EUR/USD
Uczestnik z Nov 12, 2010
178 postów
Jan 29, 2015 at 09:53
With it breaking through 1.13100, I decided to buy and see how high it will go. Didn't seem to be able to break through 1.1255 at this time and with German data doing ok, it seems to be holding the downtrend in check.
See my profile or message me for my latest EA
Uczestnik z Oct 08, 2011
137 postów
Jan 29, 2015 at 10:05
sherifFares posted:
if price fell under yesterday's low I am going to go short to 1.22
When prices trade through the low of yesterday by at least 1 pip (which they have), then the high from yesterday and the high from Tuesday become a major buy-stop entry price (either high + 1 pip)
This is only valid, if the low from Monday is not violated. Prices must stay 1 pip above the low from Monday.
"a little bit of knowledge is a dangerous thing"
Uczestnik z Apr 08, 2014
1141 postów
Jan 29, 2015 at 11:03
EURUSD fell during yesterday session in a typically digestion day with a narrow range day that created an inside day. The pair fell 6.41% since the star of the year and closed near the low of the day. Stochastic is showing a slight bullish momentum and a close above the 10 day moving average could signal a stronger bullish correction.
"I trade to make money not to be right."
Uczestnik z Nov 12, 2010
178 postów
Jan 29, 2015 at 13:33
Made a little profit on the Buy, now back in the Sell, Strong US Employment data should drive it down.
See my profile or message me for my latest EA
Uczestnik z Jul 10, 2014
1117 postów
Jan 29, 2015 at 18:41
Consolidation continued today for the EUR/USD in the form of a narrow range. The pair has been testing the support around 1.1280 but couldn't break below it. There's very little volatility at the moment and that might continue until next week.
Uczestnik z Apr 09, 2014
834 postów
Jan 29, 2015 at 21:34
victoriajensen posted:
Consolidation continued today for the EUR/USD in the form of a narrow range. The pair has been testing the support around 1.1280 but couldn't break below it. There's very little volatility at the moment and that might continue until next week.
I agree with you, eur/usd is back to 1.13 level after testing 1.1280, correction continues.
Uczestnik z Jun 08, 2014
413 postów
Jan 29, 2015 at 21:44
honeill posted:
EURUSD fell during yesterday session in a typically digestion day with a narrow range day that created an inside day. The pair fell 6.41% since the star of the year and closed near the low of the day. Stochastic is showing a slight bullish momentum and a close above the 10 day moving average could signal a stronger bullish correction.
I agree with you that the correction getting strong, thank you.
Uczestnik z Jun 07, 2011
372 postów
Jan 29, 2015 at 22:11
EUR / USD fell yesterday and fell below 1.1300.
The short-term momentum indicates the downward path.
The RSI has moved downwards after finding resistance at line 50 and the MACD, already below its zero line, seems to cross below its signal line.
The EURUSD is trading below the moving averages 50 and 200 periods, the medium-term trend remains downward.
R3 - 1.14594
R2 - 1.14208
R1 - 1.13528
Daily Std. Pivot - 1.13142
S1 - 1.12462
S2 - 1.12076
S3 - 1.11396
The short-term momentum indicates the downward path.
The RSI has moved downwards after finding resistance at line 50 and the MACD, already below its zero line, seems to cross below its signal line.
The EURUSD is trading below the moving averages 50 and 200 periods, the medium-term trend remains downward.
R3 - 1.14594
R2 - 1.14208
R1 - 1.13528
Daily Std. Pivot - 1.13142
S1 - 1.12462
S2 - 1.12076
S3 - 1.11396
Uczestnik z Oct 11, 2013
775 postów
Jan 30, 2015 at 01:12
The EURUSD still consolidating below the 1.1400 level.
Uczestnik z Jul 10, 2014
1117 postów
Jan 30, 2015 at 12:05
The EUR/USD narrow range continued today and any big changes are unlikely to happen before Monday. I think the target of this consolidation is likely around 1.1450 but what will follow next depends on whether the pair will manage to break above that level.
Uczestnik z Jun 08, 2014
454 postów
Jan 30, 2015 at 13:38
victoriajensen posted:
The EUR/USD narrow range continued today and any big changes are unlikely to happen before Monday. I think the target of this consolidation is likely around 1.1450 but what will follow next depends on whether the pair will manage to break above that level.
I am agree the range is narrow and price is not moving
Uczestnik z Jan 16, 2014
416 postów
Jan 30, 2015 at 14:56
I think it is time to build up another short basket. 😄
Uczestnik z Apr 08, 2014
1141 postów
Jan 30, 2015 at 15:00
It’s been a fundamentally eventful start to the year for the global economy’s central banks – the SNB removing its peg, the ECB announcing a 1.1 trillion euro stimulus package, and now Yellen privately hinting to US lawmakers that a rise in interest rates might not come as soon as the markets expect. The technicals, as usual, reflect this recent uncertainty in the form of a triangle consolidation pattern (pennant) over the course of the week.
I remain technically bearish on the pair under its 10-day moving average (it has been under this level since mid-December) at 1.1350, though we really need a break above 1.1450 (above the 61.8% retracement level) to confirm the medium-term downtrend has ended.
I remain technically bearish on the pair under its 10-day moving average (it has been under this level since mid-December) at 1.1350, though we really need a break above 1.1450 (above the 61.8% retracement level) to confirm the medium-term downtrend has ended.
"I trade to make money not to be right."
Uczestnik z Jun 08, 2014
413 postów
Jan 30, 2015 at 19:00
honeill posted:Excellent analysis, thank you.
It’s been a fundamentally eventful start to the year for the global economy’s central banks – the SNB removing its peg, the ECB announcing a 1.1 trillion euro stimulus package, and now Yellen privately hinting to US lawmakers that a rise in interest rates might not come as soon as the markets expect. The technicals, as usual, reflect this recent uncertainty in the form of a triangle consolidation pattern (pennant) over the course of the week.
I remain technically bearish on the pair under its 10-day moving average (it has been under this level since mid-December) at 1.1350, though we really need a break above 1.1450 (above the 61.8% retracement level) to confirm the medium-term downtrend has ended.
Uczestnik z Nov 12, 2010
178 postów
Jan 30, 2015 at 23:06
So I am in a Buy Position and holding over the weekend for E/U. What does everyone else have for trades and/or think what direction it will go short term at the beginning of next week. Long term I see more bearish movement, but took a chance with some short term upward movement at the beginning of the week before news hits.
See my profile or message me for my latest EA
Uczestnik z Apr 14, 2014
230 postów
Jan 31, 2015 at 00:43
I remain bearish, for any upward movement I think Honeill was right, we really need to see a break above 1.1450.
Jan 31, 2015 at 08:41
honeill posted:
It’s been a fundamentally eventful start to the year for the global economy’s central banks – the SNB removing its peg, the ECB announcing a 1.1 trillion euro stimulus package, and now Yellen privately hinting to US lawmakers that a rise in interest rates might not come as soon as the markets expect. The technicals, as usual, reflect this recent uncertainty in the form of a triangle consolidation pattern (pennant) over the course of the week.
I remain technically bearish on the pair under its 10-day moving average (it has been under this level since mid-December) at 1.1350, though we really need a break above 1.1450 (above the 61.8% retracement level) to confirm the medium-term downtrend has ended.
😀 Good One |
How about the people saying that EURUSD will have the downward trend to 1.115 ?
Thanks, Prachait
Forex - Currency Trading is for Living |
Uczestnik z Jun 07, 2011
372 postów
Jan 31, 2015 at 14:03
EUR / USD has consolidated yesterday.
German data indicates that is in deflation what increases the possibility of more falls, as shown in the daily chart.
In the long term perspective is downward since the EUR / USD is showing minimum and maximum lower and below the moving averages 50 and 200 days.
R3 - 1.14751
R2 - 1.14212
R1 - 1.13691
Daily Std. Pivot - 1.13152
S1 - 1.12631
S2 - 1.12092
S3 - 1.11571
German data indicates that is in deflation what increases the possibility of more falls, as shown in the daily chart.
In the long term perspective is downward since the EUR / USD is showing minimum and maximum lower and below the moving averages 50 and 200 days.
R3 - 1.14751
R2 - 1.14212
R1 - 1.13691
Daily Std. Pivot - 1.13152
S1 - 1.12631
S2 - 1.12092
S3 - 1.11571
