Tag Archives: EUR

Triangle On EURJPY Points Lower

Grega Horvat

EURJPY is showing us a complex, overlapping and slow correction, which we see it as a Elliott wave triangle pattern. We see current triangle trading in final stages, with leg E searching for resistance. Resistance can be seen near the Fibonacci ratio of 61.8, from where a new drop lower can come in play. Later a new drop towards red wave C) can follow. more…

EUR/USD Downward 4 Hour Channel is Broken

Nenad Kerkez

The EUR/USD is trying to break the downward PPR channel and at the same time push above the AP channel. I am favoring a bullish bias as long as 1.1692 holds as I previously analysed in the EUR/USD analysis. If bullish scenario persists 1.1822 is the target followed by 1.1873 and 1.1916. Of course, for that to happen bullish momentum needs to be strong. 4h close above each important level is needed for the price to stair-step to next level (1.1822-1.1873-1.1916) The bullish bias is accompanied by a bullish divergence within the POC zone 1.1750-80. Have in mind this is a completely counter trend outlook. more…

EUR/USD’S Six Month Bull Run May End But Trend May Not

Fawad Razaqzada

After rising for six straight months, the EUR/USD looks set to end September lower, barring an unexpectedly sharp rally at the end of this week. Part of the reason for its sluggish performance can be explained away by a rebounding US dollar, which has recently found support on renewed hawkishness from the Federal Reserve. From the Eurozone, political uncertainty and disappointment that the European Central Bank has so far more…

EUR/USD Two Breakout Points Outside The Equidistant Channel

Nenad Kerkez

The EUR/USD has perfectly rejected from both POCs after the setup and analysis shown on Weekly Recap and at this time it is very clear that the equidistant channel is trapping the price keeping the range bound market still in play. After a fake-out that happened yesterday 1.1720-1.1690 (which was still good to trade as a breakout trade, and what I showed during the Live Trading webinar) we can see two POC zones within the equidistant channel that might push or tank the price. If the price spikes above 1.1778 (EMA89, D H3, channel high) the target is 1.1798 and 1.1825. Above 1.1832 we should see a continuation towards more…

EURUSD Daily And 4 Hour Outlook

Grega Horvat

On the daily chart of EURUSD we can see a nice rising price activity since start of 2017, which can be labeled as a higher degree wave C) in the making. We know that wave C) is an impulse, which means it must consists out of five sub-waves. Well, here we already see three, which means once the upcoming wave 4 correction unfolds, a new push higher into final wave 5 of C) may start to develop. We also see Fibonacci ratio of 261.8 being touched, which can act as resistance for wave 3 and push prices lower into wave 4. more…

Elliott Wave Analysis: EURUSD And NZDUSD

Grega Horvat

Good day traders! Today we’re gonna take a look at some intraday charts. The first one is EURUSD. The EURUSD is trading nicely higher today, probably in final stages of a higher degree bullish impulse. Ideally current rally since 28th of July is the final push of a black wave v of v), that will search for limited upside near the middle or upper channel line. From the mentioned region a new change in trend can come in play. more…

Powerful Reversal Pattern On EURJPY Points Lower

Grega Horvat

EURJPY can be trading in final stages of a higher degree impulse, which means a three wave reversal lower can be in view. Current rally can be final wave 5) in the making, that is more and more looking like an ending diagonal pattern. An ending diagonal pattern is a powerful reversal pattern, that can after its completion push prices in the opposite direction. Hopefully, current Fibonacci ratio of 261.8 will act as a resistance and also push prices lower. more…

Macron’S Triumph Removes Eurozone Political Risk

Daud Bhatti

Emmanuel Macron won the presidential election last Sunday, defeating Marine Le Pen, a far-right nationalist who wanted to take France out of the European Union. Markets had feared that Le Pen’s win could threaten the EU project, but Macron’s win has eliminated uncertainty regarding France’s membership of the Euro and removed the risk of near-term severe political shock to France and wider Europe. The Euro went above $1.10 briefly, but since then has pulled back. The upwards move was not dramatic than the first round of French elections as many traders have anticipated Macron’s victory and thus victory was already well priced in. more…