EUR/USD
Membre depuis Nov 11, 2012
posts 271
Aug 06, 2014 at 23:38
takechance posted:
1.3414 is the nearest up target. Followed by 1.3430 and 1.3470.
Good buying opportunity showing on my chart is 1.3340 - 1.3350 zone.
Happt trading :)
As expected EUR got some weak support arounf 3340-3350 area. Now I will be looking for the nearest upside target of 1.3420. Untill and unless the pair settles above 1.3465 the risk of another down wave remains. So fresh longs should be initiated above that zone but the existing long positions can be slowly unwinded around 1.3420.
antariks1@
Membre depuis Oct 11, 2013
posts 775
Aug 07, 2014 at 03:32
The EURUSD is back at the 1.3400 zone, most likely awaiting tomorrow's ECB press conference.
Membre depuis Oct 08, 2011
posts 137
Aug 07, 2014 at 06:44
I have mentioned a 'hanger bar' before in my postings on the weekly chart (1.3345) which was closed yesterday. It was a perfect exit for the 4-week trade (4 price-bars) coming from the ledge entry (sell) @ 1.3574.
Learn how to read chart patterns and start 'acting' instead of waiting for media news and just 'react' to their price manipulations, which are only designed to run the stops of intra-day chart traders.
Price actions during news announcements may look exciting on the 1-min and 5-min charts, but have no impact whatsoever on the long-term charts. They cannot be seen.
Statistics show that nearly 97% of all intra-day chart traders lose their money at the end of their time. They are the perfect pray for the market-makers and operators. Market-makers know our emotions better than we do - mainly our greed and our fears.
Learn how to read chart patterns and start 'acting' instead of waiting for media news and just 'react' to their price manipulations, which are only designed to run the stops of intra-day chart traders.
Price actions during news announcements may look exciting on the 1-min and 5-min charts, but have no impact whatsoever on the long-term charts. They cannot be seen.
Statistics show that nearly 97% of all intra-day chart traders lose their money at the end of their time. They are the perfect pray for the market-makers and operators. Market-makers know our emotions better than we do - mainly our greed and our fears.
"a little bit of knowledge is a dangerous thing"
Membre depuis Apr 08, 2014
posts 1141
Aug 07, 2014 at 08:37
Yesterday investors were quick to dump the euro, driving the currency to new lows at 1.33326, but then erased all of its losses to trade back up closing at 1.33832 and form a hammer pattern and a bullish divergence.
Today we have the release of ECB interest rate decision and monetary policy. The interest rate is expected to stay unchanged and ECB may loosen even more the monetary policy.
Today we have the release of ECB interest rate decision and monetary policy. The interest rate is expected to stay unchanged and ECB may loosen even more the monetary policy.
"I trade to make money not to be right."
forex_trader_178891
Membre depuis Feb 26, 2014
posts 104
Aug 07, 2014 at 14:27
EURUSD has been beat up for long long times .
It will go up soon or at least big correction soon .But the question is how much lower it can go or how much lower traders can handle it .
Now money management play important role for traders .
Good luck .
It will go up soon or at least big correction soon .But the question is how much lower it can go or how much lower traders can handle it .
Now money management play important role for traders .
Good luck .
Aug 07, 2014 at 17:54
EURUSD Analysis leads to a medium and long-term bearish setups.
But the bullish momentum divergence (RSI) has continued to grow on the 4h charts with the latest drop.
This drop also failed to clear a new daily low under yesterday’s low of 1.3332.
There is an increased risk of a bullish correction here though we will not be getting long quite yet as the dominant trend (bearish) is still valid.
Just a break above 1.3400 (mixed-trend), and above 1.3450 could turn the short-term trend to bullish.
But the bullish momentum divergence (RSI) has continued to grow on the 4h charts with the latest drop.
This drop also failed to clear a new daily low under yesterday’s low of 1.3332.
There is an increased risk of a bullish correction here though we will not be getting long quite yet as the dominant trend (bearish) is still valid.
Just a break above 1.3400 (mixed-trend), and above 1.3450 could turn the short-term trend to bullish.
Membre depuis Jun 08, 2014
posts 454
Aug 07, 2014 at 19:52
are we going to see a second hammer on the price by the end of today's trading ?
Membre depuis Oct 11, 2013
posts 775
Aug 07, 2014 at 23:11
Not much from the European Central Bank, but the Euro remains weak.
Membre depuis Apr 08, 2014
posts 1141
Aug 08, 2014 at 07:49
EURUSD initially fell during yesterday session, but found support at roughly the same place it did during the Wednesday session and it means that EURUSD is ready to bounce. The pair will more than likely head to the 1.3450 level, and possibly even as high as the 1.3500. Expect significant selling pressure up in that region though, so this is a short-term buying opportunity at best.
"I trade to make money not to be right."
forex_trader_178891
Membre depuis Feb 26, 2014
posts 104
Aug 08, 2014 at 12:44
(édité Aug 08, 2014 at 12:44)
honeill posted:I agree .
EURUSD initially fell during yesterday session, but found support at roughly the same place it did during the Wednesday session and it means that EURUSD is ready to bounce. The pair will more than likely head to the 1.3450 level, and possibly even as high as the 1.3500. Expect significant selling pressure up in that region though, so this is a short-term buying opportunity at best.
This this the best short term buy opportunity .
The pair may go up to 1.35 from here .
Good luck .
Membre depuis Jun 08, 2014
posts 454
Aug 08, 2014 at 19:13
technically there suppose to be an uptrend i agree with that but that was fast usually it takes a day or two in a side trading before changing trend specially when the USD still strong
Aug 08, 2014 at 21:22
EURUSD on the 4h charts is in a Bullish momentum.
It is increasing and we can see a bullish pullback as likely in the short-term.
A break above 1.3450 would add to the short-term bullish case and open up a re-challenge of 1.3500.
Long-term trend remains bearish however and we reckon 1.3570 would hold in the coming week.
It is increasing and we can see a bullish pullback as likely in the short-term.
A break above 1.3450 would add to the short-term bullish case and open up a re-challenge of 1.3500.
Long-term trend remains bearish however and we reckon 1.3570 would hold in the coming week.
Membre depuis Aug 01, 2014
posts 16
Aug 09, 2014 at 17:17
You can watch my technical and Fundamental united analysis :)
Who is agree with this ?
Who is agree with this ?
Never trade when you are depressed. Just believe that you are right.
Membre depuis Nov 11, 2012
posts 271
Aug 09, 2014 at 22:50
takechance posted:takechance posted:
1.3414 is the nearest up target. Followed by 1.3430 and 1.3470.
Good buying opportunity showing on my chart is 1.3340 - 1.3350 zone.
Happt trading :)
As expected EUR got some weak support arounf 3340-3350 area. Now I will be looking for the nearest upside target of 1.3420. Untill and unless the pair settles above 1.3465 the risk of another down wave remains. So fresh longs should be initiated above that zone but the existing long positions can be slowly unwinded around 1.3420.
Perfect.....1.3420 reached and all positions liquidated.
The market is undecided now about its next move. Most likely a short trade is due as per my chart but its not developed yet.
antariks1@
Membre depuis Nov 11, 2012
posts 271
Aug 10, 2014 at 22:39
EUR might get resistance around 1.3450-1.3460 area. One can short at that level with a stop loss at 1.3495 or at 1.3515 to have some more room. Downside target can be kept at 1.3320-25 area.
Have a nice trading week.
Have a nice trading week.
antariks1@
