EURUSD bounced pretty quick from the lows off 1.1320s , Now we have been hoovering around the Top resistance area of 1.1400/50 . This major resistance has been problematic for EURUSD in the last 2 weeks . My thoughts: If and only if the EURUSD recovery continues and the US Dollar collapse then we are heading to 1.1506 area otherwise we are still below 200-SMA ...
Completed Trades that have been entered during the downswing and now the upswing and then ??????? 1. SELL at around 1.1375 and exit at 1.1302 --Compeleted Oct. 29th 2. BUY at around 1.1311 and exit at 1.1407 -- Completed Nov 1st 3. Current Trade: SELL at 1.1411 and my exit will be at 1.1335 ( i will tighten stops in case it goes against my analysis ) , my...
DXY -- LONG ( Long-Term 6 to 36 Months ) . The chart explains it as per the Big boys analysis. The general consensus is that US Dollar will continue to out-perform other currencies , so my perspective is that in general the BIG BOYS are LONG USD unless that changes and conditions flip then we go short . NOTE: we are traders not investors , we care less...
There is now high probability that we might test 1.1298 Area again due -- Germany politics -- Italy Budget Drama -- BREXIT negotiations -- US Dollar (DXY) Strength
EURUSD do we go long or Short from here EURUSD broke through 1.1400 to 1.1335 and then reversed today even with great US GDP Q3 numbers on the deck. We have touched 1.1413 so far . Has anything changed on the outlook of the EURUSD ? Nothing really -- ITALY Budget and Debt Drama is still going on -- BREXIT Drama is still on -- US Treasury Yields 10-Year ...
LONG TERM OVERVIEW ( 6 to 12 Months ) Depends on US Dollar Strength (DXY). The Bullish trend in EURUSD seems to have weakened we are in a Bearish trend . We need to close above -- 200-Day SMA, 100-Day SMA and 50-Day SMA to start defining a sustained bullish trend. we tested the top of the Descending Channel at 1.25532 and since then we have dropped to...
we have a lot in the geopolitics pipeline and very light economic news A lot of brewing geopolitics issues and some might create a lot of volatility in the markets in short term -- ITALY budget drama , Debt and Bond yield issue plus a downgrade alraedy given by the markets -- BREXIT drama with EU -- US & Saudi Arabia issue due to the journalist who...
Expectation due to following factors: -- Italy's Budget Drama -- Italy's Bond yields and 132% Debt to GDP ratio issue -- EU Economic Data for the last 3-Months have been very soft especially Germany -- BREXIT drama with EU -- Strength of the USD Dollar and US Economy ( Even though fueled by Tax cuts ) My Trade: Type: EURUSD SHORT Entry: 1.1475 to...
Price Channel which started in May 17, 2018 ----- 1.1520 to 1.1820 has held its ground for the last 4 months. Now we are back the bottom of that Channel after a total carnage of EURUSD in the last 4 trading days . What is NEXT ???????? and do you see happening ? Give your Opinion .
I expect the US Dollar ( DXY ) to turn Bearish in the coming 6 to 12 Months and drop to 91.44 Area before resuming the Bullish trend or continue the Bearish trend. The US Economy is strong but let's not forget why -- Economy growing due infused corporate Tax Cuts and increased spending which mainly went to stock buybacks and wealthy individuals . Once the Tax...
WARNING: BEARISH PRICE DIVERGENCE Higher Highs and higher Lows while price is consolidating and RSI & CCI are making Lower Highs and Lower lows Indicates reversal of DXY might be in the works, watchout . The DXY might collapse if it continues to consolidate so be on the lookout. We still expect US Dollar Strength but it seems we are starting to run out of...
The area around 95.74 has been an area of resistance for a while . This DXY seems strong enough with great economic news for US Economy, it should break it this time ? if it fails again then we go SHORT STRICT WARNING: If and only if DXY fails to break 95.74 then we go short from here otherwise we remain LONG
This week will be very interesting : We expect US Dollar strength but we know the DXY has disappointed and continued to break lower even after a rally . Can it hold this time ? 3-Hour & 4-Hour RSI & CCI are showing Extreme Oversold levels but the Daily RSI & CCI still have room to move lower for EURUSD to 1.1510/25 Area . What are our options now: well it all...
FOMC news caused a spike to 1.1800s area then back to familiar area 1.1730s WARNING: One lesson i learned when i started trading while working as an AI Quant and HFT Algo trader ( 11 years now as Quant & Trader) 1. Never under any circumstances believe or trust any FX or Technical Analyst at any cost. They are simply "trash talkers" with historical perspective...
i am going short with tight stops after a small LONG earlier . If EURUSD fails again around 1.18000s area, i am going short EURUSD SHORT ( SELL) Entry: 1.1792 to 1.1770 Exit: 1.1730 Area We also see a possible head and shoulders pattern starting to form .
US FOMC and 3rd interest Rate hike for 2018 is on Wednesday 26th September , 2018 . EURUSD has been categorically rejected strongly twice in the 1.8000s and in both cases it has dropped to 1.1730s area. So now we are back at the same area of 1.1730s and NOW WHAT ? With US Interest rate hike in the cards . i am thinking a Short (SELL) would be ideal even if the...
EURUSD Pullback is on the deck Since we have booked nice profits from 1.1680 to 1.1775 Area on a EURUSD Long , its time to look for a Pullback to test the 1.1720/50 Area . Looking for a tight Short: TRADE: EURUSD SHORT (SELL) Entry : Anywhere above 1.1760 but below 1.1780 Exit : Anywhere in the area of 1.1720/45 WARNING: The main trend is a weak...
LONG TERM ( 3 to 6 Months ) We have been expecting the EURUSD to get to a bullish ramp but we have been disappointed before. Will this time be different ? We are looking the EURUSD to break 1.1750 and head to 1.1790 before we can actually confirm the Bullish trend . Next is the 1.1815 and finally 1.1940 WARNING: The EURUSD might drop to test 1.1500s to...