A timely update to the EURSEK chart with 2020 flows entering into play as widely anticipated. Lets start by reviewing the concerning Macro Map in the diagram: In the longer term, positional swings come down to a struggle between patience on the one hand and greed tendencies on the other. In this all-encompassing battle, economic strategy, though important in...
EURGBP is trading within a wide horizontal trading range. Yesterday the resistance of the range was reached and the market immediately got rejected. Today the price has set a lower high and just 5 minutes ago it broke and closed below minor support on 1H. I have my sell limit order placed on the retest of the broken support. Stop - 0.8997 Target - 0.891
The Euro has been on a short bull run on the stimulus packages announced in the last weeks. But now has hit a long term trend line and shows a strong bearish divergence on the RSI. It looks very oversold for a Daily chart on the RSI but also by its distance away from the cloud. If it breaks the Tenkan ( Yellow line ) It will move fast to test the Kijun ( Dark...
If we will look at the EURUSD on the younger timeframe it's inside the local upward channel. But the Head & Shoulders pattern is also there. And D3 candle looks like bearish. It was two lucrative ideas yesterday but today I don't see the entry points. So let's wait for the confirmation of Bullrun stop or its continue. Dear followers, the best "Thank you" will be...
morning, traders! EURNZD reached a key daily/4h structure. the market is overbought with divergence on 4H and chances are high that it will retrace. on 1H the price has formed a double top formation and broke below its minor support on 1H. based on that I entered short on retest. Goal - 1.7473 Stop - 1.7668 Risk - 0.5%
EURUSD has given a good rally after giving a breakout from symmetrical triangle pattern . As per chart pattern analysis , EURUSD has reached at the top to the rally , from Current levels we might see consolidation or small price retracement towards the downside in EURUSD. one can trade on short side with consideration of consolidation trend and after confirmation...
USDJPY has Breakout from Inverted Head & Shoulder pattern. it has achieved its first upside target while trending in channel pattern . before moving for target 2 which is resistance 2 , we might see some consolidation or downside in USDJPY before giving breakout . for confirmation, one can consider the channel pattern breakout for long or short trade in USDJPY Thanks
USDCAD has given a breakout from Descending triangle pattern . it was big rally on downside and now it is trading at very support level or end of downside rally . according to chart pattern analysis we might see some upside correction in USDCAD from current price level . trade for upside can be initiated with proper risk management and stop loss. Thanks
USDCHF has given a breakout from descending triangle pattern . we might see further long term downside in USDCHF towards the support level . it might consolidate at minor support level denoted by doted line. it is trading in channel pattern after given a breakout from descending triangle pattern ,which can be use for trend confirmation for downside . one can...
EURCHF Form a head and shoulder pattern at top and following the pattern price level shown down trend. according to chart pattern analysis, we might see further downside towards the support level as shown in chart . one can initiate the short position with proper risk management and stop loss Thanks
GBPJPY is forming the head & shoulder pattern at top . which is bearish trend signal . according to chart pattern analysis we might see down turn in GBPJPY towards the support level as shown in chart. short side trade can imitated with proper risk management and stop loss. Thanks
New Zealand Dollar has been one of the strongest pairs of the Forex market recently. As you can see on the chart euro has been under performing NZD since late March. Back in March it made a descending triangle top and broke it to the down side. Since then it has been trading in a trading range between 1.825 ish which was the previous support of the topping...
Post you're bias below, 20:09:50 (UTC) Thu Jun 11, 2020
EURJPY has broken the neckline that price has been supported by since May. Today I look to capitalise by entering a short position aiming to reach around the 118.900 level. Price action looks very bearish today with the last H4 candle closure (shooting star) being my confirmation to enter this trade. Price is currently resting on the 121 psychological however...
Downwards trendline, rejected at the 50 day moving average on the daily chart, the price is also at the 0.382 FB retracement point from the price high set 6 april to the price low 3 june. Looking at the broader picture it can consolidate around the 0.5 fib retracement point set in february to the april high before seeing more downside. EU countries are highly...
In addition to my previous post which was forecasting a test of 1.15000 and last years August 2019 resistance has demonstrated Euro residence on a risk off day with all major indices down (Airlines and Retail the dominant forces in the sell off). On a basis of euro stimulus and 2nd wave outbreak in the US this could be seen to be a golden opportunity to test the...