this is for illustrative purposes. There is no solid TA to support where it will bottom but an upward trend is the long term 10 year outlook would support.
long term indicators show we are reaching long term support(5yr) a flat upward trend is forming with a compression right before a bounce. comment your thoughs. I am long
Year-long bottom support at current positioning with an upward trend. Historical muli year resistance zone reached. Rebound upward is likely within the next few days. Volume and MACD are neutral and supporting the hypothesis of a natural progression.
Double top pattern formation (black arrows) Compression at the weakened resistance level. Both MACD and Volume show weakening trends with the rebound trajectory short. Cup and handle forming with the handle on the right side of the chart we. We will lose long term support over the next few days
historical resistance bands. shows short. Volume and MACD show static consistency atypical to recent uptrend. Expect a downward trajectory over the next week.
5 year history shows all time highs drop and bounce between a defined space. Take profits within the boxes. My stance: Short in long term. Long in short Term.
we are close to resistance line. will short in the next day or two to previous levels as indicated by the dotted line
Short sentiment over the next 6 days. Key notes: support on upper peaks show trend. Support line for historicals show peak is being reached. Resistance levels show downward trend. Unlikely to break purple top line as long term historical resistance (3+ years)
A Compression pattern is forming with an upward bounce. upward sentiment is building.
Analyzing a horizontal compression pattern to determine future movement. Looking at MACD and Volume to support prediction. MACD indicates a possible downward bounce and Volume is lowering into the weekend as expected but over the course of the week volume has lessened intensity. All three of these combined trends are suggesting support is weakening and over...
We are about to hit historical resistance lines again. The blue horizontal bars indicate long term historical support and resistance. the top red bar is short term resistance and lower green bar is short term support The middle green bar indicates a conflict zone. 126.487 is the top end conservatively before trending back down and pushing through the conflict...
Long and short term analysis of trends show EURJPY to be short over the next few days after failing to break resistance twice it should retouch the its support. predicted price point is for the 25th at the fib circle.
short term chart analysis shows no long term upward support and bouncing between resistance and support lines. overall trending down. Suggest max TP at fib circle around the 22nd