KN_FXtrader

KN_FXtrader

The price seems to start the race to reach the long term trend line again. (blue line). If it goes up from the level of 183.50 the our target should be at least the 184.00.

KN_FXtrader

The price is now having a strong bullish movement. The red circle is an important point due to the fact that it faces both short term trend line and fibo level. If we have a breakout, then my first target is at 1.2557 and the second is 1.2600, where the price faces another important level.

KN_FXtrader

The price would break the red trend line in my opinion. It would then enter the blue zone where we might have an sideways movement, however i think the next target should be 1.3000, as i expect a strong bullish move after the blue zone.

KN_FXtrader

As you see the price went below the red zone and stopped exactly where we had set our target....!!!

KN_FXtrader

The price seems ready to the the trend line (blue line). Is the price move below the red zone a level of 1.200 might be our possible target. However, if the price go up a re-test of 1.1447, which is the last higher level, is possible.

KN_FXtrader

I am waiting a bullish breakout. I set my target on 1.3000.

KN_FXtrader

A breakout is wanted. Then, according to the direction our targets are the fib retracement (if bullish trend comes up), or the second rectangle if bearish

KN_FXtrader

I believe the price would continue its uptrend, although the last days it is moving into channels. A possible target is the blue line which the price has tried to break twice.

KN_FXtrader

The price seems to face a bearish movement in the next days....!!!

KN_FXtrader

Euro seems to loose its bullish power (as i had written about in the past days) due to the negative news from Eurogroup. We should still wait for the final announcement however it seems that there will not be any agreemet with Greece.

KN_FXtrader

The index is now testing the level of 11000. If its recent bullish movement continues above this level the uptrend is quite possible to continue. Otherwise we migth see a retracement before another test, of 11000, been made.

KN_FXtrader

The price is now facing the trend line support, the MVA and the fibonacci level of 0.382. So it is quite possible to continue its uptrend, which is shown by the red line. So a breakout of 1.1440 would possible leads to the 1.1500 level, which the price tried to break twice the previous weeks. (This bullish movement also may come from the positive announcements...

KN_FXtrader

We can see the price is remaining above the lovel of 50.00. As this is continue we should wait a bullish movement. Otherwise, a drop from this level might even leads to the level of 47.50.

KN_FXtrader

We are waiting the reaction of the price towards the regression channel...

KN_FXtrader

I believe the price would make a strong breakout and if that happens the result would be the one i describe on my chart.

KN_FXtrader

The price seems to have created a new higher high and now it's time for retracement. CCI and my technical analysis are sending a short signal so i place my target at 1.88400

KN_FXtrader

As i had commented on my previous analysis a breakout was wanted. This happened and as you can see the price stop its strong bullish movement on the long term trend line. So we can see a good trading opportunity as i had warn you about.

KN_FXtrader

THIS IS A BRIEF ANALYSIS OF WHAT THE PRICE DID THIS WEEK. I AM WAITING YOUR COMMENTS...