At the moment, our pair has found the resistance level at 1.1480 mark and then headed down. Technical indicators point to a purchase, but we believe that the pair is now forming the head and shoulders pattern. At the moment, the second shoulder is being formed. Therefore, we advise you to wait for the end of the formation of the second shoulder and take short...
EURUSD is approaching our first resistance at 1.1532 (horizontal overlap resistance, 61.8%, 100% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.1369 (61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also approaching our major resistance...
Price found the 1.14500 level this week as a hard area to push past, overtime price got to the level it found strong selling pressure. For the most part price has been ranging between 1.1§300 and 1.14500 Two areas that I have got my eye on are firstly the lower Demand zone at 1.12200 when price found this area last, there was strong buying pressure and shows...
EURUSD berpotensi melemah dan membentuk low terbaru. Posisi yang di rekomendasikan sell. Silahkan dilihat pada gambar
Our pair rose to the level of 1.1480 and then turned around so that we observed a false breakdown of the level. At the moment, further movement in the pair should be taken into account. Despite the Fed raising interest rates, the dollar continues to weaken. Therefore, it is necessary to wait for a new breakthrough of this level. We advise you to enter the market...
Our pair rose to the level of 1.1480 and then turned around so that we observed a false breakdown of the level. At the moment, further movement in the pair should be taken into account. Despite the Fed raising interest rates, the dollar continues to weaken. Therefore, it is necessary to wait for a new breakthrough of this level. We advise you to enter the market...
The AUDUSD pair staged an impressive rally yesterday printing highs at 0.7148 levels before pulling back lower. Please note that in this process, an engulfing bullish candlestick pattern was produced on the 4H chart presented here, indicating a potential reversal. Looking at the wave counts, the Aussie Dollar had produced an impulse rally between 0.7020 and 0.7340...
The EURUSD almost rallied through 1.1500 resistance yesterday, before pulling back lower. The single currency is seen to be gaining momentum on larger time frames and 1.1270 looks to be a strong support now. It is seen to be trading around 1.1460 levels at this point in writing, looking to produce a pullback before resuming rally. Please note that any intraday or...
EURUSD is approaching its resistance at 1.1525 (61.8% Fibonacci extension, 50% & 76.4% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse to its support at 1.1390 (61.8% Fibonacci extension, 50% Fibonacci retracement). Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.143. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.149. TP4: R2=1.151. Set the stoploss of these orders at breakout of S2=1.141. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
The price has made a Double Top on the 30M chart a 1.1485 and has already been rejected. Technically if should fill the 1.1403 gap on 1H (CCI = 12.4859, Highs/Lows = 0.0000), which also concurs with the Higher Low spot on the 4H Channel Up (RSI = 60.440, Highs/Lows = 0.0028, MACD = 0.002). A break below this level should quickly test 1.1350 and 1.1300 in...
The EURUSD rallied through 1.1439 levels yesterday before pulling back lower again towards 1.1360/70 levels. It is trading around 1.1412/15 levels at this point in writing, looking to print lower towards 1.1350 levels before resuming rally. Structurally, the EURUSD could complete an up gartley at 1.1350 levels before turning higher towards 1.1650 and higher....
Despite the negative momentum EUR experienced this year, "now" it seem to have found support at ~1.13 zone and starting to reverse up. I think it has potential to reach ~1.2 by the July 2019. And if nothing good happen with US economy, next much stronger bullish impulse will come and next Christmas it will be traded 1.23.
AUDCAD have been trading within a muli-session bearish channel, Since this market broke out past week so i am expecting it to continue its downside possibly approaching the prior lows around 0.9500 -0.9450 area. Momentum all across the board is well lined up, watch this market for a break out as mentioned on the chart. Trade Safe! Thanks for your support.
Hey everyone, In anticipation of the FED being dovish for the USD in 2019, i think bulls are going to take complete control heading into the new year. Lots of volatility this afternoon, so watch your leverage! good luck Key Levels: 1.1519 1.16 1.14 (target entry)
What a lovely trade this has been :) As you know from the previous analysis, i made a counter trade Sunday night. Read about it in the previous analysis. I still have 70% of my long pos left here and i will keep it. Later today we have a FED meeting, which can cause the price to move very big coming days. Now i am wondering, was that bear trap done by people who...