Why you should not fade EUR strength. Weekly crosses and a bonus
EURUSD:
- Ichimoku is bullish. Maybe a bit extended as Price is far above Kijun.
- Heikin-Ashi is bullish, but quantitative tools show some deterioration in momentum.
Strategy: You may weight down (take some profit non) EURUSD longs, but it is defenately not a short play!
EURGBP:
- Ichimoku is bullish
- Heikin-Ashi is bullish, with healthy momentum
- Key support is at 0,8640
EURNOK:
- Ichimoku has mild bullish bias. Price is testing Kijun and Kumo.
- Heikin-Ashi is swing bearish, but momentum may drop.
- Supports are at 9,21 and 9,02 below
EURSEK:
- Neutral Ichimoku. Price trades exactly at 9,55-9,61 key zone
- Heikin-Ashi suggests a possible bullish reversal ahead!
Look to buy, rather then sell.
EURAUD:
- Neutral Ichimoku
-Neutral Heikin-Ashi
Future setup tilts towards bullish, but not the best long to get involved. (carry is also quite negative)
EURCAD:
- Ichimoku is neutral, with bullish bias 26 weeks ahead.
- Heikin-Ashi is neutral, which in this case means swing bearish momentum is slowly reversing to bullish, and this signal is happening right at Kijun Sen key support, 1,45+
Conclusions:
- You can reduce EURUSD longs a bit, maybe USD recovers some. But it's not a setup for short at all!
- EURAUD is a coin toss, no deal.
- NOK may perform if Oil is not collapsing, for now I don't see any reason to go long EURNOK yet.
- EURGBP: hold long if you have, but no good risk/reward entry at this level for new bullish positions.
- EURSEK: look for a buy signal on daily timeframe
- EURCAD: look for a buy signal on daily timeframe
And bonus combo:
- Maybe USDCAD can be the best short term buy for a swing long!
- Ichimoku is bullish. Maybe a bit extended as Price is far above Kijun.
- Heikin-Ashi is bullish, but quantitative tools show some deterioration in momentum.
Strategy: You may weight down (take some profit non) EURUSD longs, but it is defenately not a short play!
EURGBP:
- Ichimoku is bullish
- Heikin-Ashi is bullish, with healthy momentum
- Key support is at 0,8640
EURNOK:
- Ichimoku has mild bullish bias. Price is testing Kijun and Kumo.
- Heikin-Ashi is swing bearish, but momentum may drop.
- Supports are at 9,21 and 9,02 below
EURSEK:
- Neutral Ichimoku. Price trades exactly at 9,55-9,61 key zone
- Heikin-Ashi suggests a possible bullish reversal ahead!
Look to buy, rather then sell.
EURAUD:
- Neutral Ichimoku
-Neutral Heikin-Ashi
Future setup tilts towards bullish, but not the best long to get involved. (carry is also quite negative)
EURCAD:
- Ichimoku is neutral, with bullish bias 26 weeks ahead.
- Heikin-Ashi is neutral, which in this case means swing bearish momentum is slowly reversing to bullish, and this signal is happening right at Kijun Sen key support, 1,45+
Conclusions:
- You can reduce EURUSD longs a bit, maybe USD recovers some. But it's not a setup for short at all!
- EURAUD is a coin toss, no deal.
- NOK may perform if Oil is not collapsing, for now I don't see any reason to go long EURNOK yet.
- EURGBP: hold long if you have, but no good risk/reward entry at this level for new bullish positions.
- EURSEK: look for a buy signal on daily timeframe
- EURCAD: look for a buy signal on daily timeframe
And bonus combo:
- Maybe USDCAD can be the best short term buy for a swing long!
