Hello, As many of u know EUR is weighting almost 60% in USD index, so inverse EURUSD is USDEUR is almost identical to USD index, check chart. If we can forecast USD index correct, we can trade EURUSD 100% all the times, and this is the secret here, This chart is USDEUR VS USD index, We forecast a little push up in the USD index first, then a crash with...
We can open buy after pullback to buy zone 1.3070 - 1.30818
The second wave correction ended at the .618 retracement of 1 and 3 appears to have started. Prices on USD based assets should increase on an accelerated pace as the dollar loses value. This should be a sharp drop over the next few months to at least 1.6 times the drop in wave 1.
Key points : Bearish momentum, ABC pullback is about to complete.
CCI support + Stochastic buy signal Trend line approach.
On the right we can see that eurusd made a clear break of that support line today, but bounced back up even more. Suggesting a bear trap move. Usually when we see a trap move, the market continues in the opposite direction (in this case up). It could still just be a wick that went back above support, so it could be a simple retest of former support. But doesn't...
USDEUR In Hourly Time USDEUR Looking Bearish So Its Better Take Short Position Targets Are Mentioned In the Chart Hit Like & Folllow me for More Ideas... Thanks
USD is strong as a whole. USDAUD: as mentioned in my last idea "Forex Divergence Watch: USD Pairs 20190419", Bullish Divergence (Blue) has turned out to Crazy Bought (Lime) Crazy Bought(Lime) in 1H, 85m, Bullish Run in high volatility. USDCAD: is breaking out the resistance. USD Pairs being monitored: USDAUD , USDCAD , USDCHF , USDGBP , USDJPY , USDEUR Time...
Vice versa to what EURUSD is doing, we have a great setup for a descending triangle if you want to catch some p$ps!
USDEUR has high probability to drop, reasons: Overbought (Yellow) in 85m 2H time frames indicated by "9 Seasons Rainbow Multiple Time Frames Pattern PRO" Indicator; RSI Divergence Previous Resistance: 0.892 Previous ascending channel has been broken. Target 1: 0.884 Fib 0.618 Target 2: 0.881 Fib 0.382 Target 3: 0.873 Fib 0.236 STOP: 0.893 Some factor...
The previous 2 analysis worked out perfectly, using sentiment analysis instead of TA :). Fooling bulls and bears with making one trap after the other. Anyway, were in the price range what i was hoping to see again when making that analysis, so assuming the double bottom on the daily is still in play, we should a low forming in this range now the coming days....
So far it is moving against the trend, but it is starting to look like resistance has been hit already. So we might not reach that ideal trap zone as shown on the right. Don't know for sure if this is a bullish triangle or a wedge, but i think the green and red zone (the range), will probably give us an answer. For more info, read my previous analysis to...
My previous analysis i wrote the following: Ideally we see it drop towards the 1.122, making a higher low there and then seeing a big strong counter move straight through that resistance around 1.128. That would make it a false breakout once again, just like the ones i caught a few months ago. Those other times, we saw mostly SHORT on the EurUsd page here on...
The double bottom is still playing out, dropped a bit more than expected upfront, but it made a good bounce up so far. So coming week might be important for the mid-term. Small rejection so far from what seems to be a resistance zone. Ideally we see it drop towards the 1.122, making a higher low there and then seeing a big strong counter move straight through that...
On the usd/eur setup, I see price has reached a minor resistance zone. Delving into the lower timeframe, I see price makes a minor ascending channel with HH's/HL's. I am hoping price touches resistance zone and reaches first take profit.
EURUSD' has been having some struggles the last few months, with getting above the 1.15. each attempt got rejected with a push to the lows again. The past few weeks, we can still see there is no strength from the bulls, but also no real strength from the bears. This, fits right into the picture of a double bottom, So ideally, we see a drop towards the 1.125ish...