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EUR/USD
Miembro desde Nov 12, 2010
posts 174
Jan 29, 2015 at 09:53
Miembro desde Nov 12, 2010
posts 174
With it breaking through 1.13100, I decided to buy and see how high it will go. Didn't seem to be able to break through 1.1255 at this time and with German data doing ok, it seems to be holding the downtrend in check.
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Miembro desde Oct 08, 2011
posts 137
Jan 29, 2015 at 10:05
Miembro desde Oct 08, 2011
posts 137
sherifFares posted:
if price fell under yesterday's low I am going to go short to 1.22
When prices trade through the low of yesterday by at least 1 pip (which they have), then the high from yesterday and the high from Tuesday become a major buy-stop entry price (either high + 1 pip)
This is only valid, if the low from Monday is not violated. Prices must stay 1 pip above the low from Monday.
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Miembro desde Apr 08, 2014
posts 1141
Jan 29, 2015 at 11:03
Miembro desde Apr 08, 2014
posts 1141
EURUSD fell during yesterday session in a typically digestion day with a narrow range day that created an inside day. The pair fell 6.41% since the star of the year and closed near the low of the day. Stochastic is showing a slight bullish momentum and a close above the 10 day moving average could signal a stronger bullish correction.
"I trade to make money not to be right."
Miembro desde Nov 12, 2010
posts 174
Miembro desde Jul 10, 2014
posts 1117
Jan 29, 2015 at 18:41
Miembro desde Jul 10, 2014
posts 1117
Consolidation continued today for the EUR/USD in the form of a narrow range. The pair has been testing the support around 1.1280 but couldn't break below it. There's very little volatility at the moment and that might continue until next week.
Jan 29, 2015 at 21:34
Miembro desde Apr 09, 2014
posts 834
victoriajensen posted:
Consolidation continued today for the EUR/USD in the form of a narrow range. The pair has been testing the support around 1.1280 but couldn't break below it. There's very little volatility at the moment and that might continue until next week.
I agree with you, eur/usd is back to 1.13 level after testing 1.1280, correction continues.
Jan 29, 2015 at 21:44
Miembro desde Jun 08, 2014
posts 413
honeill posted:
EURUSD fell during yesterday session in a typically digestion day with a narrow range day that created an inside day. The pair fell 6.41% since the star of the year and closed near the low of the day. Stochastic is showing a slight bullish momentum and a close above the 10 day moving average could signal a stronger bullish correction.
I agree with you that the correction getting strong, thank you.
Jan 29, 2015 at 22:11
Miembro desde Jun 07, 2011
posts 372
EUR / USD fell yesterday and fell below 1.1300.
The short-term momentum indicates the downward path.
The RSI has moved downwards after finding resistance at line 50 and the MACD, already below its zero line, seems to cross below its signal line.
The EURUSD is trading below the moving averages 50 and 200 periods, the medium-term trend remains downward.
R3 - 1.14594
R2 - 1.14208
R1 - 1.13528
Daily Std. Pivot - 1.13142
S1 - 1.12462
S2 - 1.12076
S3 - 1.11396
The short-term momentum indicates the downward path.
The RSI has moved downwards after finding resistance at line 50 and the MACD, already below its zero line, seems to cross below its signal line.
The EURUSD is trading below the moving averages 50 and 200 periods, the medium-term trend remains downward.
R3 - 1.14594
R2 - 1.14208
R1 - 1.13528
Daily Std. Pivot - 1.13142
S1 - 1.12462
S2 - 1.12076
S3 - 1.11396
Miembro desde Oct 11, 2013
posts 775
Miembro desde Jul 10, 2014
posts 1117
Jan 30, 2015 at 12:05
Miembro desde Jul 10, 2014
posts 1117
The EUR/USD narrow range continued today and any big changes are unlikely to happen before Monday. I think the target of this consolidation is likely around 1.1450 but what will follow next depends on whether the pair will manage to break above that level.
Miembro desde Jun 08, 2014
posts 454
Jan 30, 2015 at 13:38
Miembro desde Jun 08, 2014
posts 454
victoriajensen posted:
The EUR/USD narrow range continued today and any big changes are unlikely to happen before Monday. I think the target of this consolidation is likely around 1.1450 but what will follow next depends on whether the pair will manage to break above that level.
I am agree the range is narrow and price is not moving
Miembro desde Apr 08, 2014
posts 1141
Jan 30, 2015 at 15:00
Miembro desde Apr 08, 2014
posts 1141
It’s been a fundamentally eventful start to the year for the global economy’s central banks – the SNB removing its peg, the ECB announcing a 1.1 trillion euro stimulus package, and now Yellen privately hinting to US lawmakers that a rise in interest rates might not come as soon as the markets expect. The technicals, as usual, reflect this recent uncertainty in the form of a triangle consolidation pattern (pennant) over the course of the week.
I remain technically bearish on the pair under its 10-day moving average (it has been under this level since mid-December) at 1.1350, though we really need a break above 1.1450 (above the 61.8% retracement level) to confirm the medium-term downtrend has ended.
I remain technically bearish on the pair under its 10-day moving average (it has been under this level since mid-December) at 1.1350, though we really need a break above 1.1450 (above the 61.8% retracement level) to confirm the medium-term downtrend has ended.
"I trade to make money not to be right."
Jan 30, 2015 at 19:00
Miembro desde Jun 08, 2014
posts 413
honeill posted:Excellent analysis, thank you.
It’s been a fundamentally eventful start to the year for the global economy’s central banks – the SNB removing its peg, the ECB announcing a 1.1 trillion euro stimulus package, and now Yellen privately hinting to US lawmakers that a rise in interest rates might not come as soon as the markets expect. The technicals, as usual, reflect this recent uncertainty in the form of a triangle consolidation pattern (pennant) over the course of the week.
I remain technically bearish on the pair under its 10-day moving average (it has been under this level since mid-December) at 1.1350, though we really need a break above 1.1450 (above the 61.8% retracement level) to confirm the medium-term downtrend has ended.
Miembro desde Nov 12, 2010
posts 174
Jan 30, 2015 at 23:06
Miembro desde Nov 12, 2010
posts 174
So I am in a Buy Position and holding over the weekend for E/U. What does everyone else have for trades and/or think what direction it will go short term at the beginning of next week. Long term I see more bearish movement, but took a chance with some short term upward movement at the beginning of the week before news hits.
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Miembro desde Apr 14, 2014
posts 230
Jan 31, 2015 at 08:41
Miembro desde Jul 22, 2014
posts 36
honeill posted:
It’s been a fundamentally eventful start to the year for the global economy’s central banks – the SNB removing its peg, the ECB announcing a 1.1 trillion euro stimulus package, and now Yellen privately hinting to US lawmakers that a rise in interest rates might not come as soon as the markets expect. The technicals, as usual, reflect this recent uncertainty in the form of a triangle consolidation pattern (pennant) over the course of the week.
I remain technically bearish on the pair under its 10-day moving average (it has been under this level since mid-December) at 1.1350, though we really need a break above 1.1450 (above the 61.8% retracement level) to confirm the medium-term downtrend has ended.
😀 Good One |
How about the people saying that EURUSD will have the downward trend to 1.115 ?
Thanks, Prachait
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Jan 31, 2015 at 14:03
Miembro desde Jun 07, 2011
posts 372
EUR / USD has consolidated yesterday.
German data indicates that is in deflation what increases the possibility of more falls, as shown in the daily chart.
In the long term perspective is downward since the EUR / USD is showing minimum and maximum lower and below the moving averages 50 and 200 days.
R3 - 1.14751
R2 - 1.14212
R1 - 1.13691
Daily Std. Pivot - 1.13152
S1 - 1.12631
S2 - 1.12092
S3 - 1.11571
German data indicates that is in deflation what increases the possibility of more falls, as shown in the daily chart.
In the long term perspective is downward since the EUR / USD is showing minimum and maximum lower and below the moving averages 50 and 200 days.
R3 - 1.14751
R2 - 1.14212
R1 - 1.13691
Daily Std. Pivot - 1.13152
S1 - 1.12631
S2 - 1.12092
S3 - 1.11571
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