1. moving averages are 20,50,100,200 and the 200 period MA is above all, 100, is above all except 200. 50 period MA is higher than 20 period Moving Average. Along with Lower Lows and Lower Highs in a downtrend this says the pair -EUR/CHF has been in a down trend. 2. Stochastics are oversold and losing momentum. IF you like my stuff please follow, like, share it,...
Bases: Fib. confluence with structure, Stoch RSI, Robust Trendline, momentum building, Stoch RSI14,14 2.92 on weekly chart. There was a channel, which was broken and stopped by a strong leg, but the trend is continuing, and after analyzing this chart, I think that it will form another channel. At the Level 1.06374 there is a lot of structure which is likely to...
Based On: Structure, Fibonacci levels, Channel, Stochastics, RSI, Momentum.. IF EUR/USD Reaches 1.3648. Economic Calendar events will effect this heavily, i am looking forward to a volatile day (TODAY:EUR Interest Rate, Decision, ECB Press Conference, US Nonfarm Payrolls, US Unemployment Rate, ISM Non-Manufacturing PMI ) If these events will be positive...
Based on Structure's and Fibonacci confluence, channel,... If ADP Nonfarm Employment Change is better than expected and if Fed Chair Yellen Speach drives the pair up it could soon reach 0.89048 if these things don't drive up USDCHF it could still reach 0.89048 and then there would be a shorting opportunity. Then ==> I will open a short position...