We can see a descending trendline. Since June 15, 2016 price is stabilizing in a sideway zone.
We can watch a descending trend. Since June 15,2017 the price is stabilizing in a sideway zone.
Emerging Market currencies: CZK, HUF, RON all showing correlated strength versus the USD. Possibly all about to hit resistance levels - interesting to see how they react and if they can maintain their strength.
USDCZK line level head and shoulders, according to the forecast the dollar will continue to fall below the two line to measure target
Bullish Pattern, SL & TP are mentioned in the chart... Good Luck
Good morning ladies and gentlemen and whoever doesn't fit into two genders anymore. Currently USD/CZK is showing potential downtrend. I've identified this by checking the W and D chart. W chart shows a sideways momentum whereas the D chart shows a distinctive downtrend. I have also seen a double top form which could be beneficial for the analysis. If price...
Just a idea to keep in the back off your mind.
That seems to me like a very nice BreakOut-Szenario for 2017. TP of the flag would be the "2?" 1-2-3 pattern:
PRICE TESTING THE 24.60 RESISTANCE ZONE WHICH HAS SEEN A NICE SELL OFF IN THE PAST IF WE GET THE RIGHT TYPE OF BEARISH PRICE ACTION LOOK TO SELL INTO THE 23.00 ZONE STOCH BEGINING TO SHOW DIVERGENCE SL 24.90 TP 1ST TARGET 24.25 TP 2ND TARGET 23.80
Looking to go short on T.L support breakout , The pair will likely fall and retest the levels of support(previously resistance) of the structure it broke out of .We could also see the pair decline after it touches the T.L resistance from March of last year.