As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.145.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of S2=1.144.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
So a sudden drop back down to 95.81 for the DXY on Friday saw almost everything push northward including the Euro.
Technically it looks like this may be another attempt to reverse the downward trend from the beginning of 2018 and signal a new phase of Euro strength. That may be the case but we can see price has already 'rested' against resistance at 1.14025 and...
There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.1300 would begin in Midterm.
We opened 8 BUY trade(s) @ 1.1677 (day close price) based on 'Vale & Two-day reversal candle' at 2018.08.27 signaled by DTO.
Total Profit: 40 pip
Closed trade(s): 0 pip Profit
Open trade(s): 40 pip...
Just sold EURUSD and the target is rather close. 1.2388 which is Asia LOW. But It looks like Europe will challenge it so went short FULL CAPACITY as after that there is a nice drop potential of 60 pips. The EUROUSD is ridicolously high from a MACRO perspective and my WEEKLY chart is heavilo short with a huge divergence building up on the RSI, this is without...
In the EURUSD, there are 4 signals for falling prices:
Reversal pattern on weekly chart (bearish engulfing)
CCI breaks 100 from the top
RSI turns in the overbought area
CoT data with commercials in an extreme