For starters, a review of last week’s forecast: The forecast for EUR/USD panned out almost fully – according to the experts and graphical analysis on H1, the pair was supposed to be in a sideways trend, rebound from the upper boundary of the channel early in the week, then drop and return to the upper boundary. Forecast for Coming Week Summing up the views of...
EURUSD develops in a descending triangle since week beginning with current range of 1.0795-1.0830. Breakout to the downside opens way for further decline down to 1.0720. Likely scenario is EURUSD closing above upper line of the figure at 1.0830 and rising up to 1.0900 , R1 and descending trendline projection (violet).
Price bounced off 9200 where the atr meets the 1/1 trendline of August 2015 - it crosses that barrier you need to grab ur longs are start buying at dips till 1.6-1.2
First, about the forecast for the past week: The forecast for EUR/USD was fully implemented during the first half of the week. According to graphical analysis, the pair first rose to resistance at 1.0900 and then went down, losing 200 points quite quickly. After that, considering the situation on stock markets, the pair returned to 1.0925, recovering the same 200...
First, a review of last week’s forecast: Despite the differences between the indicators and graphical analysis, it was suggested that EUR/USD would hold out in the range between 1.1000 and 1.0800 until the very end of 2015. The forecast panned out as the pair rose to 1.0990 on Monday and dropped to 1.0850 on 31 December 2015. For a second week in a row, only...
Daily perspective for EURUSD. - ABCD - 4 week range - Descending channel - Bearish overall bias Directional bias dictated on which way we breakout from this range.
First, a review of last week’s predictions: Graphical analysis warned that EUR/USD would first try to break through resistance around 1.0900 and go down after a couple of unsuccessful attempts. The chart shows that there were three such attempts actually, and one of them appeared to almost reach the target. However, all the efforts ended up futile, and the pair...
First, a review of last week’s forecast: The scenario for EUR/USD, backed by most analysts and the minority of the indicators, started to pan out. The pair spent some time in a sideways trend, broke through support at 1.0900 and went down. However, that movement was more sluggish than expected, and the pair didn’t reach support at 1.0700, stopping 150 points...
First, a review of the forecast for the past week: The publication of the last forecast for EUR/USD (a further rise and reaching 1.1000-1.1100) made skeptics say that couldn’t be right. Apparently, it could just as well. Already on Thursday, the pair got up to 1.1042 and reached 1.1030 next day, thus ‘scoring a brace’ in football terms. Forecast for the...
Ignore the noise and speculation, trade what you see: 4h candle above its 100 and 200 SMMA, with hidden bullish divergence indicated by the lower low on the RSI and the higher low on the chart. So based on this, I'm looking at a good re-entry point to add to my long position. I know a lot of people are charting out the big drop, but that's the sort of wishful...