ZhiHoong

ZhiHoong

Even the price started to reject at 200MA but the major trend is still in a downtrend situation. We can see from the graph that a lower high started to form in last week, thus, we might see a continuous bearish in coming weeks. Also, take note that coming week is a holiday period of Christmas and New Year Fest, price action might react slowly.

ZhiHoong

Price started to be rejected on the resistance area and formed a downtrend. Current price is at a retest point, can enter a short position currently. This week need to concern about EUR & CHF news, might affect the price action.

ZhiHoong

Based on my own strategy which is not going to trade with news. Would trade after Japan GDP news published. But still , believe this currency pair will be bearish in a short period.

ZhiHoong

In 4H chart, we can see that the current support area is actually a resistance area in previous. Would believe the support area is a strong area in current situation, thus, seek for a buy entry at support area.

ZhiHoong

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ZhiHoong

Price started to form a uptrend from few weeks ago. The price has slightly rejected from a resistance area, would seek for a retest at a support line and place a buy entry at the support line (1.10017).

ZhiHoong

Seek for a bearish at the moment. Price started to reject from the resistance (Red Line), might seek for a continuous rejection and form a downtrend.

ZhiHoong

Price was going uptrend in last week. If the price break through the resistance area, bullish whereas reject from the resistance area, bearish.

ZhiHoong Updated 

Enter into market with the arrow mentioned on graph. Would seek for a bearish and TP at 1.88921. Might have a second entry when the price retrace back to 0.618 level (1.89572)

ZhiHoong Updated 

Seek for the price reject at the support area and TP at the trend line.

ZhiHoong Updated 

Will seek for a buy and TP at 1.29036

ZhiHoong

The volatility of this currency pair was quite strong in last week. In this case, if the price rejects at 0.382 (1.32759), can buy at this entry whereas if the price breaks through this level, it might be a short position for this currency pair.

ZhiHoong

In last week, price has strongly rejected at 0.5 (1.0835) many times. Enter with a long position when price rejects at 0.5 level again.

ZhiHoong

Short position

ZhiHoong

Start from previous weeks, the price started to form a downtrend due to the Double Top at a resistance level. Go for short position when a price rejection at 1.0514.

ZhiHoong

Obviously, it is a downtrend price trending in this currency pair. Seek for a retest at the Red Line and go for short.

ZhiHoong

From the graph, we can see that price has rejected from the Top resistance which actually is a Major Down Trend Line in Daily Chart. Besides, the price also retest at 4H Resisane (Purple Line 1.47082) and formed a down trend move. Next Week Forecast: 1. Seek for a retest at 0.5 as an entry. 2. If reject at 0.618, takes a minor long position which TP at 4H...

ZhiHoong

Seek for long position. Price has broken the trenline and could seek for a TP at the Blue area.