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Nervous market
Greetings traders,
I made a mistake entering the Turkish Lyra as it is too late to trade with this currency as it will be in a hard range from now on.
According to my analysis I suppose that after the EUR/USD has broken the second resistance the pair will continue its bullish momentum at least until Powell's speech.
The weakness of USD was expected due to the ongoing trade wars. So trading must be very cautious now.
Good luck
I made a mistake entering the Turkish Lyra as it is too late to trade with this currency as it will be in a hard range from now on.
According to my analysis I suppose that after the EUR/USD has broken the second resistance the pair will continue its bullish momentum at least until Powell's speech.
The weakness of USD was expected due to the ongoing trade wars. So trading must be very cautious now.
Good luck
Some analysis of the major pair
Hello community friends,
Here is a short analysis of some price levels possible for this week
Based on pivot values if R2 or s2 are broken the price will try to reach the 3's so this means that if that pair goes south and breaks 1.159 than we can test 1.153. On the other hand if it reaches 1.177 and than 1.181 it will probably reach also 1.188. Everything depends on Powel speeches this week and OPEC meeting because euro currently has a very correlative movement to the oil.
Here is a short analysis of some price levels possible for this week
Based on pivot values if R2 or s2 are broken the price will try to reach the 3's so this means that if that pair goes south and breaks 1.159 than we can test 1.153. On the other hand if it reaches 1.177 and than 1.181 it will probably reach also 1.188. Everything depends on Powel speeches this week and OPEC meeting because euro currently has a very correlative movement to the oil.
End of the volatile week
Hello traders,
If you think you have seen volatility this week wait for next week. First we'll have CPI readings (currently the most influential fundamental data even before interest rate decisions!) We have some powerful (with high influence impact) speeches of the fed chairman and last but not least the OPEC meeting.
To speak about today I would say only that there was inertial USD strength and end of week profit taking probably leading to euro gains at the end of the day.
I made some small te…
If you think you have seen volatility this week wait for next week. First we'll have CPI readings (currently the most influential fundamental data even before interest rate decisions!) We have some powerful (with high influence impact) speeches of the fed chairman and last but not least the OPEC meeting.
To speak about today I would say only that there was inertial USD strength and end of week profit taking probably leading to euro gains at the end of the day.
I made some small te…
Happy 4th of July USA
Hello community friends
As we all know today is USA day and this means that the main target of volatility is on vacation so we (outside the USA) can also take day off from trading. But be prepared that tomorrow will come great meeting in place - that of the FOMC (Federal open market committee ) which will decide the interest rate of the Number 1 economy country and of course the Friday's NFP.
Be prepared for strange surprises!
As we all know today is USA day and this means that the main target of volatility is on vacation so we (outside the USA) can also take day off from trading. But be prepared that tomorrow will come great meeting in place - that of the FOMC (Federal open market committee ) which will decide the interest rate of the Number 1 economy country and of course the Friday's NFP.
Be prepared for strange surprises!
Beware low liquidity
Greetings community,
Tomorrow is a great holiday for the United States and I like to be more cautions on such moments because there are very strange price movements. Yesterday there was a sharp drop in the euro and today it was nearly compensated. I suppose that the price of the major pair will try to go up and I will probably enter some pro euro trades to test my hypothesis.
Good luck to everyone
Tomorrow is a great holiday for the United States and I like to be more cautions on such moments because there are very strange price movements. Yesterday there was a sharp drop in the euro and today it was nearly compensated. I suppose that the price of the major pair will try to go up and I will probably enter some pro euro trades to test my hypothesis.
Good luck to everyone
Reverse in USD weakness
The new week/month started with a strange euro weakness. I tried to test some correction momentum but the euro is continuing to decline. There is no fundamental reason currently behind this so sooner or later the euro will return but I will wait for better conditions after the high impact release are announced.
Have a nice and successful week
Have a nice and successful week
Double bottom of the major pair
Hello traders,
I have made some short tehnical analysis on the pair for the Daily and Weekly charts based on some major indicators which are (Bollinger Bands, Exponential moving average and Relative strength index) I also included the Ichimoku overlay chart for some clue on the cloud sentiment if we can say so.
On the Daily chart we can see the following picture:
Here we have 3 bottoms. The price tried to reach unsuccessfully the level 1.15 and after the recent sharp spike of the EUR we can see …
I have made some short tehnical analysis on the pair for the Daily and Weekly charts based on some major indicators which are (Bollinger Bands, Exponential moving average and Relative strength index) I also included the Ichimoku overlay chart for some clue on the cloud sentiment if we can say so.
On the Daily chart we can see the following picture:
Here we have 3 bottoms. The price tried to reach unsuccessfully the level 1.15 and after the recent sharp spike of the EUR we can see …
The start of the month
Hello traders,
Usually the start of the month is coming with great expectations and everybody is hoping to get to the top positions as fast as possible. I suppose this month will not give a lot of trading opportunities like June because it will be with less liquidity due to a lot of people going to vacations. As always first week will be interesting due to upcoming NFP release but also there will be FOMC meeting which will give a clue on he next interest rate increase. Currently the USD is in so…
Usually the start of the month is coming with great expectations and everybody is hoping to get to the top positions as fast as possible. I suppose this month will not give a lot of trading opportunities like June because it will be with less liquidity due to a lot of people going to vacations. As always first week will be interesting due to upcoming NFP release but also there will be FOMC meeting which will give a clue on he next interest rate increase. Currently the USD is in so…