- #1,067,785
- May 20, 2016 3:24pm May 20, 2016 3:24pm
- Joined Dec 2015 | Status: Trader | 7,803 Posts
{quote} But don't listen me, I don't trade uj, don't know rhythm of that pair etc. That was 1 minute 'long' look, so don't take my opinion serious!
- but ill more than likely close before - probs around 108 - perhaps leave one
- #1,067,786
- Edited 4:23pm May 20, 2016 3:57pm | Edited 4:23pm
- Joined Dec 2012 | Status: Trader | 1,798 Posts
Maybe a little too early....but I'm already ready for the Monday-session 
USDX
move down (from 100.51 to now) looks as a double
last wave (abc-wave) has correct ratios....last wave-c of this wave b is correct to the pip!
besides that: in the H1-chart I can see bearish divergency in the HEW RSI
in the H4 and D1 chart HEW RSI shows overbought
So for me technically it really looks if the usdx is at a turning point here....and so I expect the last wave-c in this double. before usdx can get strength again
And so for the next week I'm bearish for the dollar
EURUSD
If we look to the eurusd...well the count was broken last week. Anyway this count was a big struggle to fit all the smaller waves correctly into the bigger waves. Actually it was a real fight! After the break of the count there is left one possible bullish count. The wave iii from this count (from 1,0777 to 1,1616) is 20 points above a normal ratio range for a wave iii. So this wave is actually a little bit long.... but oke if it is there we can't ignore it ofcourse.
The question is ofcourse "is this the final and correct count"?! Well the dollar looks bearish for the coming sessions to me. That means the eurusd must be bullish. In this case they are matching in the longer time-frames.
We also have a bullish engulfing pattern on the D1-chart...also a possible bullish sign.
I also think the development of today looks promising (in terms of the count) for a bullish view to the eurusd...
If so then the count is suggesting this last wave-v (or for the major count (brown) wave (b)) somewhere between 1,1714-40 ofcourse this is an estimate value and must be fine-tuned if the coming wave is in development.
After this high I expect the long-long-long move-down (this comes from the estimate values from the major wave-count)!
Besides this analysis....we still need to be careful...the turn-around is just in the beginning-fase and I think still fragile!! After the next session we now probably more...
So....now it's weekend...I give myself a beer
Have a great weekend!
USDX
move down (from 100.51 to now) looks as a double
last wave (abc-wave) has correct ratios....last wave-c of this wave b is correct to the pip!
besides that: in the H1-chart I can see bearish divergency in the HEW RSI
in the H4 and D1 chart HEW RSI shows overbought
So for me technically it really looks if the usdx is at a turning point here....and so I expect the last wave-c in this double. before usdx can get strength again
And so for the next week I'm bearish for the dollar
EURUSD
If we look to the eurusd...well the count was broken last week. Anyway this count was a big struggle to fit all the smaller waves correctly into the bigger waves. Actually it was a real fight! After the break of the count there is left one possible bullish count. The wave iii from this count (from 1,0777 to 1,1616) is 20 points above a normal ratio range for a wave iii. So this wave is actually a little bit long.... but oke if it is there we can't ignore it ofcourse.
The question is ofcourse "is this the final and correct count"?! Well the dollar looks bearish for the coming sessions to me. That means the eurusd must be bullish. In this case they are matching in the longer time-frames.
We also have a bullish engulfing pattern on the D1-chart...also a possible bullish sign.
I also think the development of today looks promising (in terms of the count) for a bullish view to the eurusd...
If so then the count is suggesting this last wave-v (or for the major count (brown) wave (b)) somewhere between 1,1714-40 ofcourse this is an estimate value and must be fine-tuned if the coming wave is in development.
After this high I expect the long-long-long move-down (this comes from the estimate values from the major wave-count)!
Besides this analysis....we still need to be careful...the turn-around is just in the beginning-fase and I think still fragile!! After the next session we now probably more...
So....now it's weekend...I give myself a beer
Have a great weekend!
You can manage risk, but you can't manage the return
- #1,067,787
- May 21, 2016 12:53am May 21, 2016 12:53am
- Joined Dec 2015 | Status: Trader | 14,259 Posts
I am sorry, guys. There is a difference between expertise and faith. Market does not move because of drawings. Oh, wait... Maybe it moves because of drawings. The ones that are issued on small pieces of paper.
Member
- #1,067,788
- May 21, 2016 10:33am May 21, 2016 10:33am
- | Joined Aug 2015 | Status: Quant Analyst and Programmer | 102 Posts
Possible breakout coming up next week: 
Old ways dont open new doors
- #1,067,790
- May 21, 2016 10:52am May 21, 2016 10:52am
- Joined Dec 2015 | Status: Trader | 7,803 Posts
time will tell - BoA also said they have EU at 0.8 by end of year... doubt that as well, but I'm not the ones making those calls in the positions they hold either
- #1,067,791
- May 21, 2016 11:00am May 21, 2016 11:00am
{quote} time will tell - BoA also said they have EU at 0.8 by end of year... doubt that as well, but I'm not the ones making those calls in the positions they hold either
well, everything can happen
Libenter homines id quod volunt credunt
- #1,067,792
- May 21, 2016 12:28pm May 21, 2016 12:28pm
- Joined Dec 2013 | Status: Trader | 19,815 Posts
- #1,067,793
- May 21, 2016 1:21pm May 21, 2016 1:21pm
- Joined Dec 2012 | Status: Lions don't bleat! | 2,874 Posts
Wait, or you will be slaughtered!
- #1,067,795
- May 21, 2016 6:54pm May 21, 2016 6:54pm
- | Joined Jan 2013 | Status: Trader | 458 Posts
Wow. EURUSD has been bought heavily looking for 1.16+
- #1,067,796
- May 21, 2016 7:49pm May 21, 2016 7:49pm
{quote} Wow. EURUSD has been bought heavily looking for 1.16+
Good luck arash66110
Libenter homines id quod volunt credunt
- #1,067,797
- May 21, 2016 11:52pm May 21, 2016 11:52pm
- | Joined Jul 2012 | Status: Trader | 1,036 Posts
So, you think you have rights? LOL
- #1,067,799
- May 22, 2016 4:33am May 22, 2016 4:33am
- Joined Jun 2015 | Status: Trader | 14,961 Posts
Beware of robber banks (RB), bad advisors. 
- #1,067,800
- May 22, 2016 4:57am May 22, 2016 4:57am
- | Joined Jan 2013 | Status: Trader | 458 Posts
{quote} means the USD itself n not in the exchange rate