The name euro was officially adopted in December of 1995 and replaced the former European Currency Unit (ECU) as the official accounting currency on January 1, 1999. It is the official currency of the euro zone, which consists of 19 of the 28 member states of the European Union. It is the second most traded currency in the world after the United States Dollar and the second largest reserve currency.
Hi guys,
The rejection of this H1 candle and at this level (1.24) tends to suggest that the right shoulder is about to end, favouring downside momentum for the pair and thus validating a nice ascending H&S pattern.
Should the neckline break (which I think will), the pair will likely re-test 1.23 and potentially could go lower.
My new target (and probably ...
EURAUD is testing its resistance area at 1.5997 (76.4% Fibonacci retracement, 61.8% Fibonacci extension, 50% Fibonacci retracement) where potential reversal may occur, causing price to drop to its support at 1.5923 (61.8% Fibonacci extension, 50% Fibonacci retracement). We have also identified another resistance at 1.6036 (100% Fibonacci extension).
Stochastic ...
Price is testing our first support at 1.234 (horizontal overlap support, 61.8% Fibonacci retracement). A strong bounce might occur above this level, pushing price up to our major resistance at 1.2395 (horizontal swing high resistance, 100% Fibonacci extension).
Stochastic (55,5,3) is also seeing a bullish divergence, a good precursor for a potential rise in ...
Sell below 1.5997. Stop loss 1.6040. Take profit at 1.5923.
Reason for the trading strategy (technically):
EURAUD is testing its resistance area at 1.5997 (76.4% Fibonacci retracement, 61.8% Fibonacci extension, 50% Fibonacci retracement) where we expect to see a reversal, causing price to drop to its support at 1.5923 (61.8% Fibonacci extension, 50% Fibonacci ...
EUR/GBP breaks above 21-EMA, hits 2-week highs of 0.8784, bias higher.
Pound tumbles on BoE Carney’s comments, EUR/GBP pair jumped from below 0.8700 overnight to 0.8770.
BoE Governor spoke about higher rates in the future and warned about Brexit risks.
Technical studies are bullish, RSI biased higher and Stocks show bullish momentum.
We see +ve DMI crossover on ...
EURUAD broke out of short term descending resistance-turned-support line and is approaching our first support at 1.5959 (horizontal pullback support, 23.6%, 38.2% Fibonacci retracement). A strong bounce could occur above this level, pushing price up to our major resistance at 1.6123 (horizontal swing high resistance, 78.6% Fibonacci retracement, 61.8%, 100% ...
Sell below 0.8797. Stop loss at 0.8837. Take profit at 0.8694.
Reason for the trading strategy (technically):
We see price approaching its resistance at 0.8797 (61.8% Fibonacci extension, 100% Fibonacci extension, 50% Fibonacci retracement) where we look to sell on strength. We expect to see a reversal, pushing price down to its support at 0.8694 (61.8% Fibonacci ...
Hope this idea helps!
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We are short on EUR because we have formed lower highs on the 1-hour chart. We are looking for the price to come back and test the resistance level and then head back down forming another lower high. Long terms support has been broken as well which indicates downward momentum.
Enjoy ...
Sell below 1.2350. Stop loss 1.2391. Take profit 1.2259.
Reason for trading strategy:
EURUSD broke out of its ascending support-turned-resistance line where we look to sell on strength at 1.2350 (23.3% Fibonacci retracement, horizontal overlap resistance). We expect price to fall all the way to its support at 1.2259 (61.8% Fibonacci extension, 78.6% Fibonacci ...
EURUSD is approaching our first support at 1.234 (horizontal overlap support, 61.8% Fibonacci retracement). A strong bounce might occur above this level, pushing price up to our major resistance at 1.2395 (horizontal swing high resistance, 100% Fibonacci extension).
Stochastic (55,5,3) is also seeing a bullish divergence and is approaching our major support ...
EUR/JPY is extending choppy trade between 100 and 200 DMAs, near-term bias bullish.
Technical indicators support upside in the pair. We see scope for gains on breakout at 100-DMA.
Break above 100-DMA finds next major resistance at cloud top at 133.42. Break above cloud will propel the pair higher.
On the downside, immediate support aligns at 5-DMA at 132.56 ahead ...
The Euro has depreciated substantially against the Pound Sterling since early March. This bearish movement was stranded in a descending channel. The pair was consolidating near the senior channel for a brief period of time last week prior to breaching the junior pattern and surging up to the weekly R1 at 0.8726.
Even though the medium-term pattern was breached ...
Price is testing our first resistance at 133.00 (horizontal overlap resistance, 100% Fibonacci extension, 50% Fibonacci retracement). A strong drop might occur below this level, pushing price down to our major support at 130.13 (horizontal swing low support, 76.4% Fibonacci retracement). A breakout below our intermediate support at 131.11 (horizontal swing low ...
EURJPY is approaching our first resistance at 133.00 (horizontal overlap resistance, 100% Fibonacci extension, 50% Fibonacci retracement). A strong drop might occur below this level, pushing price down to our major support at 130.13 (horizontal swing low support, 76.4% Fibonacci retracement). A breakout below our intermediate support at 131.11 (horizontal swing ...
Hello friends. Seems that EURUSD pair started its ranging movement in January , which was actually a correction from the previous run. In 5th of april it touched the trend line and bounced back up, with the 50 EMA as a strong support. I tend to say that this ranging movement is actually a flag on the bigger time frames like weekly and i expect to go up. Anyway we ...
Bitcoin just woke up today and had a huge boost in price. Take a look at the last candle...
What's your opinion about this "pump"?
What are the "news" and events that you consider caused such a huge increase in such a short period of time? (Please share your opinion with us in the comment section).
The volume is great as well and this can be the start of ...
Tron (TRX), one of the most hyped, famous and active altcoins in the past cryptocurrency market bull run, is trying to breakout now.
Several bullish signals on the charts:
- After going sideways for a while, most of the indicators are starting to turn bullish.
- Both on the daily and weekly charts the indicators show plenty of room for growth.
- The MACD, RSI ...
