According to Joaquin Monfort , The pair has broken above a major trendline drawn from the January highs and this has confirmed the bull-trend. A break above the August highs at 1.1734 would add further impetus to the uptrend and probably see an extension to the next target at 1.1790 and the level of the R1 monthly pivot. This might be the early stages of a...
As per the chart , if EURUSD follows it recent patterns and fundamentals have not changed , we should be looking at a SHORT ( SELL ) at this levels. Above 1.1835 , then we are completely in Bullish trend. We are looking for signs that EURUSD is failing or having trouble with the current Uptrend. WARNING: Enter only if EURUSD fails to break 1.1740/50 . EURUSD...
EURUSD TRADING PLAN: TRADE 1: --- today's CPI time LONG -- This is DONE ( Good Profits today ) TRADE 2: --- Pullback SHORT --- Monitoring In Progress Entry: 1.1690 to 1.1750 Exit: Anywhere below 1.1620 WARNING: if and only if EURUSD fails to break 1.1700 or breaks 1.1700 but fails to break 1.1740/50 area then we go SHORT NOTE: Cancel Trade if Price...
EURUSD Bulls in the Driver's seat
This trade is not for the faint at heart . You need to have guts to go for this trade , its going against today's trend Entry : 1.1680 -1.1710 Exit anywhere below 1.1650
EURUSD has not been on the driver seat for the last 3 weeks , it has been the Mighty King Dollar . 1. The Major resistance at 1.1640/50 EURUSD has failed to break above 1.1640/50 = 5 times : EURUSD has failed to break above 1.1630 = 4 times TOTAL = 9 times 1. The Major Support at 1.1500/30 EURUSD has failed to break below 1.1530 = 2 times...
Look at the possible 3 paths
Looking at DXY and EURUSD i see 3 paths as shown on the chart . What do you think ? Fire away
Next week ( 9th to 14th September ) is going to be a very interesting week for EURUSD. its decision time 1.1527 to 1.1508 --- Major Support Band comes into play. We break that and we are free to head to 1.1302 if 1.1527 to 1.1508 holds then we rally back to the top of the channel around 1.1730 i have both SELL and BUY orders ready for that decision . my...
This is a very interesting idea. I went back and looked the EURUSD since it began the downtrend. It has been making : -- Lower Highs and Lower Lows with falling support & resistance trend lines = Bearish sentiment . Unless Brexit or something changes with EURUSD or DXY in the next 3 to 6 weeks , i am looking for a SHORT My possible Short...
Analysis on 3-hour chart for clarity : EURUSD has been in a large range 1.1508 to 1.1750 since May 23, 2018 Major Resistance area = 1.1718 ---- 1.1750 . Number of bounces off this area = 9 times Number of piercing or breakthrough = 2 times Major Support area= 1.1508 ---- 1.1539 Number of bounces off this area = 4 times Number of piercing or...
Everytime since US Dollar Index ( DXY) began its major uptrend on 15th February 2018, DXY has made : Higher Lows followed by corresponding Higher Highs i.e After every Higher Low its has rallied to take out the previous Higher High. So what can we expect this time : All the fundamental factors still point US Dollar strength for a couple of more weeks ( 3...
We are going long and then short. The price action indicated that DXY would fall but looking at it . It seems that was temporary , i expect a test to the 96.00 Level before actually pull back on US Dollar index . Fundamentally: There is no reason EURUSD would be at 1.1630 area , So US Dollar will fall Geopolitically: Yes there are rumours driving it . LONG...
Its decision time for EURUSD . Do we go for a short or a Long PATH 1 = UPTREND = LONG = BUY If and only if - EURUSD stays above 50-day MA - Turkey , ITALY, and EM markets issue subside with weaker dollar continues - US Dollar ( DXY ) stay below 95.00 Level and keeps downtrending - EU-US Tariffs issue is solved in favor of EURO - EU Data stays...
On 4-hour chart for EUR/USD we are seeing a bearish divergence of the relative strength index (RSI) and CCI indicators. The current overall trend remains bullish as long as the rising trendline is intact, currently around 1.1654 . Any pullback might accelerate if we break below this rising trendline Caution: Possible signs of exhaustion and reversal or...
The EURUSD have been on a good rebound approaching the Bullish area of 1.1730 from the low 1.1300s. Now there is decision to be made , what is next ? Path 1: - Pullback to the rising trend support line at 1.1647 Area Path 2: - Pullback to a strong major support area at 1.1604 Area , which is also the 23.6% Fibo retracement of the bounce from 1.1300 to 1.1698...
If and only if a EURUSD Classic Inverted Head and Shoulder is forming then be prepared for an Uptrend Trade: EURUSD LONG ( BUY) : Entry : 1.1518 to 1.1562 ( Wide entry range due to wide possibilities at the moment ) Exit: anywhere above 1.1650 . I will update the entry as the Price Action does solidify my expectations