as the DXY remains...
In this chart we have a nice long setup, with a premature entry, based on a series of factors, ahead of the time at mode confirmation for this trade. Since we're above the mode, or most frequent price since the recent low, it's likely to see uptrend continuation, specially considering that the downtrend we had observed in the daily (see my related publications)...
In my previous publication I shared an optimum level to go long USDCHF using the quarterly uptrend stop loss. Currently we have retested this key level, and rallied, but we approach a heavy resistance zone and the weekly chart presents a confirmed 13 week decline which aims for 0.93084. I had added the FOMC key levels, which represent support and resistance...
The EURUSD strength after the FOMC sounded less hawkish is running out of steam. The consolidation of EURUSD in the first week of April shows the market has digested this new policy line from the Fed - consolidation above recent highs. The future direction now depends on who moves next? France and Italy are showing weakness in consumption and that is too...
Looking to short USDCHF soon.
The EURAUD chart is a very interesting one. I'm in a small long position, looking for more reasons to add to it soon. Price has found support in the quarterly chart, where we see two 10 quarter levels, with the recent low landing right on this level before forming a nice base, after a very sharp outside bar. From the recent swing low, price has formed a base,...
Primarily a technical play but with the recent ECB action, the CHF may appreciate versus other pairs as the EUR catches a bid. Brexit fears, as much as they seem forgotten may take centre stage once more as the first quarterly round of Central Bank activity ends next week. This contrast makes FX:GBPCHF a favourable play. With the break of the ascending...
I'm monitoring the progress in the Dax index's uptrend currently in place. Price action has became turbulent recently, forming a large triangle, but it's possible to see an interesting resolution to this situation soon. The time at mode signals on chart imply a potential advance is due, if we get confirmation with a day opening and closing above the 9780 without...
EURUSD bullish divergence on 30min chart LONG break of downtrend line at around 1.12 will open further upside momentum, could target 1.1320 highs
You would think the bombings in Brussels would send the euro plummeting. You would think the ECB reducing rates and more QE would send the euro plummeting. You would think the very idea of a brexit that threatens the EU concept would bring down the euro. You would think that political uncertainty in Germany and poor data would bring down the euro. This is my...
Very nice potential longs setting up here, next week we might get nice confirmation to add to longs. For now, this is a rather low risk entry, going with the trend in the daily. Risk half on each. Short term timeframes show good momentum building up, and I see equities continuing to be bullish for a little more upside (S&P500 to retest the downtrend mode at 2082...
With an ECB not keen on pursuing further rate hikes, the Euro should appreciate further than the Greenback, up until the lead up to the next increase in interest rates by the FOMC. Technical levels on chart. Price is about to break a tiny wedge. Longs on break and close above this descendant trend-line. Targets: Target 1: 1.120 Target 2: 1.135
Good afternoon dear colleagues, investors and traders. Your attention is given fundamentally - technical analysis of the currency pair: EURUSD. "Mario Draghi - a volley of all weapons, sorry for that purpose by" Last week Mario Draghi announced a comprehensive stimulus that should lead to a weakening of the single currency, as well as to an increase in...
Descending Triangle forming at top of bull pattern, -still a bearish continuation pattern though. I am expecting a drop tomorrow with all the news release. A quick rebound afterwards might come afterwards though, as with last weeks ECB news, -main trend is up at the moment.
With the crazy ECB announcements, there might a bullish trend reversal on the pair. After a clear break of a bearish trendline, I expect EURAUD to head higher in the near future. However I am expecting a small pullback before it makings it's next big move. Trade with care. For more daily signals and analysis, please follow me. As well don't be afraid to leave a...
GBPJPY moving on up inside H1 uptrend channel bullish GBPJPY moving on up inside H1 uptrend channel bullish after a deep correction, following the ECB rate decision, mainly due to safehaven flows into JPY.