• Australian (ASX) Stock Market Forum

Hello and welcome to Aussie Stock Forums!

To gain full access you must register. Registration is free and takes only a few seconds to complete.

Already a member? Log in here.

EUR/USD

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

  1. Stratanu

    Stratanu

    Posts:
    40
    Likes Received:
    0
    Joined:
    Sep 8, 2013
    The EURUSD confirmed a mixed closing last night managing however to remain above the 1,10 level. The pair is still interior the negative outside day with 1,1110 – 1,0885 still the levels to follow. Only a daily closing above 1,1110 will support higher levels.
    However, while below the 200 days line at 1,1111 the pair will remain under pressure!!
    The indicators of the daily chart are still well negative for now while those of the s/t charts are instead still showing a mixed picture supporting further consolidation/ correction. Only an hourly closing above 1,1075 will favour a higher retracement suggesting a 1,11 overshooting!!
    I stay still on the sideline waiting for higher levels to sell!!
     
  2. Wysiwyg

    Wysiwyg Everyone wants money

    Posts:
    8,421
    Likes Received:
    257
    Joined:
    Aug 8, 2006
    450 pip day bar so far. Must be some sort of record. :D
     
  3. CanOz

    CanOz Home runs feel good, but base hits pay bills!

    Posts:
    11,231
    Likes Received:
    448
    Joined:
    Jul 11, 2006
    My IG Markets Eur/Usd is quoting much lower than the currency futures...is this a normal thing?
     

    Attached Files:

  4. Andrea ForexMart

    Andrea ForexMart

    Posts:
    1
    Likes Received:
    0
    Joined:
    Feb 15, 2016
    Fundamental Analysis: February 15

    A down fall of stock markets is an aftermath of concerns about the global economic outlook which also caused the US dollar to be under pressure last Friday. The demand for the yen and the euro heightened. And because of the celebration of Chinese New Year, the Chinese market was closed.

    The Japanese Finance Minister enlightened the investors that the fleet growth of Japanese yen could be a factor of the regulator's mediation. If there's a need to restrict the yen's growth, the bank will take all the necessary measures to make this happen. The exchange rate has been lately demonstrating quite sharp inconsistency that vary from the BoJ's financial policy, the Finance Minister stated.

    The Gross Domestic Product of the Eurozone (q/) stayed at the same level of 0.3%, as claimed by the Eurostat.

    On Friday, the US retail sales forecast for January was issued. The report was at 0.1%, the index occurred at 0.2%. In the initial estimate, the Michigan University Consumer Confidence Index for February was anticipated to increase by 92.6 from 92.0 in January. The index occurred at 90.7, much lesser than it was expected.

    EURUSDH415.png
     
  5. nazemi

    nazemi

    Posts:
    1
    Likes Received:
    0
    Joined:
    Sep 21, 2013
    Hi.do you know any group in telegram messenger or whatsup or android about forex?
     
  6. CanOz

    CanOz Home runs feel good, but base hits pay bills!

    Posts:
    11,231
    Likes Received:
    448
    Joined:
    Jul 11, 2006
    Fade the morning trend anyone?
     

    Attached Files:

  7. Lone Wolf

    Lone Wolf

    Posts:
    401
    Likes Received:
    50
    Joined:
    Dec 4, 2008
    You would need to make sure you could actually keep trading it through that three year period in the middle where it did noting. Although as I understand it, you're trading a portfolio of different strategies. That would make it much easier to handle. You might not mind if one strategy goes sideways for a while, so long as it's not actually losing you money.

    Nice work though, I've seen that sexy DAX curve in the other thread too. Looks like it's all coming together for you. Great to see. :xyxthumbs
     
  8. CanOz

    CanOz Home runs feel good, but base hits pay bills!

    Posts:
    11,231
    Likes Received:
    448
    Joined:
    Jul 11, 2006
    Thanks wolf, that euro system is unfiltered and as quant mentioned to me today, a volatility filter a larger time frame would likely help. These recent tests are from strategies just back from my coder, so very early stages of development.

    Yeah, lots of work on lots of old ideas. It's worth it though to come up with something that you can't just optimise to death...!
     
  9. M54

    M54

    Posts:
    1
    Likes Received:
    0
    Joined:
    May 23, 2017
    could anyone forecast please
     
  10. Triathlete

    Triathlete Keep it Simple..!

    Posts:
    632
    Likes Received:
    78
    Joined:
    Nov 10, 2014
  11. cogs

    cogs

    Posts:
    362
    Likes Received:
    30
    Joined:
    Jul 21, 2007
  12. cogs

    cogs

    Posts:
    362
    Likes Received:
    30
    Joined:
    Jul 21, 2007
    I feel it's only a matter of time.

    The grind down of the USD seems to be bouncing the EUR off the 1.15 ceiling. HK session has just attempted to put in a top

    Thought I might add, this pair has unfinished business down at 1.08.
     

    Attached Files:

  13. cogs

    cogs

    Posts:
    362
    Likes Received:
    30
    Joined:
    Jul 21, 2007
    Be interesting to see if this breaks. It appears most pairs have settled in short term middle range waiting on Trumps trade deal with china, not that I believe news moves FX, but fundamentals short term should show up on this pair also.
    If the EUR breaks to the up side first target will be hidden gap fill, then it will be targeting 1.16 IMO, as there are orders up there still waiting to be closed. It is easy to see now the HK asian top yesterday was false, with their orders yet to be closed.
    This pair has been a pig to trade IMO (again), but I stand ready to pounce either way.
     

    Attached Files:

  14. cogs

    cogs

    Posts:
    362
    Likes Received:
    30
    Joined:
    Jul 21, 2007
    Hidden gap filled, another created and heading for 1.16 target with new buyers coming in, and maybe, just maybe the completion of hidden gap fill 1.16180 - 1.16375.
    At least it's out of the ugly range, still no incentive for trading either way.
     

    Attached Files:

    Kryzz likes this.
  15. Kryzz

    Kryzz shaun

    Posts:
    479
    Likes Received:
    77
    Joined:
    May 12, 2008
    Been waiting for that range to be taken out, finally.
     
  16. cogs

    cogs

    Posts:
    362
    Likes Received:
    30
    Joined:
    Jul 21, 2007
    My thoughts for tonight and/or early next week.
    After the Asian short squeeze up today we may see more hidden gap retrace down then onward and upward to close out positions from London US long squeeze.
     

    Attached Files:

  17. cogs

    cogs

    Posts:
    362
    Likes Received:
    30
    Joined:
    Jul 21, 2007
    First leg played out as expected. New hidden gap opened up for the fade upward to begin early next week.

    But who bloody knows what Brexit is going to do and how it will affect this pair. The Asian session seems to well situated for big fades at the moment.

    Still open positions to be closed out up to 1.15680.
    I still think this pair is filling positions medium term for a larger move down.

    EURUSD T3.png
     
  18. Fxortrader

    Fxortrader

    Posts:
    14
    Likes Received:
    1
    Joined:
    Mar 22, 2019
    EURUSD POTENTIALS SHORT-TERM DOWN IN THE MIDDLE TO STRENGTHEN US DOLLARS

    The movement of EURUSD has a chance to move down in the short term as the dollar strengthens after the release of a number of US economic data that looks optimistic.

    Today the focus of investors will be on a number of manufacturing and service index reports starting from France at 15:15 WIB, Germany at 15:30 WIB and Euro zone at 16:00 WIB for indications of the economic health of the main economies in the bloc.

    Support levels: 1.1340 - 1.1300 - 1.1240
    Resistance level: 1.1400 - 1.1440 - 1.1500
     
    cynic likes this.
  19. Fxortrader

    Fxortrader

    Posts:
    14
    Likes Received:
    1
    Joined:
    Mar 22, 2019
    EURUSD FURTHER Down TO 1.1301 USAI NATURAL GERMAN MANUFACTURING PMI CONTRACT THERE


    The EURUSD currency pair fell sharply after the German flash manufacturing PMI data in March which was far below estimates while marking a three-month consecutive contraction.

    Data recently released showed the March German flash manufacturing PMI fell to 44.7, while predictions said at 48 and data in the previous month were 47.6. The contraction in the manufacturing PMI in the Eurozone's largest economy has started since January, when it was at 49.9. In December last year German manufacturing was still experiencing expansion, precisely at number 51.5. Number 50 is a limit to determine whether manufacturing activity experiences expansion or contraction.

    This data confirms that the slowdown in the Eurozone is increasingly becoming and as a result of the US-China trade war. This economic slowdown was feared by the European Central Bank (ECB) so that the ECB issued a soft loan policy to banks to be channeled to the public.

    EURUSD dropped sharply from 1.1386 to 1.1295 in the last hour before then turning to 1.1301, or down 0.61 percent, equivalent to 70 pips from the close of the New York session last night.
     
  20. cogs

    cogs

    Posts:
    362
    Likes Received:
    30
    Joined:
    Jul 21, 2007
    Few bids come today, still untradable IMO until a bounce back up to 12.5 or 13.3 ish. long term target for me is still 1.075 ish.

    eurusd.png

    With USDCHF about to hit some resistance (as much as I hate to use that word) I recon this should get sorted with NFP end of week.

    usdchf.png
     
    Last edited: Apr 3, 2019
Loading...

Share This Page