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  • #22,601
  • Mar 8, 2016 11:09am Mar 8, 2016 11:09am
+ 60 pips now

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  • #22,602
  • Mar 9, 2016 4:10am Mar 9, 2016 4:10am
This week we have the ECB meeting, with analysts predicting further forms of QE by reducing deposit rates, which should weaken the EUR. Of recent, we've seen Commodities prices rebound, in particular Iron Ore, Copper, Gold, OIl (and coupled pricing on LNG), all key exports of Australia, causing AUD to appreciate. On this basis, should commodities prices continue to recover and ECB introduces further QE then EURAUD will proceed below our daily target that is 1.4650 and might extend to 1.4350 that is clearly seen on daily chart with a strong T-89 pattern rejection.
On intraday charts we have 2 POCs. 1.4750 zone (trend line and L3 X cross breakout) and 1.4810-30 (DPP, H3, EMA89) should reject the price if we see a retracement but currently we see a possible momentum break of L4 level. The price is currently 1.4690 and it is targeting 1.4640.
Pay attention to this pair as both technical and fundamentals are aligned and that provides great trading opportunities.
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  • #22,603
  • Mar 9, 2016 7:19am Mar 9, 2016 7:19am
Quoting T@rantula
This week we have the ECB meeting, with analysts predicting further forms of QE by reducing deposit rates, which should weaken the EUR. Of recent, we've seen Commodities prices rebound, in particular Iron Ore, Copper, Gold, OIl (and coupled pricing on LNG), all key exports of Australia, causing AUD to appreciate. On this basis, should commodities prices continue to recover and ECB introduces further QE then EURAUD will proceed below our daily target that is 1.4650 and might extend to 1.4350 that is clearly seen on daily chart with a strong T-89...
Target hit!
  • #22,604
  • Mar 9, 2016 7:23am Mar 9, 2016 7:23am
Quoting T@rantula
{quote} Target hit!
you are marksman T
  • #22,605
  • Mar 9, 2016 8:57am Mar 9, 2016 8:57am
Quoting juisen25
{quote} you are marksman T
Haha Thanks Juisen!
  • #22,606
  • Mar 9, 2016 10:33am Mar 9, 2016 10:33am
Trade of the week $USDCAD

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  • #22,607
  • Mar 9, 2016 1:24pm Mar 9, 2016 1:24pm
Quoting T@rantula
Trade of the week $USDCAD {image}
Hey there, Nenad!

Just stopping by to say "hi!". I see you're still banking a lot of pips, as usual.

Have a good evening!
  • #22,608
  • Mar 9, 2016 11:06pm Mar 9, 2016 11:06pm
Hello T

Thanks a lot for all those analysis been taking benefit of those from shadows but have been following you for a while. Would you place any trades during the ECB release, there are quite a few critical news release today. Fundamentally (RBNZ) I was shaken up few hours ago so not sure to trade ECB news or not. Your thoughts?
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  • #22,609
  • Mar 10, 2016 3:12am Mar 10, 2016 3:12am
Quoting catalin_eros
{quote} Hey there, Nenad! Just stopping by to say "hi!". I see you're still banking a lot of pips, as usual. Have a good evening!
Hi Catalin, long time no see. How are you doing???
  • #22,610
  • Mar 10, 2016 3:13am Mar 10, 2016 3:13am
Quoting Brook
Hello T Thanks a lot for all those analysis been taking benefit of those from shadows but have been following you for a while. Would you place any trades during the ECB release, there are quite a few critical news release today. Fundamentally (RBNZ) I was shaken up few hours ago so not sure to trade ECB news or not. Your thoughts? {image}
Hi Brook!

No trades during ECB. Be patient. You dont need to trade each day. Sometimes not having a position equals to being in a profit
  • #22,611
  • Mar 10, 2016 3:40am Mar 10, 2016 3:40am
Quoting T@rantula
{quote} Hi Brook! No trades during ECB. Be patient. You dont need to trade each day. Sometimes not having a position equals to being in a profit
Sure got it thanks...though I am excited to see what actually happens and how does the market react. Sure will be fun.
  • #22,612
  • Mar 10, 2016 7:31am Mar 10, 2016 7:31am
How come there is no data release on ECB conference ? Any ideas T?
  • #22,613
  • Mar 10, 2016 8:16am Mar 10, 2016 8:16am
What caused this? Damn
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  • #22,614
  • Mar 10, 2016 9:16am Mar 10, 2016 9:16am
Quoting Brook
What caused this? Damn {image}
Hi Brook

I suggest you follow the ECB meetings and US FRB meetings on this link:
http://www.forexlive.com/

I think specifically it was when Draghi indicated no further rate cuts, causing EURUSD to spike up.
http://news.forexlive.com/!/draghi-q...-2016-20160310

Cheers
  • #22,615
  • Mar 10, 2016 9:24am Mar 10, 2016 9:24am
As presumed the ECB decision made a hectic movement on Forex and Equities. The ECB decided to cut main refinance rate to 0.0% while markets expected 0.05% + deposit rate was cut to -0.40% vs 0.40% expected. Four new Targeted longer-term refinancing operations (TLTROs) have been announced with QE shift to €80bn Initially EURUSD has been sold to 1.0820 but when Draghi stated there will be no rate cuts Algos stepped in, equities were sold and that created a huge move up in the EURUSD towards 1.1115. Equities have a strong correlation to Forex as explained in our webinars and it can cause massive whipsaws in price action.
Technically the EURUSD is possibly showing a MASTER candle on Daily time frame and it marks clear support and resistance levels. EURUSD is looking bullish now with 1.1115 as resistance and 1.0820 as support. The daily candle serve as the best indicator of interim support and resistance where levels are clearly defined by price action in now moment,Any spike and daily close above 1.1115 will aim for 1.1215 and 1.1376 while a daily close below 1.0820 would aim for 1.0770 and 1.0700. Adding to EURUSD bullishness we see a failed bearish pennant on daily but watch for daily close above or below the master candle for next direction. My current guess it will be bullish.

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  • #22,616
  • Mar 10, 2016 9:58am Mar 10, 2016 9:58am
Quoting Brook
What caused this? Damn {image}
That spike happened after Draghi speech...
You can check back the content of his speech on FF
It is posted there.
  • #22,617
  • Mar 11, 2016 1:28am Mar 11, 2016 1:28am
I know this is mainly an FX thread, but thought I might share my post on a break-out trade earlier on the Dax30 (Equities) when the market opened.

There is a method to the madness.


http://www.forexfactory.com/showthre...52#post8807952
  • #22,618
  • Mar 11, 2016 8:08am Mar 11, 2016 8:08am
Quoting PariCovek
I know this is mainly an FX thread, but thought I might share my post on a break-out trade earlier on the Dax30 (Equities) when the market opened. There is a method to the madness. http://www.forexfactory.com/showthre...52#post8807952
Yes, an excellent post. You are definitely the top equity trader. Thumbs up!
  • #22,619
  • Mar 11, 2016 8:09am Mar 11, 2016 8:09am
NZDUSD analysis with Fxstreet

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  • #22,620
  • Mar 11, 2016 8:53am Mar 11, 2016 8:53am
+40 pips in profit now!!

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