Welcome to this analysis about CADEUR, we are looking at the 4-hour timeframe perspectives. As I discovered recently CADEUR has completed a very important formation which can be the determining factor in the upcoming times especially when CADEUR continues as expected. As when looking at my chart now we can watch there how CADEUR has formed these two tops...
Indeed. This pair has been doing so for a while anyway, with no evidence of a pivot. We are just continuing with the general trend here. Goals in green, invalidation in red. Not financial advice, do your own research.
Europeans are doing something right. Or is it just the speculators doing their magic? I don't know and it doesn't matter. Undergoing Subwave 4 now, looking for Fib Goals highlighted. Again, none of this is financial advice, do your own research.
the daily chart of this market shows with a high probability that it will experience an uptrend in the coming days but with the vigilance of changing the direction towards the opposite
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You have to be careful and analyze the price action before making the decision. We must think that nobody knows what will happen. I'm just trying to put the odds in my favor. Then the price will do what it has to do. So let's see what happens.
There could be more EUR strength around the corner if the EUR index can close above it's daily 20 EMA . Forming a low here could be a sign of a change in the pitch of the ascending channel which will create or continue EUR pair uptrends. If so, that EUR strength will start to show in my relative strength analysis and pairing the weaker currencies with the...