www.tradingview.com (If D1 candle closes below support, it will be bearish, but i am having an bullish expectation). Bearish also because 4H candles are below 200 EMA. lets wait for todays D1 candle to close.
I will aim to post one or two charts here per week. Most likely near the start of each week. Price on this pair has just passed our TP level for our short positions and then proceeded to reach the bottom of this longer term structure. We are now able to take a fairly safe long position. Our initial and main target is represented by the horizontal green...
Lack of fundamentals on Friday resulted in the Euro trading sideways against the US Dollar. Its movement was guided by the 55-hour SMA until an upside breakout occurred early in the Asian session. This strong upside momentum began when the rate reversed from the monthly PP and the bottom boundary of a four-month channel near 1.2290. Given that the Euro also...
Ascending triangle for EURUSD. After a breakout we will have big moves. I expect it will go up till Sunday, from next week it will start a downtrend
(short term view) EURUSD has bounced nicely from its long term ascending line after testing it and is approaching its 1st resistance at 1.2363 (100% Fibonacci extension , 38.2% Fibonacci retracement , horizontal overlap resistance). If price breaks past this level, potential rise in price to it’s 2nd resistance at 1.2434 (61.8% Fibonacci extension , 61.8%...
EURUSD has broken our long term ascending support along with falling below our ichimoku cloud. These are all strong signs of a potential drop from here. However, we're seeing major support at 1.2230 which is our 38.2% Fibonacci retracement, 50% Fibonacci retracement, 100% Extension and horizontal swing low support. This level would need to be broken to trigger a...
Tonight, we have ECB President Draghi speaking on the monetary policy and inflation. Expectation for the ECB to present statements regarding the end of Quantitative Easing program and the subsequent steps. This could bring the EURUSD lower, with a move for higher prices capped by the 1.2350 resistance level. If the EURUSD moves lower, I’ll be looking for...
The EURUSD exchange rate has resumed its recovery on Monday, with the greenback is again under pressure on the back of easing Treasury yields and rising global stocks. The price is back above the mark 1.23, trading within a striking distance from the 20-DMA at 1.2365. The short-term prospects for the single currency look relatively healthy, mainly due to the US...
Hey guys, As some of you have noticed, I have published in former publications the double top occurring on the pair. The pair should stabilize around 1.22/1.22400 as there should be a technical support from the double top pattern. Where to go from here ? Given the uncertainties which are linked to Italian elections in early March it could affect the EURO...
EURUSD : Pulls Back After False-Break of Resistance The EURUSD rotated down from 1.2520 key resistance last week, consolidating into the week’s close. Eurusd market is still in an uptrend overall but we are currently in a period of sideways / trading-range movement where price is oscillating between support and resistance, as seen below. Price is trading above...
EURUSD has broken major ascending support line triggering a potential drop. Our 1st resistance is at 1.2360 (Fibonacci retracement, breakout level) and a strong drop could occur from here to push price down to 1.2083 support (Fibonacci retracement, horizontal pullback support). Trading CFDs on margin carries high risk. Losses can exceed the initial investment...
Here you are a long view for EURUSD, This is a weekly setup and it will need some months/year to reach the target
Hey guys, Some of you following me know that I have been bearish on EUR/USD for a couple of days now. This is my view regarding the current situation. Cheers Jesse
I expect a pullback from 1.22700-1.22650, it will probably came back to 1.24800 next.
Just an idea, what do you think ? not a financial advice - trade at your own risks.
EURUSD has broken our major ascending support line and we can also see that it is below our ichimoku cloud. These are usually very bearish signs. We can also see that our long term ascending support line on RSI was broken which is also a strong precursor to a change in momentum from bullish to bearish. We do feel that there's major support at 1.2230 which has...
If GOLD will not break 1.400$, it should beging a bear market. Bear divergence - firsst goal 1.21 (support - main bull directrix)