EUR/USD

Never hold positions over the weekend. bad policy!

prachait posted:

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

It is better to put your technical analysis rather than put what others say ... be a trader not player

Monthly chart...

blownaccount posted:
Never hold positions over the weekend. bad policy!

I have actually made quite a bit of money on the gaps. The trick is not to hold very large positions over the weekend to mitigate risk. Last weekend with Greece I figured it would gap down and it did (50 pips). You just have to see what news might come out over the weekend and how things have been trading and take an educated guess on the way it will open and you can make a little bit.

have a great weekend everyone!

Could it be that we test the upper trend channel first, before resistance breakthrough?
Maybe in a long sideway movement below the triangle formation?

As of right now, looks like an upward gap today at the open

I don't see any gaps yet.

The price fluctuates all weekend as some trading still goes on, just not for us little guys.

You can view current prices on websites such as

www.xe.com

OR

https://www.cnbc.com/id/15839178

I think we will have a very interesting week ahead of us.
https://www.reuters.com/article/2015/01/31/us-eurozone-greece-idUSKBN0L40IL20150131

Some good news from Greece finally.....will the EUR recover massively this week? Lets see.

Yep Market Gaped Up! we normally do not hold positions over the weekend, but the octave system was predicting a gap. so it worked out great, closed out all the winning trades a few minutes ago and just waiting on the next trade.....

EURUSD is consolidating in a tight range; it looks like the market is taking a pause to bread as the pair waits for the Friday’s nonfarm payrolls.

Sell EURUSD now at 1.13500. Good luck!

Either one of the highs of the last 4 days are legitimate buy-stop entries. (major price-bar formation)
Add 1 pip to either one of the highs (ask price) to enter a trade.
This is only valid, if the high from Friday is traded through on today's bar.
Tomorrow, the current formation is not valid anymore if it does not happen today.
There may be another formation to enter tomorrow.
Prices are currently at 1.1344

Good range for the EURUSD between the 1.1276 area as support and the 1.1363 zone as resistance.

honeill posted:
EURUSD is consolidating in a tight range; it looks like the market is taking a pause to bread as the pair waits for the Friday’s nonfarm payrolls.

I agree, we will likely have to wait for the US Non-Farm payrolls to provoke some volatility on the market.

the market is almost not moving and there are no opportunities on the pair at the moment.

alexforex007 posted:
Good range for the EURUSD between the 1.1276 area as support and the 1.1363 zone as resistance.

True, eur/usd is trapped in between those range, we need a breakout.