EURUSD was making a nice W pattern on H4 chart on Friday when the last time I had checked the charts. This was the time when last minute efforts were being made to avert a Greek default. But things didn’t work out. Over the weekend the Greek government instituted tight capital controls indicating a default.… Continue reading EURUSD Falls More Than 200 Pips Over The Weekend
Tag: eur/usd
EURUSD Falls 450 Pips This Week When ECB Announces Going Heavy On QE
EURUSD fell more than 450 pips this week when ECB announced that it will be going heavy on QE starting this week. On Monday, a clear bearish divergence signal was appearing on H4 chart. Take a look at the following screenshot. You can clearly see a strong bearish divergence pattern appearing in the above screenshot.… Continue reading EURUSD Falls 450 Pips This Week When ECB Announces Going Heavy On QE
EURUSD Showing Bearish Divergence On Daily Chart Means Downtrend
EURUSD is showing a bearish divergence signal on the Daily Chart. In the last 2 months, EURUSD has climbed up around 1500 pips from a low of 1.04618. EURUSD rally seems to be exhausted now. Take a look at the following chart! Do you see the yellow lines showing the bearish divergence on stochastic D1.… Continue reading EURUSD Showing Bearish Divergence On Daily Chart Means Downtrend
The Dollar Made A Massive Round Trip Last Night On Just One Word By FED
USD made a massive and a staggeringly move last night in just a few hours when FED released it FOMC Meeting Minutes that did not use the word, “Patient” after a long time. GBPUSD shot up 500 pips then it fell down 400 pips in just a few hours. EURUSD also shot up more than… Continue reading The Dollar Made A Massive Round Trip Last Night On Just One Word By FED
How Low Can EUR/USD Go? Fundamental Analysis On EUR/USD
EUR/USD has been in a long term downtrend from many months now. EUR/USD downtrend started in the month of May last year. EUR/USD reached 1.38822 level where it found strong resistance when ECB intervened strongly and made sure that EUR/USD does not appreciate above this level. EUR/USD has been falling since then continuously. Right now… Continue reading How Low Can EUR/USD Go? Fundamental Analysis On EUR/USD
EUR/USD Downtrend Is Strong And Drop To 1.2000 Level Highly Likely
EUR/USD is in a strong downtrend since June 2014. EUR/USD downtrend started when it got rejected from the resistance of 1.3993. It has now fallen to 1.26664. Market analysts are predicting that this downtrend will continue and EUR/USD will reach 1.2000 level in the next 12 months. Nomura predicts the shared currency will fall to… Continue reading EUR/USD Downtrend Is Strong And Drop To 1.2000 Level Highly Likely