Price hit the Primary TL as expected, took a nice short from 11700 catching just over 300 pips. Waiting with anticipation for the open to see where price is, looking for good long position with stops placed under 11400. The current bullish TL hasn't been broken yet since the last major sell off from last year. Indicating it will probably hold once again. Looking...
PARITY THIS SUMMER
Euro is going to go to parity likely in June, parity by end of may would be too early at this stage, but could be possible.
Why is eurusd going to hit parity so soon:
-Technical Analysis:
--Bearish Divergence on daily RSI, just like it's seen on chart
--MACD crossed, and every time this happened, Euro went down. you can see this going from...
One of my ideas for the week is to short the Euro against the Japanese Yen ahead of German GDP figures due to be released on Wednesday. This is forecast to come in worse than previously, and I believe we will still have a lot of risk flows to the Japanese Yen after the UK election, as well as problems in the Euro with Greece and an uncertain U.S. Dollar future.
I will seek entry around 1.09-1.095 after this ascending pattern forms a bearish order block to further confirm the sell off.
//
Edit: 5/3/15
My harmonic was quite off in this chart. Live and learn.
//
Edit: 4/29/15
//
Re-evaluation of position at each blue pivot point.
I have no intention to purchase in the bottom green support zone but it is about as...
Alright everyone this is a pretty crazy post because I am going to try and predict the end of the bearish EUR/USD.
USD/CAD is the one that helped me come to this analyzation and the monthly chart on the EUR/USD.
As you can see USD/CAD has been at an uptrend since 2013 and finally broke support around 1.23410 level after 11 weeks of consolidation on the weekly...
Analysis on this pair done a few weeks back, can be seen on the Globopips instagram account. EUR/AUD to go lonng term short, at least the next few weeks, Target of 1.31 lines up perfectly with historical levels of support
The 1.42 support level has been broken and the 1.38 support looks open for opportunity.
Placed my entry slightly below where it is sat just to be safe of the breakout.
Joe
Dear fellow traders !
Eurozone shows some weaknesses to keep a strong Euro. As we already know European politicians seem a bit confused about a way to fight unemployment and inflation rates at the same time. But a decreasing euro price could leads to a nice increase of external demand to European goods and stimulate exportation.
Moreover the international...
