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EUR/USD
Membro Desde Apr 08, 2014
1141 posts
Jan 22, 2015 at 10:59
Membro Desde Apr 08, 2014
1141 posts
EURUSD tried to rally during yesterday session but found enough selling pressure on the 10-day moving at 1.1680 to turn things back down to the open price. The pair closed near the open of the day creating an inverted hammer pattern. Stochastic is showing a slight bullish momentum and volume is falling as investors wait for the ECB monetary policy statement.
Be prepared for the worst but hope for the best!
Be prepared for the worst but hope for the best!
"I trade to make money not to be right."
Membro Desde Apr 14, 2014
230 posts
Jan 22, 2015 at 13:25
Membro Desde Apr 14, 2014
230 posts
honeill posted:
EURUSD tried to rally during yesterday session but found enough selling pressure on the 10-day moving at 1.1680 to turn things back down to the open price. The pair closed near the open of the day creating an inverted hammer pattern. Stochastic is showing a slight bullish momentum and volume is falling as investors wait for the ECB monetary policy statement.
Be prepared for the worst but hope for the best!
We should all be prepared, today is just the beginning, we still have Monday to come.
Jan 22, 2015 at 15:23
Membro Desde Jun 07, 2011
372 posts
The technical framework of the EURUSD remains negative, but largely short-term direction will depend on the direction the pair take after today's meeting of the ECB and its decision on the quantitative easing program (QE).
A wider context, the price structure suggests a downward long-term trend.
R3 - 1.18174
R2 - 1.17485
R1 - 1.16786
Daily Std. Pivot - 1.16097
S1 - 1.15398
S2 - 1.14709
S3 - 1.14010
https://bewayopa.wordpress.com/
A wider context, the price structure suggests a downward long-term trend.
R3 - 1.18174
R2 - 1.17485
R1 - 1.16786
Daily Std. Pivot - 1.16097
S1 - 1.15398
S2 - 1.14709
S3 - 1.14010
https://bewayopa.wordpress.com/
Membro Desde Jul 10, 2014
1117 posts
Jan 22, 2015 at 17:58
Membro Desde Jul 10, 2014
1117 posts
ECB's rate decision and Draghi's press-conference certainly had an effect on the market. EUR/USD broke below the support at 1.1540 and continued on its way down to break below 1.1400. Next target is likely 1.1300.
Membro Desde Jun 08, 2014
454 posts
Jan 22, 2015 at 20:02
Membro Desde Jun 08, 2014
413 posts
victoriajensen posted:
ECB's rate decision and Draghi's press-conference certainly had an effect on the market. EUR/USD broke below the support at 1.1540 and continued on its way down to break below 1.1400. Next target is likely 1.1300.
Thank you victoria, i agree with your analysis.
Jan 22, 2015 at 21:08
Membro Desde Jul 22, 2014
36 posts
bewayopa posted:
R3 - 1.18174
R2 - 1.17485
R1 - 1.16786
Daily Std. Pivot - 1.16097
S1 - 1.15398
https://bewayopa.wordpress.com/
Hi, I was following your analysis | What is the possibility of USD being weak and EURUSD trend go up in next 10 days ?
I am looking forward to R3 - 1.18174 as the trading level |
Thanks, Regards Prachait
Forex - Currency Trading is for Living |
Membro Desde Nov 12, 2010
174 posts
Jan 23, 2015 at 08:14
Membro Desde Nov 12, 2010
174 posts
So possible correction in motion, but I am betting on it going to 1.12 or lower. It hasn't been able to break 1.13100 yet but it also hasn't broken 1.1375. Breaking past either one of those points could be signs of further movement in their respective directions. Long term, EURUSD should be heading further south to 1.10 and lower.
See my profile or message me for my latest EA
Membro Desde Nov 12, 2010
174 posts
Jan 23, 2015 at 10:02
Membro Desde Nov 12, 2010
174 posts
Currently have a TP of 1.10800 and a Trailing Stop of 40 pips following this down, we shall see which hits first.
I may close out some positions on the way down as well as my trade is larger than normal currently.
I may close out some positions on the way down as well as my trade is larger than normal currently.
See my profile or message me for my latest EA
Membro Desde Apr 08, 2014
1141 posts
Jan 23, 2015 at 11:40
Membro Desde Apr 08, 2014
1141 posts
EURUSD fell like an asteroid during yesterday session making fresh lows at 1.1315 and close near the low of the day creating an impulsive candle. The pair is in a well-established bearish phase and has fell 6.15% since the start of the year. Stochastic in showing an oversold market but even with the pair well into oversold territory, we should not fight the strong downward trend.
Next target is 1.1270
Next target is 1.1270
"I trade to make money not to be right."
Membro Desde Jan 31, 2014
83 posts
Jan 23, 2015 at 11:41
Membro Desde Jan 31, 2014
83 posts
QE beginning in March until late 2016.
Euro parity by June. Then sideways until Recovery
Recovery in May 2016 as QE eased off.
These are my thoughts
What do you think ?
Euro parity by June. Then sideways until Recovery
Recovery in May 2016 as QE eased off.
These are my thoughts
What do you think ?
Si eius XCIX% Ius ergo est Nefas - Sileo processus (If its 99% Right then it is Wrong - Restart the process)
Membro Desde Jul 10, 2014
1117 posts
Jan 23, 2015 at 12:40
Membro Desde Jul 10, 2014
1117 posts
EUR/USD is in a state of freefall and dropped over 500 pips for a single day, breaking below the 1.1200 level. Next target is likely 1.1000, but I think that it will eventually reach parity.
Membro Desde Apr 14, 2014
230 posts
Membro Desde Nov 12, 2010
174 posts
Jan 23, 2015 at 18:26
Membro Desde Nov 12, 2010
174 posts
Hopefully everyone made some profit today. Currently back in a Sell Position after closing out my positions with the small reversal of the downward trend. Greece news over the weekend I expect will cause it to move down further and possibly Gap down on Sunday.
See my profile or message me for my latest EA
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