Technical Analysis and Outlook: This week's trading saw the Eurodollar drawn to the Mean Res of 1.062, its main attraction. The intermediate price action may cause a pullback to Mean Sup 1.053 before resuming rebounding to Inner Currency Rally 1.070 with the completion of the pullback to follow.
EURNZD rebounded from : - downtrend line - key level around 1.5850 - SMA 100 MACD shows the start of bearish momentum so its expected bearish movement to support level around 1.5550
BULLISH ON EUR/USD. I EXPECT TO SEE A RETRACEMENT DOWN. HOPEFULLY NIT TO FAR DOWN TOWARDS MY SUPPORT ZONE. THEN HEADING UP EVEN HIGHER. I'M BULLISH. AND VERY BEARISH ON USD THIS WEEK AS OF NOW. PLEASE LIKE AND SHARE ANS FEEL FREE TO ASK QUESTIONS OR SHARE YOUR DISAGREEMENT. I WAS CORRECT FROM MY CHART FROM SUNDAY SO THOSE WHO LIKE TO MAKE MONEY LETS DO THAT!...
I just thought I would post this since I don't know if I covered it in the weekly outlook video... Echf is looking like it is giving a buy setup to possibly at least test that 38% fib. That MA is the 200 on the "Daily". This is not a trade signal. Notice the circle to the left to understand how these consolidations can play out... If you need to, learn how to read...
Looking at the bigger picture (Weekly timeframe) we can see that the pair is still in consolidation mode, specifically in an Expanded Flat Correction. Now looking further ahead I personally don't think that the pair will be going much much lower for the reason being that on the Monthly timeframe it has broken through a Major Downward trendline. Apart from that it...
It was noted that the EUR could lose some strenght and that the CAD could gain some momentum to the upside. Furthermore, we have divergence in play supporting the reversal. R:R, 1:1.45 Good Luck!
JPY demand picked up after Bank of Japan held monetary base unchanged along with interest rates and debt purchases and announced only an expansion in the size of its ETF purchases. USD/JPY was offered at 50-DMA level of 105.55 and dipped to a two-week low of 102.70; before a bullish price-RSI divergence on the hourly chart helped the pair recover to 103.66...
EUR/USD – 1.1429 is a strong support this month Resistance – 1.1534, 1.1714, 1.1773 Support – 1.1429, 1.1330, 1.1203 Euro’s failure to take out/sustain above 1.1534 on daily closing basis if followed by a break below 1.1429 (today’s low) could result in a minor sell-off to 5-MA on monthly chart seen currently at 1.1203. The area between...
Waiting for "real body" engulfing with close of candle and then short.