FXコミュニティのブログ

タグ・フィルター:  2005 Low
Avatar

EURo to remain heavy

Monthly chart
The pair has been in downtrend since May 2014. After it broke below the longer-term trendline that supports lows of years 2005, 2010 and 2012, a series of important levels gave way, including 2012, 2010 and 2005 lows. The levels were falling like dominoes before the rout finally stopped near the declining channel-line drawn off 2008 and 2010 lows and the trendline that connects 1985 and 2000 lows.
Weekly chart
The low was put in place at 1.0462 after stops below 1.05 were cleared. …
全て読む
翻訳する: 英語 オリジナルを表示
al_dcdemo avatar
al_dcdemo 2015年11月20日

UPDATE 4: Broader U.S. dollar selling, that started yesterday after publication of the last FOMC meeting Minutes, continued today. Euro rallied a good cent before it ran out of steam above 1.0750. Long term trendline, which I wrote about in my article few weeks ago, is holding for now. However, most signs are pointing to lower prices and the trendline may well give way in the weeks ahead. That would open door to parity (1.00) and maybe even below that, with 0.85 level being often cited in financial media.

al_dcdemo avatar
al_dcdemo 2015年11月22日

UPDATE 5: Euro lost nearly a cent in the past week against the dollar. Weekly range was worth little less than a cent and a half. The pair started the week on the back foot and convincingly broke below 1.07. It fell to as low as 1.0617, the lowest since mid April. It corrected some of its losses on Thursday, but then Draghi's speech on Friday sent it back to the lows.

al_dcdemo avatar
al_dcdemo 2015年11月23日

UPDATE 6: Week ahead features a couple of European economic indicators, including PMIs and German Ifo Business Climate. U.S. will report several important data points too: Prelim GDP, CB Consumer Confidence and (Core Durable) Goods Orders. Technical bias in the pair is still bearish though probability of a near term correction is rising as we are approaching 1.05.

al_dcdemo avatar
al_dcdemo 2015年11月27日

UPDATE 7: Euro lost about a half of a cent against the dollar this week. The range has been tighter than the previous week's one - it was roughly a cent and a quarter wide. The pair extended its decline past last week's low and also closed there. Since mid October, when Draghi revealed that the ECB will review its current policy, the pair has posted five losing weeks out of six.

al_dcdemo avatar
al_dcdemo 2015年11月29日

UPDATE 8: Next week is the first big week of December, particularly for the Euro. ECB will likely cut the deposit rate and perhaps extend and/or expand its QE program. U.S. macroeconomic data released in the week ahead includes: ISM Manufacturing PMI, ISM Non-Manufacturing PMI and NFP report. The pair is holding just above the resistance band, defined by March (~1.0460) and April (~1.0520) lows. We'll not have to wait too long to see whether it holds or breaks.

もしくはコメントを残す
Avatar

EUR/USD to continue to rise slowly

Monthly chart:
The pair has been in a downtrend since May 2014. After it broke below the longer-term trendline that supports lows of years 2005, 2010 and 2012, a series of important levels gave way: 50.0% retracement (of the 2000 to 2008 uptrend), 2012 low, 2010 low, 2005 low and 61.8% retracement. The levels were falling like dominoes before the rout finally stopped near the declining channel-line (drawn off 2008 and 2010 lows). Further support comes in at 2003 low (1.0331) and then at 76.4% re…
全て読む
翻訳する: 英語 オリジナルを表示
al_dcdemo avatar
al_dcdemo 2015年10月02日

UPDATE 2: It was a range-bound week in the pair, though the range was of decent size, nearly 200 pips. One notable characteristics is the convergence of 50, 100 and 200 DMA, which are forming a strong support zone near 1.1150. The pair was testing the zone while surprisingly weaker than expected US payroll report was released and that sent it all the way to the other side of the range.

al_dcdemo avatar
al_dcdemo 2015年10月05日

UPDATE 3: Following poor NFP report, strongly rally and a decent pullback on Friday, Euro started the week as expected and rose 80+ pips from the open. The rally stalled ahead of resistance band at 1.1300 - 1.1325 (00's, Daily Resistance 1, Weekly Resistance 1, Previous Week High). It pulled back and is finding some support between 1.1235 and 1.1250 (H4 200 SMA, 50's, H4 100 SMA, Monthly Pivot Point). If it doesn't turn back up from here, 200 DMA (~1.1170) may come back into focus.

al_dcdemo avatar
al_dcdemo 2015年10月09日

UPDATE 4: The pair broke from recent consolidation between 1.11 and 1.13. It gained 130 pips on the week despite that euro was sold strongly against commodity currencies. Combo of three daily moving averages (now at 1.1150 -  1.1200) proved as a solid support while also providing "golden cross" signal. 50 DMA crossed over 200 DMA last Friday, 100 DMA is just about to do the same.

al_dcdemo avatar
al_dcdemo 2015年10月17日

UPDATE 5: The pair ended the week about 15 pips lower. Starting with sideways action on Monday, volatility picked up on Tuesday and especially on Wednesday when the pair broke above September high (1.1460) and tested 1.15. The test was successful and the pair pared all gains in the remaining two days. Weekly candle resembles a shooting star and implies a retest of recent range bottom near 1.11.

al_dcdemo avatar
al_dcdemo 2015年10月19日

UPDATE 6: Euro started the week with lacklustre sideways trading in a 40-pip range. Highlight of the week is the ECB meeting on Thursday and, while many are expecting them to signal further easing, chances are that it won't happen yet. The pair is now trading comfortably above 50, 100 and 200 DMA and looks well supported in the dips in this weak dollar environment.

もしくはコメントを残す
Avatar

EUR/USD to stay in upward sloping channel

Monthly chart:
The pair has been in a downtrend since May 2014. After it broke below the longer-term trendline that supports lows of years 2005, 2010 and 2012, a series of important levels gave way: 50.0% retracement (of the 2000 to 2008 uptrend), 2012 low, 2010 low, 2005 low and 61.8% retracement. The levels were falling like dominoes before the rout finally stopped near the declining channel-line (drawn off 2008 and 2010 lows). Further support comes in at 2003 low (1.0331) and then at 76.4% re…
全て読む
翻訳する: 英語 オリジナルを表示
al_dcdemo avatar
al_dcdemo 2015年09月06日

UPDATE 4: Calendar for the week ahead is lacking significant Euroarea events, while US top tier events (PPI, Unemployment Claims, Prelim UoM Consumer Sentiment) are scarce too. Technically, the pair is holding just above 50 and 100 DMA with an additional buffer of 80 pips down to 1.10 level. And, if all that fails, there's channel support zone (1.09 - 1.10) as the last line of defence for the bulls.

al_dcdemo avatar
al_dcdemo 2015年09月11日

UPDATE 5: The pair spent the first part of this lacklustre week in a tight sideways congestion, slowly grinding up and managed to close post-ECB decline by Thursday. On the same day the pair broke higher and traded up at 1.13 before pulling back. It appears poised to close the week below that level, but it depends on what today's US session and pre-weekend flows may bring.

al_dcdemo avatar
al_dcdemo 2015年09月12日

UPDATE 6: Next week will be big not only for the Euro but for all global markets. FOMC will meet on September 17th and it is quite possible that they will initiate the long awaited tightening of their monetary policy. If that materializes, the pair may find itself testing 1.10 and perhaps below, depending on the rhetorics from the committee. On the flipside, if they pass on the lift-off, the pair may get quick to bump into 1.15.

al_dcdemo avatar
al_dcdemo 2015年09月25日

UPDATE 7: Euro staged an impressive rally yesterday but then reversed at the end of the European session. Hawkish remarks from Fed Chair Yellen right after the US market close led to another 60 pip decline and the pair is now trading near yesterday's opening levels. The pair is sandwitched between three important moving averages: 200 DMA above (~1.1190) and 50 and 100 DMA below (~1.1145). Judging by yesterday's strong rejection near 1.13, perhaps the most likely scenario is a retest of the seven-month channel bottom near 1.10.

al_dcdemo avatar
al_dcdemo 2015年09月28日

UPDATE 8: There's plenty of economic data coming out from Europe this week, but nothing particularly market moving apart from perhaps inflation report. Fed speakers, CB Consumer Confidence, ISM Manufacturing PMI and NFP figures will be the main events from across the big pond. Ignoring DMAs, initial support is seen in 1.1090 - 1.1120 band (Previous Day Low, Previous Week Low, 00's, Weekly Support 1) and resistance between 1.1240 and 1.1260 (Daily Resistance 1, 50's, Monthly Pivot Point).

もしくはコメントを残す