The catalyst bedind the latest recovery in eur/usd was the FBI and of course the extreme level of short positions on euro. As you can see eur/usd has reached and stopped at an important level around 1.1120 after a steep jump. From this point the bears have little time to try retaking the lost ground, otherwise the bulls will push eur/usd into the bullish territory once the price gets over 1.1120. There is no turning back..
marius24's Blog
EURusdupdate
Having escaped from a well-shaped downtrend channel, eurusd is aiming to keep the upside momentum. The bulls need right now to push the price up towards 1.1025 and from that point an inverted H&S pattern can emerge. Let's wait and see the story with Clinton's emails.
USDjpy
When it come to trading this pair at this moment.....it's quite challenging to choose a direction. Why? As you can see the price has managed to complete a nice double bottom and even to break it to the upside, but a rising wedge pattern is waiting to be borken amid a risk off enviroment which could be trigger by a possible narrowing gap between Hillary and Trump due to the latest story with FBI.
GBP/USD
The cable is in a oversold territory and a bullish signal has already appeared on the 4h chart under the form of a white hammer. In any case any bullish attempt will be a sell opportunity for the bears' camp. At this moment entering a short position is not worthing the risk. The pair is poised for more range trading from now on.
EUR/USD FBI
Today the bear camp was turned upside down due to fact that FBI said to reopen probe into Hillary Clinton Emails and therefore eur/usd has managed to break decisively to the upside from that downtrend channel. The next level is 1.1025 where some downside pressure is expected , but not for a long time. Let's wait and see.
EURusd/update
The force of bears was quite strong around 1.0945 and the bulls haven't stood a chance to close a bullish candlestick (H1) above that level. As long as that inverted H&S is still in place the price is in nobody's camp. The bias in clearly on the downside. but a solid breakout to the upside from that downtrend channel will trigger a new wave of taking profits among the bears.
EUR/USD
Eur/Usd is in an downtrend having broken to the downside a triple top (h4) at around 1.1120. Since yesterday the pair Has managed somehow to show a quite impressive recovery from 1.0852 to 1.0946 being help of course by another bullish pattern ( inverted H&S). Looking at this chart you can clearly see a large white candle (30min) sparked initially by a miss in the CB Consumer Confidence from 104 to 98 and later on back by a wave of taking porfit in the "short camp". Right now there is a tough b…
The end of May
This month i was forced to trade more volatile pairs such as : Gbp/Nzd, Gbp/Aud, Gbp/Cad due to some changes in rules of Trader Contest. In the past i used to trade Usd/Dkk, Eur/Hkd Usd/NOK, Usd/Sek with 5000000 , but now this amount si not allowed anymore. I don't know why. Anyway this contest encourages a reckless trading as long as one can put 5 positions with 5 mil..this is insane . Maximum 2 open positions with 5000000 would have brought this contest closer to reality and as such more live…
EUR/USD
It's quite challeging to predict the next direction for the euro against the dollar. In normal conditions the downside side should be on the table as long as the market still sees only 30% of hike in June. On the other side one can say that the next rise in interest rates by the FED is already priced in and from this point a sideways move is more appropriate. Let's see what will happen.
A hawkish FED
Surprisingly the FED now sounds unexpectedly hawkish ..just 2 months ago the dovishness was the main theme.. There are enough signs for the FED to be hawkish taking into account that inflation is a lagging indicator. In case NFP will come next week better than expected ..be sure that FED will move in June as long as the stock market is quiet . It's time to say bye bye to cheap money