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.

Recommended Posts

EUR/USD WEEKLY as of Monday, 18 March, 2013

A Weekly white body has formed (because prices closed higher than they opened).

For the past 10 Weekly candlestick bars as of 15/03/2013, there are 4 white candles versus 5 black candles with a net of 1 black candles.

For the past 50 Weekly candlestick bars as of 15/03/2013, there are 24 white candles versus 25 black candles with a net of 1 black candles.

A Weekly engulfing bullish line has formed (where a white candle's real body completely contains the previous black candle's real body). The engulfing bullish pattern is bullish during a downtrend(which appears to be the case with Euro Dollar / US Dollar). It then signifies that the momentum may be shifting from the bears to the bulls.

If the engulfing bullish pattern occurs during an uptrend, it may be a last engulfing top which indicates a top. The test to see if this is the case is if the next candle closes below the top of the current (white) candle's real body.

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

Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bearish pattern! It should be used with other indicators.

Euro Dollar / US Dollar is long term Bullish as the 144 days moving average of 1.33 is increasing. The Relative Strength Index is at 49.56 in the neutral territory. The Relative Momentum Index is at 53.16 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at -0.00, in negative territory; this is a bearish sign. An equally important indicator, the STORSI is at 4.04. This value is in the oversold territory.

eur-candle-w.thumb.png.e50faa9554f37f3ca088ecfc8935e4bc.png

eur-wave-w.thumb.png.20351267373f973a1c9e91953937ad38.png

Share this post


Link to post
Share on other sites

EUR/USD DAILY as of Sunday, 24 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

Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bullish pattern! It should be used with other indicators.

Euro Dollar / US Dollar is long term Bearish as the 144 days moving average of 1.31 is decreasing. The Relative Strength Index is at 45.01 in the neutral territory. The Relative Momentum Index is at 23.12 in the oversold 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 61.35. This value is in the neutral territory.

eur-wave-d.thumb.png.fa6545297d216975e44048d4d1358837.png

Share this post


Link to post
Share on other sites

Hi Everyone,

Today we have for you two USD pairs. They seem a little of sync and after yesterday's reactions to Cyprus we are expecting mixed sentiments in the market today. Presenting to you Eur/Usd and Gbp/Usd today:

If you happen to take these trades let us know how they turn out.

Best

TradeCuts.

5aa711d14d49d_eurusd26thmar.jpg.6b82e16b707149f46e0e06e6faf9c04f.jpg

5aa711d153839_gbpusd26th.jpg.80d5edc74f40f0d71ac49eae2c01650a.jpg

Share this post


Link to post
Share on other sites

EUR/USD DAILY as of Tuesday, 26 March, 2013

Currently the RSI does not show any Failure Swings but Prices has set a new 14-period low while the RSI has not. This is a BULLISH DIVERGENCE.

A SAR Buy signal yesterday. If you are short, this might be a good place to exit.

The close is currently

BELOW its 200 daily moving average

BELOW its 50 daily moving average

BELOW its 20 daily moving average

The current market condition for Euro Dollar / US Dollar is Very Bearish

A Daily big black candle has formed. This is a bearish candle as prices closed significantly lower than they opened. If the candle appears when prices are "high," it may be the first sign of a top. If it occurs when prices are confronting an overhead resistance area (e.g., a moving average, trend line, or price resistance level), the long black candle adds credibility to the resistance. Similarly, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area.

For the past 10 Daily candlestick bars as of 25/03/2013, there are 5 white candles versus 5 black candles.

For the past 50 Daily candlestick bars as of 25/03/2013, there are 23 white candles versus 27 black candles with a net of 4 black candles.

A Daily engulfing bearish line has formed (where a black candle's real body completely contains the previous white candle's real body). The engulfing bearish pattern is bearish during an uptrend. It signifies that the momentum may be shifting from the bulls to the bears.

If the engulfing bearish pattern occurs during a downtrend (which appears to be the case with Euro Dollar / US Dollar), it may be a last engulfing bottom which indicates a bullish reversal. The test to see if this is the case is if the next candle closes above the bottom the current (black) candle's real body.

eur-candle-d.thumb.png.fcba8d1438bfb8d58b00ac15111daa2b.png

Share this post


Link to post
Share on other sites

The EUR/USD pair went nowhere during the session on Tuesday. The 1.2850 level is significant support level, and as a result we are not ready to start selling this market quite yet. It should be noted that while the markets had a nice “risk on” feeling to them in general, the Euro could not capitalize.

 

This is probably because there is now a new concern with Europe. The biggest problem with Europe right now is the fact that they are using the depositors to bail out the banks in Cyprus. With that being the case, we suddenly have to start asking questions of the peripheral countries and whether or not deposit will be protected there in cases of bank failures. There are certainly enough week banks in places like Spain, Portugal, Ireland, and Italy to make traders concerned about the European Union in general. If that’s the case, we may see money flowing into the United States from across the Atlantic Ocean.

Share this post


Link to post
Share on other sites
I see another accumulation going on now....My prediction is that by the end of tomorrow 1.2935 level will be traded ...:2c:

 

agree with your call ...however Euro will head a lot further North and South for the $ here on ....don't Ya think? :missy:

Share this post


Link to post
Share on other sites
It looks like the way is clear for eur/usd to 1.2775 as i mention in a previous post and as there is no clear solution to Cyprus crisis.

 

After EUR/USD hitted this week my target at 1.2775 i am expecting a rebound, i believe eur can climb to 1.2920 but at this moment I don't believe it can go higher, si i will sell euru above 1.2910.

Share this post


Link to post
Share on other sites
After EUR/USD hitted this week my target at 1.2775 i am expecting a rebound, i believe eur can climb to 1.2920 but at this moment I don't believe it can go higher, si i will sell euru above 1.2910.

 

As I already mentioned Euro will depreciate in a short run. I am expecting Euro to hit 1.2700 in the month of April.

Share this post


Link to post
Share on other sites

After hitting 1.2770 the euro managed to rebound and hitted 1.3030 which i believe it is a nice entrance point for short positions. I will put my sell order for Monday at 1.3008, no stop loss now, i will check how the trading day will go and then i will decide.

Share this post


Link to post
Share on other sites

USD lost its strength relative to other major currencies. Looking at current price action and current support and resistance we anticipate the trend to continue. Expecting Eur/Usd to go long Intraday, 9th April. Here's a look at the detailed technical outlook:

Best

TradeCuts

5aa711d73dfc3_eurusd9thap.jpg.f6db2d0910896f8b9f284d6b5dbe79b2.jpg

Share this post


Link to post
Share on other sites

I am expecting euro to hit 1.3120 against US dollar, at this point i will add to my short position opened at 1.3008, I beleive it is time for a little pullback in the euro.

Share this post


Link to post
Share on other sites

EU unemployment rate has risen to a record 12.1% due to the recession. Moreover, the Euro zone inflation has is now at 1.2% and this has put additional pressure on the ECB for a rate cut.

 

As for the US economy, the S&P/Case-Shiller Home Prices increased 9.3% in comparison to last year.

Share this post


Link to post
Share on other sites

The latest COT (Commitments of Traders) report CME (Chicago Mercantile Exchange) reveals that large specs had added to the net euro short position as of May 7th. This data showed a net short EUR FX position around -33,5k contracts as of Tuesday, in comparison to the previous week’s -30k position

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

    • This looks like a beginner question, so I'll say... Depends. Stock market studies usually focus on one of two areas; Fundamental or Technical. The fundamental trader wants to know all about the company: Who is the CEO? What does the history of company earnings look like? How does the company compare with others in the same or similar business? They often read and study the company's annual reports. The technician usually doesn't care much about the company details. If the stock price is going up, they should be a buyer. If the stock price is going down, they should be a seller. A small portion of investors believe they should know both disciplines. If you don't know which of the above are most appealing to you, ask about good books on general markets that include both fundamental and technical trading philosophies and techniques. Or ask about good fundamental books. Or ask about good technical trading books. I have about 800 texts. About 80% are technical, 20% are fundamentally inclined, so I wouldn't know what to suggest without more information from you.
    • Renko Full Throttle PRO IndicatorNew Set is released for EURUSD 30 Min Chart: Recorded +650 Pips profit in the last year with28 total trades23 trades hit TP5 trades hit SLSuccess rate is 82%    
    • The HotForex VIP Partners Rewards Contest is back! Dear Client, The HotForex VIP Contest is YOUR chance to win fantastic luxurious prizes by being the Partner with the clients that deposit and trade the most! Earn the returns you deserve, in addition to your usual commissions, by entering this exclusive contest today. Win the Grand Prize of a trip for 2 to Cyprus to meet your broker or many more luxurious prizes worth a total of 100,000 USD! Registrations are open NOW! Terms and Conditions Apply We wish you the best of luck! The HF Partners Team
    • Date : 11th November 2019. Events to Look Out For Next Week 11th November 2019.Important events are coming up this week, with UK, China and US inflation and GDP releases.Monday – 11 November 2019 Gross Domestic Product (GBP, GMT 09:30) – UK growth has “slowed materially” this year due to Brexit uncertainty and global trade wars. September forecasts see GDP growth steady, while the preliminary outcome for Q3 is anticipated to slow down. Tuesday – 12 November 2019 ILO & Average Earnings Index 3m/y (GBP, GMT 09:30) – UK Earnings with the bonus-excluded figure are seen unchanged at 3.8% y/y in the three months to September. UK ILO unemployment is expected steady at 3.9%. ZEW Economic Sentiment (EUR, GMT 10:00) – Economic Sentiment for November is projected at -22.7 from the -22.8 seen last month, as the current conditions indicator for Germany turned negative. The overall Eurozone reading though is expected to decline slightly further to -32.5 from -23.5. A lower than expected outcome ties in with the stagnation in market sentiment. Wednesday – 13 November 2019 Interest Rate Decision, Monetary Policy Statement and Press Conference (NZD, GMT 01:00) – The RBNZ is widely expected to proceed with a 25 bp cut to 0.75% as it continues to ease policy amid the slowing in growth. However, it will be interesting to see whether RBNZ will signal further easing in contrast with the latest encouraging economic data. Consumer Price Index (GBP, GMT 09:30) – The UK CPI is expected to rebound to a 1.8% y/y rate in October after dipping to 1.7% in September and August from 2.1% in July. Consumer Price Index (USD, GMT 13:30) – A 0.3% October headline CPI rise is anticipated with a 0.2% core price increase, following respective September readings of flat and 0.1%. As-expected gains would result in a headline y/y increase of 1.7% for a third consecutive month, just as core prices rise 2.4% y/y for a third consecutive month. An up-tilt in y/y gains into Q1 of 2020 is expected due to harder comparisons and some lift from tariff increases that should leave gains in the 2.4% area, which may help ease concerns about persistent inflation undershoots of the Fed’s 2% objective. Powell’s 2-day Testimony (USD, GMT 16:00) – Federal Reserve Chair Jerome Powell testifies before Congress, providing a broad overview of the economy and monetary policy. Thursday – 14 November 2019 Employment Data (AUD, GMT 00:30) – While the unemployment rate is expected to have increase at 5.3% in October, employment change is expected to have stabilized, at 15K compared to 14.7K last month. Retail Sales ex Fuel (GBP, GMT 09:30) – UK Retail Sales are expected to have dipped with a -0.9% ex-auto figure on a m/m basis. Gross Domestic Product (EUR, GMT 13:30) – Eurozone Q3 GDP growth held steady at 0.2% q/q – a better than expected report that highlighted once again that it is a mistake to reduce the Eurozone economy to the German manufacturing sector alone. The same outcome is expected on Thursday as well, at 0.2% q/q for Eurozone preliminary reading. Friday – 15 November 2019 Retail Sales (USD, GMT 14:30) – A 0.4% October gains for both the retail sales headline and the ex-auto figures have been estimated, following a -0.3% September headline dip with a -0.1% ex-auto figure. Gasoline prices should give a boost to retail activity given an estimated 4% increase for the CPI gasoline index. Unit vehicle sales should ease in October with a dip to an estimated 17.0 mln pace from 17.2 mln in September. Real consumer spending is expected to grow at a 2.6% rate in Q4, following the 2.9% Q3 clip. 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 HotForex 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. Andria Pichidi Market Analyst HotForex 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.
    • It is really an amazing too to use, if it really works as it is shown on picture. Many strategies are always based on these high and lows.
×
×
  • Create New...

Important Information

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