KrunchieKilleen

KrunchieKilleen

The red trend lines in the graph represent the long-term Support and Resistance. The Green line is the tentative Support Line of the current trend. The present volatility caused by the uncertainty of BREXIT is a blimp in this uptrend, but the slope of the uptrend could moderate.

KrunchieKilleen

We are now in a seasonal Down Trend. The Down-Channel is shaping up to be a bumpy ride, where advantage can be obtained by stepping in and out as the peaks and troughs repeat.

KrunchieKilleen

While the Uptrend will continue, I can't see the present height being maintained, so expect a Downswing from here.

KrunchieKilleen

The red lines depict the Support and Resistance of the long-term Downtrend, now exited. The green channel shows the present Uptrend. The Uptrend will, perhaps, continue, but be alert to a potential dramatic Downswing.

KrunchieKilleen

The red lines indicate the Support and Resistance lines of a long-term Down Trend. The orange-shaded area shows that Down-Channel. The graph has broken out of the long-term Down Trend, and enters into an Up Trend. However, it is at present at about the top of the new Up-Channel, so a Down-Swing is imminent.

KrunchieKilleen

Since 2008, the Euro has been in a long-term Downtrend against the US Dollar, with huge swings up and down within a fairly consistent Down Channel. The red lines in my graph show the Support and Resistance of the long-term trend, while the Down-Channel is shaded orange. Depending on where exactly the Resistance Line is drawn, we can see that a Break-out from the...

KrunchieKilleen

The recent upswing of EUR/USD brought it out of our projected (green colored) Down-Channel into an emerging (orange-colored) Upward Channel. While there is still some probability of the Down Trend re-asserting itself this side of Christmas, there is a strong possibility that the current Upward movement will become a break-out from the long-term Down Trend and...

KrunchieKilleen

We expected the EUR/USD to have an Upswing, but we did not expect it to go as far as it did, breaking out of our projected Down-trend. Now we must watch to see if the Down-trend is abandoned and an Up-trend started, or if the Down-trend will resume for a few months. The Down-trend will end in a few months anyway, because, by January, perhaps, the long-term uptrend...

KrunchieKilleen

EUR/USD may be at the bottom of its Down Channel. On the other hand, it is possible that the channel will deepen. From here, we expect an upswing, though at what angle we have to wait and see.

KrunchieKilleen

Following my long-term chart of yesterday, I now show, shaded green, the emerging steeper down-channel.

KrunchieKilleen

The present immediate down-channel runs parallel to the long-term, red, Resistance Line in the chart. Previous patterns indicate that this down-trend will steepen and deepen, as indicated by the dotted blue trend lines.

KrunchieKilleen

The upswing of the EUR.USD has continued, breaking out of our channel, and causing us to draw a new channel. Next, we expect a mighty Down-swing from the present position.

KrunchieKilleen

Yesterday's surprisingly strong upswing causes us to re-define the current Downward Trend into a narrower channel.

KrunchieKilleen

The chart shows the steep Downswing Channel, which is following a step-wise descent.

KrunchieKilleen

EUR.USD: Here is my drawing of the current Downward Channel.

KrunchieKilleen

While EUR.USD is currently in a long-term Down-trend, the longer term Up-trend is very forceful. A recent tentative Break-out from the Down-trend causes me to re-draw the Resistance Line of the Down-trend. Following this Resistance Line and the Support Line for the Up-trend indicates that the Down-trend should continue until October 2022. However, there must be a...

KrunchieKilleen

Oh oh; EUR.USD has broken out of the channel I predicted for it. However, it must surely be at a peak again! Even though incorrect in my most recent prediction, I still expect a downswing.

KrunchieKilleen

The Upswing is completed, now the Downswing will undoubtedly occur