As the market falls into an area of extreme buy sensitivity on the higher monthly time frames(140.000 zone and below), we can now expect a rush of buyers to enter the market rallying it onward to the 148.000 level. This 140.000 zone also coincides with the 61.8% PRZ level on the Daily time frame from the January to February bullish push. We can this await some...
As the market rallied for its third touch in an area of high sensitivity on the Monthly and Weekly time frames, we can soon expect a high sell of. On the monthly time frame, upward momentum has slowed down and an area of high resistance can be seen in the 1.35900 region, which coincides with the 88.6% retracement on the Daily time frame, and also an area of retest...
As the pair entered an area of high buy sensitivity on the monthly time frame, we can expect a strong rally up ward. This area coincides with a 61.8 % area of retracement on the Weekly timeframe after the upward push of 2017. On the Daily we see where support have been found in are of the Novermber 12, 2018 and March 2, 2019 and April 1, 2019 area and the pair is...