EURUSD is approaching its resistance at 1.1727 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where price could react off, causing it to fall to its support at 1.1596 (61.8% Fibonacci retracement, 100% Fibonacci extension, horizontal pullback support). Stochastic (55, 5, 3) is testing its resistance at 95% where a...
Sell below 1.1727. Stop loss 1.1784. Take profit at 1.1596. Reason for the trading strategy (technically): EURUSD is approaching its resistance at 1.1727 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where we expect price to react off, causing it to fall to its support at 1.1596 (61.8% Fibonacci retracement, 100%...
i think this is heading to the weekly mid range i point out there doing a kind of DB
Yes, probably. Price has reached the top of the current ascending channel. Couple this with the bearish divergence shown on the chart above, shorting seems like an easy choice to make. Or at least taking profit at this area if you have been long all morning like I have. The first target is shown. If the price reacts strongly to this resistance then it will be a...
The pair has completed the 1D correction as it tested (and marginally broke) the November 7 bottom. 1W is now calling for a full bullish reversal as you see on the curved pattern. 1D is already neutral (RSI , Williams, CCI, Highs/Lows) with B/BP = 0.0011 and ADX = 21.016, already pushing higher. 4H is developing a Channel Up (RSI = 61.755, Highs/Lows = 0.0049)...
EURUSD is approaching our first resistance at 1.1834 (horizontal overlap resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension) and a strong reaction might occur below this level, pushing price down to our major support at 1.1504 (horizontal swing low support, 100% Fibonacci extension, Elliot wave structure). Stochastic (55,5,3) is also approaching...
I work hard on this pair In my mind there are 2 possibilities : -Broke of the lower low and go meltdown -Validation of the second shoulder It's hard to tell now , so let's wait for more confirmation please : MSG ME FOR UPDATE ..
Possible long on EUR/USD , Target is 61 fib from last high to low.
After a sharp drop last week, the euro is trying to win back its positions. At the moment we see that the pair having found the resistance level near the mark 1.1520, turned and headed up. Now we are considering a variant of passing the price up to 1.1720 in the case of consolidation above the intermediate mark of 1.1630. Otherwise, a downward movement will be resumed.
EURUSD is approaching our first resistance at 1.1644 (horizontal overlap resistance, 38.2% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 1.1511 (horizontal swing low support). Stochastic (89,5,3) is also approaching our major resistance and a reaction below this level might see a...
EURUSD is approaching our first resistance at 1.1644 (horizontal overlap resistance, 38.2% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 1.1511 (horizontal swing low support). Stochastic (89,5,3) is also approaching our major resistance and a reaction below this level might see a...
WELCOME TO DACAPITAL TRADING!! EURUSD just started moving as expected, quick Timeframe breakdown for free and everybody. 4 HOUR Retested 3 times previous week lows and broke them finally DAILY Overall very bearish movement after taking out 1.185 Key Level WEEKLY Running towards Yearly lows with strong bearish price movement LEVELS SHORT @ 1.15189 SL @...
EUR/USD has been ranging for the third consecutive session with a slight tendency southwards. Despite moving above the 55-hour SMA early on Tuesday, the Euro failed to accelerate and thus back south at 1.1650. By this morning, the rate was trading near its one-year low of 1.15. Even tough technical indicators are steadily recovering, the price has failed to pick...
The word technical analysis is thrown around all the time. Whether it be related to a chart with 5 indicators and an animal shaped pattern, a randomly drawn 'fib retrace', or when a new trader identifies his first semi-accurate trend line... Well here is an example that I think may be more useful for some members here who look at charts to learn and get ideas...
Price is approaching our first resistance at 1.1640 (horizontal overlap resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension) and a strong reaction might occur below this level, pushing price down to our major support at 1.1530 (horizontal swing low support, 100% Fibonacci extension). RSI (21) is also seeing facing bearish pressure from our...
Our pair continues the downward movement after the statements by Fed and the ECB. The dollar is strengthened against the basket of major currencies, while the euro goes down. On the graph we observe that the price was trying to overcome the resistance level of 1.1630 and move upward, but went away from this level. We expect the price to go to the 1.1530 mark and,...