After the daily close of yesterday, it became apparent that this pair isn't in much favor of an uptrend. I believe that this is an indecision retracement, price has already been rejected at the weekly resistance and 62% fib. It's formed it higher low and now its looking to either push for new highs or begin new lows again. This is a daily setup being monitored on the 4H.
Hi Traders,
Firstly, here on the four hour chart as our previous drawing indicated we wanted to see a break of that recent high and then they push back into the zone and all the way down to the local demand. Now we had this quite quickly, as you can see, we just taped up above the most recent high. It printed some orders there and then was followed by a very...
Here's what we know: We got to the top of our regression channel and just like every other time sold off at the top. QQQ volume was up 199% vs 50 day volume average today, giving it the highest daily volume since March 23rd. We undercut the regression channel for the first time since April 6th even though we bounced back today's wick was the first wick below the...
here we see euro use was trending upwards in the daily for a pretty long time then faced a reversal, the s&p 500 had a correction on monthly time frame and now looking for another bullish impulse so the dollar is pretty bullish and it has impacted eur usd.
what I'm expecting from thus pair is a finish to the choppy and a continuation to the downside toon to hit a...
14th Aug 2018
FUNDAMENTAL ANALYSIS
The analysis that follows in my discussion is quite deep, be prepared for some solid insight into the market for commodities, global economic analysis and the current situation of this 'trade war'. As such, I will endeavour to succinctly tie up fundamental and technical analysis to provide you with a good understanding of the...
Recently the pair broke out of Support T.L from May 30th but it still seems to be holding onto the 0.72 floor.Right now we're focusing on the short term scenarios for the pair so we are going to closely keep an eye on the recently broken T.L support and see if price comes off it treating it as support turned resistance or not.Another thing to watch out here would...
