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EUR / USD (EURUSD)

daworm · 340 · 60901

MetisEtradePR

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Support and Resistance Level


EURUSD has been generally been moving in a downtrend and has been forming a falling wedge chart pattern since September. The channel resistance of the chart pattern at 1.24764 will possibly be retested by the currency pair. This retest should be taken advantage of by placing a sell order after the retest of this resistance level. Profit-taking should be done before the 1.23535 support level is reached which is the currency pair’s low since 2012.

Trend Indicators

The 10-day (red line), 20-day (blue line) and 50-day (orange line) simple moving average of the EURUSD chart reveals that the currency pair has been moving generally been moving in a downtrend given that the shorter-term SMAs are below the long-term SMA. This confirms that the currency pair will most likely continue its downtrend.

Oscillators


The relative strength index (RSI) of the EURUSD daily chart shows that the currency pair is neither overbought nor oversold. The RSI of EURUSD is currently at 40.76. An RSI below the 60.0 level indicates that the general trend of the currency pair is down.


MetisEtradePR

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The US Dollar strengthened further after a data release of its final GDP revealed that the US economy grew more than expected at 5.0%. The strength in the US economy is expected to continue given the low energy costs and the improvement in the labor sector.

A sell position in EURUSD is recommended.


forsaFX

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I have open my position buy for this pairs since later of December 2014. Till now Eur is still more weak till now. When does EUR back to bullish? Greek will exit from EURO, seems that EUR will be weak in the long time.


MetisEtradePR

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Support and Resistance Level

EURUSD has been moving in a downtrend for months and may continue to drop. The currency pair is forming a descending triangle pattern and now at the pattern resistance at 1.13500. The opportunity after the test at the pattern resistance, the prices may reverse to a downtrend reaching 1.12742 then may continue its triangle pattern, on the other hand if it breaks a sell stop position after the support may be placed at 1.12520. Profit-taking should be done near the 1.11395 support level.

Trend Indicators

The 10-day (red line) and 20-day (blue line) simple moving average of the EURUSD chart confirms that the currency pair is still consolidating and making a triangle pattern. Both trend line the red and blue line are close and intersecting each other signifying temporary trend changes in a 4-hour period.

Oscillators

The relative strength index (RSI) of the EURUSD four-hour chart reveals that the currency pair is neither overbought nor oversold at 54.11.


MetisEtradePR

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The Federal Reserve’s January meeting minutes revealed the factors that worry the central bank regarding the US economy. Slow wage growth is still below the 3-4% target at a 2% range. Inflation remains below the 2% Fed target at 1.3% for the whole 2014. The fall in oil prices influenced a 10% slump in oil drilling activity. There is also concern that the strength of the US Dollar could be a strain to US exports. Despite this, other aspects of the economy have been showing improvement. The labor market added 1 million employed individuals in over three months. The US economy expanded by 2.4% in 2014, the most in four years. Because of this, there have been divergent views on the timing of the first rate-hike. However, the central bank is still expected to raise interest rates this year.


MetisEtradePR

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Data last night showed that US CPI declined by 0.7% for the month of January, the largest monthly decline since December 2008. Although the report revealed a decline in CPI, core CPI was reported to be better than projection. Core CPI, which excludes prices of foods and commodities, for the month of January was revealed to be at 0.2% higher than the 0.1% projection. This confirms that the decline in inflation is just a “relative price adjustment” due to the falling oil prices rather than a general drop in prices of goods and services. The Federal Reserve targets core inflation, not headline inflation. The Fed’s inflation target is at 2%.


MetisEtradePR

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EURUSD made a recovery after the Federal Reserve gave a more dovish than expected statement in the FOMC meeting last week. The Federal Reserve lowered inflation and growth forecasts for 2015. In addition to this, concerns that a strong Dollar will have negative impacts on US exports and inflation were brought upwhich dampened the US Dollar. However, the Federal Reserve removed the statement that they will be “patient” regarding a rate-hike. This confirms the speculation that the Fed will increase interest rates from record-low this year. An interest rate-hike will signify the resilience of the US economy despite external risks.


MetisEtradePR

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Support and Resistance Level

EURUSD is back on its downtrend after the currency pair had a reverse trend last March 18 at 1.06172 level. In a four-hour chart the currency pair is threatening and testing a strong support at 1.07825, if the pair continues its trend, a sell position maybe used after at 1.07552 and profit-taking should be done near 1.06445 level.

Trend Indicators

The 40-hour (red line) and 80-hour (blue line) simple moving average of the EURUSD chart confirms that the currency pair is threatening to breach. Both trend line the red and blue is above the chart signifying a downtrend movement in a four-hour chart.

Oscillators

The relative strength index (RSI) of the EURUSD four-hour chart reveals that the currency pair is neither overbought nor oversold at 37.03.
« Last Edit: Mar 31, 2015, 06:34 PM by MetisEtradePR »


Hopialikeit

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Try lang po. Analysis kuno

D1 Chart
Doji spotted, Trendline broken, EMA line almost Crossing SMA. MFi going upwards = Reversal Iminent

Try lang po eto walang assurance hehe...


SuperForex

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Technical analysis of the currency pair EUR/USD on 06/12/2016. The daily chart

General analysis.
At yesterday's trading session the currency pair EUR / USD was able to go beyond the range of the frame in which it was moving from the middle of November 2016 by breaking its upper boundary. The price has tested resistance level 1.0800.

Considering local increases of the prices if the ECB at its meeting confirms the continuation of the course on the super soft monetary policy.

Stochastic indicator shows us a clear Buy but the signal line is already included in the overbought zone.

Next few days

After a sharp ups and downs on Monday the pair may correct down to 1.0650.
We expect a rebound from the resistance of 1.0800 with the further back to 1.0650.

Long opening must be confirmed by receiving of the receipt of the rebound from the resistance level.

For the first position, it is necessary use no more than 1-2% of the deposit.

The range of possible movement down about 150 points, so traders will be able to open additional positions for sale.




 


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