Interesting observations about EURNZD, if you are long from the bottom, good for you! But where do you take profits? Where do you scale in or how do you trail stops? Good questions that depend on your own methodology. Here, I'm seeing multiple hints for a possible top in this relentless rally. Everyone's pessimistic about the New Zealand Dollar, which makes me...
EURUSD is one tricky chart, compared to the other euro pairs I'm trading. I suspect we will see volatility, which will get as many people stopped as possible, while still having the stronger moves to the upside. The weekly is building modes higher and higher, and just confirmed a 9 week uptrend signal, which might run into low volume resistance in the 1.16786...
I entered a long here. Price is sitting at a weekly mode since the lowest low. There's a daily downtrend signal that expired yesterday, and it seems like GBPUSD is ready for a move up. It's interesting how the monthly mode has supported price here, while the daily was in a downtrend, with strong up bars in between, and the weekly showing us no new low in 5 weeks...
This is not the first time the euro-dollar has been able to stage monster rallies, as faith in the US dollar continues to crumble. The dollar index has had a few of the worst days since 2009. Previously via Twitter, I supported the initial rally from 1.0880; but as it approached the current supply zone, I believed it would be a tough nut to crack for further...
Analysis on chart, this is an update to my previous 4h chart. I'm long and will be adding on retracements until we hit the target. My stop is under 133. Good luck, Ivan.
Risk Disclaimer -Technically it look right but fundamentally the ECB is backing the Bund. Will you fight it? Short at 156.02 (or start building from 1.55.90) Stop at 156.56 (risk is 54 pips) Target 1 at 154.07 (Gap with reward at 195 pips) Target 2 at 153.92 (Gap with reward at 210 pips)
If policies continue to diverge, there will be strong fundamentals in place to justify a stronger dollar relative to the euro. From a technical standpoint, the long term support line appears to be broken. The 20v 50 day cross-over suggest momentum will be downward sloping. Bearish MACD cross-over is not a good sign. RSI may be over-sold but the down-trend...
EURCHF is looking bullish, one day ahead of the downtrend target expiration date and exceeding the downtrend target ahead of time. Similarly to GBPCHF, the correction here looks complete. Hourly looks interesting as well: Waiting for the next hourly close to enter long.
Downtrend failure inminent, I suspect the OPEC meeting outcome will seal the dollar and crude oil's fate here. Analysis on chart, we have what looks like the beginning of a fifth wave here, after the current daily downtrend signal was reached ahead of time. Price is about to cross above the mode after two strong daily bars, where buyers were in control. I'm...
EURAUD received a big boost as the Aussie dollar practically cratered. The mild pullback in the dollar, along with optimism over the Greece turmoil, has boost the euro from it's intraday lows. Momentum on the intraday chart is looking to putter out. A 70 pip move is rather small for this pair, but see it as a reasonable pullback - but price action could continue...
Similarly to EURNZD and EURAUD, EURJPY exhibits some bullish characteristics. I won't waste time with a huge writeup, the analysis is on the chart. Feel free to comment, and if you agree, hit like ;) Good luck, Ivan.
I'm short until we reach my target, but the bigger picture is confusing for the dollar, crude oil and the euro. Crude oil is currently moving sideways, with a slight bearish bias, but not as radical as eurusd or inverse dxy. I drew the daily and weekly time at mode signals on chart, with the MTPC indicator showing weekly candles, while the line chart makes it...
We have interesting news releases coming out tonight, and thoughout tomorrow's session. The technical chart shows an uptrend that is showing signs of exhaustion after correcting the strong decline from the December high from March 16 onwards. The advance was halted when price reached an area of weekly low volume resistance, where the market was extremely one...
You can see the projected targets in the chart. The daily signal got fired today when range expanded strongly out of the mode. I'll place a small market order now, and try to capture a retracement as a scale in. If the weekly signal triggers, we might be in the presence of a very large uptrend. You can follow Nick Coulby's work for more detailed wave counts. He's...
Gold came as forseen to the level which is 50% of Fibo Retracement. Now the Situation concerning Greece as well as the equilibrum between EUR and USD is important.
As you can see in the chart, we have had a strong bullish move from the lows after breaking a highest low trendline. Right now, there's risk of a broad depreciation of the euro vs stronger currencies, in particular vs the higher yielding Kiwi and the dollar, naturally. After crude oil started correcting, most euro, chf and gbp pairs started strong bullish legs,...
Since the Tension about Greece has raised again, Gold gained some value and USD loosing ground against EUR gave an impectus to Gold. We have a classical school case on the double bottom. If the pattern is confirmed, the neck line is at 1212, which in a sense may push up XAUUSD towards 1234 and even higher. On a chartist approached and taking Ichimoku into...
At the present situation, there are a lot of macro economic unknown situation such as the Greek Debt, and therefore it is very difficult to foresee how the market will react. We are in a correction process, but this correction process can go either way. Until 4762, we may consider the situation as a correction. bellow, it may be very much a reversal. At the...