Community
Blog
TheAnalyst's Blog

TheAnalyst's Blog

Avatar

EUR Pairs Trading back to "normal"?

TheAnalyst Posted 8 May  in #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 …
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

Market Quiet Before FOMC Statement

TheAnalyst Posted 3 May  in #Trader's blog #EUR/USD #Fed #EUR/NOK #Fomc Statement #Crude Oil Inventories
Relative quite in the market today, before the FOMC statement and the FED funds rate announcements scheduled for later today. The EUR/USD is in need of a correction, but technicals are mixed with an almost incomprehensible--based on sustained high levels--LONG bias.
Nevertheless, it is not clear whether the market awaits the FED news to move clearly in a direction or the final result of the French elections at the end of the week. As far as trading goes it might be tempting to enter a trade tomo…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

Difficult Week for Currency Trading

TheAnalyst Posted 2 May  in #Trader's blog #GBP/USD #USD/JPY #EUR/USD #EUR/NOK
The awaited election results are keeping most EUR pairs at high levels, the EUR/USD in particular. Good PMI numbers haven't yet given a bullish signal in GBP/USD, which is caught in an upward channel, but at the same time in high levels and with no recent retracement to enter a long trade with confidence. EUR/GBP has been going up but we're still looking for a short trade as technicals support one in the medium-term.
Today, we entered (so far) two trades:
1. a long in USD/JPY, there's lots of b…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

EURNOK Failing to Push Through Based on Oil Strength

TheAnalyst Posted 31 Mar. as Analysis on EUR/NOK, Target: 9.01, Date: 1st of May, 12:00 GMT  in #Technical analysis #EUR/NOK #Eurnok
On the daily chart the pair seems to be poised for further heights. However we expect that oil prices will manage to move above $50, potentially after an extension of the OPEC output cut agreement. Additionally, the 9.25 level has served as resistance twice now.
A downward move is also supported by the weekly chart technical analysis, where we can see 9.267 being a 50% fibo retracement level of a bigger downward move and the pair still being within the downward channel. Based on the two charts w…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

2 Comments
TheAnalyst avatar
TheAnalyst 7 Apr.

The pair tested again previous highs but was knocked down again. A spike in crude oil prices after US missiles hit a Syria target gave the pair more downward momentum in early Friday as well. There's still lots of upward pressure and strong support though, so there are still doubts about the pair's immediate movements.

TheAnalyst avatar
TheAnalyst 13 Apr.

The pair stopped testing the highs and has moved down this week, close to reaching support at 1.086. The strength seems to be mostly influneced by bullish sentiment in oil prices. 9.01 seems like an extreme target, but with the Saudis pushing for an extension of the output cuts and EUR/NOK's advance since March, a correction at such a level could be possible.

orto leave comments