Welcome to Thursday's update. So far today, we have been watching the EURUSD as buyers have started to fight back after some demand crept in yesterday. We are watching the current price to see if a new continuation can confirm on the 4H chart as price continues to sit on its new fast uptrend. We can see the latest trend forming after buyer's first leg higher...
After leaving the downward channel in late May, ERUUSD has been trapped in a relatively tight zone and waiting for a push to break it, either to the downside or the upside. All depends on what Christine Lagarde says today! I think EURUSD has a bullish bias, with more room to the upside than the downside. If it breaks the upper limit, my target is 1.0930....
The euro-yen exchange rate ( EUR/JPY ) hit new year-to-date highs, surpassing the psychological level of 144, as monetary policy divergences between the European Central Bank, which has already widely telegraphed its first rate hike in over a decade, and the Bank of Japan, which remains imprisoned by an extremely dovish monetary policy, widened further. The ...
Very interesting to watch EURUSD ahead of the ECB annoucement. Can't wait to see how Christine Lagarde repeat gradualism, optionality and flexibility over and over again, ask the reporters to forgive her for quoting the script just one more time, and at the same time try to signal imminent rate hikes!! It's just gonna be FUN!! I wonder what color is she wearing...
Did take the first profit on the short I published on May 26. I moved my stop loss a bit and adjusted the Harmonic pattern to a Daily Chart to have a clearer view. Frankly, I am skeptical of hitting the 357 ish target, But I want to stick to this TA as much as possible. Will partially take profit along the way. the ECB on Thursday is what I'm looking forward to.
EURUSD bounces off an ascending support line from November 2020 amid oversold RSI during early Thursday. However, sellers remain hopeful as MACD keeps flashing bearish signals ahead of the ECB’s special meeting. The bloc’s central bank is widely expected to repeat support for easy money policies, likely extending the latest corrective pullback towards a...
Hey tradomaniacs, welcome to a new free trading-setup. Note: This is meant to be a preparation! As always we will have to wait for a confirmation! EUR/USD: Daytrade-Preparation Market-Sell: 1,20960 Stop-Loss: 1,21170 Point-Of-Risk-Reduction: 1,20810 Take-Profit: 1,20450 Stop-Loss: 21 pips Risk: 0,5% - 1% Risk-Reward: 2,50 LEAVE A LIKE AND A...
Hey tradomaniacs, welcome to new trade-idea. Note: This setup involves is a high as the ECB-news can cause everything. I personally expect the ECB to come up with a dovish statement as previous news have shown that the recovery is not as good as expected. I take this trade with a low risk as I think that big players are currently pushing price up to...
The pair has just broken out of a resistance (grey line) with a pivotal point formation ahead of ECB Interest Rate Decision Thursday 16th July. We should see higher prices in the coming days and weeks
"Dovish Draghi drags EUR/USD lower" has been one of this analyst's favorite headlines – but there is a new boss in town. Christine Lagarde has taken over the European Central Bank's presidency from Mario Draghi and now makes her first decision. *Christine Lagarde makes her debut decision as ECB president. *Investors will eye the president's performance and new...
Hey tradomaniacs, welcome to another free signal of WEEK 37 Nr. 11! IMPORTANT: Trading ahead the ECB-Conference today is risky and you should consider not to trade if you got shaky hands. Not more than 1% risk! ----------------------------- EUR/AUD: Daytrade-Opportunity Buy-Limit: 1,60137 Stop-Loss: 1,59956 Target 1:...
they will either sweep below first and reject taking out the above equal high and to my level marked 1.2400 or we take out the above level first and make the HOTW and go lower and fill in the area below 1.2290 Try and stay away from trading ECB NFP FOMC .. trust me there plenty of other days to trade. STUDY IT THOUGHT Personally i like the idea of going higher...
With ECB committed to ease in September, pressure is increasing on SNB to further cut rates towards minus 1 percent from current minus 0.75%. CHF has appreciated considerably as a safe haven move recently making higher possibility of intervention by SNB. chart structure has started to favor fall in Swiss franc in coming weeks. Further looking at SMI 20 strong...
The publication of data on employment in the US private sector from ADP was the main even. Considering that official statistics from the US Department of Labor will be published tomorrow, traders and other financial market participants are expressing interest in. Analysts had expected growth in May (140K) however, the number is + 102K, only. On the one hand, the...
Trend line, Price action, Expecting bearish movement, ECB President Draghi speaks on Wednesday , so there is a minor chance for price to go up during his speech or after. But hey traders trend line is our friend. Good luck!! Time to go to the gym for workout, need to be physically strong, it helps to become mentally strong. And i am sure you know how important it...
I am waiting to see how the initial reaction is the second rates are released. I am expecting the market to suck some sell stops at the bottom then power through. Readings on the release is hawkish and structure is bullish on EU and EJ. So, we will see! Wait and see how price reacts and get ready too buy! Good Luck!
After a breakout of the triangle we see an ABC correction, a possible retest of the breakout which should stop around 13.020 The BIG C wave might not be finished yet and price could fall until 12.8XX to finish the correction. However over 13.070 we are back in the trend, old target around 13.500 (see older posts) are still on the table.
Hi every one, Ahead of ECB meeting on tomorrow EUR USD forming nice selling opportunity @ 1.1991 to 1.2000 psychological level.