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Greece

DAX downside scenarioIf we break down below 11,150, we'll likely see 10,786 and below on the DAX. It would likely find some initial support at the next order block and 161% fib extension of the recent upswing. Given that Greece decided to bundle its payments to the IMF, the uncertainty around this issue may drive this leg down. Until now, Greece had been all about "talk". Now that real action has taken place (i.e. bundling instead of paying mid month installments), the market may become vulnerable.
INDEX:DEU40Short
by RemixTrades
EURAUD Trending into Supply ZoneEURAUD received a big boost as the Aussie dollar practically cratered. The mild pullback in the dollar, along with optimism over the Greece turmoil, has boost the euro from it's intraday lows. Momentum on the intraday chart is looking to putter out. A 70 pip move is rather small for this pair, but see it as a reasonable pullback - but price action could continue north on the break of the supply zone. A close above this level would also correspond to price extension above the 200-daily EMA (Bullish). Initially, if EURAUD closes above the zone, upside target lies at 1.4385 and 1.4435. However, a pullback to 1.4235 is probable.
by CommoditiesTrader
EURUSD Not so fast! Technicals on the chart Fundamentals : US GDP was weak but blamed on weather. Fed's Williams: June rate hike would require 'good' improvement in labor market, inflation. We have some critical data coming up this week Non Payrolls. US nonfarm payrolls increased by 126,000 last month after a downwardly revised 264,000 rise in February, the smallest gain since December of 2013. Meanwhile, the jobless rate remained unchanged at 5.5 percent. . We should see a big improvement this month in nonfarm payrolls and should keep the pressure on EURUSD towards the downside. Combined with Greece problems that won't go away very easily. We also have GBPUSD elections coming up. The GBPUSD / EURUSD correlation should keep the pair downward pressure building in the short term.
Short
by workingtraders
2
What are the Critical Dates for Greece and the Euro?What are the Critical Dates for Greece and the Euro? 05/06/2015 Greece Auctions 26-Week Bills 05/08/2015 Greece Treasury Bill Matures 05/11/2015 IMF Loan Repayment Due 5/15/2015 Greece Treasury Bill Matures 06/04/2015 IMF Loan Repayment Due 06/10/2015 Greece Auctions 26-Week Bills 06/12/2015 Greece Treasury Bill Matures 6/15/2015 IMF Loan Repayment Due 6/18/2015 IMF Loan Repayment Due 6/19/2015 Greece Treasury Bill Matures 07/08/2015 Greece Auctions 26-Week Bills 07/10/2015 Greece Treasury Bill Matures 07/12/2015 IMF Loan Repayment Due 7/14/2015 Greece Government Int'l Bond Matures 7/14/2015 Greece Government Int'l Bond Matures 7/17/2015 Greece Treasury Bill Matures 7/19/2015 ECB Bond Repayment 7/19/2015 EIB Bond Repayment 7/20/2015 Greece Government Bond Matures 7/20/2015 Greece Government Bond Matures 08/05/2015 Greece Auctions 26-Week Bills 08/07/2015 Greece Treasury Bill Matures 8/19/2015 ECB Bond Repayment www.dailyfx.com
by TradeYodha
EURUSD: Pair at WAR. The pair is at war. US is trying to contain the value of USD against EUR otherwise US will loose an importante competitivity. On the Other hand, EUR was loosing ground because of the situation concerning Greece. Since the Tension with Greece appear to be not over but at least in a more relax environment, EUR is gaining power against US However, bare in mind that ECB has this unbelievable QE ttol in hand and yet the Central bank is spreading 60 Bio € in the market. Where as FEd has just and only the interest rate as a leverage and it is already very low. So short term the upside may be until 1.0978, but on the long run, it is still 1045 and bellow.
by Pashabxl
Bitcoin must fall (hard) before it can rise againHello Bitcoin has failed to break free of the downward channel that has held bitcoin captive for almost a year and a half. Yet again the resistance proved too strong, As the linear uptrend line was violently peirced in January I doubt that it will save us by serving as support. I think the price will bounce along the linear uptrend line around the 230s for a few days at most before spiking down hard and testing the new uptrend line around 160-175 depending on when it touces it. A similar testing pattern can be observed between 4th July 2013 and 1st October 2013 prior to the November 2013 rally. In july 2013 there was a capitulatory move down, 3 months later price spiked down again to test that trendline before beginning a new rally. Right now it has been almost 3 months since the capitulatory sell off to $151... Once the price touches the line it wont stay there for long. New buyers looking for bargain coins as well as the weak hands who will be well and truly shaken out of the market should catapult the price into the stratosphere. Fundementally the global economic conditions are extremely favourable to bitcoin. The problems in Greece & the Eurozone as a whole could be enough to make Bitcoin appear as a safe haven asset again but due to the overbearing downward channel resistance it needs to go down and hard before it can attract enough buyers to gain terminal velocity and escape the gravity of resistance so that we can head for the moon! uk.businessinsider.com www.telegraph.co.uk blogs.ft.com
BITSTAMP:BTCUSDShort
by Solarian
3
Opportunity in the bloodAs of now technicals are confirming a potential ab=cd that could be formed in NBG over the next few days if the bottom support range of 1~1.23 held providing an excellent 3.88 risk reward. Some upcoming catalyst: -Greece reform plans (April 8~9) -NBG quarterly earnings. 4/2/2015? I think it is quite unlikely that Greece will be leaving Eurozone (yet). Even if that does happen, I expect short term decline in NBG with a even larger potential chance of recovery in the future. This is a level that I'll accumulate more positions for 5 years or so.
NLong
by LastBattle
8
Gold Spikes – Price Action Back in Ascending ChannelGold climbs higher on traders looking for safety, albeit crude, equities, the ECB or Greece. As what was considered a year for the “secular” bull market to continue higher, 2015 is looking to start the year rather tumultuous. In “Gold $1,200 – A Line in the Sand,” gold began to form a descending channel after breaking through the previous ascending channel. I did not put much credence into the descending channel because there were several key support levels layered throughout. They, so far, have held. The two separate channels, interestingly, intersected at $1,204.5 – the 2014 open. Price action has closed above this level, and the geopolitical turmoil have spiked prices to resistance found at $1,224 per toz. Volume continues to show support, trading above the 20-day average. The bearish price action on the daily chart has been waning, and the + DMI bullishly crossed over the – DMI for the first time since late November. In regards to the directional movement indicator (DMI), the price action has been overly bearish since August. If momentum can be sustained, the + DMI would show increasingly positive price action for the yellow metal. The RSI has been ticking upwards after breaking out of the current downtrend. If gold can close above $1,224, look for prices to continue to $1,231 before hitting major resistance at $1,240 per toz. – a key point for gold prices. For more on precious metals, please visit: bullion.directory
COMEX:GC1!Long
by CommoditiesTrader
EURUSD SWING SHORTSHORT SWING TRADE he EURUSD is in a really good trend right now. It has been in this range on the 60m chart for the last 3 weeks trending lower. I think that this is a good trend and will be trending this way for the next week in the very least. The average trade swing length is roughly 36-60 hours with an average swing of about 100 pips. I will be going in and out of this trend SELLING ONLY (I don't feel comfortable buying this at all should it fall lower) This should be incredibly interesting to watch. Trigger Trades - Precision Trading
Short
by TriggerTrades
5
Greece ready to continue back upMy Elliott Count for the Greece ETF is looking ready for an upcoming bull run. I count us near the end of a wave ii, in an extended wave 3. As all us EW chartists know, this is an ideal spot for entering long, or buying call options. However, Here is a BEARISH scenario, where A=C and we are just starting the wave down.... This appears to be in sync with the National Bank of Greece (NBG) in which I have been closely following, here is a chart of that: Would love to hear from other Elliott wave chartists,
AMEX:GREKLong
by Nathanael
1
NBG Almost finished Double Zig Zag Wave 2NBG Long term Chart: I strongly believe we are currently in a corrective wave 2 of a long term wave C pattern that should complete near the fall, end of the year. What I previously thought was an expanding diagonal () now appears to be a double zig zag corrective wave 2. If A=C in the corrective zig zag, then we can retrace as far as 2.95, but using channeling, fibs, and market sentiment as a whole, I believe we might start to bend up before that, around the 3.09-3.18 mark. That would be a great LONG entry. If we dip below the bottom of wave 1 (2.90) then ALL BETS WOULD BE OFF, as wave 2 can never retrace more then wave 1. However, if this turns around when I intend, we should experience a strong wave 3 move to the upside soon.
NLong
by Nathanael
8