Fundamentals are fairly important in financial markets. Its why I spend so much time on them. This is how I came to the ultimate conclusion that the trend of EURUSD is down mainly because Brexit, updates of which you can find here: anthonylaurence.wordpress.com...
The fundamentals of the Eurozone remain weak. The politics are toxic. Technically, RSI has a long way to go before oversold. Moving averages all trend down. I imagine we could reach 1.115 before a reversal to the upside. For more analysis, check out www.anthonylaurence.wordpress.com
I've talked extensively on how a no deal Brexit is more likely here: This is primarily my reasoning behind why I'm neutral to short on EURUSD in the medium- to long-term (1 to 3 months). There's plenty of other good reasons to be short EURUSD including...
The euro was one of the worst performers last Friday and continues to head into negative territory. At the weekly view, we can see that the pair is in a long bear trend while moving averages suggest this to be the case as well. Brexit only worsens this as key votes will occur today and tomorrow on whether or not the UK will be able to strike a deal with the common...
It is time again, after all the updates of the old analysis to create a new again to keep the overview. The-euro-sticks to the trading plan but the speed might surprise some people.
The vertical time sends greetings - welcome vertical markets, which will all accompany us in the next few...
The daily chart for the EUR/USD pretty much sums up today’s action. A big red candle is forming and downside support is coming into play.
To capitalize upon the sell-off, a long position from just above the daily 62% current wave retracement is a viable entry. Here is the trade:
1)Entry: Buy 1.1611
2)Stop Loss: 1.1572
3)Profit Target: 1.1636
4)Risk vs Reward:...
(Trade this on 1Broker in my signature link for no-fees BTC-settled markets with social trading)
Sudden dump targeting stops under last week's low.
Conveniently did not sweep out June 1 liquidity.
I like the prospects of a day trade.
Long: 1.6519 (can get in cheaper now)
Let retail sell the bear flag short. I believe...
These are price zones that Fibonacci analysis show to be important points.
Chart is expanded vertically to reduce overlap in price labels.
There are zones above and below currently display, drag chart around.
See the Related Ideas below for ideas on how I use such zones.
Range strategies are used when the market lacks direction
Find support and resistance to define your range
With any strategy manage your risk in the event of a breakout
Support @ 1.218
Resistance @ 1.25ish
The EURUSD has being in a bullish trend since December 25 2016 (based on the Weekly tf) and the trend should resume albeit the temporary sell off as shown on the 4hr tf.
For the 4hr tf, I have shown the evolution of the trendline for price action with Trendline 1 being the major trendline, while Trendline 2 is a more recent and steeper trendline. Trendline 1 is...
FX:EURUSD Euro Finally Broke out of the Consolidation Regions of 1.1700-1.1800 and Is set to Make Higher Highs on its Bull Run in 2018.
On an 1h Timeframe we are seeing some Channel Resistance keeping Price Tame. More Recently, we have had a 1H Bearish Closure below the 6 EMA Showing some Bearish Actions. I will be Looking for longs around 1.1925 or at the Channel Support