Same story as DXY, inverted, obviously, we reached the 61.8% fib from A to B, expected a retracement with the target around the 31.8% fib from B to C (synced with the previous structure), around 1.1117, eventually forehead the pivot area at 1.1154 near the 50% fib. Have safe trades.
The euro has risen significantly against the US dollar these past couple of weeks, and prices are reaching a key resistance level around $1.153 (February's highs). A long-term trend line comes in at around the same level, which makes me believe that shorting EURUSD will be again possible starting next week. If indeed this is the case, we would need to see the US...
I've started trading again EUR/USD spot for a little while now, since SPY has gotten choppy lately, and have gotten a couple calls alright. I'm gonna risk to post one of these in here. I'm mildly bullish on EUR given broad weakness on the dollar and supportive technicals (esp. a clear uptrend in RSI). 1.1500 seems to be the next line of resistance - I still...
Just over a month ago I posted about EUR/USD approaching long term confluence with the ascending and descending trend lines crossing over. This month we have seen a strong re-bound at this area due to poor data out of the US and technical reasons behind the chart. I still believe we are heading towards 1.2000 where we should see some strong rejection. From this...
Analizando desde una perspectiva de 4 horas, tenemos en cuenta que el precio formó un evidente doble techo en lo que fueron dos tendencias alcistas muy duraderas. En el camino dejó un buen rastro de pinbars y como verán, alguna que otra duda acerca de éstos. Debo admitir que si bien los doble techos dan un acierto bastante fiable, no utilicé ningún indicador para...
The 50-day Disparity Index shows a hidden divergence on the EURUSD that has formed over the past 2 months. It's easy to say that the euro's bearish trend is strengthening ever since the high made at $1.103 on Monday, but it's important to highlight the fact that the presence of such a bearish divergence will likely lead to a break of March's lows ($1.046) with...
More short entries on EUR/USD from supply area .500 fib. Greece are due to run out of money mid month with no prospects of a bail out yet. No good news coming out of Europe and this is the longest bear run we have seen on the Euro since 2008! Fundamentally and technically we should be remaining short on any Euro pairs.
Although we have another hour till NY close price has formed a small shooting star/pin bar on the daily charts. This coincides with the previous swing high on 18/03 and just below the .618 fib. We may see some support on the 20EMA and the previous S/R at 1.08500, however, I will be looking to enter short with a target of 1.01000
EUR/USD has made a correction move all week. Next week we may see a continuation to the downside. Until then it seems as if a bearish Gartley pattern may be forming for the next plunge to the downside. There is hidden divergence on MACD also forming and Point C is Sup/Res on the hourly chart at 1.0720 to make a 1.27 Ext into1.0920. As long as that upward...
The EURUSD is at an interesting point. If we zoom out to the monthly and look at the overall trend we can price has been in this downward channel since 2008. However, more interestingly we can see the black ascending trend line which has been testted twice. Once in 2000 and once in 2001. Both times price has failed to break it. Both these lines cross at around ...
***UPDATE***: Sorry there has been a mistake in the chart, the "SUPPLY ZONE" is suppose to be "DEMAND ZONE" instead. Please refer to the description in the analysis for information on this setup. Feel free to comment below for any questions or suggestions regarding my analysis. Thanks MaiTrader
Please refer to the description in the analysis for information on this setup. Feel free to comment below for any questions or suggestions regarding my analysis. Thanks MaiTrader
EUR/USD is still in this descending triangle formation. Price has tested the 20 EMA on numerous occassions and failed to close above it during every attempt. I anticipate a break to the downside through support to test previous lows from the end of Jan 15 at 1.1100.
The Euro put in a weekly market structure low with a LONG trigger above 1.1521. There is also a Bullish Three Drives pattern possibly setting up as well, although the fibs are not exactly the classic template, the set-up is still there as long as EUR/USD can bounce through the MSL trigger. If new low is formed then the pattern is voided.
Eur/Usd Pair is absolutely downtrend mode now. I believe that, This week eur/usd pair going 1.10 level. But, I found short term bullish divergence in H4 chart. I hope, this pair retrece from 1.3024 point to going at least 1.1393 or 1.1422 point and we can sell this pair from those point. Trade Idea: Buy Entry Point =1.3024 Stop Loss Point= 1.1258 Take Profit...
Short Term view - Bearish might retest the broken trend where a suggested area to short Complete the Butterfly pattern match almost exactly the target for TD (Thomas Demark) trend. Which is the exact low from where it might show another support area. The Butterfly pattern is a bullish one, target after completion is 1.15, will be updated later
After 6 Months of a complete bearish bias on EUR/USD all the way down to 1.1600, we present to you our first short term buying opportunity! 1.1500 Strong support level is holding strong and we are long up to 1.1750! Will be watching DAILY price action around the 1.1750- 1.1800 mark in order for us to determine wether or not the pair is ready to go sort again for...
There has been lot of negative news stream lately and seeming fundamentals suggesting EURO will probably disappear. I accept that the development in the Eurozone has not been very encouraging. However, it is my view, that this is grossly overdone perhaps by traders who seem to looks at existing trend to continuing in to infinity and have developed mentality of...