Hi there. For short term, price is still in the continuation pattern for one more move down. For medium – longer term we still see a big move to the upside on EURUSD. Just wait for the price to hit the bottom of the pattern and watch strong price action for buy. Nordea’s Bank opinion that supports our medium – longer term forecast: "We found the ECB’s updated...
EURUSD Long Position Initiated Details are on the chart. Happy Trading! P, D, P
EURUSD bounced nicely off its support at 1.1489 (38.2% & 23.6% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 1.1567 (horizontal swing high resistance). Stochastic (34, 5, 3) is bounced off its support at 3.2% where a corresponding rise could occur.
SPX500 have been trading in a narrow range channel - so far it broke the base of the channel, expecting this market to break down which is more probable scenario to me at the moment, but if it doesn't then i am looking the top of the channel for a short trade. As this market is bearish trending and momentum on all across higher time frames supporting the view, so...
Previous resistance becomes support sl have to go at least below 1.140 tp is at 1.170
Two patterns: 4H Channel Up inside a 1D Channel Up. Both requiring lower values (Lower Lows) to accumulate strength and rise further. TP1 = 1.14965 TP2 = 1.14400
At the moment we are seeing a correction for the pair. And this is a great time to enter long positions on this instrument. Given the current trend, the last candle is more corrective than reversal, so we believe that technical indicators will not turn around for a sell signal. The correction may lower the pair to the level 1.1510, after which we expect the...
The EURUSD finally breaks resistance at 1.1500 levels, after consolidating for several trading sessions. Please note that immediate support on the daily chart is now 1.1306, while resistance is at 1.1620/30 levels respectively. Bulls maintain control for now and remain poised to take out resistances going forward. At a lower degree, a 5 wave rally might have...
EURUSD is approaching its resistance at 1.1606 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it may reverse down to its support at 1.1493 (38.2% Fibonacci retracement, horizontal pullback support). Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal may occur.
I see the USD fundamentally weaker than the EURO. With a larger timeframe bias in mind, we saw the previous day break the high of a Bearish day. I would expect this day to do the same with a retracement to test a broken zone around 1.1480-1.14978 of previous resistance. My fib was drawn from the most significant movement. Targets for my long position would be...
Hello eurusd as they saw the shark pattern giving its TP2 at 0.61% almost arrives .. now forming BAT pattern .. very possible .. ___if you want to see in analysis .. this in the channel __- I TOLD THEM- I hope correction for long ....regards:.. ____ comments_- analysis__ I would like to see your analyzes-
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1485. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.156. TP4: R2=1.159. Set the stoploss of these orders at breakout of S2=1.147. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...