It looks it has more to go down, but we may correct in this range more, so it is tricky.
1.1440 may come as a PEAK POINT within nextweek. but also continue the oneyear decline period :DDD
If you followed my last article about EURUSD I thought that the EURUSD will target 1.1440 to continue the Shark pattern .. But I don't think that now because the up move is weak. EURUSD pair enter selling zone now it's near the upper side of the down-channel and near PRZ of the Shark pattern the selling is better than buying it. good luck
Megalodon has trigger green buy signals on EURUSD. Short term long positions opened.
Fundamental Analysis: While the message delivered by the Fed in it's last meeting was dovish and future path will be "patient" , the European economy isn't doing any better(Germany,France and Italy suffering from contraction), inflation not picking up towards Ecb's target, brexit uncertainty and the slowing global growth. Both sides are facing downside risks but...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.145. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.15. TP4: R2=1.1535. Set the stoploss of these orders at breakout of S2=1.144. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.145. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.15. TP4: R2=1.1535. Set the stoploss of these orders at breakout of S2=1.144. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1405. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.145. TP4: R2=1.1485. Set the stoploss of these orders at breakout of S2=1.139. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
Take a look at this chart.
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1405. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.1455. TP4: R2=1.1485. Set the stoploss of these orders at breakout of S2=1.139. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
So a sudden drop back down to 95.81 for the DXY on Friday saw almost everything push northward including the Euro. Technically it looks like this may be another attempt to reverse the downward trend from the beginning of 2018 and signal a new phase of Euro strength. That may be the case but we can see price has already 'rested' against resistance at 1.14025 and...
After suffering large losses on Thursday following disappointing datas and dovish Draghi , EUR/USD recovered all its losses on Friday and ended the week positively. I spotted a bullish engulfing candle on the daily chart which shows upside reversal. Next target for bulls is 1.142 ( January 16 high ) and 38.2 Fibo. , 1.144 and 1.15 psychological mark. Next...
Falling wedge with bullish divergence on a 2h tf
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.143. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.149. TP4: R2=1.151. Set the stoploss of these orders at breakout of S2=1.141. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...