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USDEUR

EURUSD Long Term View part 2Since the previous analysis we have dropped in to that yellow zone, but so far just in a straight line. As mentioned in the previous analysis, first i want to see if we see some kind of pattern gets formed before going long. Because the pullback from the breakout is already weak, we dropped a bit below the breakout zone (blue zone on the right), i am going to take a more passive approach. First i want to see some kind of bounce up and a retest of support before getting in, like the blue line (which is an example in this case). As long as we stay in that channel on the right, i won't be doing anything. Previous analysis:
by botje11
5
EURUSD Long Term ViewMy view for the EURUSD has been up for the long term and after several months of sideways action, it looks like we finally have the breakout. The trigger was yesterday, when FED changed their interest outlook for the coming year. Towards the end of 2018 the FED decided they would do 2 interest hikes in 2019, which was a disappointment for the stock market and one of the reasons why the market crashed. Yesterday this news came out: www.marketwatch.com The FED changed their plans once again (under pressure of the President). Several currencies made moved, Gold and the stock market rallied up as well. The dollar however got dumped. Basic economics says, the higher the intrest rate is in a country, the higher the currency gets (of a normal stable economy). Because it is much more interesting for foreign investors to invest in that country, which increases the demand for their currency. Anyway, it's not a real breakout yet, want to see a weekly close above 1.15ish first. However, i will be looking to get in for a long term trade in that yellow zone on the right. I won't get in blindly, first i want to see it get in to that zone and then watch what kind of pattern develops. Previous Long term analysis:
by botje11
1
EURUSD SHORT (4H)EURUSD SHORT (4H). Several bearish indicators point to potential short for EURUSD. RSI bearish and looking for support. Room left to go down. MACD in full bearish mode. Histogram favors the bears. Descending trendline. Break below EMA10. These are just a few bearish signals. Give me 100 likes and I will give you ENTRY, TARGETS & SPOT LOSS for this chart analysis for a potentially very rewarding trade. We generate great results when reading Forex and Stocks charts. Your support is truly appreciated. Namaste.
Short
by AlanSantana
6
EURUSD Fake breakout and bear trap after? Part 2The previous analysis worked out very nice with a big dump minutes after i posted the analysis. Reaching the target very quickly and since the low i assumed there was a decent chance for some sideways action, for an upwards correction before the second wave down to the blue circle. So far it's following that plan. At the moment it already broke out from that bottom formation, but it is happening during Asia hours, which is less meaningful. So i expect it to turn down again in the purple box. The red box should be the max! I keep the stop for my remaining pos at entry this time, since i already took profit at the yellow circle and still believe in my counter trend trade. This is the second trade i did, which goes against basic TA principles which has worked out so far. If have given a few of my reasons to why i did it in my previous few analysis. So if you want to know, look them up. The red line was what i drew after the first drop, the blue line is still my bigger plan. So i will probably turn long in that zone (after some confirmation of course). Please don't forget to give a like if you appreciate this :) Previous analysis:
by botje11
3
USDEUR BULLHey guys! A little background on myself, i used to trade forex for roughly 3 years from ages 16-19 through highschool. I use price action trading strategies to set my buy ins and sell outs. I favor bull trading more than shorting. I got into crypto-currency trading but that doesn't satisfy me as much as forex does! It's great to be back and trading through meta trader. Moving on, i am taking a look at pairs USDEUR and i feel like i caught the graph in a great position. In my opinion it is right on the last support line! If this support is broken i feel that the next bottom would be the highlighted level under current placement. When i take a look at the relative strength index i can see that it is oversold. I take a look at the price action years back where we were in the same position we are now before dipping to .60. The difference i could see then from now would be that back then in 2005 the graph was almost on the overbought area however now we are on the undersold. Another difference i could see is back in 2005 the rsi and chart value were not adding up showing a convergence, giving a hint it would drop below the support level. The leverage on this trade would be 1:1, which is usually a trade you wouldn't go into, however i don't think the currency will devalue but appreciate in vaule. If it does go down you would be losing as much as you could make, but i will be going in on this trade. I see no sign of a convergence here but a push back to .90, and break out or retracement.
Long
by BTC-Sama
Dollar is kingWatching the Dollar to see how it acts around the lower end of this trading range. Dollar has been trading sideways since Nov. Expectations of Fed rate hikes through 2019 has no doubt been a tailwind for the Dollar in the last couple months. Depending on how quickly Powell changes his attitude and language in the coming (now every 6 weeks) FOMC press releases, Dollar will be affected. Disclosure I am long $GOLD $GDX... a weak dollar would be appreciated. Obviously we have not seen a strong dollar the likes of previous runs (see 1990s). If we break through $98 and head north of $100 expect more pain in emerging markets... such is the cost of borrowing in other currencies. Have a good weekend!
TVC:DXY
by skyman9025
FED Meeting Today, Coincidence they made a Bear trap? eurusdWhat a lovely trade this has been :) As you know from the previous analysis, i made a counter trade Sunday night. Read about it in the previous analysis. I still have 70% of my long pos left here and i will keep it. Later today we have a FED meeting, which can cause the price to move very big coming days. Now i am wondering, was that bear trap done by people who already know what the FED meet will cause on the price? I think the pro's loaded up big time the past weeks with the final batch with the bear trap break of the triangle. I am going to risk my profit here (already sold 30%), because we can see some huge wicks happen around the FED meeting. The bullish wedge on the left is still in play, so that could cause a long term rally. It all seems to fit the picture so for me it's worth the shot :) Please don't forget to like if you appreciate this :) Previous analysis:
Long
by botje11
12
EURUSD countermoveThe previous trade started out perfectly but at the end of the day things turned around and dropped again. I am glad i took 25% profit while i still could and moved the stops higher towards entry. There was a clear reason for this, which was actually the same reason why i went long at the spot i did it at. We turned down at a similar spot. It was just taking too long and it was slowly turning down as well. Now i am going to do my crazy trade :) I do these once in a while when i see most people calling for the same direction, i just love to go against it. I am just doing a very small size here with a very tight stop loss as well, as you can see in the chart. My general, longer term view on EURUSD has not changed. There is not much room left inside that bullish wedge, but it could make another drop though, like that triangle we broke on the downside on Friday suggests. I just think there is a countermove coming, a bear trap. Of course i have my reasons for that, so it's not just going against the general sentiment. I am going to close 30% at the target but i am going to keep the rest for a bigger ride. Because if my assumption is correct, i think there is a big chance we might get a short squeeze here. Previous analysis:
Long
by botje11
9
EURUSD Scalp and Swing We are still moving inside of that big triangle, with several attempts to break out of it but so for no follow through. I am going to do a swing trade here and a scalp. With the scalp i am going to try and finance the stop for my swing trade. There is a decent chance we are at a support level now, making a higher low which could be the start for the upwards breakout. With both i am going to do a small 50% size. For the swing trade i will increase it during the triangle breakout and for the scalp i will increase it when we see it move up and so i can easily move the stop higher as well towards BE, but still have decent room left in case it drops a bit again. For now i want to see it drop a little bit more and see some support. When i see it turn up on the low time frame, i will get in. As you can see in the 5m chart, that moment is possibly here now. Previous analysis:
Long
by botje11
10
[USDEUR] U.S. DOLLAR Drops Against The EURO (LongTerm Analysis)The U.S. DOLLAR will drop against the EURO according to the signals that I am reading coming from the charts. I am looking at it long term, this is the weekly time frame. Take a look at the chart here: I am looking mainly at divergence, this signal works light on conventional assets charts. Thanks to these signals, I spotted the APPLE and SPX crash, let's take a closer look at them. USDEUR Weekly Analysis by Alan Masters First we look at the bearish divergence that formed on the RSI from Sep '14 to Dec '16. We also have bearish divergence on the MACD from March '15 to Dec '16. After these divergences showed up, USDEUR had a 17%+ drop. Now we are looking at a similar scenario. We have bearish divergence on the MACD and RSI, you can see those marked on the chart. I believe these signals are indicative of an upcoming drop, this can be as much as 7%. This is clearly illustrated on the chart. RSI is in a downtrend and the MACD as well since 2015. A different perspective I used divergence as it was the first signal that I spotted on these charts, but if an event is strong enough, there are normally other signals that will confirm it and add additional strength. Here are some examples: Chart 1: Chart 2: You can find targets on chart... Thanks a lot for reading all the way. Note: This information is for learning and entertainment purposes only. Hit LIKE if you enjoyed this article. Namaste.
Short
by AlanSantana
EURUSD Scalp and Long Term Trade H&SThe small inverse H&S shows we might be moving up directly from the opening later today as we can see on the left. If that happens i will try to get in and catch the momentum of that H&S. Long term picture is starting to look more bullish now, but there is still a long way to go for that. That wedge is not a beauty but as long as we stay above that green support zone it could certainly play out. I remember we had an H&S a year ago in August where the whole market was looking at but failed completely, just like the big one we had this year, was identical. Many of my followers asked me both times why i did NOT trade those H&S patterns since both of them were textbook, well i have my reasons for that :) On the right we can also see a triangle where we can see the previous high did not even reach the resistance line which is a bearish sign, but the same can happen now, if this small inverse H&S works out. So if this small H&S fails, chances will be bigger that we make a drop. Towards the low around 1.122. Please don't forget to like if you appreciate this:) Previous analysis: www.tradingview.com
Long
by botje11
2
USDEUR SHORTUSDEUR is situated into ascending channel,here we can see a nice uptrend but they need to retrace it a little until 0.618 fib support because: -Macd still overbought -Stoch hard overbought above 90 and also here we will see a bearish cross soon Rsi situated into rising wedge which means will make a breakdown=bearish confirmation also Bullish sign=we are above ichimoku cloud but at the moment we need a little retracement. Targets 0.8804, 0.8785, 0.876 , 0.8710. 0.8680. STOPLOSS 0.8870
Short
by CryptoRomaniaTD