The EURUSD structure remains unchanged for now, and as discussed last week the bulls are looking to be poised to push through 1.1800/20 levels at least from here. It seems like a meaningful bottom could be in place at 1.1213 levels and that prices should stay above that, going forward. Also note that a higher low at 1.1270 levels also seems likely in place last...
After analysis i think border is TP:1.14137, afte we can expect up trend.
EURUSD is approaching its resistance at 1.1506 (100% & 61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse down to its support at 1.1363 (61.8% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal may occur.
Sell #EURUSD #FOREX TP: 1.14101 SL: 1.14471 Enjoy and trade safe! #TRADING
Now with almost every major US economic news out the way that propelled the EUR higher, we can return to the monthly downtrend. EURUSD has rejected several times off of a major yearly level and friday this level held.
ASX bounced nicely off our first support level at 5390 (61.8% fibonacci extension , horizontal swing low support) where a further rise might occur above this level pushing price up to our major resistance at 5861 (50% fibonacci retracement , Horizontal swing high resistance). Stochastic (21,5,3) is also bounced off support where we might see a further...
EURUSD is approaching its resistance at 1.1506 (100% & 61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse down to its support at 1.1363 (61.8% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.
Price is approaching our first resistance at 1.1532 (horizontal overlap resistance, 23.6% Fibonacci retracement, 100%, 61.8% Fibonacci extension) where a strong reaction could occur below this level pushing price down to our major support at 1.1369 (horizontal swing low support, 100% fibonacci extension, 61.8% fibonacci retracement). Stochastic (89,5,3) is also...
EURUSD is approaching its resistance at 1.1513 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse to its support at 1.1340 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 97% where a potential...
Nikkei bounced off our first support level at 19017 (100% Fibonacci extension , Horizontal swing low support) where a further rise might occur above this level pushing price up to our major resistance at 20892 (100% Fibonacci extension , 38.2% Fibonacci retracement , Horizontal pullback resistance). Stochastic (89,5,3) is also testing support where we might see a...
The EURUSD finally dropped as expected and discussed earlier towards 1.1350 levels, to test fibonacci 0.618 support, before bouncing back. It is trading at 1.1380/85 levels at this point in writing, and could be preparing to push higher any time soon. Please note that immediate support could be noted as today's intraday low at 1.1342, followed by 1.1270 and 1.1213...
EURUSD is approaching its support at 1.1282 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.1437 (76.4% Fibonacci retracement , horizontal swing high resistance). Stochastic (89, 5, 3) is approaching its support at 2.3% where a potential bounce could occur.
With volumes dropping around these times, EURUSD remains more or less unchanged for now and is seen to be trading close to 1.1400 levels. Please note that probability remains for a drop towards 1.1350/60 levels before resuming rally. The lower degree wave counts remain the same with wave iii unfolding since 1.1270 levels. If the above structure holds to be true,...
The Breakout Opportunities system has just bought EURUSD at 1.14223. The system recommends entering this trade at any price between 1.14055 and 1.14393. The signal was issued because the EURUSD has broken its 24-hour high while our Speculative Sentiment Index was at -1.26701, suggesting that the EURUSD may have further to rise. A stop loss has been set at the...
EURUSD is approaching our first resistance at 1.1532 (horizontal overlap resistance, 61.8%, 100% fibonacci extension, 23.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.1369 (Horizontal swing low support, 100% fibonacci extension, 61.8% fibonacci retracement). Stochastic (89,5,3) is also...
GBPJPY is approaching its support at 139.88 (100% Fibonacci extension , horizontal swing low support) where it could potentially bounce to its resistance at 142.15 (100% Fibonacci extension, 23.6% Fibonacci retracement). Stochastic (89, 5, 3) is approaching its support at 1.7% where a corresponding bounce could occur.
Hi guys and Merry Christmas ! I post a recent idea which i have to Short EURUSD with a target of 1,10 and 1,09 in my bigger picture of economy. As you seen in the diagram the trend of EURUSD is a downtrend . The price levels of 1,14-,1,15 is a retracement level , the main target of EURUSD is 1,10 as you see also from the regression canal . Also DXY continues to...
Following the rejection at 1.1485, the pair has formed a new Channel Down on 4H (RSI = 51.975, Williams = -23.7939) that is very similar to measurements to the previous two that emerged after identical rejections within the 1.1450 - 1.1500 zone. This repetitive pattern shows that after an initial +0.66 - 0.77% rise for a Lower High we should be expecting a decline...