CapMoore

Price has moved above the Yearly Pivot Point and the next strong resistance level stands at the lower Kumo CLoud at 156.36. On the Weekly timeframe price has made a nice Kumo CLoud breakout, which adds pressure to the upside. We can also see a constructive MACD. Downside risk is mainly a retest of the Yearly PP at 148.80 and below that the Weekly Cloud at ...

Price has hit the ceiling of the cloud at 145.69. With a bearish projected cloud chances are we may see a retraction from this level, perhaps after a breakout attempt and testing of the Monthly R1 at 145.20. The intraday rally has been impressive and on the weekly timeframe the picture becomes more clear, as price has broken above the cloud and may give a bullish ...

Price tested the daily pivot point. If we see a continuation from here the next target is the Daily S1/Upper Cloud (1.1923) and below that the lower Cloud and the Weekly S1 (1.1904). Since the projected cloud is bullish, especially the latter level should give a good support. However if price simply plows through the cloud we are looking at, below the already ...

Price has started to correct the oversold situation (Bearish breakout in a bullish cloud). There is a strong Fib confluence support at 106.50. Currently price is back and testing the Monthly S1 (and lower Cloud) from below. (108.47/108.72). If this resistance zone is breached and price re-enters the cloud we may se a further towards the upper cloud and the ...

Price reached the Yearly R2 overnight, the target on higher timeframes as specified earlier. This is the natural level for traders on higher timeframe to take some profit, thus we may see a sell off from here. Since the trend is very strong, it is hard to say if it will happen though, since many traders may just sit on their portfolio, at the back of EUR rate ...

Price reached the Yearly R2 overnight, the target on higher timeframes as specified earlier. This is the natural level for traders on higher timeframe to take some profit, thus we may see a sell off from here. Since the trend is very strong, it is hard to say if it will happen though, since many traders may just sit on their portfolio, at the back of EUR rate ...

Price reached the Yearly R2 overnight, the target on higher timeframes as specified earlier. This is the natural level for traders on higher timeframe to take some profit, thus we may see a sell off from here. Since the trend is very strong, it is hard to say if it will happen though, since many traders may just sit on their portfolio, at the back of EUR rate ...

Price reached the Yearly R2 overnight, the target on higher timeframes as specified earlier. This is the natural level for traders on higher timeframe to take some profit, thus we may see a sell off from here. Since the trend is very strong, it is hard to say if it will happen though, since many traders may just sit on their portfolio, at the back of EUR rate ...

Price stands at strong support on weekly timeframe which it has been unable to breach. There is a chance for a bounce from here which could be exploited on lower timeframes. A daily close above the weekly S1 will open up for a move towards the Monthly Pivot point at 109.76 as a first target. On the the bearish side, a close below the Monthly S1 at 108.48 may ...

Price failed to trade the Yearly R2 with 22 pips and has sold off rather sharply since and is now inside the Pitchfork again. With the Yearly R2 untraded and the Weekly Pivot point untraded, a likely scenario would be to see price attempt to test the Weekly PP at 1.1864 which stands close to previous top at 1.1882. These levels would be good to step in with ...

Price is at the upper Pitchfork band and is reaching for the Yearly R2, which has been the target on the daily time frame since July. Yearly R2 stands at 1.2090 A daily close above Weekly R1 at 1.2020 may push price further into overbought territory. A close below that level and inside the pitchfork we may see some consolidation before another attempt to hit the ...

Price fell down to the lower Cloud and the Weekly pivot point but has found support there and is currently trying to close above the cloud again. The correctly drawn Pitchfork was confirmed with the current candle spike, thus pointing to a trendshift. If we see a close above the cloud, the next target is the Weekly R1 at 1.1844. If price returns inside the cloud ...

Price has cleared the Monthly pivot point and bounced nicely from that level last week. Yesterday price broke above the H4 Cloud with a bullish twist, creating a buy signal. At the same time clearing the Flag pattern with a strong candle. Now we see price retesting the cloud from above, as well as testing the daily pivot point, at the same level. If price find ...

Price just traded the Monthly Pivot Point, after several attempts. This level was the first target of the correction or retracement. There is also a Flag pattern which is a bullish pattern, if triggered. We might see profit taking from the level of Monthly PP and perhaps bulls stepping in. Below stand the Daily Kijun Sen (Eq.line) at 1.1640, Weekly S2 at ...

Price failed to pierce the Monthly pivot point last week and instead bounced off of the Weekly S1, just 23 pips shy of the monthly pp. After a test and bounce off the cloud price failed to make a new low and came right back to the cloud and after a while pierced it with one impressive candle. But since the projected cloud was bearish this was unlikely to hold as a ...

Price has pierced the H4 Kumo Cloud and tested the Weekly Pivot Point, after which we saw this long wick candle yesterday, ominous for a bear. But as price came back to the Cloud, it was again rejected, and close below with a doji. The doji high can be used to place stops above, aiming for the Monthly Pivot point. A close below the Weekly pivot point which then ...

Price has tested the Weekly pivot point and if we see a move below the daily pivot point from here we are looking at Weekly S1 as the next target at 1.1695 and below that the yet untraded Monthly Pivot Point at 1.1666. There is a nice confluence of daily and weekly pp, that will add resistance at this level. On the upside, a H1 or H4 close above the Weekly pivot ...

We saw a bold move above the Pitchfork and the Weekly SMA200 during the past week which in the end turned into a hammer with a close below the sma200 and the upper PF band. Price never traded the Weekly pivot point but was close to a test, still it reflects the strong bullish pressure that spilled over from the last three weeks. Price almost hit the Monthly lower ...