As i am researching and putting more ideas to the Charts. They are communicating, and it seems we might see a Mirror (Duplication Movement) of the previous Structure, lets see. As well there is an Ascending Broadening Wedge, which we broke earlier, now pullback - tested the Resistance (previous support), as well the Hidden Bearish Divergence, all seems to give us...
As the market gets near to the March 10 - ECB Meeting, Technicals are hinting of weakness pressure building up. We have created a Bearish Cypher Pattern, along with Hidden Bearish Divergence. Earlier historical price strucrture with Hidden Bearish Divergence nature has always flushed down the prices. Would we see this time ? It surely looks like, with ECB...
Approaching an important support zone around 1.0820 Look for either a breach or a rebound from this zone. EUR/USD is trading in a range on the daily so I'd be looking for profits at the top or bottom depending on the reaction to this zone. Just a rough idea for stop loses and target profits. Good luck traders :)
EURUSD is expected to sink now. There are many reason why we feel it may sink. * Bearish Engulfing in WEEKLY Chart . * To sink and come near 1.0898 levels * Stoch RSI (3,3,14,Close) clearly states it may sink. * RSI (14,CLOSE) May not be of the same view. * CCI (20,CLOSE) may not be of the same view. Keeping in view the chart pattern we expect it to sink....
EURUSD is expected to sink now. There are many reason why we feel it may sink. * Bearish Engulfing in daily Chart . * To sink and come near 1.0884 levels * Stoch RSI (3,3,14,Close) clearly states it may sink. * RSI (14,CLOSE) Is also of the same view. * CCI (20,CLOSE) Is also sinking. Keeping all the above indicators in view along with the chart pattern...
In the long-term preferred option are long positions with the objective to 1.1376 and 1.1495.
In the last few hours we have witnessed a test of support at 1.10, but the supply side has not led to its break. Currency pair found support at 1.0990. In the next few hours, it is possible to again attack the supply side and on the results of the test 1.10 level will determine the future direction of trading Eurodollar. From a technical point of view, demand...
Declines have occurred during Monday's session, they stopped in the important area of support levels extending between 1,10-1,1045. Currency pair at the moment is close to the 1.10 level. As you can see in the chart below fracture / in support may lead to declines in the vicinity of 1.0945 and 1.08. Therefore, I expect in the near future activation of demand-side...
Great opportunity here to long Euro -Bull trend -Really strong level of support here at the 0.5 fib retracement -This area is also a previous support level on a number occasions if you look left -Stops just below the 0.618 retracement -Two tweezer tops/spinning tops here where price action is now -This usually means consolidation for a move and I think potential...
The outlook for EUR / USD: Declines have occurred in the last week, we can be treated as a correction to the earlier increases. Currency pair found support at the levels of 1.1066 and 1.1071, which from a technical point of view we can consider the formation of a double bottom. Considering the reaction of the demand side during Thursday's and Friday's session, I...
EURUSD is expected to sink now. There are many reason why we feel EURUSD may sink. 01. It has not sustained quarterly buy level. 02. Bearish Engulfing pattern in daily Chart. 03. To rise and clear quarterly targets it has to come down to gain momentum for up move. 04. Stoch RSI (3,3,14,Close) clearly states the EURUSD may sink 05. RSI(14,CLOSE) Is also of the...
During Thursday's session exceeded the supply side support at 1.1090, however, missed the chance of turning toward the minimum at 1.1071 proved short-lived. Currently we are in the vicinity of the level of 1.11, and it seems that the growth scenario that I presented in the last comment is not completely negated. Certainly the situation on the demand side would...
The technical situation on the main currency pair almost does not change. According to what I wrote in my last comments, the baseline scenario still remains a variant of growth. This in turn means that the demand must defend support at 1.1090 and lead to increases in the direction of the resistance levels of 1.1160 and 1.1246. In the longer term I expect gains...
Hello, traders! Make sure you watch the whole video of me talking nothing ( giggle ), so you get a better picture! Link - youtu.be Good Luck and thanks for your Like!