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EURUSD almost there
In spite of all the rhetoric talk we heard last week from Draghi, this euro rally has got to be seriously bothering the ECB. I am not sure about this but are we on the brink of a massive currency war right here?
We have been in one but this one isn't that obvious.
Ps. A way to strong EURO is very bad for the economy as it will eventually make Europe way less attractive to import goods from (trade with).
We have been in one but this one isn't that obvious.
Ps. A way to strong EURO is very bad for the economy as it will eventually make Europe way less attractive to import goods from (trade with).
EURUSD getting a bid?
Price came down towards a major area of support from 1.3312 to 1.3301 (50% retracement, and the 76,4% retracement). A possible bounce was likely to occur from this level. And it did, today the EURUSD moved sharply higher during the European and American session. Currently the price is moving down a little but this could well be because of profit taking daytraders.
The next big level of resistance is at 1.3460 ( This is also the Fibonacci retracement, and last previous high). The next big level o…
The next big level of resistance is at 1.3460 ( This is also the Fibonacci retracement, and last previous high). The next big level o…
Tax cut bill
Today, the tax cut bill has past.
Please be cautious at the sunday night open.
This is going to have a big impact on indices and the forex markets.
How is this going to shape markets in 2018?
1 Thing is for sure: volatility is back! Now that the some uncertainty has been taken out of the markets and we can go for a certain direction.
~~MyHedge~~
Please be cautious at the sunday night open.
This is going to have a big impact on indices and the forex markets.
How is this going to shape markets in 2018?
1 Thing is for sure: volatility is back! Now that the some uncertainty has been taken out of the markets and we can go for a certain direction.
~~MyHedge~~
EURUSD
EURUSD, earlier today we went down into the blue box. Not surprising as this was a strong support zone, note the multiple bounces from it. We now have a new box, the red one.
EURJPY
EUR/JPY had a small rejection from the 50% FIB level yesterday evening. Today it continued to the downside. At this moment the 50% FIB appears the to give some resistance. This is no trade advice, just my analysis.
Have a great trading week all!
Have a great trading week all!
Watching the EURAUD
I am currently watching the EURAUD. It has been slightly rejected by the 261.8 Fibonacci extension. Potential for a little pullback before continuing again.
~~MyHedge~~
~~MyHedge~~
EURUSD trend lines
Hello Traders and other Dukasmembers,
Here you will find a 1 HOUR chart of EURUSD with multiple trendlines. At the moment the price action acts as if it will go down in the short term.
No advice, just my opinion. Trade with caution as there is a lot of uncertainty due to political problems in the EU.
Here you will find a 1 HOUR chart of EURUSD with multiple trendlines. At the moment the price action acts as if it will go down in the short term.
No advice, just my opinion. Trade with caution as there is a lot of uncertainty due to political problems in the EU.
USD/JPY entering support zone
Price found some good support on the 0.618 Fibonacci level (of the previous big uptrend) and near the 200 day moving average. Please keep in mind the big red line, this marks a very strong level which acted as support for some big moves in the past.
I have written an article about how I find the best trades and how it helped me to stop overtrading, this led to more profitable trades. You can find the article here, please have a look! I am sure it will help and benefit you!
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