The pair has swiftly moved downside on increasing volume while the price has also crossed and remained below 20 sma. RRR is above 3 in this trade.
Please see annotated chart for details.
Upmove is not strong. Price seems to be trying to move lower from the lower wicks. History shows there is an instant rejection level nearby. It will be a good LRE trade to short it. Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially...
82 level is a support zone. Now that it has broken, we would expect it to dip further down. The next support level would be at 81.18 or 80 Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before...
Key support of 1.295 broken Which make it a resistance zone now. Will be bear bias and look to short upon retrace. Looks like the only way is down. Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors....
Key support of 1.295 broken Which make it a resistance zone now. Will be bear bias and look to short upon retrace. Looks like the only way is down. Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors....
The effect has not kicked in yet, However I am seeing so long as the support at 1.63 holds this pair will go higher. 1.675 will be the tested resistance, should it get broken, it will fly up higher Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and...
Bullish so long as 1.25 level holds. Volume is not supporting the upmove therefore we might see some drop before it may continue upwards. The next area of resistance would be at 1.29 Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable...