Dear traders / investors,
Please be aware of the longer term negative trend that the EUR/USD is in right now. The EUR/USD has found resistance and have made a lower top around 1.1950.
My view is that the Euro will get weaker against the USD for the coming months. Please let me know your view.
Indicator shows a little positive divergence. The Long Term Uptrend is still there, this could be an opportunity for a buy!
The price could find support around the USD 7.000! So please pay attention around this level, but be aware because volatility is high.
As quick as it has moved down, that quick it could be moving up as well.
Have an amazing day!
The EUR/AUD comes into the action zone - from this position be aware that the price can make itself ready for a bigger move towards higher levels.
The action zone is between the 20 days and 200 days moving average. The trend from that perspective is still positive.
Lets watch the price closely, its a descision point!
Support is around 1.60000 - Resistance...
The EUR/PLN is moving around the support zone between 4.25 - 4.28. Please be aware that around this level the EUR/PLN can make a higher low.
If this happens, then a positive short term trend can start and that will give room for more upside potential for a test the high of this year!
So lets watch closely to what will happen around this level.
THE PRICE HAS TO BREAK THE 3.31 LEVEL TO CONFIRM THAT THE BOTTOM IS IN PLACE AND BIG SUPPORT HAS DONE ITS WORK. FROM THERE IT HAS UPWARDS POTENTIAL TO FIRST RESISTANCE AROUND 3.4819 AND AFTER THAT 3.7687
The DAX has made some correction to the downside from 10.750 and opend today with a gap.
Now the dax is testing some support around the 10.300 - 10.340. There is a possibility that it will correct to the upside to close the gap. Keep in mind that when the support level is broken lower prices are more probably.
SUPPORT: 10.300 - 10.340
The EURBRL comes into BIG Support Zone. The RSI Indicator shows Positive Divergence.
Big Support Zone around: 3.50
Fist Resistance zone is around: 3,95
Second Resistance zone is around: 4,50
Go Long after the price breaks the red line. This gives confirmation higher prices will come.
There is a good risk to reward ratio. First Profit Target is around ...
The DAX has shown some weakness and Closed Lower yesterday. It now comes into a Big Resistance level where a lot of zones and trendlines come together.
It is possible we can go a bit higher first. However we have to wait untill confirmation before we go SHORT. The price has to break the 10680 Level to give a clear sign of further correction.
After the break...
Here a new High Probabilit y Trade Set Up with a good Risk to Reward Ratio.
Negative Trend is broken. Price find support in the Zone and is making a higher low now on the 2Hour Chart.
Positive Divergence on the Indicators show a Possible Change in Trend.
Support: 1.035 - 1.0305
- 1.045 - 1.048
- 1.053 - 1.056
- 1.073 - 1.076
168,25 - 168,75
160,90 - 161,40
148,7 - 149,20
The Central Bank is trying to keep Rates at record low to stimulate the economy. How hard they will try this will never never work, there is always and end. Also to this! The Trend will change at some point!
It seems that this will not take a very long...