EURUSD is approaching our first support at 1.1714 (ascending channel support, horizontal overlap support, 100%, Fibonacci extension, 23.6%, 38.2% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 1.1848 (horizontal swing high resistance). Ichimoku cloud is also showing bullish pressure in line...
I THINK THE EURUSD PAIR WILL BEGIN A TREND REVERSAL HOWEVER WAIT FOR CONFIRMATION EITHER WAY, IT COULD VERY WELL CONTINUE ON THE UPTREND.
The pair is approaching a major resistance level off 1.18387, this has caused a lot of volatility in this pair previously and I am personally thinking that there will be at least a 50 pip drop when it hits this level.
Hello Traders, In this chart, I have defined Monthly and Weekly Support and Resistance Zones. The reason I define the time frame of S&R is because the higher time frames hold more strength. The reason for this is because there are larger institutional players in the markets at these levels and in some cases, governments and central banks. With that said, here...
EURUSD has broken the 1D Rectangle (RSI = 61.651) but remains within the neckline of the Inverted Head and Shoulders on 1W. The 1W Resistance is at 1.1850 and since the long term trend remains bearish, the price should now reverse back inside the 1.1510 - 1.1730 Rectangle. So far, the price has been rejected twice near the 1.1730 mark, which if left intact on the...
EURUSD has found a very clean line of support from 1.1530 Currently buyers are in control We are oversold on the 2hr RSI We have support from the 50MA Upside targets for this particular trade is 1.20 which has been a key level in the past. Looking at the previous supply and demand zones, upside could reach the 1.22 / 1.24 area. Until we break this support...
The EURUSD pair faced resistance at 1.1800 levels as expected on Friday before reversing sharply lower. EURUSD bulls seem to get caught in a trap, after prices broke above 1.1745 levels, taking them in the long side. Believe it or not, after changing our stand from bullish to neutral, we continue staying aside for now until the structure gives further...
EURUSD is approaching our first resistance at 1.1787 (horizontal swing high resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.1622 (horizontal swing low support, 38.2% Fibonacci retracement). Stochastic (55,5,3) is also approaching our major resistance...
EURUSD is approaching our first support at 1.1698 (ascending channel support, 100%, Fibonacci extension, 38.2% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 1.1852 (horizontal overlap resistance). Ichimoku cloud is also showing bullish pressure in line with our bullish bias. Trading CFDs on...
The Breakout Opportunities system has just bought EURUSD at 1.17824. The system recommends entering this trade at any price between 1.17539 and 1.18001. The signal was issued because the EURUSD has broken its 24-hour high while our Speculative Sentiment Index was at -2.1791, suggesting that the EURUSD may have further to rise. A stop loss has been set at the...
We see that the pair easily overcame the resistance level of 1.1720 and the new one is near the 1.1790 mark. Against the background of the weakening of the reserve currency, this pair demonstrates the upward movement and we believe that it will continue. The Stochastic is currently in the overbought zone and for now feels comfortable there. Despite the average...
The EURUSD pair broke above its consolidation structure towards its medium term outlook which is up. Our alternate count of a wave B lower did not materialize for now but prices have moved towards the projected direction. Please note that EURUSD is trading extremely close to the fibonacci 0.382 resistance of the entire drop from 1.2570 through 1.1300 levels....
QE is stopping the next weeks, so supply of euros should fade. In my opinion we will reach the psychological level of 1.20 again in a few weeks, maybe earlier. Have a nice weekend yall
EURUSD is testing its resistance at 1.1781 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance) where a reversal to its support at 1.1607 (38.2% Fibonacci retracement, horizontal swing low support) could occur. Stochastic (89, 5, 3) is testing its resistance at 97% where a corresponding drop could occur.
Sell below 1.1781. Stop loss at 1.1937. Take profit at 1.1607. Reason for the trading strategy (technically): EURUSD is testing its resistance at 1.1781 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance) where a reversal to its support at 1.1607 (38.2% Fibonacci retracement, horizontal swing low support) is expected....
EURUSD is approaching our first resistance at 1.1794 (horizontal swing high resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1.171 (horizontal pullback support, 100% Fibonacci extension, 50% Fibonacci retracement). Stochastic (89,5,3) is also...
Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.1300 would begin in Midterm. Trade Setup: We opened 8 BUY trade(s) @ 1.1677 (day close price) based on 'Vale & Two-day reversal candle' at 2018.08.27 signaled by DTO. Total Profit: 40 pip Closed trade(s): 0 pip Profit Open trade(s):...
Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.1300 would begin in Midterm. Trade Setup: We opened 8 BUY trade(s) @ 1.1677 (day close price) based on 'Vale & Two-day reversal candle' at 2018.08.27 signaled by DTO. Total Profit: 40 pip Closed trade(s): 0 pip Profit Open trade(s):...