The uptrend started at 0.8231 and ended at 1.6028 and after the 61.8 correction,this downtrend has broken its trend line and it is likely that that the uptrend that started from 0.8231 will continue.
We saw in 2014-2015, when it breaks a long term line, we can expect a move with the same height from the breakout level. This theory gives me a target around 1.27
Here is the EUR chart only - note these setups are to show where if price rejects we will look short - same information below as previous post - incase traders see this instead. We have our take on the EUR USD - a lot of speculators have seen the Euro as the stronger of the currencies against the USD which has been seen as out of favour - but this is all...
The Euros are generally going up where as the pounds are going sideways... if the pound was to weaken or stay where it is and the euros continue its strength... I will also look at DXY (Dollar Index and Euro Index EXY the Euro Pound EUR/GBP could explode... however in the short term... we could see a WAVE5 Up tomorrow. Time Frame to Trade: H1 or m30
EURGBP H1 Long Signal Tomorrow 16 July 2020 The Euros are generally going up where as the pounds are going sideways... if the pound was to weaken or stay where it is and the euros continue its strength... I will also look at DXY ( Dollar Index and Euro Index EXY the Euro Pound EUR/GBP could explode... however in the short term... we could see a WAVE5 Up...
Hey, I am back yet with another Forex Analysis. Today I have decided to take a better look at EUR/USD, because part of me really want's to short it as it's in strong resistance area. But! The price in this area is really stable and still showing some bull signs, so I have decided to long this pair as I have spotted it, in clear Cup and handle bullish breakout...
Here on the Euro Index we have a 222 pattern that formed. what i like to see is that this pattern lines up with the COT report that was released Monday due to July 4th (United States Birthday :D 'merica) being observed on July 3rd. in the circles we have three potential bearish star patterns printing on the PRZ which is a resistance level. depending on how today...
We have been trading GBPUSD in our sell setup and sharing it with you. Falling from 1.2800 level is bouncing and pulling back at channels trend lines and respecting the technical analysis pattern. Trade with our setup to get the maximum output from the pair with a true breakout when it happens.
Here on the EXY The Euro Index we have the daily and weekly outlook. Now, the euro is playing off a 222 pattern off the Daily chart and the price level is quite significant. Now, for those who have been looking at my charts for quite sometime you will know i hate oscilitaors but until i get candlestick charting down a bit better i use them as a form of...