Jump to content


Recommended Posts

Hi All,

I thought I would publish my view and analysis of the EURUSD Market - I'll post new analysis of a weekend in the replies section below

I've watched, Invested and traded the markets for the past 25 years and specifically traded the markets for the past 10 years

The focus will be the EURUSD paring - Although I do trade other parings 

Details are on the chart - This is what I type on my charts every weekend so that I can form a logical and quick outlook for the trading week ahead

At present I will not be revealing the blurred out information

I take view from Monthly (not shown here) down to Daily chart time-frame - My view is that the DAILY price action drives WEEKLY price action and that in turn results in the MONTHLY price action being formed.  So my entire outlook and focus is based on the DAILY followed by the WEEKLY price charts based on Technical Analysis 

I do NOT religiously stick to my thinking - If PRICE action rubbishes my outlook then I adapt to price action and form a new opinion based on the facts of price action - PRICE is right and rules, my outlook is highly accurate but not 100%, there will be times when I am simply wrong!

I do this for the FTSE250, NASDAQ100 and Forex markets - Trading decisions are made based on the Individual charts (WEEKLY & DAILY) that form those indexes 

EURUSD WEEKLY CHART: Analysis for W/C 4th May 2020


EURUSD DAILY CHART: Analysis for W/C 4th May 2020


Link to comment
  • 5 weeks later...
  • 3 weeks later...
  • 2 weeks later...
On 03/06/2020 at 18:09, dmedin said:

Here's my analysis for this week, good luck (and I shan't be revealing the blurred out information)


🙂 I am sure that is an Elliott wave bat, or giraffe or something

  • Great! 1
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Posts

    • Sainsburys full year earnings and Unilever’s first quarter trading update both say the same thing, UK consumers are in for higher prices. The war in Ukraine, supply chain issues and the effects of ongoing Covid all to blame.      
    • US Dollar (DXY) Daily Price and Analysis US Q1 GDP may stall the greenback’s advance. A 20-year high nears for the US dollar. The multi-month US dollar rally continues with the greenback printing a fresh high today ahead of the first look at US Q1 GDP at 12.30 GMT. The US dollar basket (DXY) has been boosted by renewed weakness in the Euro and the Japanese Yen, as investors move from lower-yielding to higher-yielding currencies, while safe-haven flows continue to benefit the greenback. The US growth release later in the session is expected to show a sharp slowdown from the robust Q4 figure of 6.9%. The markets are currently pricing in growth of just 1% for the first three months of this year, with the slowdown mainly due to a reduction in inventory accrual over the quarter. This release is unlikely to move the greenback, unless there is a large miss or beat, as the Fed believe that 2022 US growth will be robust enough to let them tighten monetary policy sharply without damaging the economy. The latest US Core PCE data – the Fed’s preferred inflation reading – is released on Friday and this may have more effect on the US dollar than today’s GDP data. For all market moving economic data and events, see the DailyFX Calendar. The ongoing US dollar rally has been aided by weakness across a range of G7 currencies including the Euro, the Japanese Yen, and the British Pound. The Euro continues to battle with lowly growth expectations, exacerbated by energy concerns, the British Pound is mired by weak economic data, while the Japanese Yen is in freefall as the BoJ continues with its ultra-loose monetary policy.   The US dollar continues to press higher and looks set to break above 103.96, the March 2020 high. Above here the US dollar would be back at levels last seen nearly two decades ago. The March resistance will likely hold in the short-term, especially with month-end portfolio rebalancing at the end of the week, but US dollar strength is set to continue in the months ahead. USDOLLAR (DXY) WEEKLY PRICE CHART – APRIL 28, 2022 {{THE_FUNDAMENTALS_OF_BREAKOUT_TRADING}} What is your view on the US Dollar – bullish or bearish?   Apr 28, 2022 | DailyFX Nick Cawley, Strategist
    • While Tesla has nothing directly to do with Elon Musk buying Twitter - TSLA stock closed down 12% on news that Musk may have to sell stock and use other holdings to stand against the loan to finalise the purchase of the social media giant.        
  • Create New...