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EURUSD 02.07 daily review

As expected, the EURUSD pair started to drop after touchuing the previous high area, but nfortunately the drop wasnt large enough and miss our take profit level by a few pipis. This happens and must not be taken personally . What options do we have now?
Stay in the trade or close it with half of the expected profit? The break of the upsloping trendline suggests that the market could see further decrease before resuming the up trend - so as traders usually do we marry the trade till margin call d…
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EURAUD SETUP

Analytic Method: Candle patterns
Weekly/Monthly Analysis
Euro Economic conditions:
• Euro zone economy is in rebound, with positive comments from ECB
• Positive economic data coming out of the zone
• Some level of uncertainty with member states
• The currency is exposed to instability from member states
• Further Quantitative easing could be off the table
Australian Dollar economic conditions:
• 2016 Q4 recovery from economic contraction in 2016 Q3
• High retails sales in Q4 of 2016
• High expor…
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CADJPY SETUP

Analytic Method: Candle patternsWeekly/Monthly Analysis
Canadian Economic conditions:
• Strong performances by the manufacturing and mining sectors in Q4 of 2016
• Housing starts reached a four-month high in 2017
• Good employment figures at 2017 year start
• Economic indicator point to a positive outlook
Japan economic conditions:
• Slow wage growth
• Unemployment rate at multi-year lows
• Weakened yen has helped exports
• No concrete plans or statements from the BOJ about next economic policy…
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CHFJPY SETUP

Analytic Method: Candle patterns
Weekly/Monthly Analysis
Japan economic conditions:
• Slow wage growth
• Unemployment rate at multi-year lows
• Weakened yen has helped exports
• No concrete plans or statements from the BOJ about next economic policy
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EURUSD SETUP

Analytic Method: Candle patterns
Weekly/Monthly Analysis
Euro Economic conditions:
• Euro zone economy is in rebound, with positive comments from ECB
• Positive economic data coming out of the zone
• Some level of uncertainty with member states
• The currency is exposed to instability from member states
• Further Quantitative easing could be off the table
US economic conditions:
• Interest rates have been increased with speculations of further increase.
• Healthy economic outlook
• No more quant…
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NZDUSD SETUP

Analytic Method: Candle patterns
Weekly/Monthly Analysis
US economic conditions:
• Interest rates have been increased with speculations of further increase.
• Healthy economic outlook
• No more quantitative easing
• Good employment data
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GBPAUD SETUP

Analytic Method: Candle patterns
Weekly/Monthly Analysis
British economic conditions:
• Still recovering from Brexit, with snap elections in June
• UK economy is still struggling
• Monetary policy still uncertain, Bank of England holding interest rates steady
• Pound under pressure on market charts, both long-term and short-term view
Australian Dollar economic conditions:
• 2016 Q4 recovery from economic contraction in 2016 Q3
• High retails sales in Q4 of 2016
• High exports in Q4 of 2016 becau…
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fr33m4n 15 June

The trend is currently very bearish with the exchange rate dropping rapidly, especially after political impact from elections. But it could go back up, but I am banking on the fact that it will continue down and push the exchange rate down some more.

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EURNZD SETUP

Analytic Method: Candle patterns
Weekly/Monthly Analysis
Euro Economic conditions:
• Euro zone economy is in rebound, with elections next month
• Positive economic data coming out of the zone
• Some level of uncertainty with member states
• The currency is exposed to instability from member states
• Further Quantitative easing still a possibility
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GBPJPY SETUP

Analytic Method: Candle patterns
Weekly/Monthly Analysis
British economic conditions:
• Still recovering from Brexit, with snap elections in June
• UK economy is still struggling
• Monetary policy still uncertain, Bank of England holding interest rates steady
• Pound under pressure on market charts, both long-term and short-term view
Japan economic conditions:
• Slow wage growth
• Unemployment rate at multi-year lows
• Weakened yen has helped exports
• No concrete plans or statements from the BO…
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CHFJPY SETUP

Analytic Method: Candle patterns
Weekly/Monthly Analysis
Japan economic conditions:
• Slow wage growth
• Unemployment rate at multi-year lows
• Weakened yen has helped exports
• No concrete plans or statements from the BOJ about next economic policy
Die komplette Geschichte lesen
Übersetzen in Englische Sprache Zeige Original
fr33m4n avatar
fr33m4n 15 June

For this prediction, I am expecting strong bearish price action after the consolidation we have in the attached screenshot, if the exchange rate goes up instead, then it nullifies the analysis.

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