Trend is still down. Looking to sell if rejects either resistances.
-Monday=Markets reacted to Fed governor Jerome Powell's speech on Friday which knocked the USD lower. SPX makes a new high. While political turmoil in the Australian govt weaken the AUD but the recovered towards the end of the trading week -Emerging markets currencies were pretty weak last week with majority of them plus one percent -WSJ reports issues on...
Wait for confirmation at price level as per chart
Personal reference. Let's see how this plays out
Test of TL, potential for downside.
EURUSD is correcting after a leg up, and has met bullish divergence. We expect the pullback to head towards the key Fibonacci levels, before retracing to retest the channel highs. Entry: Upon a bounce off a key fib level, with bullish divergence on the MACD still in play. TP: 1.1849 SL: 1.1299
Our pair found a resistance level at the mark of 1.17 and is currently in the corridor between the levels. Technical indicators point to a purchase and long-term positions are preferable. We believe that the pair will go up in case of overcoming the level of 1.17, otherwise we will go to the lower bounds.
EURUSD is approaching our first resistance at 1.17445 (horizontal swing high resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 1.1529 (horizontal swing low support, 50% Fibonacci retracement). Stochastics (89,5,3) is approaching resistance where a reaction...
Price is currently at structure we could see a continuation and an end of the relief rally to retest the lows.
AUDJPY is testing its resistance where a reversal could occur. AUDJPY is testing its resistance at 81.79 (61.8% Fibonacci extension, 61.8% & 50% Fibonacci retracement, horizontal swing high resistance) where a reversal to its support at 82.57 (61.8% Fibonacci extension, horizontal swing low support) is expected. Stochastic (55, 5, 3) has reversed off its...
EURUSD is approaching its resistance where we expect to see a reversal. EURUSD is approaching its resistance at 1.1749 (61.8% Fibonacci extension , 38.2% Fibonacci retracement , horizontal swing high resistance) where it could reverse down to its support at 1.1529 (50% Fibonacci retracement , horizontal swing low support). Stochastic (55, 5, 3) is approaching...
On EUR-USD 4-hour chart there is e bearish divergence price/CCI with the breakout of the trendline support. Target area at 1.1420/1.1450 and stop loss at 1.1745/1.1750.
Buildup on short-term Support & Trendline. Rejection of higher price in the last 4 candles. Short the Breakout of the red Support or Wait for the first Pullback. Sky has never been the Limit The informations and the strategies discussed are NOT recommendation to buy, sell or trade any securities. They are strictly for educational and illustrative purposes.
Our pair have worked out the “inverted head and shoulders” pattern. The top is at the mark of 1.1320 and the shoulders are at the 1.1540 level. After this we can see a turn of the price. Therefore, we believe that the price will continue the downward movement. The technical indicators point to a sale. Therefore, we advise you to look for points to enter short...
EURUSD reversed off its resistance at 1.1748 (38.2% & 76.4% Fibonacci retracement, horizontal swing high resistance) where it could drop further to its support at 1.1593 (38.2% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) reversed off its resistance at 96% where a corresponding drop could occur.
Sell below 1.1748. Stop loss at 1.1836. Take profit at 1.1593. Reason for the trading strategy (technically): EURUSD reversed off its resistance at 1.1748 (38.2% & 76.4% Fibonacci retracement, horizontal swing high resistance) where it is expected to drop further to its support at 1.1593 (38.2% Fibonacci retracement, horizontal swing low support). Stochastic...
EUR USD / H4/ Technical Analysis Double TOp Formation
#EUR_USD just break the #Inverted_Head_Shoulders reversal pattern neckline at 1.1640 , and now #FIBER most probably will head to north within the next couple of trading sessions/days up to 10 days to hit TP targets of the #IHS at 1.1825 & 1.1865, before retrace back to the main #Weekly H&S pattern targets around 1.1200, 1.1000 & 1.0850 within the next couple of...