FX:EURUSD   Euro / U.S. Dollar
927 16 16
I find it quite useful to draw trend lines on a longer look back period RSI .On a longer period RSI such as I have here it's a good idea to have 2 other oversold / overbought lines, 65 & 35.You can see here that the Euro             last topped at and near 2 trend lines ,at the same time the RSI was close to the 65 level, also note the negative divergence between RSI point 1 & 2. Euro             began to turn down at point A and 3 RSI supports were broken. EurUsd             is now at a pivot and trend line support, near term upside target is 1.37.Failure to hold here could see the Euro             fall to 1.32 level near term.
......EU is still long term bearish & price below short term 5ema on monthly frame---daily frame shows last shorting opportunity with trend. On daily frame we have positive Trix momentum and bullish candle action ...likely price moves up to about middle of red averages short term

Agreed, waiting for a clear shorting opportunity here.
....middle of reds hit
....currently below KEY trend line
+2 Reply
+1 Reply
....support lines update

...no sign of a revesal on monthly and weekly frame, current candle action suggests further downside
DanV nmike
Not yet. There appears to be some more room to the downside still. Might last End of Jan/early Feb. The counts might extend but for now it seems OK
+1 Reply
...thanks for your input Dan.
DanV nmike
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out