●● Mine scenario 🕐 1M FX_IDC:EURUSD As usual, let's start with a description of the count of the highest degree. Quite a long time ago, I gave priority to a running Contracting Triangle, presumably in the wave (x) . I don't like the ratio ② - ④ in time in the previously assumed diagonal. 🕐 1W FX:EURUSD The rise from March 2020 has a rather...
Hello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it. As we can see, the price is inside DESCENDING CHANNEL and has not break from its RESISTANCE . WAIT FOR THE BREAKOUT on downside.. Let us know your views on this in the comment section. Thank you...
Price is approaching 1st support, which is in line with our 78.6% Fibonacci retracement, 78.6% Fibonacci extension, horizontal swing low support and ascending trendline support. We could potentially see a bounce at this level and further rise up towards 1st resistance, which is in line with 61.8% Fibonacci retracement, 61.8%,161.8% Fibonacci extension and...
Latest Developments: April 15 – Employment for March saw the unemployment rate fall to 5.6% from February’s 5.8%, while employment change printed at 70.7K; although, this was largely a result of the part time component as full time employment printed at -20.8K. April 6 – At their April meeting, the RBA kept the cash rate and 3yr yield target at 0.10% and asset...
Latest Developments: April 21 – At their April meeting, the BOC kept its overnight rate unchanged at 0.25%, as expected. However, the central bank also signalled to markets that it could start hiking rates in late 2022 while also reducing the scope for its bond buying program. April 21 – Canada CPI for March increased to 2.2% Y/Y, versus a prior of 1.1%. CPI...
Latest Developments: April 20 – Spain’s coronavirus cases increased to 3,435,840 (+7,486) while Italian cases increased to 3,891,055 (+12,066) and French cases increased to 5,339,320 (+42,498). March 17 – Final HICP for February remained unchanged from January at 0.9% Y/Y; although, Core HICP was confirmed at 1.1%, compared to January’s 1.4%. March 11 – At...
Latest Developments: April 21 – CPI for March increased to 0.7% Y/Y (prior 0.4%) and printed at 0.3% M/M (prior 0.1%). Core CPI increased to 1.1% Y/Y (prior 0.9%) and printed at 0.4% M/M (prior 0.0%). April 20 – The UK’s coronavirus count increased to 4,393,307 cases (+2,524). March 31 – GDP for Q4 printed at 1.3% Q/Q and -7.3% Y/Y, revised from 1.0% and...
Latest developments: April 20 – Inflation for Q1 saw CPI Y/Y increase to 1.5% (prior 1.4%) while CPI Q/Q printed at 0.8% (prior 0.5%). March 14 – The RBNZ left its OCR unchanged at a record low of 0.25% and asset purchases at NZ$100 billion as expected. Once again, the RBNZ kept further easing on the table and reaffirmed their commitment to easy policy, stating...
The euro is still looking strong versus the usd. I’m still leaning towards the long position currently still in long position. Let’s see what it does.
1. The BOC has been one of the least dovish central banks among the majors for the past couple of months, and in March, after a batch of much better than expect economic data the banks announced a discontinuation of their market functioning purchase programs in March, which saw participants expecting the bank to taper their QE program at the April meeting. 2....
EURUSD broke on Monday area 1.1980-1.20 which nows turns to support. In addition, it broke its descending channel on daily TF which confirms its uptrend continuation.
Good morning traders, today we will do an explanatory post on how to carry out an in-depth top down analysis, that is, an analysis where we take into account multiple time-frames to generate a clear vision of the market. In this case we will apply it to the EUR/USD as it has the potential to generate an interesting upward movement in the medium term. We select...
Pattern: Channel Up on 4H (blue). Signal: Buy as the breaking of the 1.382 Fibonacci extension (former Channel Down Fib Resistance), signals a buy continuation for the pattern and invalidation of the Channel Down (similar to November-December). Target: 1.21800 (top of the High Volume Resistance Zone of 2021). Most recent EURUSD signal: ** Please...
The EUR/USD pair opened the trading week strongly as lower US yields put selling pressure on the US dollar in the early London session. Vaccination efforts in Europe and German politics (the Green Party announces their Prime Minister candidate) are also likely supporting the pair. Today's light economic calendar doesn't come with any major market reports. In the...
EURGBP after the attempt to break the monthly resistance melted below. The market went below the support area at the 0.86450 and currently retesting the 0.382 Fibonacci level. According to Plancton's strategy if the conditions will be satisfied we will set a nice short order. -–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red...
EURCAD could potentially move back to the 1.51800 area (and beyond) if the Demand zone, which was tested once before, holds for the second time around the 1.50700/800 area. A potential confirmation that the Demand zone would hold would be a combination of bullish price action (candlestick) and a relative increase in Volume (bullish pressure). Today is also a day...
An interesting and tempting situation is happening. But I wait for the candle to close daily. However, we have been given the desired confirmations for sale!
I think the price will test the resistance line again. It's more likely that we will bounce back from it and renew our lows. History shows that we shouldn't wait for a retest near to resistance. So I'll put the order in advance. Don't forget about SL. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the...