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USD/JPY Strength and Weakness in the EURO

TheAnalyst Przesłąno 9 Maj  w #Trader's blog #USD/JPY #USD/CAD #EUR/USD #EUR/GBP
We entered three new trades today. The first one, a LONG position in USD/JPY closed within hours as the pair broke to new highs based on general strength.
The other trades were a SHORT in the EUR/USD and a SHORT in USD/CAD. The USD/CAD is a bit more risky so first we used a small position and second a small profit target at 1.3620. We believe the EUR/USD is going to finally correct after its continuous rise the past couple of weeks, hence a large position and a bigger profit target. Nevertheless…
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EUR Pairs Trading back to "normal"?

TheAnalyst Przesłąno 8 Maj  w #Trader's blog #EUR/GBP #EUR/NOK #French Elections
The end of the French Presidential elections was marked with a Macron win. The EUR/USD did not have much more room to the upside after its continuous rise over the past couple of weeks and indeed it gained only 10 pips from Friday's close on the news, before drifitng down.
For now we are avoiding a trade in the EUR/USD, but a SHORT importunity arose in the EUR/GBP pair. Initally we were aiming for a relatively small profit target but it has the potential of moving toward 0.842, so profit target …
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EUR/GBP Limited Action Expected

TheAnalyst Przesłano 28 Kwi jako Analiza EUR/GBP, Cel: 0.8492, Data: 1 z Czerwiec, 12:00 GMT  w #Technical analysis #EUR/GBP
EUR/GBP has almost filled the French election-related gap. Though overall it looks bearish and usually we'd go with an estimate of trying the lower down channel below 0.83, based on current GBP strength and the expected EUR strength we'll go with a more bullish but limited view seeing the pair going again for the 50% fibonacci level at 0.845 as seen in the daily chart.
Based on the estimation that the pair will remain relatively subdued due to the snap elections in June 7th we'll not go for a hi…
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TheAnalyst 13 Maj

So far the pair has made an effort toward the pre-gap lows going as far as 0.8383, but the strength of the euro after the US CPI and Retail Sales data on Friday 12, saw the pair rising to 0.84881, close to our target. With more than two weeks left in the month it is difficult to say how the pair will close the month. Nevertheless, we believe the EUR/GBP will make another effort toward the lows, where it will most likely be met with more buying interest. If price action happens like that, then 0.85 still looks like a good price target for the May close.

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EURGBP

TheAnalyst Przesłano 15 Paź jako Analiza EUR/GBP, Cel: 0.7565, Data: 1 z Grudzień, 12:00 GMT  w #Technical analysis #EUR/GBP
Even if the charts show like the pair might go down and generally struggle to break up, we continue to believe that eur has depreciated extremely against the gbp and so despite the struggle it will at least try to reach the previous high @0.7590.
BOE will too delay a hike rate for this 2-month period in our view and some data coming in from the UK aren't as positive as others.
Although we'll support in our view a break of the 0.743 level seen in the weekly chart, we'll choose the next fibo level…
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EUR ON THE UP & UP - EURGBP

TheAnalyst Przesłano 13 Wrz jako Analiza EUR/GBP, Cel: 0.7645, Data: 2 z Listopad, 12:00 GMT  w #Technical analysis #EUR/GBP
General chart outlook: Looking at the charts of EURO pairs it seems the EURO in general has reached key SUPPORT levels and is ready for a comeback.
General Macro Outlook: Reading the past few FED statements it seems unlikely a rate hike is coming soon...even so, based on the charts even of the hike does happen, there will be volatility, but the general UPWARD tendencies for the EURO are not likely to change...This view is based only on the key levels the euro has reached, because 1. data have be…
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TheAnalyst 24 Wrz

Just like the EUR/AUD pair the EUR/GBP dropped only less dramatically by about 150 pips after the forecast was posted. All lost ground has been recouped since the fall, which came after some somewhat good GB data, and a close above 0.7450 would be a good sign of a move UP from that level on.

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TheAnalyst 9 Paź

EUR/GBP is still moving within a range 0.718 to 0.743, but after disappointing GBP production numbers today and relative strength in the Euro after an inflation-worrying FED and strong Italian production numbers, it seems to have enough backers that will push it above its upper range bounds sometime next week if not at the US close today. If the break occurs  0.756 should be easily reached. If momentum is strong and no significant corrections occur after that, then our 0.764 should be the next target at the end of the month and also maybe offer some  resistance.

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EUR/GBP Trying For A Break Upward and Failing

TheAnalyst Przesłano 10 Mar jako Analiza EUR/GBP, Cel: 0.8424, Data: 1 z Maj, 12:00 GMT  w #Technical analysis #EUR/GBP
Chart 1: Monthly Chart with 2 different Fibonacci Retracements, lines and MACD.
The lines on the monthly chart show that a break above the 61.8% Fibonacci level (0.85744) is equally as likely as a break below the 0.0% level at 0.81574,while the MACD points to an upward move.
The gray(bigger downward move) Fibo Levels have the 50% level at 0.84174 while the
orange ones at 0.84754 (smaller downward move). Currently we have two positive
candles with their lows above the break line and the price of …
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Monthly Downward Trend for EUR/GBP

TheAnalyst Przesłano 2 Paź jako Analiza EUR/GBP, Cel: 0.8250, Data: 2 z Grudzień, 12:00 GMT  w #Technical analysis #EUR/GBP
The monthly chart for the EUR/GBP points to a strengthening pound for the months to come. The downward trend is expected to reach the 50% Fibonacci level and most likely waver about at around the 0.82-0.8250 level, the price point where there was a bit of a pause before the upward movement of the pair at the end of 2012 as seen in the weekly chart.
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2 Komentarze
stane2405 avatar
stane2405 2 Paź

Monthly is sitting on 100 expansion, retrace possible! Good luck!

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TheAnalyst 2 Paź

Thanks. I'm betting on it!

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