Ucef's Blog

Avatar

Further bullish pressure

Daily Vision

The pair attempted to push lower yesterday bottomed at support line but closed higher in another high volatile market.
We have been seeing a strong bearish market for the last two weeks where the pair slump more than 1500 pips without significant correction and the next potential target is seen around (weekly EMA 200) at 1.1071.
The bias is bearish in nearest term. And an immediate resistance is seen around the daily close. While a clear break above that area could lead price t…
Lisez l'histoire complète
Traduire en Anglais Montrez l'original
oupour laisser des commentaires
Avatar

EUR/USD facing some bullish pressure

Daily Vision
The EUR/USD attempted to push lower yesterday bottomed at 0.0855 but closed higher at 0.0225 in another high volatile market. We have been seeing a strong bearish market for the last two weeks where the pair slump more than 1000 pips without significant correction and the next potential target is seen around 0.0835 (weekly EMA 200). The bias is bearish in nearest term. Immediate resistance is seen around 0.0899 . A clear break above that area could lead price to neutral zone in near…
Lisez l'histoire complète
Traduire en Anglais Montrez l'original
oupour laisser des commentaires
Avatar

EURUSD facing a strong trend line resistance

Daily analysis
EURUSD opened the week at 0.0526 and touched a high of 0.0636 . The pair then reversed directions and dropped to 0.0425 , as support held firm at 5026. The pair closed the week at 0.0746 . And the price of 0.0576 has been significant in the recent history of EURUSD , and with a mid-line of a down-ward sloping channel offering an additional impetus for support, top-side reversal setups became attractive as a 1-to-4 risk-reward ratio was available using that 0.0556 level for risk w…
Lisez l'histoire complète
Traduire en Anglais Montrez l'original
oupour laisser des commentaires
Avatar

EUR/USD Loses Upside Momentum

Daily analysis
1.13 worked as support back in October and is the high line at the moment. It is followed by the swing low of 1.1220 in September which is minor resistance now.
1.1140 cushioned the pair in October. 1.1050 is the high seen in December and the next challenge on the upside.
1.10 is a round number and significant resistance. 1.0925, which was a support line in December, is the next support line. It is closely followed by 1.0880 which is weak resistance in the range.
Weekly analysi
Lisez l'histoire complète
Traduire en Anglais Montrez l'original
oupour laisser des commentaires
Avatar

Long term bias is still short on EUR/USD

Daily analysis

The EUR continued to drive south last week, forcing weekly action deeper into the range demand zone seen at 1.0519-1.0798. Granted, the overall momentum on this pair has certainly diminished over the past two weeks, suggesting a last-minute rebound may be on the horizon from here. In the event that the sellers remain dominant, however, we can likely expect the current range demand to be consumed, and prices connect with demand seen just below it at 1.0333-1.0502.
Weekly an
Lisez l'histoire complète
Traduire en Anglais Montrez l'original
oupour laisser des commentaires
Avatar

EUR/USD forming a bullish harmonic pattern

Daily analysis
EUR/USD has broken trend line resistance around 1.1010 (trend line joining 1.0975 and 1.09846) and break above confirms bullishness, a jump till 1.1095/1.1125 is possible .
The pair's minor resistance are around 1.1038/1.1070
On the downside minor support is around 1.0950 and break below targets 1.0920/1.0900 level.
Further weakness only below 1.0850, It is good to buy at dips around 1.0985-990 with SL around 1.0945 for the TP of 1.1038/1.1070/1.1095.
weekly analysis
A …
Lisez l'histoire complète
Traduire en Anglais Montrez l'original
oupour laisser des commentaires
Avatar

Daily and weekly Long potential

Daily analysis
1.1875
was the low seen in 2010 and also capped the pair earlier this year. The August high of 1.1712 is the next line.
1.1680
capped the pair in January on its way down. The next line is a clear separator of ranges: 1.1535. It was last seen in January as well.The very round 1.15 level is of importance thanks to its psychological role. It is closely followed by 1.1460 that served as resistance earlier in the year.
weekly analysisThe historic line of 1.1373 from Novem
Lisez l'histoire complète
Traduire en Anglais Montrez l'original
oupour laisser des commentaires
Avatar

Important week ahead for EURUSD

Important week ahead for EURUSD : In USD ( ISM, NFP and Unemployment ) while in EUR ( CPI and bank rate decision) will be driving forces behind EURUSD move.
I expect short term bullish correction to be initiated by the bounce from 628 Fib retracement at the support levels 1.118 until 1.14 area will be retested and one might consider to rejoin bearish long term move.
Correction might be driven by expectation of FED not rising rated in September but rather December

Lisez l'histoire complète
Traduire en Anglais Montrez l'original
oupour laisser des commentaires
Avatar

EURUSD : Technical..


Weekly TF:

The EUR/USD sold off sharply last week breaking below the weekly demand area at 1.31037-1.32262. This move potentially cleared the way down to a prominent weekly ‘buy zone’ seen at 1.26591-1.28010.
Daily TF:
At the time of writing, trading action remains confined between a nice-looking daily decision-point area at 1.31589-1.31091, and a daily demand area at 1.27541-1.28676 (seen just above the aforementioned weekly buy zone). Before the market can challenge the daily demand area, w
Lisez l'histoire complète
Traduire en Anglais Montrez l'original
oupour laisser des commentaires
Avatar

EUR/USD... Huge supply and demand zones !


Last weeks USA job reports may be something to feed the Bulls but to be hones ? Another strong NFP reading, unemployment rate rose because of participation rate change, the only thing that may be bad for Dollar is smaller then expected wage growth.
It looks like everyone is trying to pick the bottom on EUR/USD in last few days, is there any chance that last week lows at 1,336 level will work as an bottom for few next weeks ? Just to clarify I'm bearish on EUR/USD in Longer term but we really mi
Lisez l'histoire complète
Traduire en Anglais Montrez l'original
Polinka avatar
Polinka 6 aou

Good job)

oupour laisser des commentaires
Plus