"Marubozu : a japanese candlestick formation used in technical analysis to indicate a stock has traded strongly in one direction."
Yesterday the EurUsd was trading in one direction whole day : down. I noted yesterday in the gold post , that very possible the EurUsd will bottom at the 100 SMA as this daily cycle is already very mature.
Today the EurUsd was trading in one direction throughout the whole session : up.
Buyers controlled the price whole day , we have a good chance to close near or at the high of the day.
Yesterday's red and today's possible green marubozu is a strong signal that the previous trend is reversing and the DCL was printed on the 100 SMA yesterday.
In the meanwhile DXY is turning down from the 100 SMA and the important resistance of 91.775 .
There is also a good chance of printing a key reversal:
I think EurUsd is printing its first DCLof a new intermediate cycle and 2 more daily cyle will follow the previous one in the following months.
RSI just left oversold territory and MACD is waiting to cross over.
It will also affect gold , silver and stocks. A weak dollar is good for metals and stocks too.
Yesterday the EurUsd was trading in one direction whole day : down. I noted yesterday in the gold post , that very possible the EurUsd will bottom at the 100 SMA as this daily cycle is already very mature.
Today the EurUsd was trading in one direction throughout the whole session : up.
Buyers controlled the price whole day , we have a good chance to close near or at the high of the day.
Yesterday's red and today's possible green marubozu is a strong signal that the previous trend is reversing and the DCL was printed on the 100 SMA yesterday.
In the meanwhile DXY is turning down from the 100 SMA and the important resistance of 91.775 .
There is also a good chance of printing a key reversal:
I think EurUsd is printing its first DCLof a new intermediate cycle and 2 more daily cyle will follow the previous one in the following months.
RSI just left oversold territory and MACD is waiting to cross over.
It will also affect gold , silver and stocks. A weak dollar is good for metals and stocks too.
Note
textbook bounce fron the 100SMA.Note
This will be the 2nd daily cycle of this intermediate cycle and soon we will be testing and breaking 1.235
I’m looking forward to see a powerful move out of the DCL as the dollar collapsing when USA is losing the battle in the pandemia against Europe and China.
Note
Weekly swing today.This is going to have a big impact on the manipulated metal market. Bullion banks are in big trouble with their shorts.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.