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Apr 29 2015 at 18:06
454 ieraksti
Today is a big day with the US Interest rate decision and the FOMC statement.

Apr 29 2015 at 18:17
1117 ieraksti
EUR/USD broke above the resistance at 1.1050 with ease and continued climbing. I think the pair is headed for 1.1230, where there is a strong resistance visible on the weekly filter chart.

Apr 29 2015 at 19:58
413 ieraksti
EUR/USD climbed high to 1.1178 before pulling back 1.1111 at this moment but the expectations support the uptrend this week, Good gain for today.

takechance (takechance)
Apr 29 2015 at 22:10
271 ieraksti
Bearish divergence exists......still bearish on EUR/USD at the moment.

Apr 29 2015 at 23:34
230 ieraksti
Long term resistance has been broken, correction continues or eventually become trend changes or most likely we will see a ranging period again.

Apr 30 2015 at 00:19
834 ieraksti
'The weakness of in the US economy 'during the winter months' , once again the FED blamed the cold weather.

Apr 30 2015 at 04:43
136 ieraksti
Since today is the last day of the month to trade, the only remaining question is whether the April bar on the monthly chart will be a:

Inside-Reversal-Bar (the high will stay at least 1 pip below the high from last month), or a
Reversal-Bar (the high of this month trades through the high of the preceding month)

Inside-Reversal-Bars historically have more thrust than Reversal-Bars.

In any event - on the weekly and monthly charts the targets are the GAP near 1.2100, which is close to the 50% retracement.

Cavity stops on the monthly charts are near 1.1400 and 1.1530 where the daily chart may create an up-hook.

As I have mentioned before, next exit point on the daily chart is 1.1300, as there is the next cavity-stop on the weekly chart (1.1291)

"a little bit of knowledge is a dangerous thing"
takechance (takechance)
Apr 30 2015 at 05:43
271 ieraksti


CrazyTrader (CrazyTrader)
Apr 30 2015 at 08:12
1718 ieraksti
takechance posted:
Bearish divergence exists......still bearish on EUR/USD at the moment.



honeill (honeill)
Apr 30 2015 at 08:36
1141 ieraksti
Since the start of April the EURUSD rose more than 3.0% and is in a recovery phase since late April, trading well above the 10-day moving average. Yesterday the pair rose with above average volume and close in the middle of the daily range. Stochastic is showing an overbought market but even with the pair well into overbought territory, we should not fight the strong upward correction just yet.

"I trade to make money not to be right." |
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