The name euro was officially adopted in December of 1995 and replaced the former European Currency Unit (ECU) as the official accounting currency on January 1, 1999. It is the official currency of the euro zone, which consists of 19 of the 28 member states of the European Union. It is the second most traded currency in the world after the United States Dollar and the second largest reserve currency.
Technical analysis:
. RIPPLE/EURO is in a Range Bound and Beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 44.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (0.55 to 0.38). if so, traders can set orders based on ...
Technical analysis:
. MONERO/EURO is in a Down Trend and Beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 45.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (132.0 to 116.0). if so, traders can set orders based on ...
Looking for this to retrace back 50% fib to around 151.238 before we drop down to 147 again. Have a great trading week guys and RISK MANAGE AT ALL TIMES... Non Farm Payrolls are also this week so expect high volatility as usual.
& Shoutout to Benji @pipseyhussle for showing me how to use Fib retracements ahaa
BITCOIN/EURO
New trading suggestion:
*The price is in an up trend and we forecast the uptrend would continue.
*There is possibility of temporary retracement to suggested support line (6299.85), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Entry signal:
Signal to enter the market occurs when the price comes to ...
Script Uses
- Ichimoku Cloud
- John E. Zero Lag EMA
- Hilbert Sine Wave Support/Resistance
- Linear Regression Divergence
---- ROC
---- RSI
---- ZLMACD
Features
- No Repaint
- No Lookahead
- Date Selectors
- Backtesting Version
- Alerts Version
Contact for Access
With lower highs now being established together with an uptrend break EURUSD is vulnerable further downside pressure and we would expect a move down to 1.19620 where the 200 day ema provides support.
This week the EUR/USD has hit a major resistance point, shown above, having been tested twice and upon both occasions the price has been rejected.
Watch closely this coming trading week, depending on news releases throughout the week regarding both the euro and US dollar (beginning Monday 24th April), could tip the price either way.
Will be posting an update and ...
- bearish bat pattern
- expecting a trend continuation to the downside
- broken my position size into 2 and have one entry at the .886 fib and the second entry ( the more aggressive entry) at the Fib confluence ( blue .618 with the white .786)
- LL formed, hopefully price will print the LH
- RSI is bearish
- all the best!
The strong support of the 200-hour SMA allowed the the Euro bulls to grow stronger during the second part of Friday. Even though this up-move was not very significant, the pair did manage to breach its nearest resistance formed by the 23.60% Fibonacci retracement and a downward-sloping trend-line at 1.2358. '
The Asian session showed no changes to the overall ...
