Important week ahead for EURUSD. In US ( ISM, NFP and Unemployment ) while in EUR ( CPI and bank rate decision) will be driving forces behind EURUSD move. I expect short term bullish correction to be initiated by the bounce from 628 Fib retracement at the support levels 1.118 until 1.14 area will be retested and one might consider to rejoin bearish long term...
Check previous published ideas for FX:EURUSD Just to clarify potential targets for the Crab Pattern (and a Bat in the middle, Orange pattern). Typically the point D ends with the XA extension and not as i demonstrate here an AB extension. But both of the targets are correct . We can adjust those targets synced with previous structure, or taking into account...
Thursday was another day where we could watch the appreciation of the dollar against the euro. The supply side supported by very good data from the US, no major problems overcome support at 1,1277-82 (61.8% Fibonacci retracement increases of 1,1016-1,1712). Then the supply headed for the area aids at levels 1,1180-1,1225 I presented as a goal in yesterday's report...
Detailed setup; Check previous published ideas... and advanced patterns ratios (links below) Safe trades; open.spotify.com
FX:EURUSD That's what the market gives us ... An hell of a game between Bulls and Bears, between red and green, between educated and competent "market movers" and uneducated and incompetent "market movers", losers and winners. We just need to be on the right side of it... Safe trades; open.spotify.com Check ratios:
Summary of last week: The currency pair tested last week important resistances at levels 1.1129 and 1.1215. The increases were due to improving sentiment around Greece. An additional impetus for growth was the effect of the People's Bank of China, which devalued the yuan. A large part of the market took the bank's activities in China, as a reduction in the...
Positive news on Greece, at the beginning of the week led to improved sentiment in the markets, which resulted in gains in the currency pair discussed. On Monday there was to break the resistance level at 1.0996 and Tuesday was continued upward movement. After the withdrawal of an earlier low at around 1.0960 reached in demand around the resistance level at 1.1080...
Another day without a decision on the EUR / USD pair. The currency pair moved on Thursday to consolidate between 1.0875 - 1.0940. Although we received today US data on the number of applications for unemployment benefits, but they are secondary data. Certainly I will not be original if you write that about the slaughter, will decide Friday's data from the Labor...
On Wednesday, despite a whole series of data from Europe and the US data, we did not get a definite answer as to the future direction of the currency pair discussed. It is worth mentioning that the PMI for the euro zone's biggest economy, and for the whole euro zone were better than expected. In contrast, US data proved mixed, the reading of ADP was worse than...
Alright everyone this is a pretty crazy post because I am going to try and predict the end of the bearish EUR/USD. USD/CAD is the one that helped me come to this analyzation and the monthly chart on the EUR/USD. As you can see USD/CAD has been at an uptrend since 2013 and finally broke support around 1.23410 level after 11 weeks of consolidation on the weekly...
Temporary recovery open which would need a break above 1.3636/58 though to be kick-started to free the way for rebound to 1.3707/88.
Target Level 1.3812 Target Period 7 days Stop Level 1.3952 Analysis Flag identified at 07-May-04:00 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.381 within the next 7 days. Resistance Levels (B) 1.3952 Last resistance turning point of Flag. Support Levels (A) 1.3812 Last support turning point of Flag.