On Daily, it clearly have hit the trend line multiple times as well as hitting 2.04700 psychological Resistance. On hourly, as of this minute, it seems that it's creating Head & Shoulders or at least, it will be just a confirmation of double top that two last candles did on Daily. On Daily, Stochastic is over bought too.
This pair has made a classic and text book example of Double bottom. If you check hourly chart, you will see that it made a Double Bottom at 0.85500 psychological Resistance. The second touch is higher than first one. It means that this Double Bottom is pretty strong, so much so, that it couldn't make the same low. Get ready and grab it while last !! :)
It seems all of the signs leading to Bullish move. 0- Monthly shows Bullish 1- EMA 200 Blue on Weekly shows: Bearish 2 52-Week & All Time Hight/Low S/R Clear 2- Chart Pattern on Weekly chart shows: Multiple attempt to break through at 0.90500to and go Bullish This is the only headwind. 3- Stochastic on Weekly chart shows: Overbought 4- EMA, 20 Red, 50 Green,...
Happy Holidays. WHAT DO YOU THINK?? It's a very interesting situation here. I am having a hard time determining what is the price action at this time. Yellow trend lines suggest consolidation to continue the Bearish move that started in mid-November. Alternatively, The Yellow trend lines show that the Bearish move is slowing down. In fact, shows early signs of...
It seems this pair is failing to reach the previous high 144.850. It broke the Bullish trend line at the lower time frame. considering previous analysis and now this price action, it's about the time to get into the trade. just wait until price is confirmed. FYI: EMA 20, 50, and 200 are all Bearish. as well as Stochastic.
I have posted this in the past. This pair is now ready to start the Bearish move. 0- Monthly shows Bearish 1- EMA 200 on Weekly shows: Bullish but 50 & 100 are Bearish 2- Stochastic on Weekly chart shows: "K" Line cut "D" Line Bearish 3- EMA, 20, 50, 200 on Daily shows: Bearish 4- Stochastic on Daily shows: "K" Line cut "D" Line Bullish
0- Monthly shows Bullish 1- EMA 200 on Weekly shows: Bullish 2- Chart Pattern on Weekly chart shows: Bullish Engulfing 3- Stochastic on Weekly chart shows: "K" Line cut "D" Line Bullish 4- EMA, 20, 50, 200 on Daily shows: all Bullish 5- Stochastic on Daily shows: "K" Line cut "D" Line Bullish
Great Bearish set up, so far. 0- Monthly shows Bearish Reversing 1- EMA 200 on Weekly shows: Bullish 2- Chart Pattern on Weekly chart shows: Bearish Reversal 3- Stochastic on Weekly chart shows: Oversold 4- EMA, 20, 50, 200 on Daily shows: all Bearish 5- Stochastic on Daily shows: Oversold