KN_FXtrader

KN_FXtrader

The pair is in downtrend. Good level for short positions are 1.1000 and 1.1020

KN_FXtrader

The price tried many time to go over 1.5673 level. Buyers may have loose their power and a break below 1.5589 might lead the price to 1.5540 or 1.5488

KN_FXtrader

The price is going bearish at the moment. This is my target if te formation is comfirmed.

KN_FXtrader

We should wait the reaction of the price at this level, where 200mva and 50% fib level create a strong resistance area. If the price go above them a bullish move is coming. Otherwise this bullish trend was just a retracement and the price would move lower

KN_FXtrader

The price is now breaking the trendline with a strong bullish move. Higher there is the 200mva, where we should pay attention. In that level, we might see a small retracement. I think the 61.8% fib level or higher is a possible target.

KN_FXtrader

The price is in bullish movement from 21 July. It is creating higher lows (3 and 4) but also lower highs (1 and 2). This might be a signal that it is losing its power and this uptrend move might be just a retracement. If the price go below level 3, which is the previous low we might see a downtrend move towatds level 4 or even at 1.0811. We should wait the opening...

KN_FXtrader

My target is 1.0868. The currencies is taking to much pressure and i think it is a valid target.

KN_FXtrader

Based on candlestick patterns it is possible for the bearish trend to be conitnued. Let's see....

KN_FXtrader

The price is recently in strong downtrend. I am looking for resistance levels in order to place sell orders. My trading suggestion is the one showing in the chart.

KN_FXtrader

After the retracement the price has enter again the upwards movement. Let's see what buyers have in mind.

KN_FXtrader

The price is now retracing before going downwards agan. Key level for short positions 1.0902 and 1.0916

KN_FXtrader

The price seems to get ready for a bearish movement. We have to wait the direction of the breakout from the triangle, but i believe bears would pull the price at lower levels.

KN_FXtrader

We can see here a bearish doji. If the next three candles are bullish then a pullback to 1.1045 is possible. Otherwise, a breakout of the support level at 1.0915 could lead the price to 1.0815

KN_FXtrader

The pair is bouncing above the level of 1.0990. This seems to be a very strong short term support. We can also observe an H-S pattern. However i think the pattern is not able to move the price below our support level at the time and i think a retracement at the 38.2% is quite possible.

KN_FXtrader

The price brke the bullish trendline and seems ready to go higher.It is finding support at 122.90. We are waiting for candlestick patterns comfirmation.

KN_FXtrader

We should wait a breakout of levels 1 and 2. This breakout would also be a breakout of the triangle pattern.

KN_FXtrader

The price seems to start a retracement movement after its downtrend. Red areas are good levels for short positions.

KN_FXtrader

The price is holding above the level of 1.1142. It has now shape a doube Top pattern in 38.2% fib level. If the price go below the support area then the double Top pattern would win the battle, otherwise the support area might be a good level of placig long positions through 50% fib level, at first.