At the moment, against the background of a number of political events, the dollar fluctuates. Technical indicators demonstrate divergence and different directions. MACD has already left the histogram and is pointing up, although it is still located in the negative zone. Stochastic went into the overbought zone and soon we expect the lines to cross and move in the...
EURUSD reversed nicely off its resistance at 1.1825 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially fall further to its support at 1.1647 (horizontal overlap support, 61.8% Fibonacci retracement). We do have to be cautious of the intermediate support at 1.1741 (61.8% Fibonacci extension, 50%...
Price is playing around a critical confluence area. Chance to reject and move lower.
EURUSD is approaching our first resistance at 1.1826 (horizontal overlap resistance, 61.8% Fiboancci retracement) and price might potentially fall to our major support at 1.1646 (horizontal overlap support, 61.8% Fibonacci retracement). A breakout below our intermediate support at 1.1729 (horizontal overlap support, 38.2% Fibonacci retracement) might provide the...
EURUSD is approaching our first support at 1.1732 (horizontal swing low support, 38.2% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 1.1995 (horizontal overlap resistance, 50% Fibonacci retracement). A breakout above our intermediate resistance at 1.1839 (horizontal overlap resistance, 100%...
Chart annotated w/ analysis on the OANDA:EURUSD Note: Take not of current accumulation range for signs of re-distribution to continue current downtrend.
Weak Euro to go for short. This will break the trend line, but not the daily support. Euro could still go up with strong daily support below.
Took some profits of my position yesterday where I went long. Now should be seeing a nice pullback to around 1.17260 (61.8 FIB). We respected the trendline so I'll be going short. I'll be risking around 20 pips for a 100 pips reward. Nice 5 RR ratio.
EURUSD reversed off its resistance at 1.1837 (61.8% & 38.2% Fibonacci retracement, horizontal overlap resistance) where it could potentially fall to its support at 1.1647 (horizontal overlap support). Stochastic (55, 5, 3) has also reversed off its resistance at 96% where a corresponding drop could occur.
Resistance of key level. Chart tells the story. 30 pip Stop Loss
Based on the previous forecast, we observe that our alternative way has played out. At the moment, our pair has risen over 250 points in 7 days. We assume that the price will rush to the next level of resistance and reach the level of 1.1850. At the moment our technical indicators demonstrate mixed dynamics. However, we believe that the pair is directed toward...
EURUSD has broken out of major resistance-turned-support at 1.1719 (Fibonacci retracement, horizontal overlap support, Ichimoku cloud) and looks poised to potentially rally up to 1.1840 before 1.1968 (Fibonacci retracement, horizontal overlap resistance). RSI (89) sees multiple bullish exits signalling a change in momentum from bearish to bullish Trading CFDs on...
Long till resistance that i think will be met at 1.1820 R/R ratio of a little bit over 10
EURUSD is testing its resistance at 1.1728 (23.6% & 50% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance) where a reaction could occur, causing price to fall to its support at 1.1536 (horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 92% where a corresponding reaction could occur.
Sell below 1.1728. Stop loss 1.1823. Take profit at 1.1536. Reason for the trading strategy (technically): EURUSD is testing its resistance at 1.1728 (23.6% & 50% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance) where we expect to see a reversal, causing price to fall to its support at 1.1536 (horizontal swing low support)....
We can take a long here. Our MAs are showing a good buy signal that coincides with the breaking and testing of the descending channel we have been trading in for the past while. Ren MA: Green is above red, while red has crossed above blue during in time with the channel break.
EURUSD REMAINS WEAK WITH FURTHER LOSSES LIKELY The single-currency looks set to weaken further in the weeks ahead after the formation of a ‘death-cross’ at the end of last week, a negative technical indicator. The chart signal occurs when the 50-day moving average moves below the 200-day moving average, highlighting slowing momentum. The cross also occurred on...