honeill's Posts - Page 42

EUR/USD in Experienced Traders Aug 19, 2015 at 08:17

Yesterday the EURUSD pair fell for the straight third day and closed in the red near the low of the day, shy below the 50-day moving average. All eyes now turn to the US as the market waits for the Fed's Monetary Policy Statement later today, regarding the possibility of an interest rate hike in September.

EUR/USD in Experienced Traders Aug 18, 2015 at 08:13

Yesterday the EURUSD fell and close near the low of the day with a narrow range, although held its ground just above the 10-day moving average. Absent economic releases in the euro area today so we might experience some consolidation, as inflation figures in the US economy are due tomorrow and the FOMC will release its minutes.

EUR/USD in Experienced Traders Aug 17, 2015 at 08:15

On Friday session the EURUSD pair initially rallied but found yet again enough resistance on the 200-day moving average giving all its gains back and closed in the red near the low of the day on a narrow range, creating an inside day. This 3rd failed attempt to close above the 200-day moving average suggests a move downward for today to the 10-day moving average at 1.1052.

EUR/USD in Experienced Traders Jul 31, 2015 at 09:16

Yesterday the EURUSD fell breaking below the 50% Fibonacci level (support) at 1.0955 and closed in the red at the middle of the daily range. This movement suggests a consolidation day, possible making an inside day. Key levels to watch today are: the 50% Fibonacci level (resistance) at 1.0955, and the 61.8% Fibonacci level (support) at 1.0860.

EUR/USD in Experienced Traders Jul 30, 2015 at 09:44

Yesterday EURUSD fell and close near the low of the day on a wide range day as the Federal Reserve indicated that interest rates could rise in the coming months, possibly as early as September, if the labor market continues to strengthen. Key levels to watch today are: the daily resistance at 1.1097, the 50% Fibonacci level (support) at 1.0955 and the 61.8% Fibonacci level (support) at 1.0860.

EUR/USD in Experienced Traders Jul 29, 2015 at 09:35

Yesterday the EURUSD pair moved back and forward with lack of direction closing in the red near the open of the day with a narrow range day, creating an inside day. This type of day is often used to signal indecision about the future direction of the currency as the market waits for the Fed's Monetary Policy Statement later today.

EUR/USD in Experienced Traders Jul 28, 2015 at 09:13

Yesterday the EURUSD rallied and close near the high of the day with a wide range, although failed to close above the 50-day moving average. Due to the wide range day observed yesterday, we may expect that the currency today makes a narrow range or even create an inside day. Key levels to watch today are: the 50-day moving average (resistance) at 1.1114, a daily resistance at 1.1097, Fibonacci levels the 38.2% (support) at 1.1058 and the 50% (support) at 1.0955.

EUR/USD in Experienced Traders Jul 27, 2015 at 09:36

On Friday session the EURUSD pair moved back and forward with lack of direction closing in the red near the open of the day on a narrow range day, making an inside day. Although the currency did not moved much it managed to close above the 10-day moving average for the 2nd day in the row, suggesting that short term bulls are in control and we may expect an upward move to Fibonacci level of 38.2% (resistance) at 1.1058 or even to a daily resistance at 1.1097.

EUR/USD in Experienced Traders Jul 25, 2015 at 08:35

Yesterday the EURUSD rose breaking above the 10-day moving average and closed in the green near the high of the day. This movement suggests another push upward today but only above previous day high at 1.1018 and if the currency does not overcome that level we may expect some kind of consolidation.

EUR/USD in Experienced Traders Jul 23, 2015 at 11:29

Yesterday the EURUSD pair moved back and forward with lack of direction closing in the red near the open of the day, making a Doji pattern. This candlestick is often used to signal indecision about the future direction of the currency so today a break above its high or a break below its low will set the trend for the day.

EUR/USD in Experienced Traders Jul 23, 2015 at 09:45

...

EUR/USD in Experienced Traders Jul 22, 2015 at 09:00

Yesterday the EURUSD rose closing in the green near the high of the day on a wide range day. The currency found some resistance at the Fibonacci level 50% at 1.0955 that also overlaps with the 10-day moving average and a solid close above these levels might trigger a mid-term shift in the trend. Key levels to watch today are: Fibonacci levels the 38.2% (resistance) at 1.1058, the 50% (resistance) at 1.0955 and the61.8% Fibonacci level (support) at 1.0860.

EUR/USD in Experienced Traders Jul 21, 2015 at 09:30

Yesterday the EURUSD initially tried to rally but found selling pressure on the 61.8% Fibonacci level (resistance) at 1.0860, to give all its gains back to the market and close near the low of the day with a narrow range day. Key levels to watch today are: a daily resistance at the 61.8% Fibonacci level at 1.0860 and key level (minor support) at 1.0808.

EUR/USD in Experienced Traders Jul 20, 2015 at 07:59

On Friday session the EURUSD tried to rise but found enough selling pressure to turn back south, breaking below the 61.8% Fibonacci level (support) at 1.0860 and closed in the red at the low of the day. After a clear down run of 5 days we should expect some consolidation or even a minor pullback before the resumption of the downward trend.

EUR/USD in Experienced Traders Jul 17, 2015 at 08:53

Yesterday the EURUSD fell testing the 61.8% Fibonacci level (support) at 1.0860 as expected and closed near the low of the day. The currency is in a critical support and today we may see some consolidation or even a minor pullback. But a break below 61.8% Fibonacci level (support) at 1.0860 would force the price down to a daily support at 1.0622.

EUR/USD in Experienced Traders Jul 16, 2015 at 09:25

Yesterday the EURUSD fell breaching the 50% Fibonacci level (support) at 1.0955 and closed below it, near the low of the day. This previous day movement suggests that the currency is going to move lower and try to test the 61.8% Fibonacci level (support) at 1.0860.

EUR/USD in Experienced Traders Jul 15, 2015 at 09:18

Yesterday the EURUSD pair moved back and forward with lack of direction closing in the green near the open of the day, making a Long-Legged Doji. This candlestick is often used to signal indecision about the future direction of the currency although the 50% Fibonacci level (support) at 1.0955 is still holding the price.

EUR/USD in Experienced Traders Jul 14, 2015 at 09:09

Yesterday the EURUSD initially tried to rally but found yet again selling pressure, at the 50-day moving average, to give all its gains back to the market and close near the low of the day with a wide range day. Key levels to watch today are: a daily resistance at 1.1097, Fibonacci levels the 38.2% (resistance) at 1.1058 and the 50% (support) at 1.0955.

EUR/USD in Experienced Traders Jul 13, 2015 at 09:03

On Friday session the EURUSD rose running into the 50-day moving average and closed in the green near the high of the day but below the 50-day moving average. The Greek drama “ended” this Monday morning although Greece has until Wednesday to pass the new proposals through parliament before negotiations for a bailout can begin.

EUR/USD in Experienced Traders Jul 10, 2015 at 09:25

Yesterday the EURUSD initially rose but found enough selling pressure at 1.1097 to give all its gains back to the market and closed in the red slightly below the open of the day, creating a doji candle pattern. Today we might see another attempt in the bullish side with the following resistance levels to watch: 1.1158 (50 day moving average), 1.1185 Fibonacci level (23.6) and a daily resistance at 1.1236. Do not forget the Greek summit on Sunday the 12 of July.

EURUSD	1.13037	GBPUSD	1.32767	AUDUSD	0.64436
USDJPY	144.966	USDCAD	1.38103	USDCHF	0.8268

Advertisement

Posts by honeill