Note: Technical analysis is not a divine book
Next week we analyiz DXY > EXY > DOW > EUUSD and The result we got
BUY Limited 1.11555 ... T/p : 1.13000 ... S/L : It depends on Monday's economic data
Sell limited 1.13013 ... Stop loss : It depends on Week economic data ... maybe in 88 days 400 pip have profit
Say your Opinion :)
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.109.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of S2=1.108.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
I am expanding markets for myself.
I look from cryptocurrency to others.
We are above the moving average
The mirror level is stormed for the second time
The price is fixed above the level.
The next level of testing is the EMA100
For my personal perspective. Long Position for this pair, as it was not dropping on it demand zone already. Be careful on the Bull Trap on the 1st Supply Zone, TA would get on it.
Trade on your own risk.
As expected, the pair broke the previous support at 1.09 today and resumed the bear trend printing a new YTD level around 1.0880.
German retail sales and inflation data disappointed, which fueled the move.
In my opinion, those economic figures did nothing more than speeding up the move which was going to happen anyway according to...
This is a 4 hour EURUSD set up that MAY occur next week. I must say that you should also go down to the 2 hour as it looks a bit better:
So it is sort of a speculation lol but something we should definitely watch, and I think has a high possibility of playing out.
On the 4 and 2 hour chart, we have had multiple waves...
The chart for the Euro / U.S. Dollar (EURUSD) is showing some bullish signals pointing to a bounce.
I am seeing a loss of momentum on the downside and a support that was tested twice (grey lines) and held strong.
We can see strong bullish divergence building up with the MACD and RSI (purple arrows). After the bullish divergence came the higher low. The last time...
. There is a possibility of temporary retracement to suggested support line (1.1000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. EURUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
Perfect Breakout of the futures on EuroDollar, derivative contract on the interest rate paid on such deposits.
Also in this case there is an excellent potential on the Risk Reward and also the Winrate on the bonds that we follow often have a high percentage of realization.
A "Eurodollar future" is a cash-settled futures contract whose price moves in...
Today's jobs reports in the US was not bad at all, adding 136K in September, flat wages and unemployment rate at a record low.
This week's up move by the pair was in anticipation of a bad jobs report following dismal readings from manufacturing and services PMIs. However, it was not as bad as expected so this was a good sign for the bears.
Technical Analysis and Outlook
EUR/USD did confirm Inner Currency Dip $1.0890 with Trade Selector Signal price-action-time-trademark symbol 'BARC.' The retracement phase in progress to Mean Res $1.1020, and/or Outer Currency Rally $1.1033, and/or Key Res $1.1072, respectively. The exit points are: Mean Sup $1.0950 and Key Sup $1.9000. To continue the rest story,...
EURUSD could move a tad higher to complete minor wave 4 near 1.10 before continuing lower.
With minuette wave (a) and (b) looking completed we can now expect wave (c) to form and complete the correction.
Look for a valid rejection near 1.10!
Should prices move above the validation level bulls would gain more control and the projected pattern could break...
The DXY is showing signs of a reversal with a head and shoulders pattern here. We are going from higher lows to lower highs.
If you follow my work, I believe the dollar will be going HIGHER and this is what will cause all the problems in the world to get worse. Pullbacks are expected and normal.
98.50 zone is the one to watch for first targets.
Market is now...