EUR/USD
Member Since Jun 08, 2014
454 posts
Feb 17, 2015 at 17:29
price has rebounded from a strong resistance line 1.14400 lets see if it will break the support 1.13800.
Feb 17, 2015 at 19:11
EUR/USD retreated yesterday following the lack of understanding in the talks between Greece and the euro zone on a new financing agreement for Greece.
With the EUR / USD trading laterally we can consider the short-term trend neutral.
The trend of medium and long term is still downward since the EUR / USD is proving lower minimum and maximum below both moving averages 50 and 200 days.
R3 - 1.15243
R2 - 1.14764
R1 - 1.14146
Daily Std. Pivot - 1.13667
S1 - 1.12570
S2 - 1.12570
S3 - 1.11952
With the EUR / USD trading laterally we can consider the short-term trend neutral.
The trend of medium and long term is still downward since the EUR / USD is proving lower minimum and maximum below both moving averages 50 and 200 days.
R3 - 1.15243
R2 - 1.14764
R1 - 1.14146
Daily Std. Pivot - 1.13667
S1 - 1.12570
S2 - 1.12570
S3 - 1.11952
Member Since Jul 10, 2014
1117 posts
Feb 17, 2015 at 19:18
The EUR/USD range continues. I doubt we'll see any change before tomorrow when FED will release the minutes from the FOMC meeting.
Member Since Nov 11, 2012
271 posts
Feb 17, 2015 at 22:58
(edited Feb 17, 2015 at 23:01)
Relative strengths of major currency pairs based on Instituitional and reltail positions held......
EUR: Bullish by 10.13%
GBP: Bullish by 1.75%
AUD: Bearish by 17.58%
USD: Bearish by 11.55%
Strong bullish outlook for EUR/AUD pair. Getting support at 61.8% retracement level.
EUR: Bullish by 10.13%
GBP: Bullish by 1.75%
AUD: Bearish by 17.58%
USD: Bearish by 11.55%
Strong bullish outlook for EUR/AUD pair. Getting support at 61.8% retracement level.
antariks1@
Member Since Nov 21, 2011
1718 posts
Feb 17, 2015 at 23:01
takechance posted:
Relative strengths of major currency pairs based on Instituitional and reltail positions held......
EUR: Bullish by 10.13%
GBP: Bullish by 1.75%
AUD: Bearish by 17.58%
USD: Bearish by 11.55%
Strong bullish outlook for EUR/AUD pair
What is this???? (ratio?)
Member Since Nov 11, 2012
271 posts
Feb 17, 2015 at 23:02
Dont go by absolute figures. They are relative comparisons.
antariks1@
Member Since Apr 14, 2014
230 posts
Feb 17, 2015 at 23:44
Abdul2012 posted:
If the pair broke above 1.1450, it will go up to 1.1500 and more.
The pair did not break above 1.1450, still in correction movement as economic data showed continued improvement in the eurozone.
Member Since Apr 08, 2014
1141 posts
Feb 18, 2015 at 09:46
EURUSD initially fell but found enough support at Mondays low at 1.1319 to turn around and close in the green near the high of yesterday session, ultimately squeezing the 1.14 level. The pair is essentially grinding in a sideways move waiting for an agreement on an extension to Greece's bailout package.
"I trade to make money not to be right."
Feb 18, 2015 at 17:04
honeill posted:
EURUSD initially fell but found enough support at Mondays low at 1.1319 to turn around and close in the green near the high of yesterday session, ultimately squeezing the 1.14 level. The pair is essentially grinding in a sideways move waiting for an agreement on an extension to Greece's bailout package.
Excellent analysis, i agree with that, thank you.
Member Since Jun 08, 2014
454 posts
Feb 18, 2015 at 17:33
On the 4 hour chart the price keep dropping from a certain point which cannot break on 16th of February price rose after a potential hammer and yesterday price fell after a strong doji. the pair is forced the to trade in sideways until a strong signal can decide the upcoming trend.
Member Since Jul 10, 2014
1117 posts
Feb 18, 2015 at 20:34
Not even FED releasing the FOMC minutes could provoke enough volatility to cause EUR/USD range break out. For how much longer will range continue, I wonder.
Feb 18, 2015 at 20:54
victoriajensen posted:
Not even FED releasing the FOMC minutes could provoke enough volatility to cause EUR/USD range break out. For how much longer will range continue, I wonder.
Until Greece situation get clear my dear...
THIS IS A MARATHON, NOT A SPRINT.
Member Since Oct 08, 2011
137 posts
Feb 18, 2015 at 21:03
victoriajensen posted:
Not even FED releasing the FOMC minutes could provoke enough volatility to cause EUR/USD range break out. For how much longer will range continue, I wonder.
A trading range often starts and ends with a doji bar.
A doji bar has similar open and close prices.
The price difference cannot be more than 3 pips.
Today's bar is Nr. 17 in congestion. If today's bar turns into a doji, it may be an indication that the congestion is over and prices may start trending again as I have posted a couple of days ago.
The major buy-stop formation on the weekly chart is still in place.
"a little bit of knowledge is a dangerous thing"
Member Since Nov 11, 2012
271 posts
Feb 18, 2015 at 22:09
Relative strengths of major currency pairs based on Instituitional and reltail positions held......
EUR: Bearish by 0.77% (almost neutral)
GBP: Bullish by 20.68%
AUD: Bearish by 26.27%
USD: Bearish by 10.2%
Strong bullish outlook for GBP/AUD pair. 50% retracement zone can be good place to go long on this pair.
EUR: Bearish by 0.77% (almost neutral)
GBP: Bullish by 20.68%
AUD: Bearish by 26.27%
USD: Bearish by 10.2%
Strong bullish outlook for GBP/AUD pair. 50% retracement zone can be good place to go long on this pair.
antariks1@
Feb 18, 2015 at 22:55
EUR / USD rebounded on Tuesday, came up to the level of the first resistance 1.1430 (R1), and retracted slightly.
While the pair are trading laterally between 1.1299 (S2) and 1.1463 (R2), the short term trend remains neutral.
The larger trend is still downward.
R3 - 1.15120
R2 - 1.14637
R1 - 1.14300
Daily Std. Pivot - 1.13817
S1 - 1.13480
S2 - 1.12997
S3 - 1.12660
While the pair are trading laterally between 1.1299 (S2) and 1.1463 (R2), the short term trend remains neutral.
The larger trend is still downward.
R3 - 1.15120
R2 - 1.14637
R1 - 1.14300
Daily Std. Pivot - 1.13817
S1 - 1.13480
S2 - 1.12997
S3 - 1.12660
Member Since Apr 14, 2014
230 posts
Feb 19, 2015 at 02:50
We are still waiting for some big news from Greece, while the Euro is back to range against the dollar. So far we have received nothing but lack of progress, however report says Greece will formally ask for an extension to their bailout today, let's see.
Member Since Apr 08, 2014
1141 posts
Feb 19, 2015 at 09:56
EURUSD initially fell during yesterday session, but found enough buying pressure at the 10-day moving average to turn things back around and close near the high of the day. The pair continues to consolidate in a very choppy environment waiting for Athens to agree in a bailout deal.
"I trade to make money not to be right."
