GeraldZhuang

GeraldZhuang

Hello everyone! We know as a market that the European situation is getting better, but unfortunately, there seem to be doubts in the market to continue to push. I found that there is a "V" pattern where the trend turns sharply from bearish to bullish. So, in my opinion, the price will continue to rise to 1.2266, the highest since January, until further...

GeraldZhuang

Hello everyone! After the correction last Friday, overall EUR / USD is still on an uptrend even though it is weakening. However, because a Double Top Pattern has been formed, it is possible that it will be corrected further before returning to the top. Also if the next data release supports the dollar, the uptrend could be delayed as it might confuse the market...

GeraldZhuang

Hello Everyone... Overall, the trend is positive ... news, sentiment, technical ... I am quite sure that the price will go up to the next resistance which is 1.22200 ... But as there is some strong support resistance and demand-supply zone, I suppose it will probably consolidate before it hits resistance ... Good luck! Always use stop loss to protect your...

GeraldZhuang

Hello everyone... Well, I don't find any news that will give a negative impact on EURUSD ... So I do expect the movement will continue upwards towards the closest strong resistance ... My Buy setup will be: ENTRY : 1.21720 TP : 1.22200 SL : 1.21490 Good luck! Always use stop losses to protect your equity and trade at your own risk. If you...

GeraldZhuang

Hi Everyone~! I found a nice Chart Pattern here in here, which is Bullish Falling Wedge I expect the price will go up. Here is my setup Entry : 1.20120 SL : 1.19860 TP : 1.21220 Good luck! Always use a stop loss to protect your equity and trading with your own risk.

GeraldZhuang

Hello everyone… As we can see, the price bounced off after reaching 1.18340 on Tuesday. And then the pair rose higher to the immediate resistance at 1.19900 and retreated to 1.19219 as support. As it closed at 1.19516 on Friday, I expect the price to go up to 1.20290 and even higher at 1.20570 which is the first key resistance here. If any subsequent candle...

GeraldZhuang

Hello all… Even though the Bullish Fundamentals are still strong, we can see that the structure has broken and turned bearish as we can see on the h4 chart. This is similar to 2 weeks ago, where the bears happened because of the increased yield and good news on the vaccine, and as we know the following weeks after that the bulls came back. We need to be careful...

GeraldZhuang

Hello everyone… Although the EURUSD peaked on Thursday at 1.22429, the currency pair has reversed sharply below the 1.2100 level. In my opinion, although sellers put up a decent fight, buyers are still strong too. I still expect EURUSD keeps bulls because I see the pair makes a nice wave and forms a buy setup, as we could see a technical bounce on the 1.20210,...

GeraldZhuang

Hello everyone… If you see my recent ideas, you can see me looking for long positions and nothing else. The reason I’m staying bullish on the EURUSD because I cannot see any change in major trends I think the pair will test the demand area on 1.20817-1.20888, before potentially setting the inverse head and shoulders for larger extensions to the...

GeraldZhuang

Hello everyone… I don’t see any change in EURUSD major trend, so my chart analysis is still the same as last week. I think the overall trend continues to remain bullish for the next couple of months Although On the two last days of this week, the EUR/USD drop and hit close to 1.2080, the pair regained the upside in the last trading session of the week, setting...

GeraldZhuang

Hello everyone… While we could see additional weakness following a daily close below 1.2000, it does not mean the bullish momentum is gone On Friday the EUR/USD forex market reversed up strongly overnight from below, and a bull bar closing on its high on the 4H chart. The EURUSD could potentially head toward 1.23+ in the next couple of months or so. Always use...

GeraldZhuang

Hello Everyone… I see EURUSD will move sideways here for a few more weeks… The market looks as if it is essentially stuck between the 1.20 as support and the 1.23 level as resistance As long as this uptrend stays intact it is most likely the pair break out again toward that 1, 23, even 1,25 Always use a stop loss to protect your equity and trading with your...

GeraldZhuang

Eurusd testing 1.21100 Area... If it breaks... Just Fasten Your Seat belt for skyrocketing toward 1.25XXX :)

GeraldZhuang

Hello everyone ... I believe the EURUSD major trend is still Bullish and far from over… I think it is going to make another run toward 1.21980 Resistance. It will be traded between 1.21510 on the bottom, and 1.22230 on the top If it breaks strongly above resistance, traders will expect another attempt to break above the next resistance. While If it breaks below,...

GeraldZhuang

Hello everyone ... Even though the EURUSD has turned downwards, the euro / dollar still has room to move up. In my opinion, EURUSD weakness will continue further in the near future. The next key Supply and Demand Level for EUR / USD lies around 1.19720, but we expect the market to retrace to around 1.21580 before continuing to the downside. At the current...

GeraldZhuang

In my opinion the EUR / USD pair is in a corrective decline which may continue in the nearest future. A steeper decline is possible if EUR / USD breaks below 1.2129, the lowest from Dec 21 20. To the downside, 1.20 levels below should be significant support, continuing to fall to 1.19 levels. But I think the pair needs enough catalyst to break below the 1.2...

GeraldZhuang

EURUSD completing Double TOP Pattern, entry Sell Now

GeraldZhuang

Hello everyone... On 31 December 2020 we can find head and shoulder form on h1, so that it's going down, but as you can see the major trend is still uptrend at least until the U.S. election settled, it is just a pull back because the closest key support price is on 1.21900. Unless EURUSD breaks above the support zone it will bounce back upward As price...