I CANT SEEM TO FIND A LOT OF HISTORICAL DATA IN THE CHARTS BUT THIS IS HOW I SEE IT ALL SIGNIFICANT TIME FRAMES ARE BULLISH & WITH LAST WEEKS CLOSE AT 14.15 AREA.THE PAIR ONLY LOOKS LIKE IT NEEDS A CLEAR BREAK ABOVE THE 0.5% EXPANSION LEVEL TO CONTINUE TO RALLY HIGHER.WE MAY SEE IT SLOW DOWN AROUND THE 0.618% LEVEL IF THIS SCENARIO COMES INTO PLAY HOW EVER A CLOSE...
CLOSED LAST WEEK @ 4708 SO IT'S STILL ABOVE THE MINOR SUPPORT AREA @ 4692 .... LOOKS LIKE A GOOD OPPORTUNITY TO GO LONG FOR A SHORT TERM TRADE TILL THIS BROADENING WEDGE REMAINS INTACT.STOP CAN BE PLACED @ OR UNDER 4660 AREA WITH TARGET OF 4738 - 4782 AREA'S COMMENT AND LET ME KNOW WHAT DO U GUYS THINK OF IT ? ^_^
AFTER RUNNING INTO RESISTANCE AT 48.30 AREA AND FAILING TO BREAK HIGHER WE ENDED UP FORMING A TOP AND FELL ALL THE WAY DOWN TO 44.08 AREA.CRUDE MANAGED TO FIND SOME SUPPORT THERE TO HANG ONTO AS WE CLOSED WITH A DECENT UPRIGHT HAMMER FORMATION.WHICH IS PERHAPS A SIGN OF AN EARLY BOTTOM AS THE PRICE HASN'T COME INTO CONTACT WITH THE SUPPORT T.L FROM AUGUST 24TH...
After consecutive blows Euro has finally reached a point where we have broken out of the support area's and we will now be seeing them act as resistances If we are to retest those area's.After closing @1.0736 last week Euro/$ has broken out of the medium term trend channel which started from March 2015 has finally reached conclusion with a strong breakout last...
Last week we closed around the 382 mark.We may continue to trade in 350-398 range if we don't have a clear breakout .Minor Support levels are (1) 353 (2) 334.50 and minor Resistance levels are (1) 396 (2) 404. We got pretty close to the 0.764% Retracement level last week but found support above it slightly.Prices still trading above the 100 DAY SMA & 50 DAY...
We broke out of the trend line support coming in from Oct 1st on 28th of Oct.After a bottom formation there we headed higher and retested the 1.5494-1.5508 area.For Short term trend seems to be sideways and is still intact , support lies @ 1.5368.Currently trading above the 10 day EMA and slightly below 15 day SMA.Breakout of the trend line resistance from August...
Prices still trading well below 10 day EMA and 15 day SMA.Major bearish trend still intact .Current H4 candle close above support trend line area shows a possible retracement move higher within this triangle.Break above 1.0966 area and 1.0974-1.0988 area could come into play. SMA resistance currently @ 1.0994 . A close below 1.0920 area puts support @...