Forecast and levels for EURO - page 30

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Shaheen Hassanali
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Shaheen Hassanali  

The Euro is following Cable down the hill. That said, a bounce to 1.1364 is expected and price should reverse back down from there. Sell trades will prove to be more pipful.
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Technical analysis of EUR/USD for December 14, 2018

Chathusanka Yamasinghe, 2018.12.16 12:44

The EUR/USD pair fell from the level of 1.1338 towards 1.1265. Now, the price is set at 1.1330. The resistance is seen at the level of 1.1338 and 1.1390. Moreover, the price area of 1.1390/1.1338 remains a significant resistance zone. Therefore, there is a possibility that the EUR/USD pair will move downside and the structure of a fall does not look corrective. The trend is still below the 100 EMA for that the bearish outlook remains the same as long as the 100 EMA is headed to the downside. Thus, amid the previous events, the price is still moving between the levels of 1.1338 and 1.1253. If the EUR/USD pair fails to break through the resistance level of 1.1338, the market will decline further to 1.1253 as as the first target. This would suggest a bearish market because the RSI indicator is still in a negative spot and does not show any trend-reversal signs. The pair is expected to drop lower towards at least 1.1197 so as to test the daily support 2. On the contrary, if a breakout takes place at the resistance level of 1.1338, then this scenario may become invalidated.


Sergey Golubev
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EUR/USD analysis

Chathusanka Yamasinghe, 2018.12.18 16:03

EUR/USD analysis for December 18, 2018


Recently, the EUR/USD pair has been trading upwards. As I expected, the price tested the level of 1.1400. According to the H4 time – frame, I have found the breakout of the resistance trendline and the breakout of the 20-hours balance to the upside, which is a sign that buyers are in control. I also found a confirmed double bottom pattern with a fake breakout on the right side. Watch for buying opportunities. The upward targets are set at the price of 1.1440 and at the price of 1.1470

Sergey Golubev
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Press review

Sergey Golubev, 2018.12.20 08:39

Intra-Day Fundamentals - EUR/USDDollar Index and Crude OilFederal Funds Rate

2018-12-19 19:00 GMT | [USD - Federal Funds Rate]

  • past data is 2.25%
  • forecast data is 2.50%
  • actual data is 2.50% according to the latest press release

if actual > forecast (or previous good for currency (for USD in our case)

[USD - Federal Funds Rate] = Interest rate at which depository institutions lend balances held at the Federal Reserve to other depository institutions overnight.

==========

From official report :

  • "Information received since the Federal Open Market Committee met in November indicates that the labor market has continued to strengthen and that economic activity has been rising at a strong rate. Job gains have been strong, on average, in recent months, and the unemployment rate has remained low. Household spending has continued to grow strongly, while growth of business fixed investment has moderated from its rapid pace earlier in the year. On a 12-month basis, both overall inflation and inflation for items other than food and energy remain near 2 percent. Indicators of longer-term inflation expectations are little changed, on balance."
  • "Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee judges that some further gradual increases in the target range for the federal funds rate will be consistent with sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee's symmetric 2 percent objective over the medium term. The Committee judges that risks to the economic outlook are roughly balanced, but will continue to monitor global economic and financial developments and assess their implications for the economic outlook."
  • "In view of realized and expected labor market conditions and inflation, the Committee decided to raise the target range for the federal funds rate to 2-1/4 to 2‑1/2 percent."

==========

EUR/USD: range price movement by Federal Funds Rate news events

EUR/USD: range price movement by Federal Funds Rate news events

==========

Dollar Index (DXY): range price movement by Federal Funds Rate news events

Dollar Index (DXY): range price movement by Federal Funds Rate news events

==========

Crude Oil: range price movement by Federal Funds Rate news events

Crude Oil: range price movement by Federal Funds Rate news events

==========

Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

Same system for MT4:

  1. Brainwashing. Trades: manually and using EAs (MT4)
  2. Brainwashing EAs - the thread (MT4)
  3. Brainwashing: system setup for trading manually and for EAs (MT4) - the thread 
  4. Brainwashing: system development (MT4) - the thread

Sergey Golubev
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EURUSD buy with simple trade

Moch Aminulloh, 2019.01.03 05:00

Go for profit day



Sergey Golubev
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Press review

Sergey Golubev, 2019.01.10 10:14

Intra-Day Fundamentals - EUR/USDDollar Index and S&P 500: Federal Open Market Committee (FOMC) Minutes

2019-01-09 19:00 GMT | [USD - FOMC Meeting Minutes]

[USD - FOMC Meeting Minutes] = It's a detailed record of the FOMC's most recent meeting, providing in-depth insights into the economic and financial conditions that influenced their vote on where to set interest rates.

==========

From rttnews article :

  • "Minutes from the Federal Open Market Committee's latest meeting confirmed Federal Reserve Chairman Jerome Powell's recent remarks suggesting the central bank will take a patient approach to further interest rate increases. The minutes of the FOMC's December meeting showed participants saw the appropriate extent and timing of future rate hikes as less clear than earlier."
  • "The Fed decided to raise rates by a quarter point at the meeting, but the minutes suggest volatility in financial markets and increased concerns about global economic growth have clouded the outlook for rates. "Against this backdrop, many participants expressed the view that, especially in an environment of muted inflation pressures, the Committee could afford to be patient about further policy firming," the minutes said."

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EUR/USD: range price movement by FOMC Meeting Minutes news events

EUR/USD: range price movement by FOMC Meeting Minutes news events

==========

Dollar Index (DXY): range price movement by FOMC Meeting Minutes news events

Dollar Index (DXY): range price movement by FOMC Meeting Minutes news events

==========

S&P 500: range price movement by FOMC Meeting Minutes news events

S&P 500: range price movement by FOMC Meeting Minutes news events

==========

Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

Same system for MT4:

  1. Brainwashing. Trades: manually and using EAs (MT4)
  2. Brainwashing EAs - the thread (MT4)
  3. Brainwashing: system setup for trading manually and for EAs (MT4) - the thread 
  4. Brainwashing: system development (MT4) - the thread

Sergey Golubev
Moderator
108465
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2019.01.18 11:31

EUR/USD - daily bearish reversal; 1.1369 is the key (based on the article)

EUR/USD daily chart by Metatrader 5

  • "The Euro failed to make good on an attempted break higher from a range confining price action against the US Dollar since late October. The pair briefly breached resistance in the 1.1456-81 area but the upswing ran out of steam on a test of trend line resistance set from January 2018. A test of this barrier produced a bearish Evening Star candlestick, which was soon followed by a drop back into familiar territory."
  • "Sellers are now eyeing counter-trend support guiding the upswing from lows set in mid-November. A daily close below this barrier – now at 1.1328 – would suggest the dominant long-term decline is ready to be reasserted. The first downside hurdle to follow is the November 12 low at 1.1216, followed by a support shelf in the 1.1110-32 zone."
  • "The 1.1456-81 region is back as immediate resistance. Another foray above it would open the door for a test of 1.1554. This appears to be a pivotal spot for bears, marking the intersection of trend line resistance and a chart inflection area in play since November 2017. Establishing a foothold above this would go a long way toward de-fusing immediate selling pressure."

==========

Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

==========

Same systems for MT4/MT5:

The beginning

  1. ASCTrend system, the beginning, part #1
  2. ASCTrend system, the beginning, part #2
  3. ASCTrend system, the beginning, part #3
  4. ASCTrend system, the beginning, part #4 
  5. Digital ASCTrend (Digital Filters with ASCTrend system combined).
  6. LabTrend (LabTrend indicators, LabTrendZigZag, templates, Labtrend EAs) - the thread 

After


Sergey Golubev
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Press review

Sergey Golubev, 2019.01.28 16:19

EUR/USD - daily bullish breakout; 1.1441 is the key (based on the article)

EURUSD daily chart by Metatrader 5

  • "The Euro looks to be resuming the downward trend started in January 2018 against the US Dollar, despite a spirited rise on Friday. The currency has breached counter-trend support guiding the retracement from mid-November lows. The latest surge conspicuously failed to undo that break, hinting it was corrective."
  • "Overlapping layers of resistance now face buyers hoping for upside follow-through. The counter-trend support zone, two notable chart inflection areas and the outer bound of 12-month resistance would need to be overcome to meaningfully neutralize near-term selling pressure. That implies returning above 1.1552."

==========

Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

==========

Same systems for MT4/MT5:

The beginning

  1. ASCTrend system, the beginning, part #1
  2. ASCTrend system, the beginning, part #2
  3. ASCTrend system, the beginning, part #3
  4. ASCTrend system, the beginning, part #4 
  5. Digital ASCTrend (Digital Filters with ASCTrend system combined).
  6. LabTrend (LabTrend indicators, LabTrendZigZag, templates, Labtrend EAs) - the thread 

After


Sergey Golubev
Moderator
108465
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2019.01.31 07:15

Intra-Day Fundamentals - EUR/USDDollar Index and S&P 500: Federal Funds Rate

2019-01-30 19:00 GMT | [USD - Federal Funds Rate]

  • past data is 2.50%
  • forecast data is 2.50%
  • actual data is 2.50% according to the latest press release 
if actual > forecast (or previous good for currency (for USD in our case)

[USD - Federal Funds Rate] = Interest rate at which depository institutions lend balances held at the Federal Reserve to other depository institutions overnight.

==========

From official report :

  • "Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent. The Committee continues to view sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee's symmetric 2 percent objective as the most likely outcomes. In light of global economic and financial developments and muted inflation pressures, the Committee will be patient as it determines what future adjustments to the target range for the federal funds rate may be appropriate to support these outcomes."

==========

EUR/USD: range price movement by Federal Funds Rate news events

EUR/USD: range price movement by Federal Funds Rate news events

==========

Dollar Index (DXY): range price movement by Federal Funds Rate news events

Dollar Index (DXY): range price movement by Federal Funds Rate news events

==========

S&P 500: range price movement by Federal Funds Rate news events

S&P 500: range price movement by Federal Funds Rate news events

==========

Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

Same system for MT4:

  1. Brainwashing. Trades: manually and using EAs (MT4)
  2. Brainwashing EAs - the thread (MT4)
  3. Brainwashing: system setup for trading manually and for EAs (MT4) - the thread 
  4. Brainwashing: system development (MT4) - the thread

Sergey Golubev
Moderator
108465
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2019.02.10 07:18

EUR/USD - daily breakdown (based on the article

EURUSD daily Ichimoku chart by Metatrader 5

  • "Last week, the Euro furthered weakness off confluent trend-line resistance. The move from resistance already has big support in view as the trading range remains quite narrow in historical terms. Only a small handful of times has the 6-month range ever been this tight."
  • "In the current environment fade trades off significant levels have been the only tactical approach working. Next week may bring another such opportunity if either the lower parallel holds or price maintains the zone from around 11320 down to 11268, with price support the most meaningful."
  • "The 11300-level became important back in August, with the area just surrounding it having become an inflection point of support on numerous occasions since late October. The more times a level or price zone is tested the more meaningful it becomes."

============

The charts were made on daily timeframe with Ichimoku market condition setup (MT5) from this post (free to download for indicators and template) as well as the following indicators from CodeBase:


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