Trading Opportunities for the Week Ahead – 26 October 2020

Wait EUR/USD – MT is Sideways Volatile Daily chart. Technical Overview: The secondary support level at 1.1712 has provided the support expected pushing the EUR higher. Despite the overall sideways volatile market type, the pair is trading within a bullish channel. With price remaining range bound...

Trading Opportunities for the Week Ahead – 19 October 2020

Wait EUR/USD – MT is Sideways Volatile Daily chart. Technical Overview: The overall market trend remains sideways with the recent sell-off being capped by the secondary support level at 1.17127. Any strong rejection on the secondary support level may attract buyers with a good risk-reward ratio...

Trading Opportunities for the Week Ahead – 30 August 2020

Buy EUR/USD – MT is Sideways Volatile. Daily chart.Technical overview: Price has remained within the area of consolidation. We have seen the market attempt to break the secondary resistance level. As the overall market remains bullish, we will look for a clear break above 1.19 before...

Trading Opportunities for the Week Ahead – 23 August 2020

Buy EUR/USD – MT is Sideways Normal. Daily chart.Technical overview: Price is currently consolidating within the range after attempting to break the secondary resistance level at 1.19. Look for a break above 1.19 with bullish confirmation to enter a buy towards our target of 1.24.  Fundamental...

Trading Opportunities for the Week Ahead – 17 August 2020

Buy EUR/USD. MT is Sideways Normal. Daily chart.Technical overview: Price has rejected the secondary support level at 1.17 and buyers took the opportunity to push the price towards recent highs. However, we will have to be cautious with resistance at 1.19. Once the price breaks above...

Short-Term Signal 24 Jan 18: No Trade Today

Comments: Signals continue to indicate weakness in the USD, but a combination of stretched readings and event risk today suggest caution. As such we suggest remaining square today. Below is our FX Majors’ Sentiment Analysis for your consideration. EURUSD Net movement in EURUSD was minor Tuesday...