Recommendations: SHORT positions below 1.3862 with 1.3810 & 1.3780 as next targets.
Alternative scenario: The upside breakout of 1.3862 will call for a rebound to 1.3900/30.
Description: Intraday outlook in EURUSD remains on the downside as long as resistance 1.3862 holds on hourly basis, support comes at the 1.3807 levels , a break would open 1.3780 next, further downside will aim the 1.3740 levels. On the upside , a…Continue
Added by Haitham653 on April 16, 2014 at 7:34am — No Comments
"The big question whether a countertrend rally top is already in place at 1.3967 remains unanswered for the time being. The prospects of this being the case are however remaining good as long as 1.3898 (minor 76.4 %) is not broken decisively. That said and in order to confirm the countertrend rally top, it takes…Continue
Added by Daologic on April 14, 2014 at 1:30pm — No Comments
"FX Set-up: Draghi—Keeping the Threat Alive…Continue
Added by Daologic on April 14, 2014 at 12:00pm — No Comments
"From the Spot Desk
Added by Daologic on April 14, 2014 at 12:00pm — No Comments
Interestingly, the EURUSD is moving up with US bonds and not falling with the S&P. At the moment we do not see any shift of that EUR uptrend so we will continue to look higher. Pair however gaped lower, but most likely only pulling back within a corrective retracement. 1.3790/1.3800 looks like a nice technical support from where uptrend may resume.
EURUSD 1h Elliott Wave Analysis…
Added by Gregor Horvat on April 14, 2014 at 10:33am — No Comments
ECB President Draghi took clear aim at the EUR on Saturday by remarking that “a further strengthening of the exchange rate would require further stimulus”. The comments came following the spring meetings of the IMF and World Bank.…Continue
Added by Daologic on April 14, 2014 at 8:00am — No Comments
A drop under short-term support at 1.3870 should see the EUR ease back to 1.3775/00 at least.
EURUSD is again testing the waters above long-term trend resistance of the 2008 peak after rebounding from weekly channel support at 1.3695. Gains may well be constrained by stronger (more recent, more…
Added by Daologic on April 14, 2014 at 5:00am — No Comments
"The EUR remains reluctant to yield ground
The buoyancy of EUR/USD has been a theme that has wrong-footed many investors over the past two years. While we anticipated that USD weakness would allow EUR/USD to remain well supported in 2013, more recently we have been arguing that the improvement in US…Continue
Added by Daologic on April 12, 2014 at 5:00am — No Comments
“It is the change in the major trend that hurts most speculators”. Jesse Livermore 1877-1940 Speculator and stock trader.
April 11th. The S&P turned lower again, breaking support at the bottom of a rising channel set from mid-February and the 38.2% Fibonacci…Continue
Added by Gary on April 11, 2014 at 9:46am — No Comments
EURUSD moved even higher yesterday, up to 1.3870 which makes first impulse from the low more extended than firstly anticipated which just confirms the fact of a very strong bullish sentiment. However, nothing moves in straight line, pullbacks will always occur, and the first deeper one could already be unfolding. We may see wave (ii) retracement back to 1.3780 region before uptrend resumes. In either way trend is now clearly bullish as long as 1.3671 stays in place, while any downward…Continue
Added by Gregor Horvat on April 10, 2014 at 9:34am — No Comments
“Just like in poker, where you have to know which hands to bet on, in trading you have to know when the odds are in your favour”. Victor Sperandeo, trader & author.
Today's video is a strategy session on drivers of the USD.
April 10th 2014 . The Yen decline found…Continue
Added by Gary on April 10, 2014 at 9:30am — No Comments
"EUR – what crisis?
Looking ahead, we expect the EUR to retain its resilient tone, even though there is a risk that…Continue
Added by Daologic on April 10, 2014 at 9:30am — No Comments
“If you have a losing position that is making you uncomfortable the solution is very simple; get out.” Paul Tudor Jones, hedge fund manager.
April 9th 2014 – Yesterdays dramatic sell off in USDJPY once again brings us right back into an area where we begin talking about the 200 period…Continue
Added by Gary on April 9, 2014 at 9:30am — No Comments
The EURUSD maintained a bullish momentum yesterday , printed support at the 1.3736 levels , and topped at the 1.3810 levels . This development leaves the pair targeting the 1.3845 levels , a halt is likely , but a break would open 1.3900 next, further upside will aim the 1.3996 levels.
On the downside , main support comes at the 1.3736 levels , stability above this level will keep pushing to the upside , but losing the 1.3736 levels on a daily closing basis will open 1.3694 levels…Continue
Recommendations: SHORT positions below 1.3805 with 1.3750 & 1.3720 as next targets.
Alternative scenario: The upside breakout of 1.3805 will call for a rebound to 1.3827/45.
Description: Intraday outlook in EURUSD remains on the downside as long as resistance 1.3805 holds on hourly basis, support comes at the 1.3750 levels , a break would open 1.3720 next, further downside will aim the 1.3690 levels. On the upside , a…Continue
"FX Set-up: EUR Fades ECB-induced Weakness…Continue
Added by Daologic on April 8, 2014 at 11:30am — No Comments
"Trading Strategy | Continue to look for opportunities to accumulate dollars as the data challenge the Fed's push back on higher market interest rates. Add GBP/USD shorts to existing USD/CHF longs on evidence of widening imbalances and slowing UK growth. Stay short EUR/USD after last week's soft Euro area CPI report and dovish ECB. Add on a break of 1.3645. Square tactical long USD/SEK exposure ahead of this week's Riksbank meeting, but…Continue
Added by Daologic on April 7, 2014 at 12:30pm — No Comments
“In Trading, just as in archery, whenever there is effort, force, straining, struggling, or trying, it’s wrong. You are out of sync; you are out of harmony with the market” Charles Faulkner, motivational speaker and trader.
April 7th 2014 – Last week was quite a week for currencies…Continue
Added by Gary on April 7, 2014 at 10:58am — No Comments
EUR/USD – Post-ECB price action saw a medium-term Head and Shoulders triggered on the daily chart as well as forming a three-line strike candlestick pattern. Measuring targets from the pattern are 1.3550 and 1.3450. This type of pattern is usually accompanied by a return move to the neckline,…Continue