developeralgo222

developeralgo222 Updated 

This week EURUSD has been on a roller coster after ECB Interest rate cut and QE start Shot up to 1.0967 then Dropped to touch the 1.0926 Lows and then spiked up to 1.0979 before finishing it off at above 1.1110. Now that the Speculators have baked their cake and eaten it too after ECB Dance , Have the EURO Zone Fundamentals changed ? Answer is NO, infact things...

developeralgo222 Updated 

ECB offered Rate cut plus QE , EURUSD short up 1.1069 then collapsed 1.0927 then short up 1.1081 . This a clear Speculators move during Major Interest rate cut news . Currently the DXY heading below 98.25 while EURUSD is heading to 1.1081. ECB is trying to weaken the EURO and every Global Bank, Hedge Fund & sovereigns know it plus the EuroZone economies are...

developeralgo222 Updated 

Technically EURUSD is in a Long-Term Bear Trend. The bounce looks to me to be a dead cat bounce due to 1. Oversold EURUSD and also Weakness of Dollar due a miss in ISM manufacturing number 49.1 The Eurozone numbers indicate an overall weakness with EUROZONE economies compared to US. With the World economies growth slowing, Most bond yields in Negative and US...

developeralgo222 Updated 

The King Dollar has been ruling the market subjects for the last 2 years . Are we now at the critical pain threshold such that its starting to hurt the US businesses. The Dollar is now overvalued by about 10% against the EURO and many other currencies since 2017. We did blast through 99.02 level and then retreated a little but the EURUSD collapsed like a...

developeralgo222 Updated 

The DXY was supposed to head to 99.00 handle before any correction comes due . Now we have achieved 98.91 area . We might shoot into 99.00 area but then collapse. US Govt administration and Markets wants the Dollar weaker. They say its too strong. its now becoming a tax to corporate business. The next levels for the dollar in the next 3-months -- 97.50 Area --...

developeralgo222 Updated 

In one week USD ( 3 days to be exact) , FOMC did more damage to the USD Dollar than the market could do in several weeks. TOTAL COLLAPSE == PANIC and i don't like buying or selling into Panics. So i will stay out of EURUSD and other majors for this friday. Let's live to fight another day. Let it confirm the momentum before we enter long EURUSD or other majors...

developeralgo222 Updated 

Up to test 98.40 and then 100.49 or Down to 95.54 and then 94.01 ? Decisions !!!!!! Decisions !!!!!!!! Even major institutional analysts can't agree on the direction of the US Dollar in the next 6 months. As the weekly chart shows , the dollar has been annihilated this week. it has been hit by a knockout punch from the US FED. Most analysts are revising or...

developeralgo222 Updated 

EURUSD Bulls were saved by the US FED FOMC Dovish stance and unchanged rate announcement after EURUSD Bears took out the previous Daily Low at 1.1202. We shot up to 1.1276. Now what ? it is ECB vs US FED & Trump -- Mario Draghi & ECB want a weaker EURUSD to deal with Slow growth, Tariffs and Trade war -- Trump wants a stronger EURO and a weaker USD i.e a higher...

developeralgo222 Updated 

its been a little volatile with EURUSD this week. so i have furiously been monitoring my trades 1. -- Completed Short Entry at 1.1306 , Exit at 1.1231 2. -- Completed Long Entry at 1.1219 , Exit at 1.1303 3. -- Active Short Entry at 1.1342 , Exit 1 at 1.1230 , Exit 2 at 1.1170, Exit 3 at 1.1000

developeralgo222 Updated 

Risks and slower growth than expected in EU implies we might revisit 1.1100 before we get any momentum -- BREXIT -- US-CHINA Trade War -- US-EU Tariffs -- US-MEXICO Tariffs -- New NAFTA Deal might not be ratified -- US Low Inflation and speculations of possible US FED rate cuts in 2019 As far as fundamentals are concerned , US Dollar was expected to fall...

developeralgo222 Updated 

EURUSD long has been triggered. Trade : EURUSD Long --- 1.1260 -- 1.1300 TakeProfit Target1 = 1.1350 TakeProfit Target2 = 1.1410 TakeProfit Target3 = 1.1467 TakeProfit Target4 = 1.1503 TakeProfit Target5 = 1.1535 Stop Loss = 1.1220 Let's go hunting

developeralgo222 Updated 

The EURUSD bounce from 1.1290s has put in about 200 pips clearly on USD Dollar weakness across the board . We can now bank that and take that fat profit off the table. But now the question "Can EURUSD fundamentally continue to rally?" . My answer is "NO" because of the head winds - US - CHINA Tariff talks - BREXIT nightmare - EURO Zone Economic growth is worse...

developeralgo222 Updated 

Today , DXY ( US Dollar Index ) Collapses or tumbles across the board before FOMC at 2:00 PM EST but mainly on the back of EURUSD driving it to the ground while other USD based currencies are muted but the EURUSD is flying now to 1.1430 and still climbing. i think the US Dollar Index will climb to above 98 due to global economic risks

developeralgo222 Updated 

Its once again time to Short the EURUSD. we have so far taken a good rally over 100 pips on the Long . So i think we can short EURUSD at this point. EU economies are struggling and that has not changed. Italian budget does not fix that. EURUSD Short: SELL Entry : 1.1390 /1.1425 Exit : Anywhere below 1.1350

developeralgo222 Updated 

EURUSD in turmoil mode and continues to tumble . Currently at 1.1287. Are we heading to test 1.1220 Area again towards the year end. DXY is testing the monthly Highs . Oh EURUSD !!! where do we go from here ? EURUSD Long from ffrom this large area of 1.1220/85 seems to be a good option with exit in the 1.1350 area . What do you think ?

developeralgo222 Updated 

EURUSD -- Downside Risk might be setting itself up . EURUSD might be consolidating to head lower. We have been bubbling up and down due to BREXIT and EU Data is very weak , The Global Economy is slowing down. EU fundamentals have not changed since last month . So what has been keeping the EURUSD afloat ? BREXIT and some slight good news that ITALY might cave in...

developeralgo222

EURUSD and GBPUSD are tumbling like a rock due to BREXIT & ITALY Budget . OIL included . Every Currency is running to the door. I guess we need to call them " TUMBLE WEED CURRENCIES " We just clocked about 90 pips from its highs a few hours earlier and still going for more. its a Dollar onslaught and No currency has been spared and no place to hide Stay...

developeralgo222 Updated 

The US Midterm results are in : We have a Split Congress --- therefore GRIDLOCK House = DEM Senate = GOP The US Dollar tumbled like a dead cat and still tumbling , no rescue from the DXY Bulls . This forced the EURUSD to rally violently. Our options: 1. If the US midterm EURUSD rally ( about 70 pips and change ) is just a reaction to US Elections then most...