Community
Blog
megajorko's Blog

megajorko's Blog

Avatar

Searching the surprise

megajorko Posted 4 Nov. as Analysis on EUR/USD, Target: 1.2202, Date: 2nd of January, 12:00 GMT  in #Technical analysis #EUR/USD #Rate Hike #Surprise #Levels #Channel Up
Hello traders,
I will try to make some extraordinary prediction based on the lates movements.
Currently it is obvious that the price of the pair - EUR/USD is going down. There are more fundamental reasons for this than technicals. Despite the fact that we have head and shoulders formation and triple top combined with the strong resistance of the round level 1.2 I am giving a shot to the level 1.22. The reason for this is that currently the channel up is still intact from the major uptrend as sho…
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

Will yen leave the gravitation?

megajorko Posted 5 Nov.  in #Trader's blog #USD/JPY #Fomc #Rate Hike #Stimulus Program
Hello traders
There are some signs of USD/JPY leaving the gravitational force of level 120. There is something similar to a double bottom formed. Everything depends on FOMC statement this month which will give a clue on possible interest rate hike in December. There are no signs of Japan stopping their stimulus program so if the price exceeds 4-5% (125-126) there will be clear sign for new bullish momentum. On less than 3% jump the attraction of 120 will still be in play. We must follow the indi…
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

The ADP surprise

megajorko Posted 4 Nov.  in #Trader's blog #Rate Hike #Employment #Stimulus #Adp
Hello traders,
As I have just wrote on another blog (I thought that it was here but there are 2 different places for writing blogs)
USD is showing signs of strength. The Forecast numbers are 183k with previous 200k. Everything better than 190k will boost the dollar. We have also speech of Mrs. Yellen so don't be too fast to act on ADP there will be plenty of events until the end of the day. Also don't forget that NFP is coming. It has bigger impact than ADP.
EUR/USD has a potential of falling
GB…
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

The ADP day

megajorko Posted 4 Nov.  in #Dollar #Euro #Rate Hike #Stimulus Program
Hello traders,
Currently traders, investors and other moneymakers, are waiting for the ADP employment announcment which means that the market is thin and Volumes are small before the large liquidity inject the market.
Until now we can see EUR/USD has a Bearish channel with a possible reversal, USD/JPY, GBP/USD ( first is up, second has rised during Markit/CIPS and sharply fall afterwards )
Shortly there are a lot of Bulls for USD and only if a worst than expected numbers come the US dollar can f…
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

The strong magnet

megajorko Posted 4 Nov. as Analysis on USD/JPY, Target: 120.0000, Date: 1st of January, 12:00 GMT  in #Technical analysis #Dollar #Yen #USD/JPY #Rate Hike #Boj Stimulus
Hello traders,
as we can see the USD/JPY pair is in a tight range since the middle of the year and there is no pattern formed.
The Daily chart:
There were several false Bullish starts and 1 huge drop to nearly 118. After all everything ended where it started.
The picture on the weekly chart shows that after reaching the level 120 there was only noise and nothing more:
So in conclusion I can say only other possibilities:
1) Fed decides to increase the i-rate - USD/JPY probably will go up to…
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