Full technical analysis of EUR/USD

EUR/USD Time frame: MN, D1, H4 Technical analysis: As February is already behind us, we can open a monthly chart and see how the pair closed the last monthly bar. The chart shows a strong downward trend, and in recent months the price has been making a lot of adjustments, but without keeping its high values. Month […]

Shift in the correlation between currencies and stocks

The chart on the left shows the 40-day correlation between the GBP and the FTSE100. For the past two years the correlation has been persistently negative, at times exceeding -50%. With such a correlation a 1% fall in GBP should translate into a 0,5% rise in the FTSE100 index. The economic logic is that a […]

Focus on the dollar and the Fed during today’s European session

American President Donald Trump caused a sharp correction in the dollar index (DX) after he blamed the EU and China for manipulating their currencies and, separately, complained that the policy of tightening by the Fed is not supportive of his efforts to negotiate a trade deal with China. The Fed, however, is based primarily on […]

Greece – after the crisis

Starting today, Greece is officially out of the bailout package by the EU and IMF, which until now restricted Greece’s financial and fiscal independence. After the Great Recession, Greece’s external debt was so high that investors refused to finance it by buying government bonds. The financial ministers of other EU countries agreed to the bailout […]

Opportunity for short EURUSD

EURUSD 25.01.17 Time frame: D1 The price is moving in a downtrend. There is a repulsion of the horizontal resistance which is in the zone of 1.0780-1.0850. Price action: Dark-cloud cover formation. Indicators: 50MA is under 200MA – confirmation of downtrend. DeMarker has turned and punched 0.7 zone upside down. SL: 1.0872 Alternative scenario: If […]

EUR/USD – remains under pressure, probably test of support around 1.0930

EUR/USD – mid-term movement Short Second lower top – negative sentiment Price below the MA`s, which are ordered in bearish formation The price reach resistance, good places for sell around 1.0990 and stop few pips above 1.1025 Still sharp movements are possible , also high volatility in awaiting the Greece government to approve the plan