Ever since I began trading forex it's been apparent that the EURUSD would be the most frequent go-to pair. After all, I live where one of the currencies is relevant (due to my novice understanding of the economy, not because I reside). So this is what we'll do. We'll examine the market from a long perspective and devise a reasonable target. We're going to go...
EURUSD Weekly and daily chart shows bearish signs, TP1: 1.23 TP2 : 1.21 For safe trade just take your profits at 1.23
EURUSD has fallen away from the highs of 1.25 with a loose double top There are two key take profit areas - one on the support trendline and the other at a supply zone. Once the market has reached this area, the sentiment could be become bullish again, looking at the weekly chart, this could be a great place to load in long term buys.
The strong bullish momentum that prevailed in the market last week allowed the Euro to hit a new 2015/2018 high of 1.2550 against the US Dollar early on Friday. This sentiment did allay during the following hours, thus leaving the rate at the psychological 1.24 mark on Monday morning. It is expected that this latest wave down was just a minor correction against...
Hey guys, I published this weekend the idea of having a double top formation on EUR/USD. It seems the idea has been confirmed. To complete the pattern, I am now looking for the pair to test the 1.22 area which is a strong support. We had an impulse and we are in a correction phase. I am not excluding further down pressure because of DXY rebound and EU...
EURUSD has broken our long term ascending support-turned-resistance line signalling there's a strong potential for it to turn bearish. However, there's one more major support at 1.2230 that needs to be broken to trigger a potential bearish move towards our next major support at 1.2074. There's still good downside potential on Stochastic too so keep an eye out on this idea.
Perfect 2618 setup on the EURUSD pair. Double topped retraced and ready for short. RSI overbought with signs of divergence. Good RRR 3:1. Long-term bullish EUR. Short term USD can gain some strength. Good Luck
Weekly chart: bear divergence with goal 1.21 (support of main bull directrix)
Hey guys, Yesterday's close was important for the pair and suggests that it could have reached a top at 1.25. This level has been tested many times unsuccessfully and RSI DAILY and RSI WEEKLY show a bearish divergence. Besides, we have a bearish engulfing candlestick on the daily. Fundamentals (Italian elections to come in early March + Brexit) also...
Happy Chinese New Year & US President’s Day Back from a short CNY break, you will notice the narrow range which the market is trading in for today, primarily due to the Chinese and US market being closed today. Since my last analysis, we saw the USD strengthen against the major currency pairs, as the S&P 500 shows signs of reversing its recent gains. Due to a...
Major resistance : 1.2537 Intermediate support : 1.2321 Major support : 1.2230
I'm looking for USD straight this week. my small sell order is at 1.2450 sl above wR1 if you are a conservative trader wait for a break and close below wP and blue trendline.
just an idea what do you think ? please leave comment Fxg not a financial advice - trade at your own risks
1) Price touched the big falling trendline 2)Price formed a Double Top right at this Trendline 3)RSI confiming a Divergence and indicating that price might go short here I just want to see a break n close through the light blue s/r zone here . I have enough confirmation by the 3 points above for a short now i just need this last push down breaking the structure...
Recently we've seen some odd behavior by the Euro in most currencies, but in great timing it has left us a few clues to determine its true direction for a long and profitable trade. Right now you can see in the 4hr chart, I've outlined a curve under the candlesticks . The curve represents the gradual change of the price starting the beginning of this month...
The EURUSD pair continues moving upwards on Thursday and reached 10-day highs above the 1.25 threshold recently, where the price met some supply on the back of a local USD demand. The euro has already recouped last week’s losses and looks set for further gains amid the persistent dollar weakness and growing expectations that higher euro area inflation will force...
Simple. Target will be achieved in 12 hours