Dukascopy Community - Dukascopy Community

Community
Community

Home

Blog

News

Members

Videos

Contests archive

Mobile apps

Dukascopy Connect 911

Dukascopy Community app for iOS

Dukascopy Community app for Android

Related resources

Webinar TV
Dukascopy Community
Trading Wettbewerb
LIVE CONTESTS

Live Trader Contest

Automated trading

Strategie Wettbewerb
Dukascopy Binary Trader
Miss Dukascopy
Miss Dukascopy

Visit contest's page
Hilfe
Verhaltenscodex

Verhaltenscodex

Have a question?

FAQ

Fragen und Antworten

Privacy Policy

Kontakt

Ein Problem melden
Dukascopy Connect 911

Blog

fxsurprise8's Blog

fxsurprise8's Blog

EUR/SEK Stays in Range All of 2017

fxsurprise8 Posted 30 Sep. as Analysis on EUR/SEK, Target: 9.6228, Date: 1 von November, 12:00 GMT in #Technical analysis #EUR #SEK #Euro #European Union #Sweden #EUR/SEK #Range Trading #Mean Reversion #Swedish Krona

The EUR/SEK is having another ranging year. The pair opened 2017 around the 9.57 handle is now quoted at 9.61, a percentage change of less then half of 1%.
But going back in time doesn't change the picture (see below). Here too we're seeing this currency pair locked in a range most of the time too. In fact except for a brief excursion above the 10 round figure during the US election last year, the EUR/SEK stayed remarkably flat.
The larger range spanned from 9.11 to 9.80, or around 7 percent. Th…

Die komplette Geschichte lesen

Übersetzen in Englische Sprache Zeige Original

More of the Same in EUR/PLN

fxsurprise8 Posted 30 Sep. as Analysis on EUR/PLN, Target: 4.3111, Date: 1 von November, 12:00 GMT in #Technical analysis #EUR #PLN #Support #Resistance #European Union #Poland #Range #EUR/PLN #Multi Year

The five-and-half years range in the EUR/PLN is still in play. Since the start of 2011 this pair has moved without a clear direction. We opened 2012 at 4.4464 and we're currently quoted at 4.3057. This is around 2.6 percent, a very negligible amount for several years of trading.
Dropping down to the 4 Hour chart shows a similar situation. First we fell to a low of 4.15 only to get back all losses in the next few weeks and months. We're now trading at similar prices as back in March, around 4.30.…

Die komplette Geschichte lesen

Übersetzen in Englische Sprache Zeige Original

Range-bound Moves Persist in EUR/SEK

fxsurprise8 Posted 31 Aug. as Analysis on EUR/SEK, Target: 9.4538, Date: 2 von October, 12:00 GMT in #Technical analysis #EUR #SEK #Euro #European Union #Sweden #EUR/SEK #Mean Reversion #Range Box #Swedish Krona

The smaller range-bound moves persist in the EUR/SEK. The pair opened March around the 9.55 handle and is currently trading at 9.4533, a percentage change of just over 1 percent. The chart also demonstrate a classic V-shaped reversal pattern.
Our second chart below also shows this V-shaped pattern but on much bigger timescale, the weekly chart. Here too we're seeing the EUR/SEK range-bound behavior.
This currency pair keeps being brought back to the 9.50 area, no matter how much it tries to stra…

Die komplette Geschichte lesen

Übersetzen in Englische Sprache Zeige Original

EUR/TRY Still Can't Break Past Resistance

fxsurprise8 Posted 31 Aug. as Analysis on EUR/TRY, Target: 4.1110, Date: 2 von October, 12:00 GMT in #Technical analysis #EUR #Resistance #Eurozone #Weekly #Turkey #EUR/TRY #Try #Range Bound #Turkish Lira

The EUR/TRY still can't break the important resistance around 4.17 - 4.18 Euros. As we can see on the chart below, the pair tried hard to break free only to be pushed back down below this level.
But I'm not ready to bet on EUR/TRY losses just yet. On the lower time-frames (below) we're seeing the struggle as well. All summer the pair has stayed ranged-bound. I see no reason for this to change now, so betting on more of the same and prices staying near here seems like a prudent choice.

Die komplette Geschichte lesen

Übersetzen in Englische Sprache Zeige Original

EUR/PLN Remains in Multi-Year Range

fxsurprise8 Posted 31 Aug. as Analysis on EUR/PLN, Target: 4.2454, Date: 2 von October, 12:00 GMT in #Technical analysis #EUR #PLN #Support #Resistance #European Union #Poland #EUR/PLN #Range Box #Multi Year

The near six years long range in the EUR/PLN is still in force. Since the start of 2011 this pair has moved without a clear trend or direction. We opened 2012 at 4.4464 and we're currently quoted at 4.2453. This is around 4 percent, a very small amount for several years of trading.
The vast majority of the past 6 years the pair has spent between 3.06 and 4.5800. Like we said above, it's currently trading at 4.2453, in the middle of the range still.
On our final chart above we are seeing that the…

Die komplette Geschichte lesen

Übersetzen in Englische Sprache Zeige Original

More of the Same for the Turkish Lira

fxsurprise8 Posted 31 July as Analysis on EUR/TRY, Target: 4.1622, Date: 1 von September, 12:00 GMT in #Technical analysis #EUR #4H Chart #Euro #EUR/TRY #Try #Range Bound #Weekly Chart #Range Box #Turkish Lira

I expect to see more of the same in the EUR/TRY. The pair has been trading range-bound on the lower timeframe 4 hour chart, as the picture below clearly shows. There were several attempts to break above the 4.16 - 4.17 resistance area, with no success.
On the bigger weekly chart (below) we're seeing the same price behavior. Here too price is bouncing against important resistance and again it is the 4.17 level, same as on the 4h chart.
Because of this timeframes confluence I don't think the pair …

Die komplette Geschichte lesen

Übersetzen in Englische Sprache Zeige Original

EUR/TRY Stuck in a Large Triangle

fxsurprise8 Posted 31 May as Analysis on EUR/TRY, Target: 3.9712, Date: 3 von July, 12:00 GMT in #Technical analysis #EUR #Euro #EUR/TRY #Triangle Pattern #Try #Range Bound #Range Box #Turkish Lira #Single Currency

The EUR/TRY has been stuck in large triangle all year. Notice how prices keep trading in a smaller and smaller range on the weekly chart below. While this will eventually result in a breakout, I think this wont happen during June as there is still room to maneuver inside the triangle.
On our next chart below we're seeing that mean-reversion has been the name of the game for 2017 in this currency pair. Every dip was bought and every rally was sold into. Prices now are not much different from pric…

Die komplette Geschichte lesen

Übersetzen in Englische Sprache Zeige Original

Gains in EUR/GBP Likely Over

fxsurprise8 Posted 31 May as Analysis on EUR/GBP, Target: 0.8731, Date: 3 von July, 12:00 GMT in #Technical analysis #GBP #EUR #EUR/GBP #Overbought Status #Stochastic Indicator #Swing Low #Range Bound #Swing High #Mean Reversion

The EUR/GBP is approaching overbought levels. After the latest 400 pips rally on the daily chart below we peaked at 80 on the Stoch and we're now dropping down. The gains likely coming to an end here.
On our second chart below we're seeing that this currency pair has been range-bound for almost one year, since September of 2016. Notice the swings up and down, every rally is being sold into while every drip is being bought. Furthermore here too we're seeing the Stochastic Oscillator above 80, sig…

Die komplette Geschichte lesen

Übersetzen in Englische Sprache Zeige Original

EURo Nearing Cluster of Previous Resistance Levels

fxsurprise8 Posted 31 May as Analysis on EUR/USD, Target: 1.1242, Date: 3 von July, 12:00 GMT in #Technical analysis #EUR #USD #Europe #EUR/USD #Overbought #Resistances #Resistance Zone #Stochastic Indicator #Stochastic

The Euro is slowly becoming overbought. Look at the weekly chart below. We are already trading past the 80 level on the Stochastic Oscillator, a level which signifies an overbought market condition. But that on it's own shouldn't be traded upon.
Exhibit number two is the second picture below. We are nearing a cluster of previous resistance levels, starting from this month's high at 1.1268 to the 1.1302 spike on Trump election day. Higher up more levels can be found at 1.1370, 1.1428 and of cours…

Die komplette Geschichte lesen

Übersetzen in Englische Sprache Zeige Original

Both Timeframes Agree in EUR/TRY

fxsurprise8 Posted 30 Apr. as Analysis on EUR/TRY, Target: 3.8754, Date: 1 von June, 12:00 GMT in #Technical analysis #EUR #Euro #EUR/TRY #Try #Range Bound #Range Box #Range Top #Turkish Lira #Single Currency

The EUR/TRY opened the month of April at 3.8684. From here prices rallied to a high of 3.9909, only to fall to a low of 3.8472 by the middle of the month.
The month-end brought more volatility with prices trading as high as 3.9556 before falling back down. We are currently quoted at 3.8753, very close to the April open.
This underscore just how range-bound the EUR/TRY has become lately. But this is not a new phenomenon. See the chart above and you can notice the same zig-zag price action on the…

Die komplette Geschichte lesen

Übersetzen in Englische Sprache Zeige Original