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EUR/SEK Sticks Within Its Range

The EUR/SEK is still within its long-term range (See chart below). Aside from a brief excursion during the Trump election, the rest of the time the pair is all contained.
On the lower time-frames we see a similar picture. Look at the 4 Hour chart below and all those zig-zags. Prices has been moving aimlessly this month, struggling to find direction.
With both charts saying more of the same (range) I'm inclined to bet on prices staying near the current market price of 9.6445.
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More of the Same in EUR/GBP

The EUR/GBP seems destined to continue in the path of mean reversion. Look at the daily chart below. After an initial bump to 0.9300 in October during the post-US-election chaos, prices fell back to the 0.8500 range. This is where we've been trading since around August of 2016.
On the second chart below we're seeing a similar picture on a lower timeframe. Here it's the 4 Hour chart that shows how during the last month (March) this currency pair exhibited a similar pattern. First we rallied stron…
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The EUR/GBP opened April at 0.8496, 10 pips above my forecasted price. During the month the pair traded to a high of 0.8590. From here we fell to a low of 0.8312, only to rally back higher. (see chart above).

The 278 odd pips of range is not a lot for one month of trading in a major currency pair. This underscores that apart from the direction, the volatility has been absent as well.

We are currently quoted at 0.8426, about 60 pips away from my target. Hopefully with some end of month luck I can get closer to my forecasted price of 0.8486.

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Gains in EUR/TRY Fizzle Out

The gains in the EUR/TRY during January are being eaten away in February. We're now quoted at 3.8541, barely above this year's open for this currency pair. This shows that the bull trend has been broken.
Exhibit number two is the lower time-frame chart below. Here we see that prices are indecisive , with large swings. While in the pic above we had gains erased by downtrend, here we see losses erased by uptrend.
In conclusion, this year neither the bulls nor the bears can steer this currency pair…
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UPDATE 1: The EUR/TRY is trading at 3.9248 right now, around 1.8 percent away from my forecasted price.

Initially the pair acted according to my expectations. From March 1st to March 17th we've been trading mostly range-bound, although with a slight bullish bias. Since then however the pair started moving back up as the Euro is being bought up across the board on risk aversion.

Still looking at the daily chart, you couldn't tell this is a trend. We're well within the bound of last month's trading range for example.And February was within the bound of January's trading range. Ranges prevail!

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UPDATE 2: We're now quoted at 3.8996 in this pair and slowly drifting toward my forecasted price of 3.8531. The past three days saw some mixed price action, as you can expect in this pair.

First the EUR/TRY rallied to a high of 3.9644, only to get sold to low of 3.8825 in the next two days. We are currently trading at 3.8996 like we said above, closer to the lows then the highs.

Seems that my previous update called it right. While prices were moving up, it didn't look like much of a trend to me. And now we're seeing the pair reverse those tentative gains.

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UPDATE 3: The EUR/TRY continues the slow drift toward my 3.8531 target. We're now trading at 3.8705, only 0.45% away from my forecasted price.

More of the same seems likely here as the momentum is still down. We should see the pair continue to drift lower and hopefully settle at a better price for me on Monday.

Overall mean-reversion was king in the EUR/TRY this month as well. We opened at 3.8544, then rallied to a high of 4.0148 only to sell off to 3.8668 today. Volatile swings with no decisive outcome.

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UPDATE 4: This for another update and this time we will add a chart. This picture shows the price action for EUR/TRY during March.

Overall mean-reversion was king in the EUR/TRY this month as well. We opened at 3.8544, then rallied to a high of 4.0148 only to sell off to 3.8668 today.

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UPDATE 5: The EUR/TRY opened the new week at 3.8683, a bit closer to my forecasted price at 3.8531.

Unfortunately in the next few hours of the Asian session the move lower fizzled out and we're currently quoted at 3.8733.

This is little changed compared to the close on Friday, so we'll have to wait and see what happens on Monday in the last few hours of the contest!

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Singapore Dollar Back to Long-Term Fair Value

After some volatility, especially right after last year's election of Donald Trump, the USD/SGD seems to be coming back to its long-term fair value. On our first chart below we can see that the pair is now trading near the 1.4000 round figure.
This is the same price as back in August of 2015. So 18 months later and the pair hasn't made any gains. We can safely say that the bullish trend is in remission.
On our final chart below we see that even on the lower time-frames the USD/SGD remains undeci…
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UPDATE 1: The Singapore Dollar is trading at 1.3937 right now, exactly 100 pips away from my forecasted price. The picture on the daily charts shows a range-bound March for this currency pair.

We opened the month at 1.4026, the high (so far) stands at 1.4218 while the low was set at 1.3906. We're now entering a cluster of previous levels that may act to slow down the losses and hopefully cause a spurt up in the USD/SGD.

These levels include 1.3962, last October's swing high, followed by the 1.3840 swing high (resistance turns to support) and the 1.3725 swing low set back in 2015.

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UPDATE 2: This for update numero dos! The USD/SGD continues to trade range-bound. We are now quoted at 1.3944, only 7 pips above the price noted in my previous update.

We had some volatility during the last two days for sure, as a high of 1.3985 was hit as well as a low of 1.3914 but ultimately the pair settled back down.

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UPDATE 3: Some position improvement today. The pair jumped to 1.3989 right now, bringing me somewhat closer to my target.

The USD/SGD is on an upswing the past few days. But overall the mean-reverting nature of this pair continues unabated.

The pair opened March at 1.4026, rallied to a high of 1.4217 before falling back to a low of 1.3906. I'm sure you can notice the directionless zig-zag pattern here.

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UPDATE 4: Mean reversion is still the name of the game in the USD/SGD. This can be clearly seen in the 4 hour chart above that shows the price action during March.

The pair opened the month at 1.4026, rallied to a high of 1.4217 before falling back to a low of 1.3906. We closed on Friday at 1.3971.

This is only 66 pips away from my forecasted price. With a bit of luck and range-bound markets I could get a place in the top 10!

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UPDATE 5: Not very exciting start of the week for the USD/SGD. First we opened at 1.3973, moved up to 1.3982, only to fall back down to 1.3965.

We are currently quoted at 1.3971, only 2 pips below the weekly open. Nothing decisive as of yet this Sunday, we'll have to wait and see what the trading on Monday brings.

While the current price is fairly close to my forecast (<0.50%) this may not be enough for a good prize this month. I will need the USD/SGD to inch higher a bit tomorrow so wish me luck!

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Turlish Lira Still Struggling to Make Headway

The Turkish Lira is still struggling to make headway post US-election day. On that faithful day prices peaked at 3.6915 but ever since, the EUR/TRY has been unable to achieve much. We are currently quoted at 3.7042, barely above that post-election high.
On our second chart below we see that the pair has made very little change during December. We opened that month at 3.6445 and we are now at 3.7042, a move of only 1 percent. This underscores the range-bound nature of this pair during this year.
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Russia and the U.S. Election: What We Know and Don’t Know

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Aussie to Make a Break for 0.8000

It’s been a good year for the Australian Dollar. The pair is up by 200 pips this year. This may not look like much but keep in mind that these gains were made in the context of general Dollar strength. Our first chart bellows shows the tentative but clear uptrend in 2016.
On our next chart we can see the same momentum higher but on a lower timeframe chart. While other pairs continue to suffer after Trump’s election win, the AUD/USD is heading higher. With both the long-term trend and the short-…
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TInna avatar
TInna 1 Dic

good

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Trump won and what will happen?

Like it or not Trump is president. I and many others thought dollar will fall and will push other currencies higher. But it did not happen. Dollar recovered and moving higher. What is do you think will happen to market? What are your thoughts?
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45th US President: Donald Trump

Greetings fellow traders!
It has been a tough night! Trump's effect whipped out several Democratic bastions, such as Michigan and Wisconsin.
This is an astonishing event in the recent history of politics, particularly, in western world’s politics.
Trump's victory puts in check polls, predictions, probabilities and all the information that has been provided by media broadcasters during this process.
Brexit is not anymore an isolated event in world's recent history. Trump's win represents the …
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And so, today we vote!

Today the US elections are underway
Curious fact:
Polls have opened in Dixville Notch in New Hampshire - A small mountain town just south of the Canadian border
  • Clinton: 4
  • Trump: 2
  • Johnson: 1
  • Romney: 1
Population 12. 8 votes cast.
And that's Dixville Notch voting finished.
(There has been early voting underway for weeks, but these are the first election day votes).

source: forexlive.com
Those are the first results, so we are underway
I plan to wait for the Florida votes to come in - if Florida goes …
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TInna avatar
TInna 8 Dic

wow, interesting)

AdamFx42 avatar

Not as interesting as you - girl, ;-)

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