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Looking at the first EUR/USD daily chart we can see that the currency pair was in an ascending channel formation, and price broke below, then retraced, and broke below again making a lower low. This could indicate the downward trend resuming...
EURUSD outlook remains higher on more strength as it eyes price extension. Support comes in at the 1.1300 where a break will aim at the 1.1250 level. A break below here will target the 1.1200 level. Further down, support lies at the 1.1150. On the upside, resistance resides at 1...
First, a review of last week’s events: - EUR/USD. For almost the entire week, the pair stayed where it had been repeatedly a week, a month, and two or three months ago. Apart from the rare short-term breakthroughs, the pair cannot break out of the medium-term corridor 1.1300-1.1500...
Last week’s main event was the publication of January’s FOMC meeting minutes. Even though the release was anxiously awaited, investors’ reaction was quite muted...
China needs some good news. Judging from incoming data China’s economy has lost significant momentum. The bright side is that US-China trade discussions are making progress...
This is the fifth episode of a blog series on how to use the „Netsrac SR Dashboard" (SRD) to find trading opportunities. The SRD is designed to reduce your time in front of the monitor. It can find many setups for us. All we have to do is trade those setups...
After the Bank of Japan cut its 2019 outlook for core inflation, the rate has improved, with the core gauge at 0.80% (prior: 0.70%) in January. Yet private consumption in the country declined in January, while a February manufacturing PMI of 48...
US-China trade discussions are making progress. Six memoranda of understanding are in draft that cover technology transfer and cyber theft, intellectual property rights, currency, agriculture and non-tariff barriers to trade. Expectations are that a 1 March tariff-hike will be avoided...
Pivot (invalidation): 57.20 Our preference Short positions below 57.20 with targets at 56.60 & 56.10 in extension. Alternative scenario Above 57.20 look for further upside with 57.60 & 58.00 as targets...
Pivot (invalidation): 15.9100 Our preference Short positions below 15.9100 with targets at 15.7600 & 15.6700 in extension. Alternative scenario Above 15.9100 look for further upside with 15.9800 & 16.0400 as targets...
Pivot (invalidation): 1332.00 Our preference Short positions below 1332.00 with targets at 1321.00 & 1314.00 in extension. Alternative scenario Above 1332.00 look for further upside with 1336.00 & 1341.00 as targets...
Pivot (invalidation): 2785.00 Our preference Short positions below 2785.00 with targets at 2763.00 & 2750.00 in extension. Alternative scenario Above 2785.00 look for further upside with 2795.00 & 2810.00 as targets...
Pivot (invalidation): 11310.00 Our preference Long positions above 11310.00 with targets at 11490.00 & 11560.00 in extension. Alternative scenario Below 11310.00 look for further downside with 11238.00 & 11170.00 as targets...
Pivot (invalidation): 5.3410 Our preference Short positions below 5.3410 with targets at 5.3040 & 5.2900 in extension. Alternative scenario Above 5.3410 look for further upside with 5.3630 & 5.3870 as targets...
Pivot (invalidation): 0.7115 Our preference Short positions below 0.7115 with targets at 0.7065 & 0.7050 in extension. Alternative scenario Above 0.7115 look for further upside with 0.7140 & 0.7165 as targets...
Pivot (invalidation): 1.3215 Our preference Long positions above 1.3215 with targets at 1.3245 & 1.3280 in extension. Alternative scenario Below 1.3215 look for further downside with 1.3195 & 1.3160 as targets...
Pivot (invalidation): 1.0020 Our preference Short positions below 1.0020 with targets at 0.9995 & 0.9980 in extension. Alternative scenario Above 1.0020 look for further upside with 1.0035 & 1.0060 as targets...
Pivot (invalidation): 110.85 Our preference Short positions below 110.85 with targets at 110.60 & 110.45 in extension. Alternative scenario Above 110.85 look for further upside with 110.95 & 111.10 as targets...
