Price has consolidated above monthly support at 112.00 with the weekly chart showing a strong hammer candlestick pattern signaling a reversal is soon due. Along with daily showing us a morning star pattern and bullish engulfing patterns, with a break above the daily trend line shown we are potentially looking at at 117.000 being the target as key weekly and...
Same follow through as the daily chart analysis I posted just on a bigger time-frame as the momentum to the downside is very strong. (also confirmed by the monthly) Using the dark yellow line as the trend-line, as long as its holds, I'm expecting the downward pressure to continue with an expected target of around .6950
Ever since the start of the year we have seen a bounce back higher for oil ever since the massive drop late last year. That consolidation and the pullback higher can be seen green line being cracked finally in the last couple of days. Because of this and along with all the things going on with the EURO right now, I am anticipating a further push down to a...
The combining factors of BOJ easing, USD rally across the board and the upcoming events in the Euro makes for a weaker yen in general which means to be bullish on the USDJPY. The monthly chart confirms this and the picture is very clear on the weekly. After the initial break out to the upside and then the subsequent consolidation the last 6-8 months, we are...
Despite the ongoing turmoil going on in Greece as we speak. I am expecting this sell off to continue going ahead in to this week. I'm abit late in to posting this despite already having a position in but there is still further downside pressure to be realized. Am aware alot of people are still biased on this pair to the long side but clearly that upwards trend...
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Look all strategies on urbanstamcar.com The 3 Step EMA Strategy for Forex Trends