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Forex Analysis – EURUSD Potential Cypher + Potential Bat + Potential 2618

Forex Analysis – EURUSD Potential Cypher + Potential Bat + Potential 2618

Three different opportunities here on the 60min. Potential bullish Cypher, potential bearish Bat, and a possible 2618 chance with the double bottom coming from the “A” and “C” points of the Bat. price action might be too choppy for a few people to consider the Cypher valid, but if it’s still valid in your rules, then here you go.

forex analysis

In Other View Point – EURUSD UPDATE: Fourth Wave Continues

Wave-3-of-(5) has completed as expected out of the symmetrical triangle and found support close to long term lows as we’d expect from the wave count. Now, I expect further sideways movement in this area with a potential break to the downside coming within the next week or so. when that impulse occurs, i want to sell toward the completion of the fifth wave. I’ve outlined a few potential scenarios.

forex analysis

In Another View Point – EUR/USD reversal pattern confirmed in the Channel

The EUR/USD bullish engulfing pattern from the coincidence of horizontal resistance and channel support presents a long entry chance. The target is base of the last swing low.

forex analysis

Forex Signal – EURUSD buy set up

This seems like like a nice buy if it breakout. EURUSD broke structure and i am expecting one more move up.

forex analysis

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Mohammad Riad

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  • EUR/USD Fundamental Analysis: November 30, 2016

    According to the previous forecasts, the EURUSD persist in having a slow growth and it used the 1.0580 as its base. The pair were able to break the 1.0600 region overnight and settled down from the 1.0650 as of the moment. Later this day, the solid resistance seen at 1.0685 will be challenged and the price trend will be the basis for the possible uptrend of the pair.

    The pair is able to rose because of the mild weakening of the USD felt all over, the instability is considered as mild since violent movements are nowhere to be seen among any currency pair. As the end of the month approach, we expect month-end flows to prevail the money flow for today. Despite the positive results of US economic data, GDP and CCI, the dollar continues to soften for the past 24 hours. The fluctuation is caused by the fear of the market regarding President-elect Donald Trump’s unsure policies. Trump is seen posting his opinions using his Twitter account which represents a not so good habit for someone who is the leader of a state.

    We are expecting for Draghi’s remarks for today and we suppose that his speech won’t complicate the market or either trigger volatility. We also look forward to the EUR/USD to execute trades at higher ranges characterized with a bullish sentiment.

  • EUR/USD Technical Analysis: December 12, 2016

    The decision of the ECB to maintain its monetary policy had strengthened the dollar. However, the euro is weakening once again after it made a dipped on its fresh monthly highs and failed to hold its gains. Meanwhile, the EURUSD headed southwards on Friday. During the EU hours, the sellers successfully broke the 1.0600 region then continued to lead the prices through the 1.0550 lower, the pair surpass this level amid the NY session. The price rebounded in the 200-EMA downwards as shown in the 4-hour chart. After the euro and greens had broke both 50 and 100-EMAs, it continued to progress down in the moving averages. While the 100 and 200 EMAs preserved its bearish bias, 50 EMA rendered a neutral stance. Resistance touched the area of 1.0600, support is seen at 1.0550.

    The MACD histogram makes its entry point within the negative zone. Should the indicator kept unmoved in the negative area, the sellers are able to gain further strength. The RSI remains oversold.

    In case the prices settled below the 1.0600 support level, this will cause for a short-term downtrend. The next target of the sellers is 1.0500 and 1.0550.

  • EUR/USD Fundamental Analysis: December 13, 2016

    The pair EUR/USD traded lower this day with a tight range and low volume of trading. The major players are on the sidelines waiting for Fed’s final announcement.

    The final CPI resulted lower than the expected 0.3% from the actual 0.1% reading. This shows the inflations date for wholesalers. The most recent German ZEW survey indicates augmentation with an expectation at 14.2 higher than the prior 13.8. It is predicted to come in at 16.5.

    The market is now focus on Fed’s data with the NFIB Small Business Index forecasted at 96.7 higher than the former 94.9. The prices are anticipated to reach 0.3% compared to last month’s 0.5%. The U.S. Treasury 30-year bond should also be looked out for by traders with interest rates anticipated to be higher than the 2.90% on November 10 as it closed at 3.1748% yesterday.

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