Piet.Hein

35+ Years Channel Still Intact

FX_IDC:EURUSD   EURO / US DOLLAR
1980 19 72
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?
Comment: The most nice thing about this channel is the proof of how technical analysis can and do work for long term studies.
Comment: Daily range analysis:

EURUSD Analysis
Comment: Breaking range boundary!

EURUSD end of the range?
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
:D
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Good one

EURUSD at trendline support
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Piet.Hein pete002
Amazing chart!
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Good Stuff.. but i am bearish EURO.. you need to look at the strength.. RSI is weak..
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Piet.Hein ForexPlug
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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Hi, mate! What was the currency of Euro back in the day?
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Piet.Hein InsideMarket
Hi! Was euro itself, before it came as cash, was only an electronic currency.
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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
great analysis, I agree with you
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modulus Piet.Hein
Thanks
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A great reminder
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:)
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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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Hi, before it came in cash it was an electronic currency.
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snapshot
hummm
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Nice alternative
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