honeill's Beiträge - Seite 50

EUR/USD in Erfahrene Trader Dec 04, 2014 at 09:19

Bearish downtrend continues as expected and 1.2350 was broken, reinforcing bearish momentum for the trend. Bears remain in control of the pair below the 10-day moving average, currently at 1.2425. The fundamental explanation for the bearishness on the Euro sums up nicely on the following title: “Eurozone suffers from low potential growth and weak competitiveness, while political support for reform remains limited.”

EUR/USD in Erfahrene Trader Dec 03, 2014 at 09:17

EURUSD has found renewed selling interest to start December, possibly driven by much stronger than expected US construction spending (to offset the slow start to the holiday sales season). The long-term downtrend remains firmly bearish but we will wait to establish a new short until key support at 1.2350 is broken to confirm the bearish momentum.

EUR/USD in Erfahrene Trader Dec 02, 2014 at 09:44

Sideways action in EURUSD during yesterday session, essentially testing the 1.25 handle. The pair continues in a bearish phase, however, we stuck in the middle of the range between 1.24 and 1.25. So the wise thing to do is stay on the sidelines and simply counting down the days to non-farm payroll, which is this Friday.

EUR/USD in Erfahrene Trader Dec 01, 2014 at 09:43

EURUSD tried to rally during the session on Friday, but found resistance at the 1.25 handle, and then pullback to form a doji pattern. The pair is in sideways action waiting for a big move one way or another. A close today above the 10 day moving average could push the pair to the 50 day moving average at 1.2571 on the other hand a close below the 10 day moving average can throw the pair to Year low at 1.2357.

EUR/USD in Erfahrene Trader Nov 28, 2014 at 09:10

EURUSD fell during the course of yesterday session, as we moved back below the 1.25 handle. This pair has seriously been punched over the last several months and as a result until some change in fundamentals and technicals it will be difficult to start buying the Euro.Follow the trend, the trend is your friend. We may expect a move down to Year low at 1.2357 after all, the Euro is one of the weakest currencies right now, and the US dollar is most certainly one of the strongest as the Federal Reserve has left the quantitative easing game for good.

EUR/USD in Erfahrene Trader Nov 27, 2014 at 09:06

EURUSD initially fell during the course of yesterday session, but found enough support to turn things back around and breaking back above the 1.25 handle. With today being Thanksgiving, it’s likely that the liquidity will absolutely disappear during the US session, this pair will ultimately make most of its moves during the European session.

EUR/USD in Erfahrene Trader Nov 26, 2014 at 09:35

Most US data came in better than expected, with 3rd quarter GDP revised up to 3.9% on a 3.3% expectation.Consumer spending was also better than expected, but consumer confidence came in weaker than expected which markets fear could bode poorly for the important holiday shopping season. EURUSD has steadily climbed before and after the news, but with the long-term trend bearish and the GDP data better than expected we continue looking to get short on a rally to the underside of the former bearish channel (around 1.25).

EUR/USD in Erfahrene Trader Nov 25, 2014 at 07:21

EURUSD initially fell during the course of yesterday session, but found enough support to bounce back up from the 1.24 handle. However, this is a pair that in a strong downward trend, so we may expect some sideways consolidation and the pair should continue to stay below the 1.26 level in the foreseeable future.

EUR/USD in Erfahrene Trader Nov 24, 2014 at 09:10

EURUSD fell sharply during the course of Friday’s session, testing the 1.2350 level. If the pair can break down below 1.2350 will head down to the 1.2050 level, which is a longer-term support. Ultimately bounces are selling opportunities as the US dollar should continue to be by far the safest currency in the world at the moment.

EUR/USD in Erfahrene Trader Nov 21, 2014 at 08:30

EURUSD consolidated during the course of yesterday session, testing the 1.25 level for support. Ultimately if we can break down below the 1.25 level, we would be all bear coming in the market. A break down below the 1.25 level should send this pair to the next support level at 1.2350.

EUR/USD in Erfahrene Trader Nov 20, 2014 at 08:25

EURUSD tried to rally during the course of yesterday, but ran out of steam at the 1.26 level and fell creating a shooting star. So a move below the 1.25 level is in fact a selling opportunity in this pair that most certainly is in a strong downtrend.

EUR/USD in Erfahrene Trader Nov 19, 2014 at 07:59

The EURUSD rose during the course of yesterday session, clearing the 1.25 level with an impulsive candle. This pair continues to consolidate around the 1.25level. We are looking for reversal candles in order to start selling again as the Euro continues to underperform.

EUR/USD in Erfahrene Trader Nov 18, 2014 at 08:28

The EURUSD tried to rally to the upside, but fell rather hard and closed well below the 1.25 level near the low of the day. The resistance at 1.2577 is holding and as a result sellers step into this pair every time it rallies.The market is eventually going down to the 1.2050 region, therefore the rallies are simple selling opportunities as the US dollar should continue to be one of the safest currency around the world in the moment.

EUR/USD in Erfahrene Trader Nov 17, 2014 at 08:35

EURUSD pair initially fell during the course of the session on Friday, enough support at 1.24 to turn things back up and gain sufficient momentum to break and close above the 1.25 level. This is a very bullish looking candle and as a result the pair should continue to go higher for the short-term. Ultimately though there is plenty of resistance to the up side and it’s likely that this pair in the mid-term will resume is downward trend.

EUR/USD in Erfahrene Trader Nov 14, 2014 at 07:29

With Eurozone inflation release relatively overlooked by markets, focus for the Eurozone instead turned towards the ECB professional forecaster survey. In terms of their outlook, they slashed their GDP and inflation forecasts for 2014, 2015 and 2016, with fixed income and equity markets responding in a manner that suggested this furthers the call for additional stimulus measures.However, thereafter the pair traded in a relatively range bound manner with little else on offer to dictate the pairs price action. Looking ahead, all eyes will be on tomorrow’s slew of GDP releases from the Euro...

EUR/USD in Erfahrene Trader Nov 13, 2014 at 07:36

EURUSD pair initially tried to rally during the course of yesterday session, but found enough resistance of the 1.25 level to turn things around and close near the low of the day creating an inside day. It appears that the pair is ready to continue moving lower ultimately reaching the 1.2050 level which is a “round-trip” for the entire uptrend, although it will be rather choppy all the way down there.

EUR/USD in Erfahrene Trader Nov 12, 2014 at 07:32

Bearish momentum drops, EURUSD moved in a tight range under 1.2500 yesterday, creating a sideways consolidation pattern. I still remain bearish on the Euro and bullish on the USD, though oversold conditions and a relatively light news week up until Friday could keep us from seeing another major move downward (and possibly even mild upward correction). A sustained break below 1.2400 is needed to increase bearish momentum once again.

EUR/USD in Erfahrene Trader Nov 11, 2014 at 07:39

Lower lows and lower highs are keeping the downtrend alive for the EURUSD, though larger swings on the hourly charts indicate momentum is slowing above 1.2360. We remain bearish on the pair though traditionally strong US stock performance has led to Euro gains, and with the stocks rallying this could put some pressure on USD bulls.

EUR/USD in Erfahrene Trader Nov 10, 2014 at 07:34

EURUSD pair fell hard during the session on Friday, breaking down below the 1.24 level. Looks like the bears are in complete control and the pair should continue to move lower. We have a longer-term support of 1.2050, so selling the rallies between here and there will offer some risk/reward opportunities.

EUR/USD in Erfahrene Trader Nov 07, 2014 at 08:27

EURUSD fell during yesterday session to fresh Year lows at 1.2363. It appears that the market should continue to move lower, aiming for the 1.2050 level which is our longer-term support. Rallies at this point should be selling opportunities as EURO should continue depreciating f against the greenback.

EURUSD	1.12858	GBPUSD	1.32946	AUDUSD	0.63782
USDJPY	145.21	USDCAD	1.38157	USDCHF	0.83187

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