GrowingForex

GrowingForex

Dear Traders, There is possibilty of price rally in intraday to the demonstrated area on eurusd chart( blue line). Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: Trade at your own risk. Good Luck...!! Regards, Growing forex Team

GrowingForex

Dear Trader, 1-There are two types of channel on eurusd chart, First bullish channel and second bearish channel respectively. 2- If price doesn't break bullish channel as well as bearish channel then price may rally upto 1.0960- 1.0970, after reaching this level price may fall upto 1.0800-1.0790. 3- If price reaches to the level of 1.0800 from...

GrowingForex Updated 

Hello Dear Traders & Welcome to Growing Forex (Try Creating Pockets). The EUR/USD pair consolidates near its recent highs, having held below 1.0820 during the Asian session and now trading near a daily low of 1.0782 early London. Attention is centred on equities, sharply lower in the region after yesterday's Wall Street slump. The lack of progress of the Trump...

GrowingForex Updated 

Bullish flag a continuation pattern indicating an upward acceleration unless price breaks the above resistance line at 1.0828 levels. A further move upwards is expected at the above resistance line at 1.0948 following again with the continuation pattern that would Trigger the long awaited target of 1.0978 & the second resistance of post us election thereby...

GrowingForex Updated 

Dear Trader, Here, A Bearish Shark pattern identified selling zone. so there is a lot of expectation selling off from here and take the target on 1.0743,1.0696 and 1.0650 with the help of fib level. Most Approachable and Risk free Target may be 38.2%. Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: Trade...

GrowingForex

Dear Trader, I am trying to show a short idea on eurusd with help of Gann fan and Quasimodo pattern, all the information has been described on chart. but quasimodo pattern must be completed before going short. Note: Please leave comments for any query. Disclaimer: Trade at your own risk. Good Luck...!! Regards, Growing forex Team

GrowingForex

Dear Trader, There is expectation of eurusd pair will go short in long term because of brexit that will happen on 29th of march 2017. so, i am just trying to show how can price go short for which i am using some of technical tools just like Bearish Gartley and bullish cypher respectively. Note: Please leave comments for any query. Disclaimer: Trade at your own...

GrowingForex

hello dear traders & welcome to growing forex Enter safely no blog for today but a slight hint that today or tomorrow price may be choppy. Enter at breakout below the pivot of 1.0748. T/P at fib levels of 50 % ,61.8 % or 78.6 %. good-luck, regards, growing forex.

GrowingForex Updated 

DEAR TRADER, ACCORDING TO THE CURRENT SCENARIO PRICE OF EURUSD IS GOING DOWN BUT I HAVE FOUND DESCENDING BROADENING WEDGE THAT WILL GIVE A STRONG BUY SIGNAL AFTER TESTING 3rd POINT (1.0383) OF "DBW" .THERE IS EXPECTATION OF BREAKOUT BEFORE REACHING 3rd POINT, IF DXY FALLS BECAUSE OF FUNDAMENTAL NEWS. SUPPORT AND RESISTENCE AS FOLLOWS-- S1-1.0500, S2-1.0431,...

GrowingForex

Hello Dear Traders & Welcome To Growing Forex. "ENTER SAFE " On My Previous Post Of Elliott Wave Price Is Still In The Correction Unless It Break The 1.6000 Level.Considering Every Possible Data On The Euro & the Dollar Price Reached The Supply Zone & Is Headed Southwards For A Retracement Of...

GrowingForex

Hello Dear traders & welcome to Growing Forex As you know according to my previous idea the feds were dovish & the price broke above the daily high & is currently trading higher.entry at the breakout of pennant but it has already broken the trend line while writing.possible entries are the resistance as shown in the chart. wait for the completion of the 3rd wave...

GrowingForex

Dear Trader, There is expectation of eurusd short from D point of abcd pattern. Price in bullish channel this trade will be on retracement level. Target can be 1.0675 (which is 50% of fib level). Note: Please leave comments for any query. Disclaimer: Trade at your own risk. Good Luck Regards, Growing forex Team

GrowingForex Updated 

Dear Trader, Today, There is a possibilty (94%) of interest rate hike by fed at 11:30 (GMT+5:30). I have drawn two trend lines on EURUSD chart which represents one for divergence and second for support . If these trend lines breaks then we will go for short and take target on green line (previous low). There is another possiblity of price go long if inerest rate...

GrowingForex

Hello Dear Traders & Welcome To Growing Forex "TRY & REFER THE BOLLINGER BAND WITH RSI" Be Prepared For A Rate Hike Today (1.00%) According To Bloomberg The Sentiments Of The Rate Hike Are 94% & It We Are Pretty Much Sure That They Are Going Hike The Rate, The Average True Range Of Volatility Of EURUSD On Rate Hike Is Approx 100-150-200 Pips (according to past...

GrowingForex Updated 

Dear Trader, As per my technical analysis, Price of EURUSD can go up to 1.0750 (approx) but there is expectation of reversal from D point of gartley pattern (yellow) If these data comes negative 1-Industrial Output w.d.a (YoY) (Jan),2-Industrial Output s.a. (MoM) (Jan),3-Wage Inflation (MoM) (Jan),4-German Buba Monthly Report Report,5-Global Trade Balance...

GrowingForex

Dear Trader, There is a possibility of price go long because of ecb president will deliver a speech on monday at 7 PM (IST). In case of president speech, Volatility in Euro pair is normal thing. So we have to prepare for it. let see what happens next. Note: Please leave comments for any query. Disclaimer: Trade at your own risk. Good Luck Regards, Growing forex Team

GrowingForex Updated 

hello dear traders and welcome to growing Forex A nice spike yesterday for EURUSD moved the price out of bearish pressure & its heading north. Moreover I'm not neutral its just that i,v started betting on the euro from yesterday's speech of Mr.Mario Draghi. He said that there no change in our policy & are trying to increase the asset purchasing to 74 billions...

GrowingForex Updated 

Hello dear traders & welcome back to Growing Forex Try creating pockets. Micro news to follow today which will change the outcome of EUR/USD. 1.ADP employment change. 2.Unit labour cost 3.Non-farm productivity. 4.10 years note auction. Euro poised against the Dollar after gaining momentum previously & lost its shore today. A possible recovery from 1.0560 levels...