Anatomy of a reversal: We start with a market in a downtrend. 0- New low in a downtrend. 1- Oscillator going into positive territory. 2- Breaking a valid down trendline. 3- Crossing the down trendline again and making a higher high, showing buyers ...

fxswing - Trading notes, analysis and market thoughts

US Dollar Index View

fxswing - Trading notes, analysis and market thoughts

Swing trade going well. Looks like 1.4800-1.4820 could be achievable before the ECB rate decision. Today is a nice example of a market opening out of balance (outside of value), and making a vertical development move, it's not better in textbooks. ...

fxswing - Trading notes, analysis and market thoughts

Eurusd sitting at Friday's value high, bounce time above 1.4597 ? Pivot at 1.4568. Watch a break of 1.4620+ for more momentum to the upside.

fxswing - Trading notes, analysis and market thoughts

Testing the breakout ?

fxswing - Trading notes, analysis and market thoughts

Watching US Dollar Index next move...

fxswing - Trading notes, analysis and market thoughts

We've got a new daily high. We found a support zone between the 1.4520 - 1.4494 last week, the question is will we retest that zone or just consolidate and zoom higher ? We'll need to break 1.4674 to confirm that push, without making a new low below ...

fxswing - Trading notes, analysis and market thoughts

Looks like we could consolidate above the breakout point 1.4572. If it's the case then we'll have a reversal. Keeping the long swing trade, will close it if there's a "no" result in the Irish referendum. We'll see next week... now it's time for some ...

fxswing - Trading notes, analysis and market thoughts

Looks like we have our consolidation above 1.4579, let's milk a new high now

EURUSD

UK will not hold a referendum if Irish people say yes, because there's almost no chance for UK people to say yes if they're asked. UK will hold a referendum only if Irish people say no first. That's politics: Heads I win, Tails you lose

EURUSD

Don't forget that we still wait for the Irish referendum results. If we get a surprise "No", then we could see a major move. It's not the favored scenario but be prepared, we never know... A "No" would have deep implications for Europe and the Euro, ...

EURUSD

Lots of players take positions at the start of the month/quarter. This often gives big moves on the 2-5 first sessions of the month / quarter. For the "spike" I would say that daily/weekly buyers entered the market again after a decent pullback, ...

EURUSD

Don't forget that's it's the start of the month / quarter, money is flowing...

EURUSD

1.4636 hit, time for some consolidation...

EURUSD

1H view, with targets

EURUSD

GG

EURUSD

1.4690 would be quite nice for today, we have to leave some for next week and not shoot directly to 1.48 But 1.4636 is probably more realist...

EURUSD

Nice technical market, let's see if we have a breakout above 1.4572 and short covering...

EURUSD

S&P 500 ready to bounce ? At least there is a good reference point there around 1019 cash ...

EURUSD

Do yourself a favor people. More sellers than buyers - it's going down More buyers than sellers - it's going up It's really as simple as that. Don't search smart reasons to explain moves. Supply and demand move the markets, not the logic !

EURUSD