Tag Archives: fx

30Nov: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.1853 EurUsd is unchanged on Thursday after having bounced off rising-trend support, and a similar session looks possible today although a big day of data may produce plenty of volatility. OPEC, EU CPI, US Personal Consumption/Expenditure in focus. 1 hour/4 hour indicators: Mixed Daily Indicators: Up – Possible topping formation. Weekly Indicators:  Neutral Preferred Strategy:  Another… Read More »

29 Nov: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.1844 EurUsd has drifted lower, accelerating late in the day as it came under pressure from the move in EurGbp on the back of the Brexit headlines. Currently sitting towards the 1.1825 session low, the short term momentum indicators hint at further losses to come, although the dailies still look constructive. If we do head lower,… Read More »

28 Nov: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.1898 EurUsd has sharply reversed from the 1.1960 session highs, currently sitting near the low of 1.1895, and from the look of the short term momentum indicators it maybe that we are headed for a further test of the downside. The daily techs are also warning the Euro longs, with an inverted hammer formation hinting at… Read More »