Forex pips

Eurodollar Signs of a change in the air, or an eyesore

EUR USD  TECHNICAL ANALYSIS short term optimistic: in the other hand, The confirmation of the closing price reversal bottom is potentially bullish. Typically, this chart pattern leads to see some rally trend. Its first upside target to check 1.1350-1.1430+_, closing up above this price will mark new high targets are we going to see an extreme move like  20% down…

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New lows in EUR /USD what we should expect for the future?

EUR USD   TECHNICAL ANALYSIS EUR/USD drops sharply to as low as 1.1033 confirms the resumption of the downtrend. The US Dollar surged in reaction to the Fed’s hawkish interest rate cut yesterday.Federal Reserve lowered its benchmark interest rate by 25 bps for the first time since December 2008 but the lack of commitment of future rate cuts turned out to…

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An interesting trade opportunity for fx pair that has been in a gathering for a long time

AUD/NZD trade set up plan  This could be a Diamond Bottom is considered a bullish signal, indicating a possible reversal of the current downtrend to a new uptrend. Diamond patterns usually form over several months in very active markets. The Diamond Bottom pattern occurs because prices create higher highs and lower lows in a broadening pattern. Then the trading range…

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has the euro-dollar price find a bottom and hence its way up

EUR USD Technical Analysis  EUR/USD succeeded to stay up above 1.1350 support, break up again on a daily basis 1.1630-price level will confirm medium term rally resumption and target next key at 1.1860 and even 1.2080 However, sustained price below will extend the consolidation pattern from 1.2091 with another decline through 1.1350 support- break again last lows will confirm for…

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Last week the Euro reached 1.18, whether 1.20 is the next target, or is it just a correction to the main trend

EUR USD Technical Analysis  EUR/USD succeeded to take out 1.15 support, break up again on daily basis 1.1760-price level will confirm medium term rally resumption and target next key at 1.1860 and even 1.2080 However, sustained price below will extend the consolidation pattern from 1.2091 with another decline through 1.1350 support- break again last lows will confirm for more downtrend…

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FOREX MARKET TECHNICAL ANALYSIS UPDATE

EUR USD ANALYSIS EUR/USD  still traded below 1.15 after reached  last week all the way to 1.1300, from that  level we can see retracement – closed daily above 1.1430 will lead to 1.1630 and even more up targets such as 1.1670 and even 1.1740 As I said the last post – look closely we can see head and shoulders pattern…

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