Seems EURUSD will be more bearish. but there are two strong support lines which is tested several times. if its crossed the both support it will reach the fibo level 1.
RSI showing price is down as well.
TP's mentioned in the green box.
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What i think is according to daily chart EURNZD will be bullish but before it bullish, according to 1H chart, price go down and will be bullish coz 1 hour chart closed with bearish engulfing candle pattern.
MACD indicator showing that price will bullish in daily chart and there is white worriers candle stick pattern in the chart as well, which is caused a...
as per bollinger bands bottom bollinger band is towards to candles and price is retracing from almost 0 fibo level and down trend to fibo level of 0.236.
MACD indicator shows that price will be go down.
Note: Trade at your own risk. This is analysis is not based on any economic or geopolitical news.
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Read the explanation.
If you look at the chart carefully you can see the bearish ares which is marked in the yellow colour boxes performed with bearish engulfing and each and every time we meet the bearish engulfing pattern price goes down.
In the meantime price was retracing from 0.618 febo level towards to 0.786 level which is bearish movement is continuing....
Reading is must.
If you see the RSI indicator shows that when it comes down and cross the 50 horizontal line price goes more bearish and we can predict this time that price will be more bearish too.
According to the Fibonacci retracement price was rejected to move lower than this well tested support line from price 115.970 and fibo level of 1. And again price...
Will GOLD hit 1600? YES...!
When it comes to candle stick pattern its ending with Bullish Engulfing Pattern which is caused to Bullish movement. It has very strong support at 1483.97 (Horizontal green line). 1533.67 resistance line has been crossed several times and there are more chances to cross it again and hit the resistance 2 (Horizontal maroon colour line)....
Upper bollinger band is moving away from the candles showing bearish movement.
Green area mentioned as TPs.
Note: Trade at your own risk and this analysis based on without any economic news.
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EURUSD- It can do anything :)
You can see RSI red line (39.92) which it hit so many times and bounced back from there to up wards. After shooting star candle it was bearish as usual which is caused for bearish movement and from the next candle should start with a bearish movement.
You can find the green area as TPs.
Note: Open for discussion and trade at...
Reading is must:
Interesting, there is a bearish divergence according to the daily chart. seems gold will go down? Answer is up to you but let me show you something.
Look at the letters of A, B, C & D with color boxes. if you closely see the candles in each box shows you a shooting star candle with a bearish candle which is direct you to a certain period or...
Its all about comparing the RSI and Candles.
you can compare the A,B,C & D lines along with the RSI movement
3 times it hits 70 area in RSI
TPs are mentioned in green area
the best thing is before the big bullish candle there is Doji and still GBPUSD will good for buy.
Note: Trade at your own risk and this analysis without any news. Like us and share your...
As per the chart it was nicely retest the trend line (which is in red line 1) and there is higher probability to go higher to the green area (as per the chart). If its go down there will be strong support line in 53 which is in green line and bounce back from 53 to on wards.
You can fix any TP as in green area SL as in Blue line or as per your requirement....