BuddhikaJay

BuddhikaJay

FX:EURUSD reaching major lows. look for buys when USD weakens.

BuddhikaJay

LONG TERM BEARISH OUTLOOK WITH LOWER HIGHS AND LOWER LOWS. THE PRICE IS AT A STRONG SUPPORT MAY TRY AND COUNTER THE STRONG SELLING POWER. BE CAREFUL WHEN PLACING A TRADE!

BuddhikaJay

AFTER A RETEST, THE PRICE IS CONSOLIDATING AT THE MOMENT. AN UPSIDE TREND CAN BE EXPECTED AFTER THE BREAKOUT OF THIS RETEST AS SUPPORTED BY PREVIOUS TOUCHES IN THIS REGION.

BuddhikaJay

STRONG RESISTANCE AT 0.73500.

BuddhikaJay

AFTER FORMING A LOWER HIGH IT IS QUITE EVIDENT THAT IT WILL REACH THE LEVEL 1.29900.

BuddhikaJay

A DOWNWARD TREND OF A SIMILAR RANGE IS VISIBLE AND SINCE THE USD IS EXPECTED TO BECOME MORE WEAKER IN THE FUTURE WE CAN EXPECT TO SEE A CONSOLIDATION BETWEEN 103.000 AND 105.000.

BuddhikaJay

RESISTANCE LEVEL @ 1.19000 IF THIS LEVEL IS BROKEN MIGHT GO ON TO RETEST @ 1.19800 SUPPORTED BY FIB LEVEL -27% SUPPORT @ 1.17000 IF RESISTANCE IS NOT BROKEN, PRICE WILL REACH 1.17750 BEFORE A RETEST.

BuddhikaJay

TRADING INSIDE A RANGE BETWEEN 0.18000 - 0.18500

BuddhikaJay

high tendency to break the support at 0.70150 and move towards the new support as suggested by fib of 0.69000.

BuddhikaJay

Can see a bullish reversal identified by a Head and Shoulder pattern. will hit the support @ 1.30820 and rise from there to atleast the 78.6% fib level.

BuddhikaJay

will touch the fib resistance level of 61.8% and bounce back to 1.32000.

BuddhikaJay

once it touches the key level at 105.490 it has the tendency to reach the support at 105.300.

BuddhikaJay

Will reach a support at 0.66139 and will continue to rise from there to the resistance at 0.66715. Bullish trend is supported by lower highs seen from the end of Sept to mid of Oct.

BuddhikaJay

Bullish momentum that started by the end of Sept will continue. After touching the support level of 1.16879, it will continue to rise towards the Fib 50% resistance level of 1.17658. It can also be seen from the RSI indicator that it has been moving around 40% for quite some time and is pushing towards an uptrend.

BuddhikaJay

After a significant selling pressure towards the end of Sept, AUD has been able to gain momentum and is now reaching towards a 4H resistance of 0.71355 as mentioned by a 38.2% Fib levels.

BuddhikaJay

There seem to exist a strong support in the range 1.310 - 1.313. The bearish trend will continue to touch this support range before there will be a rejection.