Good afternoon, dear investors and colleagues traders!
Your attention an analytical review:#EURUSD / #EURUSD#4
Theme: Moment X for EURUSD, 1.15-1.18 or 1.09-1.07
•Technical analysis:
H1 (Technical) -H4 (indicative).
The currency pair continues to be in the downward channel, both local and global, even on the mini-timeframes we observe a downward channel.
Despite this, before the downward movement there are really important support areas:
- The lower boundary of the uptrend: 1.1150-1.1170;
- Fibonacci Support Area: 1.1170
- Support levels on demand: 1.1140;
Resistance zones are: 1.1260, 1.1280 and 1.1350;
Indicative analysis provides the following information:
1. A currency pair approaches the oversold zone on a 4-hour time frame.
2. The indicator of price behavior demonstrates that, the price is moving within the normal movement, in relation to the 4-day trend.
Indicators show a potential reversal for the currency pair.
•Trading scenarios:
--- Bullish script (Main).
If the currency pair can stay above the lower border of the ascending channel, we will get an excellent signal for entering in the medium term.
--- Bearish scenario (Secondary).
If the currency pair fixes the day below the lower border of the ascending channel, the scenario of reduction potentially to 1.10-1.0920 is activated.
!Attention:
These scenarios are medium-term in nature, this week is very important from the point of view of technical analysis.
•Global Variables:
• Volatility: Weekly = 185 points // Monthly = 221 points // Quarterly = 221 points.
(The inversion of volatility has disappeared);
ATRs show a return to the zone of average, standard values.
• Trends:
SMA (50,100,200) continue to grow - from the beginning of the month.
• Range Ratio: 186 points (Drop from 210 points).
Best regards to followers,
"Wermelgion & Partners"
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion & Co” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
Your attention an analytical review:#EURUSD / #EURUSD#4
Theme: Moment X for EURUSD, 1.15-1.18 or 1.09-1.07
•Technical analysis:
H1 (Technical) -H4 (indicative).
The currency pair continues to be in the downward channel, both local and global, even on the mini-timeframes we observe a downward channel.
Despite this, before the downward movement there are really important support areas:
- The lower boundary of the uptrend: 1.1150-1.1170;
- Fibonacci Support Area: 1.1170
- Support levels on demand: 1.1140;
Resistance zones are: 1.1260, 1.1280 and 1.1350;
Indicative analysis provides the following information:
1. A currency pair approaches the oversold zone on a 4-hour time frame.
2. The indicator of price behavior demonstrates that, the price is moving within the normal movement, in relation to the 4-day trend.
Indicators show a potential reversal for the currency pair.
•Trading scenarios:
--- Bullish script (Main).
If the currency pair can stay above the lower border of the ascending channel, we will get an excellent signal for entering in the medium term.
--- Bearish scenario (Secondary).
If the currency pair fixes the day below the lower border of the ascending channel, the scenario of reduction potentially to 1.10-1.0920 is activated.
!Attention:
These scenarios are medium-term in nature, this week is very important from the point of view of technical analysis.
•Global Variables:
• Volatility: Weekly = 185 points // Monthly = 221 points // Quarterly = 221 points.
(The inversion of volatility has disappeared);
ATRs show a return to the zone of average, standard values.
• Trends:
SMA (50,100,200) continue to grow - from the beginning of the month.
• Range Ratio: 186 points (Drop from 210 points).
Best regards to followers,
"Wermelgion & Partners"
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion & Co” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
