EURUSD Price structure analysis (Daily)
EURUSD Price structure analysis (Weekly)
You may have noticed USD not showing much direction, it's because of this little guy here, the US dollar index. Until this breaks out of the nice little wedge that's been holding it prisoner for months and months, we're likely to see USD pairs struggle. So we need to watch other currencies that have big strength or weakness. This doesn't mean USD pairs won't...
I'll be looking to enter near the drawn green trend-line at a butterfly point D completion via a price action or trend line break on a lower time frame. Adjust target 1 to .382 retracement of AD and I have target 2 as point C just below the psychological 1.1300 level.
As a trend trader I like to trade trends. EURUSD is devoid of any trend and has been trading within a range for a while as can be seen on the weekly chart. Will wait for a good set up based on low risk or a breakout on the daily.
Sell on a second re-test opens a good short opportunity.
Strong uptrend so im following it. slight downtrend and choppyness has started because of heavy selling. price should come back up to normal. I could be wrong and price could touch the blue rectangle of support at 1.72619 level, if price does touch that rectangle a reverse is definitely going to happen. EITHER WAY I AM BULLISH
Pair is in a bullish sidewards range bound channel. A daily pin bar rejecting the 8 and 21 EMA's has formed. This can be seen on the 4h chart as a bullish engulfing signal. Look to go long on a break of the doji (pin bar) or better still, wait to see if price retraces further towards to 8EMA before entering long as this will give a better R/R.
This pair has been in a ranging environment for pretty much 3 years now. Since this range held repeatedly it is likely that we will see another rejection from the resistance zone between 0.995 and 1.010. If price manages to close above 1.01 on a weekly basis I would change my bias from neutral to bullish, long term. In that case 1.050 would be the logical level to target.
Trading for this week: 1. My plan for next week focuses on point "3." from the previous post - I am waiting for risk-on or risk-off assets to confirm investor conviction by using USDJPY as a barometer for net risk sentiment. Despite the market uncertainty and high volatility UJ last week traded within a 200pip range for the between 101.3-103.3. Therefore, I...
Expectations vs Reality: 1. Following the referendum decision on Friday, as expected GBP sold off 10%+, the FTSE plummeted in a similar fashion and global risk assets sold off across the board, but FTSE/ Risk recovered a significant amount of those losses into Fridays close and for the rest of the next week.. So what happened to BREXIT? - Such behaviour would...
We have news today which market has never expected : R3 won't be RBI governor for 2nd term. That's Bad News, Atleast for Indian Economy & our banks which are high on NPA's. If I start on explaining this scenario & complex situation of our economy combined with Global scenes , it will go on, so let me cut here & jump back to what we do always - Analysis. After...
After being range bound for a while now AUD/JPY finally looks like it is preparing to make a break. I am favouring a downside break for this pair to 75.848 and possibly beyond. i will be waiting for a breakout, retest and continuation to enter into this one which looks like it could offer a nice risk reward as well. If this market was to turn on its head and break...
Buy FX:AUDJPY @ bottom of the range Back side of the trend line; with StochRSI oversold and going up Double Check Bullish CS Formation before place the trade Counter Trendline Break
Sell FX:AUDCHF Top of the Range! StochRSI Over bought both 2H and Daily Chart
Here on the EURGBP we are in a range bound market, down at the bottom structure support at the channel we got a Cypher formation forming, we have had a pretty free falling market, with some momentum bars today, which have made RSI go down near the oversold area, so let´s see if we catch price for another run at the range. Kind Regards Thomas Jeff
Good ~200-300 pip long setup The pair is looking to stay range-bound within this wedge Would look for consolidation at 1.63 level before taking long position Also looking for a potential long-term buy opportunity with a break of the wedge resistance... I like the short NZD fundamentally Here's a daily chart showing the wedge
Weekly candle chart $DXY trading in a ~7% range since early 2015 Will the range hold? Will it break? RSI looking bearish, but has also found support in the past, maybe looking to give the 61.8% retracement a proper test. I could see the Fed just playing ping pong using their announcements for the rest of the year, curious to see how it goes. Also wondering if...