EURGBP, Daily The risk of a surprise from the ECB has risen after yesterday’s round of weak PMI numbers,¹ which not only highlighted that the German manufacturing sector is sliding deeper into recession, but also that the fallout from global trade tensions and rising risks of a no-deal Brexit scenario is not limited to Germany. Today’s Ifo reading is unlikely to...
On our analysis on the 02.07 we were short EURUSD after a strong payroll and have since taken profit as the currency pair fell below 1.12. We are still short and long term we expected EURUSD to keep falling and believe it could fall to multi years lows below 1.08 by the end of 2019. This week could bring a significant amount of movement in the currency pair with...
By Andria Pichidi - July 23, 2019 All eyes will be on the ECB on Thursday with Draghi and Co set to confirm that the central bank is heading for additional easing measures as global growth slows down while global trade tensions escalate. First quarter Eurozone GDP numbers came in stronger than expected, but were boosted by special factors including stock...
Trump said Thursday that a U.S. Navy ship had destroyed an Iranian drone in a “defensive action,” escalating already high tensions in the Gulf region. On the next day, Iran dismissed the report. So, investors’ reaction was expressed by rescuing in safe heaven assets and it is understandable. Later, the gold price was correlated with a decrease in the gold price....
EURAUD has reached to one of its strongest resistance zone. In the past few years price fell down sharply after reaching this point in several occasions. Now again market is in this area. If you look at the oscillators like RSI, MACD, Stochastic on the chart to measure the energy of the market, you see divergences and RSI overbought which all means market...
The price is currently within a descending trendline where I'm expecting an upside breakout. It is also in consolidation within clear Support and Resistance levels, with the potential target being around the resistance zone. Please like/comment and follow me if you want to see more of my ideas. Good luck!
A recurring Inverse Head and Shoulders is evident in the major currency pair, EURUSD. As you can see there are various possibilities for the direction but the overall, favoured prediction is a bullish movement. Please like, comment and follow for more of my ideas. Happy trading!
Oh make no mistake, technically most of the EUR related are starting to show a strong bearish pattern . EURUSD could tumble to 1.09000 level in the coming months even on the back of a weaker USD!. The above link is shows the analysis behind the EURNZD which has a potential to drop . However since many central banks are shifting towards easing, typically in...
Have a look at the main weekly TF chart of EURNZD pair. From here its clearly visible that the price is confined in an ascending channel which has been held on numerous occasions. However at the moment the price seems to be too aggressive to the downside and has potentially violated the channel pending today's weekly candle close! The four horizontal red...
Have a look at the main weekly TF chart which shows the price of EURUSD confined in a long term held and respected wedge ! The blue horizontal lines are the nearby support and resistance levels taken from the monthly TF . Several months ago this pair formed a bearish H & S pattern on the weekly chart which was broken as the price started to accelerate downwards...
The long-bullish rally of EURGBP could be coming to an end with a bounce off a major resistance barrier. The targets have been indicated, with the second target a high possibility if the first target is reached and surpassed. Good luck!
Is it possible to see a price compression on EurJpy. In fact the price is moving within the channel between the static support identified by 61.8% of the Fibonacci retracement (placed at 120.05) and between the static resistance identified by 50% of the Fibonacci retracement. Technically, so far, this pair is set downwards. This on short/medium term time frames....
As we can see from the chart above, the cross is right on a short-term dynamic support (trendline), which has been touched with a very sharp move. Moreover, this dynamic support coincides with a static support level (around 121.22), adding confluence to the analysis. However, before entering the trade, I'm waiting for a confirmation, which I expect to appear on...
October 2019 will be the beginning of the end of our current international financial system. #Gold and #Bitcoin will play an important role in the new 21st century "Bretton Woods v3.0" (?) one.
GBP/USD: hot or not ? The trend remains downward in the short/very short term. After breaking down the static support at 1.264 identified by 23.6% of the Fibonacci retracement, the next target targeted on this currency pair is the support area at 1.25. Reachable today as analysts expect a recovery of the intraday US dollar ahead of the publication of positive...
Despite the extremely weak statistics from the Eurozone published on Monday and rather depressing data on producer prices, published on Tuesday, the euro tone was relatively good in the foreign exchange market yesterday. The reason was the information that the ECB is not ready to resort to additional monetary incentives. Therefore you should not expect to ease...
On our analysis as at the 21.06 we indicated that we were still short EURUSD after the relatively Dovish FOMC meeting and had increased our short position. However, the currency pair rose towards 1.14 before dropping sharply Monday below 1.13 on the back of weaker than expected EU PMI data and stronger than expected US ISM data. Additionally, the US is threatening...
Good evening all, It's been a quiet week for the eur/usd with no noticeable movements and events, markets are braced for the G20 meetings on Friday and Saturday and whether this whole trade issue between US and China can finally break down. US GDP came in close to expectations and European cpi is expected to have stabilized. Technically, the pair is still looking...