EURO pairs have been in a downtrend for quite some time already, while most have had a recent
retracement leaving you thinking that you might have missed out and the wide stop losses arent worth it, its worth looking into more exotic and not as popular pairs that still havent reacted or are yet to touch the critical price points. The entries for this specific...
FOREXCOM:EURCZK
The trend is bearish, of course. However, the currency cross is exactly at the test of the previous bottom (see the support line and the yellow circled areas). It could be a rebound or a volatility exhaust. The mentioned bottom is a key level.
Let's look at the next trading sessions.
The pair is trading on a year long 1W Descending Triangle with clear Lower Highs that provided optimal sell entries throughout 2019. We are currently on such a Lower High and with 1W neutral (RSI = 52.272, STOCH = 45.628, Williams = -46.569, Highs/Lows = 0.0000) we are targeting the top of the 1D Support zone (TP = 25.62400). Notice how a 1D Higher High sequence...
Bullish Shark Pattern will be formed @25.51173 but i think it would better to wait for @25.42856.
Tp and stop level can be seen at the chart.
Good luck.
The Euro has been appreciating against the Czech Koruna since the currency pair reversed from the lower boundary of a long-term ascending channel near the 25.40 mark.
Given that the exchange rate is being supported by the 55-, 100– and 200-period SMAs (4H), it is expected that the rate targets the Fibonacci 0.00% retracement at 26.16. Technical indicators for...
The Euro has been appreciating against the Czech Koruna after the currency pair reversed from the lower boundary of a long-term ascending channel at 25.43.
As apparent on the chart, the rate has been trading in a rising wedge since the end of September. The pair's neat movement in this pattern suggests that its next move should be north towards the Fibonacci...
The Czech Koruna has been appreciating against the Euro since the beginning of August after the pair reversed from the 2018 high at 26.14. This movement is bounded in a falling wedge.
As apparent on the chart, the exchange rate reversed from the lower pattern line at 25.43. From the theoretical point of view, it is likely that a surge towards the upper boundary...
EURCZK is trading within a 1D Channel Down (RSI = 25.124, MACD = -0.042, Highs/Lows = -0.1628, B/BP = -0.2948) and is on its way to a Lower Low. We are short with TP = 25.2500.
I expect EURCZK will be 24,50 by the end of 2018 and than movement in a channel between 24 and 26 during 2019, /but more or less 24,50-25,50/ its more probable to reach 24 than 26 CZK
/low than 23.50 we cannot go/
Euro testing testing structure, and breakout of the downward short term trend line. Seem like a good opportunity to buy pullback. Stop loss bellow the recent swing low.
Dan
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