EURUSD is approaching our first resistance at 1.1657 (horizontal pullback resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension) and price might drop to our major support at 1.1512 (horizontal swing low support). Stochastic (55,5,3) is also approaching our resistance where we might see a corresponding drop in price. Trading CFDs on margin carries...
Midterm forecast: 1.2090 is a major resistance, while this level is not broken, the Midterm wave will be downtrend. Technical analysis: . The RSI bounced from the downtrend #1 and it prevented price from more gains. . A peak is formed in daily chart at 1.1840 on 06/07/2018, so more losses to support(s) 1.1510, 1.1440, 1.1180 and more depths is expected. ....
Midterm forecast: 1.2090 is a major resistance, while this level is not broken, the Midterm wave will be downtrend. Technical analysis: . The RSI bounced from the downtrend #1 and it prevented price from more gains. . A peak is formed in daily chart at 1.1840 on 06/07/2018, so more losses to support(s) 1.1510, 1.1440, 1.1180 and more depths is expected. ....
EURUSD is approaching our first resistance at 1.1814 (horizontal swing high resistance, 76.4% Fibonacci retracement, 100% Fibonacci extension) and a strong reaction might occur below this level, pushing price down to our major support at 1.1734 (horizontal overlap support, 50% Fibonacci retracement, 100% Fibonacci extension). Stochastic (55,3) is also approaching...
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EU will go long for the short term sunday monday but my bias is short. Although it is sitting on a major support right now, my analysis leads me to believe that price will retest resistance and explore lower lows.
EURUSD show a nice double bottom setup, first target 1.17500 and if broke 1.18600, next target 1.20400
There are 2 possible situations that I believe are most likely to occur from here. Situation 1 - We either form a double bottom or bounce off of the very key monthly/weekly line of 1.145 before heading higher to around the 1.20 mark. What we would then have is a textbook head and shoulder pattern which would be a very good shorting opportunity. Situation 2 -...
After yesterday's press conference of the ECB, Mario Draghi announced the termination of the redemption of bonds, the euro's exchange rate has subsided. For one day, the Euro moved down for almost 300 points. At the moment, considering the chart, we see that the price fell below the level of 1.1630 and almost reached the level of 1.1530. We expect that during...
EurUsd has broken the support 1.1560. I think, Its good to go short on eurusd at: 1.1800 - 1.1830 Stop loss 1.1930 Tp1. 1.1550 Tp2. 1.1355
Right now. Take your hard earned pips and be happy.
Cup and Handle on the 4HR breaking out with C.M.F spiking positive buy pressure. While the volume might have decreased, I expect volume to kick in if the cup resistance is broken. Target for the Cup and Handle coincides with previous S/R lines. 2-3% Swing possible. Thoughts?
EURUSD is approaching our first resistance at 1.1814 (horizontal swing high resistance, 76.4% Fibonacci retracement, 100% Fibonacci extension) and a strong reaction might occur below this level, pushing price down to our major support at 1.1734 (horizontal overlap support, 50% Fibonacci retracement, 100% Fibonacci extension). Stochastic (55,3) is also approaching...
EUR/USD remained downwards-tended until mid-Friday when it reversed from the 100-hour SMA near 1.1740. By this morning, it has breached the monthly PP and the 55-hour SMA. It seems that the rate might still edge higher in this session, with the upper limit being the weekly R1 and an upward-sloping trend-line circa 1.1870. Advance above this mark is not expected...
EURUSD is approaching our first support at 1.1733 (horizontal overlap support, 50% Fibonacci retracement, 100% Fibonacci extension) where price might potentially rise our major resistance at 1.1799 (horizonal swing high resistance, 76.4% Fibonacci retracement, 100% Fibonacci extension) which coincides with our short-term descending resistance line. Stochastic...
The upside trendline has been broke clearly and retested. I expect bearish movements