Menu
Search
Sister Sites

  • EUR/USD Forecast Dec. 4-8 2017

    From forexcrunch.com

    EUR/USDstruggled to continue advancing as the dollar found its footing. The upcoming week features a constant stream of data including PMIs, industrial output and more. Here is an outlook forthe highlights of this week and an updated technical analysis for EUR/USD. Inflation fell below expectations for the second month in a row, weighing on the euro. This vindicates Draghi's cautious stance. The good news comes from a surprising drop in unemployment to 8.8%. Hopes for a grand coalition in Germany continued helping the euro. In the US, upbeat new home sales helped the dollar recover as Powell tried not rocking the ... (full story)

  • Post #1
  • Quote
  • Edited at 5:45am Dec 3, 2017 5:30am | Edited at 5:45am
He remains bullish? Wow!

I am bearish for now:
1.1850
1.182x
1.180x

And of course I could be completely wrong.

Cheers
Quoting NotAtrader
He remains bullish? Wow! I am bearish for now: 1.1850 1.182x 1.180x And of course I could be completely wrong. Cheers
Same here...waiting for spikes above 1900 to short them...ideally above 1950...targets 1780 and in medium term 1670.
Quoting OnlineAddict
{quote} Same here...waiting for spikes above 1900 to short them...ideally above 1950...targets 1780 and in medium term 1670.
This is too faraway for me bro. I can only see 10 minutes in the future. But yes - bearish is the name of the game, me thinks...

Let’s see
Quoting NotAtrader
He remains bullish?
lol. well, yeah, he's a writer and editor. he ain't a trader, so never mind this guy. )))
  •  Guest
  • | IP XXX.XXX.15.63
The Euro is incredibly interesting right now. Why? It is at one of those critical turns that should declare longer-term direction but that appears hesitant to do so. Everywhere you look -----------------> inclusive of MN (the market) and all frames to its left the Euro has topped. But there is an incomplete quality to this claimed state of the system because the Euro remains persistent to the upside. Well one would suggest that Euro has topped and the persistence up is part of the end behaviours to expect in a topping regime. Therefore if such a scenario is correct then, 1.20921 is an active reversal point and the argument here is that it is unlikely to be violated at this point. Really? "unlikely to be violated"? Well that is to say there is a 1/20 or 5% chance I am wrong ----------> that risk calculated by a nonlinear regressor that has a near perfect record of interpolating the zero bar per time frame. Bottom line is that I think that as a pair the Euro is setting up for a sustained fall but may harass its current top in this process without violating it.

(-_-)
Fundie events keep showing Dollar growth, but Trump stumbles continue to make the Big Boys nervous. What if he is in political trouble because of all the investigations is the question? The passage of the tax bill(s) in both houses of Congress is significant for the economy and expect a positive resolution on that before the end of the year.

There is little the Trump enemies can do about that so expect a expansion of the economy whatever happens. I look for a positive move in the Dollar DX early this week and the future looks bright for the dollar as well.
The eur is building a double top around 1.1930 on the daily chart, the first top broke down to 1.1835 while the second fell back from a lower high but end in a position where it may gather some short lived momentum upwards. My bet is that it is close to a very descent fall to 1.1580 in the coming week.
I think either of these scenarios will play out.

1. A touch of 1.2090 before next week Wednesday (Fed) rate decision and a descent to 1.16.. before the end of the year (expect end of year spike though) - If the Fed increases the rate

2. A surge beyond 1.22 if Fed disappoints with the rate increase
  •  Guest
  • | IP XXX.XXX.48.139
Quoting Bakker
The eur is building a double top around 1.1930 on the daily chart, the first top broke down to 1.1835 while the second fell back from a lower high but end in a position where it may gather some short lived momentum upwards. My bet is that it is close to a very descent fall to 1.1580 in the coming week.
building a double top while it have built already a double bottom. pattern in a pattern is always interesting.
  •  Guest
  • | IP XXX.XXX.115.126
Quoting Guest
{quote} building a double top while it have built already a double bottom. pattern in a pattern is always interesting.
Price patterns are shapes read in static but the market is dynamical so they cannot hold (as in they are not at all dependable forecasters of any future at all). Indeed, fractal geometry (which is the best explanator of the shapes we see in charts) is about the behaviour of the numbers that form the shapes in the first place and not the shapes per se. Price patterns will always remain undependable and are no different than the shapes we imagine we see in clouds (another chaotic system) ---------------> now here then gone with us unable to predict what it might resolve into next. A word is enough for the wise.

(-_-)
Quoting NotAtrader
He remains bullish? Wow! I am bearish for now: 1.1850 1.182x 1.180x And of course I could be completely wrong. Cheers
First target hit
technically the trend is bullish...can't people see there's a higher low and higher high on the daily chart ??
Quoting NotAtrader
He remains bullish? Wow! I am bearish for now: 1.1850 1.182x 1.180x And of course I could be completely wrong. Cheers
Target 1 hit
Target 2 hit
Target 3 hit

Cheers
Quoting NotAtrader
{quote} Target 1 hit Target 2 hit Target 3 hit Cheers
Yohay is the best indicator!!!!
Noone better.

90% wrong calls!!!!!! Who can beat that!!!!!
Quoting Not-KPMG
{quote} Yohay is the best indicator!!!! Noone better. 90% wrong calls!!!!!! Who can beat that!!!!!
No one can beat that 😊
  •  Guest
  • | IP X.XXX.214.179
Join FF
  • Story Stats
  • Posted: Dec 3, 2017 5:19am
  • Submitted by:
     Yohay
    Category: Fundamental Analysis
    Comments: 15  /  Views: 4,647