To use chat, please login.
Back to contacts
honeill (honeill)
Dec 07 2018 at 09:40
1141 posts
On yesterday session, the EURUSD initially fell with a narrow range but found enough buying pressure near 1.1321 to trim all of its losses and closed in the middle of the daily range, in addition, managed to close above Wednesday’s high, which suggests a bullish momentum.

The currency pair is trading above the 10-day moving average that should act as a dynamic support although is trading below the 50 and the 200-day moving averages, all should provide a dynamic resistance.

The key levels to watch: a daily resistance at 1.1555, a daily resistance at 1.1459, the 50-day moving average at 1.1398 (resistance), the 10-day moving average at 1.1349 (support), October low at 1.1302 (support), a daily support 1.1236, 2018 low at 1.1214 (support) and 100 Fibonacci expansion at 1.1189 (support).

"I trade to make money not to be right." |
honeill (honeill)
Dec 10 2018 at 11:11
1141 posts
On the last Friday’s session, the EURUSD went back and forward without any clear direction consequently closed in the middle of the daily range, in addition, managed to close within Thursday range, which suggests being clearly neutral, neither side is showing control.

The currency pair is trading above the 10-day moving average that should act as a dynamic support although is trading below the 50 and the 200-day moving averages, all should provide a dynamic resistance.

The key levels to watch: a daily resistance at 1.1555, a daily resistance at 1.1459, the 50-day moving average at 1.1391 (resistance), the 10-day moving average at 1.1364 (support), October low at 1.1302 (support), a daily support 1.1236, 2018 low at 1.1214 (support) and 100 Fibonacci expansion at 1.1189 (support).

"I trade to make money not to be right." |
alexforex007
Dec 11 2018 at 00:21
774 posts
The 55 day EMA on the EURUSD is still acting as a good resistance zone with the price leaving behind a false breakout. The EURUSD falls to the 1.1353 level and it could drop to the 1.1300 zone.

YueWang
Dec 11 2018 at 07:53
66 posts
Elliottwave Analysis: AUDNZD, Long at spot

AUDNZD cloese below the long term uptrend line.
But further downside maybe limited from both fundamental and technical perspective.
To the downside, 1.0413/ 1.0374 ideally hold the price and turn the trend higher again.
Daily close above 1.0617 should be the first trend reversal sign.

AUDNZD Trade Idea: (Spot 1.0468)
Buy @ markert SL 1.0350 Take Profit @ 1.0580




Attachments:


http://forexsignal.love/aggressive-trend-scalper-ea/ 5 days' trial period is available. Welcome to backtesting!
YueWang
Dec 11 2018 at 09:02
66 posts
AmrSa posted:
YueWang posted:
AUDNZD: up trend eroded, but downside maybe limited from here?




No, AUDNZD will continue in his downtrend. On the monthly chart, he created a symmetrical triangle then broke its bottom. He will continue in its downtrend and the first support at 1.01694


I think 1.0374, 1.0261 ideally hold any weekness and turn the trend higher again. Should it broken, would no doubt expose 1.0169/46 cycle lows. 😄

http://forexsignal.love/aggressive-trend-scalper-ea/ 5 days' trial period is available. Welcome to backtesting!
honeill (honeill)
Dec 11 2018 at 11:31
1141 posts
On yesterday session, the EURUSD initially rose with a wide range but found enough selling pressure near 1.1442 to reverse and closed near the low of the day, in addition, managed to close below Fridays’ low, which suggests a strong bearish momentum.

The currency pair closed shy below the 10-day moving average that should act now as a dynamic resistance although is trading below the 50 and the 200-day moving averages, all should provide a dynamic resistance.

The key levels to watch: a daily resistance at 1.1555, a daily resistance at 1.1459, the 50-day moving average at 1.1387 (resistance), the 10-day moving average at 1.1358 (resistance), October low at 1.1302 (support), a daily support 1.1236, 2018 low at 1.1214 (support) and 100 Fibonacci expansion at 1.1189 (support).

"I trade to make money not to be right." |
honeill (honeill)
Dec 12 2018 at 10:11
1141 posts
On yesterday session, the EURUSD initially rose but found enough selling pressure near the 50-day moving average at 1.1385 to reverse and closed near the low of the day, in addition, managed to close below Mondays’ low, which a strong bearish momentum.

The currency pair traded below the 10, 50 and the 200-day moving averages and all should provide a dynamic resistance.

The key levels to watch: a daily resistance at 1.1555, a daily resistance at 1.1459, the 50-day moving average at 1.1380 (resistance), the 10-day moving average at 1.1353 (resistance), October low at 1.1302 (support), a daily support 1.1236, 2018 low at 1.1214 (support) and 100 Fibonacci expansion at 1.1189 (support).

"I trade to make money not to be right." |
YueWang
Dec 12 2018 at 11:06
66 posts
Intraday Elliottwave Analysis: EURUSD, Lower stop loss, We stay short

EURUSD is consolidated in the triangle.
Price already closed back below daily Ichimoku Kijun-Sen.
We hold tactical short position from 1.1365, lower stop loss level to 1.1480, limited risk.
DXY is already near 161.8% projection target of a 5 wave rally, but no top sign yet.
Enough patience is needed at current stage.
However, unless we find a clearly reversal sign, we have no reason to directly trade against the major trend.
If the downtrend could resume, today EURUSD ideally one touch or close below 1.1285.
Daily close above 1.1343 will be the first recovery sign.

Intraday Trade Idea: (Spot 1.1331)
Sell Latentinterest Order: 1.1351




Attachments:


http://forexsignal.love/aggressive-trend-scalper-ea/ 5 days' trial period is available. Welcome to backtesting!
honeill (honeill)
Dec 13 2018 at 11:15
1141 posts
On yesterday session, the EURUSD rallied with a narrow range and closed near the high of the day, however, closed within Tuesdays’ range, which suggests being slightly on the bullish side of neutral.

The currency pair closed shy above the 10-day moving average that should act now as a dynamic support although is trading below the 50 and the 200-day moving averages, all should provide a dynamic resistance.

The key levels to watch: a daily resistance at 1.1555, a daily resistance at 1.1459, the 50-day moving average at 1.1377 (resistance), the 10-day moving average at 1.1361 (support), October low at 1.1302 (support), a daily support 1.1236, 2018 low at 1.1214 (support) and 100 Fibonacci expansion at 1.1189 (support).

"I trade to make money not to be right." |
YueWang
Dec 14 2018 at 11:41
66 posts
AUDNZD: Profit target met at 1.0580, neutral for now.

Below 1.0617/49, further downside toward 1.0374/1.0261 still could not be ruled out.

We'll look for better opportunities next week.



Attachments:


http://forexsignal.love/aggressive-trend-scalper-ea/ 5 days' trial period is available. Welcome to backtesting!
Please login to comment .