hey guys, ~ i'm anticipating a wave northwards due to the price action we saw last week ~ after a strong impulse we saw a corrective structure an indication of trend continuation ~ as of last week we saw the price breaking the trend line which was a strong one from past 3 months. ~ the price broke the middle band & the trend line indicating a trend reversal. ~...
Hello Dear Traders, 1.The pair is forming a descending triangle & a break below 1.0649 would open doors for 1.0620 & later 1.0580. 2.the pair's outlook is still negative & break above 1.0700 would trigger 1.0750. 3. News to follow today is Speech by the President on the occasion of the launching of the new €50 banknote at the E.C.B in Frankfurt, Germany. with...
Hello Dear Traders & Welcome to Growing Forex (Try Creating Pockets). The EUR/USD pair consolidates near its recent highs, having held below 1.0820 during the Asian session and now trading near a daily low of 1.0782 early London. Attention is centred on equities, sharply lower in the region after yesterday's Wall Street slump. The lack of progress of the Trump...
Bullish flag a continuation pattern indicating an upward acceleration unless price breaks the above resistance line at 1.0828 levels. A further move upwards is expected at the above resistance line at 1.0948 following again with the continuation pattern that would Trigger the long awaited target of 1.0978 & the second resistance of post us election thereby...