Similar to AUDUSD, the news this week (Thursday 15th) should aid this bias and hopefully be good the $ for this to come through.
We have yet to retest the resistance at $1950 and we also have a 78.6% retracement at the same zone.
We should wait for a 4H close around the purple zone to then zoom in and scope out a short set up.
We have just broken a resistance zone on the daily and lower timeframes, we should expect a retest before we reject / break the previous lower high (black box).
Some high impact news out for this pair Thursday, not too familiar with this pair but should the news coincide with the PA over the beginning of the week ahead, I would expect this sort of move to come...
since the idea is based on 15mn time frame, this idea is available only for one day.
let's see if the market will give me reason today
if you like the post, don't hesitate to discuss it with me or thumble up and follow me
My overall bias on EU today would be long.
Trend line is holding nicely.
There has just been a cross over on the Stoch and RSI is looking very bullish.
MACD also bullish.
Not the best time to buy now but after a reversal (off or close to the trend line) would be a good time to get in.
On a fundamental front this week Monday was a read day for the USD and for the...
Note that the $1.30 price range is a key loading point to get the momentum required to break past the 1.80 price range , If we break past here the next point of resistance would be the 2.05 . Failing to break these levels we could see a 1.30 barcode or even a 1.20 for the comming weeks.
Support at 1.11934 is holding very well there could be a possible rise in price as the support was hit and rejected last night. Price is still below the 200EMA thought which goes to show there could still be some Bearish bais, with all of the other EMAs in the correct formation for a bearish market. RSI hovers just below 50 which also shows bearish bais in this...
On this chart we can see the previous bearish trend has been beaten by the bull, a pull back to the bullish trend line has been shown but an over sell by the RSI show's we may gain a lower trend false breakthrough due to momentum from the sellers with the support being tested further.
With Total Trade Balance results coming up a bull could be hiding in the sell...
Are we noticing a sell off from the us30! I have added my analysis
4hour trendline broke and retested fib broke and retested the 50% fib with strong daily Resistance!
This is a swing trade looking at high gains!
The Michigan Consumer Sentiment Index released by the University of Michigan is a survey of personal consumer confidence in...
EURUSD is essentially in a period of consolidation, with a slight indication of a downtrend as price has just recently rejected crossing the 13EMA. This area is green will be an area that I look for possible long trades out of throughout the week.
Daily Support Zone (1.07250-1.07960)
Daily Resistance Zone (1.09745-1.10220)
Here on the NZDUSD, we have a market that has just come into a level of resistance that I will be paying attention to for short trades. This is an area that has been tested multiple times as support and could possibly be a level that this market pushes down from. This would qualify as a valid Optimal Trading Zone where I'll be lookng to short.
Read my annotations and don't gt tricked by the sneaky banks who are best friends with the media.
It's all a big mafia.
Trading was opened up to the public for one reason only... so they can steal your money!!
Trade like the institutions, if you basically do the opposite of what everyone on MyFxbook does you will probably become profitable haha..
They need you...
Daily Support created the illusion for people to go long, the stop losses just below.
Remember if you buy, your stop loss is a sell. You SELL your BUY position at a worse price!
China and Australia's economies are very tied together, due to the corona outbreak the AUD is tanking.
This added with the fuel from all the stop losses below the daily resistance zone...
So... the UK data coming out today is pretty important, if bad it increases the chance of a rate cut by the BOE, but if positive it kinda kills it! So there should be pretty big movement on the GBP if the print is better than expected or worse thane expected!
The video pretty much explains our thinking here and our trading tactic, we are long on GBPUSD and we are...
ZCash has been on the extended downtrend but with news of new partnerships on the horizon it looks like ZEC may have
a sharp move back to the upside.
Estimates Bounce Zone 0.004745 - 0.004732
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