During the Thursday session, we witnessed the failed attack on the resistance level of 1.0945. The supply side decisively taken the lead and consequently led to return inside the channel succession. Minimum fell below Thursday's opening at 1.0834. Ahead of us the last session of the week, which may give an answer as to the further direction of EURUSD in the...
Wednesday's session took place under the dictation of the demand side, which in the first part of the day we defend support at 1,08-1,0810. Then, as expected, demand led the counterattack towards the upper limit of the downward channel. Maximum recorded at the level of 1.0883. Thursday is another day where we do not have too many macro data. In the afternoon it...
Continuation of the past Impulse !!!
The situation in the most important currency pair failed despite breaking above resistance at the 1.0940 level has not changed. Demand side only reached the level 1.0971 and then supply systematically pushed euro-dollar exchange rate to lower price levels. Minimum fell to 1.0847 level. On Tuesday, we do not have any data on the calendar macroeconomic and this...
We can talk about all fundamental factors and how they can effect the bond prices and so on... But this monthly chart look like traditional Elliott wave pattern from the book. Now we see major impulse pattern have finished the 3 (blue) wave and shown first corrective wave. If the ECB will make unexpected moves it could force the last corrective wave down. There is...
We can see possible pivot zone at price 111.5 almost matched with all time high and low Fibonacci 50%. It is like the magnet and support / resistance for the price. If we take the distance between previous major highs the ongoing time period of same 106 month going to an end in 2016-04-01. Market is not always unfold into same length periods, but we can see some...
EURJPY Back to Bankers Spread Zone!!
EURUSD a continuation of the MM Buy Zone FX:EURUSD
Never sell into resistance wait for a break of structure as stated blue shaded box.
Hi everyone, its been a long Christmas, and I hope you all had a great one! Sorry about the lack of uploads and still will be away for another week! I am posting a chart to show a potential setup, so feel free to take a need to use it for your analysis! Have a great day, and all the best in your trading! CharlieFX
Ahead of us the most important week of the year due to a Fed that at the next meeting (15-16 December), has decided to commence a series of increases in interest rates and present to forecast further rises in 2016. Investors in particular will await a press conference, Janet Yellen, which will take place 30 minutes after the Fed meeting. At the moment, the chances...
Although we have a weak consolidation zone marked in triangle has given us a clue thats the zone where the demand is, where we would meet the buyers again possibly. The key thing to understand the zone is that, count the bars or lets say the time it spend around the zone, the less the time it spends the more potential it becomes. To confirm the demand trading, I...
Is in the range zone. *** Wait for more conformation *** Trade save.
Strong Structure Based Sell Zone on Eurjpy Strong previous Structure Resistance
BUY: new high, break of 248 TP: along the targets up to 281 SELL: break of black trend line & failure to break 248 TP: around 232.5 - 235 / Build a new long position from there. HOLD: if you are long, the break of the C&H neckline indicated that price will try to reach the C&H target 256-258 A break of 248 would indicate that...
During Thursday's session we have witnessed, gave attacking the demand side. From the daily minimum (1.1136), demand led to growth in the area around support levels, noting 1,12-1,1215 high of 1.1208. Largely thanks to Thursday's gains were weaker economic data from the US. (Applications for unemployment benefits were at 277 thousand. Against a forecast of 270...