Hello everyone, EUR/USD is currently recovering but remains below the 1.0800 level at the start of Wednesday. The pair is receiving support from a significantly weaker US Dollar, even as inflation cools in Germany and the market remains unconcerned about the Eurozone's HICP release, US ADP employment data, and Powell's speech. However, EUR/USD is predicted to...
See previous chart (link below) for details of overall view. Previous short was stopped out but it seems the overall counts still looks correct to me, hence another attempt to join the potential short. Here are 2 possibilities, either we get a retrace of the decline or breakdown without much retrace. 1. Entry short: 1.1450 Zone (on partial retrace, but then...
After a little break because of the New Year celebration, new agenda and Greek Elections, here we are again. Ichimoku gives a clear picture of the situation. One can read my former analysis. First you should remember the game plan of ECB. Draghi is planing to import inflation by reducing the value of EUR against USD so that the price of commodities imported in...
Where do we stay in the gold trend? What is the state of play? That is a question. With the EUR well on the last days, there was a natural , I would say mechanical lift up of XAUUSD in USD terms. However, the trend is still on the downside..... On the graphic, there is three trend line, all of them are showing the same direction. The long term trend line is now...