EURUSD
EUR/USD Making a Run Higher
EUR/USD Making a Run Higher EUR/USD intraday: continuation of the rebound. Pivot: 1.2835. Our preference: LONG positions above 1.2835 with 1.293 & 1.2995 in sight. Alternative scenario: The downside penetration of 1.2835 will call for a slide towards 1.279 & 1.2745. Comment: the pair has broken above an intraday declining trend line. Opinion published is [...]
EUR/USD Outlook
EUR/USD Outlook Technical Outlook Short Term: Oversold Intermediate Term: Bearish Long Term: Bearish Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish. EUR is currently 1.3% below its 200-period moving average and is in an downward trend. [...]
FX Trading With MetaStock XENITH FOREX
FX Trading With MetaStock XENITH FOREX The foreign exchange market is unique because of the following characteristics: its huge trading volume representing the largest asset class in the world leading to high liquidity; its geographical dispersion; its continuous operation: 24 hours a day except weekends, i.e., trading from 20:15 GMT on Sunday until 22:00 GMT [...]
USD Long Position Spikes
USD Long Position Spikes DXY, AUD, EUR, NZD USD/JPY: 103.12.. EUR/USD: 1.2832 The US Dollar Index broke through the 84.00 level early in Friday’s US session, hitting a high of 84.35 before pulling back slightly. The USD Index held near 84.24, closing at its best mark since July 2010. The net amount of investor cash [...]
Forex, EUR/USD Broke Down Consolidation Support, and Rising Trendline
Forex, EUR/USD Broke Down Consolidation Support, and Rising Trendline EUR/USD: 1.2796 Let’s look at the falling trendline that held after a relief rally retreated from 1.2930. The 16 May session saw EUR/USD stuck in consolidation, but the 17 May Friday US session saw some action as EUR/USD broke below the previous 1.2842 low. This broke [...]
The Currency War Rages On, USD Outlook
The Currency War Rages On, USD Outlook The alignment in the currency markets has been incisive, as most countries are not bashful in their attempts to devalue their currencies. While the USD is gaining strength these days, the consequence of the current events does not look good for the USD. During Ys 2008-9 crises the [...]
EU Taxes Face Opposition
EU Taxes Face Opposition The UK government has lodged a legal challenge to the financial transactions tax proposed by the European Commission because of concerns that it would hurt those countries that do not sign up to it. UK Chancellor of the Exchequer George Osborne said Friday that the challenge had been filed Thursday with [...]
EUR/USD Headed Lower
EUR/USD intraday: the downside prevails. Pivot: 1.3085 Our preference: Short positions below 1.3085 with targets @ 1.3015 & 1.2985 in extension. Alternative scenario: Above 1.3085 look for further upside with 1.3115 & 1.3165 as targets. Comment: the pair is posting a rebound but stands below its new resistance, the RSI lacks upward momentum. Opinion published [...]
EUR/USD Moving Lower
EUR/USD Moving Lower EUR/USD intraday: under pressure. Pivot: 1.3165 Our preference: Short positions below 1.3165 with targets @ 1.3105 & 1.308 in extension. Alternative scenario: Above 1.3165 look for further upside with 1.32 & 1.323 as targets. Comment: the pair has broken below its support and remains on the downside as the RSI is badly [...]
Euro (€) / US Dollar ($) (EURUSD) Overvalued
Euro (€) / US Dollar ($) (EURUSD) Overvalued EUR/USD intraday: the downside prevails. Pivot: 1.3110. Our preference: SHORT positions below 1.311 with targets @ 1.303 & 1.2995. Alternative scenario: The upside penetration of 1.311 will call for 1.314 & 1.316. Comment: the pair is rebounding but stands below its resistance, the RSI lacks upward momentum. [...]
EUR/USD Outlook
EUR/USD intraday: the upside prevails. Pivot: 1.306 Our preference: Long positions above 1.306 with targets @ 1.3135 & 1.316 in extension. Alternative scenario: Below 1.306 look for further downside with 1.303 & 1.2995 as targets. Comment: the pair is supported by a rising trend line and is challenging its previous high. Opinion published is an [...]
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EUR/USD Headed Lower
EUR/USD intraday: under pressure. Pivot: 1.275 Our preference: Short positions below 1.28 with targets @ 1.258 & 1.246 in extension. Alternative scenario: Above 1.283 look for further upside with 1.2855 & 1.2875 as targets. Comment: the pair is breaking below a bearish flag lower boundary and remains under pressure. Opinion published is an intraday view. [...]
EUR/USD Technicals
EUR/USD intraday: rebound. Pivot: 1.279 Our preference: Long positions above 1.279 with targets @ 1.2845 & 1.2875 in extension. Alternative scenario: Below 1.279 look for further downside with 1.277 & 1.2745 as targets. Comment: the pair is rebounding on its new support as the RSI is well directed. Opinion published is an intraday view. Green [...]
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