EllisonCapital

EllisonCapital Updated 

The dollar is very important to understand through 2024 because it is your primary market driver on dollar pairs with its position as the world reserve currency. During times of economic global turmoil, even though the US economy may be facing weakness, if global economies are facing weakness then the dollar will still hold appeal from a market perspective as a...

EllisonCapital Updated 

Keep in mind we are still early into the business month and business quarter and we have had some US holidays at the beginning of the week so we haven't had much volume and volatility this week so far. But the second half of this week does seem more eventful and we should see some increase in volume and volatility up until the end of the week in my opinion. From...

EllisonCapital

Yesterday was the fourth of July and a US bank holiday, which explains the abysmal volume during the New York session. Hopefully, we get some more convincing price movement in the second half of the week. My sentiment is the same as yesterday, staying out of this range we are in on the 1 hour timeframe and waiting for a break above before taking buy entries. I...

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I took a long weekend off to relax with my highlight being a horse ride on the beach, but now I'm back and ready to trade. And quite glad about the break too because the price action at the end of last week and yesterday looked terrible. First things first, as we are starting out the new business month and quarter it's good to identify the new important price...

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Buys yesterday turned out great and with EUR/USD maintaining the bullish structure we shall continue to look for buy opportunities. I'll be looking for buys with continuations above the 1.096 price level or at pullbacks to the 1.093 price point of interest. I couldn't see sells unless we get a break below 1.089. Noticeable news this week: The ECB Banking...

EllisonCapital Updated 

Continuing on from yesterday's analysis, I would be looking for more buys above 1.093 and 1.096. We have been creating a steady bullish structural wave on the 1h timeframe and I expect for it to be maintained. Price has been messy and quite slow, but I'm putting that down to the news we have coming up this week. I'd like to get my trades done and out of the way...

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This week I have travelled to the west coast of France, with just my laptop and a rucksack. I'll be working here like usual, I love the freedom this job offers me. This week I am looking to continue the current medium-term bullish trend on EUR/USD, with buys from a pullback to 1.087 or a continuation above 1.093. I aim to ride continued buys after our very short...

EllisonCapital Updated 

I would personally be looking for buys at my 1.09 and 1.093 key price zones. 1.09 looks better to me as a double bottom would be the preferred situation and it is a large psychological level too. Since the beginning of June, Dollar has been remaining soft and has been pushing down from 104.5 to 102. I'm looking to temporarily continue the dollar bearish sentiment...

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Continued buys from 1.096 or 1.093. We look for a continuation of buys after yesterday's analysis. We saw a significant breakout of the slow bearish correction we were in with new intraday highs created. Today I will be looking for corrections to the levels I've mentioned above for further buy opportunities. Fundamentals Jerome Powell's speech that came out...

EllisonCapital Updated 

We understand that there has been a slow and steadier start to the week with a lack of economic events, coming off a US bank holiday and winding down from the second quarter. On the higher timeframe, EUR/USD is approaching the top of a range and I'm expecting some bearish pressure when we get there. Currently, price is in a slow pullback but still presenting...

EllisonCapital Updated 

There are no new events from a reactive standpoint or headlines and minimal change in price on EUR/USD. So I have the same analysis, sentiment, focus points and trade ideas as my previous morning analysis. Fundamental Lesson - Consumer Price Index Key points: - Disinflation in Core CPI and headline reading. - FED 'skips' rate hike in June FOMC meeting and...

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This week I am looking to continue with the bullish bias that was confirmed at the end of last week, with buys above the current highs at 1.096 or waiting for pullbacks to take buys at 1.087. EUR/USD is showing an increased probability that we could at least trend back into the higher timeframe range highs at 1.1062 as long as the dollar still remains softer and...

EllisonCapital Updated 

Yesterday we maintained bullish structure all day until we saw rejections with the release of FOMC, even though the news was expected and already priced in by the market. Today we have the ECB's rate decision and the US jobless claims data at quite similar times. I will personally avoid making any trades until both of these events have passed and the market has...

EllisonCapital Updated 

With the news today, I'm expecting EUR/USD to be indecisive but continue its bullishness until the news. Right now we are still holding pullback structure on the higher timeframe and even though price was choppy yesterday we still saw buyers printing intraday highs. I would be looking for buys at the same price sensitivity areas at a pullback of 1.076 or above...

EllisonCapital Updated 

With key news being released today that will ultimately decide the direction of Dollar pairs, I will be sitting and watching until it is released. That being said, Yesterdays buy predictions have come along nicely overnight but not in my trading session, unfortunately. My main bias is undecided today, with buys above the current range at 1.079 or sells below...

EllisonCapital Updated 

Continuing on from last week I am maintaining the forecast of buys from 1.076 and 1.079, expecting the temporary pullback phase on EU to continue a little higher. With sells expected at 1.084 or below 1.07. The theme of last week was watching Dollar start to show some exhaustion at key price sensitivity area of 104.5. On the higher timeframe, the DXY is on a more...

EllisonCapital Updated 

US jobless claims data come out poor, the dollar gives us a pullback from a key price point at around 104.5 and has started to print a new intraday low in its pullback structure. This has correlated with the bad data, having EUR/USD close at the end of yesterday back above 1.076 and the dollar digging below the price sensitivity area at 103.4. No significant news...