Situation on EUR/USD looks bearish. Price formed weak formation(like H&S pattrn), from middle of April moving in down-trend, now is below MA 100,200; there is breakout of consolidating pattern. Index of dollar (DXY) looks like will continue rising. Now is near support lvl., if will breakout it will be confirmation of berish scenario.
The EURUSD pair is consolidating since printing highs at 1.1420 levels earlier. It could be unfolding as a combination (W)-(X)-(Y), and prices may re-test 1.1360 levels before resuming rally. Looking into the medium term wave structure, we probably have Wave A and Wave B in place already, with wave B terminating last week around 1.1340 levels. By most...
The Breakout Opportunities system has just sold EURUSD at 1.13617. The system recommends entering this trade at any price between 1.13448 and 1.13748. The signal was issued because the EURUSD has broken its 24-hour low while our Speculative Sentiment Index was at 1.33553, suggesting that the EURUSD may have further to fall. A stop loss has been set at the 24-hour...
Both TP = 1.1390 and 1.1440 hit as the 1D Channel Down (RSI = 36.115, MACD = -0.006, Highs/Lows = -0.0066, B/BP = -0.0123) extended as low as 1.1334, which is an ideal technical Lower Low for the smaller 4H Channel Down. We have to assume that this was a near 1W Double Bottom with the 1.1299 August low and until it is crossed, we can't be certain of downside...
EURUSD 1,1422/33 intraday key lvl in my opinion ( close above might be bullish ) , possible intrtaday demand around 1360/50 End of the month flow will dominates today ( if US comapnies want to transfer dollar in October casue of TAX reform they have to buy it today t+2 on spot )
The EURUSD pair had dropped to 1.1340 levels on Friday before reversing sharply above 1.1400 levels by close. This could be the first sign of a meaningful bottom in place around 1.1340 levels. It is seen to be trading close to 1.1400 at this point and could be preparing to push towards 1.1433 levels to break the initial price resistance on hourly chart view....
GBPNZD is approaching its support at 1.9593 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.9881 (38.2% Fibonacci retracement, horizontal swing high resistance). Stochastic (89, 5, 3) is approaching its support at 3.7% and there may be bullish divergence with price,...
extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.1611 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (55,5,3) is also approaching support and seeing a bullish divergence where we might see a corresponding bounce in price. Trading CFDs on margin...
EURUSD has bounced off support at 1.1340. Long term target of 1.1650. Good Lucj
Sell limit @ 1.22270 SL @ 1.229 Tp @ 1.1974
BUYLIMIT @ 1.19100 SL @ 1.18550 TP @ 1.21500
USD was overbought and needs some correction. Watch for buy: EURUSD, AUDUSD, NZDUSD Watch for sell: USDJPY,USDCAD What is your opinion?
Long EUR/USD looking good for mid term, a double bounce appearing at 1,3523 level may suggest an uptrend channel. This is a medium-term order. Time to buy EUR.
EURUSD is currently in a big correction. We have ending diagonal here watch for breakout and correction for a long trade setup to test the top of the range.
Hi All, Bullish Shark Pattern formation on EURUSD Daily Chart All the Fibonacci levels are on the chart. Overall Trend is bearish however, this is a very healthy RR pattern so will be entering gradually into this position. D point for Sharks are both the 88.6 of XA leg and also the 113 level. 113 Level has better confluence with the 224 Fib level, if we see a...
Looking for a change of the Euros Bullish trend into 2019. Long-term targets around 2017 lows of near parity with the US dollar. Near-term targets are from the 2017 - 2018 fib extension 61.8 around 1.12 flat & 1.0850. Stops should be kept above the current weekly ashi candle as we do not want to be in this if there is a weekly trend change. A breach of the 1.15...
Probably going to lay around 1.1320 again. Geopolitical instability is quite remarkable lately. Headed down ***As usual, not a trading advice. Merely my idea for informational and educational purposes only***