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Market Analysis - Forexmospherians.com

Market Analysis Blog is the traders navigation page for quickly referencing the latest updates for this category and adding Market Analysis posts.

 Share your Market Analysis with the community but try to avoid just simply posting a Chart, link or video and saying this is great. Explain what makes it great or how this was useful. Sometimes the Market Analysis is crystal clear to experienced traders but they will remain a mystery to anyone not seeing what you know. So say what you enjoyed about it or describe why you made that Trade, came to that Market Analysis or set of results. 

Daniel Stasziek

Current Market and the key Forex word is Patience

eurusd-h4-fxpro-financial-services.png

Like everything in life, patience delivers some of the most important things and in the trading world it really helps with timing. Timing makes the greatest difference for entry and exit points, even if you know the right direction of the market, when you enter too early, waiting for right direction and growing a negative trade, the equity can influence your mind and force you to exit just before market turns in your favor.

Anyway, my market analysis is the current EURUSD direction for the time being is UP but we are now in correction phase and EURSD should go lower before it continues Long.

Its too early to tell where the bottom of correction will be, but a reasonable assumption is that it should reach 1.1050-1.1060, after the market turns it should reach at least 1.1220-1.1240

However, the price going below 1.0930 would negate the above.

E-mail me when people leave their comments –

Viktor
Senior Forex Market Analyst
Contributor at Forexmospherians.com
Currency Pairs USD, EURO, GBP, AUD, CAD, NZD, JPY

Comments

      • CAD now on support, lets see this pre news move

      • What is interesting in CAD that on 1 hoir frame it starts to form bull flag, for now best to wait news release, and one of the hardest things just wait :)

  • USDSEK correlated to EURUSD, weekly showing divergence on MACD indicator, it should follow DXY and EUR move and continue down as USD weakens

    usdsek-w1-fxpro-financial-services.png

    looking for entry for sell on lower timeframe

    usdsek-h4-fxpro-financial-services.png

  • Sweeet move glad we shorted USDCAD guys and thanks for the post Viktor

  • not to my liking bt USDCAD showing some dead cat bounce, it could go presumambly a bit higher before countinuing its journey lower

    usdcad-h1-fxpro-financial-services-2.png

     

    USDSEK also strong in retracement for  now no sign of going lower

    EUR also consolidating though it touched point of retracement, it could go for another dip down

    Today will be probably a veery slow day until FED meeting which will decide fate of bonds and currency.

  • USDSEK current situation, sitting right on trend line support

    usdsek-h1-fxpro-financial-services.png

  • big retracements before FED, one false move USD after FED and now USD slowly going down, USDCAD got good retracement still could be nice entry for shorts

    DXY bear flag on 1 hour and should continue south

  • USDCAD looks very promosing for shorts, on daily we have retracement and on lower time frame 1 hour to be exact it seems like double top forming, monday will be decisive on that, going lower could trigger serious slide to downside.

    MACD and Stoch looking very favourable for shorts, all on 4 hour time frame.

    usdcad-h4-fxpro-financial-services.png

    • today crucial day, double top not longer valid, upcoming report CAD trade balance will show us direction

  • just quick update,DXY we have double bottom on 4 hours time frame, so it would suspend most of CAD, EUR, SEK longs, GOLD massive drop due to BOND rolling over and dropping, and bonds should go even lower (and GOLD)

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