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Eurodollarlong

Eurodollar, Negative Interest Rates, and the S&P (Post 8ish)Twice since 2000 the eurodollar future as pumped to near 100 and at both times the midpoint consolidation marked a bull trap within the S&P. Our current set of circumstances is unique as a third touch at resistance puts the eurodollar future above 100, which signals negative interest rates in the real world and outside the control of the Federal Reserve. How the Fed will respond to this remains to be seen. How market will respond to this remains to be seen. There are several countries with interest rates ranging from -0.1 to -0.75 and if the Eurodollar goes above 100 we should see a whole lot more. www.investopedia.com The chart below zooms in on the eurodollar and SPX. The eurodollar and SPX both hit a local low at the same time and the Eurodollar shows a textbook BARR bottom. It is clear that the flagpole bewteen consolidation 1 and 2 was timed with the dump in SPX. Consolidation 2 overlaps what I believe to be a bear trap in the eurodollar. Another flag pole should throw SPX price action to the ground. thepatternsite.com Here is a side by side view on the eurodollar and S&P. As I have recently been mentioning elsewhere I am using the Volatility Stop to try and help be refine the timing of my entries and steadying my hands to help me let my winners run when they are in a consolidation pattern and I start to doubt my big picture. The chart has a lot of sound theory, SPX support flipping to resistance, a indicator suggesting trend reversal on SPX, a micro acceding triangle in the Eurodollar chart and a stop loss all in one. If we see the SPX price action reverse and close a candle body above 3166 the trade is over or on hold. If the eurodollar dumps as the acceding triangle fails to to perform the trade is canceled or on hold. Here is another look at an asset that had a BARR bottom and hit full flag pole performance after Consolidation 2. There are a lot of differences between the eurodollar and bitcoin and the main one would be the macro-structure both are in. Key would be bitcoin hitting a lower high on this BARR bottom but I am calling for a higher high on the eurodollar. Clear performance should only be a week or two away. Really close. Of course, I am not a financial advisor, nor am I a certified market technician. Take a look at my linked post, you will see me being right on a lot of theory, but you will also see me getting the timing wrong quite a bit. There was still a lot of money to be made on the swing trades, but I was looking for that big move that I think is coming shortly. I still see this as a subvert currency war against China due to their eurodollar exposure and how the US has been probably using the Dollar Milkshake Theory to influence the dollar shortage so it will be interesting to see how this plays out, especially in the Chinese market.
GShort
by This_Guhy
2
EURUSD Break and Retest of Bullish Flag - LONG Earlier last week (Monday and Tuesday) we saw the EURUSD broke out of the bullish flag, only to do a retest of it during the later days of the week. After successfully retesting the upper trend line of the flag, we can now look for buys to the upside and for new higher highs. It's only the start of the week so we need to see bullish momentum and volume for this to happen. Price breaking back into the trend line would invalide this setup. But for now we'll keep adding longs as the bullish volume builds
Long
by mariobillz7
EURUSD Break and Retest of Bullish Flag - LONG Earlier last week (Monday and Tuesday) we saw the EURUSD broke out of the bullish flag, only to do a retest of it during the later days of the week. After successfully retesting the upper trend line of the flag, we can now look for buys to the upside and for new higher highs. It's only the start of the week so we need to see bullish momentum and volume for this to happen. Price breaking back into the trend line would invalide this setup. But for now we'll keep adding longs as the bullish volume builds
Long
by mariobillz7
Eurodollar and the SPX Short Quick Post VII haven't been the best at naming my SPX/Eurodollar posts, but it seems that this is my sixth post on the matter over the last yearish. So far my most accurate calls on a macro level have been using the movements in the eurodollar to predict what will happen with the S&P and therefor the broader market. I am going to start on the S& 500 and it is just going to be charting, the linked posts will show some more TA and indicators. The main chart shows a rising wedge on what looks to be a flagpole and a pennant with targets shown for full performance on both the wedge and flag pole. Price action slipped the wedge and support flipped to resistance if you do simple candlestick analysis on the main chart. SPXUSD, the almost 24/5 CFD on the S&P, has a horrendus amount of bearish divergence on the MACD, MACD histogram, and RSI. The hammers show what I expect to repeat rather soon. Likewise, the Eurodollar post shows the targets for a flagpole and pennant. this has the eurodollar going above 100, which means negative interestrates in what is in effect the true researve currency of the world, because it is the unregulated dollar outside of the US. Japan and China are extra-ordinarily exposed to the eurodollar so this will get interesting. Expect a lot of extra-ordinarily bad news out of those countries in the upcoming year. And that is relative to other countries going through the second great depression. Generally I would need a lot more confirmation of breakout on the eurodollar chart, but the macro-view is strong, and the chart fundamentals are strong that the eurodollar will at least reach the target on the symmetrical triangle. Conclusion I am bearish, very bearish. Not financial advice, as I am just a guy making and losing money learning how to chart and trade. I have been swing trading SPXU and SPXL to great effect but I cannot recommend it for most people unless you want to start grinding the fillings out of your teeth. I have already passed that phase, it wasn't a happy time.
SP:SPXShort
by This_Guhy
1
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1125. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.1175. TP4: R2=1.1195. Set the stoploss of these orders at breakout of S2=1.1105. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.1105. In this situation, there is an expectation to reach the target S3=1.103. Set the stoploss of reverse orders at breakout of S1=1.1125. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity
2
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1125. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.1175. TP4: R2=1.1195. Set the stoploss of these orders at breakout of S2=1.1105. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.1105. In this situation, there is an expectation to reach the target S3=1.103. Set the stoploss of reverse orders at breakout of S1=1.1125. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity
6
LONG entry buy on EURO/USD volume surgeEDIT: GRRR.. dunno why charting is coming up all messed up in publication: ^ chart above -- volume surge / RSI confirms bullish parabolic analysis. Great opportunity for EURO esp. with Boris Johnson's hard brexit looming around the corner -- if you're a patient man/woman; I'd highly recommend this entry as it will def. be a considerable amount of time before the profits roll in ...though when they do that $ROI will be very very substantial and your patience will most certainly be rewarded. Also pairs well against other currencies including JPY. Trade SAFELY! - @a1mTarabichi tp1: 50.64 tp2: 51.37 STOP @ 49.30 DISCLAIMER NOT FINANCIAL ADVISE
LSE:EUROLong
by UnknownUnicorn3861629
EURODOLLAR LONG TRADE OPPORTUNITY Looking at EURODOLLAR pair for weeks even months but with the structure the market shows we are likely too kiss off this pair from short trade to long trade opportunity for a long period of time we have multiple Descending channels within Descending channels but what is more interesting tis that price printed a nice double bottom with a descending channel on the second leg of double bottom breaking the lows caughting traders on the wrong side of the market and price impulsed out of the channel impulsively looking for a second confirmation to go long with multiple of scale ins along the journey
Long
by KLETUS_KUNDY
EURUSD Down Because Brexit and Germany Could Enter Recession Fundamentals are fairly important in financial markets. Its why I spend so much time on them. This is how I came to the ultimate conclusion that the trend of EURUSD is down mainly because Brexit, updates of which you can find here: anthonylaurence.wordpress.com While economic data out of the Eurozone was somewhat favorable at the start of the week with the IFO Business Climate Index, consumer confidence was weaker in Germany. Such negative sentiment caused ECB President Draghi to assert that the ECB would step in should the need arise in financial markets. This didn't budge the euro at all. In short, Brexit isn't trending well although it could lead to a conclusion. This would break the euro out of the downward channel, but in the short-term investors will probably continue to witness this price action, at least until April 12th before which we will probably see an extension if no deal is reached. For more analysis, check out www.anthonylaurence.wordpress.com
Short
by WhiskeyTangoFoxtrot3
No Deal Brexit Worse than Slower GrowthI've talked extensively on how a no deal Brexit is more likely here: This is primarily my reasoning behind why I'm neutral to short on EURUSD in the medium- to long-term (1 to 3 months). There's plenty of other good reasons to be short EURUSD including continued weak data releases from the Eurozone, possible continuation of a recession in Italy, and potential negative growth for Germany in Q1 2019. While I think that the euro can make some moves to the upside, it is still probably limited to the downward channel with short-term monthly resistance in spite of a break in this resistance last week. For more, check out www.anthonylaurence.wordpress.com
by WhiskeyTangoFoxtrot3