Piet.Hein

35+ Years Channel Still Intact

FX_IDC:EURUSD   EURO / US DOLLAR
1804 19 72
8 months ago
35+ years channel still intact. The lower channel did hold, amazing. But price still stuck in weekly range, now it should challenge last highs around 1.15. Notice that there is the highest monthly close in a year. Is a new bull cycle starting right under our noses?
8 months ago
Comment: The most nice thing about this channel is the proof of how technical analysis can and do work for long term studies.
8 months ago
Comment: Daily range analysis:

EURUSD Analysis
7 months ago
Comment: Breaking range boundary!

EURUSD end of the range?
lukeboland PRO
8 months ago
Not often you see a monthly channel look this pretty! Agree with the potential for a Euro bull cycle.
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Piet.Hein lukeboland
8 months ago
:D
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pete002
8 months ago
Good one

EURUSD at trendline support
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Piet.Hein pete002
8 months ago
Amazing chart!
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ForexPlug PRO
8 months ago
Good Stuff.. but i am bearish EURO.. you need to look at the strength.. RSI is weak..
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Piet.Hein ForexPlug
8 months ago
Thanks for the idea mate. I like RSI, but I prefer the roots of it, the momentum. RSI is just the improved formula, I like to keep it very simple. Momentum is confirming the bottom right now and also building up the upside breakout expectations, have a look:

snapshot
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InsideMarket
8 months ago
Hi, mate! What was the currency of Euro back in the day?
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Piet.Hein InsideMarket
8 months ago
Hi! Was euro itself, before it came as cash, was only an electronic currency.
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modulus
8 months ago
seems moving towards a new high. If the price crosses the 1.16 then the next high will most likely be 1.22.
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Piet.Hein modulus
8 months ago
great analysis, I agree with you
+1 Reply
modulus Piet.Hein
8 months ago
Thanks
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Lanmar PRO
8 months ago
A great reminder
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Piet.Hein Lanmar
8 months ago
:)
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CVF
8 months ago
The euro came into existence on 1 January 1999 . How is it that you have a chart dating from 1978? Please help me understand
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Piet.Hein CVF
8 months ago
Hi, before it came in cash it was an electronic currency.
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ahmedfx
8 months ago
eur usd
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TF.
8 months ago
snapshot
hummm
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Piet.Hein TF.
8 months ago
Nice alternative
Reply
den_m
8 months ago
eur/usd will turn of to parity soon.

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