EURUSD have been trading in a range - However momentum is building across the higher time frames, so far in a short term market is trading within a bullish channel, expecting the market to break the range and visit 1.1025.
EURUSD is showing divergence signs on the daily time frame with a bullish close from Friday. Expecting an upside towards 1.1024 and 1.1080 area, look for buys once market breaks the short term white trend line.
EURUSD have been quite messy over the past few days, price fell quite sharply on the ECB event leaving a double bottom. Recent rallies have almost faded the sell offs, seeing scope for more upside to come over the upcoming days. Look for buys once it breaks 1.11 handle.
EURUSD have been trading firm from past 3 days - as it broke out the key 1.1027 low past week, seeing fresh momentum developing across the bigger picture.
Right now it broke out the short term trend line, i am expecting the market to correct lower towards 50-61.8% Fib area where I'm looking for buy setups to develop. Looking 1.1005-1.0985 possible buy zones for...
EURUSD broke out the narrow range quite sharply on Friday, Momentum have been quite strong at the moment so seeing scope for and upside towards prior highs around 1.1250 area. Wait for the market to retest the broken range for buy trades.
Gold fell quite sharply and have been in consolidation so far from past few sessions, i am expecting this market make another move lower, so wait for the market to break the yellow trend line for the execution. Stop prior highs around 1540.
EURGBP reached its August 2017 highs, Momentum on this market is weakening all across the bigger picture therefore i am seeing a trade to be setting up here, wait for the market to break the trend line to execute the orders.
Trade safe & Good luck everyone!
EURUSD have been trading within a multi-days bearish channel. Though its holding the major support at the moment but i am expecting the market is likely to be breaking this area and possibly test 1.1082 to 1.1028 for the near term.
EURUSD have been trading within multi days bullish channel - price almost close to the base of the channel but haven't tested it yet. Looking for the price to test the base as I am seeing momentum weakness here, scope for a bounce here.
The U.S. dollar is set for the sharpest 2-day drop this year on a dovish Fed; the Federal Reserve signaled that is ready to cut interest rates as early as next month to boost growth.
Technically speaking the market rallied - as I wrote in my previous FOMC idea that higher time frame momentum is strong - for now the shorter term momentum is surging as well and...
As we see EURUSD have been consolidating since it broke yesterday, as of now it broke out the bearish trend line, there are possible two scenarios here;
1 - Market may bounce straight away, as i see the higher time frame momentum is still strong though the short term momentum is quite weaker.
2 - Market may fell sharply initially and then bounce testing the...
EURUSD have been rallying sharply over the past few days - Seeing the narrow range price action and momentum weakness across the short term time frames, there is a scope for this market to drop towards the multi sessions uptrend line.
Trade Safe and good luck.
There have been divergence activity going on over the daily time frames and momentum is developing as well. Price action have been quite steady in the past few sessions trading within a bullish channel.
At the moment price is trading in a narrow range, expecting the consolidation to continue a bit pushing the price towards prior broken highs which looks a good...