Jump to content
Sign in to follow this  

eurusd

Recommended Posts

Looking for support again today, may find it at 1.2194 (again), otherwise it is back to 1.2092.

 

 

EURUSD(£)H41701.png

Share this post


Link to post

Short term sell off (EUR/USD) seems to be driven by GBP strength not USD. USD has woken up now... further lows for EUR/USD?

 for

4.png

  • Like 1

Share this post


Link to post

Short term sell off (EUR/USD) seems to be driven by GBP strength not USD. USD has woken up now... further lows for EUR/USD?

 for

4.png

  • Like 1

Share this post


Link to post

Continuing it's climb upward after prolonged sideways period, currently respecting the 100 MA on the 5 min but so far unable to clear prior high at  1.2335. Good correlation analysis , new week new scenario. 

 

 

EURUSD(£)Daily2401.pngEURUSD(£)H12401.pngEURUSD(£)M52401.png

Share this post


Link to post

eurusd happily ranging while awaiting a Draghi sensation but the chart is setting good levels to bear in mind. The problem with pressers is that price can reverse on each sentence and this one usually goes on for 3/4 of an hour. Usually worth holding off til some kind of consensus is reached.

 

 

EURUSD(£)H1.pngEURUSD(£)M5.png 

Share this post


Link to post

Monthly chart sees trendline resistance dead ahead. Strong January overcame the 5 month resistance (and prior support) level 1.2092, will be interesting to see how this plays out.

 

EURUSD(£)Monthly.png

Share this post


Link to post

Is checking the Feb highs but not too far way (~ 130 pip) is the descending trendline from the monthly chart.

 

EURUSD(£)Daily.png

 

EURUSD(£)Monthly.png

Share this post


Link to post

Slightly off topic but... I never get the logic of MA's or EMA's (admitidly I've never really looked into it much). But why pick arbitry 'x' numbers of days.

 

Why 7 or 21 for example, when the candles will only print on actual market open trading days, so why not 5 or 15 for the '1 week and 3 weeks worth'? Why three weeks anyway, and now 4?

 

Why 100 and 200 days, rather than 252 which is the number of trading days in a year (generally)?

Share this post


Link to post

Hi ,  good question.  MA's are the basis of nearly all indicators you will see on any drop down list, sure they may have been through some convoluted math but the origin of most is the humble MA.

 

MA's are obviously a lagging indicator as most are but they do provide historic and up to the tick information on trend direction, and on momentum by the increasing or decreasing degree of angle of slope. They are often also used as dynamic support lines.

 

Which one to choose is the key question, the answer is to experiment to find a best fit for whatever time frame you are looking at and which market you are trading. As with any indicator you are trying to figure what the market movers are using (and they will be using them) so zoom out and see which ones are being used for support in a trend. Common favourites are 20, 50, 100, 200. SMA's tend to be used by the older traders on established markets such as stocks, EMA's tend to be used by younger traders on newer markets such as FX and crypto. 

 

This is not an exhaustive appraisal of MA's but just thoughts off the top of my head based on my own experience. No indicator will determine the future but if enough large players are using one they will become a sort of 'self fulfilling prophesy'. 

 

So again, the key is to zoom out and see if one is relevant, if not move on and look for some thing else.

Share this post


Link to post

Eurodollar has moved down through trendline support, yesterday's low, and the 200 MA. Next level down is 1.2300.

 

 

EURUSD(£)H1.png

Share this post


Link to post

Did break down through 1.2300, now looking at prior low support level 1.2275, a successful break down here would target the weekly support level 1.2200.

 

EURUSD(£)H1.png

Share this post


Link to post

eurusd sitting at a pivotal point, a break either way could signal a larger move. A eurusd long is IG's 'trade of the week' but ran into trouble yesterday on new Fed chair Powell's testimony.

 

 

EURUSD(£)Daily.png

Share this post


Link to post

Unable to progress since Jan, large daily bear candle yesterday engulfs forming a lower high following a lower low.

 

EURUSD(£)Daily.png

Share this post


Link to post

EURUSD trading idea;
*Watch for trend continuation for sell entry,

*Possible H&S pattern,

*Watch the bottom around 1.2160 area for long opportunity,

 

Trade with care,

Best Regards,

 

12.03.18.png

 

Share this post


Link to post

especially with the US data of the last couple sessions  ! 

Share this post


Link to post

A reversal pattern here would be in keeping with the monthly chart where price has run into trendline resistance. Will probably depend on how the US Dollar scenario plays out which is currently sitting just 100 points below major resistance having looked to have bottomed out over the last 7 weeks.

 

EURUSD(£)Monthly.pngUS Dollar Basket_20180313_08.59.png

 

 

Share this post


Link to post

Interesting break down out of range on the 1 hour chart yesterday, currently retesting the range bottom and trying to decided which why to go. FOMC decision this evening with high prediction of a rate rise so we may see euro test lower in anticipation.

 

 

EURUSD(£)H1.png 

Share this post


Link to post

Will be hoping for support here at prior resistance level and 200 ma, if not the next level down is 1.1927.

 

EURUSD(£)Daily.png

Share this post


Link to post

Back down retesting this crucial support level 11553 having got a bounce off last month now taking another look.

1110999680_EURUSD()Monthly.thumb.png.7ea27934bf949201e527b7df81dddaab.png

Share this post


Link to post

Bull flag, bear flag comparison chart of eurusd and dxy, dxy closing in on long term resistance again as eurodollar heads toward the long term support level.

Daily charts;

de1.thumb.PNG.c232ad8d52524e7fb20ac690c53ff6d2.PNG

Share this post


Link to post

Looking to retest monthly support at 11507 again. Saved in May and June but a third time?

Monthly chart;

1521553977_EURUSD()Monthly.thumb.png.d12b1ed8a81275cf1b5679ae83d428be.png

 

Share this post


Link to post

The 11500 support level has gone, that was the weekly and monthly support level for the eurodollar. 

911798306_EURUSD()Daily.thumb.png.f8c8be5f3b8ae42d65197cb7deee0594.png

Share this post


Link to post

Your content will need to be approved by a moderator

Guest
You are commenting as a guest. If you have an account, please sign in.
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.

Sign in to follow this  

  • #IGForexChat.png

  • Member Statistics

    • Total Topics
      5,524
    • Total Posts
      22,699
    • Total Members
      27,556
    Newest Member
    OomPierre
    Joined 16/10/18 16:06
  • Our picks

    • Hurricane season in the US - Where to look for trading opportunities
      Hurricane Michael is already regarded as one of the strongest hurricanes ever to hit US. The worst hit areas of Florida’s northwest coast saw significant damage to residential property, along with President Trump authorizing FEMA to step in and coordinate disaster efforts. 

      Even though the worst might have already passed, the 2018 North Atlantic hurricane season is likely to have sizable effect for the next seven weeks. The effect on the markets can be notable around this time, with the following sectors likely to see an increase in volatility.
      • 0 replies
    • UK Data to forecast stability going into Brexit talks? - EMEA Brief 16 Oct
      U.K. monthly average earnings and monthly unemployment release today at 9:30 BST. Earnings forecast to be stable at 2.6% whilst the unemployment rate is forecast to be 4%. The releases could be an important signal to the current economic health of the UK.
      • 0 replies
    • Does volatility affect IPOs?
      The music entertainment arm of Tencent, which has 800 million users across a variety of platforms in China, had originally planned to go public in the United States imminently. The IPO was initially set to launch as soon as this week but has now reportedly been delayed because of the recent global sell-off. It is not the first company to pull out or postpone an IPO in the recent weeks, and whilst Tencent have declined to comment on the decision, it’s likely to be on the back of volatility seen in the equity markets.
      • 0 replies
×