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EURUSD Analysis thread (Ongoing) in Galvenais Nov 13 2022 at 23:31

14/11/2022 - EURUSD weekly analysis.The dollar is now weakening and we are on the move up. I’m watching for pullback short term before a further move up an fully looking for further long opportunities. Reasons for weaker USD?:- “weaker-than-expected U.S. inflation data”- “Slowing price pressures may lead the Federal Reserve to adopt a less hawkish stance, prompting policymakers to slow the pace of interest rate hikes as soon as their next meeting’- “The downward correction in yields could push the dollar lower in the near term”Reasons for stronger EUR?...

EURUSD Analysis thread (Ongoing) in Galvenais Oct 30 2022 at 18:14

31/10/2022 - EURUSD weekly analysis.We’ve broken the upper downtrend line and are retesting as support, waiting for confirmation to see where we’re headed. DXY has also broken uptrend and is retesting, the mirroring to EURUSD showing that strength in the dollar has been the main factor for the trend. EURUSD may continue to go downwards and this may be a move to shake out obvious shorts. The decider: Is the dollar weakening? ECB have been slow with rate hikes but have 75bp on Wednesday with talk of maybe lower hikes in the future.The ECB are in a hard place right now, risk a recessi...

EURUSD Analysis thread (Ongoing) in Galvenais Oct 23 2022 at 22:30

24/10/2022 - EURUSD weekly analysis.The pair is continuing to move downward through the trend channel with 0.99 looking like a good place for resistance. I’m still in shorts from parity (1.0) and watching maybe 0.99 for new res, anything above or at parity will make me change bullish but seem unlikely atm. I would wait for resistance to put in new sells, see how it reacts to the upper downtrend line. I have take profits set at 0.93-0.92. Side note: we seem to be squeezing for a big movement. Points going forward:- “EUR/USD seen declining to 0.9300 in Q1 2023 – Nordea.&rd...

EURUSD Analysis thread (Ongoing) in Galvenais Sep 18 2022 at 22:37

19/09/2022 - EURUSD weekly analysis.We’re back at parity (1.00122 as of writing) and I remain bearish. Lower highs and lower lows still at play and we haven’t even hit winter yet which will bring the energy crisis into full swing unless Europe is prepared. High inflation news from US gave us a little upswing on the charts but nothing to push the pair out of its channel. I’ve got sells in from around 1.02 (top of the downtrend channel) and keeping them in play until a break of the top channel or more likely a push down to newer lows. Long term I’m actually starting to th...

EURUSD Analysis thread (Ongoing) in Galvenais Jul 18 2022 at 11:30

18/07/2022 - EURUSD weekly analysis.We may see sub-dollar euro soon that we haven’t seen since the early 2000s. I’m looking at a retrace to find resistance on Monday then pilling on more shorts. Think we might see a nice sell zone around 1.04.Looking at Thursday when the ECB announce monetary measures. The ECB announcement may be bullish for the moment or priced in which will see us pop up in expectation. Generally feeling the sells are safe though. “The ECB has signalled the start of the rate hike cycle and a 25 bps rate hike is fully priced in the markets. The question, ho...

EURUSD Analysis thread (Ongoing) in Galvenais Jun 29 2022 at 09:40

29/06/2022 - EURUSD weekly analysis.The euro has done well to stand up against the dollar with particularly after weak eurozone PMI figures though not sure how long it can hold. Technically the pair is looking quite neutral but lots of incoming fundamentals on their way to put pressure on the pair. Quick bearish rundown:- “Danske Bank forecast the EUR/USD pair at 1.04 in a one-month perspective, at 1.03 in three months and at 1.00 in a year.”- “Rabobank continue to see the risk of a dip back to the year’s low at the 1.0350 region on a one to three-month view. They ...

EURUSD Analysis thread (Ongoing) in Galvenais Jun 12 2022 at 23:23

13/06/2022 - EURUSD weekly analysis.We’ve hit against resistance and continue follow downtrend.FED’s turn this week, will be the one to watch on Wednesday. I’ll be watching for further downtrend. Despite a hawkish ECB the there’s been to much competition from the more hawkish FED“Fed bringing benchmark lending rates to 3.78% while the ECB falling short at 1.93%.”“The US Consumer Price Index soared to a 40-year high of 8.6% in May, ahead of the Fed’s decision.”“Neither inflation will recede nor growth will pick up anytime soon. Central...

EURUSD Analysis thread (Ongoing) in Galvenais Jun 05 2022 at 22:21

06/06/2022 - EURUSD weekly analysis.“Overheating inflation and slowing economic growth are still the main market drivers.” For me I’m still feeling bearish, not much has changed in my outlook of the pair long term.So I’m going to discuss some macro sentiments I have:- High inflation: EUR at 7% and USD at 8%. Last time we saw rates like this was before the last financial crisis and we’re currently surpassed that. We’re looking at numbers we haven’t seen since the 80’s.- Energy crisis: Europe to faze out RUS oil by end of year and other forms of en...

EURUSD Analysis thread (Ongoing) in Galvenais May 20 2022 at 08:42

EURUSD 19/05/2022 - weekly analysis.Can see us hitting consolidation or a drop unless we hit a curve ball. Volatility and volume are up.Currently at the 1.05 and looks like we’ve settled bellow lower trend line but sideways movement through the trend wouldn’t make me bullish. For me a break and settle above 1.06 would make me bullish bit more likely to go sideways to hit 1.06 or a drop through 1.04.Fundamental points going forward:- “Comments from European Central Bank (ECB) officials failed to help the euro on Wednesday as the sharp decline witnessed in global equity indexes...

EURUSD Analysis thread (Ongoing) in Galvenais Apr 11 2022 at 00:05

11/04/2022 - EURUSD weekly analysis.The pair appears oversold but may be further to go to hit main support. ECB was positive on EUR this week but any gains from news was short lived. Fedspeak propped the dollar up with “St Louis Fed President James Bullard argued on Thursday that they would need to lift the policy rate toward 3.5% this year to tame inflation.”“Atlanta Fed President Raphael Bostic and Chicago Fed President Charles Evans both reiterated that it would be appropriate to move the policy to a neutral level by the end of the year.”1.08-1.075 looks like a ...

EURUSD Analysis thread (Ongoing) in Galvenais Mar 28 2022 at 00:30

EURUSD - 28/03/2022 - With turmoil at Europe’s doorstep the EURUSD continues downwards towards a stronger dollar.The slow economic recovery in Europe is stopping the ECB from tightening monetary policy. This on top of risk adverse markets has me on the sells. “hawkish Fed rhetoric, and the knock-on move higher in US Treasury bond yields, continue to apply downward pressure on EURUSD” - an apt assessment and along with USD safe haven status leads me to believe the dollar may pump across the board. Euro Zone inflation data this week will continue to keep the pressure on - &ldqu...

EURUSD Analysis thread (Ongoing) in Galvenais Mar 07 2022 at 01:14

07/03/2022 - EURUSD weekly analysis.I probably don’t have to say it but we are currently in a black swan event. Sanctions have been implemented against Russia for the unprovoked invasion of Ukraine and more are on the way. The EURUSD has fallen due to uncertainty over the war and we are more than likely to see more downside as we continue. The ECB and other central banks were having to deal with inflation already and looks like it will be a lot harder from now on. EUR will take the brunt of the panic but most likely we’ll start to see the US affected by the squeeze on commodities. ...

EURUSD Analysis thread (Ongoing) in Galvenais Feb 07 2022 at 01:43

07/02/2022 - EURUSD weekly analysis.Bit of an upset to the downtrend with previous 1.145 level being tested again, but will it push above. It seems like a hawkish ECB has finally given the EUR a bit of a pump and this week we may see if a higher low can begin an uptrend or if this is mainly a slight upset on our way to a 1.12 EURUSD. The FED remains more aggressive in its stance with the way better than expected NFP results coming in to quash EUR gains. Looking to this week, unless we see more from ECB we might se the dollar comeback with Thursday CPI to really watch out for on a quiet calenda...

EURUSD Analysis thread (Ongoing) in Galvenais Jan 24 2022 at 00:04

24/01/2022 - EURUSD weekly analysis.All eyes on next week’s Federal Reserve meeting as EURUSD continues to meander upwards with no real big moves. EURUSD failed to break out to the upside and now at the lower end of the slight uptrend. The same story continues with ECB slow on monitory policy and FOMC gearing up for Wednesday. Main thing I’ll be looking out for is the FOMC on Wednesday, I’ll be looking out for a hawkish fed to support the dollar and hopefully see us continue down on EURUSD. A hawkish FED might be priced in so if any tighter policies are enacted we may see a b...

EURUSD Analysis thread (Ongoing) in Galvenais Jan 10 2022 at 00:20

10/01/2022 - EURUSD weekly analysis.Well here we are crabbing it slightly to the upside. Technically we look like we may be gearing up for a break down from a wedge pattern with 1.135-1.136 being strong res. I can’t see us breaking this week but sells from the said res may be profitable and setup for a break out to the lower side. On the fundamental front:- FED looking to tighten tapering due to inflation.- ECB being conservative on monetary policy even though rising inflation.- Covid continues to slow down economic recovery. If we were to think bullish we would have to see the 1.136 res...

CedarFX in Brokeri Dec 13 2021 at 00:14

Moved to CedarFX as the only brokers I could use restrict me to 1:30 leverage (I’m based in the UK). They offer 1:500 leverage on fiat pairs and 1:100 for crypto pairs. Being able to deposit and withdraw in BTC is great (usually same day) as other brokers offer 5 day bank transfers. They have tight spreads and 0% commissions on trades which is great for day trading. All in all a good broker that I’ve used for 2 years and no problems so far.

EURUSD Analysis thread (Ongoing) in Galvenais Dec 13 2021 at 00:01

EURUSD - 13/12/2021 - Missed my target of 1.12 on the sells but still looking like solid downward momentum after hitting the new upper trend line at 1.135. Anyone who saw the retest should have had a nice little scalp.Still the same story as last week really:- covid surge in Europe bringing lockdowns for Christmas.- FED and BOE looking at policy tightening as ECB wants to ride out inflation. - Russian troops at Ukrainian border.- Nord Stream looking to be scrapped thus raising questions about Europe’s energy security. Moving forward I’ll be watching the central banks monitory polic...

EURUSD Analysis thread (Ongoing) in Galvenais Dec 06 2021 at 08:20

GM. Happy trading today :)

LonghornFX in Brokeri Oct 19 2021 at 10:42

Have been with this broker for about a year now and pretty stable so far. Moved to them as offered fast BTC withdrawals (same day) and leverage was much higher than I could get from a native broker. Spreads could be tighter but could say that with most brokers. All in all no problems and hope they keep it up.

How much should you invest in trading in Galvenais Oct 19 2021 at 10:08

More capital the better for real returns especially when trying to make 1-3% gains a week. But understandably hard to get enough capital for most people. Bit of a catch 22, those with more capital will find it easier to make profit off of it.

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All Quotes
AUDUSD	0.66856	USDCHF	0.91515
EURJPY	144.001	EURCHF	0.99228
EURGBP	0.87927	GBPJPY	163.759
EURUSD	1.08426	GBPUSD	1.23298
USDJPY	132.808	USDCAD	1.35134

EURUSD	1.08426	GBPUSD	1.23298
USDJPY	132.808	USDCAD	1.35134

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