EURUSD - Regression Channel points 1.17
Hi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
In today's analysis, here's a Forex update on the popular trading pair EURUSD. It's the last month of the year 2022; could we expect a Christmas rally?
📈 From a candlestick analysis , the Euro is looking to gain some ground against the Dollar with Three White Soldiers forming on the monthly chart.
📈 From a chart analysis / trend analysis , the regression trend that started in 2008 is still valid and the top of the regression parallel channel points towards 1.15 - 1.20
📈 From a technical indicator analysis, the RSI seems to be losing strength on it's way to the 50 mark and we'll need to see price action CLOSE over 1.08 to consider 1.15 resistance zone
Sideways trading immediate term seems likely
If you're interested in cryptocurrencies, check out this idea on ADAUSDT:
_______________________
📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍
We thank you for your support !
CryptoCheck
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
In today's analysis, here's a Forex update on the popular trading pair EURUSD. It's the last month of the year 2022; could we expect a Christmas rally?
📈 From a candlestick analysis , the Euro is looking to gain some ground against the Dollar with Three White Soldiers forming on the monthly chart.
📈 From a chart analysis / trend analysis , the regression trend that started in 2008 is still valid and the top of the regression parallel channel points towards 1.15 - 1.20
📈 From a technical indicator analysis, the RSI seems to be losing strength on it's way to the 50 mark and we'll need to see price action CLOSE over 1.08 to consider 1.15 resistance zone
Sideways trading immediate term seems likely
If you're interested in cryptocurrencies, check out this idea on ADAUSDT:
_______________________
📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍
We thank you for your support !
CryptoCheck
Discord Server
discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.