Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Savant

EURUSD Discussions

Recommended Posts

Hi,

 

Seeing the increase in posts on various currency pairs, we have decided to start generic threads, this one being for EUR/USD.

 

All items related to EUR/USD should go in here, *unless* there is a specialized topic or question related to EUR/USD.

 

We will err on the side of caution and assume discussions on the pair should be in this thread.

 

I hope this will keep the forums clean, discussions coherent and synchronized.

Share this post


Link to post
Share on other sites

EURUSD - gravestone doji exerting authority this morning

 

After forming a gravestone doji on 12/19/2012, price has been bouncing between the high of this pattern at R1 and pivot. As long as price remains above pivot, the bulls have the advantage and this is why we saw another challenge of R1 today. However, our gravestone doji exerted authority with this challenge and price is once again testing pivot.

 

We need a daily close above R1 or below pivot for direction. See chart for pivot and relevant targets.

eurusdanalysisdaily.thumb.png.ac54807a24432d581ce91df8a55953a2.png

Share this post


Link to post
Share on other sites

EURUSD - dark cloud continuation pattern adding strength to gravestone doji bearishness

 

Euro price has completed a dark cloud continuation pattern below pivot which is very bearish as this pattern is adding strength to the gravestone doji that caused the bearish reversal to begin with. We need a close below S1 for momentum based on dark cloud to increase towards S2 and beyond. Of course, should we get a close above pivot, then our dark cloud momentum fizzles out and is negated. See chart below for pivot and relevant targets.

 

This dark cloud has give me reason to remain in my sell on vollatility 101 and giving me the opportunity to tighten my stop. See trade below

eurusdanalysisdaily.thumb.png.b30959065b6e904fab5d8fc6e914c4b5.png

5aa7119b6f118_vollatility101eurusdfloatingtrades.png.46407a68206ed4c11cf0adaac734856b.png

Share this post


Link to post
Share on other sites

EURUSD - dark cloud continuation pattern negated - bulls are back!

 

Price negated dark cloud continuation pattern mentioned in previous analysis with the completion of a tall blue candle yesterday that closed in the R1 zone. This is clearly bullish with price now testing R2 at the time of this writing. As long as price remains above pivot, the bulls are in control again. See chart below for pivot and relevant targets.

 

I entered a buy at the close of tall blue candle on vollatility101 yesterday after taking a loss on a sell. Patterns are powerful but when they fail, their failures are just as powerful because you have a predetermined stop that manages your risk and you have the opportunity to get in in the other direction because a pattern failure is usually a clear indication of change of direction.

 

My sell was kicked out for a loss on onepipatatime as well; however, I was already in a buy based on an entry point specific to this strategy and this buy is in a great floating profit at the moment. See trades for both strategies below.

eurusdanalysisdaily.thumb.png.e1f06912719564ad5a62397fdb82fb78.png

5aa7119e2ee7a_vollatility101eurusdclosedtrades.png.ed033b6cec287b069f39d9eb80543353.png

5aa7119e320a0_vollatility101eurusdfloatingtrades.png.ed904afebf421f2fe13fd077e31ab6ec.png

5aa7119e34e5a_onepipatatimeeurusdclosedtrades.png.f1a98e77daeb30ba76b95aa0d0d4aac7.png

5aa7119e37dfa_onepipatatimeeurusdfloatingtrades.png.16e6577de00daa585776bae3275c87e6.png

Share this post


Link to post
Share on other sites

echarts?s=EURUSD%3DX+Interactive#symbol=;range=1d;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;

EUR/USD will continue its bounce and it should touch 1.34 if not today then definitely on Saturday even with the absence of any market events or publications that could affect weekend trading. The US economy is still a problem with the unemployment rate and job numbers turning out to be disappointing. Then we have the elephant in the room which is the debt hanging overhead.

The Euro has appreciated as the US dollar fell with the ECB interest rate remaining unchanged at 0.75%. ECB President Mario Draghi was hawkish in his opening remarks at the press conference that drove the Euro upwards.

Share this post


Link to post
Share on other sites

A market event to watch out for tomorrow afternoon will be the US Core Retail Sales figure which can be monitored on Bloomberg/Reuters. It will be released at 1:30PM GMT and a low figure means that the EUR/USD will appreciate. The opposite is true for a high value since the USD is in the denominator here.

Share this post


Link to post
Share on other sites

[quotePrice negated dark cloud continuation pattern mentioned in previous analysis with the completion of a tall blue candle yesterday that closed in the R1 zone. This is clearly bullish with price now testing R2 at the time of this writing. As long as price remains above pivot, the bulls are in control again. See chart below for pivot and relevant targets.

IQUOTE]

 

Price is currently testing the R2 zone illustrated in chart that went with above post. I am attaching chart pic again for refernce purposes. Any pull back at this point can be regarded as a buy opportunity as long as price remains above pivot. Targets still relevant.

eurusdanalysisdaily.thumb.png.214a6926dbbd2cecdd800af72f91484d.png

Share this post


Link to post
Share on other sites

EURUSD - could dark cause a retracement down towards pivot?

 

Price completed a dark cloud yesterday against R2. Pivot is still at 1.31412 and as long as price remains above pivot, the bulls have the advantage on the daily chart; therefore, eventhough we see a dark cloud here, it is not an indication of a reversal at this point, but merely an indication of a possible retracement that could take place here towards pivot before we get our next push up. Even if price does trade below pivot, S1 is a weekly pivot which has the potential to also send price up should price make it down there. So, for now the bulls are in the drivers seat but based on dark cloud, there is a strong possibility that we could first see a retracement to the downside before the next push up. See chart below for pivot and relevant targets.

 

My buy on vollatility101 was taken out for a profit by the dark cloud and with the completion of the dark cloud yesterday, I entered a sell to take advantage of the possible retracement to the downside. See trades below:

 

On my onepipatatime strategy I am still in my buy and have added a sell based on the dark cloud. See trades below

eurusdanalysisdaily.thumb.png.49fdd1e2c83f5c2dcc3b3a229f89b45e.png

5aa711a2bf04c_vollatility101eurusdclosedtrades.png.bb2e326f2967ed2762276c4513531772.png

5aa711a2c27f5_vollatility101eurusdfloatingtrades.png.36ee7d479e7c16f09cca6047fc161063.png

5aa711a2c60d2_onepipatatimeeurusdfloatingtrades.png.5238f60f61e1a5f6c9b7c3277cd71220.png

Share this post


Link to post
Share on other sites

Last day, on 15th Jan; the euro has fallen to the level of 1.3250, just a bit above the axis of 1.3241. This level is supposed to provide a support, and now in the American affair the euro bounced aloft this level. This level is a key, so if the euro closes beneath estimated level, the fall in the euro would be secure to the level of 1.30.

Share this post


Link to post
Share on other sites

Hi Everyone,

For yet another day the Usd pairs remain in flux with no clear direction, still testing strong supports.

Currently our outlook is cautiously Long.Here is our technical outlook for Eur/Usd.

If you take this trade let us know how it worked out for you.

Best

TradeCuts.

5aa711c05e762_eurusd27thfeb.jpg.5fcc327f2e5161724a35bfa86ab78a0f.jpg

Share this post


Link to post
Share on other sites

The Euro zone stock markets had a rally today; EURO STOXX (FEZ) went up 0.4%, London's FTSE 100 (BCYIF.PK) eased up 0.3% and France's CAC 40 also rose 0.4%.

 

With the central bank comments and the stimulus program that is ongoing in the EU, one wonders how healthy this is going to be for the Euro. We all know how stimulus programs negatively affect currencies and send stock markets soaring.

 

This is exactly what is happening in the Euro zone.

Share this post


Link to post
Share on other sites

EUR/USD DAILY as of Friday, 01 March, 2013

Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.

The present wave patterns are:

fast amplitude (8%): bullish wave 1

moderate amplitude (13%): bullish wave 3

Euro Dollar / US Dollar is long term Bullish as the 144 days moving average of 1.31 is increasing. The Relative Strength Index is at 36.23 in the neutral territory. The Relative Momentum Index is at 31.63 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at -0.02, in negative territory; this is a bearish sign. An equally important indicator, the STORSI is at 25.06. This value is in the oversold territory.

Elliott Waves High Volatility has detected an Isolated High at 1.32 one bar ago; this is usually a bearish sign

eur-wave-d.thumb.png.a2d862263d39e1a8bf26ccf304e559ae.png

Share this post


Link to post
Share on other sites

Just 6 days back on Monday, the EUR/USD pair was making a technical bounce at a support line that signaled an uptrend. It seems to have hit the resistance, but I never expected it to go to as low as 1.3018. The one encouraging sign for bulls is that the exchange rate is well under the near term 30 day moving average. The 1.3500 level could be the long term resistance and this leaves me with a hunch that trading weekly calls on the EUR/USD makes a lot of sense.

Share this post


Link to post
Share on other sites

Euro Dollar / US Dollar broke below the downside support level of 1.31, 1 day ago. This is a bearish sign. This previous support level of 1.31 may now provide upside resistance. Prices having only declined 0.31% since the breakout, the validity of the breakout is questionable. The most recently confirmed upside resistance level for Euro Dollar / US Dollar is around 1.34. Expect prices to have some difficulty rising above this level. A break above this level would be a bullish sign.

Share this post


Link to post
Share on other sites

Its going to be an action filled day with the ECB and BOE rate decision due for release later. With that in mind our currency pair for today is the most feared or is it favoured pair, the EUR/USD.

It would be a pleasure to know how your trade turned out. Do let us know.

Best

TradeCuts.

5aa711c629ac0_eurusd7thmar.jpg.917b80033f8a775e57f18f3d3040e000.jpg

Share this post


Link to post
Share on other sites

Anybody sold EUR/USD on the NFP announcement?

 

It’s up again and and closed above 1.2980 - a near term support level for me. Actually I made some profits shorting EUR after the NFP release.

 

It was a pretty wild week indeed.

Share this post


Link to post
Share on other sites
Anybody sold EUR/USD on the NFP announcement?

 

It’s up again and and closed above 1.2980 - a near term support level for me. Actually I made some profits shorting EUR after the NFP release.

 

It was a pretty wild week indeed.

 

Hello Vinayak:

 

Congratulations on your successful NFP short.:cheers:

 

How are you able to get short after the NFP release early enough to make a profit ?

 

What are you using for a news source that you can get in so early ?

 

I thought that right after an economic announcement as important as the NFP that it was impossible to get a trade order in because there are so many trades being executed at that time. Please explain.

 

Thank You

Share this post


Link to post
Share on other sites

My short term trading points for Monday:

 

Buy If the price breaks through the level 1.30085, take profit at 1.3022, stop loss at 1.2980

 

Sell if the price breaks 1.2980, take profit at 1.2923, stop loss at 1.3008

Share this post


Link to post
Share on other sites
Forget the technicals for Monday as fundamentals will be the main drivers of the prices at Euro, as debt crisis escalates hittting Cyprus deposits.

 

In the event of a collapse of the Euro & the Dollar how would one stand if long /short?

Share this post


Link to post
Share on other sites
Forget the technicals for Monday as fundamentals will be the main drivers of the prices at Euro, as debt crisis escalates hittting Cyprus deposits.

 

 

 

well the TA implys just that!

 

 

 

if 1.3700 has been the fair price since 2009 .. and its Now an unfair price (rejectet) .. in terms of to expensive... .. aswell as . the fact that we made LH LL .. before th fair price got tested ....,,,aswell as the selling pressure is higher atm....

 

its almost obvious that we might test the lows of 1.1900 ... before we go any higher by now

tt.thumb.PNG.08a6434589742471cc2e0faf2988df66.PNG

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Similar Content

    • By Jonh Smith
      I searched in google with keywords best forex robot 2019 and in the end I found fxflightproEA from their website fxflightpro.com . if anyone has ever bought, I was interested in their ea. I saw a very small drawdown, and monthly profit looks great.and I see myfxbook profit reaching 50% in 50 days. if there are buy please review here and I say thank you if anyone would like to share here.

      thanks
    • By StraussX
      Hi GUYS, Happy Wednesday!
      I'd like to share daily forex analysis from Followme, hope this information helps your trading.
      Today, Let's focus on AUD and NZD.
      AUDUSD is trading at 0.6761; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.6765 and then resume moving downwards to reach 0.6635. Another signal to confirm further descending movement is the price’s rebounding from the descending channel’s upside border. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 0.6825. In this case, the pair may continue growing towards 0.6905.
       
      NZDUSD is trading at 0.6447; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.6455 and then resume moving downwards to reach 0.6315. Another signal to confirm further descending movement is the price’s rebounding from the resistance level. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 0.6525. In this case, the pair may continue growing towards 0.6645.
    • By Georgebro8
      So I've been 18 for about 4 months, since I turned 18 I started up an account, and basically thought I was doing amazing because of beginners luck, put in some of my savings and managed to do well, some days I would make £200, one day I even made £900, after time I lost my profits and made a loss as well. I've realised I need to spend the time analysing the market and making technical judgments. I'm trying to read more and spend a lot of my time looking at the charts. is there any advice people can give me. and is making 5% a week a realistic goal to set myself? before anyone assumes that im looking for a get rich quick scheme, im certainly not, I see every loss ive made as a lesson and ensure that I learn from each mistake I make. 
      any advice about indicators, strategies, how to analyse the market, or even analysing earning reports would help me.
    • By edakad
      Firebird is an indicator to identify the price spikes in the market. Firebird indicator first calculates a 10-period moving average, then shifts this moving average a certain percentage above and below the 10-period moving average. The shifted averages are drawn on chart as the red and green line. When price touches these lines, price spike is identified. Usually after a price spike, the trend reverses for some time. The indicator can be used to take advantage of this price behaviors. In daily chart usually the 10 period MA is shifted by 2 percent to form the price bands. On lower time frames like Hourly, Four Hour a smaller percentage price shift is used like 0.5% . The important consideration here is most of the price bars must be contained within the upper and lower bands.
      When price reaches above the upper red band, a sell position is opened. When price reaches the lower green band, buy position is opened. Trades can be managed with proper stop loss and take profit. In the picture, Firebird indicator is attached to daily chart of EUR/USD with 2% shift on MA. Note that almost all price bars are within the price bands. And when price extends beyond these bands, price trend reverses and comes back into the bands.

      FireBird.zip
  • Topics

  • Posts

    • $VKTX Viking Therapeutics stock attempting to move higher off the 64.24 support area, volume 47% above normal, https://stockconsultant.com/?VKTX
    • Date: 26th April 2024. Alphabet Easily Beat Earnings Predictions But Focus Shifts to Today’s PCE Data. Microsoft and Alphabet’s earnings reports beat expectations pushing the NASDAQ to the top of the charts. The Bank of Japan keep interest rates unchanged applying pressure on the Japanese Yen. The Yen Index declines 0.36% and is down 40% against the USD over the past 5 years. The US GDP growth rate falls below its 2.5% expectations, reading 1.6%, but economists advise the Fed may only cut once in 2024! The market turns its attention to the Core PCE Price Index which analysts expect to fall from 2.8% to 2.6%. USA100 – Alphabet Easily Beat Analysts’ Earnings Predictions and Sees its P/E Ratio Fall! The price of the NASDAQ ended the day higher and rose to a slightly higher high. As a result, the index is close to forming a traditional bullish trend and making Wednesday’s decline a retracement or medium-term correction. In terms technical analysis, indicators are mainly indicating a reverting price condition where the asset cannot maintain longer term momentum. However, momentum indications provide a slight bullish bias. The upward price movement is being driven by earnings reports from Microsoft and Alphabet which beat earnings expectations. Microsoft is the most influential stock for the NASDAQ while Alphabet is the third most influential. Alphabet’s earnings beat expectations by 21.61% and revenue rose more than $6 billion. As a result, the price of the stock rose 11.56% after market close. Furthermore, Microsoft’s Earnings Per Share beat Wall Street’s expectations by 3.40% and revenue by 1.50%. The stock rose by 4.30% after market close and is close to trading at the all-time high. However, investors should note that from the “magnificent 7”, Alphabet and Meta have the lowest Price to Earnings ratio. Meaning these stocks are the most likely to be trading below their intrinsic value. However, investors should note that negatives for the stock market in general remain. This also supports the bias shown by technical analysis. The GDP growth rate fell considerably below expectations while inflation data continues to show signs of rising prices. Investors will closely be monitoring today’s Core PCE Price Index which is the most watched index by the Federal Reserve. Analysts expect the Core PCE Price Index to fall from 2.8% to 2.6%. If the index reads more than 0.3%, a rate cut will become unlikely making stocks less attractive. Whereas, if the PCE Price Index is not as high as expectations, Bond Yields will likely decline, as will the US Dollar and a rate cut will be put back on the table. As a result, investors may look to take advantage of the strong earnings and continue purchasing stocks. USDJPY – BOJ Hold Interest Rates Unchanged! The price of the USDJPY exchange rate again rose to an all-time recent high after increasing in value for 3 consecutive days. Trend and momentum-based indicators point towards a higher price. However, the exchange rate is trading within the overbought range of most oscillators and is also showing a divergence pattern. Both are known to indicate a decline, but not necessarily a complete change of trend. The Bank of Japan’s statement from earlier this morning was largely “dovish” and gave no clear indication that the central bank wishes to keep rising interest rates. However, shortly the Governor will answer questions from journalists and may give a more hawkish tone. Either way, investors are mainly concentrating on if the Federal Government will again opt to intervene within the currency market. Most economists believe the intervention will only come if the USD continues to rise and it will not be before the Core PCE Price Index. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Michalis Efthymiou Market Analyst HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • 📁 Population in 2100, as projected by UN Population Division.   🇮🇳 India: 1,533 million 🇨🇳 China: 771 million 🇳🇬 Nigeria: 546 million 🇵🇰 Pakistan: 487 million 🇨🇩 Congo: 431 million 🇺🇸 US: 394 million 🇪🇹 Ethiopia: 323 million 🇮🇩 Indonesia: 297 million 🇹🇿 Tanzania: 244 million 🇪🇬 Egypt: 205 million 🇧🇷 Brazil: 185 million 🇵🇭 Philippines: 180 million 🇧🇩 Bangladesh: 177 million 🇳🇪 Niger: 166 million 🇸🇩 Sudan: 142 million 🇦🇴 Angola: 133 million 🇺🇬 Uganda: 132 million 🇲🇽 Mexico: 116 million 🇰🇪 Kenya: 113 million 🇷🇺 Russia: 112 million 🇮🇶 Iraq: 111 million 🇦🇫 Afghanistan: 110 million   @FinancialWorldUpdates Profits from free accurate cryptos signals: https://www.predictmag.com/   
    • “If the West finds itself falling behind in AI, it won’t be due to a lack of technological prowess or resources. It won’t be because we weren’t smart enough or didn’t move fast enough. It will be because of something many of our Eastern counterparts don’t share with us: fear of AI.   The root of the West's fear of AI can no doubt be traced back to decades of Hollywood movies and books that have consistently depicted AI as a threat to humanity. From the iconic "Terminator" franchise to the more recent "Ex Machina," we have been conditioned to view AI as an adversary, a force that will ultimately turn against us.   In contrast, Eastern cultures have a WAY different attitude towards AI. As UN AI Advisor Neil Sahota points out, "In Eastern culture, movies, and books, they've always seen AI and robots as helpers and assistants, as a tool to be used to further the benefit of humans."   This positive outlook on AI has allowed countries like Japan, South Korea, and China to forge ahead with AI development, including in areas like healthcare, where AI is being used to improve the quality of services.   The West's fear of AI is not only shaping public opinion but also influencing policy decisions and regulatory frameworks. The European Union, for example, recently introduced AI legislation prioritizing heavy-handed protection over supporting innovation.   While such measures might be well-intentioned, they risk stifling AI development and innovation, making it harder for Western companies and researchers to compete.   Among the nations leading common-sense AI regulation, one stands out for now: Singapore.” – Chris C Profits from free accurate cryptos signals: https://www.predictmag.com/ 
    • $NFLX Netflix stock hold at 556.59 support or breakdown?  https://stockconsultant.com/?NFLX
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.