ravi1995

ravi1995

Monthly: Strong uptrend. last month closed as a spinning top. Tapped off the 132.00 area for the past 2 months without being able to break this area. Weekly: We have been ranging from 132.00 to 134.00 for the last 10 weeks, however this weeks candle provided a false breakout to the downside before swiftly returning abpve 132.00 support, with the weeks candle...

ravi1995

Monthly:Clear downtrend, despite a bullish month last month, as we come towards the end of this month we can see clear bearish momentum developing once more as price fails to break the 1.2800 monthly key level successfully. Weekly: Red still below Blue despite them being extremely close together. 3 Clear rejections off the 1.2800 level, indicating price cannot...

ravi1995

MONTHLY: Last month closed as a strong bullish bar, however was unable to break the weekly resistance barrier at 1.3700, testing this region before pulling back. This current month we have seen of 1.37930, however we have seen that price has been unable to sustain these highs, with price currently pulling back 80 pips on this pair at 1.37130. WEEKLY: Last week a...

ravi1995

MONTHLY: The previous 2 months have been bearish candles, rejecting off the monthly area of resistance at 0.77500, before heading down. Last month closed as a strong bearish candle, closing below the weekly area of resistance at 0.7575. WEEKLY: 3 weeks ago we had a strong bearish engulfing candle suggesting a move to the downside, since then we have had a further...

ravi1995

MONTHLY: Last month closed as an extremely strong bullish bar, breaking the 1.2500 monthly barrier where price had been capped for the previous 6 months, suggesting the pound is on the rise. WEEKLY: In the last 4 weeks, the pound has risen in excess of 600 pips, due to the announcement of another general election in the coming weeks. Last week closed as a strong...

ravi1995

MONTHLY: Last month closed as a doji which suggested indecision between buyers and sellers in the market. This month went to highs of 1295.00 before rejecting off a key area of resistance with price currently making its way down. WEEKLY: An evening star looks as though it is forming, which is a strong sign of a reversal in the works. Last week tested the key area...

ravi1995

MONTHLY: price has been unable to breach the key area of resistance at 1.3400, the last time price closed above this area was over a year ago. Last month a shooting star was formed signalling a bearish bias. WEEKLY: We have a clearer picture of the lower highs being formed since the beginning of 2016. A potential 3 pin pattern being formed suggesting that price...

ravi1995

MONTHLY: Price ranging between the key levels of 1.2000 and 1.25000 for the last 6 months. WEEKLY: We can see lower highs being formed, last week price closed just above the 1.25000 area, however at the start of this trading week price has once again dipped back below this key area. A three pin pattern also looks like forming which is a good sign of a lower high...

ravi1995

MONTHLY: We can clearly see that this pair is in a downtrend, confirmed by the MA's. Lower highs and lower lows being formed. Last months candle despite being a bullish candle could not break the monthly resistance at 1.65000 WEEKLY: A more clear picture of price action and the lower highs and lows being formed, a potential three pin pattern being formed which is...

ravi1995

MONTHLY: As we approach the end of the month we can see that despite forming highs of 1.35350, price is currently below monthly resistance and potentially forming a lower high. WEEKLY: Last week was a strong bearish engulfing bar, and despite the candle two weeks ago closing above the monthly resistance, last weeks bearish candle bought price back below this...

ravi1995

MONTHLY: Looking at the bigger picture, we can clearly see that EURUSD is in an overall downtrend with a steady depreciation of the Euro against the Dollar. Strong resistance at 1.0800 and last months candle was a strong bearish candle engulfing the previous bullish candle. MA's to the downside WEEKLY: The weekly timeframe shows us that the last 3 weeks have been...

ravi1995

MONTHlY: Price tested the monthly resistance at 124.00 the previous two months and could not violate this area of resistance, the MA's also suggest that the overall trend is downwards. WEEKLY: On the weekly, we can see a clearer picture of price action, showing us that for 8 weeks price tested the 1.24 area without breaking this area of resistance, the last two...

ravi1995

WEEKLY: We can see that the MA's are very close to crossing over and a potential hammer forming on this current candle, however we cannot confirm this of course until the close on Friday. Price has tested the key level of support at 1.2500 for the last two weeks without being able to break below this area. DAILY: We can see that yesterday price went as low as...

ravi1995

WEEKLY: We can see that the MA's are very close to crossing over and a potential hammer forming on this current candle, however we cannot confirm this of course until the close on friday. Price has tested the key level of support at 1.2500 for the last two weeks without being able to break below this area. DAILY: We can see that yesterday price went as low as...

ravi1995

On the weekly timeframe despite the last few weeks being bullish we can still see that the overall general trend is downwards as displayed from the ema (8) being below the ma (21) On the daily we can see that price has hit resistance at 1.08000 and a shooting star was formed two days ago. ON THE 4hr a head and shoulders pattern has formed and the neckline has...

ravi1995

On the weekly time-frame we have a higher low formed coupled with the last two candlesticks on the weekly being strong bullish bars. On the Daily, we can see that price has rejected off the monthly support area at 1.65000 and another confluence is the Fibonacci retracement tool, we can see price has bounced off the 38.2% area. Additionally there is an MA crossover...