After a 2-5 year decrease in the price of the pair, a major support zone has been identified (127.279) to reverse the downward trend.In the monthly timeframe you can find the new support zone had been earlier hit and the retracement can suggest a long bullish trend (from a double botttom perspective).Another bullish indicator is the breakout of the daily trend...
Both monthly, weekly and daily time frames show a breakout to the upside suggesting a bullish trend.According to my analysis a new definitive resistance zone is about to form. Therefore an upward trend to the previous resistance zone is a safe bet. I predict a buy signal to hit a take profit level of 1.888550 against a stop loss level zone of 1.82500
After a long bearish trend in which am proud to have benefited from.Sadly its time to follow the pips in a different direction my technical analysis show that a new support has formed around the price range 1.0920 and a long buy candle stick(which broke the current trend) suggest that higher highs (HH) and higher lows (HL) are about to form hence a good chance to...
Previously i had analysed this pair whereby i had a predicted a continuation of an upward trend from the newly formed daily support zone(107.000).My analysis predicted a buy signal to hita take profit level (TP)-109.379,which was successfully hit.However once my TP was hit a trend reversal to the downside occurred due to some factors -Central banks interest...
price has broken both monthly and weekly major support zones SELL TP1-122.525 TP2-120.423 SL-124.838
SELL TP1-1.05070 TP2-1.04637 SL-1.06234