Dislikedas allways tanks for the green pibs T mario draghi says euro will not go lower , last eyar in portugal president of bes portuguese bank says it wase helthy 6 days after it went bankrout ; ) y think they try to relese some pression but , i ve been reading , it look like big corporation start to have problems in market control becouse of retail sailers . i still have my chart saying eur down . loking for seel oportunitis . what do you think about this TIgnored
- #21,323
- Apr 22, 2015 2:14am Apr 22, 2015 2:14am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
EURUSD bounced of 1.0700 region and subsequently it made new daily high at 1.0780. Today we can clearly see inverted head and shoulders pattern and for further continuation up , the price needs to close and stay above 1.0767. H4 close is preferred but even on strong H1 momentum it could break 1.0780 towards 1.0802 ( H4 ) and 1.0855 ( H5 ). If the pair doesn't manage to hold above 1.0767 it may be put in inverted head and shoulders range play between 1.0700 and 1.0767. My view on EURUSD at this point hasn't changed a bit and as long as there is a possibility of a mutual agreement between Greece and EU , the pair should be bought on dips.
- #21,328
- Apr 23, 2015 3:59am Apr 23, 2015 3:59am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
EURUSD is making whipsaw action as the pair is being sold on rallies and both on dips simultaneously. After yesterday's inverted head and shoulders the pair has slumped after the SNB announced fee on deposits and possible negative rates for pension funds. Now the support at 1.0659 is the major downside level for the day as if it breaks EURUSD could proceed lower to test 1.0620. To the upside 1.0745 is the resistance and the pair could test it which would indicate a mixed momentum and possible range play again. Resistance at 1.0800 remains major upside level for the day and if it breaks the pair might head to 1.0850.
- #21,329
- Apr 23, 2015 10:00am Apr 23, 2015 10:00am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
- #21,330
- Apr 24, 2015 2:48am Apr 24, 2015 2:48am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
As we can see on the chart NZDUSD has broken through 0.7633 which is a previous swing and double bottom. The break happened with a strong momentum and the pair looks like it is targeting 0.7510-0.7445 in the course of next couple of days. For a further continuation to the downside the pair must break 100 pip range ( 0.7533 ) level to the downside. So far rallies to 0.7600 ( Double top, round number , DPP ) have been sold and overnight the pair was also sold.Correlation with EURUSD pushed the pair higher but there is a possibility of further selling throughout the day.
- #21,337
- Apr 28, 2015 2:47am Apr 28, 2015 2:47am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
NZDUSD is currently trapped in equidistant channel and it is trying to touch confluence points which we could us for short opportunities. As we can see 0.7655-65 region (H3, previous sellers,previous swing) region already provided some selling in the near past so we could expect initial reaction towards 0.7615 and only if 0.7615 breaks we should have a breakout momentum towards 0.7580. In the case of a stronger pullback 0.7685-0.7695 will make equidistant channel upper trendline re-adjusted so we will have confluence ( equidistant channel upper line, H4, previous swing, 78.6 ) for selling towards 0.7655 and 0.7615 is 0.7655 breaks. The range on the pair is not big -86 for the previous 5 days with 78 for yesterday so that is why we should not expect big movements at this point.
