Today we met mixed data from the Euro-zone, which in a sense has helped the supply side. (Very good fell fell PMI manufacturing index in Germany, which rose to 52.1 points. Also, the indicator for the industry in Italy got the better of 53.8 points. But on the other side found himself PMI for France, who dived to 48 points and the PMI for manufacturing in Spain at...
Another good week for the euro, which strengthened against the dollar for the third week in a row. This is a result of weaker data from the US, which last met. The strength of the euro may indicate that the euro strengthened against the dollar 7 session in a row and this is the worst run for the US dollar since 2013. However, on Friday the dollar began to gain,...
Despite the high overbought currency pair to continue further growth setting a new high of 1.1266. At the moment, we are in a zone of strong resistance, which should soon enable the supply side. Certainly the market has a chance to develop correction that its scope should arrive in around 1,10-1,1034. In the medium term should be the next wave of growth that will...
Today there has been considerable increases, which were supported by a very weak US GDP reading (0.2% vs. 1%). Part of the market has come to the conclusion that a rate hike will be reached in time. Therefore, we saw the EUR / USD at 1.1189, after having pierced the important resistance at 1.1034 and 1.1090. However, the situation turned around when we met notes...
Price just broken previous resistant zone (red box) and showing reaction to new resistant (blue box) and the price is moving down. I'm expecting this price will react to the new support zone (red box) and shoot up to resistant zone (blue box). Set your buy limit order properly inside new support zone. Expecting profit target of 600+ points.
Once again, according to yesterday's forecast currency pair recorded a new high of 1.0991. Demand side was further supported by data from the US worse (Conference Board index fell to 95.2. This is another worse US data, which show that tomorrow's meeting notes from the Fed may be dismissed in the time of a possible rate hike. Let me remind you only that the first...
Today there was a breakthrough summit in April, which resulted in the establishment of a high of 1.0928. If the dislocation of the wedge, which I pointed out in yesterday's analysis is not false, then we should see a withdrawal and then attack resistance zone, which is located between the 1,10-1,1034. Economic Calendar: Tuesday: 8:00 GfK Consumer Climate EUR in...
In the last week, the euro strengthened slightly against the dollar, despite persistent concerns about Greece. At the moment, negotiations stalled, the impasse continues virtually every point on the line Greece- negotiations the EU. In fact, after a month of negotiations, both sides of a burden to each other lack of compromise. Strong attitude of the Greek...
Although there is still room for the current drawback to expand even further up, it still has a lot of barriers before the long-term downtrend is broken. For now, the downtrend remains in force with two touches of strong support at $210-$220 that may serve as a breakdown zone. If and when the price returns to this level, we may get a quick snap to $170-$180 for...
Key data released from the US which turned out to be weaker than the market consensus and led to the strengthening of the euro. The market took this as an announcement of a delay in the increase in interest rates in the United States. Note, however, that the data were only slightly worse than the announcement, while better than previous readings. Maximum fell at...
The beginning of the week, the dollar, which once again strengthened against the euro. Led to the first market test 1.0566 support first and then saw a low of 1.0520 (1.05 support). All the time thorn in the side for the markets is the position of Greece in the negotiations, which rejects further austerity and the continuation of reforms. It seems that Greece will...
Yesterday's analysis assumed a small correction to the level of 1.08 and 1.0850 (in case of puncture of resistance). Then the course was discussed couples fall to the level of 1.07. Today we saw the test 1.08 level but eventually rate fell to 1.0637 level. Strong downward trend is due to the unclear situation in the negotiations with Greece, about which there is...
In the first part of the day we saw increases in the 1.0889 area which can be treated as an adjustment to recent declines. Around 1.09 level become active in the supply, which we defend the resistance which automatically led to declines in the vicinity of 1.08. Then the market waited for an hour 20:00 when we got to know the records of the minutes of the FOMC....
MYEC has been consolidated above the MA50 the past few sessions with low volume. After winning the best Check innovation award its time to update the chart on some supports and resistances. Support zone in the mid 0.0170's Resistance sits at 0.0220 and 0.0240 MA200 sits at 0.0233 Both the MACD and the money flow has shown positive divergence as seen in previous...
Bearish Trend could continue if we see positive NFP results for the USD, If the respected level is broken we could see a major crash in the price of Gold.
The market has been stuck in consolidation since the high of $315, and now we are waiting for another breakout in either direction. Although I'm not taking any trades until one of these two levels is broken, I think it is probable that we will test $280 resistance again, if not break through it.
Look for potential short entry and bearish evidence at highlighted zone if pullback occurs and ride it to previous low.
1.2100 is where I am waiting for Euro to find resistance and than drop to 1.1200 zone, which is also 1.618% fib. I dont know if he will go back there, but if he does will be amazing, with a very small risk and very big reward.