The EUR/JPY currency pair is likely to continue its upside swing.
Wait for a breakout and confirmation.
support level at 120.80
Target at 123.53 region.
Buy after breakout and a confirmation.
Good luck everyone!
based on interest rates and the importance of the euro and USD for global trade. we're seeing an irrational shift thats artificially effecting equity volatility. ZIRP or zero interest rate policy in euro zone. is driving demand for USD and us treasuries vs eurozone risk off assets. this flow is exploiting an already dramatic difference in interest rates globally....
Even though I dislike taking risks in trading currencies that are in economical war, but I noticed a pattern. I see that the pound has completed the head and shoulder pattern that was formed between Feb and May 2019, plus a reversal bar on the daily close, has given me the courage to take a long positions @...
EURAUD has a hard time keeping up above the 1.6200 region and is showing a slowdown in liquididty and momentum to the upside , suggesting a downside target of 1.6060 to easily be met .
Ofcourse the 1.6000 institutional region is not far away from there and could be met very shortly after we have reached the 1.6060 region.
A risk reward ratio of 1:9 is set up...
The Belgian stock market is on an aggressive sell of since late April (1D RSI = 31.496, MACD = -58.680, Highs/Lows = -51.2357) after it failed to break the 3,870 - 3,910 1W Resistance Zone. The symmetry on a peculiar 1M Head and Shoulders pattern is uncanny so we will be using the 3,200 - 3,330 supply zone (red rectangle) as a continuous buy entry until the 1W...
The Polish index is approaching the 2,080 October 2018 Low and 1W Support Zone (2,013 - 2,085). With 1M on the lower levels of neutrality (RSI = 45.568, ADX = 19.801, MACD = 34.710) we are on excellent technical long term levels for a bullish reversal towards the 2,600 Resistance. If the E.U. fundamentals help in 2 years time it may even break this Resistance,...
4H CHART EXPLANATION:
Main Items we Observe on the Chart:
-On April 2019 price broke the ascending trend line
-After that, price started a corrective structure
-As we saw on the weekly analysis the price couldn't surpass the resistance zone and made a breakout of the corrective structure, starting a bearish movement
Based on this, as the price breaks out...
Vedem ca bulls au fost scosi cand linia de trend a fost sparta,iar acum se afla o lupte intre bulls-bears,un break + retest pe daily care sa se inchida deasupra unui nivel schimband structura,iar apoi H4 aratand semne de rejectie din nivel pentru un SL bun.
1) Two days we close above main volume
2) We have two impulses for first target correction
3) We have resistance zone 1.11923
4) We have Low volume trade zone for confirm first target correction
Buy = 1.11500
Take Profit = 1.11950
Stop Loss = 1.11050
Market technicals continue to weaken for for EURUSD, as the currency pair failed to break through its 10-day EMA of 1.12468. Furthermore, both the SMI, RSI and MACD continue to fall, indicating both money and momentum are on the decline.
If this trend continues, the next stop is EURUSD 1.105311
Right, a bit of a congested chart...
In white, we have $XLF, purple, the US unemployment rate, orange is the European bank index and in yellow, we have the effective Fed Funds rate (US interest rate).
Recent rhetoric from the Fed has been pretty dovish, and we have had a pause in hiking rates, with there likely to be absolutely no hike this year.
If an economy...
1.There is a price channel (grey) which in my opinion it is about to be broken
2. The support trend line (green) within the price channel is been already broken and became resistance
3. Negative RSI divergence indicates change in trend direction
4. Target at 1.28, Pivot at 1.307
1. U.K faces the worst political crisis since 1940
But just because the UK is fickle on leaving the EU for the WTO, its still not sure if ready to make the jump. EURUSD in the upcoming week will almost entirely be moved by Brexit, however concerns over a slowdown in European growth may be justified with more weak EU data, particularly in central bank speak on Tuesday, German CPI on Thursday, and unemployment...
The headline kind of describes this trade. Not much else to say technically beyond this. Fundamentally, I'll keep it short. EU growth is quickly declining. I think Brexit will speed this up which is fast approaching. If you want some more words and charts on Brexit, you can check out my analysis here:...
We saw a strong bounce off of the 61.8% fibonacci zone, but we're coming up on a strong resistance that was previously a strong support.
I like to play these Support/resistance flips the first time they test it as the supply usually keeps the price from moving through the level and they are nice shorts with a strong RR for less risk.
I have a relatively tight...
As mentioned in my previous post the pair broke below the rising wedge and failed to recover.
The ECB meeting today also disappointed with its dovish message and downgraded growth forecasts.
Also, the committee is launching TLTRO program soon which also increased the pressure on the pair.
My initial target for the rising wedge breakout is 1.1180 which is also...
Fundamentally i see a weak CAD and relativley stable EUR for now.
Expecting a move above 1.5120 for big stops to get hunted.
Playing this idea with a very tight stop and a good reward possibility.
Please trade with care and do not overrisk.