P3tr4's Blog

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EURusd to reach 1.0

I expect the euro to continue to suffer losses.
Indicators used:
Stochastics (default setting)
Bollinger bands (default setting)
Daily chart shows strong rejection from 1.13, with the bollinger bands tightening. Even though the stochastic indicator is attempting a cross up, there is too much presure for more downside.
Weekly chart also looking bearish, price needs to breach lower bollinger band on daily chart to confirm analysis.
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marius24 avatar
marius24 27 Fev

this target is not realistic at all. In order to see 1.0 touched by 1 April we must have a huge event in order to trigger such a huge movement like a Grexit or CPI in USA to rise above 2,5 %. I think you wanted to put 1.10 instead of 1.0

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USDNOK going higher

The trend is clearly up on the usdnok.
I am counting on the dollar power to continue, its effect will be felt very well on this pair. My target is 6.9505.
on the monthly chart we can see the main resistance level, i expect the climb to stop there and drop a bit.
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