Hello!
Happy New Year!
We would like to present, intraday forecast - 6E (eurusd) on january 2016y.
Methods of price analysis: EWA/EWP, Market Profile, Delta&Cluster, Volume, Fibonacci.
Suppose that this week (close to wednesday), the price gradually decreases to strong support 1.07580, next we will see the creation process of cumulative delta and then expected...
This is my latest view on EURUSD after pair is struggling to reach my TP3, (previous EURUSD technical analysis in the link below). Support trendline line will be the green line range. Strong support is a 1.07990-1.0820. My view is, if price move towards the resistance red line at 1.0980 - 1.1300 area, it will make small pullback and continue upside. Meanwhile if...
Bonjour,
My big call for 2015 was that the EUR/USD would continue to move down and reach (or close to) parity. Well, as we look at the chart today it seems my prediction wasn't quite spot on. It was a tall order to start with anyways, but if it wasn't for the extended bond buying decision from Mr. Draghi ... I think we might have gotten there this year. But, at...
I am not a long term trader however it is often good to know the prevailing market bias so that we don't make huge short term projections against the prevailing market bias. When you take a short position in 2016 it would be a good thing to be conservative with your targets as the EURUSD is going up. Once the 1.1059 break happens I see an area of resistance at...
Support around 1.079-1.083 tested for the 2nd time an it held. we can see based on the long shadow/wick formed around the support area. its is good to set pending order around the decision point and trail at 30 points.
This congestion, correction to me, makes me trouble most in 1st wave or it is ZZ or ZZFamily pattern because whatever is going now ATM, the lenght of this move, the required minimum targets, depned on it. As ZZ we supposed to get either ZZ or a motive wave, if ZZF then only motive wave. Target of ZZ is to be at least equal to 1st, target fo a motive wave is to...
hehe.. whipsaw?
This move down SHOULD NOT go below 1,1145 and we already might finish it as hidden 4ed, maybe??.. to me, this is DZZ as bFlat and we suppose to go at least abobe 1,1209..if not to 1,1280... if we stop and turn down above 1,1209, we should drop below 1,1133 where we suppose to turn toward 1,1280.. hehe.. Nostredamus!!
Good trading!
