While the price is above the support 1.1000, beginning of uptrend is expected.
We make sure when the resistance at 1.1450 breaks.
If the support at 1.1000 is broken, the short-term forecast -beginning of uptrend- will be invalid.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI downtrend #1 is...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.116.
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=1.114.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
EURUSD looking like its formed a new channel showing a clear continuation pattern in pursue of a bullish direction. Alongside US weakness ahead of us with major bearish signs on the DXY, this may be the push the Euro needs to complete this move.
Possible buy position for EURUSD. This one is purely price action analysis with no indicators. Price previously broke out of my parallel trend line channel to the downside but I believe this was a false break out and price has hit the trend line support which is moving upwards. Price has also recently bounced off of a local horizontal support zone which leads to a...
We will be keeping a close eye on this trade and you should also, this is only analysis and not a signal.
As we can see from the chart that price has been respecting our daily trend line ( TL ) for months now with each retest of this TL coming from a bounce off strong support but then breaking this support.
Now price has just recently bounced off another key...
Possible short for EURUSD. Price is still moving below both the 200 EMA and the 50 EMA indicating another short bias. The price has also been recently rejected at a local resistance zone and is heading towards a local support zone. Price action has played a big part within this trade.FX:EURUSD
Possible short position for EURUSD. Price has been clearly moving below both the 200 EMA and the 50 EMA in a smooth downward trend. Price has also been rejected at a local support turned resistance line, indicating a short bias. Tiny stop loss of around 15 pips has been set with an optimistic Take profit of around 100 pips, good Risk to Reward ratio. Keep an eye...
1.12 resistance level, we expect a retest around that level before this pair goes further down ! we can wait until further confirmation as French flash GDP , German gfk and import price report ahead tomorrow earlier in the morning GMT.
NOTE: Do not get emotionally attached to any of your trades. keep consistency , small percentage of profits every day, month or...
we can see this pair broke our resistance line and now its our support line. German Zew economic news releasing tomorrow morning and the forecast may lead this pair to gain more strength towards 1.1400. EURUSD 1.1302
EUR USD finally break box shown in the chart!
We are in this 200 pips range since 31 of November until 11 of Fev. For this reason I have boxed this area and simple replicate for a potential target.
For a entry- I want to see a retest of 1.3000 and a combination of candles showing a bearish engulfing pattern!
Once we have that I do believe Eur usd will present...