.jpg)
Sabtu, 09 November 2013
Kamis, 07 November 2013
EUR/USD down to 1.3350 on ECB
The single currency is rapidly depreciating against the single currency on Thursday, dragging the EUR/USD to fresh multi-week lows around 1.3350
EUR/USD hurt by ECB
The ECB cut the lending benchmark 25 bp, taking it to a record low at 0.25%, catching investors off guard as most of them were expecting the central bank to stay put. The focus now is on the press conference by President M.Draghi, where more fireworks are expected.
EUR/USD levels to watch
The pair is now losing 1.13% at 1.3369 with the next support at 1.3300 (psychological level). On the upside, the initial hurdle lines up at 1.3548 (high Nov.6) followed by 1.3589 (high Nov.1) and finally 1.3591 (38,2% 1.3833-1.3442).
EUR/USD hurt by ECB
The ECB cut the lending benchmark 25 bp, taking it to a record low at 0.25%, catching investors off guard as most of them were expecting the central bank to stay put. The focus now is on the press conference by President M.Draghi, where more fireworks are expected.
EUR/USD levels to watch
The pair is now losing 1.13% at 1.3369 with the next support at 1.3300 (psychological level). On the upside, the initial hurdle lines up at 1.3548 (high Nov.6) followed by 1.3589 (high Nov.1) and finally 1.3591 (38,2% 1.3833-1.3442).
EUR/USD falls below 1.3300 on US data, Draghi
The EUR/USD took other step lower and extended losses to fresh 2-month low after the latest string of US data and ECB Draghi's speech
EUR/USD extends losses after US data
US data showed US jobless claims came in line with expectations at 336K last week, while the Q3 GDP grew by 2.8% annual pace against 2.0% expected. Also Draghi's dovish words contributed to the EUR/USD bearishness, with the pair breaking below the 100-day SMA at 1.3340 and the 1.3300 psychological level toward a low of 1.3295 so far.
EUR/USD levels to watch
Immediate support is now seen at 1.3253 (Sep 13 low) followed by 1.3215 (200-day SMA). On bounces, EUR/USD could find resistances at 1.3340 (100-day SMA) and 1.3400
EUR/USD extends losses after US data
US data showed US jobless claims came in line with expectations at 336K last week, while the Q3 GDP grew by 2.8% annual pace against 2.0% expected. Also Draghi's dovish words contributed to the EUR/USD bearishness, with the pair breaking below the 100-day SMA at 1.3340 and the 1.3300 psychological level toward a low of 1.3295 so far.
EUR/USD levels to watch
Immediate support is now seen at 1.3253 (Sep 13 low) followed by 1.3215 (200-day SMA). On bounces, EUR/USD could find resistances at 1.3340 (100-day SMA) and 1.3400
Nifty H4 & Daily
Bullish wave progression is so far intact and more upside is anticipated after wave (ii) green corrective cycle is done.
Targets are on the chart.
Please notice that a breakout to the downside below Key Level of 6067 is much more bearish and it might result with GAP zone test before trend will eventually resume.
Support/Resistance:
6487 - WR1
6367 - Wave (i) High
6282 - Weekly Pivot
6232 - Technical Support
6195 - WS1
6067 - 23%Fibo | Key Level |
5993 - WS2
5909 - WS3
Trading Recomendations:
Sell the top test @ 6367 with TIGH STOP LOSS for a potential TP @ 6067.
Take care,
Seb
Crude Oil H4 & Daily
http://blog.mt5.com/elliottfxtrader/2013/11/06/crude-oil-h4-amp-d1/
Thank You,
Seb
Rabu, 06 November 2013
Trading with the ADX/DMI, MACD/DMI, Bollinger Bands and Stochastic
In earlier posts is the ADX/DMI, MACD/DMI, Bollinger Bands and stochastic illustrated.
Purpose of this post
In this post is the purpose to analyzing the EUR/USD with the four indicators. The purpose is to illustrate the thought in using the indicators.
How to analysis with the ADX/DMI, MACD/DMI, Bollinger Bands and Stochastic?
The chart is the EUR/USD and illustrates the price chart in the morning: from 7:15 until 9:15 is the price falling; at 9:15 is the price starting to increase.
Between 9:15 and 9:30 is an indication that the price is starting to move in an upper direction; the lower Bollinger band and the price line are crossing each other and the stochastic is indicating that the EUR/USD is oversold.
Between 10:30 and 10:45 is the upper band crossing the price line and the stochastic is indicating that the EUR/USD is overbought.
ADX/DMI: How strong is the trend?
Between 9:15 and 9:50 is the red line above the green line; it indicates that the trend is negative.
At 9:50 is the green line crossing the red line; it indicates that the trend is positive and the price is increasing.
MACD/DMI: How likely is the trend?
Between 9:15 and 9:50 is the blue line above the green line; it indicates that the trend is unlikely. The histogram confirms the indication.
At 9:50 is the green line crossing the blue line; it indicates that the trend is likely and the price is increasing. The histogram confirms the indication.
When to buy?
The Bollinger bands and the stochastic indicate that the buy signal is between 9:15 and 9:30 as the lower band cross the price line and the stochastic indicates that the EUR/USD is oversold.
The ADX/DMI and MACD/DMI indicates that the buy signal is at 9:50 .
The entry in the market would be at 9:50 as the ADX/DMI and MACD/DMI indicate a likely trend.
At the same time period is the stochastic in an overbought zone; which would have been a signal that the price soon will start to fall. It would have been true if only the Bollinger Bands and the Stochastic was used as indicators.
In this analysis is also the ADX/DMI and MACD/DMI used; they confirm a likely up going trend.
When to sell?
At 10:00 are the upper band and the price line crossing each other; the price is still increasing and the trend is likely.
At 10:40 are the price line and the upper band again crossing each other and the trend is less likely. The stochastic is also indicating that the price is decreasing.
The analysis indicates that the sell signal is at 10:40 .
Please note
Please note that this post is only illustrative and the purpose is to give insight into how to trade with indicators.
Senin, 04 November 2013
CFD Trading: Correlation between Currency Pairs
One of the problems as a trader and as a new trader is to discover how the market works. In previous posts are illustrated some of the common chart patterns and some of the common indicators.
In this post is the mind on the currency pairs. The idea is to illustrate the correlation between the currency pairs. The posts are only illustrative and only the correlation between the currencies will be illustrated.
The idea is to get started as a trader or move forward in the thought as a trader. Please leave a comment about correlation between currency pairs if you want to share some of them.
Social investment network
Just before I write about the currency pairs I will place a link to the social trading platform called eToro Social Investment Network; it is a platform where traders socialize about trading CFD.
At the moment is eToro giving away a 20 dollar coupon which can be used on their trading platform. The coupon is at this link .
EUR/USD and USD/CHF
The EUR/USD and the USD/CHF are often a mirror; the currency pairs move in the opposite direction. Is the EUR/USD bullish is the USD/CHF bearish and vice versa.
It is a rule which means that they can move in the same direction as well.
EUR/USD and EUR/GPB
The EUR/USD and EUR/GBP move most of the trading time in the same direction but could also move in reverse direction.
USD/CHF and USD/JPY
USD/CHF and USD/JYP are also currency pairs that often move in the same direction most of the trading time.
It is a rule which means that they can move in the opposite direction as well.
An example: How to use the information about the correlation between the currency pairs?
Watch the EUR/USD chart pattern; is the pattern bearish or bullish? Is the pattern bearish? Watch the USD/CHF chart or the USD/JPY chart for an entry in the market.
Please note
This post has illustrated some common correlation between currency pairs and is only inspiration to get started as a trader or move forward in the thought as a trader.
The correlation between the currency pairs can be stronger or weaker over time.
SP500 Futures H4
Small Head & Shoulders Patter on this index and quite impulsive sell off from 1772 level might be firse clue for a potential trend reversal. This is the last chance scenario for a ENDING DIAGONAL WAVE 5 to materialize and first clue will be a break out to the downside below the golden trend line.
This kind of price progression that goes ABOVE the ending diagonal line is called OVERTHROW and it is quite common for diagonals. If there is no sell off below the golden trend line, then the probabillity of Ending Diagonal is will be lower and price might make another hight to complete five waves from 1640 low.
Support/Resistance:
1783 - WR2
1771 - Swing High
1766 - WR1
1756 - Weekly Pivot
1750 - Golden Trend Line Support
1740 - WS1
1730 -1726 - WS2 | SUPPLY BREAKTHROUGH ZONE |
Langganan:
Postingan (Atom)
