Showing posts with label EURUSD. Show all posts
Showing posts with label EURUSD. Show all posts

Tuesday, May 14, 2013

EURUSD Channel Consolidation

myfxvoyage.blogspot.com EURUSD H4 Channel
EURUSD H4
Lately pair is moving in ascending channel. 100 & 200EMA are almost flat - indicating consolidation. 

Looks like the pair is in range based trading. It is not able to break resistance of 1.3140/45 area after several attempts. 

Plan is to enter short near the resistance area of 1.3140/45. 


Tuesday, April 23, 2013

EURUSD Triangle Watch

myfxvoyage.blogspot.com EURUSD H1 triangle
Triangle am watching in EURUSD. 

Looks like price is entering a consolidation phase between trendline. 

Strategy would be to play pullback from these trendline.


Friday, April 19, 2013

EURUSD Support-Resistance Levels

myfxvoyage.blogspot.com EURUSD support-resistance
EURUSD H4
Currently price is hitting channel's lower trendline. Just above that lies a big resistance level. 

A good momentum is required to break the resistance level. Price action was unable to it on several previous occasions. 

I will be watching this area next week closely for any potential trade setups.


Friday, April 5, 2013

EURUSD Channel Holding Up

myfxvoyage.blogspot.com EURUSD Channel
EURUSD Hourly
Yesterday's rally after ECB meeting stalled right at the channel's upper trendline. 

A break above the channel will push the pair higher and mean that a short term bottom at 1.2750 is in place. 

Thursday, April 4, 2013

EURUSD Major Resistance

myfxvoyage.blogspot.com EURUSD
EURUSD Hourly
Currently at major resistance. So far this resistance has capped any rallies. 

A break of it indicates that a bottom is in place and should send pair higher. 

Next resistance comes in form of channel. 

Another way of looking at chart is the hourly channel that is forming up and a bounce from them support at 1.2750. Chart below:

myfxvoyage.blogspot.com EURUSD
EURUSD Hourly



Tuesday, April 2, 2013

EURUSD Channel

myfxvoyage.blogspot.com EURUSD Channel Trade
EURUSD Hourly
Pair is drawing up a falling channel and currently price is in middle of it. 

Currently price is at support-turned-resistance and if price goes thru it then next resistance comes at channel upper trendline which has been held since Feb-2013. 

Thursday, March 7, 2013

EURUSD At Daily Channel

myfxvoyage.blogspot.com EURUSD Long Trade Plan
EURUSD Daily
Pair touched the lower trendline of daily channel yesterday. But looks like price is bouncing today. 

This channel is in place since Aug-2012 and a break lower could mean more down coming. 

I am expecting this channel to hold. I went long yesterday at 1.2988 on touch of the channel. 


Wednesday, March 6, 2013

Credit Suisse sees EUR/USD rebound



The euro will likely trade in a narrow range for the next month or so then climb, according to analysts at Credit Suisse. They forecast EUR/USD at 1.33 in three months and 1.40 at year end.
There is lots of bearish GBP talk, including from CS and Bill Gross.

Source [forexlive]

EURUSD Daily Channel

EURUSD Daily channel am watching.

A break means more low coming..

EURUSD Daily

Monday, March 4, 2013

EURUSD Trade Plan

myfxvoyage.blogspot.com EURUSD Trade Plan
EURUSD H4
I posted this chart few days ago. Previous post [here].

Support-resistance are playing out nicely.
 

Monday, February 25, 2013

EURUSD: Resistance-Support Play

myfxvoyage.blogspot.com EURUSD Trade
EURUSD H4
For EURUSD, its all resistance and support levels playing out. 

If the current support hold up. then we might see a move towards resistance level 1.33. While a break of support call for next down move to 1.3025 level. 

Monday, January 28, 2013

EURUSD Daily Channel

myfxvoyage.blogspot.com EURUSD Channel Trade
EURUSD Daily
EUR is seen bullish across the board. EURUSD has gone more than 150pips in last 2 trading sessions. 

I am looking to short this pair. A daily ascending channel might give us that opportunity. This channel is in place since last week of Aug-12. 

Wednesday, January 16, 2013

EURUSD Channel Short Trade Plan

myfxvoyage.blogspot.com EURUSD Channel Short Trade
EURUSD Daily
See the channel EURUSD is making out on daily charts. 

Price has just retraced back after touching upper trendline. That area also coincides with the previous highs of April-2012. 

Friday, January 4, 2013

EURUSD Short Term Channel

myfxvoyage.blogspot.com EURUSD Channel Trade
EURUSD M30
Apart from the daily channel trade of yesterday, a short term channel is forming on M30 chart.

A break of that channel to the upside brings focus to horizontal resistance area. 

Thursday, January 3, 2013

EURUSD Long Trade Setup

myfxvoyage.blogspot.com EURUSD Channel Long Trade
EURUSD H4
I am following up this setup from past few sessions and yesterday closed my short trade for +80 pips. Previous post [here].


Now another channel setup is coming up. This time price has broken the previous hourly channel to the downside and is fast approaching the daily channel's upper trendline. 

Wednesday, January 2, 2013

EURUSD Channel Trade Setup

myfxvoyage.blogspot.com EURUSD Channel Short Trade
EURUSD Hourly
On Hourly charts, pair is trending in a slightly descending channel. 

Currently price is retracing back after touching the upper trendline of the channel. 

This channel provides a good scalping trade opportunity.

Thursday, December 13, 2012

Option Expiry for 13-Dec

Today's option Expiry for 15GMT (from Bloomberg)
  • EUR/USD: 1.2950, 1.3125, 1.3150, 1.3175
  • GBP/USD: 1.6075, 1.6100, 1.6200
  • USD/JPY: 82.40, 82.50, 82.75, 82.80
  • AUD/USD: 1.0465, 1.0500, 1.0520, 1.0550

EURUSD Short at 1.3045 & 1.3070

myfxvoyage.blogspot.com EURUSD Channel Short Trade
EURUSD Daily
Tracking this setup from past few session and it materialized finally. Setup I posted yesterday [here].

Initially I went short EURUSD at 1.3045 and later on added to my short at 1.3075 on touch of the channel's trendline. 

Wednesday, December 12, 2012

EURUSD Short Trade

myfxvoyage.blogspot.com EURUSD Channel Short Trade
EURUSD Daily

This setup is in place form past few sessions and I have traded this setup previously. Previous post [here]. and [here].

Now another channel short trade is coming up. 

Monday, December 10, 2012

EURUSD Trade Plan

myfxvoyage.blogspot.com EURUSD Channel Short Trade
EURUSD H4
I am watching this setup from past few sessions. Previous post [here]. Initially pair bounced from 200EMA on Friday, but since then has come back below 200EMA. Details [here].

After break of 200EMA, focus comes on horizontal support area. This area has been on-off as support & resistance. 

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