It could be said that it is slightly strange that the Euro isn't weaker. As of writing, EURUSD is trading at 1.1040 after seeing lows of 1.0458 back in February 2015. From March last year until February this year, EURUSD was in a very steep downtrend with a range of ~3500 pips. Since then, the pair has remained relatively stagnant, after seeing a bounce off of the...
Fundamental have not changed long term. Don't forget a little thing called QE. Sept 2016! We started off last month with weak US data but we are slowing see an uptick as predicted. Personal spending will start rebounding in the next few months which will put the pressure to raise rates. Job creation should also see an uptick which will lend to September rate...
The H&S is currently in play an the USD is holding on above neckline and we will not rule out a retest of that neck line for a well defined entry and risk. Target is very much of higher number at 11950 or even higher depending on how the Europe act with Greece. Stay safe
Go long on "optimism" Traders are more “optimistic” in that everything will work out – from rate hikes to Greece – and risk continues to bid higher on the news, or no news as it were. Greece is said to be saved after Prime Minister Alexis Tsipras gave into the troika and EU on a bailout extension. The game theorists got.. played? However, the International...
EURUSD appears to be failing below a critical resistance zone which stretches between 1.1384 - 1.1442. 1.1384 is yesterday's high and coincides with the long term descending trendline connecting the July, September and December swing highs. 1.442 was the highest daily close in the Head and Shoulders pattern from 3 weeks ago. We have entered short at 1.1302 with...
If we break down below 11,150, we'll likely see 10,786 and below on the DAX. It would likely find some initial support at the next order block and 161% fib extension of the recent upswing. Given that Greece decided to bundle its payments to the IMF, the uncertainty around this issue may drive this leg down. Until now, Greece had been all about "talk". Now that...
EURAUD received a big boost as the Aussie dollar practically cratered. The mild pullback in the dollar, along with optimism over the Greece turmoil, has boost the euro from it's intraday lows. Momentum on the intraday chart is looking to putter out. A 70 pip move is rather small for this pair, but see it as a reasonable pullback - but price action could continue...
Technicals on the chart Fundamentals : US GDP was weak but blamed on weather. Fed's Williams: June rate hike would require 'good' improvement in labor market, inflation. We have some critical data coming up this week Non Payrolls. US nonfarm payrolls increased by 126,000 last month after a downwardly revised 264,000 rise in February, the smallest gain since...
What are the Critical Dates for Greece and the Euro? 05/06/2015 Greece Auctions 26-Week Bills 05/08/2015 Greece Treasury Bill Matures 05/11/2015 IMF Loan Repayment Due 5/15/2015 Greece Treasury Bill Matures 06/04/2015 IMF Loan Repayment Due 06/10/2015 Greece Auctions 26-Week Bills 06/12/2015 Greece Treasury Bill Matures 6/15/2015 IMF Loan Repayment...
The pair is at war. US is trying to contain the value of USD against EUR otherwise US will loose an importante competitivity. On the Other hand, EUR was loosing ground because of the situation concerning Greece. Since the Tension with Greece appear to be not over but at least in a more relax environment, EUR is gaining power against US However, bare in mind...
The Greek tension and the futur about its debt will give the short term direction of Gold. If the Greek Debt is being under pressure because no solution is found at Euro level, there precious metal may go up qukcly. On the other hand, if we do progress towards a solution, the precious metal may resume its "natural" path which is down the road towards 1180 and then...
Hello Bitcoin has failed to break free of the downward channel that has held bitcoin captive for almost a year and a half. Yet again the resistance proved too strong, As the linear uptrend line was violently peirced in January I doubt that it will save us by serving as support. I think the price will bounce along the linear uptrend line around the 230s for a...
$EURUSD Has broken below the ascending triangle bottom and looks set to break through the Double/Triple Top confirmation level 1.0720 (4h close). Another possibility is a rally off this level and a retest of 1.050 but we think this Triple/Quad Top/Double Bottom scenario is less probable. Look to sell any rallies into the broken triangle bottom or LT channel top.
As of now technicals are confirming a potential ab=cd that could be formed in NBG over the next few days if the bottom support range of 1~1.23 held providing an excellent 3.88 risk reward. Some upcoming catalyst: -Greece reform plans (April 8~9) -NBG quarterly earnings. 4/2/2015? I think it is quite unlikely that Greece will be leaving Eurozone (yet). Even if...
Sometimes knowing the general direction of fundamentals will be more than enough in trading, the charts says everything of what the market intended. News are just meant for distribution of expensive stocks to the average joe. Had a pretty good trade from this :)
Gold climbs higher on traders looking for safety, albeit crude, equities, the ECB or Greece. As what was considered a year for the “secular” bull market to continue higher, 2015 is looking to start the year rather tumultuous. In “Gold $1,200 – A Line in the Sand,” gold began to form a descending channel after breaking through the previous ascending channel. I...
SHORT SWING TRADE he EURUSD is in a really good trend right now. It has been in this range on the 60m chart for the last 3 weeks trending lower. I think that this is a good trend and will be trending this way for the next week in the very least. The average trade swing length is roughly 36-60 hours with an average swing of about 100 pips. I will be going in...
My Elliott Count for the Greece ETF is looking ready for an upcoming bull run. I count us near the end of a wave ii, in an extended wave 3. As all us EW chartists know, this is an ideal spot for entering long, or buying call options. However, Here is a BEARISH scenario, where A=C and we are just starting the wave down.... This appears to be in sync with the...