As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1125. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.1175. TP4: R2=1.1195. Set the stoploss of these orders at breakout of S2=1.1105. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
EDIT: GRRR.. dunno why charting is coming up all messed up in publication: ^ chart above -- volume surge / RSI confirms bullish parabolic analysis. Great opportunity for EURO esp. with Boris Johnson's hard brexit looming around the corner -- if you're a patient man/woman; I'd highly recommend this entry as it will def. be a considerable amount of time...
Looking at EURODOLLAR pair for weeks even months but with the structure the market shows we are likely too kiss off this pair from short trade to long trade opportunity for a long period of time we have multiple Descending channels within Descending channels but what is more interesting tis that price printed a nice double bottom with a descending channel on...
Over all I think its time for eurusd long. Now great possibility for a long entry with a very good risk/reward. Double bottom rejection. Target could also be higher than drawn in the chart. Enjoy & ask :)
Hi guys, Be carefull with FX:EURUSD . Dont buy early. The 1,12900 resistance work very well today. We are still waiting for a breakout confirmation. A big bullish candle crossing the 200 EMA will be a perfect signal that buyers are coming on this pair. No need indicators to trade, only price action. Be simple in your plan. What is you toughts about FX:EURUSD ?
EURUSD may have temporary upside on upcoming days then expecting a final sharp drop. 2019 Bottom : ~1.06-1.07 >> expecting a long term strong bullish reversal from this range. 2021 Target : 1.35+
Fundamentals are fairly important in financial markets. Its why I spend so much time on them. This is how I came to the ultimate conclusion that the trend of EURUSD is down mainly because Brexit, updates of which you can find here: anthonylaurence.wordpress.com While economic data out of the Eurozone was somewhat favorable at the start of the week with the IFO...
The fundamentals of the Eurozone remain weak. The politics are toxic. Technically, RSI has a long way to go before oversold. Moving averages all trend down. I imagine we could reach 1.115 before a reversal to the upside. For more analysis, check out www.anthonylaurence.wordpress.com
I've talked extensively on how a no deal Brexit is more likely here: This is primarily my reasoning behind why I'm neutral to short on EURUSD in the medium- to long-term (1 to 3 months). There's plenty of other good reasons to be short EURUSD including continued weak data releases from the Eurozone, possible continuation of a recession in Italy, and potential...
The euro was one of the worst performers last Friday and continues to head into negative territory. At the weekly view, we can see that the pair is in a long bear trend while moving averages suggest this to be the case as well. Brexit only worsens this as key votes will occur today and tomorrow on whether or not the UK will be able to strike a deal with the common...
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It is time again, after all the updates of the old analysis to create a new again to keep the overview. The-euro-sticks to the trading plan but the speed might surprise some people. The vertical time sends greetings - welcome vertical markets, which will all accompany us in the next few months in various markets. Because my focus is on the higher level of the...
Should be self-explanatory.
The daily chart for the EUR/USD pretty much sums up today’s action. A big red candle is forming and downside support is coming into play. To capitalize upon the sell-off, a long position from just above the daily 62% current wave retracement is a viable entry. Here is the trade: 1)Entry: Buy 1.1611 2)Stop Loss: 1.1572 3)Profit Target: 1.1636 4)Risk vs Reward:...
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EUR/USD – Daily Resistance & Support: Resistance: 1.1800 / 1.2000 / 1.2150 / 1.2300 / 1.2800 / 1.2500 Support: 1.1500 / 1.4450 / 1.1310 / 1.1100 / 1.0800 / 1.0450 EUR/USD – Summary: Expected to commence a Bullish Sequence which could reach 1.2000 or even 1.2150 Levels Bearish Impulse expected at or around 1.2150 Levels
Will go long as it approaches that purple line at the bottom. No definite target/setup yet, will stalk carefully. Going to update here as always