About meI am independent forex analyzer and Trader. My trading style: Swing Trading. I use 1W,1D and 4H as my multiple time-frames. I trade for myself and also I manage my PAMM account with logical and permanent benefit and low Risk.i use 1:10 leverage.
its a month that this pair has started a bluish trend.it could be pullback to its mid-term downtrend , but in continue this pair Did break the trendline and make a weekly close beyond that.
know it seams we have a flag bellow the strong and major S/R zone of 1.07200.
to have a safe entry we can buy this pair after breaking of mentioned zone
note that ROC of AUD...
in all our last analyses , just insisted in buying gold. because its long term trend is uptrend. take a look at my following last Ideas, if you want to get more familiar with Gold behavior. if you have missed investing in gold, dont worry, Gold gets exhausted soon. it will happen a retesting of broken channel or at least a good pullback. you can ride there.
eurusd has broken a long-term downtrend line.
it has started a very strong uptrend ....BUT......it needs a rest now
the best place to get fresh and start again would be major SR zone of 1.2000.
let us buy there and not sooner....
in the weekly time frame: gold is in an healthy uptrend and is making a flag to fly higher than its last highs ...2300 usd and more ....
in the daily time frame it is a downtrend channel and price is in the higher band of that.
gold need a strong close and at least one complete candle beyond this Chanel ....
if bears come in, Gold may make another short-term...
the long term trend is uptrend and it seams Gold is making a big flag to reach higher targets(2200-2300)
but in the short time , gold is trying to go out of its channel .now the volatility is low .
as a new buyer we have to wait for a strong breakout of channel top or another pullback.
1- in the last 15 weeks the AUD has been one of the strongest and JPY has been one of the weakest currencies.
2- this pair has started an uptrend since 280 days ago, this trend has been broken its 8 years downtrend and has retested the break point.
3- a head and shoulder is visible in weekly, its apex is around 79.
then i will long as soon as this pair make a 4h...
tonight and its close is vital for eurusd.
this pair is supper bullish but if it closes bellow the 1. 21700 it can get bearish for short-time and to reach a better support.
so stay calm and keep an eye on this pair.
it is around 2 weeks that this pair is making a triangle.
according to its long time uptrend I like to see its upward breakout.
anyway , if you are swing trader I suggest you this pair for long but after a good daily close beyond the triangle borders.
in the weekly , gold is above EMA50 and in a range .
it seems the bullish flag with a high targets is consolidated.
in the Daily chart , price is in a descending channel.
i Think the lowest barrier and support is zone of 1750-1765.
nothing can be a medal same as gold.
it will break its limitations and go to reach 2070 and 2300 and .....
but if you dont have Gold ,...
EURUSD has broken its resistance of 1.2000 after a consolidation of 130days.
it also has broken major resistance of 1.21000 strongly.
to continue , this pair needed a rest, last week eurusd was in a bullish flag and one time tried to break that.
the zone of 1.21 is a key level i think. in this zone we have major SR zone , and as you see in 4H the EMA50 is waiting...