There is a clear fight between BULL and Bear on the EURUSD Pair. Ichimoku shows that it is 50%-50% with a little favor for the Bear if we do observe initial signals, such as the lagging span inside the cloud and oriented downward. If Bear wins the fight, it is to confirm that ECB is not bluffing, market beleieve in a reaction of Draghi on June 4th. If Bulls...
On a weekly chart, it appears that there was a double top formation. Of course, it is the first sign, we need to see the price going down to the neck line, that would give the second clear sign and the rest will come by itself. As far as technical indicators are concerned, on a STOCH or Willam R% basis, we may appear to be overbought, but, if you bare in mind the...
However broker major lower trend line support, EURUSD continues to consolidate in a tight zone between 1.37350 and 1.36730. While a major move lower is expected, it is hard to back at present with RSI approaching oversold. A daily break and close below 1.36730 would provide conviction to entering short.
if we see on Daily chart UJ, we can see awsome wedge. if the market broke down around 100.400-100.750, i think it will go bearish .. but if didnt broke the line, let just go with this bear pattern. (just my op) if didnt break, and go up to around 104.344.. the tgt for me : 103.102 or 102.335 :)
In my view, political agenda , economic agenda and the behaviour of EURO against USD will give the direction and the impetus for USDJPY. On a purely mechanical point of view, BoJ is still printing a huge amount of Yen comparing to the calendar of FED where Yellen is still sticking to the tapering. On the Other hand, ECB President Draghi, will make his statement...
Although I remain neutral on EURUSD, Indicators show that EURO could continue to melt agains the USD. The pair has systematically broken MA16, 50 and 100. And MA16 crossed MA50. In addition, Stoch as well as MACD are still on the down side. RSI is about to come to an oversold level. But despite this, market may think that : 1-ECB PResident Draghi is not...
As forseen, Gold didn't make the break through market and analysts were expecting. Still it is for my point of view to early to enter the market, unless you are a stunt trader.
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...
FCS has been pinching since July 2011. Though I wouldn't recommend any day trading, I'll be interested to see if it can break out of the trend and bring back the bull. Please excuse the poor zoom. - - - - - All opinions expressed by Emuffn3 on this website are solely Emuffn3’s opinions and do not reflect the opinions of TradingView, or their affiliates. You should...