Aelkhatib

Aelkhatib

The pair is currently being moved inside a downtrend in the weekly chart within the overall sideways movement, it formed a downwards channel in the weekly chart which is currently being traded around its upper boundary; which supports rebounding down off around current levels to continue the downtrend. By looking to the current upwards movement we will find that...

Aelkhatib

The pair formed an inverted head and shoulders on 4H time-frame, and bounced up from its neck line after forming a bullish engulfing pattern, which confirmed conditionality of the uptrend and will target level 0.9795as its primary target in the uptrend. if we looking for the RSI indicator we will find that it bounced up from around level 50 which support...

Aelkhatib

the pair rises 350 points inside its uptrend and after bouncing down from level 1.3514 to correct , it formed a pennant pattern which shows that's no bears power in that place which support the continuing of the uptrend and will targets level 1.4000 so we can long the pair at 1.3474 with stop 1.3374 and target 1.4000 Good luck

Aelkhatib

The bears started their pressure around level 1.6300 which represents as resistance area as the upper boundary of the symmetrical triangle on the long term and the broken upward trend line on the long term and started bouncing down from this area which appears a good place to sell the pair from the current price 1.6232 with stop at 1.6370 and targets 1.5915...