EUR/USD
Membre depuis Apr 08, 2014
posts 1141
Feb 06, 2015 at 13:18
EURUSD rose during the course of yesterday session, as the market bounced from the 10-day moving average and close into a daily resistance zone. All eyes today turn to the all-important U.S jobs report where we can expect high volatility.
"I trade to make money not to be right."
Membre depuis Nov 21, 2011
posts 1718
Feb 06, 2015 at 15:18
CrazyTrader posted:
Price Action or Pullback?... back to basics
I have to quote myself... Someone needs to study chart before posting.
Membre depuis Jul 10, 2014
posts 1117
Feb 06, 2015 at 17:48
The US Non-Farm Payrolls certainly had an effect. The EUR/USD pair could not break above the resistance at 1.1470 and fell over 100 pips. Unfortunately it couldn't break below the support at 1.1320 either, so I suppose range will continue.
Feb 06, 2015 at 17:52
EUR/USD rose to the descending short term trendline, 1.1548 (R1).
A clear move above that level may confirm a steeper climb.
The momentum studies indicate a potential for higher climbs.
The RSI (14) is out of oversold.
The daily MACD crossed the signal line.
However the long term pricing structure is still descending.
R3 - 1.17434
R2 - 1.16209
R1 - 1.15483
Daily Std. Pivot - 1.14258
S1 - 1.13532
S2 - 1.11581
S3 - 1.11581
A clear move above that level may confirm a steeper climb.
The momentum studies indicate a potential for higher climbs.
The RSI (14) is out of oversold.
The daily MACD crossed the signal line.
However the long term pricing structure is still descending.
R3 - 1.17434
R2 - 1.16209
R1 - 1.15483
Daily Std. Pivot - 1.14258
S1 - 1.13532
S2 - 1.11581
S3 - 1.11581
Feb 06, 2015 at 19:09
bewayopa posted:
EUR/USD rose to the descending short term trendline, 1.1548 (R1).
A clear move above that level may confirm a steeper climb.
The momentum studies indicate a potential for higher climbs.
The RSI (14) is out of oversold.
The daily MACD crossed the signal line.
However the long term pricing structure is still descending.
R3 - 1.17434
R2 - 1.16209
R1 - 1.15483
Daily Std. Pivot - 1.14258
S1 - 1.13532
S2 - 1.11581
S3 - 1.11581
Very useful assessment, Totally agree with it, thank you.
Membre depuis Jun 08, 2014
posts 454
Feb 06, 2015 at 20:41
price broke the support and need to stabilize under to confirm the direction. have a good weekend everyone!
Membre depuis Apr 14, 2014
posts 230
Feb 07, 2015 at 01:13
We had outstanding performance of the Nonfarm Payrolls data, which lead the EUR/USD is ending the week at 1.1312, below the 200 MA, I guess we are back to range and waiting for any developments in Greece next week.
Feb 07, 2015 at 02:30
peeterwoolf posted:
We had outstanding performance of the Nonfarm Payrolls data, which lead the EUR/USD is ending the week at 1.1312, below the 200 MA, I guess we are back to range and waiting for any developments in Greece next week.
I think you are right, eur/usd back to range.
Membre depuis Nov 11, 2012
posts 271
Feb 08, 2015 at 20:55
Not so good news in the weekend from Greece. Think EUR will break down this week below the range.
antariks1@
Membre depuis Oct 11, 2013
posts 775
Feb 09, 2015 at 06:09
more drops on the EURUSD may be coming in the medium term.
Membre depuis Apr 08, 2014
posts 1141
Feb 09, 2015 at 09:45
EURUSD fell during the course of Friday session, after a strong U.S employment report reinforced expectations for a mid-year rate hike by the Federal Reserve. So a break below 1.13 handle may pull the pair down to the 1.1236 or even to the year low at 1.1097.Rallies should continue to offer selling opportunities on short-term charts.
"I trade to make money not to be right."
Membre depuis Jul 10, 2014
posts 1117
Feb 09, 2015 at 15:41
Personally, I think if EUR/USD manages to break above the resistance at 1.1350 correction will continue for now and the pair will likely keep climbing until it reaches target 1.1600.
Feb 09, 2015 at 17:25
EUR/USD fell on Friday with the release of US employment data.
These were better than expected.
The short-term trend of the EUR / USD may be considered neutral.
On a broader perspective we can consider that the long-term trend remains downward.
The EUR / USD continues to make lower maximum and minimum and below both moving averages 50 and 200 days.
R3 - 1.16013
R2 - 1.15430
R1 - 1.14278
Daily Std. Pivot - 1.13695
S1 - 1.12543
S2 - 1.11960
S3 - 1.10808
These were better than expected.
The short-term trend of the EUR / USD may be considered neutral.
On a broader perspective we can consider that the long-term trend remains downward.
The EUR / USD continues to make lower maximum and minimum and below both moving averages 50 and 200 days.
R3 - 1.16013
R2 - 1.15430
R1 - 1.14278
Daily Std. Pivot - 1.13695
S1 - 1.12543
S2 - 1.11960
S3 - 1.10808
Membre depuis Jun 08, 2014
posts 454
Feb 09, 2015 at 19:27
support level turned to be a resistance now price keep bouncing undecided around 1.1380
Feb 09, 2015 at 19:35
honeill posted:
EURUSD fell during the course of Friday session, after a strong U.S employment report reinforced expectations for a mid-year rate hike by the Federal Reserve. So a break below 1.13 handle may pull the pair down to the 1.1236 or even to the year low at 1.1097.Rallies should continue to offer selling opportunities on short-term charts.
Very useful analysis, thank you.
forex_trader_202879
Membre depuis Aug 07, 2014
posts 406
Feb 09, 2015 at 21:29
alexforex007 posted:
more drops on the EURUSD may be coming in the medium term.
Define 'medium term' ?
Membre depuis Apr 08, 2014
posts 1141
Feb 10, 2015 at 10:29
EURUSD initially tried to fall during the course of yesterday session, but found enough ground at the 1.13 level to bounce and create a doji pattern. The pair is trading below the 10-day moving average; this suggests that the price could test a daily support at 1.1236 or even go for the low of the year at 1.1097.
"I trade to make money not to be right."
Membre depuis Jul 10, 2014
posts 1117
Feb 10, 2015 at 12:07
Yesterday I thought that EUR/USD might have a chance to break above the resistance at 1.1350 and reach 1.1600, but after it formed a marubozu and a spinning top candlestick right under the aforementioned resistance in the daily filter chart I am not so sure any more. It will likely move to the downside and continue the bearish trend or it will form a double bottom at the support at 1.1150 and continue the correction.
Feb 10, 2015 at 14:40
victoriajensen posted:Double bottom pattern was formed @ 1.1270 .... EUR/USD bullish in short term. target 1.1465
Yesterday I thought that EUR/USD might have a chance to break above the resistance at 1.1350 and reach 1.1600, but after it formed a marubozu and a spinning top candlestick right under the aforementioned resistance in the daily filter chart I am not so sure any more. It will likely move to the downside and continue the bearish trend or it will form a double bottom at the support at 1.1150 and continue the correction.
Feb 10, 2015 at 15:42
EUR / USD moved slightly downwards closing virtually unchanged.
Despite the short-term lateralization is a clear downward trend in the long run.
The minimum and maximum lower and below the moving averages of 50 and 200 days.
R3 - 1.14545
R2 - 1.14068
R1 - 1.13652
Daily Std. Pivot - 1.13175
S1 - 1.12759
S2 - 1.12282
S3 - 1.11866
Despite the short-term lateralization is a clear downward trend in the long run.
The minimum and maximum lower and below the moving averages of 50 and 200 days.
R3 - 1.14545
R2 - 1.14068
R1 - 1.13652
Daily Std. Pivot - 1.13175
S1 - 1.12759
S2 - 1.12282
S3 - 1.11866
