aslamhammad's Blog

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EUR/USD

Monthly Chart:
Well it looks like price has been stuck in a elliot wave triangle earlier, than formed into a bear flag....Currently, heading south in December....I think if ECB cut interest rate like 0.10 basis point or 0.20 basis points....It's possible to see 500pip -1000pip drop down to 0.9600 level.....As Fed Reserve bank of U.S.A also plans to hike interest rate......So, either way it is going to go lower in December in my view. So, my sentiment is bearish .....And expect price to close aro…
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EUR/USD

Monthly Chart:
Well i hope you guys have had a wonderful trading start for the month of October. We earlier had better than expected U.S economic data of Non Farm Employment change that was actual around 248k. So, We saw a rapid drop in the EUR/USD from 1.2610-1.2510 technically.
We can see that in the monthly chart the price or value of 1Euro against USD is going down. As earlier ECB had also announced to cut interest rate to 0.05% to make borrowing cost lower, to help other European countries …
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aslamhammad avatar

As the maximum interest rate can go down to 0%, and Central Banks can't usually push below that 0% target :p...

aslamhammad avatar

It's what they call Quantitative Easing ;)

peachynicnic avatar

Good luck with your trade

Jignesh avatar
Jignesh 18 Oct.

good analysis aslamhammad, wish you the best in the contest

aslamhammad avatar

thanks Jignesh :)

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EUR/USD

Daily Chart:

Well in the Daily Chart it seems EUR/USD exchange is under selling pressure at the moment, as we're currently trading below the cloud, and MACD also indicating a sell signal at the moment. Currently Capped around 1.3203 as there was a fractal near that area and our monthly moving average is also around 1.3203.
Weekly Chart:
In the weekly chart we can see that the current price is heading down, as the ADX directional index indicator is also indicating sell signal in the weekly chart…
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Nti_ avatar
Nti_ 2 Sep.

Great!

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EUR/USD

Daily Chart:
Well in the daily chart we can see that the Euro is exchanging lower against the USD at the moment. We can see a channel down trend in this exchange. The current price is oversold around 1.3506 , which means that once the price breaks below this area, we can expect price to move towards 1.3450 . In the long run i see EUR/USD goto 1.3300 by 1st of September 2014 .
Weekly Chart:

Well in the weekly chart of EUR/USD we can see that the overall trend has gone down from a main supply…
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aslamhammad avatar

Well the Euro has gone below my expected price of 1.3300. I was expecting the EUR/USD to trade around 1.3130 according to my October Forecast. However on this Friday 29th of August,  it seems the price has closed around 1.3132.

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EUR/USD

Daily Chart:
Well EUR/USD did come down after USD Non farm rolls like 60pips this past Friday....after which it rapidly spiked back to the upside, if you noticed the candle with a long tail . If you look at the average true range the actual volatility is still low....And Stoch still indicating that the trend can rise....So, i think EUR/USD is going to be exchanging around 1.3957 by 1st of July.
Weekly Chart:
Well in the weekly chart RSI and STOCH indicator and signalling an uptrend, and we can…
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EUR/USD

Well euro zone is beginning to gain bull strength again, and i think it could probably reach 1.3900$ for 1€ by 2nd January 2014.
Check out pivot points:
Weekly Chart:
Upper Bollinger band is around 1.3770 which once crossed above would lead to higher resistance near 1.3850

Monthly Chart:
Well according to the Ichimoku Cloud we have a monthly breakout point near 1.3975 from where the trend could go to a higher resistance near 1.4000$ for 1€
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aslamhammad avatar

well this pair reached upto 1.3810 a yearly high and now retracing according to the weekly chart and in my view the new expected rate is around 1.3630 by 2nd January 2014 :)

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EUR/USD

Well in my view EUR/USD is bullish in the long run....So it will hit around 1.3700 according to my analysis...
Weekly Chart:
Monthly Chart:
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Maria_r avatar
Maria_r 18 Oct.

interesting

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geula4x 27 Oct.

+1 Liked: 1.3711 was indeed resistance, perior to NFP release :-) Happy trading this week :-)

jezz avatar
jezz 27 Oct.

I was going for a start to come back towards 1.36 and lower

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EUR/USD

Well i think that the eur/usd will go upto 1.3560 by 1st of November. As there are Long bulls who are pushing the price up in the weekly chart and monthly chart.Weekly Chart:Monthly Chart:
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