last week we had witness a strength of the usd against other major currencies, however the trend for eurusd is bullish
and bearish for USD ,
correction is not over yet where we might see the eurusd heading toward its final move down toward 1.16 at the bottom of the parallel channel before reversing back to its high level of February 2018 at 1.25
prices is expected to drop in the form wave 4 targeting between (1.16-1.15) then we might accelerate again towards 1.24-1.250
invalidation level breaking above (1.195)
eurusd is in an uptrend
as wave analysis we are nw in wave 4 targeting 1.1680-1.1600 prices of fibo levels (0.38-0.50)
then we might see w huge trend targeting 1.21-1.220
thank you
pound seems to be more stronger ,
we have a triangle setup which breaking 1.32 could target the resistance price at(1.35-1.36)
invalidation level breaking below 1.30
as we can see from the above chart NZDUSD is forming a triangle at the top of the wide range which is usually a bearish scenario,
breaking below 0.6525 would target 0.6400
invalidation level: 0.6600
EURUSD closed its first week this year above 1.1400 recording a high of 1.1450
as we can see on the chart the bullish structure that if had formed after making A Symmetrical triangle, and now forming a bullish flag at a critical zone, this week we could see a correction toward zone 1.1360-1.1350 at ( 50 % fibo retracement) or the bottom of the flag and then moves...
disjoint channel in forming we expect price to reach 34$ at point d and then reverse back to point E
if this disjoint channel completed its structure and reached point d then point E we may see another crash for oil
lets wait and see
