kvallecillo

kvallecillo Updated 

Bearish trend could be defined at 14:00 on Monday when the ECB President gives his speech. On Tuesday we have the UK on brexit talks for a parliamentary vote on Brexit Plan B. Wednesday is going to be an important day because of the CPI YoY release by the US; also, Harmonized Index of Consumer Prices YoY will be released in Germany which is a major influence in...

kvallecillo

This week we have US non farm payroll released, and is forecasted to be greater than previous, which is a bullish for USD. On the other hand, we have EUR GDP to be released, and is forecasted to be lower than previous. watchout for resistance and market levels. If monthly resistance is surpassed, continue to buy, if not, sell.

kvallecillo

Watch out for resistance level, good chance ti buy short and sell later if the resistance is not surpassed. If surpassed, continue to buy.

kvallecillo Updated 

Possible breakout based on the ECB tomorrow. Trade safely.

kvallecillo

EURUSD has been moving a lot for the last two weeks. In order to open a sale position, we need to wait to get confirmation of a Lower High and a Lower Low. Trade safe.

kvallecillo

As we can see, the EURUSD pair is rejecting the trend at 1.16500. Therefore, we can sell at 1.16500 SL at 1.16800 (allow the trade to breath), and TP at 1.15700. Huge drop coming on EURUSD.

kvallecillo

As we saw on the previous charts, it all shows that we are going bearish this week. Stay alert, and watch out for confirmation.

kvallecillo

As we have seen USD has been stronger than EUR this week. We have major economic events on EUR, but unless they perform better than the forecast the bearish continues. We have a short buy chance to get some PIPs, but after that the bearish might continue. Bearish might hit 1.1450 monthly support. Trade safe. drive.google.com

kvallecillo

We have major events in coming in the US and Eurozone. However, the only event in which the euro goes bullish is on the sales index, the others are in favor of USD

kvallecillo

read the graph.

kvallecillo

USDJPY will update later for analysis

kvallecillo

We have major events going on in the Euro Zone as the money supply forecast, and Consumer Confidence Index final. If the money supply increases we all know that increases inflation rate, and CCI is lower than previous result, which means dollar will appreciate against the EUR. However on May 30th we have ADP employment reports coming in the US, which are a good...

kvallecillo

Keep an eye on the possible reversal on the Euro-zone Consumer Confidence Index.

kvallecillo

take a look at the analysis.

kvallecillo

We have major events coming up in the U.S. economy, the mortgage rate, the export sales results, and we also have DT with talks in Asia, which helps strengthen the economy and has major effects on the currency.

kvallecillo

Guys, we have many events upcoming this week. However, I want to point that charges against Donald Trump for corruption were presented and accepted by a General Grand Jury, so keep an eye on this. Now, European Consumer sentiment forecast is lower than previous result, which could lead to a downfall when it is presented. Also, we have US Consumer Price Index to...

kvallecillo

Based on recent events and upcoming economic events, we can deduct we will have a bearish movement all along.

kvallecillo

Stil waiting for the US crude oil inventories to come out which is a good opportunity to get some PIPs. Before, we got the US home sales dropping from previous month's result. We are also facing a 3-month high in the dollar vs other major currencies.