See chart. Support @ 1.2870 Resistance @ 1.30230 Can play the range ahead of tonight NFP release, as the market is likely to move sideways before the announcement.
H4 in the following chart, you can frame the performance of EURUSD from post Brexit collapse on, with Fibonacci retracements which show that the counter-movement has been pushed up to exactly half of the last week's collapse The resistance at 1,116 rejected down the pair, the listing of which is in a narrow consolidation phase enclosed between the moving average...
Today's closing price will be key to decide for monday , as price needs to close over the trend or below the trend line to draw investors in. bear in mind the fundamentals today should give you a MAAAASSIVE picture. (NONFARM PAYROLL)
Yen long positions on the futures market are at record highs and historically any high risk event to the dollar supports the Yen as investors seek to protect themselves from uncertainty. Price rejecting the 50% fib level and an interesting candle formation lead to a reasonable conclusion that further downside gains are to be made this week. Poor US news will...
US news dominates this week and therefore waiting for how price reacts at key levels is key to success. At present price has rejected new lows and is hinting at a retracement which will likely be to the 50% fib level. With that said a continuation of the downward trend cannot be ruled out with Yellen due to speak Tuesday afternoon and Carney Wednesday morning,...
As the title describes. Price got a bullish AB=CD pattern completion. We got a nice demand area and trendline support. Non Farm Payroll coming out today, so this is my toughts. Holding a few long dollar positions going into the report based on this analysis.
My next bullish target is 1.48000, given we see the right market conditions. I'm anticipating an overnight retracement and possible consolidation, followed by a reversal within the green zone drawn around the 1.4520 area, with a rally up to 1.48000.
Bearish Channel – EU hit 3. top - still bearish trend Awaiting good/better data for the USD. Anticipating the destabilization of Europe with its currency EUR. SL above first top in the bearish channel EP @ 1.06838 TP @ 1.0750 - 1.0650 - 1.0500 RRR 1.77
Junk bonds are typically just that - junk. But, the iShares High Yield Corporate has been one of those crowded trades that just do not die. After witnessing the immaculate short squeeze from 1,864, the SPX staged an impressive rebound. But as I mentioned earlier today (on my InvestFeed - link below), the SPY is looking weak, and the ADX, which measures trend...
EURUSD Non farm pay rolls analysis. If the NFP is negative for the USD we would see bullish momentum to our upside target of 1.12500 (possibly higher). If NFP is positive for USD then we can see movement down to our targets of 1.1000-1.09500. We have our safety and management levels in place which would help us determine where to enter the market. Trading the...
I have highlighted daily support areas which are confluent with Fibonacci levels. I lean towards the Bearish side, however I would not discount the Bullish targets on screen, especially with announcements from the US today. The bullish or bearish move will depend largely on price action and candlestick confirmation for me. Another reason for leaning to the...
This announcement takes precedence over other forms of technical analysis: candlestick patterns, pivot points, etc. Instead, time leading up to the announcement ( minutes before ) & the larger trend becomes critical. During this period, other forms of technical analysis (Pivot Points & Elliott Waves) take a backseat.
USDCAD VIDEO (www.youtube.com) Obviously I'll be playing the sidelines today due to the Non-Farm release, but for you longer term traders, we've broken past our B leg which means it's time to pay attention to the bearish Gartley. This particular pattern comes in at a very nice level of structure (looking left) where price consolidated in the past before a...