Okay, okay, okay ... . So I've griped on occasion about trading FXE as the EURUSD proxy (no volatility, not good for premium selling, blah blah blah). But I can't help but think that I might get an another opportunity to short FXE on one of these weak dollar/risk off spikes. We're three points away in FXE, so I might get a shot ... .
Keep an eye on the...
With short term pivot high around $107.30 and a longer term range between $105-$109 although there may be some volatility i credit spread either side of this range could be a reasonable trade idea.
I was considering two alternative scenarios for the market. Initially I thought the Euro rally and equities meltdown had more merit, but after close scrutiny and being stopped out and thus having my EURUSD and USDCHF long and short invalidated, I realized that the appetite for risk was evident, had I looked at it without weighing in my risk off rally thesis so...
FXE has now hit the A=C point. Looks like it could go a little lower to hit the lower channel line. Will be watching for signs of reversal this week. Important to me as FXE moves inversely to the US dollar index which often moves inversely to the precious metals and the mining stocks.
Folks on this site seem to know a lot more about currencies than I do. But here is how the euro looks to me.
In EWT (which I recommend you NEVER use by itself) one form of consolidation in a correction is A,B,C with the B wave a 5 wave triangle a,b,c,d,e. I think that is what we likely have here. Often the C wave is some Fib relationship to A such as C=A, C=.62X...
This includes an overlay, the indicator itself, and alerts.
UCS_SQUEEZE_MOMENTUM_OPTIMIZED_OVERLAY
UCS_SQUEEZE_OPTIMIZATION
UCS_SQUEEZE_MOMENTUM-OPTIMIZED_ALERT ------------- videos.tradingview.com
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Let me know if there is any other request.
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/////// NOTE: THIS IS NOT THE MAJOR VERSION I...
Oversold daily and weekly readings are off the chart. ECB conference tommorrow could mark a S/T low.
Worth a shot or avoid all together? Seem tempting to put in a small speculative position for a quick bounce.
Here are a combination of ideas involving an inverted repeat pattern tied to a fibo time synopsis. The two Gann boxes represent the first down then up cycle with count. The count is not related to any method, just PA symmetry. The up cycle is longer but retains a fibo relation to the down cycle. The PA can be predicted to point 8, which is the end of the second cycle.
CurrencyShares Euro Trust (FXE)
-NYSEArca
Fund Summary
The investment seeks to track the price of the Euro, net of trust expenses. The fund seeks to reflect the price of the Euro. The sponsor believes that, for many investors, the shares represent a cost-effective investment relative to traditional means of investing in the foreign exchange market.
*For...
Has you can see on the chart, The euro has broken its ~ 1 year resistance. The ECB announced yesterday that they would buy UNLIMITED amount of 1 - 3 yr bonds for the next 3 months or so.
Will this be sufficient to lift the Euro long term ? Is this the beginning of end of the Euro crisis ? or this is simply another lower high ? The break is confirmed on the...
Sell short the EuroCurrency: This appears to be an inside-day which is a set-up for a short sale. Sell breaking under today's low on Monday or simply go short now with a stop over Thursday's high (or 3 average ranges or 3.5 points up from your entry). This almost euphoric rally has put the Euro right back into the HEAVY area of distribution from May through...
![FXE: Squeeze Momentum Indicator [Complete Package]](https://s3.tradingview.com/2/2y0I0MRm_mid.png "Squeeze Momentum Indicator [Complete Package]")
