Euro/Sterling is in a long-term downward trend. I aspect bit more downside momentum. As long as we hit long term support around 0.779-0.776. I place a short-term long position. The fundamentals shows us that Eurozone inflation is falling to 0.3 percent in November 2014 from 0.4. Eurozone is heading to stagnation. Entry @ 0.783 TP: 0.803 SL: 0.772
Technically this pair is in range or slow decreasing trend channel. That means it's a good opportunity to long AUDCHF next days. I' am bullish on it. For long position we should break the upward trend-line asap. But next days Australia is going to publish major data witch can change the direction dramatically. So keep patience and wait. For longs: SL 0.81 T1...
It's a technical short of GBPUSD. We are still in a bearish trend. Fundamentals are great: British economy expanded 3 percent year-on-year in Q3, inflation rate increased slightly to 1.3 percent and unemployment steady at 6%. We will see how it works.
Lonnie is in a upward trend channel. There is a second smaller upward channel. We are now at the bottom of that second channel. It is possible that it hold's and we could see Lonnie at 1.14-1.15. So i will long USD/CAD next days. My entry point is around 1.117-1.121 SL 1.097 TP1 1.139 TP2 1.156
I will short EURJPY next days. After Draghi's 'what ever it takes' speech last week. I see more downside potential in Euro/Yen. The European Central Bank basically ready to buy government bonds in order to inflate the Euro and raise more inflation. In Japan Abe delays tax rise and calls for new elections. Also Japan's GDP contracted in Q3. Good Entry point...
I am thinking of shorting EURUSD this week. The Euro Area show us small growth in GDP. France and Germany try to avoid recession somehow. Austria showed no growth and Italy & Cyprus contracted by 0.1 percent. When key members like Germany and France growth declines EU brakes apart. Meanwhile the USDollar is strengthen. Good entry is at 1.255-1.26. SL 1.276 TP1...
On technical point its i good opportunity to long that pair. First its in a kind of bullish trend channel. Secondly we heading to major support area around 1.78x. End last but not least we see some good data from UK. British GDP expanded 3 percent YoY in Q3. The number of unemployment persons is shrinking. British Unemployment Rate is now at 6%. Good entry at...
Swiss economy stagnates, zero growth in the Q2 of 2014. Inflation in Switzerland is decelerated 0.1 percent in September to -0.1 percent. Swiss Unemployment Rate is unchanged. The FED ends QE3 and US GDP beating expectations in Q3. The USDollar basket is strengthen. Good entry point is at 0.95 area.
I'm very bullish on that pair. Why? Bank of Japan decided to add another QE program to fight deflation. They will make extra asset purchases by an additional 10-20 trillion yen. Japan's unemployment rate increased to 3.6 percent from 3.5 in September. The trade gap is increased and Inflation Rate is at 6-Month Low. SL108 T1 120 T2 125
The EURAUD is in a descending trend channel but i think it will break upwards. Some news from the EU and Australia strengthen my point. Euro Area annual inflation was lower than previous month. The Euro Area GDP Growth revised upwards and EU-zone estimate a trade surplus compared to previous period. On the other side Australia's unemployment rate edges higher and...
USDCAD is in upward trend channel. I'm thinking of enter a long position on that pair. Some of the sings witch lead me to that decision. The Bank of Canada decided to leave their interest rate at 1 percent. The inflation rate is back to 2 percent from previous 2.1 and Canadians jobless rate decreased to 6.8 percent. A good entry point is between 1.119 and...
British Pound is in a downward trend channel since July 2014. My short appears attractive from a technical point. I will enter a short GBPUSD position, targeting 1.60. A SL will be activated on a close above 1.64. I will TP on 1.61 and move the stop-loss to breakeven.
My technical idea is towards the prior highs @ 98.xx and maybe it would be followed by the level of 103.x. On the other hand in case price break the support of 93.00-93.50, the price might go to test the lower area of channel around the zone of 92.00.
UPDATE: We saw really bad data from eu and germany (ZEW Economic Sentiment ) today. I took a small profit & will postpone my long position. I aspect a downturn to 86-85 region. The german DAX is in a decending trend channel. Actually we saw some soft and bad data (Sanctions against Russia, PMI and Ifo) coming from the EU and Germany witch lead the DAX to 87XX...
After the EU decided to buy junk EU-Members paper. I anticipate a take-off. Literately: -> Sky Is the Limit. First I expect a pullback to .963- .960 area. Good entry point. After that a start to maybe 1.x area in the next months. SL: 0.952 T1: 0.97 T2: 0.98 Time will tell.
EUR/CHF is in a down trend. I think it's a good opportunity to short this pair. Risk is low. With EU ABS purchase program the Euro will weakening and Franc strengthen. Good entry point is @ 1.2106 area. SL: 1.214 T1: 1.204
The ABS purchase program will start the next days that's bad for the euro. The ECB will buy junk paper from EU members, mainly greek paper. Germany the EU-powerhouse published contracting PMI data French PMI data is bad, too. The Eurozone is heading toward to a stagnation? Only time will tell I will short eu next weeks. Good entry point is 1.255 area. sl:...
EUR/JPY remains on the downside the last couple days. Fall from 141.X area to 135.7X witch can act as support. The Price action from 145.x is probably developing into a triangle pattern. I expect strong support in the 135.95-135.50 area. 137-136 level can bring a reversal in the price. i will long this pair next days @ 137 level.