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Holiday trading until Tuesday

al_dcdemo Posted 25 Mar.  in #Trader's blog #EUR/USD #Sharp Move #Holiday Trading #Low Liquidity #D1 Chart
Good Friday and Easter Monday holidays will make this weekend four days long instead of usual two days. Even though U.S. resumes trading on Monday, full participation is not expected until Tuesday.
We've already been witnessing low liquidity and volatility. Both shall remain on low levels during this period, though there's always a possibility of a sharp move in such conditions.
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EUR/NOK important 8.55 mark insight again

rokasltu Posted 21 June as Analysis on EUR/NOK, Target: 8.3125, Date: 1st of August, 12:00 GMT  in #Technical analysis #EUR/NOK #8 55 Mark #Sharp Move
After NOK interest rate decision despite it was not changed NOK weakened a lot in the light of possible rate cut in nearest future. After this sharp move EUR/NOK reached around 8.35 highs and thus important 8.55 mark is in sight again. Mentioned rate development could be seen in weekly EUR/NOK chart.
As NOK weakening is in progress it is likely that rate will come even closer to 8.55 mark but it is unlikely it break it in nearest future as ECB steps for combat with prolonged period of low inflat…
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rokasltu 4 July

4 week till contest end - 8.55 mark was under assault after sharp interest rates decrease by bank of Sweden as such decrease strengthened possibility that bank of Norway will act in similar manner. But 8.55 mark was not taken and rate retreated quickly and now is around 8.42. Despite upside seems more likely retreat to predicted levels also is still possible.

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rokasltu 10 July

3 weeks till contest end - rate now is at 8.39 steady at similar levels for few days. During coming weeks I think it will fluctuate with downward pressure.

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rokasltu 17 July

2 weeks till contest end - EUR/NOK after failing to break important 8.55 mark seems to be in downside direction again. Now it is at around 8.38 and predicted levesl are insight.

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rokasltu 25 July

1 week till contest end - rate now at around 8.3550 so downside continues. Predicted rate - 8.3125 seems quite reachable at the moment.

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rokasltu 30 July

1 day till contest end - rate is around 8.37 still far away from predicted level. But NFP and CPI are looming thus everything could happen.

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EUR/GBP in process of direction determination

rokasltu Posted 26 Sep. as Analysis on EUR/GBP, Target: 0.8469, Date: 1st of November, 12:00 GMT  in #Technical analysis #EUR/GBP #Sharp Move #Eclipse
If we look at EUR/GBP weekly chart it could be noticed that from start of 2010 some sharp movements were proceeded by small fluctuations inside narrow ranges. Presently it seems that pair is in some eclipse again and will reside inside it before sharp move up or down.
If we look at EUR/GBP daily chart we could more precisely forecast EUR/GBP rate. As small fluctuations are expected during October it is predicted that EUR/GBP rate will be at 0.8469 by 1st of November.
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rokasltu 30 Oct.

48 hours till contest end - rate is around 0.8569 - 100 pips above predicted value. I think this evening will be decisive if rate moves in either direction or will stay at similar levels during coming days.

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rokasltu 2 Nov.

contest end - predicted rate - 0.84690, rate at 12:00 GMT - 0.84699, accuracy 0.9 pips or 0.01%. (rate started to return to eclipse at in my opinion decisive evening and stayed nearly at predicted level)

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jezz 25 Nov.

congrats

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kudryaviy 27 Nov.

Really nice article.

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Armands 29 Nov.

130 pips off at the moment, not too bad. +

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