That was surprisingly good day for EUR, but my opinion what on the next week we will see new low of the month.
So as most of you already know it is March The 10Th Which is the date where The ECB come out and speak about Monetary easing, Inflation and Rate cut What am i expecting ? Well as a mainly technical trader it is in my job description as a full time trader to look at Both technical and fundamental in the market. After heavy research into the Fundamental side...
EURUSD H4 short on bearish divergence + marketsqueeze indicator just a quick impression from my chartboard shortly before todays ECB ratedecision. As you all should know, a disappointment of markets with the Draghi Show can push EURUSD up to 1.12 levels resistance, while on the downside 1.08 might open the door for further decline towards 1.05 levels.
Possible long here just before the ECB news kicks in (I hope), if it breaks SR zone. take position for a good 1:2.1 RR ratio trade
The EUR/USD has hit the 38.2% fib retracement and is forming doji candlestick patterns which hints a possible move downwards. If Quantitative easing is increased tomorrow then we expect the Euro to fall and Vice versa. See www.plusfxtrading.com for more in depth analysis.
Price action has broken the downward daily trend line which now becomes support. Price is bullish above the trend line and break of 38.2% Feb level and is likely to consolidate around 1.1 while markets wait for the ECB interest rate and monetary policy statement due Thursday. A break to the up or downside is possible however my preference is towards a break down...
Is the once Goldman Sachs "slam dunk sell" turning into a layup buy? I cannot hate the initial call from many investment bank analysts it to sink to $1,000 because, in 2013, I issued a $1,035 bear-call. However, I do ridicule these analysts for unwillingly (either through ignorance or moral hazard) understanding the dynamics of gold. But in 2014 I turned rather...
The yen has severely weakened during the Asian session as the Nikkei tries to play catch up with the large, volumeless pullback continuation in SPX. Intraday technicals are indicating that the pair is at a tipping point. A break of the minor downward trend line would signal further continuation, potentially to 125.10 (pending clearance from the 72-4H...
Good day dear investors and fellow traders. Fundamentally - technical analysis of the currency pair #EURUSD "The ECB is planning a new intervention, prepares us for the reduction of the single currency, but is there any ammo?" The single European currency continued to decline, currently has departed from its high at 360 points, having one of the three main...
The Swiss franc has seen some action as traders move in and out of safe-haven assets, no matter what the Swiss National Bank implements (franc futures has a .82 correlation with gold). With the ECB hinting that more quantitative easing is possible ahead of the rate decision March 10, the SNB may feel obliged to intervene to stop any significant appreciation in...
In this chart I describe the current estimated trayectory for the Euro. I expect a brieft retracement, if we were to move above the last daily high, crossing the recent FOMC minutes release Key Level, and go to test the low volume resistance levels above, and eventually test the top FOMC key levels if said resistances fail to hold. It's possible to go long above...
Just some idle price movement predictions and a look at the inverse correlation between EURUSD and Dow Jones Index. I think March 10th with Draghi and ECB will probably cause some surprises and sharp movements, so just for fun I predict a hope-fuelled rise in equities (and decline in EurUSD) up until 10th March, and assume Draghi shatters all illusions. Stocks...
EURCAD is displaying a potential topping pattern at the top of the recent range, right against a long term mode, the price zone with the most activity in the chart since 1994. The previous reaction to such a strong historical resistance level was seen in the chart I posted before, where I reccomended buying against support for a potentially very large move to the...
A few arguments in favour of my call. 1. Divergence on major indicators. 2. MACD crossover. 3. Shooting star candle. On a fundamental level, ECB to introduce further QE plus recent oil gains should push EURGBP down.
I have gone long the EUR/GBP due to confluence with fundamental central bank policy from the Bank of England and bouncing from a decent level of prior resistance turned support. This trade offers a good risk reward scenario also.
For today will focus on European Central Bank (ECB) Governor Mario Draghi's speech this afternoon. Draghi's last attempt to talk up the prospect of further easing at the ECB’s March meeting had the unusual effect of sending the euro higher.
the support is located at 1.1230, where the current short-term bullish trend line is, along with the previous highs. If broken, the next target for bears should be at $1.11. The resistances are located at 1.13 and 1.1360 for the next week.
Euro-dollar, the rise will continue in the long term? Personally I do not believe that the euro-dollar will maintain the rise in long-term and already provides a euro-dollar down with the approach of the ECB meeting on March 10 next. If, however, the euro-dollar exchange rate could remain at current levels or even go up, the probability of strong monetary easing...