A break below trend line or rejection from 1805 - 1820 with big volume can trigger a selloff. Confirmation needed
Based on COT reports commercials are long wheat. They are correct 98%. It may take time to form a buy signal. But with that in mind, we look for buy signals - whatever happens first - break out of daily resistance - lower high + oversold oscillator - divergence (I use RSI and OBV)
I am sure you all made good profits as per my previous EUR/USD forecast. Last week almost all US reports were positive. GDP showed a 3.2% growth. Job growth, retail sales, manufacturing activity, and inflation ticked higher and supported our shorts in EUR. Coming week is crucial for the American dollar — all eyes on FOMC meeting. Last time Fed was so...
As it was forecasted last week EUR/USD made the corrective move up, giving nice rejection on Friday. During the week few economic reports were released. EU data was a bit better than expected. But still nothing special. Besides such reports are unable to change the big trend. Coming week we keep an eye on German PMI. But I am thinking about two...
As it was forecasted in my previous EUR/USD analysis last week was calm. The market started consolidation. Fundamentals were also neutral. This week we expect two important events – ECB Press Conference and FOMC minutes. I don’t think we will hear something special but never knows with ‘these funny guys’. By the way, I know Fed announced there will be...
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Watch price action before taking a tradeWatch price action before taking a trade!
It was a nice week, yeah. Congrats to all who followed my previous EUR/USD forecast. Recently all are talking about coming recession. But is it really coming? – I don’t think so. And I want to give you a few arguments and charts I have taken from Fed website. Many refer to jobless claims in their recession prediction. But the thing is there is a lot of...
Watch price action before taking a tradeWatch price action before taking a trade!
Watch price action before taking a tradeWatch price action before taking a trade!
Watch price action before taking a tradeWatch price action before taking a trade!
Watch price action before taking a tradeWatch price action before taking a trade!
What a hot week it was for forex traders! Federal Reserve doesn’t expect to raise interest rates this year. As you know all were expecting one hike in 2019. So, the news was surprising and pushed EUR/USD up. But it was only jerk-reaction and washing out of weak sellers. As I mentioned many times – trade through the noise. Always try to focus on the bigger...
Watch price action before taking a tradeWatch price action before taking a trade!
Watch price action before taking a tradeWatch price action before taking a trade! Attention! Please do not exceed the margin more than 12-15% and in time move the S / L or set the TSL .
Watch price action before taking a tradeWatch price action before taking a trade!
EUR/USD made a corrective move up last week as per my previous analysis and trading forecast. I don’t see any big fundamental changes that could influence the money flow and trend. Yes, US economy has many problems. But who doesn’t? Look at the EU. Besides, even economic growth in China is slowing. All this can support dollar. However, we have to be more...
Watch price action before taking a tradeWatch price action before taking a trade!