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EUR/USD

Discussion in 'Forex and Cryptocurrencies' started by SeM0s, May 12, 2011.

  1. PipSafe

    PipSafe

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    EUR/USD in recent weeks, has been experienced many reformation with a gradual upward trend that Buyers over price increases obtained the highest price of 1.39145. As it is obvious in the picture below, Price has passed the descending trend line made of 3 peak prices and with being above 5-day moving average warns about more ascending.Currently in long-term time frames such as monthly , weekly and daily price is above the 5-day moving average which implies consistent uptrend with potential of further rise in price during the next candles.

    In daily time frame of previous Candle the ideal Shooting Star candlestick pattern is seen that has long higher shadow and cause the failure of Buyers in reaching to the higher price and possibility of formation of a peak price in this range. By fixing of Shooting Star candlestick pattern’s warning (closing of descending candle at the end of the day) there is a possibility for descending of price.As it is obvious in the picture below, there is a harmonic butterfly pattern(also AB=CD Pattern) between the bottom price of 1.34788 and the top price of 1.39145 that there is a potential for changing price direction from D point of this pattern. The first warning for descending of the price in current condition is breaking of the supportive level of 1.38521.

    S1=1.38521
    S2=1.38235
    R1=1.39145
    R2=1.4000eurusdh4.png
     
  2. havaiana

    havaiana

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    The Euro is currently on it's way to the moon for no apparent reason, very weird for Asia. Don't usually touch it during these hours, but tempted to have a nibble on the short side if we get a decent spike above 13950 soon
     
  3. Wysiwyg

    Wysiwyg Everyone wants money

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    I think the high was 1.3966 so a short position would have seen you in a couple of hundred pips. I know I know, you didn't hang on did you. :D

    Anyway, I was posting about the Swiss CPI figure being inflationary and whether the EURUSD will continue on this upward trend. (looks like the pivot now)
     
  4. PipSafe

    PipSafe

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    EUR/USD during the recent days was in a Downtrend that Sellers were successful in achieving the highest price of 1.36727.Price by reaching to the Up Trendline (made of 2 bottom price) was not able to descend and break it in daily time frame and by creating the hammer candlestick pattern on this line shows recessing of sellers in reaching to the lower price and also the supportive level of 1.36413.

    As it is obvious in the picture below between the top price of 1.38749 and the bottom price of 1.36727, there is an non-ideal AB=CD harmonic pattern with the ratios of 61.8 and 127.2 that with completion of the D point , there is a potential for ascending of price.Stoch indicator in Daily time frame is in saturation sell area and with the next cycle confirms the current bottom price and warns about the potential of ascending during the next candles.Generally until the price level of 1.36727 is preserved, price will have the potential for reformation and ascending.


    [​IMG]
     
  5. PipSafe

    PipSafe

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    EUR/USD has experienced a Uptrend during the recent month that the buyers were successful in achieving the lowest price of 1.39672.Right now price is above 5-day moving average in long term time frames such as monthly, weekly and daily that shows a consistent Uptrend in long period of time.Price during the downfall with reaching to the Up Trendline( with several bottom price) has stopped from more descend and has formed a bottom price in the level of 1.37744.

    If price rises and buyers success one of the price targets would be alterant level of 1.39000(or red resistance level)According to the condition of this currency pair, there is no clear reason for descend. There is formation of recursive candle patterns or one descending candle in daily chart which is the least acceptable sign for price reformation.

    S1: 1.38512

    S2: 1.37900

    R1:1.39000

    R2: 1.39400



    [​IMG]
     
  6. Stratanu

    Stratanu

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    EURUSD’s fall last week left price action near-term stretched and has seen a small bounce off the lows. However, I view strength as corrective and, with a small top below small 1.3640 still in place, I stay bearish. Removal of "neckline" support at 1.3513/03 would aim at more important levels at 1.3487/77 – trendline support and the early year low. A break of this level is needed to compete a large “bear wedge” pattern, and now also a further top, warning of further significant weakness to 1.3248 initially.
    Near-term resistance remains at 1.3613, above which can see a recovery back to 1.3640/42, and potentially 1.3665.
    Trade Idea: Sell strength to 1.3630/40, stop above 1.3665. Take profit at 1.3513/03.
     
  7. PipSafe

    PipSafe

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    EUR/USD during the recent Days could descend without reformation and record the Bottom price of 1.34374.Right now price in long term time frames such as monthly and weekly is under 5-day moving average which shows the downtrend. Currently The Price has passed the Up trendline made of 2 bottom prices and with being under 5-day moving average warns about more descending.
    As it is obvious in the picture below, there is an AB=CD harmonic pattern between the bottom price of 1.20496 and the top price of 1.39920 with none- ideal ratios of 50 to 127.2 that warns about descending of price from the D point of this pattern.Stoch indicator in monthly and weekly time frames shows the possibility of descending of the price according to the next cycle.Sellers in midterm outlook try to get the supportive level of 1.34000 and for the next stage, the important level of 1.33500 and these two supportive levels are the possible targets of price downfall.

    Technical analysis of EUR/USD dated 2014.07.25

    [​IMG]
     
  8. Stratanu

    Stratanu

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    The EUR/USD formed a positive day reversal while waiting for Yellen’s comment but not only, because also Draghi could support some volatility today! Only a daily closing tonight above 1,3290 will support a s/t bottom. The indicators of the daily chart are still well negative but recovering while those of the s/t charts are showing a mixed picture this morning suggesting some consolidation/ correction. While above 1,3270 on an hourly closing we expect a 1,33 overshooting with the 200 hours line at 1,3343 the possible attraction. Already an hourly closing above 1,3285 at 7.00 CET will support an extension of the move up. We’re still long (1.3248 sm) since yesterday and put now a stop just in case a 1,3235 while waiting for a 1,3330 overshootin.EURUSD 140822.png
     
  9. PipSafe

    PipSafe

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    EUR/USD in recent weeks, has been experienced many reformation with a gradual Downward trend that Sellers under price decreases obtained the lowest price of 1.32363.Currently in long-term time frames such as monthly / weekly and daily price is under the 5-day moving average which implies consistent downtrend with potential of further decreases in price during the next candles.As it is obvious in the picture below, price during the descending has touched the Support line (made of 3 bottom prices) has created the one bullish candle. Closing another of the bullish candle after this bottom will confirm it and warns about ascending of price.

    According to the formed movements in Daily time frame, between the top price of 1.39915 and bottom price of 1.32363 there is AB=CD harmonic pattern with ideal ratios of 38.2 and 224.2 that by completion of the D point in this pattern, there is warning for ascending of the price. RSI indicator in Daily time frame is in saturation sell area and according to the next cycle confirms the D point of this pattern and warns about the potential of ascending during the next candles( because of not being in the same direction with long term time frame it is not much valid). According to the current condition of price, the first warning for ascending of price is breaking of the resistance level of 1.32959.


    EUR/USD Technical Analysis dated 2014.08.22
    [​IMG]
     
  10. Stratanu

    Stratanu

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    The EUR/USD confirmed a weak daily, weekly and monthly closing on Friday supporting further weakness.
    The indicators of the m/t charts are all well negative supporting further weakness; we have however oversold conditions that could favour a rebound but again, we’re missing any signal suggesting an action. The indicators of the s/t charts are also negative with further bullish divergences confirming a negative tone.
    daily chart are still well negative as well as those of the s/t ones supporting further weakness.
    Possible rebounds should find resistance at 1,3160 before the 200 hours line at 1,3209!!
    EURUSD 140901.png
     
  11. Stratanu

    Stratanu

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    The pair confirmed this morning a small reversed S_H_S formation in the hourly chart starting a small correction that should confirm a test of the 200 hours line at 1,3172!! The closing last night was also positive forming a positive day reversal. Only a daily closing tonight above 1,3138 will confirm a s/t bottom! The indicators of the daily chart are still well negative and oversold but those of the s/t charts are positive supporting a rebound. An hourly closing above 1,3145 will support the extension of the rebound!
    EURUSD 140903.png
     
  12. Andyasu

    Andyasu

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    EURUSD

    EUR/USD

    1.jpg

    EUR/USD broke below the 1.2760 line on Thursday, but after finding support at 1.2693 (S1), the rate rebounded to test the 1.2760 bar as a resistance. On the daily chart, the pair is still printing lower peaks and lower troughs below both the 50- and the 200-day moving averages, thus the overall path remains to the downside. Hopefully the rate to challenge the low of the 13th of November 2012, at 1.2660 (S2). Dip below that hurdle could set the stage for larger bearish extensions, perhaps towards the psychological level of 1.2500 (S3).
    Support: 1.2693 (S1), 1.2660 (S2), 1.2500 (S3)
    Resistance: 1.2760 (R1), 1.2825 (R2), 1.2900 (R3)
     
  13. Growth Aces

    Growth Aces

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    EUR/USD: Get Short Ahead Of FOMC meeting

    GROWTHACES.COM Trading Positions

    AUD/USD: short at 0.8820, target 0.8660, stop-loss 0.8870

    EUR/JPY: long at 135.20, target 137.70, stop-loss 136.10

    EUR/CHF: long at 1.2085, target 1.2160, stop-loss 1.2045

    GBP/JPY: long at 172.00, target 175.00, stop-loss 172.30



    EUR/USD higher after better-than-expected ECB stress tests

    (we are looking to get short at 1.2760)

    The European Central Bank announced on Sunday that 24 of the euro zone's 123 biggest banks failed the health checkat the end of last year with a total capital shortfall of EUR 24.6 bn. The bank added that most of them have since repaired their finances. Many of the lenders have raised capital since the end of 2013 and the total shortfall shrank to EUR 9.5 bn across 14 lenders by the end of September 2014. The euro zone banks now have two weeks to come up with plans for plugging any capital holes uncovered by the stress test within nine months.
    The ECB found the biggest problems in Italy, Cyprus and Greece. Italy faces the biggest challenge with nine of its banks falling short and two still needing to raise funds. Regulators said three Greek banks, three Cypriots, two from both Belgium and Slovenia, and one each from France, Germany, Austria, Ireland and Portugal had also missed the grade as of end-2013.
    German Ifo business climate index, based on a monthly survey of some 7,000 firms, fell to 103.2 from 104.7 the previous month. That was its weakest reading since December 2012. The median forecast amounted to 104.3. Ifo economist Klaus Wohlrabe said he expected zero growth in the fourth quarter in Germany and that there were almost no bright spots for German industry at present.

    Let’s take a look at Ifo Business-Cycle Clock. We see that German economy is in the downswing phase. The chart suggests that entering the recession phase cannot be excluded in the first quarter. The recession will not be deep, however.
    The EUR/USD firmed on Monday after the European Central Bank's stress tests found smaller capital shortfalls among European banks than expected. The EUR depreciated slightlyafter the weaker-than-expected Ifo release.
    The main event this week for the EUR/USD is the FOMC meeting on Wednesday and Janet Yellen’s speech on Thursday. In our opinion the EUR/USD is likely to fall again after a slight recovery. We have placed our sell offer at 1.2760.

    Significant technical analysis' levels:

    Resistance: 1.2723 (10-dma), 1.2730 (200-hma), 1.2740 (daily high Oct 22)

    Support: 1.2635 (low Oct 24), 1.2614 (low Oct 23), 1.2605 (low Oct 10)



    USD/JPY: Looking to get long ahead of macro releases and BoJ’s meeting

    (our buy offer is at 107.60)

    The USD/JPY traded up to 108.38 early Asia after the Wall Street rally on Friday and better-than-expected stress tests results in the Euro zone. The USD/JPY fell below the support at 107.78 (Friday’s low) during European session on profit taking.
    We are still bullish on the USD/JPY. We keep our long positions on crosses: EUR/JPY (we have raised the target and the stop-loss level) and GBP/JPY and are going to get long on the USD/JPY at 107.60.
    We have some important macroeconomic releases for Japan’s economy this week. Our forecast for retail sales (today GMT) is at the level of 0.4% yoy vs. the median forecast of 0.6% yoy. The release of industrial output data is scheduled for tomorrow and our estimate is slightly above the median forecast.
    The most important event will be probably the CPI reading on Thursday (late evening GMT) ahead of Friday’s (early morning GMT) BoJ’s meeting. We expect inflation to go slightly down vs. the previous month that is likely put some pressure on the BoJ to add further dovish hints into its statement.

    Significant technical analysis' levels:

    Resistance: 108.38 (hourly high Oct 27), 108.74 (high Oct 8), 109.08 (76.4% of 110.09-105.20)

    Support: 107.11 (low Oct 23), 106.78 (low Oct 22), 106.26 (low Oct 21)
     
  14. PipSafe

    PipSafe

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    EUR/USD since 2014.05.08 was in a strong and without reformation downtrend that shows the certainty of the sellers in achieving the predetermined goals. Sellers during this downtrend were successful in achieving the lowest price of 1.24393 that if it breaks, the price will find the potential in reaching to the other important supportive level of 1.24000.


    As it is obvious in the picture below between the top price of 1.28866 and the bottom price of 1.24393, there is an ideal AB=CD harmonic pattern with the ratios of 50 and 200 that with completion of the D point (also formation of Hammer pattern in D point), there is a potential for ascending of price. Generally according to the current condition and recent downtrend, until the supportive level of 1.24393 is preserved, price has the potential for ascending and reformation in this currency pair.

    [​IMG]
     
  15. PipSafe

    PipSafe

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    EUR/USD chart has experienced a strong descending trend during the recent months that could record the bottom price of 1.23573.According to the recent strong descending, price is in saturation sell area and there is the potential for ascending and price reformation.As it is obvious in the picture below, there is a none harmonic butterfly pattern between the bottom price of 1.23573 and the top price of 1.28854 that there is a potential for changing price direction from D point of this pattern.
    Stoch indicator is in saturation sell area and confirms the D point of this pattern by the next cycle and warns about the potential of ascending of the price during the next candles. Generally until the price level of 1.23573 is preserved, the price has the potential for ascending and reformation.


    [​IMG]
     
  16. 787

    787

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    Pipsafe - Do you think that - the price level of 1.23573 has been preserved?
    Thanks.

     
  17. PipSafe

    PipSafe

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    Im sorry , i didint your post
     
  18. PipSafe

    PipSafe

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    EUR/USD during the recent month was in a strong downtrend that sellers were successful in achieving the lowest price of 1.23600.According to the formed price movements in the chart, there is a Gartley harmonic pattern between the bottom price of 1.23600 and top price of 1.26000 that warns about descending of the price.Currently according to the condition of this currency pair and its strong downtrend in recent months, price is in saturation sell area and warns about a slight reformation in weekly time frame.

    Right now, the price is trying to the green supportive level to reform itself and then start its ascending movement, but because of the pressure of the selling and powerful descending trend(Down trendline + harmonic pattern), this try has not been successful yet. The least sign for ascending of price is formation of a bottom price and recording of it in H4 and daily time frames.

    Untitled.png
     
  19. PipSafe

    PipSafe

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    EUR/USD chart has experienced a strong descending trend during the recent Days that could record the bottom price of 1.22486.as it is obvious in the picture below , price has been stopped from more descending with reaching to the Up Trendline( made of 2 bottom prices) and has formed a bottom price.As it is obvious in the picture below between the top price of 1.25993 and the bottom price of 1.22486, there is an ideal AB=CD harmonic pattern with the ratios of 61.8 and 161.8 that with completion of the D point (also formation of Crab pattern in CD wave), there is a potential for ascending of price.RSI indicator is in saturation Sell area and in divergence mode with the price chart in H4 time frame that confirms the price level of 1.22486 and warns changing price direction during the next candles.Generally until the price level of 1.22486 is preserved, price will have the potential for reformation and ascending.


    Untitled.png
     
  20. Stratanu

    Stratanu

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    Trading View: EURUSD confirmed a further weak closing on Friday making a new low in the daily as well as in the weekly chart supporting further weakness. The drop failed yet to confirm our m/t target that we expect to see very soon! We still expect the EURUSD to deep below 1,20 before end of the year with 1,1321 the possible target in the coming weeks!
     
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