from 4 hour chart the market is bullish, from this we can see the market forming a W formation should the market break though the 0.91640 zone and on the retest we expect more bullish push to the up side
From a weekly perspective the pair made an impulsive move to the up side and its now in a correction of that impulsive move. On the Correction we can see LL and LH indication a nice downwards movement as we would expect after an impulsive move. The price was moving in a channel which we use as our support and resistance till we reach a support zone at 1.5000....
The pair was in a downtrend which recent turned to a up trend. During the downtrend we see a the 108.000 zone rejecting the price multiple times and the buyers pushing the price up multiple time when it reaches the 107.400
zone. The reached the 106.000 zone and the sellers exhausted and the buyers came in pushing the price up, the momentum was not enough to reach...
The recent highest point is the zone on 135.500 line,which rejected the price twice and it dropped to the 130.800 zone. The buyers came in on the 130.800 zone and pushed the price up but the momentum was not enough the price got rejected at the 133.000 zone back pass the zone that supported the price previously, but the buyers came in and pushed the price up in a...
