Open trading account RESISTANCE LEVEL : 141.289 - 144.801
SUPPORT LEVELS : 127.108 -130.989 - 134.300
RESISTANCE LEVEL : 141.289 - 144.801
SUPPORT LEVELS : 127.108 -130.989 - 134.300
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EUR/JPY Bullish trend
RESISTANCE LEVEL : 141.289 - 144.801
SUPPORT LEVELS : 127.108 -130.989 - 134.300
EURGBP Trading @ 7 Year Low
EURGBP Trading @ 7 Year Low
EUR GBP trading at 7 year low. After breaking below 0.70369 level we can expect further downside upto 0.6500 level in future.
Last year EUR weakness continuous on this year first quarter, then this free fall was stopped by 0.70369 support level. Now this important level breaches so we could expect further downside.
On the other side some improvement in Greek Drama that's news will pause the current downtrend, but in medium term we can expect further downside.
Happy Tr…
EUR GBP trading at 7 year low. After breaking below 0.70369 level we can expect further downside upto 0.6500 level in future.
Last year EUR weakness continuous on this year first quarter, then this free fall was stopped by 0.70369 support level. Now this important level breaches so we could expect further downside.
On the other side some improvement in Greek Drama that's news will pause the current downtrend, but in medium term we can expect further downside.
Happy Tr…
Greece next Lehman Brothers Event?
This is just and extracted post from my latest article which you can find it here: Greece next Lehman Brothers Event?
They say the Black Swan events are characterized by rarity and extreme impact and once again the financial markets are proving this to be wrong as theory has nothing to do with reality. Not so long ago we had the SNB event which disrupted the market activ…
- FX Market - Risk Aversion
Markets have consistently experienced " 100-year events" every five years. Paul Tudor Jones
They say the Black Swan events are characterized by rarity and extreme impact and once again the financial markets are proving this to be wrong as theory has nothing to do with reality. Not so long ago we had the SNB event which disrupted the market activ…
GBP/JPY flying
Since ECB lowered refinancing rate to near zero and deposit rate to negative, Euro has been increasingly used as a funding currency. That's a big part of the reason why GBP/JPY has became a better risk barometer than EUR/JPY in the past year or so.
After closing weekend gap, "Geppy" fell some 650 pips on Grexit fears, which at that point seemed almost inevitable, and the sell-off in Chinese stocks. On Thursday, the pair stabilized in line with improved sentiment with regard to Greece and Chinese…
After closing weekend gap, "Geppy" fell some 650 pips on Grexit fears, which at that point seemed almost inevitable, and the sell-off in Chinese stocks. On Thursday, the pair stabilized in line with improved sentiment with regard to Greece and Chinese…
Thursday, July 9th, 2015
@ today’s webinar we reviewed:
Today's Euro behavior helped us conclude that at least traditional chart pattern trading came back to normal. Weekend’s gap today was successfully closed dissipating the doubt of fear-driven and panic-selling, even though any deal with Greece would simply confirm and still accelerate depreciation in the mid-term and long term of the euro currency.
There are still too many doubts on if the Greece government could actually have the means to apply anything that it co…
Today's Euro behavior helped us conclude that at least traditional chart pattern trading came back to normal. Weekend’s gap today was successfully closed dissipating the doubt of fear-driven and panic-selling, even though any deal with Greece would simply confirm and still accelerate depreciation in the mid-term and long term of the euro currency.
There are still too many doubts on if the Greece government could actually have the means to apply anything that it co…
Wednesday, July 8th, 2015
@ today's webinar we reviewed:
EUR/USD: Today’s webinar was obviously redundant over the Euro Zone situation. It was considered that any retracement is only a “short the rallies” opportunity. It was also commented the huge risk of keeping any trade opened during the weekend since we will open next week at first hour with the news on what finally –again- will happen to the Greek situation.
Trade safe!
iiivb
P.S. Remember to visit my FREE and LIVE webinar from Monday to Friday @ 7-8 a.m. GMT on …
EUR/USD: Today’s webinar was obviously redundant over the Euro Zone situation. It was considered that any retracement is only a “short the rallies” opportunity. It was also commented the huge risk of keeping any trade opened during the weekend since we will open next week at first hour with the news on what finally –again- will happen to the Greek situation.
Trade safe!
iiivb
P.S. Remember to visit my FREE and LIVE webinar from Monday to Friday @ 7-8 a.m. GMT on …
Tuesday, July 7th, 2015
@ today's webinar we reviewed:
EUR/USD: Today’s webinar coverage scoped the reignited bearish sentiment after the failed attempts last week of the bulls to take control of the market. Any outcome of a deal or not with Greece is irrelevant since the credibility of Greek government is eroded up to the point that it couldn’t be ruled out that Greek Prime Minister would simply lie openly just to get the money and later desist of any agreement in exchange of it. We also commented that is probable th…
EUR/USD: Today’s webinar coverage scoped the reignited bearish sentiment after the failed attempts last week of the bulls to take control of the market. Any outcome of a deal or not with Greece is irrelevant since the credibility of Greek government is eroded up to the point that it couldn’t be ruled out that Greek Prime Minister would simply lie openly just to get the money and later desist of any agreement in exchange of it. We also commented that is probable th…
Monday, July 6th, 2015
@ today's webinar we reviewed:
EUR/USD: Today’s uncertainty caused by Sunday’s Greek referendum with an overwhelming +60% for the “no austerity” vote leads us to consider –same as Monday last week- caution before opening any trade until the gap generated by it be closed.
We retook Friday’s assumption on a potential bullish v-turn in formation –sabotaged by the spook on the markets caused by the results of the voting-. More evidence of this was reviewed during the webinar commenting that the mo…
EUR/USD: Today’s uncertainty caused by Sunday’s Greek referendum with an overwhelming +60% for the “no austerity” vote leads us to consider –same as Monday last week- caution before opening any trade until the gap generated by it be closed.
We retook Friday’s assumption on a potential bullish v-turn in formation –sabotaged by the spook on the markets caused by the results of the voting-. More evidence of this was reviewed during the webinar commenting that the mo…
Greek People Have Spoken
With a clear victory of the NO camp we're back on the negotiation table and this time around the pressure for reaching a deal is on the Brussels side after this morning announcement that Greek FM Yanis Varoufakis has step down in order to help the negotiation going further and after Brussels demands that they want him out this puts pressure on Brussels side as now Greece has some leverage to work with and any fail to reach an agreement will be blamed on Brussels.
Expect some volatility in the FX…
Expect some volatility in the FX…
Is Grexit becomining a reality?
With the referendum results from Greece slowly coming out now and showing that the NO vote has taken the early lead. With this the prospects of a deal will have significantly diminished and Greece may be on its way out of the Eurozone. Though opinion polls show a much closer race the results may be interesting and the Euro may trader weaker in the pre-open period today.
The official results of the referendum can be followed on the website http://ekloges.ypes.gr/current/e/public/index.html?lang=e…
The official results of the referendum can be followed on the website http://ekloges.ypes.gr/current/e/public/index.html?lang=e…