Based On: Structure, Fibonacci levels, Channel, Stochastics, RSI, Momentum.. IF EUR/USD Reaches 1.3648. Economic Calendar events will effect this heavily, i am looking forward to a volatile day (TODAY:EUR Interest Rate, Decision, ECB Press Conference, US Nonfarm Payrolls, US Unemployment Rate, ISM Non-Manufacturing PMI ) If these events will be positive...
Out of sheer demand for more short term analysis, I thought I would take a few minutes & dissect the 15m chart today. Just so you all understand, my personal holdings are relatively limited and because of this fact I am trading my account off the higher time frames. Full disclosure - I am currently still long 1/3 of my buy at $459 per my published posts and don't...
Hello all, it has been a while since I have been thinking of being long Bitcoin but recent fundamental and technical events have pushed me to the point of at least sticking my proverbial toe in the water. From the fundamental perspective, the latest Chinese Bitcoin ban seems to have changed the crypto-currency's complexion. The removal of Chinese speculative...
EURUSD is a very mechanical pair, reacting to macroeconomic situation and sharp on political statement. Baring in mind the situation of indicators and the picture, we may be on the eve of a formation of a double bottom. Political situation in Europe, recent statements of ECB President Draghi , statements that had an effect on the market but on a long run, no one...
Notes on chart. 1.4 is a very nice round number and surely there should be good sell orders sitting there. For now, a retest (IF there will be one) to 1.38 should be a safe bet to long targeting 1.40. Watch for ECB official's comments when Euro reaches 1.4 Focusing on longs for the moment
Looking at JO the recent strength in looks super bullish. Eventhough im proposing the alternate idea of a double top, I still think the bullish trend is intact. However, i can't help but to think about the downside risk. I believe coffee needs to consolidate, either though price ( a sell off) or through time (sideways movement.) I don't feel comfortable going...