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EURUSD Pullback - Looking to sell

Jignesh Posted 8 Sep.  in #Trader's blog #Ecb #Eurusd #Draghi
Last week's press conference from Draghi and the ECB instilled some bearish pressure on the Euro. This week, so far we have seen several of the Euro crosses pull back. In focus is the EURUSD. The pair still has further downside potential while below the pre-ECB highs of 1.1330.
So far we have already tested the 50% Fib and pulled back a bit. Can't rule out another leg lower, but short side is favored in these levels.
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Joe_Vulcan 29 Oct.

Still selling as of reading...

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ECB Press Conference Follow up

Jignesh Posted 4 Sep.  in #Trader's blog #EUR #Ecb #Euro #Press Conference #Draghi
Yesterday I wrote a blog post on what to expect on the ECB press conference. The original post can be viewed at the link below
What can move the EURO during the ECB Press Conference
Here is a follow up on the Key points on what actually happened
[list][/list]…
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What can move the EURO during the ECB Press Conference

Jignesh Posted 3 Sep.  in #Trader's blog #Ecb #Press Conference #Draghi
Today the ECB will have a press conference following the min bid rate. Here are the key talking points in my view -
[list=1][/list]…
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ECB Draghi - More QE?!?

Jignesh Updated 2 Sep.  in #Trader's blog #EUR #Ecb #Eurusd #Draghi
CNBC Released an article today suggesting we may see more QE from the ECB. Here are the highlights
  • New wave of EUR strength undermines ECB efforts to boost inflation
  • ECB meeting on Thursday - Expecting Draghi to comment about future support from the Central Bank
  • Increased demand for Euro's on the back of China economic concerns and US Rate hike expectations (or lack of)

Full article can be found at link below:
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Fading EURO Weakness through the Yen

Jignesh Posted 6 Nov.  in #Trader's blog #Ecb #Eurjpy
The most anticipated event of the week, The ECB Press Conference, has completely with a bearish impact. The outcome was mostly expected in the market as retail traders and bankers alike were positioned on the short side.
There are however some currencies at the moment, which I believe to be weaker then the Euro. The scandies for one (NOK & SEK) but also the JPY which has been in focus as of late.
I have decided to take a long position to try and take advantage of the price differential caused by…
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EURAUD Back up against Daily 200SMA ahead of ECB

Jignesh Posted 5 Nov.  in #Trader's blog #Ecb #Fibonacci #Euraud #Moving Average
The EURAUD had a nice move to the downside after rejection of the 200SMA in the second week of October. This week we've seen a quick ramp up to close the day off once again the Moving Average.
The Daily EURAUD Chart above shows the upside resistance at the daily 200MA as well as the 76.4% Fib retracement of the last leg down. This area should offer some major resistance ahead of the ECB. This can be a very important inflection point for swing traders, as a hold here signals a big move to the dow…
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2 Comments
Bimlesh avatar
Bimlesh 6 Nov.

As usual, you are excellent at putting up the things, blending both technical and news...

Jignesh avatar
Jignesh 6 Nov.

Thank you my friend :)

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EURSEK Expected lower after breaking through Daily Trendline

Jignesh Posted 30 Sep. as Analysis on EUR/SEK, Target: 8.9286, Date: 3rd of November, 12:00 GMT  in #Technical analysis #Ecb #Trendline #EUR/SEK #Eursek #Monthly Resistance #Pull Back

Overview
The EURSEK is in a clear uptrend on the daily chart.
On the daily chart, the pair has just broken through it's long term trendline.
The ECB has been implementing monetary policy that is bearish for the EUR, although the effects have not been harsh on this pair as it has been on others, we may see the effects clearer this month as the pair struggles at Monthly resistance
Levels
9.1830 - Daily Spike high Sept 30 (Trendline break Candle / Invalidation)
9.0730 - Daily 200 Moving Average
…
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Jignesh 2 Oct.

Thank you Stix, to you as well

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Jignesh 6 Oct.

The pair has mostly been consolidating sideways last week after a statement from the ECB that was not as hawkish as the market anticipated.  Will be monitoring the price here to see which way it breaks from consolidation.

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Jignesh 9 Oct.

After faking to the downside, the pair has been bid up to retest the daily trendline.  So far the candlestick on the 4 hour chart confirm a reversal. 

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Jignesh 13 Oct.

The daily chart has posted a bearish engulfing candle against the trendline.  Expecting a minor retracement before the downtrend starts gaining momentum.  9.1634 is the key resistance level for pressure to remain to the downside.

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Jignesh 16 Oct.

SEK has been bearish on speculation of a further rate cut after a lower than expected inflation number drove the pair higher in a swift move to retake the trendline.  From a fundamental position, the pair does not have a bearish outlook.  As well the technical setup is considered invalid at this point as the price holds above the trendline

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Central Banks looking to cause some moves this week

Jignesh Posted 17 Aug.  in #Trader's blog #AUD #USD #Ecb #Eurusd #Central Banks #Rba #Dxy #Fed
This coming week we will have some speeches from several of the central banks.
Early in the week RBA Gov Stevens is up, and later we have the Fed's Yellen and ECB Draghi to finish off the week.
The overall expectation for the week does not call for much, but I will be looking for any type of surprise announcement that can shake out the market.
From the RBA - I have blogged about this before. We may see a shift in monetary policy, it all depends on which area they decide to focus on. In the last …
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Bimlesh 18 Aug.

Frankly speaking, I understand nothing about fundamentals, actually haven't even tried to know what they mean.. and I never cared to know in detail about the ECB or the central bank or RBA... or how has inflation or interest rate effected.........................just I understand the end result, whether it is going to have movement or not and would be best if I understand which side...  :)

Jignesh avatar
Jignesh 18 Aug.

I lean more to technicals myself as well.  But I think it is worthwhile reading what the central banks have to say, it often gives good clues for the direction, and then use technicals for the trades.

Bimlesh avatar
Bimlesh 18 Aug.

its worthwhile but Its very difficult for me to understand.. have tried few times trying to understand the fundamentals....

Jignesh avatar
Jignesh 18 Aug.

I'll try to write a blog post this week to provide some insight on how I use fundamentals personally to trade the markets if that helps

Bimlesh avatar
Bimlesh 18 Aug.

personally I thank you in advance for that.. that would really be of gr8 help

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Webinar Summary: EURUSD Analysis ahead of ECB Draghi's speech

Jignesh  in #Technical analysis #Ecb #Eurusd #Draghi #Fundmental Analysis
If you missed today's webinar titled EURUSD Analysis ahead of ECB Draghi's speech. Here is a brief summary:
Focus on the pair is to look for trades to the long side. Here are the notes
  • Draghi will be looking to stall until further inflation data, lack of a catalyst can dry up selling pressure
  • Further Monetary policy changes are required to break key 1.3500 support
  • Order Flow Book shows orders stacked at 1.3500
…
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