Video

Kim Cramer Larsson
Areas covered in this webinar by Saxo Bank technical analyst Kim Cramer Larsson include EURUSD, USDJPY, GBPUSD, EURGBP, gold, silver, S&P 500, the Nasdaq, the Dax, the FTSE and the Dow Jones.
Day trade
/
Buy
Trade view / 03 May 2017 at 5:55 GMT

EURUSD tracks Keltner channel higher

Partner at 3 C ANALYSIS / 3cAnalysis
United Kingdom
Instrument: EURUSD
Price target: 1.1009
Market price: 1.0927
Background

Yesterday's indecisive neutral bias proved correct as for a second day in a row, prices were contained within Friday's parameters. But crucially, yesterday's higher lows were firmly rejected and the market closed near the top of modest net gains on the day. 

This price action does not create strong signals for sentiment but although a new six-month high was rejected in Asia, EURUSD is expected to continue tracking a bullish Keltner channel higher.

Management and risk description

A move to 1.0956 means the stop can be raised to break-even.

Parameters

Entry: buy in 1.0925/30 area and at 1.0906.

Stop: 1.0883 offered.

Target: 1.0956, 1.0982 or even 1.1009.

Time horizon: intraday, ending 1500 GMT.

Tracking channel
Tracking Channel
 
Asian high
Asian High
 
Long term
Long Term
 Source: all charts CQG. Create your own charts with SaxoTrader; click here to learn more 

– Edited by Gayle Bryant

For more on forex click here

Non-independent investment research disclaimer applies. Read more
A compiled overview of Trade Views provided on TradingFloor.com is found here
2y
FBT431 FBT431
Thanks
2y
Mira Mira
GM Alan
2y
FBT431 FBT431
Dear Alan do you have a signal for bullish trend still now?
2y
AlanCollins AlanCollins
trading very quiet so signals diluted somewhat. Nonetheless sticking with this. Stop in right place
2y
Cesime Cesime
EU consolidating till fmoc imo
2y
HaythamSabry HaythamSabry
Hi Alan, do you recommend closing this position at Entry price?
2y
Blange Blange
I'll wait and see what happens when US investors wakes up
2y
AlanCollins AlanCollins
Very boring markets tbh. Even greater lack of momentum than expected and so would be inclined to raise stop to today's low
2y
HaythamSabry HaythamSabry
thanks Alan
2y
Migueluchi Migueluchi
Thanks Alan

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