Hello Traders This is my Graphic for Monday in Morning UTC... In morning we have some Economic Feeds for down the Eur with SELL. Please reply me .... Best Regards... Have a good Monday Trade...
Technically EURGBP is overvalued, trading outside 800 period BB on the daily chart. Long term bearish divergence is seen towards 0.90 and 0.92. Targets = 0.86 (missed monthly pivot) and 0.81 (missed monthly pivot) with profit being taken every 100 pips along the way to these targets. Fundamentally the Euro should remain under pressure since Draghi has not...
Why? Broken bullish trendline, should as act resistance. 61.8 fibo retrace Structure, previous support, should act as resistance Bearish trendline, should act as resistance What more would I want? I'd prefer RSI to show even more overbought, but still, enough to hold my case. Taking profit above previous structure support. NFP tomorrow, but since this trade...
Entering at 115.580 on following basis; Advanced pattern - Bat - D completion. In conjunction with the completion of the Bat we have bearish falling trendlines (long term + short term). We have structure and on top of this we have RSI showing overbought. Target is 38.2 fibo of A-D leg. Stop loss at a level where Im considering myself to be wrong. - Above...
EURUSD 1 H Short Support: 1.12000- 1.1160 This is not investment advice
We have lots of fun stuff going on here. Price is heading into previous structure and resistance zone which have proven itself several times in the past. We have a bearish gartley just about to reach its D completion - which in turns comes very close to the previous, broken, bullish trendline which also should act as resistance. Looking at the hourly...
after broke @0.77245 it in short sell trend
CAD strength supported by ralling oil price.
On the daily time frame we can clearly see a down trend has formed. Price action has clearly hit a big level of resistance at the 132 area and has made clear its bearish sentiment. I think we can easily see a drop to the 126 level. Be patient and always practice proper risk management.
EURJPY 4H triangle short. There is nothing much to describe as the set up speaks for itself. Except that there could be spikes either way as Yen news is expected soon. Although I expect an impulse move to the downside all eur pairs seems to be in Daily/weekly correction.
Learn 2 trade like a pro FOR FREE boafx.com - We expecting positive data and hawkish tones from the BoE today with a possibility of the MPC vote coming in at 2-0-7 as the BoE already said they would not let the chinese market effect their decisin on monetary policy. Pressure is on the ECB to extend and increase the QE program which should weaken the Euro currency further
KEEPING THINGS SIMPLE ON THE EURUSD - NOT OUT OF THE WOODS YET (1 day, log scale) As said previously, I couldn't even believe EUR would show itself to be THIS strong. Well, it turned out to be short-lived. At least for now. Let's see where we stand. It's not all that negative :o) - ever since the EURUSD is looking for support - but hasn't found it yet - the RSI...
Let's look at the really big picture here on the EUR/USD- the MONTHLY chart (log scale). Note: this is of course NOT suitable for trading. Beware. Usage: - protecting your savings (by going into USD) - determining the overall trend (which pressure prevails, when going down to lower time frames?) - as well as determining important support & resistance...
Let's look at the really big picture here on the EUR/USD- the MONTHLY chart (log scale). Note: this is of course NOT suitable for trading. Beware. Usage: - protecting your savings (by going into USD) - determining the overall trend (which pressure prevails, when going down to lower time frames?) - as well as determining important support & resistance levels...
KEEPING THINGS SIMPLE ON THE EURUSD / UPDATE (1 day, log scale) ( little has changed, things working out as expected ) -the April/May negative divergence worked out -price was meeting resistance in June turned down as expected -at the time, RSI was just slightly at overbought levels (I would prefer a larger RSI overbought reading for a start of an uptrend) -we...