Unai Aldekozea

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  • As we can see in the charts, the 1.1625 is holding (4H chart 21-55 EMA), but a potential H&S may be forming at the top of the trend line.
    Many doubts in Europe are making the Euro weaker.
    1.- Germany and Angela […]

  • The price spiked 100 pips overnight because of the EU decision about immigration and hit the 1.16640 level, WM3. A potential Descending Triangle is forming, so is better to remain bearish. We can see the Future […]

  • The price rejected yesterday 1.1720, just in the WR1 and in a major Resistance. It doesn’t look very good to buy at this point, so I’m waiting for the price to come back again at least to 1.16 and maybe 1.1 […]

  • The chaos in Italy is driving the Euro to the key support which is around 1.15500 – 1.14600, Lowest levels since November 2017. We also have the weekly take profit zone (WM1-WS2) around 1.15500 and the monthly S3 […]

  • We can see in the 1H chart how the EURUSD keeps respecting the 55EMA despite of the mixed US data in Fridays NFP. As a EURUSD bull I’ll be waiting to see a reversal pattern in the MS2/WM1. In addition, we are s […]

  • We are back in the 2018 bottoms, and today’s main event will be the Euro Flash inflation for April.
    As an EURUSD bull I would like to see a double bottom around the 1.19300 area to take a position in the pair. M […]

  • Let’s start from the monthly chart. We can see the clear downtrend where the EURUSD is since the 2008, and it hasn’t been able to break that downtrend channel. As a bull, I would like to see the 1.26 level bro […]

  • After the last week drop, 2.8%, today the German CPI data is what potentially can move the market. Is expected to tick down to 1.5 percent from 1.6 percent. Broadly in line with the average for 2018 so far. After […]

  • My plan for today as an EURUSD bull will be to wait for a reversal pattern around 1.2150 where is the MS1 and WS2. If it holds, I will potentially look to take profit around 1.2300 which is the top of the channel, […]

  • My plan for this week for the EURUSD as a bull will be to buy between MM2 and WS1 around 1.22362 and 1.22161 and potentially to take profit in WS1 but I’ll be watching the monthly and the weekly pivot. Basically i […]

  • Some seasonality data for March:

    The USDMXN has fallen in 16 of the last 20 years (80%), dropping by an average of -1.7% in March.

    The USDCAD has fallen in 14 of the last 20 years (70%), dropping an average of 0.3% in March.

    The CurrencyShares Canadian Dollar Trust (FXC) has rallied in February in 7 of the last 11 years (64%), with an average…[Read more]

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