Reasons for expecting the end of the current downtrend for EURUSD:
1. Strong demands areas.
2. Commodity Channel Index returns from down level -250.
3. Relative Strength Index is in over sold area.
4. Level 1.1180 is a Monthly Pivot.
First Trade: Entry area from ( 1.1210 to 1.1180 ) with stop lose 1.1160.
Second Trade: Entry area from ( 1.1125 to 1.1100...
I see a nice chance for long with this pair cause of these two reasons:
1. Break through the down trend.
2. Break through EMA50 high and low.
So. i will go long now and if the price touches the trend again, with stop lose closing two candles below the trend.
My targets is:
Sell from 1.6150 and 1.6200
Stop lose 1.6350 or close daily candle above 1.6250
Targets 1.5950 and 1.5750
Don't forget to move your stop lose when you got 50-70 pips profit and continue with a free risk.
The Australian dollar against the New Zealand dollar on the weekly time frame
The closing of last week was after the rebound from a strong historical demand area which rebounded several times, achieving great targets
The close is also near the three-point uptrend, making it a strong trend
From the above, I think that entering into a buying opportunity is worth...
This Area contains two dates and two prices, depends on the top created at 5 May 2017.
In the Gann cycle, first reflection day for the date 5 May is 5 August, and it will be Saterday. So, we have to take the week before it, which starts at 31 July, and the week after it, which ends at 11 August.
1st price is a nearest support at daily...