With the clear statement of ECB President Dragji stipulating that ECB was carring about negative inflation and
was seeking to reach its objective of 2% of inflation, June 4th may the date were ECB could announce a 0% rate policy or even a -0.25% which would mean decreasing by 0.50 base point the interest rate.
Market have understood and bought the idea....
The pair has ground lower over the past few sessions but at present doesn't look likely to break further. With RSI already oversold the expected push lower may have to wait until we get a fundamental driver to cause a break lower. A break and close of 1.3590 should open the path back down to 1.3480 initially.
I know that we all shout that the Euro is doomed to fall because of the new monetary policy that the ECB might adopt on 5th of June. But I will keep my eyes open for a break above the upper line of a Falling Wedge, and above the 200 ema on a 60 min chart. There is enough time for a corrective move before falling again.
EURUSD has a very good support at 1.3600/10,...
AUD/USD 4HR SupplyZone Trading - Short
This is trade I am watching for the AU. I know the chart is a 4HR but the Supply Zone was picked from the 1HR Chart.
Looking to short at the TriggerLine @ .9330 with a 1:1 RR for 50pips
This SupplyZone is between the 50% & 61.8% Fib levels and I did some research on the web and found out there are possible institutional...
Some possible support between 1.3400 & 1.3750 ? back towards 1.3800 and then sell it short again. Perhaps maybe. How do I get my "Reputation Score" up? Please give me a thumbs up when this chart works, and if you can tell that my past charts have worked. They're working for me. Thanks.
Price is at the 200 EMA and the 50 SMA, a level that also happens to be a support level established previously -- most recently in early April. At this confluence level, we are seeing rangebound price action developing. I'm viewing this as a sign that accumulation could now be occurring once again on AUDUSD. As such, I've put an order to go long at 9215, with my...
The round has been won by those who thought that ECB will intervene, and mechanically EUR loose ground against USD.
ECB either intervene next June 4th by lowering interest rate or announcing a QE and EUR will continue to loose ground against USD and the phenomena would face an impetus when FED raised its interest rate, or if it keep its schedule with regard...
Sentiment in NZD/USD is mixed with sellers keeping preassure from one side and buyers interest from another. Recently it dropped its 50 EMA first time since February and series of lower highs gives me feeling that it could resolve to downside. But I will be watching for biunce off of support at 0.85000-230. If sellers want to keep control they should not give up...
Where will the balance of power weight??? EUR or USD?
Well, on this weekly chart, on can clearly see that we are at an oversold level, therefore, there might be a little technical correction to come.
however, ECB has created a clear expectation in the market and everyone is expecting a clear announcement from the ECB President next 4th June.
This could be a 0...
$EURUSD has been bearish for 5th of May 2014. this bearish is expected to find the strong support area @ 1.3575 area. The possible pattern is Bullish Gartley and Bullish Shark Pattern. if this support area can hold, my 1st bullish target will be around 1.3795 and next will be 1.3950 level.
Scenario #2 if AUDUSD breakout below 0.9200 support
AUDUSD short on pullback to 0.9200 pivot zone
If it breaks below 0.9200 decisively, 0.9200 should act as resistance zone. Look for pullback to 0.9200 to enter short position
Short AUDUSD 0.9200
SL 50pips
TP 0.9080
Scenario #1 if AUDUSD bounce up from 0.9200 support
AUDUSD short on rally
Strong support zone at 0.9200. If 0.9200 support level holds, and AUDUSD rallies upward to 0.9330-40, look to enter short positions here. 0.9330-40 is a resistance zone & 61.8% FIB retracement.
Short 0.9330-40
SL 40-50pips
TP 0.9200
With ECB most likely doing a rate cut & negative deposit rate in June, it is sell rallies mode until the next ECB meeting in June.
Sell EURUSD at red resistance zone 1.3650-70. Target profits at green support zone 1.3500 & 1.3300.
Short EURUSD 1.3650-70
SL above 1.3700
TP1 1.3500
TP2 1.3300
A short squeeze will be on the cards the closer we get to the ECB announcement and/or immediately after the announcement. I firmly believe you do not do extreme measures with stocks at all time highs. They will do enough not to be laughed at by the markets and this may include the negative interest rates but they will leave a lot of powder dry and i suspect a ...
