ThomasHa

ThomasHa

The price is above the Ichimoku clouds for 12 days and in the up trend approaching the $2.75 resistance level. Volume level is healthy (above 20 day average). However, stochastic is in the overbought zone. Will wait for a pull back and the stochastic in the oversold zone to enter a bullish trade. Will scale up if the resistance level of $2.75 is broken.

ThomasHa

Price has been above the clouds for 3 days. Tenkan-sen line crosses Kijun-sen line to the upside. However, stochastic is at overbought zone. The price is likely to retrace back prior to moving up. Watch for resistance level at $2.71. Price will keep moving higher if it breaks above this resistance level.

ThomasHa

Head and Shoulders pattern. Confluent with the Stochastic oversold. It is time to buy targeting $3.07 .

ThomasHa

The price has been rejected strongly from the resistance level. It is predicted that it will move to the next support level

ThomasHa

Price is trending down to the demand zone around 1.302 level. Wait for bullish signal and enter a long trade.

ThomasHa

PRICE IS SQUEEZING AT THE DEMAND ZONE AROUND 1.15237. WAIT FOR PRICE BREAKS UP AND PREPARE TO ENTER A LONG TRADE. AIM FOR REWARD TO RISK RATIO OF 2 TO 1.

ThomasHa

H&S PATTERN IS EMERGING ON 4HR CHART. PRICE IS LIKELY TO PULL BACK AND THEN MOVE DOWN.

ThomasHa Updated 

OVERALL TREND IS DOWN. PRICE IS FLUCTUATING BETWEEN 1.035 ZONE AND 1.066 ZONE. EXPECTING THE PRICE IS MOVING DOWN TO THE 1.035 ZONE. REWARD TO RISK RATIO IS ABOUT 1.5.

ThomasHa

The 0.707 level has been a strong resistance to this currency pair. The recent candle sticks are showing the price touching that resistance level and bouncing off. Looking for the opportunity to short.

ThomasHa

USD/EUR short term pulls back to the demand zone around 0.92 and likely to re-bounce from that level.

ThomasHa

The price moved up sharply last week and approached a critical zone. It might move side ways for few days here. My prediction is that the price will likely move up as the FED may raise interest rate in Dec.

ThomasHa

The price is approaching the demand zone between 0.98 and 0.99. My prediction is that the price will consolidate in this zone before the next move. If the price breaks to the downside then the next critical level shall be 0.965 and price may re-bounce from this level.

ThomasHa

As 1.23 level was broken last week, I expect the price will move all the way up to 1.29 level. However, the US election may influence the price movement.