Scrambulled-Ehggs

Scrambulled-Ehggs

The following is a quick study of the ranges that each Bullish and Bearish move made. It could possibly be broken down further to smaller ranges if anyone desires to dig a little further. The purpose is to give an idea of the extents that the current move could make and possibly use this information for longer term swing or position trades. The following details...

Scrambulled-Ehggs

Ignoring All News! Update 10/28/2015 Technical The Euro was rejected from the 1st Zone of Resistance and has broken down below the 1st Zone of Support. The next hurdle is the long term bullish trend line following the 2nd Zone of Support (1.084 to 1.080). The chart has been revised as follows. • Added Rejection Points for Each Zone of Support and...

Scrambulled-Ehggs

Comment: Instead of going straight to the dry technical stuff. I would like to answer a question. Which I hope is educational. If nothing else you will get a glimpse into the mind of one trader. Why did I post a possible trade and make the comment ignoring all news on the last update? We all look at charts for a reason, we try to find support and...

Scrambulled-Ehggs

Update: 10/22/15 Ignoring all news The EURUSD has reached the First Zone of Support (1.1158 to 1.1085) with added support from the long term rising channel. Leading to a possible continuation of the long term and/or intermediate term channel. Until there is a confirmed breakout of the channel, the bias is to the long side. Update 10/20/15 - Chart cleared of...

Scrambulled-Ehggs Updated 

Update 10/20/15 - Chart cleared of previous indicators for Clarity Opinion: Short Term Bearish, Long Term Bullish The EURUSD is trading at the 1st Zone of Resistance (1.136 to 1.139). The pennant formation has been changed to reflect the breakout attempt on 10/14/15. An intermediate term channel has formed within the larger channel suggesting that the EURUSD...

Scrambulled-Ehggs

Update: 10/19/15 The EURUSD attempted to breakout on 10/14/15 but was rejected at the 2nd Zone of Resistance (1.147 to 1.149) and has now returned within the bounds of the pennant. The bottom support line of the pennant and the bullish channel is within the 1st Zone of Support, which may offer strong support. There is also a possibility that support will be...

Scrambulled-Ehggs Updated 

FX:EURUSD Divergence of the MACD and the Bullish Channel suggests there may be a continued bullish move for the EURUSD. I offer the following expected Zones of Support and Resistance once a breakout occurs. Zone of Support 1st: 1.1158 to 1.1085 2nd: Minor Support at 1.013 3rd: 1.084 to 1.080 Zone of Resistance 1st: 1.136 to 1.139 2nd: 1.147 to 1.149 3rd: 1.171

Scrambulled-Ehggs

There is a chance that this is a beginning of a short term bounce,. Entry: 158.92 Stop: 157.51 Target Sell Zone: 161.51 - 161.84

Scrambulled-Ehggs

Long Term Trend Play - Triple Top Breakout, First Target $105.99

Scrambulled-Ehggs

The price continues to decline in a slow orderly fashion. It is important to pay attention to the support zones for a bounce and a possible continuation of the bullish trend. One key level is at 1.2745 where the high on the June 18 intersects with the current support trend line. I believe the strongest zone of support to be between 1.2515 and 1.2587 where the...

Scrambulled-Ehggs

The price continues to decline in a slow orderly fashion. It is important to pay attention to the support zones for a bounce and a possible continuation of the bullish trend. One key level is at 1.2745 where the high on the June 18 intersects with the current support trend line. I believe the strongest zone of support to be between 1.2515 and 1.2587 where the...

Scrambulled-Ehggs

In June 2010 the Euro made a bull run close to 1460 pips. We are currently running near a 1122 pip gain. The weekly chart suggest we still have room for a continued run before a retracement. If we are indeed at the current top of the bull run then the retracement would be at the same point (50%) as it was in 2010. What are your thoughts?

Scrambulled-Ehggs

This analysis is based on today's technical's without a clear top. The bullish trend may continue to the 3rd zone of resistance. If a new high is reached this analysis should be ignored. If failure of the current bullish trend occurs. Look for the first area of support between 1.2387 and 1.2331 before another possible attempt at a bull run. If the bearish trend...

Scrambulled-Ehggs

8/21/2012 - The EURUSD has broken the bearish trendline and continues upward in the channel. There are three zones of resistance to be aware of. Look for continued highs with the MACD showing divergence for a possible resumption of the down trend. 8/24/2012 - View this chart in the hourly time frame to clearly see the zones of resistance. Slight Divergence on the...

Scrambulled-Ehggs

8/21/2012 - The EURUSD has broken the bearish trendline and continues upward in the channel. There are three zones of resistance to be aware of. Look for continued highs with the MACD showing divergence for a possible resumption of the down trend. 8/24/2012 - View this chart in the hourly time frame to clearly see the zones of resistance. Slight Divergence on the...

Scrambulled-Ehggs

The EURUSD has broken the bearish trendline and continues upward in the channel. There are three zones of resistance to be aware of. Look for continued highs with the MACD showing divergence for a possible resumption of the down trend.

Scrambulled-Ehggs

With the long term trend still bearish the expectation is a continuation of the downtrend. This scenario ignores any news that might provide a continued move to the upside.

Scrambulled-Ehggs

A Signal to the long side. No Prediction of price targets or length of trade. Long trades are in favor.