EURUSD still depends on dollar sentiment

EURUSD still depends on dollar sentiment

BRENT CRUDE OIL TVC:UKOIL


EURUSD             declined last week after three weeks of gains. The pair looks neutral on Monday, changing hands around the 1.17 threshold, which serves as the key barrier for short-term buyers. USD index looks quite stable, but has started the week mainly on the back foot, which raises a chance for a more sustainable rebound in the single currency.

The general sentiment around the greenback remains the key river for the pair. As trade-war fears have abated somewhat, the overall sentiment in the global financial markets remains cautious, which supports safe-haven USD demand. In the short term, US June retail sales data will be in market focus. Should the numbers disappoint, the euro             could regain the 1.17 mark and target the 1.1760 area which comes as the intermediate resistance on the way to 1.18. As long as the price remains below this barrier, downside risks will prevail.

As the broader picture shows, EURUSD             remains within a bearish trend , and there is a risk of a decline towards the lows around 1.15 as the buck could regain the impetus due to trade-war jitters and further “hawkish” signals from the Fed down the road.

Bitcoin stuck in limbo

Bitcoin stuck in limbo

Bitcoin / Dollar BITFINEX:BTCUSD


BTCUSD             had a viable weekend, with the pair has appreciated and thus has trimmed its weekly losses. Nevertheless, the coin remains stuck in limbo, being shut in a limited range of $6,000-$6,400 for the last six days. The market obviously lacks fresh catalysts and headlines to stage a more vivid movement in either direction.

The digital currency returned most of its previous July gains last week, mainly due to some negative comments by prominent names and another exchange hack. Besides, US authorities arraigned twelve Russian officials for using the virtual currency in interfering with the 2016 elections. All these developments derail the buyers’ attempts to push the price of bitcoin             out of the boring range.

Technically, the coin shows some signs of bullishness as the price remains reluctant to get below the $6,000 key immediate support. Therefore, should the upcoming week doesn’t bring fresh negative developments and headlines, BTCUSD             could try to challenge the $6,400 region which has been limiting the recovery attempts since last week.

EURGBP 16-20/07/2018

EURGBP 16-20/07/2018


Technical Analysis:
Pair now:
1. Resistance levels as shown on the graph at point C of the AB = CD harmonic pattern
2-levels Fibonacci resistance between 78.6-88.0 as shown to you on the 4 hours as well as according to the Maori MATH at
H4
H4
3 – strong buying signals on the pair at both Stochastic and RSI
4. The MACDI indicator shows you the start of the price by breaking the zero line
5 – the opportunity to sell the list on the pair being below the resistance line represented by 78.6 Vibo here and this represents the point of rebound is very strong at point C
6 – Sales opportunities list of the emergence of Price Action on a smaller frame
7 – The areas that have been identified are not pending orders, but areas may reach the price and then rebound with the advent of signs of sale or purchase, for example, vibrations or oscillations or Paris Action and …
8 – Stop and target were placed according to levels of support and resistance

How long will the range of 22000-23000 last?

How long will the range of 22000-23000 last?

Japan 225 OANDA:JP225USD


I think that the range of 22000-23000 will not last long.

Following the course,
July 2: It penetrated down 22000 that is the neckline of the blue double bottom .
July 5: It was bounced back by YPP (P) and returned to the range.
July 9th             and July 12th: It went up as attacking the short entry on July 2nd while swinging around.

After the movement of attacking while swinging the breakout, the break succeeds after trying it a couple of times.
Therefore, it seems that there will be some move to clearly penetrate the red line or break YPP (P) downward.

Based on that, the latest is as follows.

<< tactics >>
1) MPP (R1) functioned as a resistance after failure to penetrate the red line.

Short entry.
The first limit is above MPP (P) 22441.9.
The second limit is above 22000.
The third limit is above YPP (P) 21488.5.

2) It went through the red line and 23000 upwards.

I will observe to find the next entry point.

I would be grateful if you like it idea,give me follow or agrees!

————————- <Legend> ————————–
Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly Pivot Points (MPP in the text)
Green thin line: Weekly Pivot Points (WePP in the text)
Indigo thick line: Horizontal line or Trend line seen by weekly or monthly
Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily
Indigo dotted line: outstanding round number.
Red thick line: Untrustworthy line for me

Red curve: EMA 20 close
Indigo curve: EMA 200 close
Green curve: EMA 800 close
Black curve: EMA 1600 close

x mark: Line which may not function
————————- <Legend> ————————–

YPP does not work, does MPP work?

YPP does not work, does MPP work?

EUR/GBP OANDA:EURGBP


eurgbp             has been keeping a narrow range since May.
As you can see, YPP (P) does not work and MPP (P) is functioning.

As you can see from Weekly, it is a range quote in the long run.

It seems that you can aim for long after confirming support of MPP (P).

<< tactics >>
1) MPP (P) 0.88187 is functioned as a support line.

Long entry.
The first limit is under WePP (R1) 0.88841.
The second limit is under MPP (R1) 0.89194.

2) It is doubtful whether MPP (P) 0.88187 functioned as a support line.
After penetrating downward, check if it functions as a resistance line and consider a short entry.

I would be grateful if you like it idea,give me follow or agrees!

————————- <Legend> ————————–
Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly Pivot Points (MPP in the text)
Green thin line: Weekly Pivot Points (WePP in the text)
Indigo thick line: Horizontal line or Trend line seen by weekly or monthly
Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily
Indigo dotted line: outstanding round number.
Red thick line: Untrustworthy line for me

Red curve: EMA 20 close
Indigo curve: EMA 200 close
Green curve: EMA 800 close
Black curve: EMA 1600 close

x mark: Line which may not function
————————- <Legend> ————————–