The pair has been trading sideways within a 1D Triangle (RSI = 49.782, ADX = 18.256, CCI = 16.9931, Highs/Lows = 0.0000) since early November's 1.1215 bottom. 4H is on a Channel Up that made yesterday its Higher Low and is currently rising. However its upside potential remains limited within the upper trend line of the Triangle below its 1.1440 previous Higher...
waiting for Long entry point. -DYOR -YTD Good Luck -YusufDeli
FOREXCOM:EURUSD looks to have broken into a new key level. The support and trend line has been slightly violated. The only hesitation would exist from the sharp down move. Usually when a sharp down move occur you get a bounce and it opens the door for the bulls to take over.
The Breakout Opportunities system has just bought EURUSD at 1.14355. The system recommends entering this trade at any price between 1.14165 and 1.14526. The signal was issued because the EURUSD has broken its 24-hour high while our Speculative Sentiment Index was at -1.23129, 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, 100%, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.1328 (horizontal swing low support, 100% Fibonacci extension, 78.6% Fibonacci retracement). Stochastic (89,5,3) is also...
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to complete the C wave and watch strong price action for buy.
This analysis is made on the 1h chart, the approach is more towards following the medium term trend of the pair. It is part of my day trading strategy and it will give a good overview and expectation of price movement for the following week. That said, things can change and it might not continue the long trend for next week, and consolidation might be longer...
At the moment, we observe that the pair is in the flat for a long time. We expect a medium-term trend to form soon for the pair. We believe that by the end of the month the reserve currency will begin to strengthen. Therefore, we advise you to look for points to enter short positions. Set your goals at the marks of 1.1310, 1.1280.
There is not much change in the structure from what was presented yesterday. EURUSD trades at 1.1365 levels at this point in time, ideally expected to stay above 1.1310 at least. As discussed earlier, a higher degree Wave (C) is looking to unfold into 5 waves in case of an expanded flat or 3 waves in case of a triangle. In either case, we expect prices to rally at...
The Tidal Shift Strategy has just bought EURUSD at 1.13952. The system recommends entering this trade at any price between 1.13804 and 1.141. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -1.11119, which suggests that the EURUSD could be trending upwards.The 14-period Average...
The EURUSD is seen to be trading around 1.1390/95 levels at this point in writing after having tested 1.1310 levels yesterday. Immediate interim resistance is seen at 1.1420 levels, followed by 1.1473 respectively. A push through these would be considered encouraging for the bulls to remain in control further. The medium term and higher degree wave structure...
NZDJPY bounced nicely off its support at 77.34 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 77.94 (50% Fibonacci retracement, horizontal pullback resistance). Stochastic (89, 5, 3) is bounced off its support at 5.8% where a corresponding rise could occur.
GBPJPY is approaching its resistance at 144.72(100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 143.36 (horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 91% where a corresponding reversal could occur.
With news allowing the break of resistance we are waiting for the retest to show the old resistance becoming new support for a long position. This allowing us to set up a nice trade.
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EURUSD have been quite choppy across the bigger picture at the moment, on a shorter term time frames, euro attacked prior highs yesterday and couldn't sustain the rally and fell sharply breaking down the short term uptrend line. For now i am expecting a consolidation to continue a bit to then further falls around the prior lows. Keep an eye on this market for a...
A little Butterfly (purple) has formed inside a larger Gartley (green) pattern... D Points are just pips apart, of course what it changes is the SL level depending on which one you want to trade. I've heard some analysts talking about a pullback to 1.1370 and then 1.1430 as the next target for the bullish move... Ds are just right there, so it does not hurt to...