EXY is at a critical turning point which will judge its course in the future. Looking at the data in the charts, it is obvious that the sellers are trying to lead the index to lower price levels. Starting from the analysis of the trend and its momentum, in the price chart on the left, there is a downtrend lately which has led to the break of the lower limits of...
TREND: Lowest Low = 2017 Last High = 2018 Higher Low = 2020 Higher High = ? When we make an higher high above current STRONG RESISTANCE you could say that we are in an confirmed uptrend. STRONG RESISTANCE: 122.5 - 124.5 This zone accounted 3 times as support, one breakdown in 2015 and then acted 2 times as resistance. You do not want to forget this important S...
Hanging man + doji + continuation and bearish divergence...
6 years support became in a very strong 6 years resistance for the Euro, after breaking an retest the descending channel is trying to break it after a long rally, I don’t think it will be so easy
EURNZD is in the last correction wave, waiting for rejection on support around 1.71750 which is also a 0.618 fibo level. first TP will be the next resistance around 1.73400 🏆
This is the weekly analysis of the Major Indexes. From this analysis, we can form a high probability pairing of the currency pairs we should be trading.
i guess retest time is done , price will be rising upsides.
Less than 117 units are prepared for the target of 112 units
Like of us already noticed the DXY seems to remain very bullish We're ranging in this channel & I'm expecting this to continue upward for quite a while longer! As history has showed us clearly in the past a strong DXY uptrend has a devastating effect on just about everything else (as the dollar increases in value other asset prices plummet) If the US wants to keep...