My last ideas predicted the fall as it happened on Friday. We saw a nice rejection so that the price was able to close above the trendline. I see that EU will get rejected at around 1.1067 to retest the trendline again. When the retest happens and we see a bullish switch in EU we go long for our target of 1.113. A confirmation of such a switch from short to long...
According to the charts we have a trendline now from the weekly and daily, which let us buy EURNZD directly. Be prepared, it could also go deeper for a fake move so don't put your SL directly under the trendline. I will open a buy today.
The strong pound shows us on EURGBP that we will fall even lower. When the price will meet 0.835 area I will look to buy this pair to at least 0.85 and from there we could go even lower down to 0.8 area. Look for a confirmation if you want to buy it from 0.835 - wait for it, don't rush into a buy.
The recent push ups came from rumours about the GB vote which takes place at 12th December. According to this, we see a super bullish Pound which can easily hit the first target at 1.33167 The next targets would be around 1.35 and the last one at 1.36841 Anyway, GBP is a high risk currency at the moment, because with every news about the BREXIT the Pound moves...
I am still long on EU but before we can rise we need a fall. My target would be the area from the daily trendlines to open a buy. Remember on Friday (tomorrow) is NFP and the latest data from the US wasn't that good. Hope to see it falling today to buy it tomorrow. I will update this idea according the price movement.
According to the bad US data the Dollar Index faced down movements the last days, BUT, the job news from the last days have been good! There is a high chance that we will see a good NFP for the Dollar, so this would drag EU down. I am now bullish for NFP.
Trade wars between China and US moved Indizes lower today and boosted Gold. Now we are back in the 1480 area and in my opinion we will stay here for the next days. Then we will go to 1490 area to meet the falling trendline. From there we could either go up more or fall down again. Be patient.
According upcoming JPY strength we could see a drop in CHFJPY to the first line. Further weakness could work when I look at the candles. If you trade this idea be sure to use a SL around the red box, we have bullish movements on the weekly so it could still go up without a drop.
Recently broke out of the channel and pushed up hard with GBP fundamentals and ongoing JPY weakness. Price met resistance, there isn't much room to go further. The weekly trendline is around 143 and the H4 trendlines showing that we received our ceiling. I am selling now to around 141.8 but suggest you wait for a inverted hammer candle stick pattern on H4.
We saw bullish movement on GU when it broke the falling trendline, thanks to fundamental news about the BREXIT madness. However, for several days now we are stuck in a range which develops to some sort of a cup (or Head and Shoulder or...) meaning, we could go higher from this point. BUT WAIT: What if the market decides to fake us out? Instead of moving constantly...
Today i want to see a sell back to the 1.06 area before we can take off over 1.1 to meet our next resistance line.
With BTCUSD we have to look at higher timeframes, because it's a very volatile pair. Despite that, the moves on the charts are the same everywhere (Currencies, Indizes, Commodities, ...) We currently have a Flag here on the W1 Chart. Be prepared in Q1 2020 we could easily see a rally, I am excited. Always remember, keep it simple when analysing a chart and stay...
The down move was fast so I now look if I see some strength to pull the price up to the next line.
The Dollar sell off continues, the Indizes moved lower on Monday and Banks are buying the EUR (according to the last COT Report). Intraday we could go down to 1.1057 area before moving up again, boosted with the upcoming news. Therefore look for a buy around 1.1057 and target TP1 1.108 and a TP2 1.117
The JXY (JPY Currency Index) started to show it's strength yesterday, meaning we could see further strength for the rest of the week. Paired with weak NZD I will sell this pair now. Another confluence for me is the double top on the H1 and the fact, that it didn't move up higher like the NZDUSD did.
We currently sit on a daily resistance level, price made a double test of the bottom and I am looking for NZD weakness for the rest of the week. Therefore looking for buys, targeting 2.0 area as TP.
The last candles on the H4 chart failed to develop a RRT (Rail Road Track) so i look forward to the upcoming move in the chart. The history repeats itself, so therefore we should see another push up before we fall down. Look at the pink circles: We had a push up, then down and then another push up to test again. Before going short, wait for the push up and how...
We currently faced down movements on EU, according to fundamental data, gap on the Dollar and years end we should see EUR strength now incoming.