Forex VPS
Forex VPS
ForexFunction Logo

"Forex trading involves a high level of risk"

Forex VPS
 Market Comments |  Technical Indicator Signals |  Cross Pair Rates |  Live Spread |  Live Charts |  Daily Pivot Points

Never get bear-trapped by deceptive EUR/USD’s shooting star : FxWirePro | January 23, 2018

Print PDF

Never get bear-trapped by deceptive EUR/USD’s shooting star , trend likely to wedge in range only – Use DNTs to trade:

The minor trend of EURUSD -0.16% oscillates between range (refer 4H chart in the rectangular area), the current prices have slid below 7SMAs, price dips to drag further upon intensified bearish momentum & MACD crossover.

On a broader perspective, bulls in the major trend spike well above EMAs but the occurrence of shooting stars hamper buying sentiments. But for now, never conclude the signal in an isolation as both leading & lagging indicators signal strength in the uptrend. The technical study should always be substantiated by supportive calls. Thus, we think it is unwise to get bear-trapped by this shooting star .

Whereas the bulls tested supported at 7EMAs to bounce back, for now, the rallies seem to be extending further upon bullish EMA and MACD crossover.

Capitalizing on the long lasting range and shrinking IVs, we foresee this is the right time bid DNTs (Double-No-Touch digital options).

At spot reference: 1.2239 levels, contemplating bearish sentiment on intraday terms, on trading perspective, it is advisable to trade DNT’s: Contemplating both short term and long term technical of this pair, we recommended certain yields but a limited loss structure via double-no-touch optionality in next 1-week, EURUSD -0.16% 1w DNT 0.00% with 1.2299/1.2192 strikes (maintained 50 pips as a tolerance on either side of the range) – short volatility outright given the unquantifiable risk. However, shorting volatility and fading the spike in skew through limited loss structures (i.e. DNT’s) could be appropriate.

Currency Strength Index: FxWirePro's hourly EUR spot index is displaying shy above -77 levels (which is bearish ). While hourly USD spot index was inching towards 26 ( bullish ) while articulating (at 09:03 GMT             ).


Submit Your Comments:

 Forex Trading VPS


Windows 2008/2012 | Server Location Amsterdam, France, Canada | Low Latency From Brokers| Super Fast Trading Experience | All types of EA supported | 3 Days Money Back Guarantee

Plan NameBuy Link CPU RAM Disk BandWidth Price (Montly)Price (Quarterly)Price (Semi-Annually )Price (Annually) InstallationBackUpSetup Fee
Economy buy now2 Core 756MB 15GB 1TB $6.50/M$6.20/M$5.90/M $5.50/M MT4 Pre-InstalledYesFree
Standard buy now 2 Core 1GB 25GB 1.5TB $8.50/M$8.20/M$7.90/M $7.50/M MT4 Pre-InstalledYesFree
Premiumbuy now 2 Core 2GB 40GB 2TB $16/M$15.50/M$15/M$14.50/M MT4 Pre-InstalledYesFree
Advanced buy now4 Core 3GB 60GB 2.5TB $26/M$25/M$24/M $22/M MT4 Pre-InstalledYesFree
Professionalbuy now 4 Core 4GB 80GB 3TB $33/M $32/M$31/M$29/MMT4 Pre-InstalledYesFree
Business buy now 4 Core 6GB 100GB 4TB$46/M $45/M$44/M$42/MMT4 Pre-InstalledYesFree
Platinum buy now 4 Core 8GB 120GB 6TB $59/M $58/M$57/M$55/M MT4 Pre-InstalledYesFree
Diamond buy now 4 Core 12GB 180GB 8TB $89/M $87/M$85/M$81/MMT4 Pre-InstalledYesFree

***We accept Neteller, Skrill, MasterCard, Paypal, Payza, Perfect Money, Webmoney !