FOREX MARKET TECHNICAL ANALYSIS EUR USD ANALYSIS EUR/USD traded narrow strip since May If we will look closely we can see head and shoulders pattern: Head and shoulders pattern is a trend reversal chart pattern found after an uptrend or downtrend. There are two types of head and shoulders pattern: a standard head and shoulders pattern and an inverse head and…
Financial markets and currencies show nervousness… Get ready for something big in the marketsFX is very nervousThe movements we see are movements of something big beneath the surfacethe dollar made a big move on most of the pairsSome broke low and some did notGet ready for repair – a probability of over 70% that it will start todayI’ll update and…
Forex Market Analysis EUR/USD dropped to 1.1830 last week and recovered a bit. Euro – resistance at 1.2070+_ only closed above this level will confirm more up moves while failing to hold above this level will bring for more down moves to 1.1670+_ In the long term, the chance of long-term bullish reversal is going down as long as the…
EUR USD TECHNICAL ANALYSIS FORECAST EUR/USD dropped since February last record sharply below 1.21 last week.Only strong break down of 1.1960 key support confirmed medium term topping.The upside of recovery should be broken up by 1.2340 resistance to bring another record.break down Below last lows last week 1.2054 will target 1.1960.The ECB will need to inform the markets by June–July…
FOREX MARKET TECHNICAL ANALYSIS FORECAST Forex market Step Forward Two Back Scubido”Dollar Index broke above the key 90.00 level, the biggest spike since Dec 2016 – to its highest level since mid-January. With net speculative positioning at extreme shortsSome of the pairs in the forex market are facing critical junction points for a further move against the dollar in the world.I…
FOREX MARKET TECHNICAL ANALYSIS EUR USD ANALYSIS EUR/USD traded narrow strip since JanuaryFailed to take out 1.2560 resistance and retreated, break up again on daily basis 1.2560 price level will confirm medium term rally resumption and target next key Fibonacci level at 1.2860However, sustained price below will extend the consolidation pattern from 1.2091 with another decline through 1.1760 support.It’s still…
EUR USD TECHNICAL ANALYSIS FORECAST EURUSD is currently stranded between two strong barriers 1.2070-1.2560, the US Dollar might still be weakened by US-China trade tensions that could actually put additional upward pressure on the Euro, but don’t forget that we have this week non-farm payroll data us, this event could cause large movements on forexYou can clearly see the long…
FOREX TECHNICAL ANALYSIS EUR/USD EUR/USD as others currencies failed to stay upper levels during last weeks, we saw 1.2340 key support was taken down – this is not a good sign for more upper moves, also two times eurusd being rejected by 1.2560+_ price level.for short – medium term the eur/usd now is on the downside move , Sustained trading…
FOREX TECHNICAL ANALYSIS FOR THIS WEEK EUR/USD rose last week and set top for three years, so now there is one way to the areas I mentionSucceed to take out 1.2091 resistance and retreated, break up again on daily basis 1.2091 price level will confirm medium term rally resumption and target next key Fibonacci level at 1.2360/2560.However, sustained price below…
EUR/USD price technical analysis update Markets received further positive signs about the euro-zone economies. Spain and Germany saw a drop in the number of the jobless, PMIs continued looking good and even inflation was ok, but EUR/USD confirms a ceiling near 1.2080-90 region- Additional details from the latest US jobs report revealed that unemployment rate held steady at a 17-year…